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Nonprofiteer
← GREATER TRENTON INC

Form 990 for tax year 2025

Filed by GREATER TRENTON INC.

Totals

Total revenue
$316,534
Total expenses
$1,034,686
Contributions and grants received
$26,000
Grants paid
$539,342
Program service revenue
$0
Investment income
$183,813
Other revenue
$106,721
Total assets, end of year
$170,866
Total liabilities, end of year
$25,122
Net assets or fund balances, end of year
$145,744
Program services expenses (Part IX)
$913,763
Management and general expenses
$111,789
Fundraising expenses
$9,134
Program service expenses (Part III)
$913,763

Program services were 88.3% 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

    $26,000

  • 1g · Noncash contributions included above

    $1,000

  • 7a · Gross sales of assets other than inventory

    other assets $506,496

  • 7b · Less cost or other basis and sales expenses

    other assets $322,683

  • 7c · Gain or loss

    other assets $183,813

  • 7d · Net gain or loss

    total $183,813 · related or exempt $183,813

  • 11a · Other revenue: OTHER INCOME

    total $106,721 · related or exempt $106,721

  • 11e · Other revenue, total

    $106,721

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $539,342 · program services $539,342

  • 7 · Other salaries and wages

    total $303,981 · program services $234,065 · management and general $63,836 · fundraising $6,080

  • 9 · Other employee benefits

    total $84,142 · program services $64,789 · management and general $17,670 · fundraising $1,683

  • 12 · Advertising and promotion

    total $11,003 · program services $11,003

  • 13 · Office expenses

    total $34,567 · program services $26,617 · management and general $7,259 · fundraising $691

  • 17 · Travel

    total $5,877 · program services $4,525 · management and general $1,234 · fundraising $118

  • 22 · Depreciation, depletion and amortization

    total $8,196 · program services $6,311 · management and general $1,721 · fundraising $164

  • 23 · Insurance

    total $8,742 · program services $6,731 · management and general $1,836 · fundraising $175

  • 24a · Other expenses: CONSULTING EXPENSE

    total $22,730 · program services $11,782 · management and general $10,948

  • 24b · Other expenses: TELEPHONE

    total $5,766 · program services $4,440 · management and general $1,211 · fundraising $115

  • 24c · Other expenses: AUTO EXPENSES

    total $5,400 · program services $4,158 · management and general $1,134 · fundraising $108

  • 24d · Other expenses: MEMBERSHIP ASSOCIATIONS

    total $2,580 · management and general $2,580

  • 24e · All other expenses

    total $2,360 · management and general $2,360

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $544,043 · end of year $167,409

  • 3 · Pledges and grants receivable

    beginning of year $98,100 · end of year $0

  • 4 · Accounts receivable

    beginning of year $41,041 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $45,454 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,610 · end of year $3,457

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $280,611 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $93,863 · end of year $25,122

  • 25 · Other liabilities

    beginning of year $58,100 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $747,108 · end of year $145,744

  • 28 · Net assets with donor restrictions

    beginning of year $116,788 · end of year $0

Mission and programs · 2025

Mission

BROKER, FOSTER, AND LEVERAGE PRIVATE, PUBLIC, AND COMMUNITY RESOURCES TO ENHANCE AND PROMOTE REDEVELOPMENT INITIATIVES THAT WILL REVITALIZE THE CITY OF TRENTON, NEW JERSEY WITH A PARTICULAR EMPHASIS ON THE DOWNTOWN.

  • BROKER, FOSTER, AND LEVERAGE PRIVATE, PUBLIC, AND COMMUNITY RESOURCES TO ENHANCE AND PROMOTE REDEVELOPMENT INITIATIVES THAT WILL REVITALIZE THE CITY OF TRENTON, NEW JERSEY WITH A PARTICULAR EMPHASIS ON THE DOWNTOWN.

    Expenses $913,763 · Grants $539,342

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kevin Cummings

    BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Peg Forrestel

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Suzanne Borgos

    CORPORATE SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Nakia White Barr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Anthony Cimino

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Bernie Flynn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Dr Merodie Hancock

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Dan Kennedy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Frank Lucchesi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Wes Mathews

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Dr Deborah E Preston

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Kate Ro

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Michael Van Wagner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Dr Joseph Youngblood

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • George D Sowa

    CEO

    Total calculated
    $353,154
    From this org
    $285,000
    From related orgs
    $0
    Other
    $68,154
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,000
    Bonus
    $50,000
    Other
    $0
    Deferred
    $0 + $17,418 related
    Nontaxable benefits
    $0 + $50,736 related
    Filer's total
    $285,000 + $68,154 related

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 committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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

The 10 largest by cash amount. The API serves every itemized grant.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • WALLER WANG CAPITAL LLC

    $500,000

    Disposition · 124 WEST STATE STREET, TRENTON, NEW JERSEY 08608 · Nov 5, 2025

Provenance

Return type
form_990
Tax year
2025
Filed
1 September 2026
IRS schema version
2025v4.2
Source object
202642589349300319

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