JOHN P SALAMONE MEMORIAL FOUNDATION
BASKING RIDGE,
New Jersey,
07920
EIN: 02-0577343
Educational Institutions and Related Activities
DEMOGRAPHIC
ADDRESS
14 OXBOW LN
07920
COUNTY
somerset county, NJ
IN CARE OF NAME
BENEDICT SALAMONE
ORGANIZATIONAL OVERVIEW & RANKINGS
JOHN P SALAMONE MEMORIAL FOUNDATION is a based in BASKING RIDGE, NJ, focused on Educational Institutions and Related Activities causes , specifically Scholarships, Student Financial Aid Services, Awards. Established in July 2002, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $393,083.00, this ranks 322,749 among 2,656,690 nonprofits nationally (Top 13%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 8,544 out of 72,131 organizations in NJ (Top 12%).
In somerset county, NJ, the organization ranks 406 out of 2,812 nonprofits by assets (Top 15%), while locally in basking ridge, it stands at 40 among 264 organizations (Top 14%).
The organization reported annual revenue of $29,108.00, ranking 542,962 nationally (Top 21%) and 15,084 in NJ (Top 21%).
Within its specific NTEE classification (B82 - B: Educational Institutions and Related Activities), which includes 31,922 similar organizations, JOHN P SALAMONE MEMORIAL FOUNDATION ranks 3,303 in assets (Top 11%) and 4,711 in revenue (Top 15%).
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
B: Educational Institutions and Related Activities
NTEE CODE
B82: Scholarships, Student Financial Aid Services, Awards
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
3: $25,000 to $99,999
INCOME AMOUNT
$29,108.00
FORM 990 REVENUE AMOUNT
$29,108.00
RULING DATE
07/2002
ASSET CODE
4: $100,000 to $499,999
ASSET AMOUNT
$393,083.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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