Civic Intelligence

Midjersey Center for Economic Development

990 • Fiscal year 2018 • EIN 26-0449187

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 13, 2019

PO Box 7648Princeton, NJ 08543-7648

(609) 689-9960

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

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

Liabilities / Revenue

56th percentile

0.00x

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

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

Net Margin

1st percentile

-1052%

Higher net margin than 1% of similar nonprofits.

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

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

4th percentile

-84%

Faster asset growth than 4% of similar nonprofits.

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

Revenue Growth

2nd percentile

-99%

Faster revenue growth than 2% of similar nonprofits.

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

Assets

Down

$6,568

Down $33,923 (-84%) from 2017

Net Assets

Down

$6,568

Down $27,330 (-81%) from 2017

Liabilities

Down

$0

Down $6,593 (-100%) from 2017

Revenue

Down

$2,599

Down $200,510 (-99%) from 2017

Expenses

Down

$29,929

Down $176,735 (-86%) from 2017

Net Income

Down

-$27,330

Down $23,775 (-669%) from 2017

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2011: $36,566Liabilities 2011: $0Net Assets 2011: $36,5662011Assets 2012: $6,973Liabilities 2012: $0Net Assets 2012: $6,9732012Assets 2013: $7,206Liabilities 2013: $1,548Net Assets 2013: $5,6582013Assets 2014: $9,796Liabilities 2014: $0Net Assets 2014: $9,7962014Assets 2016: $69,158Liabilities 2016: $31,705Net Assets 2016: $37,4532016Assets 2017: $40,491Liabilities 2017: $6,593Net Assets 2017: $33,8982017Assets 2018: $6,568Liabilities 2018: $0Net Assets 2018: $6,5682018Assets 2019: $2,619Net Assets 2019: $2,6192019

Highlighted filing

2018

Assets$6,568
Liabilities$0
Net Assets$6,568

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KExpenses 2011: $29,3032011Expenses 2012: $107,5092012Revenue 2013: $6,500Expenses 2013: $7,815Net Income 2013: -$1,3152013Revenue 2014: $47,492Expenses 2014: $43,354Net Income 2014: $4,1382014Revenue 2016: $91,702Expenses 2016: $59,701Net Income 2016: $32,0012016Revenue 2017: $203,109Expenses 2017: $206,664Net Income 2017: -$3,5552017Revenue 2018: $2,599Expenses 2018: $29,929Net Income 2018: -$27,3302018Revenue 2019: $104Expenses 2019: $4,053Net Income 2019: -$3,9492019

Highlighted filing

2018

Revenue$2,599
Expenses$29,929
Net Income-$27,330
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$2,599
Mission and Program Overview

Mission

Support and promote the rentention, expansion and attraction of business entities in the greater mercer county region in a manner that complements the efforts of our economic development partners and enhances the quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$35,491$6,568▼ $28,923
Accounts Receivable$5,000--
Total Assets$40,491$6,568▼ $33,923
Liabilities
Other Liabilities$5,000--
Accounts Payable and Accrued Expenses$1,593--
Total Liabilities$6,593$0▼ $6,593
Net Assets / Fund Balance
Unrestricted Net Assets$33,898$6,568▼ $27,330
Total Net Assets Fund Balance$33,898$6,568▼ $27,330
Total Liabilities and Net Assets / Fund Balance$40,491$6,568▼ $33,923
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,599
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,599
Change in Net Assets
$-27,330
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$29,929
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$28,749$51-$51
Total Functional Expenses$28,749$1,180$0$29,929
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
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, Page 6, Part VI, Line 11B

990 given to all board members for review prior to submission

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

The organization annually reviews its conflict of interest policy and has board of directors sign a statement annually

Form 990, Page 6, Part VI, Line 19

Certain governing documents are available upon request

Filing and Contact Details

Filer

Filer Name
Midjersey Center for Economic
EIN
26-0449187
Phone
6096899960
Address
PO BOX 7648, PRINCETON, NJ 08543-7648

Signing Officer

Name
Joseph Maruca
Title
Treasurer
Phone
6096899960
Signed
2019-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Maruca
Formed
2007
Legal Domicile
Nj
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
55

Preparer

Firm
Hamilton Financial Group
Address
1540 KUSER ROAD SUITE A4, MERCERVILLE, NJ 08619-3828
Preparer
Peter S Martin CPA
Phone
6095810300
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Support and promote the rentention, expansion and attraction of business entities in the greater mercer county region in a manner that complements the efforts of our economic development partners and enhances the quality of life.

Form 990, Page 1, Part I, Line 6

The board of directors is comprised of volunteers.

Form 990, Page 2, Part III, Line 4B

The mayor's summer youth initiative is a program designed to put city of trenton youth to work each and every summer and provide them with the life skills necessary to be an effective and contributing part of a professional work environment. To that end, the mayor's summer youth initiative is a public-private partnership in which the city of trenton identifies the target youth and the private partners work together to provide either job opportunities or direct funding to support the program. We estimate the cost of a single job over the course of the six (6) week target period to be approximately 2,000. Each 2,000 monetary donation will constitute as an additional "job" that the city of trenton can offer. Any funding collected will be issued to partner 501(c)(3) non-profits to provide the financial means necessary to hire youth for the employment period. The midjersey chamber of commerce, through its 501(c)(3) foundation, the midjersey center for economic development (midced), will facilitate the placement of youth directly and is working with the city of trenton to coordinate transportation for youth from a central location in trenton to each place of employment. Furthermore, in future years, the chamber in collaboration with the city of trenton will develop programming to provide one-day of job skills training for each youth which will cover the essential information to operate in a professional environment. In the spirit of cooperation, we seek to ensure that the program is kept current and meets the needs of the business community as well as the city of trenton by additionally forming a steering committee that will meet from october of each year through the following summer in order to reevaluate the program and make adjustments to improve service and grow the operation. We will ensure that the steering committee includes representatives from our funders, the business community, non-profit organizations and the city itself. We feel this program is extremely important to the city of trenton and provides an otherwise unavailable avenue for job training and professional development for youth in the city. We are confident that you will feel the same way and are excited to have your participation as we take this monumental move together.

Form 990, Page 2, Part III, Line 4D

Trenton literacy movement

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IRS990/ProgSrvcAccomActy2Grp/Desc0THE MAYOR'S SUMMER YOUTH INITIATIVE IS A PROGRAM DESIGNED TO PUT CITY OF TRENTON YOUTH TO WORK EACH AND EVERY SUMMER AND PROVIDE THEM WITH THE LIFE SKILLS NECESSARY TO BE AN EFFECTIVE AND CONTRIBUTING PART OF A PROFESSIONAL WORK ENVIRONMENT. TO THAT END, THE MAYOR'S SUMMER YOUTH INITIATIVE IS A PUBLIC-PRIVATE PARTNERSHIP IN WHICH THE CITY OF TRENTON IDENTIFIES THE TARGET YOUTH AND THE PRIVATE PARTNERS WORK TOGETHER TO PROVIDE EITHER JOB OPPORTUNITIES OR DIRECT FUNDING TO SUPPORT THE PROGRAM. WE ESTIMATE THE COST OF A SINGLE JOB OVER THE COURSE OF THE SIX (6) WEEK TARGET PERIOD TO BE APPROXIMATELY 2,000. EACH 2,000 MONETARY DONATION WILL CONSTITUTE AS AN ADDITIONAL "JOB" THAT THE CITY OF TRENTON CAN OFFER. ANY FUNDING COLLECTED WILL BE ISSUED TO PARTNER 501(C)(3) NON-PROFITS TO PROVIDE THE FINANCIAL MEANS NECESSARY TO HIRE YOUTH FOR THE EMPLOYMENT PERIOD. THE MIDJERSEY CHAMBER OF COMMERCE, THROUGH ITS 501(C)(3) FOUNDATION, THE MIDJERSEY CENTER FOR ECONOMIC DEVELOPMENT (MIDCED), WILL FACILITATE THE PLACEMENT OF YOUTH DIRECTLY AND IS WORKING WITH THE CITY OF TRENTON TO COORDINATE TRANSPORTATION FOR YOUTH FROM A CENTRAL LOCATION IN TRENTON TO EACH PLACE OF EMPLOYMENT. FURTHERMORE, IN FUTURE YEARS, THE CHAMBER IN COLLABORATION WITH THE CITY OF TRENTON WILL DEVELOP PROGRAMMING TO PROVIDE ONE-DAY OF JOB SKILLS TRAINING FOR EACH YOUTH WHICH WILL COVER THE ESSENTIAL INFORMATION TO OPERATE IN A PROFESSIONAL ENVIRONMENT. IN THE SPIRIT OF COOPERATION, WE SEEK TO ENSURE THAT THE PROGRAM IS KEPT CURRENT AND MEETS THE NEEDS OF THE BUSINESS COMMUNITY AS WELL AS THE CITY OF TRENTON BY ADDITIONALLY FORMING A STEERING COMMITTEE THAT WILL MEET FROM OCTOBER OF EACH YEAR THROUGH THE FOLLOWING SUMMER IN ORDER TO REEVALUATE THE PROGRAM AND MAKE ADJUSTMENTS TO IMPROVE SERVICE AND GROW THE OPERATION. WE WILL ENSURE THAT THE STEERING COMMITTEE INCLUDES REPRESENTATIVES FROM OUR FUNDERS, THE BUSINESS COMMUNITY, NON-PROFIT ORGANIZATIONS AND THE CITY ITSELF. WE FEEL THIS PROGRAM IS EXTREMELY IMPORTANT TO THE CITY OF TRENTON AND PROVIDES AN OTHERWISE UNAVAILABLE AVENUE FOR JOB TRAINING AND PROFESSIONAL DEVELOPMENT FOR YOUTH IN THE CITY. WE ARE CONFIDENT THAT YOU WILL FEEL THE SAME WAY AND ARE EXCITED TO HAVE YOUR PARTICIPATION AS WE TAKE THIS MONUMENTAL MOVE TOGETHER.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt013610
IRS990/ProgSrvcAccomActy3Grp/Desc0TRENTON DIGITAL INITIATIVE IS A PROGRAM THAT FOCUSES ON REFURBISHING DONATED COMPUTERS TO GIVE TO FAMILIES IN TRENTON WITHOUT CURRENT INTERNET ACCESS. TDI PARTNERS WITH COMCAST TO PROVIDE AFFORDABLE INTERNET, WHILE TDI PROVIDES A COMPUTER OR LAPTOP AT NO COST. TDI HAS PARTNERED WITH MANY NONPROFITS AND SCHOOLS IN THE AREA TO HELP FAMILIES IN NEED AND IS CURRENTLY ON TRACK TO HIT 1,000 COMPUTERS PLACED BY THE END OF THE YEAR. WE HAVE VOLUNTEERS REFURBISH THE DONATED COMPUTERS WITH AN OPERATING SYSTEM CALLED UBUNTU AND WIPE THEM OF ANY INFORMATION FROM THE PREVIOUS OWNER.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt015139
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TRENTON LITERACY MOVEMENT
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt091702
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt010500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt025850
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IRS990ScheduleA/PublicSupportPY170Pct01.00000
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt010500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt025850
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SUPPORT AND PROMOTE THE RENTENTION, EXPANSION AND ATTRACTION OF BUSINESS ENTITIES IN THE GREATER MERCER COUNTY REGION IN A MANNER THAT COMPLEMENTS THE EFFORTS OF OUR ECONOMIC DEVELOPMENT PARTNERS AND ENHANCES THE QUALITY OF LIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS COMPRISED OF VOLUNTEERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MAYOR'S SUMMER YOUTH INITIATIVE IS A PROGRAM DESIGNED TO PUT CITY OF TRENTON YOUTH TO WORK EACH AND EVERY SUMMER AND PROVIDE THEM WITH THE LIFE SKILLS NECESSARY TO BE AN EFFECTIVE AND CONTRIBUTING PART OF A PROFESSIONAL WORK ENVIRONMENT. TO THAT END, THE MAYOR'S SUMMER YOUTH INITIATIVE IS A PUBLIC-PRIVATE PARTNERSHIP IN WHICH THE CITY OF TRENTON IDENTIFIES THE TARGET YOUTH AND THE PRIVATE PARTNERS WORK TOGETHER TO PROVIDE EITHER JOB OPPORTUNITIES OR DIRECT FUNDING TO SUPPORT THE PROGRAM. WE ESTIMATE THE COST OF A SINGLE JOB OVER THE COURSE OF THE SIX (6) WEEK TARGET PERIOD TO BE APPROXIMATELY 2,000. EACH 2,000 MONETARY DONATION WILL CONSTITUTE AS AN ADDITIONAL "JOB" THAT THE CITY OF TRENTON CAN OFFER. ANY FUNDING COLLECTED WILL BE ISSUED TO PARTNER 501(C)(3) NON-PROFITS TO PROVIDE THE FINANCIAL MEANS NECESSARY TO HIRE YOUTH FOR THE EMPLOYMENT PERIOD. THE MIDJERSEY CHAMBER OF COMMERCE, THROUGH ITS 501(C)(3) FOUNDATION, THE MIDJERSEY CENTER FOR ECONOMIC DEVELOPMENT (MIDCED), WILL FACILITATE THE PLACEMENT OF YOUTH DIRECTLY AND IS WORKING WITH THE CITY OF TRENTON TO COORDINATE TRANSPORTATION FOR YOUTH FROM A CENTRAL LOCATION IN TRENTON TO EACH PLACE OF EMPLOYMENT. FURTHERMORE, IN FUTURE YEARS, THE CHAMBER IN COLLABORATION WITH THE CITY OF TRENTON WILL DEVELOP PROGRAMMING TO PROVIDE ONE-DAY OF JOB SKILLS TRAINING FOR EACH YOUTH WHICH WILL COVER THE ESSENTIAL INFORMATION TO OPERATE IN A PROFESSIONAL ENVIRONMENT. IN THE SPIRIT OF COOPERATION, WE SEEK TO ENSURE THAT THE PROGRAM IS KEPT CURRENT AND MEETS THE NEEDS OF THE BUSINESS COMMUNITY AS WELL AS THE CITY OF TRENTON BY ADDITIONALLY FORMING A STEERING COMMITTEE THAT WILL MEET FROM OCTOBER OF EACH YEAR THROUGH THE FOLLOWING SUMMER IN ORDER TO REEVALUATE THE PROGRAM AND MAKE ADJUSTMENTS TO IMPROVE SERVICE AND GROW THE OPERATION. WE WILL ENSURE THAT THE STEERING COMMITTEE INCLUDES REPRESENTATIVES FROM OUR FUNDERS, THE BUSINESS COMMUNITY, NON-PROFIT ORGANIZATIONS AND THE CITY ITSELF. WE FEEL THIS PROGRAM IS EXTREMELY IMPORTANT TO THE CITY OF TRENTON AND PROVIDES AN OTHERWISE UNAVAILABLE AVENUE FOR JOB TRAINING AND PROFESSIONAL DEVELOPMENT FOR YOUTH IN THE CITY. WE ARE CONFIDENT THAT YOU WILL FEEL THE SAME WAY AND ARE EXCITED TO HAVE YOUR PARTICIPATION AS WE TAKE THIS MONUMENTAL MOVE TOGETHER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TRENTON LITERACY MOVEMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4990 GIVEN TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO SUBMISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION ANNUALLY REVIEWS ITS CONFLICT OF INTEREST POLICY AND HAS BOARD OF DIRECTORS SIGN A STATEMENT ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CERTAIN GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MIDJERSEY REG CHAMBER OF COMMERCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0210581086
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt06
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0600 ALEXANDER ROAD SUITE 3-2
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IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt02599
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01180
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt028749
IRS990/TotalFunctionalExpensesGrp/TotalAmt029929
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 7648
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IRS990/WebsiteAddressTxt0WWW.MIDCED.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH MARUCA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06096899960
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MIDJERSEY CENTER FOR ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0MIDJ
ReturnHeader/Filer/EIN0260449187
ReturnHeader/Filer/PhoneNum06096899960
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ReturnHeader/Filer/USAddress/CityNm0PRINCETON
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0845E6B0C4F523F8E256FAE1753F19A2905575A6F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B1B91539082B6242BE98262AE4FE5863DE4231F7
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.56.252.2
ReturnHeader/FilingSecurityInformation/IPDt02019-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm016:24:43
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223403296
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HAMILTON FINANCIAL GROUP

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