Civic Intelligence

Morristown Partners Inc

EIN 22-3307187 • 501(c)3 • Morristown, NJ

Profile

Foster and encourage self-help programs to enhance the local business climate, provide administrative and other services to benefit business, employees, residents and consumers and promote and preserve the cultural, historic, touristic and civic interests of the town of morristown and its special improvement district.

14 Maple Avenue Suite 201Morristown, NJ 07960-5451

www.morristown-nj.org

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.51x

Higher debt load relative to assets than 82% of similar nonprofits.

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

Liabilities / Revenue

70th percentile

0.29x

Higher debt load relative to revenue than 70% of similar nonprofits.

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

Net Margin

88th percentile

31%

Higher net margin than 88% of similar nonprofits.

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

Top Officer Pay

47th percentile

$151,691

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

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

Asset Growth

95th percentile

116%

Faster asset growth than 95% of similar nonprofits.

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

Revenue Growth

89th percentile

58%

Faster revenue growth than 89% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$1,150,839

Up $616,841 (+116%) from 2023

Liabilities

Down

$584,632

Down $17,504 (-2.9%) from 2023

Net Assets

Up

$566,207

Up $634,345 (+931%) from 2023

Operations
Liabilities / Revenue70th percentileNet Margin88th percentile

Revenue

Up

$2,023,052

Up $743,949 (+58%) from 2023

Expenses

Up

$1,388,707

Up $196,368 (+16%) from 2023

Net Income

Up

$634,345

Up $547,581 (+631%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth95th percentile

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

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2010: $297,058Liabilities 2010: $866,651Net Assets 2010: -$569,5932010Assets 2011: $253,311Liabilities 2011: $824,981Net Assets 2011: -$571,6702011Assets 2012: $207,350Liabilities 2012: $700,790Net Assets 2012: -$493,4402012Assets 2013: $777,278Liabilities 2013: $901,211Net Assets 2013: -$123,9332013Assets 2014: $730,480Liabilities 2014: $791,449Net Assets 2014: -$60,9692014Assets 2015: $572,010Liabilities 2015: $820,521Net Assets 2015: -$248,5112015Assets 2016: $552,747Liabilities 2016: $937,423Net Assets 2016: -$384,6762016Assets 2017: $446,104Liabilities 2017: $789,854Net Assets 2017: -$343,7502017Assets 2018: $362,511Liabilities 2018: $627,507Net Assets 2018: -$264,9962018Assets 2019: $307,137Liabilities 2019: $643,222Net Assets 2019: -$336,0852019Assets 2020: $247,649Liabilities 2020: $587,989Net Assets 2020: -$340,3402020Assets 2021: $308,315Liabilities 2021: $447,042Net Assets 2021: -$138,7272021Assets 2022: $497,689Liabilities 2022: $652,591Net Assets 2022: -$154,9022022Assets 2023: $533,998Liabilities 2023: $602,136Net Assets 2023: -$68,1382023Assets 2024: $1,150,839Liabilities 2024: $584,632Net Assets 2024: $566,2072024

Highlighted filing

2024

Assets$1,150,839
Liabilities$584,632
Net Assets$566,207
Open 2024 Filing

Operations Trend

Revenue Growth89th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $880,8172010Revenue 2011: $806,094Expenses 2011: $808,171Net Income 2011: -$2,0772011Expenses 2012: $693,2472012Revenue 2013: $771,107Expenses 2013: $836,116Net Income 2013: -$65,0092013Revenue 2014: $827,162Expenses 2014: $764,198Net Income 2014: $62,9642014Revenue 2015: $1,044,170Expenses 2015: $1,231,712Net Income 2015: -$187,5422015Revenue 2016: $1,035,691Expenses 2016: $1,171,856Net Income 2016: -$136,1652016Revenue 2017: $1,069,795Expenses 2017: $1,028,869Net Income 2017: $40,9262017Revenue 2018: $1,156,853Expenses 2018: $1,078,099Net Income 2018: $78,7542018Revenue 2019: $1,044,726Expenses 2019: $1,115,815Net Income 2019: -$71,0892019Revenue 2020: $1,466,079Expenses 2020: $1,470,334Net Income 2020: -$4,2552020Revenue 2021: $1,247,187Expenses 2021: $1,045,574Net Income 2021: $201,6132021Revenue 2022: $1,146,947Expenses 2022: $1,163,122Net Income 2022: -$16,1752022Revenue 2023: $1,279,103Expenses 2023: $1,192,339Net Income 2023: $86,7642023Revenue 2024: $2,023,052Expenses 2024: $1,388,707Net Income 2024: $634,3452024

Highlighted filing

2024

Revenue$2,023,052
Expenses$1,388,707
Net Income$634,345
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,150,839
Liabilities
$584,632
Net assets
$566,207
Revenue
$2,023,052
Expenses
$1,388,707
Net income
$634,345
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.15$0.58$0.57$2.02$1.39$0.63
2023Detailed filing. Detailed filing data is available for this year.$0.53$0.60$0.07$1.28$1.19$0.09
2022Detailed filing. Detailed filing data is available for this year.$0.50$0.65$0.15$1.15$1.16$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.31$0.45$0.14$1.25$1.05$0.20
2020Detailed filing. Detailed filing data is available for this year.$0.25$0.59$0.34$1.47$1.47$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.31$0.64$0.34$1.04$1.12$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.36$0.63$0.26$1.16$1.08$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.45$0.79$0.34$1.07$1.03$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.55$0.94$0.38$1.04$1.17$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.57$0.82$0.25$1.04$1.23$0.19
2014Detailed filing. Detailed filing data is available for this year.$0.73$0.79$0.06$0.83$0.76$0.06
2013Detailed filing. Detailed filing data is available for this year.$0.78$0.90$0.12$0.77$0.84$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.70$0.49$0.69
2011Summary only. Only limited summary data is available for this year.$0.25$0.82$0.57$0.81$0.81$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.87$0.57$0.88
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.0
Gross Receipts
$2,023,052
Mission and Program Overview

Mission

To promote economic growth and revitalization, enhance commercial visibility and attractiveness of the local business climate and encourage self-help programs in the town of morristown.

Foster and encourage self-help programs to enhance the local business climate, provide administrative and other services to benefit business, employees, residents and consumers and promote and preserve the cultural, historic, touristic and civic interests of the town of morristown and its special improvement district.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$328,253$511,331▲ $183,078
Cash and Non-Interest-Bearing Accounts$12,690$479,894▲ $467,204
Accounts Receivable$38,950$79,400▲ $40,450
Prepaid Expenses and Deferred Charges$2,425$4,374▲ $1,949
Total Assets$533,998$1,150,839▲ $616,841
Other Assets Total$151,680$75,840▼ $75,840
Liabilities
Accounts Payable and Accrued Expenses$243,789$365,458▲ $121,669
Other Liabilities$251,680$125,840▼ $125,840
Unsecured Notes Loans Payable$106,667$93,334▼ $13,333
Total Liabilities$602,136$584,632▼ $17,504
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-68,138$566,207▲ $634,345
Total Net Assets Fund Balance$-68,138$566,207▲ $634,345
Total Liabilities and Net Assets / Fund Balance$533,998$1,150,839▲ $616,841

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$511,331$1,415,464$1,926,795
Other Assets Org$75,840--
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer WehringExecutive DiFT$134,231$17,460$151,691
Jennifer WehringExecutive Director-$134,231$17,460$151,691

Board Members and Trustees

NameTitle
Ryan DawsonPresident
Anika JosephTrustee
Biagio ScottoTrustee
Dick TigheTrustee
Joe Lobozzo JrTrustee
Leia GaccioneTrustee
Mark Von BradskyTrustee
Michael WitkoTrustee
Michelle MongeyTrustee
Nestor BedoyaTrustee
Ori KasneciTrustee
Philip Del GiudiceTrustee
Robert NishTrustee
Steve PylypchukTrustee
William BraunschweigerTrustee
John WalshSecretary
Kim RyanTreasurer
Jeff RawdingVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,023,052
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$620,248
Change in Net Assets
$634,345

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,023,052
Total Revenue per Audited Statements
$2,023,052
Total Revenue per Form 990
$2,023,052
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$985,398
Salaries, Compensation, and Employee Benefits$403,309
Total Fundraising Expense$5,509
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$177,044$7,488$1,692$186,224
Current Officers, Directors, Trustees, and Key Employees$99,331$33,558$1,342$134,231
Occupancy$71,350$10,786$830$82,966
All Other Expenses$70,948$6,519$331$77,798
Depreciation Depletion$59,065$6,563-$65,628
Other Employee Benefits$47,156$7,003$518$54,677
Other Expenses$47,219--$47,219
Insurance$39,495$5,970$459$45,924
Payroll Taxes$24,301$3,609$267$28,177
Fees for Services Other$2,790$25,128-$27,918
Interest$6,021$910$70$7,001
Total Functional Expenses$1,275,664$107,534$5,509$1,388,707

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,388,707
Total Expenses per Audited Statements$1,388,707
Total Expenses per Form 990$1,388,707
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$75,840
Line of Credit$50,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 12C

“The written conflict of interest policy requires all trustees to complete disclosure forms on an annual basis. The treasurer ensures that all forms are submitted and reviewed with the executive committee for any that discl ose actual or potential threats of conflict of interest.”

Form 990, Page 6, Part VI, Line 15A

“Board of trustees/executive committee review and approve all management and key employee salaries, as well as review and approve any increases. Comparisons made to similar organizations and management/key employee compensation, as well as similar responsibilities.”

Form 990, Page 6, Part VI, Line 15B

“Board of trustees/executive committee review and approve all management and key employee salaries, as recommended by the executive director on an annual basis.”

Form 990, Page 6, Part VI, Line 18

“Governing and organization documents are available upon request, as well a s public domains, such as guidestar and nj division of consumer affairs.”

Form 990, Page 6, Part VI, Line 19

“Governing and organization documents are available upon request, as well a s public domains, such as guidestar and nj division of consumer affairs.”

Filing and Contact Details

Filer

Filer Name
Morristown Partners Inc
EIN
22-3307187
Phone
9734551133
Address
14 MAPLE AVENUE SUITE 201, MORRISTOWN, NJ 07960-5451

Signing Officer

Name
Jennifer Wehring
Title
Executive Director
Phone
9734551133
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Wehring
Formed
1994
Legal Domicile
Nj
Voting Board Members
19
Independent Board Members
18
Employees
9
Volunteers
25

Preparer

Firm
Kudisch Oster & Company LLC
Address
129 GROVE ST, MONTCLAIR, NJ 07042
Preparer
William R Oster CPA
Phone
9733387032
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Foster and encourage self-help programs to enhance the local business climate, provide administrative and other services to benefit business, employees, residents and consumers and promote and preserve the cultural, historic, touristic and civic interests of the town of morristown and its special improvement district.”

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JENNIFER WEHRING
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FOSTER AND ENCOURAGE SELF-HELP PROGRAMS TO ENHANCE THE LOCAL BUSINESS CLIMATE, PROVIDE ADMINISTRATIVE AND OTHER SERVICES TO BENEFIT BUSINESS, EMPLOYEES, RESIDENTS AND CONSUMERS AND PROMOTE AND PRESERVE THE CULTURAL, HISTORIC, TOURISTIC AND CIVIC INTERESTS OF THE TOWN OF MORRISTOWN AND ITS SPECIAL IMPROVEMENT DISTRICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE WRITTEN CONFLICT OF INTEREST POLICY REQUIRES ALL TRUSTEES TO COMPLETE DISCLOSURE FORMS ON AN ANNUAL BASIS. THE TREASURER ENSURES THAT ALL FORMS ARE SUBMITTED AND REVIEWED WITH THE EXECUTIVE COMMITTEE FOR ANY THAT DISCL OSE ACTUAL OR POTENTIAL THREATS OF CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF TRUSTEES/EXECUTIVE COMMITTEE REVIEW AND APPROVE ALL MANAGEMENT AND KEY EMPLOYEE SALARIES, AS WELL AS REVIEW AND APPROVE ANY INCREASES. COMPARISONS MADE TO SIMILAR ORGANIZATIONS AND MANAGEMENT/KEY EMPLOYEE COMPENSATION, AS WELL AS SIMILAR RESPONSIBILITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD OF TRUSTEES/EXECUTIVE COMMITTEE REVIEW AND APPROVE ALL MANAGEMENT AND KEY EMPLOYEE SALARIES, AS RECOMMENDED BY THE EXECUTIVE DIRECTOR ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING AND ORGANIZATION DOCUMENTS ARE AVAILABLE UPON REQUEST, AS WELL A S PUBLIC DOMAINS, SUCH AS GUIDESTAR AND NJ DIVISION OF CONSUMER AFFAIRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING AND ORGANIZATION DOCUMENTS ARE AVAILABLE UPON REQUEST, AS WELL A S PUBLIC DOMAINS, SUCH AS GUIDESTAR AND NJ DIVISION OF CONSUMER AFFAIRS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C

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