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Nonprofiteer
← BUSINESS INDUSTRY FOUNDATION OF MIDDLESEX COUNTY INC

Form 990 for tax year 2024

Filed by BUSINESS INDUSTRY FOUNDATION OF MIDDLESEX COUNTY INC.

Totals

Total revenue
$718,595
Total expenses
$720,425
Contributions and grants received
$700,899
Grants paid
$0
Program service revenue
$0
Investment income
$17,696
Other revenue
$0
Total assets, end of year
$1,077,559
Total liabilities, end of year
$450,616
Net assets or fund balances, end of year
$626,943
Program services expenses (Part IX)
$707,387
Management and general expenses
$13,038
Fundraising expenses
$0
Program service expenses (Part III)
$707,387

Program services were 98.2% 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)

    $263,394

  • 1f · All other contributions, gifts and grants

    $437,505

  • 3 · Investment income

    total $17,696 · excluded $17,696

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $115,446 · program services $115,446

  • 8 · Pension plan contributions

    total $2,316 · program services $2,316

  • 9 · Other employee benefits

    total $405 · program services $405

  • 10 · Payroll taxes

    total $9,771 · program services $9,771

  • 11g · Fees: other

    total $13,038 · management and general $13,038

  • 12 · Advertising and promotion

    total $41,370 · program services $41,370

  • 13 · Office expenses

    total $268 · program services $268

  • 14 · Information technology

    total $5,255 · program services $5,255

  • 16 · Occupancy

    total $79,290 · program services $79,290

  • 17 · Travel

    total $4,097 · program services $4,097

  • 19 · Conferences, conventions and meetings

    total $1,509 · program services $1,509

  • 23 · Insurance

    total $3,584 · program services $3,584

  • 24a · Other expenses: EVENTS & PROGRAMS

    total $444,076 · program services $444,076

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $387,868 · end of year $404,075

  • 2 · Savings and temporary cash investments

    beginning of year $630,677 · end of year $644,723

  • 3 · Pledges and grants receivable

    beginning of year $3,089 · end of year $7,702

  • 4 · Accounts receivable

    beginning of year $6,194 · end of year $19,794

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,647 · end of year $1,265

  • 17 · Accounts payable and accrued expenses

    beginning of year $109,611 · end of year $82,727

  • 19 · Deferred revenue

    beginning of year $66,850 · end of year $146,000

  • 25 · Other liabilities

    beginning of year $224,241 · end of year $221,889

  • 27 · Net assets without donor restrictions

    beginning of year $561,917 · end of year $560,087

  • 28 · Net assets with donor restrictions

    beginning of year $66,856 · end of year $66,856

Mission and programs · 2024

Mission

THE FOUNDATION CONDUCTS EDUCATIONAL SEMINARS AND EMPLOYMENT RELATED PROGRAMS FOR THE BENEFIT OF THE BUSINESS COMMUNITY.

Activities or mission (Part I)

CONDUCTING PROGRAMS TO BENEFIT THE BUSINESS COMMUNITY IN MIDDLESEX COUNTY.

  • WORKER PREPARATION AND TRAINING PROGRAMS INCLUDING THOSE DESIGNED TO HELP WELFARE RECIPIENTS AND DISADVANTAGED YOUTH DEVELOP WORK RELATED DISCIPLINES AND THOSE DESIGNED TO PROVIDE JOB TRAINING. AN ENTREPRENEURIAL AND BUSINESS DEVELOPMENT COURSE, DESIGNED TO ASSIST MINORITY SMALL BUSINESS TO BECOME MORE SUCCESSFUL BY DEVELOPING THE ATTITUDES, SKILLS AND QUALITIES NECESSARY FOR EFFECTIVE BUSINESS OWNERSHIP AND SUCCESS.

    Expenses $707,387

  • THE RECOVERY EMPLOYMENT PROGRAM (REP) HELPS THOSE IN RECOVERY REBUILD LIVES THAT HAVE BEEN TORN AND RIPPED APART DUE TO ADDICTION. MANY DON'T SEE A WAY OUT, OR NO HOPE. BUT WITH THE REP, THERE IS. WE OFFER EMPLOYMENT TO MANY WHO EVEN SEE THEMSELVES AS UNEMPLOYABLE. WHY? MANY HAVE THE PROPER SKILLS SETS, BUT ARE LACKING SELF-ESTEEM DUE THEIR PAST ADDICTION. HOWEVER, THE RECOVERY EMPLOYMENT PROGRAM REASSERTS CONFIDENCE IN THE JOB APPLICANT'S ABILITIES AND IN THEMSELVES AS THEY GAIN EMPLOYMENT. WE OFFER JOB COACHING AS WELL AS COUNSEL. THIS IS NOT JUST A JOB PLACEMENT PROGRAM, BUT IT IS A LIFE SKILL PROGRAM THAT WILL HELP PEOPLE IN RECOVERY WITH THE LIFE SKILLS THEY NEED THROUGH THE COACHING ASPECT OF THE PROGRAM.THE RECOVERY EMPLOYMENT PROGRAM, IS A PROGRAM WITH OPPORTUNITIES.THIS PROGRAM WILL SERVE THE COMMUNITY OF THOSE WHO ARE IN RECOVERY AND PUTTING THEIR LIVES BACK TOGETHER. TOGETHER AS A COMMUNITY WE CAN HELP THEM TAKE THE NECESSARY STEPS ON THEIR ROAD.

  • SIDE STREET TO MAIN STREET PROGRAM - EDUCATES ENTREPRENEURS IN BUSINESS DISCIPLINES SUCH AS MARKETING, FINANCIAL STATEMENTS, BANKING AND CURRENT SOFTWARE APPLICATIONS FOR BUSINESS.

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

Listed in Part VII

  • DARLENE BRIGGS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JAY POLKE

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • THERESA OPALACZ

    CHAIRWOMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ANTHONY SALVATORE

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOHANNA BOND

    SECRETARY

    Total calculated
    $234,396
    From this org
    $0
    From related orgs
    $214,201
    Other
    $20,195
    Hours/week
    9 + 31 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,201 related
    Bonus
    $0 + $50,000 related
    Other
    $0
    Deferred
    $0 + $6,773 related
    Nontaxable benefits
    $0 + $13,422 related
    Filer's total
    $0 + $234,396 related

  • KELLY SMITH

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RICK MORIN

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LYNN BALDONI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HARRY BURR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STEVE CISKOWSKI

    CONTROLLER

    Total calculated
    $82,377
    From this org
    $0
    From related orgs
    $79,010
    Other
    $3,367
    Hours/week
    9 + 31 related

  • AMANDA CALVE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DIANE ARNOLD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LAKISHA HYATT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • FAITH JACKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARYELLEN SHUCKEROW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GARY WALLACE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN VAUGHAN

    DIRECTOR

    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

  • 1a · Travel for companions
  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses

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.

Provenance

Return type
form_990
Tax year
2024
Filed
26 January 2026
IRS schema version
2024v5.5
Source object
202620279349300702

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