The Joseph Fund, Inc. is a non-profit organization exempt under section 501(c)(3) of the Internal Revenue Code. The organization was founded in April 2012. The Joseph Fund's mission is to transform the lives of children in Camden through the power of education. The Joseph Fund does this by providing scholarship and tuition assistance to the children and families of Camden through the collection of donations from individuals, businesses and specific programs.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 60 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $44K a year · 10% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
23 mo
of spending, in cash
Looks good: 23.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $22K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$393K
+12% vs prior year
Spent
$376K
To programs
93%
Net assets
$723K
By yearFY2020–FY2024
Revenue
$393K
FY2024▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$598K
FY2021$532K
FY2022$341K
FY2023$350K
FY2024$393K
Expenses
$376K
FY2024▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$530K
FY2021$323K
FY2022$355K
FY2023$410K
FY2024$376K
Net assets
$723K
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$570K
FY2021$779K
FY2022$765K
FY2023$706K
FY2024$723K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $349K Management & general 7% · $26K Fundraising 0% · $766

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

James Catrambone’s $40K as Former Exec Director is at the 36th percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
James Catrambone$39,540$97,002

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Joseph Fund INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides scholarships and tuition aid to Camden children to transform their lives through education.

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Provided by the organization

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1 program · $349K · in their own filed words · FY2024
01

To solicit and receive gifts of money, securities and other property; and to provide funds for scholarships and tuition assistance to the children and families of camden. Primary activities of the fund and its board of trustees will include seeking private contributions, corporate investment by area businesses and grants from public and…

$349Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$22K
Grants paid · 19 grants · $1.0M · 2020–2024
Unitemized GrantFY2024$12,000
Unitemized GrantFY2023$41,000
Unitemized GrantFY2022$36,665
Unitemized GrantFY2021$78,369
Josephs House of CamdenNJ · FY2020$127,000
Unitemized GrantFY2020$18,375
See all 19 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$393K
Ln 12
Gifts and grantsLn 1h$403K
Investment incomeLn 3$3K
Money outPt IX
$376K
Ln 25
Programscol B$349K
Managementcol C$26K
Fundraisingcol D$766
Owns and owesPt X
$723K
net assets · Ln 32
Cash and savingsLn 1–2$726K
Total assetsLn 16$734K
LiabilitiesLn 26$11K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$403K
Fundraising eventsLn 1c$263K
Investment incomeLn 3$3K
Total revenueLn 12$393K
Assets in detailPt X, end of year
CashLn 1$467K
SavingsLn 2$259K
Cash and savings togetherLn 1–2$726K
Total assetsLn 16$734K
LiabilitiesLn 26$11K
Net assetsLn 32$723K
OperationsPt I, VI
EmployeesI 52
VolunteersI 660
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$688K$726K
Total assetsLn 16$717K$734K
LiabilitiesLn 26$11K$11K
Net assetsLn 32$706K$723K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$209K$209K
Grants to domestic individualsLn 2$12K$12K
Management feesLn 11a$130K$114K$16K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$640$563$77
Advertising and promotionLn 12$766$766
Office expensesLn 13$6K$5K$715
TravelLn 17$268$268
Conferences, conventions and meetingsLn 19$101$89$12
InsuranceLn 23$6K$6K$774
Other expenses (24a–d)Ln 24$2K$1K$199
Total functional expensesLn 25$376K$349K$26K$766

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $393K$376K$18K$723K 990 PDF
FY2023 $350K$410K−$60K$706K 990 PDF
FY2022 $341K$355K−$14K$765K 990 PDF
FY2021 $532K$323K$209K$779K 990 PDF
FY2020 $598K$530K$68K$570K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $393,287 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $360,711$403,052
I-9 Program service revenue$0
I-10 Investment incomePrior year $3,794$3,406
I-11 Other revenuePrior year −$14,527−$13,171
I-12 Total revenuePrior year $349,978$393,287
I-13 Grants and similar amounts paidPrior year $246,780$221,130
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $162,720$154,536
I-18 Total expensesPrior year $409,500$375,666
I-19 Revenue less expensesPrior year −$59,522$17,621
Part VI · Governance 16 of 16 board members independent, 3 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $393,287 across 6 lines filed
VIII-1c Fundraising events$262,505
VIII-1f All other contributions, gifts and grants$140,547
VIII-1h Total contributions, gifts and grants$403,052
VIII-3 Investment incomeExcluded from tax $3,406$3,406
VIII-8 Net income from fundraising events−$13,171
VIII-12 Total revenueExcluded from tax $3,406$393,287
Part IX · Statement of functional expenses $375,666 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $209,130$209,130
IX-2 Grants to domestic individualsPrograms $12,000$12,000
IX-11a Management feesPrograms $114,396 · Management $15,600$129,996
IX-11c Accounting feesManagement $8,690$8,690
IX-11g Other fees for servicesPrograms $563 · Management $77$640
IX-12 Advertising and promotionFundraising $766$766
IX-13 Office expensesPrograms $5,247 · Management $715$5,962
IX-17 TravelManagement $268$268
IX-19 Conferences, conventions and meetingsPrograms $89 · Management $12$101
IX-23 InsurancePrograms $5,678 · Management $774$6,452
IX-24 Other expenses (24a–d)Programs $1,462 · Management $199$1,661
IX-25 Total functional expensesPrograms $348,565 · Management $26,335 · Fundraising $766$375,666
Part X · Balance sheet $734,286 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $334,068$466,805
X-2 Savings and temporary cash investmentsStart of year $354,062$259,299
X-3 Pledges and grants receivableStart of year $28,537$8,182
X-16 Total assetsStart of year $716,667$734,286
X-17 Accounts payable and accrued expensesStart of year $10,835$10,833
X-26 Total liabilitiesStart of year $10,835$10,833
X-27 Net assets without donor restrictionsStart of year $546,808$723,453
X-32 Total net assets or fund balancesStart of year $705,832$723,453
X-33 Total liabilities and net assetsStart of year $716,667$734,286
Part XI · Reconciliation of net assets $723,453 net assets at year end
XI-1 Total revenue$393,287
XI-2 Total expenses$375,666
XI-3 Revenue less expenses$17,621
XI-4 Net assets at start of year$705,832
XI-10 Net assets at end of year$723,453

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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