Form 990 for tax year 2022
Filed by TRENTON DOWNTOWN ASSOCIATION INC.
Totals
- Total revenue
- $1,043,979
- Total expenses
- $876,813
- Contributions and grants received
- $1,042,704
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $1,275
- Total assets, end of year
- $845,449
- Total liabilities, end of year
- $66,675
- Net assets or fund balances, end of year
- $778,774
- Program services expenses (Part IX)
- $676,963
- Management and general expenses
- $199,850
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $676,963
Program services were 77.2% 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)
$970,229
-
1f · All other contributions, gifts and grants
$72,475
-
1g · Noncash contributions included above
$13,000
-
3 · Investment income
total $0
-
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
-
11a · Other revenue: Miscellaneous income
total $1,275 · excluded $1,275
-
11e · Other revenue, total
$1,275
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 $91,980 · program services $65,306 · management and general $26,674
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $9,102 · program services $6,463 · management and general $2,639
-
10 · Payroll taxes
total $9,113 · program services $6,471 · management and general $2,642
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $41,790 · management and general $41,790
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $435,871 · program services $328,826 · management and general $107,045
-
12 · Advertising and promotion
total $36,145 · program services $36,145
-
13 · Office expenses
total $2,464 · program services $1,749 · management and general $715
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $10,000 · program services $6,000 · management and general $4,000
-
17 · Travel
total $693 · program services $693
-
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 $41,463 · program services $38,560 · management and general $2,903
-
23 · Insurance
total $7,721 · program services $5,482 · management and general $2,239
-
24a · Other expenses: Program Expenses
total $159,995 · program services $159,995
-
24b · Other expenses: Utilities
total $12,309 · program services $8,739 · management and general $3,570
-
24c · Other expenses: Dues and Subscriptions
total $7,248 · program services $3,065 · management and general $4,183
-
24d · Other expenses: Bad debts
total $6,250 · program services $6,250
-
24e · All other expenses
total $4,669 · program services $3,219 · management and general $1,450
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $311,833 · end of year $427,536
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $146,577 · end of year $117,880
-
4 · Accounts receivable
end of year $0
-
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
beginning of year $19,148 · end of year $20,834
-
10a · Land, buildings and equipment: cost or other basis
$310,857
-
10b · Land, buildings and equipment: accumulated depreciation
$81,760
-
10c · Land, buildings and equipment, net
beginning of year $165,994 · end of year $229,097
-
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
beginning of year $9,392 · end of year $1,332
-
15 · Other assets
end of year $48,770
-
17 · Accounts payable and accrued expenses
beginning of year $58,016 · end of year $36,655
-
25 · Other liabilities
end of year $30,020
-
27 · Net assets without donor restrictions
beginning of year $559,862 · end of year $769,708
-
28 · Net assets with donor restrictions
beginning of year $35,066 · end of year $9,066
Mission and programs · 2022
Mission
To make the capital city of Trenton, NJ a more competitive location for business owners and an engaging center for workers, residents, and visitors.
-
To facilitate the revitalization of Downtown Trenton. Programs include street maintenance, area beautification, maintaining a visible security, promotional programs to attract visitors to downtown, festival events, and other programs and events.
Expenses $676,963
As filed on the 2022 return.
Listed in Part VII
-
Roland Pott
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Kamal Bathla
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
W David Henderson
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Tonia Perry Conley
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Reggie Hallett
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Cassandra Sanchez
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Steve Mania
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Eric Maywar
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Ann LaBate
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Bryan Evans
Board Chair
- Total calculated
- $0
- Hours/week
- 5
-
Austin Edwards
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Andres Lomi
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Anthony Carabelli Jr
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
JoAnn Povia
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Taraun Tice McKnight
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
William Butch Osterman
Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer Williams
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Liad Ontiri
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Wayne Downing
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Raoul Momo
Board Member
- Total calculated
- $0
- Hours/week
- 2
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
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441359349308309
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