Hudson County Bar Foundation FY2020 filing

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To provide scholarship funds to individuals allowing for advancement by those individuals in the pursuit of study to become attorneys

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · 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
4 of 5
filings with a surplus
Average deficit $3K a year · 2% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
141 mo
of spending, in cash
Looks good: 140.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$105K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$200K
Spent
$106K
To programs
69%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$200K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$200K
FY2021$197K
FY2022$20K
FY2023$221K
FY2024$184K
Expenses
$106K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$106K
FY2021$174K
FY2022$186K
FY2023$211K
FY2024$160K
Net assets
$1.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$1.1M
FY2023$1.1M
FY2024$1.1M

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1964.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $73K Management & general 31% · $33K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hudson County Bar Foundation 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

Funds scholarships for aspiring attorneys to advance their legal education.

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Provided by the organization

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1 program · $73K · in their own filed words · FY2020
01

Scholarship grants for tuition and benefits to those people requiring legal services by support of hudson county bar association

$73Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$7K
Grants paid · 3 grants · $30K · 2022–2024
Rutgers Law SchoolFY2024$10,000
Seton Hall Law SchoolFY2023$10,000
Seton Hall Law SchoolFY2022$10,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$200K
Ln 12
Other incomeLn 4–11$142K
Gifts and grantsLn 1h$32K
Investment incomeLn 3$26K
Money outPt IX
$106K
Ln 25
Programscol B$73K
Managementcol C$33K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.3M
LiabilitiesLn 26$105K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$32K
Investment incomeLn 3$26K
Other incomeLn 4–11$142K
Gains on assetsLn 7$4K
Total revenueLn 12$200K
Assets in detailPt X, end of year
CashLn 1$160K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$70K
Total assetsLn 16$1.3M
LiabilitiesLn 26$105K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.1M$1.2M
InvestmentsLn 11–13$70K$70K
Total assetsLn 16$1.2M$1.3M
LiabilitiesLn 26$78K$105K
Net assetsLn 32$1.1M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$4K$4K
Office expensesLn 13$1K$1K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$97K$73K$24K
All other expensesLn 24e$35$35
Total functional expensesLn 25$106K$73K$33K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $184K$160K$24K$1.1M 990 PDF
FY2023 $221K$211K$11K$1.1M 990 PDF
FY2022 $20K$186K−$166K$1.1M 990 PDF
FY2021 $197K$174K$23K$1.2M 990 PDF
FY2020 Viewing $200K$106K$94K$1.2M 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 FY2020 990 (6 parts)
Part I · Summary $200,113 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,829$32,004
I-9 Program service revenue$0
I-10 Investment incomePrior year $37,559$25,918
I-11 Other revenuePrior year $149,001$142,191
I-12 Total revenuePrior year $193,389$200,113
I-13 Grants and similar amounts paidPrior year $25,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $137,934$105,654
I-18 Total expensesPrior year $162,934$105,654
I-19 Revenue less expensesPrior year $30,455$94,459
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $200,113 across 6 lines filed
Lines not itemized here account for −$8,100 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$32,004
VIII-1h Total contributions, gifts and grants$32,004
VIII-3 Investment incomeRelated to mission $22,293$22,293
VIII-7 Net gain or loss on sales of assetsRelated to mission $3,625$3,625
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $150,291$150,291
VIII-12 Total revenueRelated to mission $168,109$200,113
Part IX · Statement of functional expenses $105,654 across 5 lines filed
IX-11c Accounting feesManagement $3,735$3,735
IX-13 Office expensesManagement $1,347$1,347
IX-23 InsuranceManagement $3,578$3,578
IX-24 Other expenses (24a–d)Programs $72,704 · Management $24,255$96,959
IX-24e All other expensesManagement $35$35
IX-25 Total functional expensesPrograms $72,704 · Management $32,950 · Fundraising $0$105,654
Part X · Balance sheet $1,310,912 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $115,470$159,672
X-2 Savings and temporary cash investmentsStart of year $1,003,050$1,081,240
X-12 Other securitiesStart of year $70,000$70,000
X-16 Total assetsStart of year $1,188,520$1,310,912
X-25 Other liabilitiesStart of year $77,554$105,487
X-26 Total liabilitiesStart of year $77,554$105,487
X-32 Total net assets or fund balancesStart of year $1,110,966$1,205,425
X-33 Total liabilities and net assetsStart of year $1,188,520$1,310,912
Part XI · Reconciliation of net assets $1,205,425 net assets at year end
XI-1 Total revenue$200,113
XI-2 Total expenses$105,654
XI-3 Revenue less expenses$94,459
XI-4 Net assets at start of year$1,110,966
XI-10 Net assets at end of year$1,205,425

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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