Civic Intelligence

Keyport Bid Inc.

990 • Fiscal year 2023 • EIN 45-4131049

Jan 01, 2023 to Dec 31, 2023 • Filed on Dec 05, 2025

Refreshing map…

70 W Front StKeyport, NJ 07735

(732) 344-0590

Siviq Scores

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

Liabilities / Assets

67th percentile

0.06x

Higher debt load relative to assets than 67% of similar nonprofits.

2023 filings • NTEE S30 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

63rd percentile

0.04x

Higher debt load relative to revenue than 63% of similar nonprofits.

2023 filings • NTEE S30 • <$500k nonprofits • Source year 2023

Net Margin

20th percentile

-24%

Higher net margin than 20% of similar nonprofits.

2023 filings • NTEE S30 • <$500k nonprofits • Source year 2023

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2023 filings • NTEE S30 • <$500k nonprofits • Source year 2023

Asset Growth

23rd percentile

-27%

Faster asset growth than 23% of similar nonprofits.

2023 filings • NTEE S30 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

51st percentile

3.1%

Faster revenue growth than 51% of similar nonprofits.

2023 filings • NTEE S30 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$117,050

Down $44,310 (-27%) from 2022

Net Assets

Down

$109,860

Down $44,310 (-29%) from 2022

Liabilities

Flat

$7,190

Flat from 2022

Revenue

Up

$182,832

Up $5,484 (+3.1%) from 2022

Expenses

Up

$227,142

Up $23,484 (+12%) from 2022

Net Income

Down

-$44,310

Down $18,000 (-68%) from 2022

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2012: $79,593Liabilities 2012: $0Net Assets 2012: $79,5932012Assets 2013: $101,023Liabilities 2013: $0Net Assets 2013: $101,0232013Assets 2014: $81,573Liabilities 2014: $0Net Assets 2014: $81,5732014Assets 2015: $58,658Liabilities 2015: $0Net Assets 2015: $58,6582015Assets 2016: $68,169Liabilities 2016: $0Net Assets 2016: $68,1692016Assets 2017: $49,280Liabilities 2017: $0Net Assets 2017: $49,2802017Assets 2018: $54,948Liabilities 2018: $0Net Assets 2018: $54,9482018Assets 2019: $67,458Liabilities 2019: $0Net Assets 2019: $67,4582019Assets 2020: $141,640Liabilities 2020: $0Net Assets 2020: $141,6402020Assets 2021: $199,837Liabilities 2021: $19,357Net Assets 2021: $180,4802021Assets 2022: $161,360Liabilities 2022: $7,190Net Assets 2022: $154,1702022Assets 2023: $117,050Liabilities 2023: $7,190Net Assets 2023: $109,8602023Assets 2024: $137,841Liabilities 2024: $7,190Net Assets 2024: $130,6512024

Highlighted filing

2023

Assets$117,050
Liabilities$7,190
Net Assets$109,860

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2012: $153,720Expenses 2012: $74,127Net Income 2012: $79,5932012Revenue 2013: $153,241Expenses 2013: $131,811Net Income 2013: $21,4302013Revenue 2014: $134,025Expenses 2014: $153,475Net Income 2014: -$19,4502014Revenue 2015: $136,796Expenses 2015: $159,634Net Income 2015: -$22,8382015Revenue 2016: $148,064Expenses 2016: $138,553Net Income 2016: $9,5112016Revenue 2017: $173,457Expenses 2017: $194,442Net Income 2017: -$20,9852017Revenue 2018: $174,828Expenses 2018: $165,960Net Income 2018: $8,8682018Revenue 2019: $194,653Expenses 2019: $182,143Net Income 2019: $12,5102019Revenue 2020: $174,500Expenses 2020: $100,317Net Income 2020: $74,1832020Revenue 2021: $176,288Expenses 2021: $137,448Net Income 2021: $38,8402021Revenue 2022: $177,348Expenses 2022: $203,658Net Income 2022: -$26,3102022Revenue 2023: $182,832Expenses 2023: $227,142Net Income 2023: -$44,3102023Revenue 2024: $176,415Expenses 2024: $155,624Net Income 2024: $20,7912024

Highlighted filing

2023

Revenue$182,832
Expenses$227,142
Net Income-$44,310
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Dec 5, 2025
Return Version
2023v6.0
Gross Receipts
$182,832
Mission and Program Overview

Mission

To foster the economic devlopment and revitalization of the business community and strengthen its contributions to residents and property owners within the borough of keyport.

To foster the economic development and revitalization of the business community and strengthen its contributions to residents and property owners within the borough of keyport.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$85,750-
Cash and Non-Interest-Bearing Accounts$161,360$31,300▼ $130,060
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$161,360$117,050▼ $44,310
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$7,190$7,190→ $0
Total Liabilities$7,190$7,190→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$154,170$109,860▼ $44,310
Total Net Assets Fund Balance$154,170$109,860▼ $44,310
Total Liabilities and Net Assets / Fund Balance$161,360$117,050▼ $44,310
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,500
Program Service Revenue
$180,332
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,500
Change in Net Assets
$-44,310

Audited Revenue Reconciliation

Revenue per Audited Statements
$182,832
Total Revenue per Audited Statements
$182,832
Total Revenue per Form 990
$182,832
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$216,269
Salaries, Compensation, and Employee Benefits$10,873
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal-$22,268-$22,268
Other Salaries and Wages-$10,873-$10,873
Fees for Services Other-$7,400-$7,400
All Other Expenses-$2,107-$2,107
Other Expenses$44,815$1,577-$1,577
Insurance-$1,282-$1,282
Office Expenses-$1,027-$1,027
Fees for Services Accounting-$750-$750
Total Functional Expenses$179,858$47,284$0$227,142

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$227,142
Total Expenses per Audited Statements$227,142
Total Expenses per Form 990$227,142
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
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
No
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, Section B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Keyport Bid Inc
EIN
45-4131049
Phone
7323440590
Address
70 W FRONT ST, KEYPORT, NJ 07735

Signing Officer

Name
Rose Araneo
Title
President
Signed
2025-12-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rose Araneo
Voting Board Members
13
Independent Board Members
0
Employees
1

Preparer

Firm
Polcari & Co CPAs
Address
2035 Hamburg Turnpike Unit H, Wayne, NJ 07470
Preparer
Anthony G Polcari
Phone
9738316969
Supplemental Narrative

Additional Explanations

Amended Explanation

Tax revenues levied for the organization's benefit of $171,500 were incorrectly reported as contributions and grants on the original return. The entity is a business improvement district. $171,500 is correctly reported as program service revenue in part viii (statement of revenue) of the amended return.schedeule a, part ii, section a (public support) - $171,500 reported on line 1 (gifts, grantts, contributions) of the original return is reported on line 2 (tax revenues levied for the organizaton's benefit of the amended return.

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IRS990/NetAssetsOrFundBalancesEOYAmt0109860
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0154170
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0109860
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01027
IRS990/OfficeExpensesGrp/TotalAmt01027
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0EVENTS
IRS990/OtherExpensesGrp/Desc1VISUAL IMPROVEMENTS
IRS990/OtherExpensesGrp/Desc2MARKETING
IRS990/OtherExpensesGrp/Desc3PUBLIC NOTICES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01577
IRS990/OtherExpensesGrp/ProgramServicesAmt076628
IRS990/OtherExpensesGrp/ProgramServicesAmt158415
IRS990/OtherExpensesGrp/ProgramServicesAmt244815
IRS990/OtherExpensesGrp/TotalAmt076628
IRS990/OtherExpensesGrp/TotalAmt158415
IRS990/OtherExpensesGrp/TotalAmt244815
IRS990/OtherExpensesGrp/TotalAmt31577
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt010873
IRS990/OtherSalariesAndWagesGrp/TotalAmt010873
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0ROSE ARANEO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0AUTO SHOW
IRS990/ProgramServiceRevenueGrp/Desc1BAYFEST
IRS990/ProgramServiceRevenueGrp/Desc2OTHER
IRS990/ProgramServiceRevenueGrp/Desc3TASTE OF KEYPORT
IRS990/ProgramServiceRevenueGrp/Desc4TAX REV LEVY FOR ORG BEN
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0807
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12975
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2620
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt34430
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4171500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0807
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12975
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2620
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt34430
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4171500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt05400
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0201436
IRS990/PYProgramServiceRevenueAmt0177348
IRS990/PYRevenuesLessExpensesAmt0-20910
IRS990/PYSalariesCompEmpBnftPaidAmt02222
IRS990/PYTotalExpensesAmt0203658
IRS990/PYTotalRevenueAmt0182748
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-44310
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03633
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt05400
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt014533
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0872033
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0171500
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0171500
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0171500
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0171500
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0171500
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt0857500
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0174000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0171500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0175133
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0174500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0176900
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0872033
IRS990ScheduleA/TotalSupportAmt0872033
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0227142
IRS990ScheduleD/RevenueSubtotalAmt0182832
IRS990ScheduleD/TotalExpensesPerForm990Amt0227142
IRS990ScheduleD/TotalRevenuePerForm990Amt0182832
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0182832
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0227142
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TAX REVENUES LEVIED FOR THE ORGANIZATION'S BENEFIT OF $171,500 WERE INCORRECTLY REPORTED AS CONTRIBUTIONS AND GRANTS ON THE ORIGINAL RETURN. THE ENTITY IS A BUSINESS IMPROVEMENT DISTRICT. $171,500 IS CORRECTLY REPORTED AS PROGRAM SERVICE REVENUE IN PART VIII (STATEMENT OF REVENUE) OF THE AMENDED RETURN.SCHEDEULE A, PART II, SECTION A (PUBLIC SUPPORT) - $171,500 REPORTED ON LINE 1 (GIFTS, GRANTTS, CONTRIBUTIONS) OF THE ORIGINAL RETURN IS REPORTED ON LINE 2 (TAX REVENUES LEVIED FOR THE ORGANIZATON'S BENEFIT OF THE AMENDED RETURN.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Amended Explanation
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.07$1.31$1.76$1.56$0.21
2023Detailed filing. Detailed filing data is available for this year.$1.17$0.07$1.10$1.83$2.27$0.44
2022Detailed filing. Detailed filing data is available for this year.$1.61$0.07$1.54$1.77$2.04$0.26
2021Detailed filing. Detailed filing data is available for this year.$2.00$0.19$1.80$1.76$1.37$0.39
2020Detailed filing. Detailed filing data is available for this year.$1.42$0.00$1.42$1.75$1.00$0.74
2019Detailed filing. Detailed filing data is available for this year.$0.67$0.00$0.67$1.95$1.82$0.13
2018Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$1.75$1.66$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.49$0.00$0.49$1.73$1.94$0.21
2016Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.68$1.48$1.39$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.59$0.00$0.59$1.37$1.60$0.23
2014Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.82$1.34$1.53$0.19
2013Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$1.53$1.32$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.00$0.80$1.54$0.74$0.80