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Nonprofiteer
← ISLES COMMUNITY ENTERPRISES CORP

Form 990 for tax year 2022

Filed by ISLES COMMUNITY ENTERPRISES CORP.

Totals

Total revenue
$59,842
Total expenses
$32,962
Contributions and grants received
$50,000
Grants paid
$0
Program service revenue
$9,833
Investment income
$9
Other revenue
$0
Total assets, end of year
$723,672
Total liabilities, end of year
$868,257
Net assets or fund balances, end of year
-$144,585
Program services expenses (Part IX)
$32,962
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$32,962

Program services were 100.0% 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

    $50,000

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $9,833 · related or exempt $9,833

  • 3 · Investment income

    total $9 · excluded $9

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $25,607 · program services $25,607

  • 8 · Pension plan contributions

    total $714 · program services $714

  • 9 · Other employee benefits

    total $3,598 · program services $3,598

  • 10 · Payroll taxes

    total $2,146 · program services $2,146

  • 13 · Office expenses

    total $897 · program services $897

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $645,562 · end of year $681,211

  • 4 · Accounts receivable

    end of year $34,000

  • 15 · Other assets

    beginning of year $8,461 · end of year $8,461

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,121 · end of year $651

  • 25 · Other liabilities

    beginning of year $824,367 · end of year $867,606

  • 27 · Net assets without donor restrictions

    beginning of year -$171,465 · end of year -$144,585

Mission and programs · 2022

Mission

PROVIDES A UNIQUE RANGE OF FINANCIAL AND EDUCATIONAL SERVICES TO MEET THE NEEDS AND INTERESTS OF LOW-WEALTH INDIVIDUALS AND COMMUNITIES.

  • PROVIDES A UNIQUE RANGE OF FINANCIAL AND EDUCATIONAL SERVICES TO MEET THE NEEDS AND INTERESTS OF LOW-WEALTH INDIVIDUALS AND COMMUNITIES.

    Expenses $32,962 · Revenue $9,833

As filed on the 2022 return.

Listed in Part VII

  • Martin Johnson

    EX-OFFICIO AND TRUSTEE

    Total calculated
    $67,037
    From this org
    $0
    From related orgs
    $57,619
    Other
    $9,418
    Hours/week
    1 + 23 related

  • Peter Rose

    MANAGING DIRECTOR & TRUSTE

    Total calculated
    $94,883
    From this org
    $0
    From related orgs
    $84,359
    Other
    $10,524
    Hours/week
    2 + 38 related

  • John Hart

    CHIEF OPERATING OFFICER &

    Total calculated
    $121,984
    From this org
    $0
    From related orgs
    $111,753
    Other
    $10,231
    Hours/week
    2 + 38 related

  • Sean Jackson

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $138,419
    From this org
    $0
    From related orgs
    $134,135
    Other
    $4,284
    Hours/week
    0.5 + 40 related

  • Michael Nordquist

    MANAGING DIRECTOR & TRUSTE

    Total calculated
    $88,330
    From this org
    $0
    From related orgs
    $85,570
    Other
    $2,760
    Hours/week
    0.5 + 40 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.

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.

  • ISLES INC

    501(C)(3) · PROVIDES HOUSING, GARDENING, RECREATION AND ENVIRONMENTAL EDUCATION · NJ

  • ISLES COMMUNITY FOUNDATION

    501(C)(3) · MANAGING INVESTMENT ACTIVITIES; SUPPORTING ORGANIZATION FOR ISLES, INC · NJ

    Directly controlled by ISLES INC

  • ISLES E4 INC

    501(C)(3) · TRAIN INDIVIDUALS TO PERFORM WEATHERIZATION SERVICE TO LOW INCOME HOUSEHOLDS · NJ

    Directly controlled by ISLES INC

  • ISLES PROPERTIES INC

    501(C)(2) · HOLDING COMPANY OF REAL ESTATE PROPERTY FOR ISLES, INC.'S EXEMPT PURPOSE · NJ

    Directly controlled by ISLES INC

  • ISLES MILL 57 INC

    501(C)(3) · ACQUIRE, HOLD, & SELL REAL PROPERTY TO SUPPORT OTHER 501 (C)(3) ENTITIES · NJ

    Directly controlled by ISLES INC

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202323129349304572

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