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Nonprofiteer
← NACT FREEHOLD INC

Form 990 for tax year 2024

Filed by NACT FREEHOLD INC.

Totals

Total revenue
$4,572,405
Total expenses
$5,193,841
Contributions and grants received
$0
Grants paid
$1,500
Program service revenue
$4,475,732
Investment income
$96,673
Other revenue
$0
Total assets, end of year
$15,508,669
Total liabilities, end of year
$14,767,655
Net assets or fund balances, end of year
$741,014
Program services expenses (Part IX)
$5,193,841
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$5,193,841

Program services were 100.0% 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.

  • 2a · Program service revenue: TUITION INCOME

    total $4,475,732 · related or exempt $4,475,732

  • 3 · Investment income

    total $96,673 · excluded $96,673

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,500 · program services $1,500

  • 5 · Compensation of officers, directors and key employees

    total $325,000 · program services $325,000

  • 7 · Other salaries and wages

    total $1,448,602 · program services $1,448,602

  • 9 · Other employee benefits

    total $7,759 · program services $7,759

  • 10 · Payroll taxes

    total $183,935 · program services $183,935

  • 11a · Fees: management

    total $120,000 · program services $120,000

  • 11b · Fees: legal

    total $10,188 · program services $10,188

  • 12 · Advertising and promotion

    total $112,339 · program services $112,339

  • 13 · Office expenses

    total $105,395 · program services $105,395

  • 19 · Conferences, conventions and meetings

    total $9,311 · program services $9,311

  • 20 · Interest

    total $927,234 · program services $927,234

  • 22 · Depreciation, depletion and amortization

    total $312,052 · program services $312,052

  • 23 · Insurance

    total $134,226 · program services $134,226

  • 24a · Other expenses: CAMP PROGRAMS

    total $418,624 · program services $418,624

  • 24b · Other expenses: TRANSPORTATION

    total $305,362 · program services $305,362

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $254,295 · program services $254,295

  • 24d · Other expenses: FOOD SERVICE

    total $163,441 · program services $163,441

  • 24e · All other expenses

    total $354,578 · program services $354,578

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $781,064 · end of year $438,544

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

    $10,544,347

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

    $415,680

  • 10c · Land, buildings and equipment, net

    beginning of year $10,371,435 · end of year $10,128,667

  • 15 · Other assets

    beginning of year $4,883,383 · end of year $4,941,458

  • 17 · Accounts payable and accrued expenses

    beginning of year $64,686 · end of year $49,433

  • 25 · Other liabilities

    beginning of year $14,608,746 · end of year $14,718,222

  • 27 · Net assets without donor restrictions

    beginning of year $1,362,450 · end of year $741,014

Mission and programs · 2024

Mission

100 PERCENT OF NACT SOMERSET, INC. (NACT SOMERSET)'S CHARITABLE ACTIVITIES CONSIST OF PRESERVING AND EXPANDING THE TRADITIONAL DAY AND OVERNIGHT CHILDREN'S SUMMER CAMP EXPERIENCE BY (1) ACQUIRING, DEVELOPING, OPERATING AND MAINTAINING SUMMER CAMP FACILITIES, (2) PROTECTING CAMP LANDSCAPES FROM DEVELOPMENT, (3) RAISING FUNDS TO PROVIDE FINANCIAL ASSISTANCE TO ALLOW CHILDREN OF LIMITED MEANS TO ATTEND SUMMER CAMP, AND (4) PROVIDING FREE OR LOW COST SUMMER CAMP PROGRAMS FOR CHILDREN WHO HAVE FINANCIAL, MEDICAL OR OTHER CHALLENGES.

Activities or mission (Part I)

NACT SOMERSET IS TO PRESERVE AND EXPAND TRADITIONAL DAY AND OVERNIGHT SUMMER CAMP AND TO PROVIDE CAMP EXPERIENCES TO CHILDREN IN NEED.

  • 100 PERCENT OF NACT SOMERSET, INC. (NACT SOMERSET)'S CHARITABLE ACTIVITIES CONSIST OF PRESERVING AND EXPANDING THE TRADITIONAL DAY AND OVERNIGHT CHILDREN'S SUMMER CAMP EXPERIENCE BY (1) ACQUIRING, DEVELOPING, OPERATING AND MAINTAINING SUMMER CAMP FACILITIES, (2) PROTECTING CAMP LANDSCAPES FROM DEVELOPMENT, (3) RAISING FUNDS TO PROVIDE FINANCIAL ASSISTANCE TO ALLOW CHILDREN OF LIMITED MEANS TO ATTEND SUMMER CAMP, AND (4) PROVIDING FREE OR LOW COST SUMMER CAMP PROGRAMS FOR CHILDREN WHO HAVE FINANCIAL, MEDICAL OR OTHER CHALLENGES.

    Expenses $5,193,841 · Grants $1,500 · Revenue $4,475,732

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michele Friedman

    ADMINISTRATIVE OFFICER

    Total calculated
    $0
    Hours/week
    10

  • Jonathan Gold

    PRESIDENT/TRUSTEE

    Total calculated
    $135,000
    From this org
    $135,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Scott Rothchild

    TREASURER/TRUSEE

    Total calculated
    $190,000
    From this org
    $190,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $190,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $190,000

  • Jeffrey Leikin

    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. 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

None.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 September 2026
IRS schema version
2024v5.5
Source object
202612579349300971

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