Civic Intelligence

Toms River Seaport Society

EIN 22-2290416 • 501(c)3 • Toms River, NJ

Profile

Public museum

PO Box 1111Toms River, NJ 08754

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

7th percentile

-161%

Higher net margin than 7% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

87th percentile

$18,540

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 82.9% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

30th percentile

-23%

Faster asset growth than 30% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

50th percentile

-2.2%

Faster revenue growth than 50% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$97,278

Down $29,423 (-23%) from 2021

Liabilities

Down

$0

Down $30 (-100%) from 2021

Net Assets

Down

$97,278

Down $29,393 (-23%) from 2021

Revenue

Down

$22,371

Down $503 (-2.2%) from 2021

Expenses

Up

$58,450

Up $3,926 (+7.2%) from 2021

Net Income

Down

-$36,079

Down $4,429 (-14%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2010: $379,760Liabilities 2010: $2,7752010Assets 2011: $368,254Liabilities 2011: $1,4552011Assets 2012: $386,736Liabilities 2012: $46,8032012Assets 2013: $334,858Liabilities 2013: $5,3052013Assets 2014: $350,124Liabilities 2014: $6,5042014Assets 2015: $329,780Liabilities 2015: $5,2482015Assets 2016: $315,621Liabilities 2016: $02016Assets 2017: $320,944Liabilities 2017: $8,821Net Assets 2017: $312,1232017Assets 2018: $269,457Liabilities 2018: $983Net Assets 2018: $268,4742018Assets 2019: $253,424Liabilities 2019: $1,118Net Assets 2019: $252,3062019Assets 2020: $159,839Liabilities 2020: $1,518Net Assets 2020: $158,3212020Assets 2021: $126,701Liabilities 2021: $30Net Assets 2021: $126,6712021Assets 2022: $97,278Liabilities 2022: $0Net Assets 2022: $97,2782022

Highlighted filing

2022

Assets$97,278
Liabilities$0
Net Assets$97,278

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50K-$100KRevenue 2010: $75,271Expenses 2010: $40,580Net Income 2010: $34,6912010Revenue 2011: -$1,461Expenses 2011: $59,067Net Income 2011: -$60,5282011Revenue 2012: $37,704Expenses 2012: $96,040Net Income 2012: -$58,3362012Revenue 2013: $43,936Expenses 2013: $54,775Net Income 2013: -$10,8392013Revenue 2014: $43,998Expenses 2014: $55,495Net Income 2014: -$11,4972014Revenue 2015: $59,824Expenses 2015: $61,529Net Income 2015: -$1,7052015Revenue 2016: $19,589Expenses 2016: $36,316Net Income 2016: -$16,7272016Revenue 2017: $37,073Expenses 2017: $66,157Net Income 2017: -$29,0842017Revenue 2018: $34,666Expenses 2018: $38,234Net Income 2018: -$3,5682018Revenue 2019: $53,146Expenses 2019: $65,098Net Income 2019: -$11,9522019Revenue 2020: -$5,282Expenses 2020: $59,791Net Income 2020: -$65,0732020Revenue 2021: $22,874Expenses 2021: $54,524Net Income 2021: -$31,6502021Revenue 2022: $22,371Expenses 2022: $58,450Net Income 2022: -$36,0792022

Highlighted filing

2022

Revenue$22,371
Expenses$58,450
Net Income-$36,079

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 20, 2023
Return Version
2022v5.0
Gross Receipts
$97,194
Mission and Program Overview

Mission

Public museum

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$60,297$55,008▼ $5,289
Savings and Temporary Cash Investments$54,618$28,077▼ $26,541
Inventories for Sale or Use$10,076$11,796▲ $1,720
Cash and Non-Interest-Bearing Accounts$1,710$2,397▲ $687
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$126,701$97,278▼ $29,423
Other Assets Total-$0-
Liabilities
Other Liabilities$30--
Total Liabilities$30$0▼ $30
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$126,671$97,278▼ $29,393
Total Net Assets Fund Balance$126,671$97,278▼ $29,393
Total Liabilities and Net Assets / Fund Balance$126,701$97,278▼ $29,423

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$40,919$33,031$73,950
Leasehold Improvements$13,479$17,005$30,484
Other Land Buildings$610$21,859$22,469
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Erik WeberDirectorPT$18,540$18,540

Board Members and Trustees

NameTitle
Karen PorcelloPresident
George CorbeelsVice President
Craig McLeanTrustee
Gary MoonTrustee
Jack HeacockTrustee
Nancy CrabbeTrustee
Dan CrabbeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$23,083
Program Service Revenue
$2,400
Investment Income
$-7,953
Other Revenue
$4,841
All Other Contributions
$23,083
Change in Net Assets
$-36,079
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$32,239
Salaries, Compensation, and Employee Benefits$26,211
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$18,540--$18,540
Insurance-$7,468-$7,468
Occupancy$6,893--$6,893
Depreciation Depletion$5,289--$5,289
Office Expenses-$4,969-$4,969
Fees for Services Accounting-$4,435-$4,435
Other Salaries and Wages$3,987--$3,987
Payroll Taxes$3,684--$3,684
Other Expenses$117--$117
Total Functional Expenses$41,578$16,872$0$58,450
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$5,985
Gaming Direct Expenses$3,470
Fundraising Gross Income$1,673
Fundraising Direct Expenses$1,615
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Toms River Seaport Society
EIN
22-2290416
Phone
7323499209
Address
PO Box 1111, Toms River, NJ 08754

Signing Officer

Name
Karen Porcello
Title
President
Signed
2023-05-20
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Nj
Voting Board Members
7
Independent Board Members
0
Employees
2
Volunteers
15

Preparer

Firm
Koerner & Koerner PA
Address
10 Allen Street Suite 3A, Toms River, NJ 08753
Preparer
James K Koerner
Phone
7322442323
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt028778
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt026541
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0121052
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0351
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0803
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04571
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt09375
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt09718
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt024818
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03587
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01694
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0305
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01221
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0877
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt07684
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0351
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0803
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04571
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt09375
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt09718
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt024818
IRS990ScheduleA/InvestmentIncomeCYPct00.17020
IRS990ScheduleA/InvestmentIncomePYPct00.21050
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0-8304
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0-1710
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0-22464
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt019997
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt04757
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0-7724
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.88280
IRS990ScheduleA/PublicSupportPY509Pct00.78580
IRS990ScheduleA/PublicSupportTotal509Amt0128736
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt029070
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt028666
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt013583
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt029999
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt027418
IRS990ScheduleA/Total509Grp/TotalAmt0128736
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt021117
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt027759
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0-4310
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt059371
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt041893
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0145830
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt040919
IRS990ScheduleD/BuildingsGrp/DepreciationAmt033031
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt073950
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt013479
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt017005
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt030484
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0610
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt021859
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt022469
IRS990ScheduleD/TotalBookValueLandBuildingsAmt055008
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0126701
IRS990/TotalAssetsEOYAmt097278
IRS990/TotalAssetsGrp/BOYAmt0126701
IRS990/TotalAssetsGrp/EOYAmt097278
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt023083
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt016872
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt041578
IRS990/TotalFunctionalExpensesGrp/TotalAmt058450
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt030
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt030
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0126671
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt097278
IRS990/TotalProgramServiceExpensesAmt041578
IRS990/TotalProgramServiceRevenueAmt02400
IRS990/TotalReportableCompFromOrgAmt018540
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-770
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt022371
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0126701
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt097278
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 1111

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