Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $441,886

• 1e · Government grants (contributions)

  $13,149,022

• 1f · All other contributions, gifts and grants

  $38,737,036

• 1g · Noncash contributions included above

  $38,599,950

• 2a · Program service revenue: INDUSTRIAL OPERATIONS

  total $30,181,800 · related or exempt $30,181,800

• 2b · Program service revenue: FEE-FOR-SERVICE BILLINGS

  total $12,585,729 · related or exempt $12,585,729

• 3 · Investment income

  total $1,051,574 · excluded $1,051,574

• 6a · Gross rents

  real property $615,203

• 6b · Less rental expenses

  real property $98,601

• 6c · Rental income or loss

  real property $516,602

• 6d · Net rental income or loss

  total $516,602 · excluded $516,602

• 7a · Gross sales of assets other than inventory

  securities $10,240,667

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

  securities $8,610,665

• 7c · Gain or loss

  securities $1,630,002

• 7d · Net gain or loss

  total $1,630,002 · excluded $1,630,002

• 8a · Fundraising events: gross income

  $23,716

• 8a · Fundraising events: contributions included on line 1c

  $441,886

• 8b · Fundraising events: direct expenses

  $102,328

• 8c · Net income from fundraising events

  total -$78,612 · excluded -$78,612

• 10a · Gross sales of inventory

  $45,053,013

• 10b · Cost of goods sold

  $38,254,295

• 10c · Net income from sales of inventory

  total $6,798,718 · related or exempt $6,798,718

• 11a · Other revenue: INSURANCE REFUND

  total $2,392,735 · excluded $2,392,735

• 11b · Other revenue: NJ TAXATION REFUND

  total $43,414 · excluded $43,414

• 11c · Other revenue: MISCELLANEOUS REVENUE

  total $16,264 · excluded $16,264

• 11e · Other revenue, total

  $2,452,413

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,894,289 · management and general $1,894,289

• 7 · Other salaries and wages

  total $53,773,533 · program services $49,215,432 · management and general $4,078,628 · fundraising $479,473

• 8 · Pension plan contributions

  total $639,558 · program services $631,205 · management and general $2,415 · fundraising $5,938

• 9 · Other employee benefits

  total $3,402,688 · program services $2,997,105 · management and general $377,388 · fundraising $28,195

• 10 · Payroll taxes

  total $5,365,330 · program services $4,615,320 · management and general $706,593 · fundraising $43,417

• 11a · Fees: management

  total $462,366 · management and general $462,366

• 11b · Fees: legal

  total $650,558 · management and general $650,558

• 11c · Fees: accounting

  total $650,642 · management and general $650,642

• 11e · Fees: professional fundraising services

  total $705,871 · fundraising $705,871

• 11f · Fees: investment management

  total $135,626 · management and general $135,626

• 11g · Fees: other

  total $5,505,459 · program services $3,047,100 · management and general $2,413,048 · fundraising $45,311

• 12 · Advertising and promotion

  total $1,278,058 · program services $1,054,284 · management and general $161,508 · fundraising $62,266

• 13 · Office expenses

  total $2,131,181 · program services $2,085,207 · management and general $45,511 · fundraising $463

• 16 · Occupancy

  total $19,213,636 · program services $18,818,056 · management and general $395,580

• 17 · Travel

  total $612,868 · program services $465,220 · management and general $145,897 · fundraising $1,751

• 20 · Interest

  total $438,177 · management and general $438,177

• 22 · Depreciation, depletion and amortization

  total $1,829,755 · program services $1,470,884 · management and general $358,571 · fundraising $300

• 23 · Insurance

  total $1,429,900 · program services $1,379,093 · management and general $50,807

• 24a · Other expenses: TRUCKING SERVICES

  total $2,424,596 · program services $2,409,558 · management and general $15,038

• 24b · Other expenses: BAD DEBT

  total $2,185,037 · program services $2,185,037

• 24c · Other expenses: CLIENT ACTIVITIES

  total $1,563,900 · program services $1,442,582 · management and general $119,893 · fundraising $1,425

• 24d · Other expenses: COMMUNICATION

  total $847,221 · program services $752,029 · management and general $92,290 · fundraising $2,902

• 24e · All other expenses

  total $1,910,952 · program services $1,397,683 · management and general $448,810 · fundraising $64,459

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,634,690 · end of year $3,043,083

• 2 · Savings and temporary cash investments

  beginning of year $8,545,729 · end of year $1,252,529

• 3 · Pledges and grants receivable

  beginning of year $209,999 · end of year $67,499

• 4 · Accounts receivable

  beginning of year $17,791,909 · end of year $19,786,696

• 7 · Other notes and loans receivable

  beginning of year $500,000 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $3,269,931 · end of year $3,150,217

• 9 · Prepaid expenses and deferred charges

  beginning of year $837,754 · end of year $989,985

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

  $54,682,838

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

  $45,382,281

• 10c · Land, buildings and equipment, net

  beginning of year $8,374,690 · end of year $9,300,557

• 11 · Investments: publicly traded securities

  beginning of year $25,316,279 · end of year $33,270,632

• 12 · Investments: other securities

  beginning of year $1,805,211 · end of year $1,866,600

• 15 · Other assets

  beginning of year $57,029,851 · end of year $62,312,373

• 17 · Accounts payable and accrued expenses

  beginning of year $12,555,350 · end of year $14,176,274

• 19 · Deferred revenue

  beginning of year $3,597,111 · end of year $3,463,253

• 23 · Secured mortgages and notes payable

  beginning of year $3,000,000 · end of year $6,000,000

• 25 · Other liabilities

  beginning of year $61,647,912 · end of year $66,565,526

• 27 · Net assets without donor restrictions

  beginning of year $42,949,051 · end of year $43,234,670

• 28 · Net assets with donor restrictions

  beginning of year $1,566,619 · end of year $1,600,448

The filer's explanations (Part III)

PART I, LINE 4B

FOR CY 2023/FY 2024, THE ORGANIZATION CONTRIBUTED $50,320.26 IN CATHARINE GAUL-STIGGE'S 457F PLAN AND $31,936.06 IN SCOTT ZUCKER'S 457F PLAN. WITHDRAWALS OF $42,460 AND $32,431, RESPECTIVELY, WERE MADE.

PART I, LINE 7

CATHARINE GAUL-STIGGE, PRESIDENT & CEO RECEIVED A ONE-TIME BONUS PAYMENT OF $180,000 APPROVED BY THE BOARD. SAMANTHA RICH, SVP OF RETAIL STORES, RECEIVED AN INCENTIVE BONUS OF $6,500.