Foundation for Special Needs Independence EIN 82-1542369

Foundation for Special Needs Independence

EIN  82-1542369 Public charity (501(c)(3)) Lakewood, NJ
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Size
$100K–1M
What they do
Gives money to disability groups and individuals to help them stay independent.
Leadership
Mark Josefovic · President
Money in and out
$225K revenue, $198K expenses
Bottom line
98% program efficiency

Gives money to disability groups and individuals to help them stay independent. For fiscal year 2024 it reported $225K in revenue, $198K in expenses, and $41K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$225K
Pt VIII · Ln 12
Total expenses
$198K
Pt IX · Ln 25
Net assets
$41K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $27K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
2.5mo
months of highly liquid reserves at operating expense rate▲ +525% vs prior filing year
Surplus margin
+12%
revenue over expenses, this year▲ +193% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$225K
FY2024▼ -39%
Expenses
$198K
FY2024▼ -52%
Total assets
$41K
FY2024▲ +192%
Total liabilities
$0
FY2024
Total revenue
$225K
Pt VIII · Ln 12
Total expenses
$198K
Pt IX · Ln 25
Net assets
$41K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$27K
Total assetsPt X · Ln 16$41K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $195K of program spending, described in the organization's own filed words · FY2024.
01

The organization assists organizations that provide services for the benefit of the disabled and special needs individuals.

$195Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFoundation for Special Needs Independence
EINHdr · item D82-1542369
Principal addressHdr · item CLakewood, NJ
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P80)
Ruling yearIRS BMFApr 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$225K
Total revenueLn 12$225K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$195K
Management & general2%$3K
Total functional expensesLn 25$198K

Balance Sheet

Part X · end of year
CashLn 1$41K
Total assetsLn 16$41K
Total liabilitiesLn 26$0
Total net assetsLn 32$41K
Months of cash on handcomputed2.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $41K · Operating expenses/yr $198K
2.5 months
Where the money goes
Program services
Program services $195K · Total expenses $198K
98%
Management & General
Management & general $3K · Total expenses $198K
2%
Fundraising
Fundraising $0 · Total expenses $198K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $344K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $225K · Total revenue $225K
100%
Government reliance
Government grants — · Total revenue $225K
Earned-income share
Program service revenue $0 · Total revenue $225K
0%
Investment reliance
Investment income $0 · Total revenue $225K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $198K
0%
Growth & trend
Revenue growth (YoY)
This year $225K · Prior year $370K
-39%
Revenue CAGR
FY2020 $240K · FY2024 $225K
-2%
Net-asset trend (YoY)
End of year $41K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $225K · Expenses $198K
+12%
Liabilities-to-Assets
Total liabilities — · Total assets $41K
Net-asset ratio
Net assets $41K · Total assets $41K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $41K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mark Josefovic · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $198K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $198K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth -39%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 16 grants · $1.5M · 2020–2024
Unitemized GrantFY2024$186,495
Yeshiva Orchos Chaim INCNJ · FY2024$5,500
Unitemized GrantFY2023$389,038
Yeshiva Orchos Chaim INCNJ · FY2023$8,500
Unitemized GrantFY2022$350,385
Bnei Avrohom Society INCNJ · FY2022$12,000
The Special Children CenterNJ · FY2022$10,000
Nesivos INCNJ · FY2022$10,000
Yeshiva Orchos Chaim INCNJ · FY2022$8,500
Special Kids Fund INCNJ · FY2022$7,500
Unitemized GrantFY2021$208,426
Yeshiva Orchos Chaim INCNJ · FY2021$15,864
Unitemized GrantFY2020$233,628

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$225K revenue · viewing · ⤓ 990 PDF
FY2023$370K revenue · ⤓ 990 PDF
FY2022$437K revenue · ⤓ 990 PDF
FY2021$288K revenue · ⤓ 990 PDF
FY2020$240K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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