348 Brick Township INC

Tax-deductible

Brick, NJ501(c)(19)EIN 22-6173911Revenue $281K in FY2024

On file with the IRSbrickpost348.org822 Mantoloking Rd, 08723-5229 · Brick, NJTax-exempt since Mar 1946

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A veteran's organization of past and present members of u.s.a. Armed forces organized to support those members, their families, and local community socially & financially.

501(c)(19) charity; gifts are tax-deductible.
Run by 50 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · 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)(19)
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
2 of 5
filings with a surplus
Average deficit $20K a year · 6% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
9 mo
of spending, in cash
Looks good: 9.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$31K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 20 voting members
Looks good: 18 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$281K
+6% vs prior year
Spent
$270K
Net assets
$832K
By yearFY2020–FY2024
Revenue
$281K
FY2024▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$466K
FY2021$419K
FY2022$259K
FY2023$266K
FY2024$281K
Expenses
$270K
FY2024▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$523K
FY2021$453K
FY2022$258K
FY2023$289K
FY2024$270K
Net assets
$832K
FY2024▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$851K
FY2021$843K
FY2022$844K
FY2023$821K
FY2024$832K

From the FY2024 Form 990 (year ending May 2024) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1946.

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

Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Bar Chairman
$0Pt VII · Sec A
Finance Officer
$0Pt VII · Sec A
Commander
$0Pt VII · Sec A
Hall Chairman
$0Pt VII · Sec A
Boat Chairman
$0Pt VII · Sec A
1st Vice Commander
$0Pt VII · Sec A
2nd Vice Commander
$0Pt VII · Sec A
Boat Chairman
$0Pt VII · Sec A
See 348 Brick Township 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 15aYes

Programs and updates

Supports veterans, their families, and communities financially and socially.

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Provided by the organization

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3 programs · in their own filed words · FY2023
01

Games of chance (pull tabs) provide additional revenues to defray costs, provide entertainement for members, and raise funds for community and veterans programs.

Pt IX · col B
02

Canteen proceeds to defray operating costs and provide funds for veterans and the community. The canteen also provides a social network for veterans.

Pt IX · col B
03

Marina boat slips for members to provide additional revenue to defray costs and provide funds for community and veterans programs.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $26K · 2021–2023
Unitemized GrantFY2023$9,040
Unitemized GrantFY2022$7,000
Unitemized GrantFY2021$10,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$281K
Ln 12
Other incomeLn 4–11$207K
Gifts and grantsLn 1h$37K
Fees for servicesLn 2g$36K
Money outPt IX
$270K
Ln 25
Owns and owesPt X
$832K
net assets · Ln 32
Cash and savingsLn 1–2$211K
Total assetsLn 16$863K
LiabilitiesLn 26$31K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a20
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$37K
Fees for servicesLn 2g$36K
Investment incomeLn 3$20
Other incomeLn 4–11$207K
Gains on assetsLn 7$0
Total revenueLn 12$281K
Assets in detailPt X, end of year
CashLn 1$91K
SavingsLn 2$120K
Cash and savings togetherLn 1–2$211K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$641K
Other assetsLn 15$0
Total assetsLn 16$863K
LiabilitiesLn 26$31K
Net assetsLn 32$832K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderMay
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 FY24End FY24
Cash and savingsLn 1–2$190K$211K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$677K$641K
Total assetsLn 16$877K$863K
LiabilitiesLn 26$56K$31K
Net assetsLn 32$821K$832K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$74K
Grants to domestic individualsLn 2$9K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$5K
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$51K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$78K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$4K
InterestLn 20$0
Payments to affiliatesLn 21$16K
Depreciation, depletion and amortizationLn 22$9K
InsuranceLn 23$23K
Total functional expensesLn 25$270K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $281K$270K$11K$832K 990 PDF
FY2023 $266K$289K−$23K$821K 990 PDF
FY2022 $259K$258K$676$844K 990 PDF
FY2021 $419K$453K−$34K$843K 990 PDF
FY2020 $466K$523K−$57K$851K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $280,759 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $45,302$37,433
I-9 Program service revenuePrior year $33,050$36,150
I-10 Investment incomePrior year $1,336$20
I-11 Other revenuePrior year $186,304$207,156
I-12 Total revenuePrior year $265,992$280,759
I-13 Grants and similar amounts paidPrior year $61,792$83,105
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $227,650$186,458
I-18 Total expensesPrior year $289,442$269,563
I-19 Revenue less expensesPrior year −$23,450$11,196
Part VI · Governance 18 of 20 board members independent, 3 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members18
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $280,759 across 10 lines filed
Lines not itemized here account for $191,632 of total revenue; see the IRS return.
VIII-1b Membership dues$22,280
VIII-1f All other contributions, gifts and grants$15,153
VIII-1h Total contributions, gifts and grants$37,433
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $36,150$36,150
VIII-3 Investment incomeExcluded from tax $20$20
VIII-5 Royalties$0
VIII-6 Net rental income or lossRelated to mission $15,524$15,524
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $51,674 · Excluded from tax $191,652$280,759
Part IX · Statement of functional expenses $269,563 across 29 lines filed
IX-1 Grants to domestic organizations$74,065
IX-2 Grants to domestic individuals$9,040
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$5,339
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$51,125
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$78,158
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$4,434
IX-20 Interest$0
IX-21 Payments to affiliates$15,807
IX-22 Depreciation, depletion and amortization$8,876
IX-23 Insurance$22,719
IX-25 Total functional expenses$269,563
Part X · Balance sheet $862,848 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $69,998$91,210
X-2 Savings and temporary cash investmentsStart of year $119,597$119,617
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $7,000$7,000
X-9 Prepaid expenses and deferred chargesStart of year $3,601$3,601
X-10c Land, buildings and equipment, netStart of year $676,542$641,420
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $876,738$862,848
X-17 Accounts payable and accrued expensesStart of year $14,734$14,732
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $1,500$1,500
X-26 Total liabilitiesStart of year $56,234$31,148
X-27 Net assets without donor restrictionsStart of year $820,504$831,700
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $820,504$831,700
X-33 Total liabilities and net assetsStart of year $876,738$862,848
Part XI · Reconciliation of net assets $831,700 net assets at year end
XI-1 Total revenue$280,759
XI-2 Total expenses$269,563
XI-3 Revenue less expenses$11,196
XI-4 Net assets at start of year$820,504
XI-10 Net assets at end of year$831,700

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

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