Form 990 for tax year 2023
Filed by LINCOLN PARK COAST CULTURAL DISTRICT INC.
What the amendment changed
Compared with the return it replaced , filed 15 November 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
- Total revenue
- $1,057,419 changed to $1,070,923
- Total expenses
- $1,082,867 changed to $1,177,324
- Contributions and grants received
- $1,033,197 changed to $1,037,668
- Program service revenue
- $24,222 changed to $0
- Other revenue
- $0 changed to $33,255
- Total assets, end of year
- $2,153,151 changed to $2,138,968
- Total liabilities, end of year
- $809,548 changed to $876,318
- Net assets or fund balances, end of year
- $1,343,603 changed to $1,262,650
- Program services expenses
- $866,294 changed to $941,859
- Management and general expenses
- $162,430 changed to $176,599
- Fundraising expenses
- $54,143 changed to $58,866
- Program service expenses (Part III)
- $866,294 changed to $941,859
Totals
- Total revenue
- $1,070,923
- Total expenses
- $1,177,324
- Contributions and grants received
- $1,037,668
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $33,255
- Total assets, end of year
- $2,138,968
- Total liabilities, end of year
- $876,318
- Net assets or fund balances, end of year
- $1,262,650
- Program services expenses (Part IX)
- $941,859
- Management and general expenses
- $176,599
- Fundraising expenses
- $58,866
- Program service expenses (Part III)
- $941,859
Program services were 80.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$386,792
-
1f · All other contributions, gifts and grants
$650,876
-
2a · Program service revenue: MUSIC FESTIVAL
total $0 · unrelated business $0 · excluded $0
-
11a · Other revenue: OTHER INCOME
total $33,255 · related or exempt $33,255 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$33,255
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $129,353 · program services $103,483 · management and general $19,920 · fundraising $5,950
-
7 · Other salaries and wages
total $194,226 · program services $155,380 · management and general $28,617 · fundraising $10,229
-
9 · Other employee benefits
total $47,579 · program services $38,063 · management and general $7,137 · fundraising $2,379
-
10 · Payroll taxes
total $31,056 · program services $24,845 · management and general $4,658 · fundraising $1,553
-
11c · Fees: accounting
total $12,500 · program services $0 · management and general $12,500 · fundraising $0
-
11g · Fees: other
total $478,315 · program services $392,652 · management and general $61,122 · fundraising $24,541
-
14 · Information technology
total $13,040 · program services $10,432 · management and general $1,956 · fundraising $652
-
19 · Conferences, conventions and meetings
total $2,774 · program services $2,219 · management and general $416 · fundraising $139
-
20 · Interest
total $34,372 · program services $27,497 · management and general $5,156 · fundraising $1,719
-
23 · Insurance
total $13,981 · program services $11,185 · management and general $2,097 · fundraising $699
-
24a · Other expenses: PROGRAM EXPENSES
total $30,827 · program services $24,662 · management and general $4,624 · fundraising $1,541
-
24b · Other expenses: SUPPLIES & OFFICE EXPENSES
total $18,428 · program services $14,743 · management and general $2,764 · fundraising $921
-
24c · Other expenses: SELLING AND ADVERTISING
total $56,198 · program services $44,958 · management and general $8,430 · fundraising $2,810
-
24d · Other expenses: MAINTENANCE AND REPAIRS
total $44,907 · program services $35,925 · management and general $6,737 · fundraising $2,245
-
24e · All other expenses
total $69,768 · program services $55,815 · management and general $10,465 · fundraising $3,488
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $12,578 · end of year -$12,990
-
10a · Land, buildings and equipment: cost or other basis
$2,196,831
-
10b · Land, buildings and equipment: accumulated depreciation
$44,873
-
10c · Land, buildings and equipment, net
beginning of year $2,140,000 · end of year $2,151,958
-
17 · Accounts payable and accrued expenses
beginning of year $284,027 · end of year $342,013
-
23 · Secured mortgages and notes payable
beginning of year $499,500 · end of year $514,305
-
25 · Other liabilities
beginning of year $0 · end of year $20,000
-
27 · Net assets without donor restrictions
beginning of year -$520,949 · end of year -$877,350
-
28 · Net assets with donor restrictions
beginning of year $1,890,000 · end of year $2,140,000
Mission and programs · 2023
Mission
THE MISSION OF THE ORGANIZATION IS TO PLAN, DESIGN AND DEVELOP A COMPREHENSIVE CULTURAL AND ARTS DISTRICT IN THE LINCOLN PARK COAST AREA OF THE CITY OF NEWARK. THE MUSIC FESTIVAL CONDUCTED IN THE SUMMER IS THE MOST SIGNIFICANT ACTIVITY.
-
BLENDING ARTS, CULTURAL PLANNING AND EVENT PROGRAMMING WITH COMMUNITY ECONOMIC DEVELOPMENT.
Expenses $941,859
As filed on the 2023 return.
Listed in Part VII
-
Anthony SchumanANTHONY SCHUMAN
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Jorge SantosJORGE SANTOS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Tisa RountreeTISA ROUNTREE
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Charles ThomasCHARLES THOMAS
BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Theresa Hooper MarshallTHERESA HOOPER MARSHALL
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Antoinette RichardsonANTOINETTE RICHARDSON
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Renee FosterRENEE FOSTER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Arturo OsorioARTURO OSORIO
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sylvia AlstonSYLVIA ALSTON
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rev Fred Sullivan IIIREV FRED SULLIVAN III
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Anthony R SmithANTHONY R SMITH
EXECUTIVE DIRECTOR
- Total calculated
- $146,838
- From this org
- $129,353
- From related orgs
- $0
- Other
- $17,485
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
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LINCOLN PARK REDEVELOPMENT LLC
HOUSING · NJ · controlled entity
Directly controlled by LINCOLN PARK COAST CULTURAL DISTRICT
-
LINCOLN PARK - CAPC LLC
HOUSING · NJ · controlled entity
Directly controlled by LINCOLN PARK COAST CULTURAL DISTRICT
-
LINCOLN PARK LIHTC LLC
HOUSING · NJ
Directly controlled by LINCOLN PARK COAST CULTURAL DISTRICT
-
LINCOLN PARK MANAGER MEMBER LLC
HOUSING · NJ
Directly controlled by LINCOLN PARK COAST CULTURAL DISTRICT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v6.0
- Source object
- 202600649349300700
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