Civic Intelligence

Jetty Rock Foundation Inc.

990 • Fiscal year 2022 • EIN 46-2932152

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 17, 2023

176 E Bay AveManahawkin, NJ 08050

(609) 618-8515

Siviq Scores

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

Liabilities / Assets

100th percentile

1.85x

Higher debt load relative to assets than 100% of similar nonprofits.

2022 filings • NTEE M • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

83rd percentile

1.09x

Higher debt load relative to revenue than 83% of similar nonprofits.

2022 filings • NTEE M • $500k-$1M nonprofits • Source year 2022

Net Margin

7th percentile

-36%

Higher net margin than 7% of similar nonprofits.

2022 filings • NTEE M • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

82nd percentile

$0

Higher top officer pay than 82% of similar nonprofits.

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

2022 filings • NTEE M • $500k-$1M nonprofits • Source year 2022

Asset Growth

1st percentile

-40%

Faster asset growth than 1% of similar nonprofits.

2022 filings • NTEE M • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

94th percentile

104%

Faster revenue growth than 94% of similar nonprofits.

2022 filings • NTEE M • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$237,661

Down $160,301 (-40%) from 2021

Net Assets

Down

-$203,014

Down $144,776 (-249%) from 2021

Liabilities

Down

$440,675

Down $15,525 (-3.4%) from 2021

Revenue

Up

$404,018

Up $205,556 (+104%) from 2021

Expenses

Up

$548,794

Up $267,768 (+95%) from 2021

Net Income

Down

-$144,776

Down $62,212 (-75%) from 2021

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

2022

Assets$237,661
Liabilities$440,675
Net Assets-$203,014

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

2022

Revenue$404,018
Expenses$548,794
Net Income-$144,776
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 17, 2023
Return Version
2022v5.0
Gross Receipts
$574,615
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$397,962$232,661▼ $165,301
Accounts Receivable-$5,000-
Savings and Temporary Cash Investments-$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-$0-
Rtn Earn Endowment Incm Other Fnds$-58,238$-203,014▼ $144,776
Total Assets$397,962$237,661▼ $160,301
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$456,200$440,643▼ $15,557
Accounts Payable and Accrued Expenses-$32-
Total Liabilities$456,200$440,675▼ $15,525
Net Assets / Fund Balance
Total Net Assets Fund Balance$-58,238$-203,014▼ $144,776
Total Liabilities and Net Assets / Fund Balance$397,962$237,661▼ $160,301
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$386,870
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$17,148
All Other Contributions
$129,251
Change in Net Assets
$-144,776
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$319,580
Other Expenses$229,214
Total Fundraising Expense$70,190
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$209,395--$209,395
Grants to Domestic Orgs$110,185--$110,185
Advertising$29,242-$9,747$38,989
Interest$21,335-$7,112$28,447
Fees for Services Legal-$22,886-$22,886
Occupancy$2,849$1,899$14,246$18,994
Other Expenses$1,964$8,761$30,324$1,964
Total Functional Expenses$445,058$33,546$70,190$548,794
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Parsons Oyster Reef RecoveryTuckerton, NJ-Environmental$75,261
Davids Dream & Believe CanceManahawkin, NJ-Community Grant$34,924
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$187,745
Fundraising Direct Expenses$170,597
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Hop Sauce$152,006$32,733$104,975$-72,242
Coquina Jam$129,215$22,586$19,987$2,599
Total Events$445,364$187,745$170,597$17,148
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, Section A, Line 2

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, Section B, Line 11B

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

Form 990, Part VI, Section B, Line 12C

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, Section B, Line 15A

Not applicable. No individuals are compensated.

Form 990, Part VI, Section B, Line 15B

Not applicable. No individuals are compensated.

Form 990, Part VI, Section C, Line 19

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
176 E BAY AVE, MANAHAWKIN, NJ 08050

Signing Officer

Name
Jeremy Defilippis
Title
Treasurer
Signed
2023-10-17
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
1
Volunteers
100

Preparer

Firm
Cullari Carrico LLC
Address
55 LANE ROAD SUITE 300, FAIRFIELD, NJ 07004
Preparer
Robert J Valas
Phone
9734063955
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt058725
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt068500
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0318764
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0724605
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.41830
IRS990ScheduleA/PublicSupportPY170Pct00.33240
IRS990ScheduleA/PublicSupportTotal170Amt0521164
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0124295
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0143175
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt037419
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0141279
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt074996
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0521164
IRS990ScheduleA/TotalSupportAmt01245769
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0257619
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0119273
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt0106629
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt031717
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0170597
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0HOP SAUCE
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0COQUINA JAM
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0152006
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0129215
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt0164143
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0445364
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt032733
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt022586
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt0132426
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0187745
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt017148
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt045635
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0170597
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0104975
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt019987
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt04
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0209395
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0COMMUNITY AND EDUCATION
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt042
IRS990ScheduleI/RecipientTable/CashGrantAmt034924
IRS990ScheduleI/RecipientTable/CashGrantAmt175261
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, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
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/AddressLine1Txt0176 E BAY AVE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0MANAHAWKIN
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd008050
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0397962
IRS990/TotalAssetsEOYAmt0237661
IRS990/TotalAssetsGrp/BOYAmt0397962
IRS990/TotalAssetsGrp/EOYAmt0237661
IRS990/TotalCompGreaterThan150KInd0false

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