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Nonprofiteer
← GREATER TRENTON INC

Form 990 for tax year 2022

Filed by GREATER TRENTON INC.

Totals

Total revenue
$628,505
Total expenses
$886,306
Contributions and grants received
$446,671
Grants paid
$89,825
Program service revenue
$0
Investment income
$0
Other revenue
$181,834
Total assets, end of year
$1,517,430
Total liabilities, end of year
$280,038
Net assets or fund balances, end of year
$1,237,392
Program services expenses (Part IX)
$680,715
Management and general expenses
$185,372
Fundraising expenses
$20,219
Program service expenses (Part III)
$680,715

Program services were 76.8% 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.

  • 1f · All other contributions, gifts and grants

    $446,671

  • 1g · Noncash contributions included above

    $1,890

  • 8a · Fundraising events: gross income

    $132,792

  • 8b · Fundraising events: direct expenses

    $24,079

  • 8c · Net income from fundraising events

    total $108,713 · excluded $108,713

  • 11a · Other revenue: OTHER INCOME

    total $73,121 · related or exempt $73,121

  • 11e · Other revenue, total

    $73,121

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $89,825 · program services $89,825

  • 7 · Other salaries and wages

    total $486,558 · program services $405,647 · management and general $66,458 · fundraising $14,453

  • 8 · Pension plan contributions

    total $25,452 · program services $21,220 · management and general $3,476 · fundraising $756

  • 9 · Other employee benefits

    total $68,819 · program services $57,375 · management and general $9,400 · fundraising $2,044

  • 10 · Payroll taxes

    total $31,097 · program services $25,925 · management and general $4,248 · fundraising $924

  • 12 · Advertising and promotion

    total $10,490 · program services $10,490

  • 13 · Office expenses

    total $23,123 · program services $19,279 · management and general $3,158 · fundraising $686

  • 17 · Travel

    total $4,565 · program services $3,805 · management and general $624 · fundraising $136

  • 22 · Depreciation, depletion and amortization

    total $9,846 · program services $8,219 · management and general $1,335 · fundraising $292

  • 23 · Insurance

    total $8,118 · program services $6,768 · management and general $1,109 · fundraising $241

  • 24a · Other expenses: CONSULTING EXPENSE

    total $109,231 · program services $20,000 · management and general $89,231

  • 24b · Other expenses: TELEPHONE

    total $7,629 · program services $6,360 · management and general $1,042 · fundraising $227

  • 24c · Other expenses: AUTO EXPENSES

    total $5,400 · program services $4,202 · management and general $738 · fundraising $460

  • 24d · Other expenses: MEMBERSHIP ASSOCIATIONS

    total $3,163 · management and general $3,163

  • 24e · All other expenses

    total $2,990 · program services $1,600 · management and general $1,390

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $830,925 · end of year $779,464

  • 3 · Pledges and grants receivable

    beginning of year $538,700 · end of year $259,740

  • 4 · Accounts receivable

    beginning of year $51,476 · end of year $97,691

  • 7 · Other notes and loans receivable

    beginning of year $60,000 · end of year $78,733

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,464 · end of year $6,182

  • 10a · Land, buildings and equipment: cost or other basis

    $331,308

  • 10b · Land, buildings and equipment: accumulated depreciation

    $35,688

  • 10c · Land, buildings and equipment, net

    beginning of year $305,466 · end of year $295,620

  • 17 · Accounts payable and accrued expenses

    beginning of year $154,038 · end of year $140,038

  • 19 · Deferred revenue

    beginning of year $85,000 · end of year $85,000

  • 25 · Other liabilities

    beginning of year $57,800 · end of year $55,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,117,793 · end of year $943,028

  • 28 · Net assets with donor restrictions

    beginning of year $377,400 · end of year $294,364

Mission and programs · 2022

Mission

BROKER, FOSTER, AND LEVERAGE PRIVATE, PUBLIC, AND COMMUNITY RESOURCES TO ENHANCE AND PROMOTE REDEVELOPMENT INITIATIVES THAT WILL REVITALIZE THE CITY OF TRENTON, NEW JERSEY WITH A PARTICULAR EMPHASIS ON THE DOWNTOWN.

  • BROKER, FOSTER, AND LEVERAGE PRIVATE, PUBLIC, AND COMMUNITY RESOURCES TO ENHANCE AND PROMOTE REDEVELOPMENT INITIATIVES THAT WILL REVITALIZE THE CITY OF TRENTON, NEW JERSEY WITH A PARTICULAR EMPHASIS ON THE DOWNTOWN.

    Expenses $680,715 · Grants $89,825

As filed on the 2022 return.

Listed in Part VII

  • Kevin Cummings

    BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Dr Merodie Hancock

    CORPORATE SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Peg Forrestel

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Suzanne Borgos

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Dr Leticia Ferri

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Bernie Flynn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Eleanor Horne

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Skip Cimino

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Frank Lucchesi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Brendan Monahan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Wanda Saez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Mitch Livingston

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Treby Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Dr Joseph Youngblood

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Wes Mathews

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Bryan A Evans

    SENIOR VICE PRESIDENT

    Total calculated
    $167,404
    From this org
    $128,802
    From related orgs
    $0
    Other
    $38,602
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,302
    Bonus
    $12,500
    Other
    $0
    Deferred
    $7,728
    Nontaxable benefits
    $30,874
    Filer's total
    $167,404

  • George D Sowa

    CEO

    Total calculated
    $331,598
    From this org
    $276,771
    From related orgs
    $0
    Other
    $54,827
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,271
    Bonus
    $42,500
    Other
    $0
    Deferred
    $16,606
    Nontaxable benefits
    $38,221
    Filer's total
    $331,598

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • PNC FOUNDATION

    $45,000

    ASSISTANCE RELATED TO STEM EDUCATION FOR STUDENTS IN THE TRENTON PUBLIC SCHOOL SYSTEM.

  • DELAWARE VALLEY REGIONAL PLANNING COMMISSION

    $44,825

    ASSISTANCE RELATED TO THE ORGANIZATION'S PARTICIPATION WITH DELAWARE VALLEY REGIONAL PLANNING COMMISSION BIKE/PEDESTRIAN TRAIL PROJECT.

Provenance

Return type
form_990
Tax year
2022
Filed
25 April 2023
IRS schema version
2022v5.0
Source object
202332969349300933

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