JOEY BELLA FUND INC
Mission Statement
Every penny we receive goes towards helping other families. The Joey Bella Memorial Fund is an all-volunteer organization. No one on our board or staff receive any financial compensation. So you can rest assured that every donation you send will be used in its entirety to help other families in need. Since its inception, The Joey Bella Memorial Fund has helped over 50 families in and around the Denville area who needed assistance covering the health care and related expenses of a seriously ill child. In addition to financial support, we also work with families to help them obtain assistance through the New Jersey Children’s Catastrophic Illness Act. How we got started. Learning that a child is suffering from a life-threatening illness is surely the darkest day in any parent’s life. The feeling of helplessness. The desperation. It’s an emotional rollercoaster ride even without the added stress of trying to figure out how to pay for treatment. Hundreds of parents find themselves in this situation every day. Just like Joey Bella’s parents did in 1986 when he was diagnosed with Acute Lymphatic Leukemia. Friends and family helped raise money for a bone marrow transplant for Joey. However, sadly, he passed away before the transplant was possible. Because of their intimate understanding of what families of gravely ill children go through, the Bella family and friends decided to establish The Joey Bella Memorial Fund. Their goal was to provide financial assistance and emotional support to other families in the Denville area who find themselves trying to cope with caring for a seriously ill child. see our webpage at joeybella.org
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
80.2% | 81.7% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
17.7% | 10.9% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
2.1% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
2.9% | 30.8% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
318.0 mo | 26.5 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
50.1% | 99.9% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
44.6% | 0.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-39.6% | -2.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
32.0% | 16.6% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $77K | $53K | $1.4M | 80.2% | 0 |
| 2023 | $54K | $87K | $1.2M | 90.0% | 0 |
| 2022 | $77K | $57K | $1.2M | 89.2% | 0 |
| 2021 | $90K | $29K | N/A | — | 0 |
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