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Bayonne Economic Opportunity Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 221811616 ✦ Bayonne, NJ ✦ Designated as a 501(c)(3)

Overview

What is Bayonne Economic Opportunity Foundation?

Bayonne Economic Opportunity Foundation is a nonprofit organization located in Bayonne, New Jersey, with a focus on empowering families and supporting young children between the ages of 3 and 5. Their comprehensive program encompasses medical, dental, psychological, nutritional, and educational services. The foundation collaborates with underprivileged communities in Bayonne, ensuring that the needs of special needs children are addressed through an on-site inclusion program in collaboration with the Bayonne Board of Education. During the 2022-23 academic year, the Head Start program, a key component of their services, had 104 enrolled children, including 11 with disabilities. The foundation received $428,519 in in-kind support during the year, including contributions from Bayonne City and various educational and professional services. Beyond Head Start, the foundation offers various programs to assist low-income citizens, senior citizens, and handicapped residents in Bayonne, such as nutrition, meals on wheels, weatherization, transportation, and community outreach.


Official website here: www.beof.org

Is Bayonne Economic Opportunity Foundation legitimate?

Bayonne Economic Opportunity Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bayonne Economic Opportunity Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $330,315
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,210,343

For more financial information, click here


Official website here: www.beof.org

What is the mission statement of Bayonne Economic Opportunity Foundation?

The Bayonne Economic Opportunity Foundation's mission is centered around providing assistance to low-income citizens, senior citizens, and individuals with disabilities. They accomplish this through various programs, such as Head Start, nutrition services, Meals on Wheels, weatherization, transportation, and community outreach. The organization's main objective is to create programs primarily designed for these specific demographics, aiming to empower and support them. In particular, the Head Start program, a comprehensive initiative, focuses on nurturing and educating young children between the ages of 3 and 5. This program addresses the needs of special needs children through an on-site inclusion program in collaboration with the local education board. During the 2022-23 academic year, the Head Start program had 104 enrolled children, including 11 with disabilities. The program also received significant support in the form of in-kind contributions, including rent from the city and various educational and professional services.


Official website here: www.beof.org

Who is the CEO of Bayonne Economic Opportunity Foundation?

Michelle E Byrd is the Chairman of Bayonne Economic Opportunity Foundation.


Official website here: www.beof.org

What is the revenue of Bayonne Economic Opportunity Foundation?

Bayonne Economic Opportunity Foundation's revenue in 2023 was $5,319,829.


Official website here: www.beof.org

Who are the executives of Bayonne Economic Opportunity Foundation and what are their salaries?

The average compensation at Bayonne Economic Opportunity Foundation during 2023 was $33,875. There are 75 employees and 72 volunteers at Bayonne Economic Opportunity Foundation.

Here are 11 key members and their salaries:

    Samantha Howard (Executive Director)
  • Compensation: $183,104
  • Related: $0
  • Other: $33,006

    • Anthony Segarra (Chief Financial Officer)
  • Compensation: $147,211
  • Related: $0
  • Other: $15,950

    • Anthony Timpanaro (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barbara Pelliccio (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Denise Dorans (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nalleli Willmore (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kenneth Poesl (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michelle E Byrd (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chester Banks (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shaniqua Borders (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Henry Perez (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.beof.org

    Where can I find the form 990 for Bayonne Economic Opportunity Foundation?

    The Bayonne Economic Opportunity Foundation’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.beof.org

    Learn more at the official website: www.beof.org

    Mission Statement of Bayonne Economic Opportunity Foundation

    Bayonne Economic Opportunity Foundation, a not-for-profit organization, is dedicated to serving low-income citizens, senior citizens, and individuals with disabilities in various capacities. The foundation's primary mission is to offer programs tailored primarily for this demographic, ensuring their well-being and empowerment. Through initiatives such as Head Start, nutrition programs, Meals on Wheels, weatherization, transportation, and community outreach, Bayonne Economic Opportunity Foundation seeks to improve the lives of those in need.

    The organization's Head Start program, in particular, is a comprehensive medical, dental, psychological, nutritional, and educational program designed for young children aged between 3 and 5. By partnering with underprivileged communities in Bayonne, New Jersey, the foundation addresses the needs of special needs children through an on-site inclusion program in collaboration with the Bayonne Board of Education. During the 2022-23 school year, the Head Start program had 104 enrolled children, including 11 with disabilities. Furthermore, the program received substantial in-kind support, including rental assistance from Bayonne City and various contributed educational and professional services, totaling $428,519.

    In summary, Bayonne Economic Opportunity Foundation is committed to supporting low-income citizens, senior citizens, and individuals with disabilities through various programs. Its comprehensive approach to empowering families and nurturing young children between the ages of 3 and 5 is evident in its Head Start program, which offers medical, dental, psychological, nutritional, and educational support to underprivileged children. The organization's mission is achieved through various partnerships and in-kind support, ensuring the well-being and growth of its beneficiaries.

    Impact

    This information is meant to be a general summary of Bayonne Economic Opportunity Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Bayonne Economic Opportunity Foundation provides vital services to low-income citizens, senior citizens, and handicapped residents of Bayonne, NJ. Through programs such as Head Start, nutrition assistance, Meals on Wheels, weatherization, transportation, and community outreach, BEOF has a significant impact on empowering families and nurturing and educating young children aged 3 to 5. The Head Start program offered by BEOF is comprehensive, addressing medical, dental, psychological, nutritional, and educational needs of underprivileged children in Bayonne. Additionally, BEOF collaborates with the Bayonne Board of Education to provide an inclusion program for special needs children.

    In the 2022-23 school year, BEOF Head Start had 104 children enrolled, including 11 children with disabilities. The program received $428,519 in in-kind support, including rent from the city of Bayonne and various contributed educational and professional services. Through its human services focus, BEOF is making a tangible difference in the lives of those in need in the Bayonne community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $409
  • Program Service Revenue: $273,755
  • Gross Receipts: $5,319,829

    • Assets and Liabilities:
  • Total Assets: $2,337,792
  • Total Liabilities: $691,278
  • Net Assets: $1,646,514
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    NUTRITION INCOME

    Revenue

    $262,418

    OTHER PROGRAM REVENUE

    Revenue

    $11,337

    Organization Details

    Founding Year

    1965

    Principal Officer

    Michelle E Byrd

    Main Address

    555 KENNEDY BLVD, BAYONNE, NJ, 07002

    NTEE Category

    Code: P200 - Human services

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