Totals
- Total revenue
- $2,023,052
- Total expenses
- $1,388,707
- Contributions and grants received
- $2,023,052
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,150,839
- Total liabilities, end of year
- $584,632
- Net assets or fund balances, end of year
- $566,207
- Program services expenses (Part IX)
- $1,275,664
- Management and general expenses
- $107,534
- Fundraising expenses
- $5,509
- Program service expenses (Part III)
- $1,275,664
Program services were 91.9% 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)
$1,402,804
-
1f · All other contributions, gifts and grants
$620,248
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $134,231 · program services $99,331 · management and general $33,558 · fundraising $1,342
-
7 · Other salaries and wages
total $186,224 · program services $177,044 · management and general $7,488 · fundraising $1,692
-
9 · Other employee benefits
total $54,677 · program services $47,156 · management and general $7,003 · fundraising $518
-
10 · Payroll taxes
total $28,177 · program services $24,301 · management and general $3,609 · fundraising $267
-
11g · Fees: other
total $27,918 · program services $2,790 · management and general $25,128
-
16 · Occupancy
total $82,966 · program services $71,350 · management and general $10,786 · fundraising $830
-
20 · Interest
total $7,001 · program services $6,021 · management and general $910 · fundraising $70
-
22 · Depreciation, depletion and amortization
total $65,628 · program services $59,065 · management and general $6,563
-
23 · Insurance
total $45,924 · program services $39,495 · management and general $5,970 · fundraising $459
-
24a · Other expenses: EVENTS AND DECOR
total $434,465 · program services $434,465
-
24b · Other expenses: GIFT CERTIFICATE PROGRAM
total $118,879 · program services $118,879
-
24c · Other expenses: EVENTS AND PROMOTIONS
total $77,600 · program services $77,600
-
24d · Other expenses: GENERAL AND LANDSCAPE MAI
total $47,219 · program services $47,219
-
24e · All other expenses
total $77,798 · program services $70,948 · management and general $6,519 · fundraising $331
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $12,690 · end of year $479,894
-
4 · Accounts receivable
beginning of year $38,950 · end of year $79,400
-
9 · Prepaid expenses and deferred charges
beginning of year $2,425 · end of year $4,374
-
10a · Land, buildings and equipment: cost or other basis
$1,926,795
-
10b · Land, buildings and equipment: accumulated depreciation
$1,415,464
-
10c · Land, buildings and equipment, net
beginning of year $328,253 · end of year $511,331
-
15 · Other assets
beginning of year $151,680 · end of year $75,840
-
17 · Accounts payable and accrued expenses
beginning of year $243,789 · end of year $365,458
-
24 · Unsecured notes and loans payable
beginning of year $106,667 · end of year $93,334
-
25 · Other liabilities
beginning of year $251,680 · end of year $125,840
-
27 · Net assets without donor restrictions
beginning of year -$68,138 · end of year $566,207
Mission and programs · 2024
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 921,704 BUILT ENVIROMENT 121,886 BUSINESS SECTOR ENGAGEMENT 141,284 FINANCIAL STRATEGY AND BUSINESS DEVELOPMENT 57,514 PUBLIC AFFAIRS AND ADVOCACY 33,276
Expenses $1,275,664
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Ryan DawsonRYAN DAWSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Jeff RawdingJEFF RAWDING
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
John WalshJOHN WALSH
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Kim RyanKIM RYAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer WehringJENNIFER WEHRING
EXECUTIVE DI
- Total calculated
- $151,691
- From this org
- $134,231
- From related orgs
- $0
- Other
- $17,460
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $134,231
- Bonus
- not reported
- Other
- not reported
- Deferred
- $5,369
- Nontaxable benefits
- $12,091
- Filer's total
- $151,691
-
William BraunschweigerWILLIAM BRAUNSCHWEIGER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Leia GaccioneLEIA GACCIONE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Biagio ScottoBIAGIO SCOTTO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michelle MongeyMICHELLE MONGEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dick TigheDICK TIGHE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joe Lobozzo JrJOE LOBOZZO JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mark Von BradskyMARK VON BRADSKY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael WitkoMICHAEL WITKO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nestor BedoyaNESTOR BEDOYA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ori KasneciORI KASNECI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Philip Del GiudicePHILIP DEL GIUDICE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert NishROBERT NISH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Anika JosephANIKA JOSEPH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Steve PylypchukSTEVE PYLYPCHUK
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
- 13 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202503219349321840
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