Totals
- Total revenue
- $1,279,103
- Total expenses
- $1,192,339
- Contributions and grants received
- $1,279,103
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $533,998
- Total liabilities, end of year
- $602,136
- Net assets or fund balances, end of year
- -$68,138
- Program services expenses (Part IX)
- $1,030,766
- Management and general expenses
- $141,690
- Fundraising expenses
- $19,883
- Program service expenses (Part III)
- $1,030,766
Program services were 86.4% 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)
$606,751
-
1f · All other contributions, gifts and grants
$672,352
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $115,000 · program services $74,750 · management and general $28,750 · fundraising $11,500
-
7 · Other salaries and wages
total $156,837 · program services $126,211 · management and general $30,626
-
9 · Other employee benefits
total $42,084 · program services $33,195 · management and general $7,756 · fundraising $1,133
-
10 · Payroll taxes
total $22,676 · program services $17,140 · management and general $4,577 · fundraising $959
-
11g · Fees: other
total $25,318 · management and general $25,318
-
12 · Advertising and promotion
total $30,215 · program services $30,215
-
16 · Occupancy
total $82,415 · program services $61,277 · management and general $17,708 · fundraising $3,430
-
20 · Interest
total $9,210 · management and general $9,210
-
22 · Depreciation, depletion and amortization
total $29,732 · program services $26,759 · management and general $2,973
-
23 · Insurance
total $35,064 · program services $26,072 · management and general $7,534 · fundraising $1,458
-
24a · Other expenses: EVENTS AND PROMOTIONS
total $523,494 · program services $523,494
-
24b · Other expenses: PROGRAM COSTS
total $86,604 · program services $86,604
-
24c · Other expenses: ADMINISTRATIVE
total $19,901 · program services $14,795 · management and general $4,276 · fundraising $830
-
24d · Other expenses: SUPPLIES
total $13,789 · program services $10,254 · management and general $2,962 · fundraising $573
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $16,024 · end of year $12,690
-
4 · Accounts receivable
beginning of year $30,337 · end of year $38,950
-
9 · Prepaid expenses and deferred charges
beginning of year $10,708 · end of year $2,425
-
10a · Land, buildings and equipment: cost or other basis
$1,678,090
-
10b · Land, buildings and equipment: accumulated depreciation
$1,349,837
-
10c · Land, buildings and equipment, net
beginning of year $213,100 · end of year $328,253
-
15 · Other assets
beginning of year $227,520 · end of year $151,680
-
17 · Accounts payable and accrued expenses
beginning of year $170,070 · end of year $243,789
-
24 · Unsecured notes and loans payable
beginning of year $120,001 · end of year $106,667
-
25 · Other liabilities
beginning of year $362,520 · end of year $251,680
-
27 · Net assets without donor restrictions
beginning of year -$154,902 · end of year -$68,138
Mission and programs · 2023
Mission
FOSTER AND ENCOURAGE SELF-HELP PROGRAMS TO ENHANCE THE LOCAL BUSINESS CLIMATE, PROVIDE ADMINISTRATIVE AND OTHER SERVICES TO BENEFIT BUSINESS, EMPLOYEES, RESIDENTS AND CONSUMERS AND PROMOTE AND PRESERVE THE CULTURAL, HISTORIC, TOURISTIC AND CIVIC INTERESTS OF THE TOWN OF MORRISTOWN AND ITS SPECIAL IMPROVEMENT DISTRICT.
-
REVITALIZATION OF MORRISTOWN THROUGH LOCAL GIFT CERTIFICATE PROGRAM, SUPPORT OF LOCAL BUSINESS COMMUNITY, STREETSCAPE DESIGN AND LAMP POST MAINTENANCE, BUSINESS RECRUITMENT AND RETENTION, MARKETING, PROMOTIONS, EVENTS AND CAPITAL IMPROVEMENT PROJECTS. MARKETING AND PROMOTIONS 822,037 SAFE AND CLEAN 43,061 STREETSCAPE 60,845 PARKING AND TRANSPORTATION 3,977 BUSINESS RECRUITMENT AND RETENTION 76,483 COMMUNITY AND GOVERNMENT RELATIONS 44,827
Expenses $1,030,766
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jennifer WehringJENNIFER WEHRING
EXECUTIVE DI
- Total calculated
- $126,487
- From this org
- $115,000
- From related orgs
- $0
- Other
- $11,487
- Hours/week
- 40
-
Jeff BabcockJEFF BABCOCK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nestor BedoyaNESTOR BEDOYA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David BernatDAVID BERNAT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mark Von BradskyMARK VON BRADSKY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
William BraunschweigerWILLIAM BRAUNSCHWEIGER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Ryan DawsonRYAN DAWSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Leia GaccioneLEIA GACCIONE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Philip Del GiudicePHILIP DEL GIUDICE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joe Lobozzo JrJOE LOBOZZO JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ori KasneciORI KASNECI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michelle MongeyMICHELLE MONGEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert NishROBERT NISH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jeff RawdingJEFF RAWDING
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Kim RyanKIM RYAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Biagio ScottoBIAGIO SCOTTO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dick TigheDICK TIGHE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nathan UmbriacNATHAN UMBRIAC
TRUSTEE/DIRE
- Total calculated
- $0
- Hours/week
- 1
-
John WalshJOHN WALSH
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Michael WitkoMICHAEL WITKO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202433199349310853
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