Small Public Charity

SOUTHMOUNT FOUNDATION INC

Based in SOUTH ORANGE, NJ, SOUTHMOUNT FOUNDATION INC operates as a Small Public Charity. The organization reported $132K in revenue, $123K in expenses, $341K in total assets for fiscal year 2024. Imperigo tracks 9 reported grant relationships connected to this organization totaling approximately $253K.

EIN: 223146708 SOUTH ORANGE, NJ Latest filing: 2024
Total Revenue$132K
Total Expenses$123K
Total Assets$341K
Grant Records9
Funding Total$253K
Filing Years2019–2024

Mission

SOUTHMOUNT FOUNDATION INC HELPS YOUNG MEN DEVELOP THE VALUES, SKILLS, AND ATTITUDES NECESSARY TO BE EFFECTIVE IN COLLEGE AND LATER ON AS FATHERS, PROFESSIONALS, AND CITIZENS. ITS ACTIVITIES PUT A PARTICULAR EMPHASIS ON DEVELOPING S STRONG CHARACTER, FORMING TRUE FRIENDSHIPS AND LEARNINGS THE VALUE OF HARD WORK.

Officers & Directors

DIRECTOR Anthony Mccarthy
DIRECTOR David O'brien
PRESIDENT Donald Rasmusson
TREASURER Ernesto Dolores
DIRECTOR John Coverdale
SECRETARY Justin Mahon

Officer compensation and complete director data available with membership.

Top Grant Purposes

Operations.
$102,263 1 grant
operations
$88,600 3 grants
FOR RECIPIENT'S EXEMPT PURPOSE
$19,712 1 grant
Unrestricted
$15,000 1 grant
$8,400 for operations and $3,179 for renovation of physical plant.
$11,579 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $132K $123K $341K
2023 $113K $132K $336K
2022 $127K $135K $352K
2020 $278K $283K $516K
2019 $305K $290K $506K

Between 2019 and 2024, reported annual revenue declined from $305K to $132K (-57%), with total assets most recently reported at $341K.

Interactive year-over-year charts and full filing details available with membership.

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