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Nonprofit · EIN 22-1811616

BAYONNE ECONOMIC OPPORTUNITY FOUNDATION

Tax-exempt · BAYONNE, NJ 07002

Financials

$4.7M$5.3M2023$5.4M$5.5M2024
Revenue Expenses · by fiscal year end
Financials of BAYONNE ECONOMIC OPPORTUNITY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
January 31, 2025990$5,402,463$5,482,179-$79,716$2,483,980$1,490,116$993,864
January 31, 2024990$4,686,583$5,259,517-$572,934$2,459,835$1,386,255$1,073,580
Financial details: 990 for the year ended January 31, 2025

Revenue

Contributions, gifts and grants
$5,159,190
of which government grants
$5,101,593
Program service revenue
$220,000
Investment income
$14,955
Net gain from sales of assets
$10,000
Other revenue
$8,318

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$303,185
Salaries, compensation and benefits (total)
$3,944,599
Professional fundraising fees
$0
Legal fees
$23,709
Accounting fees
$38,600
Occupancy
$85,188
Travel
$16,827
Depreciation
$40,660
Program services (functional)
$4,492,653
Management and general (functional)
$983,725
Fundraising (functional)
$5,801

Balance sheet and other

Total assets, start of year
$2,459,835
Total assets, end of year
$2,483,980
Total liabilities, end of year
$1,490,116
Net assets, end of year
$993,864
Land, buildings and equipment
$330,675
Net assets without donor restrictions
$749,104
Net assets with donor restrictions
$244,760
Gross receipts
$5,402,463
Employees
81
Volunteers
420
Year formed
1965
State of legal domicile
NJ

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended January 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
SAMANTHA HOWARDED TO 9/15/24
Officer
37.5$134,563$121,156
ANTHONY SEGARRAED FR 9/16/24
Officer
37.5$173,381$45,455
MICHELLE E BYRDCHAIRMAN
Trustee or director, Officer
1$0$0
DENISE DORANSVICE CHAIRMAN
Trustee or director, Officer
1$0$0
CHESTER BANKSTREASURER
Trustee or director, Officer
1$0$0
JACKIE FARBERSECRETARY
Trustee or director, Officer
1$0$0
KENNETH POESLTRUSTEE
Trustee or director
1$0$0
HENRY PEREZTRUSTEE
Trustee or director
1$0$0
BARBARA PELLICCIOTRUSTEE
Trustee or director
1$0$0
THOMAS COUGHLINTRUSTEE
Trustee or director
1$0$0
JASMIN CARRILIOTRUSTEE
Trustee or director
1$0$0
990 for the year ended January 31, 2024: 11 people
NameTitleHours / weekCompensationOther / benefits
SAMANTHA HOWARDEXECUTIVE DIRECTOR
Officer
37.5$184,305$15,950
ANTHONY SEGARRACHIEF FINANCIAL OFFICER
Officer
37.5$160,932$33,006
MICHELLE E BYRDCHAIRMAN
Trustee or director, Officer
1$0$0
DENISE DORANSVICE CHAIRMAN
Trustee or director, Officer
1$0$0
CHESTER BANKSTREASURER
Trustee or director, Officer
1$0$0
KENNETH POESLTRUSTEE
Trustee or director
1$0$0
HENRY PEREZTRUSTEE
Trustee or director
1$0$0
BARBARA PELLICCIOTRUSTEE
Trustee or director
1$0$0
JACKIE FARBERTRUSTEE
Trustee or director
1$0$0
THOMAS COUGHLINTRUSTEE
Trustee or director
1$0$0
JASMIN CARRILIOTRUSTEE
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
555 JOHN F KENNEDY BLVD, BAYONNE, NJ 07002-0000
Principal officer (990 for 2024)
MICHELLE E BYRD, 555 KENNEDY BLVD, BAYONNE, NJ 07002
Signed the 990
MICHELLE E BYRD, CHAIRMAN
Phone
(201) 437-7222
Return prepared by
HILL BARTH & KING LLC

Mission

TO PROVIDE PROGRAMS GEARED PRIMARILY FOR LOW-INCOME CITIZENS, SENIOR CITIZENS AND HANDICAPPED RESIDENTS OF BAYONNE, NJ.

990 for the year ended January 31, 2025

Program accomplishments

  • TO EMPOWER FAMILIES AND NURTURE AND EDUCATE YOUNG CHILDREN BETWEEN THE AGES OF 3 AND 5. THE PROGRAM IS A COMPREHENSIVE MEDICAL, DENTAL, PSYCHOLOGICAL, NUTRITIONAL AS WELL AS EDUCATIONAL PROGRAM. IT FOSTERS PARENT ENGAGEMENT ENCOURAGING PARENTS TO BE INVOLVED IN THE PROGRAM. BEOF HEAD START PARTNERS WITH COMMUNITIES OF UNDERPRIVILEGED CHILDREN IN BAYONNE, NJ. THE PROGRAM INCORPORATES THE HIGH SCOPE CURRICULUM THAT PROMOTES SCHOOL READINESS. TO ADDRESS THE NEEDS OF SPECIAL NEEDS CHILDREN, THE BEOF OFFERS AN ON-SITE INCLUSION PROGRAM IN COOPERATION WITH THE BAYONNE BOARD OF EDUCATION. DURING THE 2024-25 SCHOOL YEAR THERE WERE 137 CHILDREN ENROLLED IN THE HEAD START PROGRAM, INCLUDING 6 CHILDREN WITH DISABILITIES. DURING THE YEAR THE PROGRAM RECEIVED $566,645 IN IN-KIND SUPPORT, INCLUDING RENT FROM BAYONNE CITY AND VARIOUS CONTRIBUTED EDUCATIONAL AND PROFESSIONAL SERVICES.
    Expenses $2,302,512 · revenue $8,318
  • TO PROVIDE ASSISTANCE TO LOW-INCOME INDIVIDUALS AND FAMILIES IN NEED. SOME OF THE OTHER SERVICES OFFERED TO ELIGIBLE RESIDENTS OF BAYONNE CITY INCLUDE: WEATHERIZATION ASSISTANCE, ENERGY ASSISTANCE, NUTRITIOUS MEALS SERVED AT TWO NUTRITION SITES, MEALS-ON-WHEELS, TRANSPORTATION FOR ELDERLY AND/OR HANDICAPPED RESIDENTS, HOMELESS PREVENTION, FAIR HOUSING, AND COMMUNITY OUTREACH. DURING THE YEAR THE PROGRAM RECEIVED $988,309 IN IN-KIND SUPPORT
    Expenses $1,970,141
  • ADMINISTER AND FACILITATE THE CITY OF BAYONNE'S COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM.PROVIDING A ZERO INTEREST DEFERRED LOAN FOR LOW TO MODERATE INCOME HOME OWNERS TO MAKE CODE, HEALTH AND SAFETY REPAIRS TO OWNER OCCUPIED HOUSES.THE MAJORITY OF THE HOMES IN BAYONNE ARE MORE THAN 50 YEARS OLD, THIS BENEFICIAL SERVICE IS AN INVESTMENT HOME AND THE CITY SAFER AS WELL AS SUCCESSFULLY PROVIDING A BETTER QUALITY OF LIFE.
    Expenses $220,000 · revenue $220,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in January, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025January 31, 2026June 15, 2026Not on file
2024January 31, 2025June 16, 2025990 on file
2023January 31, 2024June 17, 2024990 on file

IRS record

EIN
22-1811616
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1966
Accounting year ends
January
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P200)
Assets (IRS master file)
$2,483,980
Income (IRS master file)
$5,402,463

Filing history

FormYear endedRevenueExpensesAssetsReturn
990January 2025$5,402,463$5,482,179$2,483,980XML
990January 2024$4,686,583$5,259,517$2,459,835XML
990January 2023$5,319,829$4,589,622$2,337,792IRS
990January 2022–––IRS
990January 2021–––IRS
990January 2020–––IRS
990January 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-1811616).

Questions about BAYONNE ECONOMIC OPPORTUNITY FOUNDATION

What is the EIN of BAYONNE ECONOMIC OPPORTUNITY FOUNDATION?
The employer identification number (EIN) of BAYONNE ECONOMIC OPPORTUNITY FOUNDATION is 22-1811616.
Is BAYONNE ECONOMIC OPPORTUNITY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1966.
Are donations to BAYONNE ECONOMIC OPPORTUNITY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BAYONNE ECONOMIC OPPORTUNITY FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of BAYONNE ECONOMIC OPPORTUNITY FOUNDATION due?
The return for tax year 2025 (the year ending January 31, 2026) is due June 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BAYONNE ECONOMIC OPPORTUNITY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended January 2025.
Who is the principal officer of BAYONNE ECONOMIC OPPORTUNITY FOUNDATION?
The 990 for the year ended January 31, 2025 names MICHELLE E BYRD.
Who are the officers and directors of BAYONNE ECONOMIC OPPORTUNITY FOUNDATION?
The 990 for the year ended January 31, 2025 lists 11 people; 2 received compensation from the organization, the highest $134,563 (SAMANTHA HOWARD, ED TO 9/15/24).
How much revenue does BAYONNE ECONOMIC OPPORTUNITY FOUNDATION have?
On its 990 for the year ended January 31, 2025 it reported revenue of $5,402,463, expenses of $5,482,179 and total assets of $2,483,980 at year end.

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