THE HADDONFIELD EDUCATIONAL TRUST INC

EIN: 222610183 501(c)(3) Education

Haddonfield, NJ

Total Revenue
$191,094
Total Expenses
$189,436
Total Assets
$3,353,729
Net Assets
$3,353,729
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
NJ
Principal Officer
Greg Gallo
Phone
8564294130
Tax Period
2023-01-01 to 2023-12-31

THE HADDONFIELD EDUCATIONAL TRUST INC, founded in 1988, is a small nonprofit in the Education sector that reported $191K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Net assets of $3.4M represent 211 months of operating reserves.

Mission

To solicit and receive gifts of money, securities, and other property and to provide funds for educational projects and charitable programs for the schools in the Haddonfield School District. Scholarship grants to graduates of Haddonfield Memorial High School are also made.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $46,049
Program Service Revenue $0
Investment Income $102,489
Other Revenue $42,556
TOTAL REVENUE $191,094

Expense Breakdown

Grants Paid $151,401
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $151,401
Other Expenses $38,035
TOTAL EXPENSES $189,436

Year-over-Year Comparison

2023 2022 Change
Revenue $191,094 $314,533 -0.4%
Expenses $189,436 $272,725 -0.3%
Net Income $1,658 $41,808 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Maureen Eyles President 1
Director
$0 $0 $0
Greg Gallo Treasurer 1
Director
$0 $0 $0
Vicki Jensh Cummins Vice President 1
Director
$0 $0 $0
David Siedell Secretary 1
Director
$0 $0 $0
Matt Ritter Vice President 1
Director
$0 $0 $0
Ken Allen Trustee 1
Director
$0 $0 $0
Jack Tarditi Trustee 1
Director
$0 $0 $0
Wendy Conover Trustee 1
Director
$0 $0 $0
Lisa Wolschina Trustee 1
Director
$0 $0 $0
Lynn Hoag Trustee 1
Director
$0 $0 $0
Alison Kehner Trustee 1
Director
$0 $0 $0
Carol Barbano Trustee 1
Director
$0 $0 $0
Jennifer Houck Trustee 1
Director
$0 $0 $0
Kathy Morris Trustee 1
Director
$0 $0 $0
Matt Cowperthwait Trustee 1
Director
$0 $0 $0
Susan Hodges Trustee 1
Director
$0 $0 $0
Lynn Raus Trustee 1
Director
$0 $0 $0
Dr Joseph Serico Trustee 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $191,094 $189,436 $3,353,729 $1,658
2022 $314,533 $272,725 $3,205,684 $41,808
2021 $648,017 $182,238 $3,658,912 $465,779
2020 $149,356 $355,225 $3,122,102 $-205,869
2019 $244,388 $183,525 $3,007,870 $60,863
2019 $244,388 $183,525 $3,007,870 $60,863
2018 $221,206 $146,309 $2,570,987 $74,897
2018 $221,206 $146,309 $2,570,987 $74,897
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