Civic Intelligence

Morristown Partners Inc T/A Morristown Partnership

990 • Fiscal year 2017 • EIN 22-3307187

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

Organization ProfileWWW.MORRISTOWN-NJ.ORG

View Organization Page

14 Maple Avenue No 201Morristown, NJ 07960-5451

(973) 455-1133

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

1.77x

Higher debt load relative to assets than 98% of similar nonprofits.

2017 filings • NTEE S • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

69th percentile

0.74x

Higher debt load relative to revenue than 69% of similar nonprofits.

2017 filings • NTEE S • $1M-$5M nonprofits • Source year 2017

Net Margin

50th percentile

3.8%

Higher net margin than 50% of similar nonprofits.

2017 filings • NTEE S • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

56th percentile

$115,664

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 10.8% of source-year revenue.

2017 filings • NTEE S • $1M-$5M nonprofits • Source year 2017

Asset Growth

8th percentile

-19%

Faster asset growth than 8% of similar nonprofits.

2017 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

50th percentile

3.3%

Faster revenue growth than 50% of similar nonprofits.

2017 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$446,104

Down $106,643 (-19%) from 2016

Net Assets

Up

-$343,750

Up $40,926 (+11%) from 2016

Liabilities

Down

$789,854

Down $147,569 (-16%) from 2016

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin50th percentile

Revenue

Up

$1,069,795

Up $34,104 (+3.3%) from 2016

Expenses

Down

$1,028,869

Down $142,987 (-12%) from 2016

Net Income

Up

$40,926

Up $177,091 (+130%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2017

Assets$446,104
Liabilities$789,854
Net Assets-$343,750
Open 2017 Filing

Operations Trend

Revenue Growth50th percentile

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$1,069,795
Expenses$1,028,869
Net Income$40,926
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$1,069,795
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.

To promote economic growth and revitalization, enhance commercial visibility and attractiveness, 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$523,325$418,265▼ $105,060
Accounts Receivable$15,265$10,653▼ $4,612
Cash and Non-Interest-Bearing Accounts$4,934$9,082▲ $4,148
Prepaid Expenses and Deferred Charges$9,223$8,104▼ $1,119
Intangible Assets-$0-
Total Assets$552,747$446,104▼ $106,643
Liabilities
Mortgage Notes Payable Secured by Investment Property$650,132$592,218▼ $57,914
Accounts Payable and Accrued Expenses$287,291$197,636▼ $89,655
Total Liabilities$937,423$789,854▼ $147,569
Net Assets / Fund Balance
Unrestricted Net Assets$-384,676$-343,750▲ $40,926
Total Net Assets Fund Balance$-384,676$-343,750▲ $40,926
Total Liabilities and Net Assets / Fund Balance$552,747$446,104▼ $106,643

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$412,982$1,030,876$1,443,858
Equipment$4,970$28,586$33,556
Other Land Buildings$313$16,608$16,921
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer WehringExecutive DirectorFT$110,000$5,664$115,664

Board Members and Trustees

NameTitle
Philip Del GiudiceChairman
Frank VitoloPresident
William BraunschweigerVice President
Allen KopelsonTrustee
Biagio ScottoTrustee
David BernatTrustee
Dick TigheTrustee
Jack McdonaldTrustee
Jeff BabcockTrustee
John WalshTrustee
MATTHEW O'DONNELL ESQTrustee
Michael ElmsTrustee
Rich SmithTrustee
Ryan DawsonTrustee
Stacey SchlosserTrustee
William DotterweichTrustee
Jeff RawdingSecretary
Kim RyanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$613,782
Program Service Revenue
$456,013
Investment Income
$0
Other Revenue
$0
All Other Contributions
$19,072
Change in Net Assets
$40,926

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,069,795
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$46,500
Total Revenue per Audited Statements
$1,116,295
Total Revenue per Form 990
$1,069,795
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$775,554
Total Fundraising Expense$306,715
Salaries, Compensation, and Employee Benefits$253,315
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$66,741$52,721-$119,462
Current Officers, Directors, Trustees, and Key Employees$86,747$28,917-$115,664
Depreciation Depletion$75,639$29,421-$105,060
Office Expenses$33,295$17,904-$51,199
Occupancy$39,138$9,040-$48,178
Advertising$46,913--$46,913
Insurance$12,561$6,752-$19,313
Payroll Taxes$11,830$6,359-$18,189
Fees for Services Legal-$14,820-$14,820
Fees for Services Accounting-$14,000-$14,000
Other Expenses$5,996$3,225$306,715$9,221
Interest-$8,216-$8,216
All Other Expenses$1,659--$1,659
Total Functional Expenses$530,779$191,375$306,715$1,028,869

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,075,369
Expenses per Audited Statements$1,028,869
Total Expenses per Form 990$1,028,869
Expenses Not Reported on Form 990$46,500
Expenses Not Reported on Financial Statements$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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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, Part VI, Section B, Line 11B

“Executive director and treasurer review a draft of the form 990 prior to filing. The final version of the form 990 is distributed to the entire board, morristown town council and mayor and the new jersey department of community affairs.”

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

“Trustees of the organization are required annualy to sign conflict of interest policy acknowledgement document.”

Form 990, Part VI, Section B, Line 15

“Executive committee reviews employee compensation and makes recommendations to the entire board. The committee also reviews any employment contracts.”

Form 990, Part VI, Section C, Line 19

“Copies of the governing documents, financial statements of the organization and form 990 are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Morristown Partners Inc
EIN
22-3307187
Phone
9734551133
Address
14 MAPLE AVENUE NO 201, MORRISTOWN, NJ 07960-5451

Signing Officer

Name
Jennifer Wehring
Title
Executive Director
Phone
9734551133
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Wehring
Formed
1994
Legal Domicile
Nj
Voting Board Members
18
Independent Board Members
18
Employees
3
Volunteers
50

Preparer

Firm
Marks Paneth Llp
Address
8 CAMPUS DRIVE 4TH FLOOR, PARSIPPANY, NJ 07054
Preparer
Richard Terrano
Phone
9732671400
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process of oversight of the audit of financial statements and selection of independent accountant has not changed from the prior year.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GovernmentGrantsAmt0594710
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01069795
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt06752
IRS990/InsuranceGrp/ProgramServicesAmt012561
IRS990/InsuranceGrp/TotalAmt019313
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt08216
IRS990/InterestGrp/TotalAmt08216
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt019
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01076070
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0523325
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0418265
IRS990/LandBldgEquipCostOrOtherBssAmt01494335
IRS990/LegalDomicileStateCd0NJ
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0650132
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0592218
IRS990/NetAssetsOrFundBalancesBOYAmt0-384676
IRS990/NetAssetsOrFundBalancesEOYAmt0-343750
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt09040
IRS990/OccupancyGrp/ProgramServicesAmt039138
IRS990/OccupancyGrp/TotalAmt048178
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt017904
IRS990/OfficeExpensesGrp/ProgramServicesAmt033295
IRS990/OfficeExpensesGrp/TotalAmt051199
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SPECIAL EVENTS
IRS990/OtherExpensesGrp/Desc1PUBLIC RELATIONS
IRS990/OtherExpensesGrp/Desc2STREETSCAPE
IRS990/OtherExpensesGrp/Desc3UTILITIES
IRS990/OtherExpensesGrp/FundraisingAmt0306715
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03225
IRS990/OtherExpensesGrp/ProgramServicesAmt094780
IRS990/OtherExpensesGrp/ProgramServicesAmt155480
IRS990/OtherExpensesGrp/ProgramServicesAmt25996
IRS990/OtherExpensesGrp/TotalAmt0306715
IRS990/OtherExpensesGrp/TotalAmt194780
IRS990/OtherExpensesGrp/TotalAmt255480
IRS990/OtherExpensesGrp/TotalAmt39221
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt052721
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt066741
IRS990/OtherSalariesAndWagesGrp/TotalAmt0119462
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06359
IRS990/PayrollTaxesGrp/ProgramServicesAmt011830
IRS990/PayrollTaxesGrp/TotalAmt018189
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09223
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08104
IRS990/PrincipalOfficerNm0JENNIFER WEHRING
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0SPECIAL EVENTS
IRS990/ProgramServiceRevenueGrp/Desc1GIFT CERTIFICATES SALE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0376765
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt179248
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0376765
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt179248
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0601448
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0844808
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0434243
IRS990/PYRevenuesLessExpensesAmt0-136165
IRS990/PYSalariesCompEmpBnftPaidAmt0327048
IRS990/PYTotalExpensesAmt01171856
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01035691
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt040926
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0456013
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0603782
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0601448
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0622407
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0635001
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0639845
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03102483
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02095358
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt012261
IRS990ScheduleA/OtherIncome170Grp/TotalAmt012261
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99610
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt03102483
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0603782
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0601448
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0622407
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0635001
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0639845
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03102483
IRS990ScheduleA/TotalSupportAmt03114744
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt046500
IRS990ScheduleD/DonatedServicesUseFcltsAmt046500
IRS990ScheduleD/EquipmentGrp/BookValueAmt04970
IRS990ScheduleD/EquipmentGrp/DepreciationAmt028586
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt033556
IRS990ScheduleD/ExpensesNotReportedAmt046500
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01028869
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0412982
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01030876
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01443858
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0313
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt016608
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt016921
IRS990ScheduleD/RevenueNotReportedAmt046500
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01069795
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0418265
IRS990ScheduleD/TotalExpensesPerForm990Amt01028869
IRS990ScheduleD/TotalRevenuePerForm990Amt01069795
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01116295
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01075369
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE DIRECTOR AND TREASURER REVIEW A DRAFT OF THE FORM 990 PRIOR TO FILING. THE FINAL VERSION OF THE FORM 990 IS DISTRIBUTED TO THE ENTIRE BOARD, MORRISTOWN TOWN COUNCIL AND MAYOR AND THE NEW JERSEY DEPARTMENT OF COMMUNITY AFFAIRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TRUSTEES OF THE ORGANIZATION ARE REQUIRED ANNUALY TO SIGN CONFLICT OF INTEREST POLICY ACKNOWLEDGEMENT DOCUMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXECUTIVE COMMITTEE REVIEWS EMPLOYEE COMPENSATION AND MAKES RECOMMENDATIONS TO THE ENTIRE BOARD. THE COMMITTEE ALSO REVIEWS ANY EMPLOYMENT CONTRACTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPIES OF THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS OF THE ORGANIZATION AND FORM 990 ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS OF OVERSIGHT OF THE AUDIT OF FINANCIAL STATEMENTS AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$446,104
Liabilities
$789,854
Net assets
-$343,750
Revenue
$1,069,795
Expenses
$1,028,869
Net income
$40,926
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