Civic Intelligence

Spring Lake Business Development

EIN 26-1243759 • 501(c)4 • Spring Lake, NJ

Profile

To enhance the economic viability of the spring lake downtown business community and borough of spring lake through marketing, public relations and business development.

1207 3rd AveSpring Lake, NJ 07762

visitspringlake.com

Siviq Scores

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

Liabilities / Assets

85th percentile

0.25x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

75th percentile

0.05x

Higher debt load relative to revenue than 75% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Net Margin

38th percentile

-4.1%

Higher net margin than 38% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

68th percentile

7.0%

Faster asset growth than 68% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

74th percentile

17%

Faster revenue growth than 74% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$33,467

Down $5,863 (-15%) from 2023

Liabilities

Up

$8,506

Up $661 (+8.4%) from 2023

Net Assets

Down

$24,961

Down $6,524 (-21%) from 2023

Operations
Liabilities / Revenue75th percentileNet Margin38th percentile

Revenue

Up

$159,686

Up $1,802 (+1.1%) from 2023

Expenses

Up

$166,210

Up $26,448 (+19%) from 2023

Net Income

Down

-$6,524

Down $24,646 (-136%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth68th percentile

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

$60K$40K$20K$0Assets 2013: $50,437Liabilities 2013: $9,603Net Assets 2013: $40,8342013Assets 2014: $36,419Liabilities 2014: $7,833Net Assets 2014: $28,5862014Assets 2015: $47,586Liabilities 2015: $8,680Net Assets 2015: $38,9062015Assets 2016: $38,779Liabilities 2016: $7,214Net Assets 2016: $31,5652016Assets 2017: $48,874Liabilities 2017: $7,619Net Assets 2017: $41,2552017Assets 2018: $40,860Liabilities 2018: $7,363Net Assets 2018: $33,4972018Assets 2019: $43,783Liabilities 2019: $9,941Net Assets 2019: $33,8422019Assets 2020: $47,802Liabilities 2020: $7,371Net Assets 2020: $40,4312020Assets 2021: $43,644Liabilities 2021: $6,425Net Assets 2021: $37,2192021Assets 2022: $29,228Liabilities 2022: $15,865Net Assets 2022: $13,3632022Assets 2023: $39,330Liabilities 2023: $7,845Net Assets 2023: $31,4852023Assets 2024: $33,467Liabilities 2024: $8,506Net Assets 2024: $24,9612024

Highlighted filing

2024

Assets$33,467
Liabilities$8,506
Net Assets$24,961
Open 2024 Filing

Operations Trend

Revenue Growth74th percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2013: $110,133Expenses 2013: $108,718Net Income 2013: $1,4152013Revenue 2014: $96,557Expenses 2014: $108,805Net Income 2014: -$12,2482014Revenue 2015: $110,543Expenses 2015: $100,223Net Income 2015: $10,3202015Revenue 2016: $94,111Expenses 2016: $101,452Net Income 2016: -$7,3412016Revenue 2017: $106,083Expenses 2017: $96,393Net Income 2017: $9,6902017Revenue 2018: $116,773Expenses 2018: $124,531Net Income 2018: -$7,7582018Revenue 2019: $115,669Expenses 2019: $115,324Net Income 2019: $3452019Revenue 2020: $105,940Expenses 2020: $99,351Net Income 2020: $6,5892020Revenue 2021: $111,393Expenses 2021: $114,605Net Income 2021: -$3,2122021Revenue 2022: $117,324Expenses 2022: $141,180Net Income 2022: -$23,8562022Revenue 2023: $157,884Expenses 2023: $139,762Net Income 2023: $18,1222023Revenue 2024: $159,686Expenses 2024: $166,210Net Income 2024: -$6,5242024

Highlighted filing

2024

Revenue$159,686
Expenses$166,210
Net Income-$6,524
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$33,467
Liabilities
$8,506
Net assets
$24,961
Revenue
$159,686
Expenses
$166,210
Net income
-$6,524
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.33$0.09$0.25$1.60$1.66$0.07
2023Detailed filing. Detailed filing data is available for this year.$0.39$0.08$0.31$1.58$1.40$0.18
2022Detailed filing. Detailed filing data is available for this year.$0.29$0.16$0.13$1.17$1.41$0.24
2021Detailed filing. Detailed filing data is available for this year.$0.44$0.06$0.37$1.11$1.15$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.48$0.07$0.40$1.06$0.99$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.44$0.10$0.34$1.16$1.15$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.41$0.07$0.33$1.17$1.25$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.49$0.08$0.41$1.06$0.96$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.39$0.07$0.32$0.94$1.01$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.48$0.09$0.39$1.11$1.00$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.36$0.08$0.29$0.97$1.09$0.12
2013Detailed filing. Detailed filing data is available for this year.$0.50$0.10$0.41$1.10$1.09$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 15, 2025
Return Version
2024v5.0
Gross Receipts
$159,686
Mission and Program Overview

Mission

To enhance the economic viability of the Spring Lake Downtown Business Community and the Borough of Spring Lake through marketing, public relations, and business development. relations, and business development.

To enhance the economic viability of the spring lake downtown business community and the borough of spring lake through marketing, public relations and business development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$37,663$32,804▼ $4,859
Prepaid Expenses and Deferred Charges$1,667$663▼ $1,004
Total Assets$39,330$33,467▼ $5,863
Liabilities
Accounts Payable and Accrued Expenses$7,845$8,506▲ $661
Total Liabilities$7,845$8,506▲ $661
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$31,485$24,961▼ $6,524
Total Net Assets Fund Balance$31,485$24,961▼ $6,524
Total Liabilities and Net Assets / Fund Balance$39,330$33,467▼ $5,863
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Richard ClaytonChairman
Syd WhalleyVice Chairma
Bradley RodriguezDirector
Carol PattersonDirector
Colleen HarringtonDirector
Ella FischerDirector
Kathleen McdonoughDirector
Kellie JohnsonDirector
Maggie LuzziDirector
Mark DolanDirector
Moya RushDirector
Natalie IwanykDirector
Paul MurphyDirector
Peter SaklasDirector
Sue MattiaDirector
Walter BraceroDirector
Hellin DesiderioAssistant Se
Anita KruseAssistant Tr
Jeanne CameliSecretary
Priscilla ReillyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$45,000
Program Service Revenue
$114,588
Investment Income
$98
Other Revenue
$0
Change in Net Assets
$-6,524

Audited Revenue Reconciliation

Revenue per Audited Statements
$159,686
Total Revenue per Audited Statements
$159,686
Total Revenue per Form 990
$159,686
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$100,872
Other Expenses$65,338
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$21,144$49,064-$70,208
Fees for Services Other$40,638$9,291-$49,929
Other Employee Benefits-$22,583-$22,583
Payroll Taxes$2,424$5,657-$8,081
Occupancy$6,458--$6,458
Fees for Services Accounting-$3,825-$3,825
Advertising$2,185--$2,185
Office Expenses$1,299$692-$1,991
Insurance-$872-$872
Conferences and Meetings-$78-$78
Total Functional Expenses$74,148$92,062$0$166,210

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$166,210
Total Expenses per Audited Statements$166,210
Total Expenses per Form 990$166,210
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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 7A

“Voting is executed during board meetings”

Form 990, Page 6, Part VI, Line 11B

“The board will review the form 990 before filing.”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Spring Lake Business Development
EIN
26-1243759
Phone
7324490037
Address
1207 3RD AVE, SPRING LAKE, NJ 07762

Signing Officer

Name
Richard Clayton
Title
Chairman
Phone
7324490037
Signed
2025-07-15

Organization Details

Principal Officer
Richard Clayton
Formed
2007
Legal Domicile
Nj
Voting Board Members
20
Independent Board Members
20
Employees
2

Preparer

Firm
Hulit CPA LLC
Address
516 BAY AVE, POINT PLEASANT BEACH, NJ 08742
Preparer
Brenda Delmaestro CPA
Phone
7327463745
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Plantings and decorations 19,715 0 0 computer and software 0 4,074 0 telephone 0 1,907 0 supplies 2,269 1,481 0 entertainment 954 0 0 gifts/new business 0 1,241 0 memberships 0 351 0 event expenses 17,700 237 0 total 40,638 9,291 0”

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

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IRS990/OccupancyGrp/TotalAmt06458
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0692
IRS990/OfficeExpensesGrp/ProgramServicesAmt01299
IRS990/OfficeExpensesGrp/TotalAmt01991
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt022583
IRS990/OtherEmployeeBenefitsGrp/TotalAmt022583
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt049064
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt021144
IRS990/OtherSalariesAndWagesGrp/TotalAmt070208
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05657
IRS990/PayrollTaxesGrp/ProgramServicesAmt02424
IRS990/PayrollTaxesGrp/TotalAmt08081
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01667
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0663
IRS990/PrincipalOfficerNm0RICHARD CLAYTON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TAX ASSESSMENT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1FUNDRAISING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt082000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt132588
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt082000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt132588
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt050296
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt06
IRS990/PYOtherExpensesAmt048933
IRS990/PYProgramServiceRevenueAmt0107582
IRS990/PYRevenuesLessExpensesAmt018122
IRS990/PYSalariesCompEmpBnftPaidAmt090829
IRS990/PYTotalExpensesAmt0139762
IRS990/PYTotalRevenueAmt0157884
IRS990/ReconcilationRevenueExpnssAmt0-6524
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0166210
IRS990ScheduleD/RevenueSubtotalAmt0159686
IRS990ScheduleD/TotalExpensesPerForm990Amt0166210
IRS990ScheduleD/TotalRevenuePerForm990Amt0159686
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0159686
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0166210
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOTING IS EXECUTED DURING BOARD MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD WILL REVIEW THE FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PLANTINGS AND DECORATIONS 19,715 0 0 COMPUTER AND SOFTWARE 0 4,074 0 TELEPHONE 0 1,907 0 SUPPLIES 2,269 1,481 0 ENTERTAINMENT 954 0 0 GIFTS/NEW BUSINESS 0 1,241 0 MEMBERSHIPS 0 351 0 EVENT EXPENSES 17,700 237 0 TOTAL 40,638 9,291 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt039330
IRS990/TotalAssetsEOYAmt033467
IRS990/TotalAssetsGrp/BOYAmt039330
IRS990/TotalAssetsGrp/EOYAmt033467
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt045000
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt092062
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt074148
IRS990/TotalFunctionalExpensesGrp/TotalAmt0166210
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07845
IRS990/TotalLiabilitiesEOYAmt08506
IRS990/TotalLiabilitiesGrp/BOYAmt07845
IRS990/TotalLiabilitiesGrp/EOYAmt08506
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt031485
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt024961
IRS990/TotalProgramServiceExpensesAmt074148
IRS990/TotalProgramServiceRevenueAmt0114588
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0114686
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0159686
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt039330
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt033467
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01207 3RD AVE
IRS990/USAddress/CityNm0SPRING LAKE
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007762
IRS990/VotingMembersGoverningBodyCnt020
IRS990/VotingMembersIndependentCnt020
IRS990/WebsiteAddressTxt0HTTP://VISITSPRINGLAKE.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD CLAYTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum07324490037
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPRING LAKE BUSINESS DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORP
ReturnHeader/Filer/BusinessNameControlTxt0SPRI
ReturnHeader/Filer/EIN0261243759
ReturnHeader/Filer/PhoneNum07324490037
ReturnHeader/Filer/USAddress/AddressLine1Txt01207 3RD AVE
ReturnHeader/Filer/USAddress/CityNm0SPRING LAKE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007762
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HULIT CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0516 BAY AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0POINT PLEASANT BEACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008742
ReturnHeader/PreparerPersonGrp/PhoneNum07327463745
ReturnHeader/PreparerPersonGrp/PreparationDt02025-07-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENDA DELMAESTRO CPA
ReturnHeader/ReturnTs02025-07-28T12:25:51-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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