NJ SERVICE FOUNDATION INC A NJ NONPROFIT ORGANIZATION

EIN: 463765577 501(c)(3) Public & Societal Benefit

SOUTH PLAINFIELD, NJ

Total Revenue
$119,236
Total Expenses
$176,225
Total Assets
$43,053
Net Assets
$42,130
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NJ
Principal Officer
RAY FREANEY
Phone
9082276782
Tax Period
2024-07-01 to 2025-06-30

NJ SERVICE FOUNDATION INC A NJ NONPROFIT ORGANIZATION, founded in 2013, is a small nonprofit in the Public & Societal Benefit sector that reported $119K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $176K exceeded revenue, resulting in a 48% operating deficit.

Mission

TO SOLICIT, COLLECT AND OTHERWISE RAISE MONEY FOR CHARITABLE PURPOSES TO SUPPORT PROJECTS TO ASSIST THE GENERAL PUBLIC IN THE STATE OF NJ, THE UNITED STATES AND INTERNATIONALLY AT THEIR TIME OF NEED IN ORDER TO ADVANCE WORLD UNDERSTANDING, GOODWILL, AND PEACE THROUGH THE IMPROVEMENT OF HEALTH, THE SUPPROT OF EDUCATION AND THE ALLEVIATION OF POVERTY AND TO MAKE DISTRIBUTIONS TO ORGANIZATION THAT QUALIFY AS EXEMPT ORGANIZATION UNDER SECTION 501 (C) (3).

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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 (2024)

Revenue Breakdown

Contributions & Grants $38,467
Program Service Revenue $75,100
Investment Income $769
Other Revenue $4,900
TOTAL REVENUE $119,236

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,736
Program Expenses $167,496
Other Expenses $176,225
TOTAL EXPENSES $176,225

Year-over-Year Comparison

2024 2023 Change
Revenue $119,236 $195,052 -0.4%
Expenses $176,225 $240,976 -0.3%
Net Income $-56,989 $-45,924 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVE BRIEDINGER SECRETARY 2.00
Director
$0 $0 $0
RAY FREANEY CHAIRMAN 2.00
Officer Director
$0 $0 $0
HARVEY GILBERT TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL TOWNLEY TREASURER 2.00
Officer Director
$0 $0 $0
WAYNE ZUHL TRUSTEE 2.00
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
2025 $119,236 $176,225 $43,053 $-56,989
2024 $195,052 $240,976 $99,743 $-45,924
2023 $335,775 $287,493 $169,331 $48,282
2022 $316,856 $414,517 $120,147 $-97,661
2021 $98,125 $13,220 $217,808 $84,905
2020 $326,300 $300,005 $134,320 $26,295
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