Form 990 for tax year 2024
Filed by MEADOWLANDS REGIONAL 2040 FOUNDATION INC.
Totals
- Total revenue
- $176,913
- Total expenses
- $115,430
- Contributions and grants received
- $37,500
- Grants paid
- $0
- Program service revenue
- $124,191
- Investment income
- $15,222
- Other revenue
- $0
- Total assets, end of year
- $553,018
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $553,018
- Program services expenses (Part IX)
- $55,460
- Management and general expenses
- $59,970
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $55,460
Program services were 48.0% 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.
-
1f · All other contributions, gifts and grants
$37,500
-
2a · Program service revenue: ADVERTISING
total $30,653 · unrelated business $30,653
-
2b · Program service revenue: EVENT REVENUE
total $93,538 · related or exempt $93,538
-
3 · Investment income
total $15,222 · excluded $15,222
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $3,142 · management and general $3,142
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $117 · management and general $117
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: EVENTS
total $58,960 · program services $55,460 · management and general $3,500
-
24b · Other expenses: ADMINISTRATIVE
total $40,000 · management and general $40,000
-
24c · Other expenses: RESEARCH EXPENSES
total $6,597 · management and general $6,597
-
24d · Other expenses: computer expenses
total $4,968 · management and general $4,968
-
24e · All other expenses
total $1,646 · management and general $1,646
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $366,882 · end of year $399,377
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $124,653 · end of year $153,641
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $491,535 · end of year $553,018
Mission and programs · 2024
Mission
BY STRENGTHENING THE WORKFORCE AND IMPROVING THE OVERALL QUALITY OF LIFE FOR THE MEADOWLANDS COMMUNITY. THE FOUNDATION TRUSTEES HAVE IDENTIFIED EDUCATIONAL OUTREACH AS KEY TO ITS MISSION. THE 2040 FOUNDATION WILL HELP PROMOTE AWARENESS AND PROVIDE PROGRAMMING OF ECONOMIC DEVELOPMENT, WORKFORCE DEVELOPMENT, LEADERSHIP AND ENTREPRENEURSHIP PROGRAMS TO ENSURE THAT OUR REGION MAINTAINS A HIGH STANDARD OF HUMAN CAPITAL AND ALSO INNOVATES TO MEET THE NEEDS OF GROWING BUSINESSES. THE FOUNDATION IS COMPRISED OF BUSIONESS LEADERS THAT HAVE DEEP ROOTS IN THE REGION AND A STRONG COMMITMENT TO IMPROVING THE AREA FOR THOSE THAT LIVE AND WORK HERE.
Activities or mission (Part I)
TO PROVIDE LEADERSHIP, VISION, EDUCATION AND ACTION WITH RESEARCH AND PUBLIC AWARENESS OF A LONG-TERM VISION TO PLAN FOR A GROWING AND SUSTAINABLE ECONOMY THROUGH THE YEAR 2040. ONE OF THE DRIVING GOALS FOR THE 2040 FOUNDATION IS TO ENHANCE THE LOCAL AND REGIONAL ECONOMY
-
ECONOMIC DEVELOPMENT AND RELOCATION RESOURCE GUIDE ADVERTISEMENTS AND PUBLICATIONS HIGHLIGHT ALL OF THE ATTRIBUTES OF THE REGION AND THE COMMUNITIES THAT MAKE UP THE MEADOWLANDS. IT IS AIMED AT CORPORATE SITE SELECTORS AND BUSINESSES PROSPECTIVELY LOOKING AT RELOCATING HERE, PROVIDING ALL PERTINENT MUNICIPAL, WORKFORCE, EDUCATION AND BUSINESS RESOURCES THAT ARE AVAILABLE.
Expenses $55,460
As filed on the 2024 return.
Listed in Part VII
-
James KirkosJAMES KIRKOS
President & CEO
- Total calculated
- $260,177
- From this org
- $0
- From related orgs
- $251,437
- Other
- $8,740
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- not reported + $251,437 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $8,740 related
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $260,177 related
-
J Fletcher Creamer JrJ FLETCHER CREAMER JR
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Bill HansonBILL HANSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Richard BrancaRICHARD BRANCA
TREAS & SEC
- Total calculated
- $0
- Hours/week
- 0.5
-
Angelo GenovaANGELO GENOVA
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Anthony ScardinoANTHONY SCARDINO
Trustee
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Peter UnanuePETER UNANUE
Trustee
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Alex KlatskinALEX KLATSKIN
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Edward RussoEDWARD RUSSO
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Amy HerboldAMY HERBOLD
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
John SaracenoJOHN SARACENO
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Debra TantlefDEBRA TANTLEF
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Mark SpartaMARK SPARTA
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
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 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
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.
-
MEADOWLANDS CHAMBER OF COMMERCE
501 (C)(6) · COMMUNITY ACTION AND ASSISTANCE · NJ
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 19 March 2026
- IRS schema version
- 2024v5.2
- Source object
- 202620789349300617
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