funder logo

FOUNDATION FOR NEWARK'S FUTURE INC
Closed

FOUNDATION FOR NEWARK'S FUTURE INC
Closed

MORRISTOWN, NJ, US
501(c)3
EIN
27-3453412
Regional Funder
funder logo

FOUNDATION FOR NEWARK'S FUTURE INC
Closed

MORRISTOWN, NJ, US
501(c)3
EIN
27-3453412
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Closed

This organization closed in 2016. It filed a final 990 indicating termination and no longer appears as active in IRS records, as it is absent from the EO Business Master File and Pub78 List.

Revenues in 2016

$4,276,998

Contributions
>99%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2016

$5,018,661

Grants
87%
Salaries & Benefits
7%
Fees to Service Providers
3%
Offices, Occupancy & IT
1%
Advertising & Promotion
<1%
Other
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2015
2016
Change
Contributions
$14,770,714
$4,276,335
-71%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$2,112
$663
-69%
Other
$0
$0
-
Total Revenues
$14,772,826
$4,276,998
-71%
Expenses
2015
2016
Change
Grants
$12,763,369
$4,372,527
-66%
Benefits to Members
$0
$0
-
Salaries & Benefits
$524,772
$374,032
-29%
Fees to Service Providers
$3,108,750
$164,026
-95%
Advertising & Promotion
$82,152
$28,678
-65%
Offices, Occupancy & IT
$171,384
$69,938
-59%
Interest
$0
$0
-
Depreciation
$5,746
$0
-100%
Other
$100,220
$9,460
-91%
Total Expenses
$16,756,393
$5,018,661
-70%
Net income
2015
2016
Change
Net income
-$1,983,567
-$741,663
+63%
Functional Expenses
Summary
2015
2016
Change
Program
$16,089,274
$4,372,527
-73%
Admin
$667,119
$646,134
-3%
Fundraising
$0
$0
-
Total Expenses
$16,756,393
$5,018,661
-70%
Income Statement
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