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Nonprofiteer
← JON BON JOVI SOUL FOUNDATION

Form 990 for tax year 2023

Filed by JON BON JOVI SOUL FOUNDATION.

Totals

Total revenue
$1,704,681
Total expenses
$1,728,205
Contributions and grants received
$1,234,596
Grants paid
$80,250
Program service revenue
$424,459
Investment income
$45,626
Other revenue
$0
Total assets, end of year
$2,944,719
Total liabilities, end of year
$110,087
Net assets or fund balances, end of year
$2,834,632
Program services expenses (Part IX)
$1,583,068
Management and general expenses
$55,108
Fundraising expenses
$90,029
Program service expenses (Part III)
$1,583,068

Program services were 91.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $81,192

  • 1f · All other contributions, gifts and grants

    $1,153,404

  • 1g · Noncash contributions included above

    $263,732

  • 2a · Program service revenue: KITCHEN PROGRAM INCOME

    total $424,459 · related or exempt $424,459

  • 3 · Investment income

    total $67,977 · excluded $67,977

  • 7a · Gross sales of assets other than inventory

    securities $217,082

  • 7b · Less cost or other basis and sales expenses

    securities $239,433

  • 7c · Gain or loss

    securities -$22,351

  • 7d · Net gain or loss

    total -$22,351 · excluded -$22,351

  • 8a · Fundraising events: gross income

    $44,353

  • 8a · Fundraising events: contributions included on line 1c

    $81,192

  • 8b · Fundraising events: direct expenses

    $44,353

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $80,250 · program services $80,250

  • 5 · Compensation of officers, directors and key employees

    total $100,962 · program services $49,875 · management and general $16,760 · fundraising $34,327

  • 7 · Other salaries and wages

    total $681,814 · program services $656,893 · management and general $2,592 · fundraising $22,329

  • 9 · Other employee benefits

    total $38,089 · program services $35,266 · management and general $724 · fundraising $2,099

  • 10 · Payroll taxes

    total $123,966 · program services $111,053 · management and general $3,282 · fundraising $9,631

  • 11b · Fees: legal

    total $708 · program services $464 · management and general $63 · fundraising $181

  • 11c · Fees: accounting

    total $14,589 · management and general $14,589

  • 11f · Fees: investment management

    total $11,085 · management and general $11,085

  • 11g · Fees: other

    total $3,765 · program services $3,765

  • 12 · Advertising and promotion

    total $6,913 · program services $6,565 · management and general $59 · fundraising $289

  • 13 · Office expenses

    total $104,542 · program services $88,547 · management and general $1,906 · fundraising $14,089

  • 14 · Information technology

    total $16,532 · program services $10,838 · management and general $1,460 · fundraising $4,234

  • 16 · Occupancy

    total $93,155 · program services $93,155

  • 17 · Travel

    total $13,593 · program services $11,630 · management and general $1,853 · fundraising $110

  • 22 · Depreciation, depletion and amortization

    total $13,312 · program services $13,312

  • 23 · Insurance

    total $27,841 · program services $25,173 · management and general $684 · fundraising $1,984

  • 24a · Other expenses: FOOD AND SUPPLIES

    total $260,868 · program services $260,868

  • 24b · Other expenses: KITCHEN PROGRAM

    total $111,666 · program services $110,938 · fundraising $728

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $17,970 · program services $17,970

  • 24d · Other expenses: EVENT EXPENSES

    total $6,206 · program services $6,206

  • 24e · All other expenses

    total $379 · program services $300 · management and general $51 · fundraising $28

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $224,272 · end of year $39,884

  • 2 · Savings and temporary cash investments

    beginning of year $400,723 · end of year $526,647

  • 3 · Pledges and grants receivable

    beginning of year $85,432 · end of year $68,633

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,167 · end of year $10,278

  • 10a · Land, buildings and equipment: cost or other basis

    $501,525

  • 10b · Land, buildings and equipment: accumulated depreciation

    $496,004

  • 10c · Land, buildings and equipment, net

    beginning of year $15,759 · end of year $5,521

  • 11 · Investments: publicly traded securities

    beginning of year $1,904,606 · end of year $2,267,167

  • 14 · Intangible assets

    beginning of year $7,005 · end of year $5,137

  • 15 · Other assets

    beginning of year $60,487 · end of year $21,452

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,787 · end of year $92,430

  • 25 · Other liabilities

    beginning of year $56,074 · end of year $17,657

  • 27 · Net assets without donor restrictions

    beginning of year $2,554,960 · end of year $2,717,793

  • 28 · Net assets with donor restrictions

    beginning of year $100,630 · end of year $116,839

Mission and programs · 2023

Mission

THE MISSION IS TO BREAK THE CYCLE OF POVERTY, HUNGER AND HOMELESSNESS THROUGH DEVELOPING PARTNERSHIPS, CREATING PROGRAMS AND PROVIDING GRANT FUNDING TO SUPPORT INNOVATIVE COMMUNITY BENEFIT ORGANIZATIONS.

Activities or mission (Part I)

BREAKING THE CYCLE OF POVERTY, HOMELESSNESS, AND HUNGER IN COMMUNITIES ACROSS AMERICA.

  • IN OCTOBER 2011, THE FOUNDATION OPENED ITS FIRST JBJ SOUL KITCHEN IN RED BANK, NEW JERSEY, TO ADDRESS LOCAL ISSUES OF FOOD INSECURITY. A SECOND JBJ SOUL KITCHEN OPENED IN MAY 2016 IN TOMS RIVER, NEW JERSEY, AS PART OF THE B.E.A.T. CENTER, A UNIQUE, COLLABORATIVE EFFORT WITH OTHER NONPROFITS. A THIRD LOCATION OPENED IN JANUARY 2020 ON THE CAMPUS OF RUTGERS UNIVERSITY - NEWARK, NEW JERSEY TO ADDRESS THE ISSUE OF HUNGER ON COLLEGE CAMPUSES. IN FEBRUARY 2023 A FOURTH LOCATION OPENED ON THE COLLEGE CAMPUS OF NORTH JERSEY CITY UNIVERSITY - JERSEY CITY, NEW JERSEY TO ADDRESS STUDENT FOOD INSECURITY. THE COMMUNITY KITCHENS HAVE SERVED OVER 187,340 NUTRITIOUS, DELICIOUS MEALS SINCE THEIR INCEPTION AND HAVE SERVED 57% OF THEIR MEALS TO THOSE UNABLE TO PAY. PAYING DINERS CAN AFFECT CHANGE BY PAYING MORE THAN THE SUGGESTED MINIMUM DONATION BY "PAYING IT FORWARD". FOR THOSE WHO ARE UNABLE TO MAKE A DONATION FOR THEIR MEAL, THEY ARE INVITED TO COME IN, ENJOY A MEAL AND LEARN HOW THEY CAN BE PART OF THE JBJ SOUL KITCHEN COMMUNITY BY VOLUNTEERING.

    Expenses $1,249,868 · Revenue $424,459

  • PROGRAM GRANTS AND EXPENSES FOR AFFORDABLE HOUSING AND ADDRESSING FOOD INSECURITY ASSOCIATED WITH THE ORGANIZATION'S MISSION OF WORKING TO SUPPORT THOSE EXPERIENCING HOMELESSNESS. THIS YEAR A FOCUS WAS DIRECTED TOWARD PROVIDING FUNDING FOR THE CREATION OF AFFORDABLE HOUSING FOR VETERANS AND SAFE SHELTER FOR THOSE SUFFERING FROM ADDICTION.

    Expenses $333,200 · Grants $80,250

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jon Bon Jovi

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Craig Spencer

    BOARD VICE-CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Leo Carlin Jr

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Mimi Box

    BOARD VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Steve Perna

    BOARD VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Paul Korzilius

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Sr Mary Scullion

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Heather Goldfarb

    EXEC. DIR, ASST. TREASURER

    Total calculated
    $100,962
    From this org
    $100,962
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sara Peters

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • SOLDIER ON

    $50,000

    MATCH GRANT TO HELP BUILD GORDON H. MANSFIELD VETERANS HOUSING IN TEWKSBURY, MA - 21 UNITS FOR FORMERLY HOMELESS VETERANS

  • PILGRIM BAPTIST CHURCH

    $15,000

    GRANT TO REPLENISH FUNDS AT JBJ & PBC HOPE & COMFORT CENTER FOR CODE RED SUMMER 2023 AND BLUE WINTER 2023/2024

  • FIRST BAPTIST CHURCH OF RED BANK

    $15,000

    GRANT FOR THE HEARTWARMING CENTER - CODE BLUE SHELTER FOR WOMEN ONLY IN MONMOUTH COUNTY FOR WINTER 2023/2024

Provenance

Return type
form_990
Tax year
2023
Filed
19 October 2024
IRS schema version
2023v5.1
Source object
202412969349301406

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