Civic Intelligence

Downtown Millburn Development Alliance

EIN 22-3185210 • 501(c)3 • Millburn, NJ

Profile

To promote and enhance the economic vitality and improve the visual appearance of downtown millburn.

44 Main StreetMillburn, NJ 07041

www.downtownmillburn.org

Siviq Scores

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

Liabilities / Assets

76th percentile

0.07x

Higher debt load relative to assets than 76% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

64th percentile

0.00x

Higher debt load relative to revenue than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

51st percentile

1.9%

Higher net margin than 51% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

14th percentile

-66%

Faster asset growth than 14% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

37th percentile

-14%

Faster revenue growth than 37% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$8,247

Down $15,796 (-66%) from 2017

Liabilities

Down

$575

Down $19,794 (-97%) from 2017

Net Assets

Up

$7,672

Up $3,998 (+109%) from 2017

Revenue

Down

$210,365

Down $33,098 (-14%) from 2017

Expenses

Down

$206,367

Down $66,802 (-24%) from 2017

Net Income

Up

$3,998

Up $33,704 (+113%) from 2017

Trend Graphs

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2011: $57,723Liabilities 2011: $21,227Net Assets 2011: $36,4962011Assets 2012: $109,811Liabilities 2012: $29,028Net Assets 2012: $80,7832012Assets 2013: $102,118Liabilities 2013: $27,392Net Assets 2013: $74,7262013Assets 2014: $31,030Liabilities 2014: $5,203Net Assets 2014: $25,8272014Assets 2015: $35,566Liabilities 2015: $360Net Assets 2015: $35,2062015Assets 2016: $39,382Liabilities 2016: $6,002Net Assets 2016: $33,3802016Assets 2017: $24,043Liabilities 2017: $20,369Net Assets 2017: $3,6742017Assets 2018: $8,247Liabilities 2018: $575Net Assets 2018: $7,6722018

Highlighted filing

2018

Assets$8,247
Liabilities$575
Net Assets$7,672

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $229,225Expenses 2011: $237,815Net Income 2011: -$8,5902011Revenue 2012: $254,759Expenses 2012: $210,472Net Income 2012: $44,2872012Revenue 2013: $221,048Expenses 2013: $220,385Net Income 2013: $6632013Revenue 2014: $243,892Expenses 2014: $292,791Net Income 2014: -$48,8992014Revenue 2015: $239,771Expenses 2015: $230,391Net Income 2015: $9,3802015Revenue 2016: $238,284Expenses 2016: $240,110Net Income 2016: -$1,8262016Revenue 2017: $243,463Expenses 2017: $273,169Net Income 2017: -$29,7062017Revenue 2018: $210,365Expenses 2018: $206,367Net Income 2018: $3,9982018

Highlighted filing

2018

Revenue$210,365
Expenses$206,367
Net Income$3,998

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 2, 2019
Return Version
2018v3.1
Gross Receipts
$210,365
Mission and Program Overview

Mission

To promote and enhance the economic vitality and improve the visual appearance of downtown millburn.

To promote the economic vitality and improve the visual appearance of downtown millburn.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$20,348$6,347▼ $14,001
Accounts Receivable$2,500--
Prepaid Expenses and Deferred Charges$295$1,000▲ $705
Total Assets$24,043$8,247▼ $15,796
Other Assets Total$900$900→ $0
Liabilities
Accounts Payable and Accrued Expenses$20,369$575▼ $19,794
Total Liabilities$20,369$575▼ $19,794
Net Assets / Fund Balance
Unrestricted Net Assets$3,674$7,672▲ $3,998
Total Net Assets Fund Balance$3,674$7,672▲ $3,998
Total Liabilities and Net Assets / Fund Balance$24,043$8,247▼ $15,796

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$900--
Compensation and Service Providers

Board Members and Trustees

NameTitle
David SorkinPresident
Harry RothVice President
Jerry OcchiuzziDirector
Judith KramerDirector
Robert SchultzDirector
Sam CiardiDirector
Tom LeeDirector
Tsambika PelardisDirector
Dj PriorDirector to 3/18
Roderick AriasDirector to 3/18
Chris JordaDirector to 4/18
Vickie PowellDirector to 4/18
Cassie FishkinDirector to 5/18
Jennine MaherSecretary
Nancy StoneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,000
Program Service Revenue
$199,850
Investment Income
$65
Other Revenue
$1,450
Change in Net Assets
$3,998

Audited Revenue Reconciliation

Revenue per Audited Statements
$210,365
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$210,365
Total Revenue per Form 990
$210,365
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$111,825
Salaries, Compensation, and Employee Benefits$52,267
Grants and Similar Amounts Paid$42,275
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$37,401$9,350-$46,751
Grants to Domestic Orgs$42,275--$42,275
Fees for Services Legal-$16,691-$16,691
Fees for Services Management-$11,554-$11,554
Fees for Services Accounting-$9,789-$9,789
Occupancy$6,840$1,710-$8,550
Payroll Taxes$4,413$1,103-$5,516
Office Expenses$3,557$890-$4,447
Insurance$3,523$881-$4,404
Other Expenses$16,050$868-$868
Fees for Services Other-$753-$753
Total Functional Expenses$152,778$53,589$0$206,367

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$206,367
Total Expenses per Audited Statements$206,367
Total Expenses per Form 990$206,367
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Millburn-short Hills Chamber of CommerceMillburn, NJ501c6Program Support$26,000
Millburn Township Beautification LeagueMillburn, NJ501c3Program Support$16,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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

The treasurer reviews the 990 before filing.

Form 990, Part VI, Section B, Line 12C

The board secretary is responsible for managing conflicts as they occur.

Form 990, Part VI, Section C, Line 19

The organization makes information available for public inspection upon written request.

Filing and Contact Details

Filer

Filer Name
Downtown Millburn Development Alliance
EIN
22-3185210
Phone
9733792341
Address
44 MAIN STREET, MILLBURN, NJ 07041

Signing Officer

Name
David Sorkin
Title
President
Phone
9733792341
Signed
2019-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Sorkin
Formed
1992
Legal Domicile
Nj
Voting Board Members
15
Independent Board Members
15
Employees
4
Volunteers
15

Preparer

Firm
Hill Barth & King LLC
Address
100 WALNUT AVENUE, CLARK, NJ 07066
Preparer
Kathleen M Clayton CPA
Phone
7323818887
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The executive board assumes responsibility and oversight for the annual audit.

Financial Statement Notes

PART X, LINE 2:

The organization accounts for uncertainty in income taxes using a recognition threshold of more-likely-than not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold is met. Management determined there were no tax uncertainties that met the recognition threshold in 2018.

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15850
IRS990/ProgSrvcAccomActy2Grp/Desc0SPECIAL EVENTS-TO PROMOTE DOWNTOWN MILLBURN THROUGH VARIOUS EVENTS, SUCH AS CAR SHOWS AND A SNOWFLAKE PARADE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt034869
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt034869
IRS990/ProgSrvcAccomActy3Grp/Desc0VISUAL IMPROVEMENT-TO ENCHANCE THE STREET AND STOREFRONTS IN ORDER TO DRAW PATRONS TO THE DISTRICT.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt041006
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt041006
IRS990/ProgSrvcAccomActyOtherGrp/Desc0DONATIONS TO LOCAL ORGANIZATIONS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt042275
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt042275
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt090797
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt019000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt080
IRS990/PYOtherExpensesAmt0172673
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0224383
IRS990/PYRevenuesLessExpensesAmt0-29706
IRS990/PYSalariesCompEmpBnftPaidAmt0100496
IRS990/PYTotalExpensesAmt0273169
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0243463
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt03998
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt034628
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt09000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt019000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt09336
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt037336
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt065
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt080
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt076
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt034
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt074
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0329
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt058369
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99970
IRS990ScheduleA/PublicSupportPY170Pct00.99970
IRS990ScheduleA/PublicSupportTotal170Amt01050036
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0194000
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0200850
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0200850
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0204000
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0213000
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt01012700
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0203000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0219850
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0210186
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0204000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0213000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01050036
IRS990ScheduleA/TotalSupportAmt01050365
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0206367
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0900
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0210365
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0900
IRS990ScheduleD/TotalExpensesPerForm990Amt0206367
IRS990ScheduleD/TotalRevenuePerForm990Amt0210365
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0210365
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0206367
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt026000
IRS990ScheduleI/RecipientTable/CashGrantAmt116000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C6
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501C3
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0PROGRAM SUPPORT
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc1PROGRAM SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROGRAM SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1PROGRAM SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MILLBURN-SHORT HILLS CHAMBER OF COMMERCE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1MILLBURN TOWNSHIP BEAUTIFICATION LEAGUE
IRS990ScheduleI/RecipientTable/RecipientEIN0222268741
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0343 MILLBURN AVE SUITE 303
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1375 MILLBURN AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MILLBURN
IRS990ScheduleI/RecipientTable/USAddress/CityNm1MILLBURN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NJ
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd007041
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd107041
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH VALUE
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1CASH VALUE
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANT RECIPIENTS ARE LOCAL NONPROFIT ORGANIZATIONS THAT ENHANCE AND SUPPORT THE MISSION OF THE ALLIANCE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER REVIEWS THE 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD SECRETARY IS RESPONSIBLE FOR MANAGING CONFLICTS AS THEY OCCUR.

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