Civic Intelligence

Jetty Rock Foundation Inc.

990 • Fiscal year 2021 • EIN 46-2932152

Jan 01, 2021 to Dec 31, 2021 • Filed on Jan 14, 2022

509 N Main Street 3Manahawkin, NJ 08050

(609) 618-8515

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

97th percentile

1.15x

Higher debt load relative to assets than 97% of similar nonprofits.

2021 filings • NTEE M • <$500k nonprofits • Source year 2021

Liabilities / Revenue

96th percentile

2.30x

Higher debt load relative to revenue than 96% of similar nonprofits.

2021 filings • NTEE M • <$500k nonprofits • Source year 2021

Net Margin

10th percentile

-42%

Higher net margin than 10% of similar nonprofits.

2021 filings • NTEE M • <$500k nonprofits • Source year 2021

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • NTEE M • <$500k nonprofits • Source year 2021

Asset Growth

98th percentile

188%

Faster asset growth than 98% of similar nonprofits.

2021 filings • NTEE M • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

57th percentile

15%

Faster revenue growth than 57% of similar nonprofits.

2021 filings • NTEE M • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$397,962

Up $259,636 (+188%) from 2020

Net Assets

Down

-$58,238

Down $82,564 (-339%) from 2020

Liabilities

Up

$456,200

Up $342,200 (+300%) from 2020

Revenue

Up

$198,462

Up $25,218 (+15%) from 2020

Expenses

Up

$281,026

Up $44,147 (+19%) from 2020

Net Income

Down

-$82,564

Down $18,929 (-30%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0-$200K-$400KAssets 2013: $24,299Liabilities 2013: $02013Assets 2014: $34,944Net Assets 2014: $34,9442014Assets 2016: $49,660Liabilities 2016: $0Net Assets 2016: $49,6602016Assets 2017: $50,536Liabilities 2017: $0Net Assets 2017: $50,5362017Assets 2018: $57,585Liabilities 2018: $0Net Assets 2018: $57,5852018Assets 2019: $87,961Liabilities 2019: $0Net Assets 2019: $87,9612019Assets 2020: $138,326Liabilities 2020: $114,000Net Assets 2020: $24,3262020Assets 2021: $397,962Liabilities 2021: $456,200Net Assets 2021: -$58,2382021Assets 2022: $237,661Liabilities 2022: $440,675Net Assets 2022: -$203,0142022Assets 2023: $269,301Liabilities 2023: $446,528Net Assets 2023: -$177,2272023Assets 2024: $255,836Liabilities 2024: $431,983Net Assets 2024: -$176,1472024

Highlighted filing

2021

Assets$397,962
Liabilities$456,200
Net Assets-$58,238

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2013: $98,067Expenses 2013: $73,768Net Income 2013: $24,2992013Revenue 2014: $62,143Expenses 2014: $51,498Net Income 2014: $10,6452014Revenue 2016: $299,146Expenses 2016: $297,966Net Income 2016: $1,1802016Revenue 2017: $349,414Expenses 2017: $334,696Net Income 2017: $14,7182017Revenue 2018: $393,760Expenses 2018: $376,852Net Income 2018: $16,9082018Revenue 2019: $489,228Expenses 2019: $426,159Net Income 2019: $63,0692019Revenue 2020: $173,244Expenses 2020: $236,879Net Income 2020: -$63,6352020Revenue 2021: $198,462Expenses 2021: $281,026Net Income 2021: -$82,5642021Revenue 2022: $404,018Expenses 2022: $548,794Net Income 2022: -$144,7762022Revenue 2023: $499,587Expenses 2023: $473,800Net Income 2023: $25,7872023Revenue 2024: $494,911Expenses 2024: $493,831Net Income 2024: $1,0802024

Highlighted filing

2021

Revenue$198,462
Expenses$281,026
Net Income-$82,564
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jan 14, 2022
Return Version
2021v4.0
Gross Receipts
$234,046
Mission and Program Overview

Mission

The Jetty Rock Foundation runs 4 major events, focuses on the youth future leaders of our community, and also creates a safety net for those within the community that fall down and need assistance. In many cases we help Cancer patients since the disease is so widespread, but we also pay attention to hunger, environmental, and educational issues.

To protect our oceans and waterways, and support those who build their lives around them.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$138,326$397,962▲ $259,636
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Rtn Earn Endowment Incm Other Fnds$24,326$-58,238▼ $82,564
Total Assets$138,326$397,962▲ $259,636
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$114,000$456,200▲ $342,200
Total Liabilities$114,000$456,200▲ $342,200
Net Assets / Fund Balance
Total Net Assets Fund Balance$24,326$-58,238▼ $82,564
Total Liabilities and Net Assets / Fund Balance$138,326$397,962▲ $259,636
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$143,175
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$55,287
All Other Contributions
$48,111
Change in Net Assets
$-82,564
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$200,673
Other Expenses$80,353
Total Fundraising Expense$33,492
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$136,561--$136,561
Grants to Domestic Orgs$64,112--$64,112
Advertising$31,768-$10,589$42,357
Occupancy$2,738$1,825$13,688$18,251
Insurance$2,448$1,206-$3,654
Fees for Services Other-$759-$759
Office Expenses-$406$200$606
Other Expenses$47$70$350$467
Total Functional Expenses$243,006$4,528$33,492$281,026
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Davids Dream & Believe CanceManahawkin, NJ-Community Grant$30,625
Parsons Oyster Reef RecoveryTuckerton, NJ-Environmental$15,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$90,871
Fundraising Direct Expenses$35,584
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
CRABBIN' FOR A CURE$34,455$28,596$9,968$18,628
Coquina Jam$88,465$7,418$11,024$-3,606
Total Events$185,935$90,871$35,584$55,287
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

A father/ son relationship exists between two of the board members.two of the board members are brothers.an uncle/ nephew relationship exists between two of the board members.

Form 990, Part VI, Line 11B: Form 990 Review Process

The board receives a copy of the form 990 before it is filed.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members are asked to consider an ongoing evaluation of conflicts of interest and bring them to an officers attention if conflicts arise.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Not applicable. No individuals are compensated.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Not applicable. No individuals are compensated.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, policies and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Jetty Rock Foundation Inc
EIN
46-2932152
Phone
6096188515
Address
509 N MAIN STREET 3, MANAHAWKIN, NJ 08050

Signing Officer

Name
Jeremy Defilippis
Title
Treasurer
Signed
2022-01-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Schratz
Formed
2014
Legal Domicile
Nj
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
100

Preparer

Firm
Cullari Carrico LLC
Address
55 Lane Road Ste 300, Fairfield, NJ 07004
Preparer
Jason Cullari
Phone
9734063955
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt090871
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt058725
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt068500
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0318764
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0319787
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0856647
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.33240
IRS990ScheduleA/PublicSupportPY170Pct00.27730
IRS990ScheduleA/PublicSupportTotal170Amt0426496
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0143175
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt037419
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0141279
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt074996
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt029627
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0426496
IRS990ScheduleA/TotalSupportAmt01283143
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt095064
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt081047
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt05859
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt08158
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt035584
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0COQUINA JAM
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0CRABBIN' FOR A CURE
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt088465
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt034455
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt063015
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0185935
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt07418
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt028596
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt054857
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt090871
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt055287
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt014592
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt035584
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt011024
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt09968
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt06
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0136561
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0COMMUNITY AND EDUCATION
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt042
IRS990ScheduleI/RecipientTable/CashGrantAmt030625
IRS990ScheduleI/RecipientTable/CashGrantAmt115000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0COMMUNITY GRANT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1ENVIRONMENTAL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0DAVIDS DREAM & BELIEVE CANCE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1PARSONS OYSTER REEF RECOVERY
IRS990ScheduleI/RecipientTable/RecipientEIN0273314182
IRS990ScheduleI/RecipientTable/RecipientEIN1834222769
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0102 E BAY AVE STE A
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1468 S GREEN ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MANAHAWKIN
IRS990ScheduleI/RecipientTable/USAddress/CityNm1TUCKERTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NJ
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd008050
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd108087
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A FATHER/ SON RELATIONSHIP EXISTS BETWEEN TWO OF THE BOARD MEMBERS.TWO OF THE BOARD MEMBERS ARE BROTHERS.AN UNCLE/ NEPHEW RELATIONSHIP EXISTS BETWEEN TWO OF THE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD RECEIVES A COPY OF THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE ASKED TO CONSIDER AN ONGOING EVALUATION OF CONFLICTS OF INTEREST AND BRING THEM TO AN OFFICERS ATTENTION IF CONFLICTS ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NOT APPLICABLE. NO INDIVIDUALS ARE COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NOT APPLICABLE. NO INDIVIDUALS ARE COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0200076691
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0APPAREL DESIGNER
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0JETTY LIFE LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0509 N MAIN STREET UNIT 3
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0MANAHAWKIN
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd008050
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt06000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0p
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false

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