Civic Intelligence

The New Jersey Technology Council Inc

EIN 22-3269507 • 501(c)6 • Jersey City, NJ

Profile

The new jersey technology council promotes new business and commerce in new jersey by offering more than 100 events designed to educate and enlighten members of the new jersey technology community.

1078 Summit Ave No 765Jersey City, NJ 07307

www.njtc.org

Siviq Scores

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

Liabilities / Assets

34th percentile

0.09x

Higher debt load relative to assets than 34% of similar nonprofits.

NTEE S41 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.25x

Higher debt load relative to revenue than 65% of similar nonprofits.

NTEE S41 • $1M-$5M nonprofits • Source year 2024

Net Margin

5th percentile

-35%

Higher net margin than 5% of similar nonprofits.

NTEE S41 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

88th percentile

$372,055

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 30.6% of source-year revenue.

NTEE S41 • $1M-$5M nonprofits • Source year 2024

Asset Growth

4th percentile

-29%

Faster asset growth than 4% of similar nonprofits.

NTEE S41 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-61%

Faster revenue growth than 2% of similar nonprofits.

NTEE S41 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$3,376,059

Down $1,410,124 (-29%) from 2023

Liabilities

Down

$302,931

Down $246,643 (-45%) from 2023

Net Assets

Down

$3,073,128

Down $1,163,481 (-27%) from 2023

Revenue

Down

$1,216,755

Down $1,889,801 (-61%) from 2023

Expenses

Down

$1,637,465

Down $583,459 (-26%) from 2023

Net Income

Down

-$420,710

Down $1,306,342 (-148%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $2,082,189Liabilities 2010: $557,544Net Assets 2010: $1,524,6452010Assets 2011: $1,919,879Liabilities 2011: $423,670Net Assets 2011: $1,496,2092011Assets 2012: $1,901,456Liabilities 2012: $402,186Net Assets 2012: $1,499,2702012Assets 2013: $1,769,022Liabilities 2013: $389,267Net Assets 2013: $1,379,7552013Assets 2014: $1,496,362Liabilities 2014: $332,567Net Assets 2014: $1,163,7952014Assets 2015: $2,025,916Liabilities 2015: $158,434Net Assets 2015: $1,867,4822015Assets 2016: $3,309,191Liabilities 2016: $86,375Net Assets 2016: $3,222,8162016Assets 2017: $3,267,098Liabilities 2017: $102,640Net Assets 2017: $3,164,4582017Assets 2018: $3,130,770Liabilities 2018: $69,536Net Assets 2018: $3,061,2342018Assets 2019: $3,758,831Liabilities 2019: $369,869Net Assets 2019: $3,388,9622019Assets 2020: $3,206,640Liabilities 2020: $239,213Net Assets 2020: $2,967,4272020Assets 2021: $4,151,638Liabilities 2021: $873,907Net Assets 2021: $3,277,7312021Assets 2022: $4,198,636Liabilities 2022: $660,653Net Assets 2022: $3,537,9832022Assets 2023: $4,786,183Liabilities 2023: $549,574Net Assets 2023: $4,236,6092023Assets 2024: $3,376,059Liabilities 2024: $302,931Net Assets 2024: $3,073,1282024

Highlighted filing

2024

Assets$3,376,059
Liabilities$302,931
Net Assets$3,073,128

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,142,6372010Expenses 2011: $2,040,3302011Revenue 2012: $2,313,179Expenses 2012: $2,310,118Net Income 2012: $3,0612012Revenue 2013: $1,876,813Expenses 2013: $1,996,328Net Income 2013: -$119,5152013Revenue 2014: $1,374,984Expenses 2014: $1,711,480Net Income 2014: -$336,4962014Revenue 2015: $1,176,647Expenses 2015: $1,314,460Net Income 2015: -$137,8132015Revenue 2016: $1,980,768Expenses 2016: $1,223,020Net Income 2016: $757,7482016Revenue 2017: $1,026,541Expenses 2017: $1,114,816Net Income 2017: -$88,2752017Revenue 2018: $1,071,902Expenses 2018: $1,176,040Net Income 2018: -$104,1382018Revenue 2019: $2,189,839Expenses 2019: $1,862,111Net Income 2019: $327,7282019Revenue 2020: $1,118,029Expenses 2020: $1,309,340Net Income 2020: -$191,3112020Revenue 2021: $2,442,061Expenses 2021: $1,721,566Net Income 2021: $720,4952021Revenue 2022: $2,541,459Expenses 2022: $2,281,207Net Income 2022: $260,2522022Revenue 2023: $3,106,556Expenses 2023: $2,220,924Net Income 2023: $885,6322023Revenue 2024: $1,216,755Expenses 2024: $1,637,465Net Income 2024: -$420,7102024

Highlighted filing

2024

Revenue$1,216,755
Expenses$1,637,465
Net Income-$420,710

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.38$0.30$3.07$1.22$1.64$0.42
2023Summary only. Only limited summary data is available for this year.$4.79$0.55$4.24$3.11$2.22$0.89
2022Summary only. Only limited summary data is available for this year.$4.20$0.66$3.54$2.54$2.28$0.26
2021Summary only. Only limited summary data is available for this year.$4.15$0.87$3.28$2.44$1.72$0.72
2020Summary only. Only limited summary data is available for this year.$3.21$0.24$2.97$1.12$1.31$0.19
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.76$0.37$3.39$2.19$1.86$0.33
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.13$0.07$3.06$1.07$1.18$0.10
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.27$0.10$3.16$1.03$1.11$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.31$0.09$3.22$1.98$1.22$0.76
2015Detailed filing. Detailed filing data is available for this year.$2.03$0.16$1.87$1.18$1.31$0.14
2014Summary only. Only limited summary data is available for this year.$1.50$0.33$1.16$1.37$1.71$0.34
2013Detailed filing. Detailed filing data is available for this year.$1.77$0.39$1.38$1.88$2.00$0.12
2012Summary only. Only limited summary data is available for this year.$1.90$0.40$1.50$2.31$2.31$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.92$0.42$1.50$2.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$0.56$1.52$2.14
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 13, 2025
Return Version
2024v5.2
Gross Receipts
$1,216,755
Mission and Program Overview

Mission

The new jersey technology council promotes new business and commerce in new jersey by offering more than 100 events designed to educate and enlighten members of the new jersey technology community.

To empower those who invent the future

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,879,202$2,378,144▼ $501,058
Pledges and Grants Receivable$0$232,500▲ $232,500
Loans From Officers Directors-$200,000-
Intangible Assets$110,702$67,842▼ $42,860
Other Notes and Loans Receivable, Net-$19,280-
Accounts Receivable$301,000$14,337▼ $286,663
Prepaid Expenses and Deferred Charges$8,888$4,301▼ $4,587
Land, Buildings, and Equipment, Net$3,637$3,074▼ $563
Total Assets$4,786,183$3,376,059▼ $1,410,124
Other Assets Total$1,482,754$656,581▼ $826,173
Liabilities
Other Liabilities$315,000--
Accounts Payable and Accrued Expenses$53,513$66,556▲ $13,043
Deferred Revenue$181,061$36,375▼ $144,686
Total Liabilities$549,574$302,931▼ $246,643
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,166,609$3,253,848▼ $912,761
Total Net Assets Fund Balance$4,236,609$3,073,128▼ $1,163,481
Total Liabilities and Net Assets / Fund Balance$4,786,183$3,376,059▼ $1,410,124

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0--
Other Land Buildings$3,074$18,400-
Land$0--
Equipment$0--
Leasehold Improvements$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024----$0
2023----$0
2022----$0
2021----$0
2020----$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Aaron PricePresidentFT$372,055$372,055
Jasmine HoffmanVP, Strategy and OperationsFT$159,498$159,498
Jasmine WardVP of Strategy-$159,498$159,498

Board Members and Trustees

NameTitle
Virginia AllingChairman
Andrew GilbertSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$50,000
Program Service Revenue
$1,018,101
Investment Income
$148,654
Other Revenue
$0
All Other Contributions
$50,000
Change in Net Assets
$-420,710

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Secur Prtnrshp Trust Intrsts1$31,875Fair Market Value (FMV)
Total Noncash Contributions1$31,875-

Audited Revenue Reconciliation

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

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,074,795
Other Expenses$562,670
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$404,594$138,648-$543,242
Other Salaries and Wages$425,242$106,311-$531,553
All Other Expenses$0$73,011$0$73,011
Office Expenses$3,128$46,367-$49,495
Other Expenses$28,257$9,462-$37,719
Information Technology$3,790$19,962-$23,752
Insurance$9,185$14,226-$23,411
Travel$5,626$2,613-$8,239
Occupancy$2,492$2,480-$4,972
Total Functional Expenses$1,147,456$490,009$0$1,637,465

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Form 990$0
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$200,000-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
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
Yes
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, Line 11B Form 990 Review Process

The Controller reviews the Form 990 with the external accounting firm of the organization and CPA.Once satisfied, she provides the Form 990 to the CEO for final review and approval after her review is complete.

Form 990 Part VI Line 15A Compensation Review and Approval Process, CEO and Top Managemennt

The Board of Directors reviews the compensation of the CEO and approves the compensation and bonuses on an annual basis.

Form 990, Part VI, Line 19 Other Organization Documents Publicly Available

No other documents available to the public.

Filing and Contact Details

Filer

Filer Name
New Jersey Technology Council Inc
EIN
22-3269507
Phone
7324565700
Address
1078 Summit Ave No 765, Jersey City, NJ 07307

Signing Officer

Name
Aaron Price
Title
CEO/President
Phone
7324565700
Signed
2025-03-13
Discuss with paid preparer
No

Organization Details

Formed
1993
Voting Board Members
3
Independent Board Members
3
Employees
10

Preparer

Firm
FM Financial Services LLC
Address
77 sugar Creek blvd Suite 600, Sugar Land, TX 77478
Preparer
Faiza Mehmood
Phone
9295716660
Supplemental Narrative

Financial Statement Notes

Part X - FASB ASC 740 Footnote

The Organization is exempt from federal income tax under provisions of Section501(c)(6) of the Internal Revenue Code. The Organization accounts for uncertain taxpositions as required by the guidance in ASC 740, Income Taxes. TheOrganization recognizes the financial statement benefit of a tax positiononly after determining that the relevant tax authority would more likely than notsustain the position following an audit. For tax positions meeting themore-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than fifty percent likelihoodof being realized upon ultimate settlement with the relevant tax authority. Whenrequired, the Organization recognizes interest and penalties related touncertain tax position in expenses in the Organizations consolidated statement ofactivities. As of December 31, 2023 and 2022, the Organization has determined thatthere are no uncertain tax positions, which include their tax status. The federaltax returns for the tax years ending 2020 2022 remain open to examination by theInternal Revenue Service. BFL is organized as a partnership for federal income taxpurposes, whereby the ordinary income or loss of the partnership, less certaindeductions, are passed through and reported on the individual partners tax returns.Therefore, no provision for federal income taxes have been provided forin the consolidated financial statements.

Raw XML AppendixShowing 400 of 472 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt053513
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt066556
IRS990/AccountsReceivableGrp/BOYAmt0301000
IRS990/AccountsReceivableGrp/EOYAmt014337
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To empower those who invent the future
IRS990/AllOtherContributionsAmt050000
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt073011
IRS990/AllOtherExpensesGrp/ProgramServicesAmt00
IRS990/AllOtherExpensesGrp/TotalAmt073011
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0false
IRS990/AuditedFinancialStmtAttInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0Aaron Price
IRS990/BooksInCareOfDetail/PhoneNum07324565700
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01078 Summit Ave Num 765
IRS990/BooksInCareOfDetail/USAddress/CityNm0Jersey City
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd007307
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt02879202
IRS990/CashNonInterestBearingGrp/EOYAmt02378144
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0138648
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0404594
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0543242
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt050000
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0148654
IRS990/CYOtherExpensesAmt0562670
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01018101
IRS990/CYRevenuesLessExpensesAmt0-420710
IRS990/CYSalariesCompEmpBnftPaidAmt01074795
IRS990/CYTotalExpensesAmt01637465
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01216755
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DeferredRevenueGrp/BOYAmt0181061
IRS990/DeferredRevenueGrp/EOYAmt036375
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0TechUnited NJ provides networking, education, business development, fundingopportunities, recognition, and advocacy for technology and life science companiesand their leaders. Founded in 1966, TechUnited NJ's more than 1,000 member companieswork together to support their own enterprises while advancing New Jersey's status asa leading technology hub in the nation.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt010
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExcsTaxSect4951Or4952Or4953Ind0false
IRS990/ExpenseAmt01437465
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form720FiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8886TFiledInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0Aaron Price
IRS990/Form990PartVIISectionAGrp/PersonNm1Jasmine Hoffman
IRS990/Form990PartVIISectionAGrp/PersonNm2Andrew Gilbert
IRS990/Form990PartVIISectionAGrp/PersonNm3Virginia Alling
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0372055
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1159498
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP, Strategy and Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Chairman
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0false
IRS990/FormationYr01993
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01216755
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt019962
IRS990/InformationTechnologyGrp/ProgramServicesAmt03790
IRS990/InformationTechnologyGrp/TotalAmt023752
IRS990/InsuranceGrp/ManagementAndGeneralAmt014226
IRS990/InsuranceGrp/ProgramServicesAmt09185
IRS990/InsuranceGrp/TotalAmt023411
IRS990/IntangibleAssetsGrp/BOYAmt0110702
IRS990/IntangibleAssetsGrp/EOYAmt067842
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0148654
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt018400
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03637
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03074
IRS990/LandBldgEquipCostOrOtherBssAmt021474
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0200000
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0To empower those who invent the future
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt04236609
IRS990/NetAssetsOrFundBalancesEOYAmt03073128
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04166609
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03253848
IRS990/NondeductibleContributionsInd0false
IRS990/NondeductibleContriDisclInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt02480
IRS990/OccupancyGrp/ProgramServicesAmt02492
IRS990/OccupancyGrp/TotalAmt04972
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt046367
IRS990/OfficeExpensesGrp/ProgramServicesAmt03128
IRS990/OfficeExpensesGrp/TotalAmt049495
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt01482754
IRS990/OtherAssetsTotalGrp/EOYAmt0656581
IRS990/OtherChangesInNetAssetsAmt0-750000
IRS990/OtherExpensesGrp/Desc0Consultants
IRS990/OtherExpensesGrp/Desc1Catering and Facilities
IRS990/OtherExpensesGrp/Desc2Marketing Expenses
IRS990/OtherExpensesGrp/Desc3Media and Publication Cost
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt048509
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt128420
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt29462
IRS990/OtherExpensesGrp/ProgramServicesAmt075884
IRS990/OtherExpensesGrp/ProgramServicesAmt1160280
IRS990/OtherExpensesGrp/ProgramServicesAmt228978
IRS990/OtherExpensesGrp/ProgramServicesAmt328257
IRS990/OtherExpensesGrp/TotalAmt0124393
IRS990/OtherExpensesGrp/TotalAmt1160280
IRS990/OtherExpensesGrp/TotalAmt257398
IRS990/OtherExpensesGrp/TotalAmt337719
IRS990/OtherLiabilitiesGrp/BOYAmt0315000
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0106311
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0425242
IRS990/OtherSalariesAndWagesGrp/TotalAmt0531553
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt019280
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0232500
IRS990/PoliciesReferenceChaptersInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08888
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04301
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt01078 Summit Ave #765
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Events and Sponsorship Revenue, Net
IRS990/ProgramServiceRevenueGrp/Desc1Membership Dues & Assessments
IRS990/ProgramServiceRevenueGrp/Desc2Management fees
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0683915
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1259186
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt275000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0377500
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0200341
IRS990/PYOtherExpensesAmt01093857
IRS990/PYProgramServiceRevenueAmt02528715
IRS990/PYRevenuesLessExpensesAmt0885632
IRS990/PYSalariesCompEmpBnftPaidAmt01127067
IRS990/PYTotalExpensesAmt02220924
IRS990/PYTotalRevenueAmt03106556
IRS990/QuidProQuoContributionsInd0false
IRS990/QuidProQuoContriDisclInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-420710
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/DisclosedForCharitablePrpsInd0false
IRS990ScheduleD/DisclosedOrgLegCtrlInd0false
IRS990ScheduleD/EndingBalanceAmt00
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt00
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03074
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018400
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt021474
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt00
IRS990ScheduleD/Section170hRqrStsfdInd0false
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from federal income tax under provisions of Section501(c)(6) of the Internal Revenue Code. The Organization accounts for uncertain taxpositions as required by the guidance in ASC 740, Income Taxes. TheOrganization recognizes the financial statement benefit of a tax positiononly after determining that the relevant tax authority would more likely than notsustain the position following an audit. For tax positions meeting themore-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than fifty percent likelihoodof being realized upon ultimate settlement with the relevant tax authority. Whenrequired, the Organization recognizes interest and penalties related touncertain tax position in expenses in the Organizations consolidated statement ofactivities. As of December 31, 2023 and 2022, the Organization has determined thatthere are no uncertain tax positions, which include their tax status. The federaltax returns for the tax years ending 2020 2022 remain open to examination by theInternal Revenue Service. BFL is organized as a partnership for federal income taxpurposes, whereby the ordinary income or loss of the partnership, less certaindeductions, are passed through and reported on the individual partners tax returns.Therefore, no provision for federal income taxes have been provided forin the consolidated financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X - FASB ASC 740 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03074
IRS990ScheduleD/TotalBookValueOtherAssetsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt00
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0372055
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1159498
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Aaron price
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Jasmine Ward
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VP of Strategy
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0372055
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1159498
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/ContributionCnt01
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/NoncashContributionsRptF990Amt031875
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Controller reviews the Form 990 with the external accounting firm of the organization and CPA.Once satisfied, she provides the Form 990 to the CEO for final review and approval after her review is complete.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors reviews the compensation of the CEO and approves the compensation and bonuses on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No other documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 Part VI Line 15a Compensation Review and Approval Process, CEO and Top Managemennt
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19 Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0934592665
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1934507153
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN2934496478
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1NJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd2NJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Consulting
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1Consulting
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2Consulting
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0BFL Holdings 2 LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1Better Future La
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2BFL ServiceCo LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt01078 Summit Ave 765
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt11078 Summit Ave 765
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt21078 Summit Ave 765
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0Jersey City
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm1Jersey City
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm2Jersey City
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd1NJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd2NJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd007307
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd107307
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd207307
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0934563210
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0Consulting
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0BFL Holdings LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfEOYAssetsAmt0100
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt0100
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt01078 Summit Ave 765
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0Jersey City
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd007307
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)6 • $1M-$5M nonprofits