Civic Intelligence

Hunterdon County Chamber of Commerce Foundation

990 • Fiscal year 2018 • EIN 46-2604491

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 04, 2019

119 Main StreetFlemington, NJ 08822

(908) 782-7115

Siviq Scores

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

Liabilities / Assets

78th percentile

0.60x

Higher debt load relative to assets than 78% of similar nonprofits.

2018 filings • NTEE S • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

94th percentile

6.23x

Higher debt load relative to revenue than 94% of similar nonprofits.

2018 filings • NTEE S • $1M-$5M nonprofits • Source year 2018

Net Margin

6th percentile

-88%

Higher net margin than 6% of similar nonprofits.

2018 filings • NTEE S • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

32nd percentile

$0

Higher top officer pay than 32% of similar nonprofits.

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

2018 filings • NTEE S • $1M-$5M nonprofits • Source year 2018

Asset Growth

19th percentile

-7.8%

Faster asset growth than 19% of similar nonprofits.

2018 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

5th percentile

-64%

Faster revenue growth than 5% of similar nonprofits.

2018 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,186,170

Down $99,819 (-7.8%) from 2017

Net Assets

Down

$476,170

Down $99,819 (-17%) from 2017

Liabilities

Flat

$710,000

Flat from 2017

Revenue

Down

$113,928

Down $199,262 (-64%) from 2017

Expenses

Up

$213,747

Up $86,822 (+68%) from 2017

Net Income

Down

-$99,819

Down $286,084 (-154%) from 2017

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2014: $6,213Liabilities 2014: $0Net Assets 2014: $6,2132014Assets 2015: $86,520Liabilities 2015: $0Net Assets 2015: $86,5202015Assets 2016: $904,723Liabilities 2016: $515,000Net Assets 2016: $389,7232016Assets 2017: $1,285,989Liabilities 2017: $710,000Net Assets 2017: $575,9892017Assets 2018: $1,186,170Liabilities 2018: $710,000Net Assets 2018: $476,1702018Assets 2019: $1,151,824Liabilities 2019: $781,977Net Assets 2019: $369,8472019Assets 2020: $1,538,829Liabilities 2020: $1,123,847Net Assets 2020: $414,9822020Assets 2021: $1,487,018Liabilities 2021: $1,058,601Net Assets 2021: $428,4172021Assets 2022: $1,425,597Liabilities 2022: $1,016,832Net Assets 2022: $408,7652022Assets 2023: $1,607,445Liabilities 2023: $973,378Net Assets 2023: $634,0672023Assets 2024: $1,435,602Liabilities 2024: $934,385Net Assets 2024: $501,2172024

Highlighted filing

2018

Assets$1,186,170
Liabilities$710,000
Net Assets$476,170

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2014: $7,500Expenses 2014: $1,287Net Income 2014: $6,2132014Revenue 2015: $111,950Expenses 2015: $31,643Net Income 2015: $80,3072015Revenue 2016: $385,196Expenses 2016: $81,993Net Income 2016: $303,2032016Revenue 2017: $313,190Expenses 2017: $126,925Net Income 2017: $186,2652017Revenue 2018: $113,928Expenses 2018: $213,747Net Income 2018: -$99,8192018Revenue 2019: $158,968Expenses 2019: $265,291Net Income 2019: -$106,3232019Revenue 2020: $207,783Expenses 2020: $162,649Net Income 2020: $45,1342020Revenue 2021: $178,178Expenses 2021: $164,745Net Income 2021: $13,4332021Revenue 2022: $133,355Expenses 2022: $153,007Net Income 2022: -$19,6522022Revenue 2023: $495,590Expenses 2023: $270,287Net Income 2023: $225,3032023Revenue 2024: $211,176Expenses 2024: $344,026Net Income 2024: -$132,8502024

Highlighted filing

2018

Revenue$113,928
Expenses$213,747
Net Income-$99,819
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 4, 2019
Return Version
2018v3.1
Gross Receipts
$113,928
Mission and Program Overview

Mission

The goal of this orgization is to establish a center for business & entrepreneurship and also is effectively focusing the skills and resources of the greated hunterdon county business community and advancing the interest of the hunterdon country business community throught business resources, economic & workforce development, leadership development, tourism, philanthropy, and the promotion of the civic, educational, cultural and economic insterst of the region.

The goal of this organization is to establish a center for business & entrepreneurship and also is effectively focusing the skills and resources of the greater hunterdon county business community and advancing the interest of the hunterdon county business community thorugh business resources, economic & workforce development, leadership development, tourism, philanthropy, and the promotion of hte civic, educational, cultural and economic interest of the region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,068,414$1,102,773▲ $34,359
Savings and Temporary Cash Investments$204,487$79,741▼ $124,746
Cash and Non-Interest-Bearing Accounts$13,088$3,656▼ $9,432
Total Assets$1,285,989$1,186,170▼ $99,819
Liabilities
Mortgage Notes Payable Secured by Investment Property$710,000$710,000→ $0
Total Liabilities$710,000$710,000→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$575,989$476,170▼ $99,819
Total Net Assets Fund Balance$575,989$476,170▼ $99,819
Total Liabilities and Net Assets / Fund Balance$1,285,989$1,186,170▼ $99,819

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$489,975$22,157$512,132
Buildings$302,419$15,988$318,407
Land$246,600-$246,600
Other Land Buildings$63,779$2,364$66,143
Compensation and Service Providers

Board Members and Trustees

NameTitle
Karen WidicoChair
James RobinsonPast Chair
Anne ThortonDirector
Joseph PattonDirector
Rosemary FellnerDirector
Thomas FitzgeraldDirector
Edward KurowickiImmediate Pa
Nicholas Pellitta EsqLegal Counse
Christopher PhelanSecretary/pr
Dj WrightTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$70,020
Program Service Revenue
$41,200
Investment Income
$1,208
Other Revenue
$1,500
All Other Contributions
$45,020
Change in Net Assets
$-99,819
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$213,747
Total Fundraising Expense$125
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$43,500-$43,500
Interest$27,354--$27,354
Depreciation Depletion$23,253--$23,253
Occupancy$19,631--$19,631
Insurance-$13,513-$13,513
All Other Expenses$6,656$1,827$125$8,608
Other Expenses$6,919--$6,919
Office Expenses-$3,492-$3,492
Fees for Services Accounting-$2,415-$2,415
Total Functional Expenses$148,875$64,747$125$213,747
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
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 11B

Provided to board for review

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Hunterdon County Chamber of
EIN
46-2604491
Phone
9087827115
Address
119 MAIN STREET, FLEMINGTON, NJ 08822

Signing Officer

Name
Christopher Phelan
Title
Secretary/president
Phone
9087827115
Signed
2019-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Phelan
Formed
2013
Legal Domicile
Nj
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
50

Preparer

Firm
Bkc Cpas Pc
Address
114 BROAD ST, FLEMINGTON, NJ 08822
Preparer
Michael a Holk CPA
Phone
9087827900
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The goal of this organization is to establish a center for business & entrepreneurship and also is effectively focusing the skills and resources of the greater hunterdon county business community and advancing the interest of the hunterdon county business community thorugh business resources, economic & workforce development, leadership development, tourism, philanthropy, and the promotion of hte civic, educational, cultural and economic interest of the region.

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

Leadership hunterdon, a program initiated in 2012 by the hunterdon county chamber of commerce, was created to transform people to become trustees of our communities, to become leadership resources and work for the betterment of hunterdon county. One of the goals for participants in leadership hunterdon is to develop strong leadership qualities within their respective organizations. Individuals are able to enhance their decision making and strategic thinking and acquire in-depth exposure to hunterdon county business leaders, community leaders, non-profit leaders and political leadership. The class is made up of individuals from local businesses and non-profit organizations that have a passion to learn about hunterdon county as well as themselves. For 9 months, the class becomes immersed in a "behind the scenes" overview of hunterdon county that explores the many facets that shape the current make-up of the county.

Form 990, Part XI, Line 9

Book / tax depreciation difference -1

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IRS990/ProgSrvcAccomActy2Grp/Desc0THE BUSINESS HALL OF FAME WAS ESTABLISHED IN 2017 TO RECOGNIZE INDIVIDUALS, ORGANIZATIONS AND COMPANIES THAT HAVE MADE SIGNIFICANT LIFE TIME ACCOMPLISHMENTS TO THE HUNTERDON COUNTY BUSINESS COMMUNITY. THE EVENT IS GEARED TO EDUCATE AND INSPIRE OUR CURRENT BUSINESS COMMUNITY AND THROUGH A SERIES OF VIDEOS HAVE AN EDUCATIONAL COMPONENT THAT WILL BE SHARED WITH THE COMMUNITY AND OUR EDUCATIONAL SYSTEM TO INSPIRE THE NEXT GENERATION OF ENTREPRENEURSHIP IN HUNTERDON COUNTY.
IRS990/ProgSrvcAccomActy3Grp/Desc0THE FOUNDATION PROVIDES A HOME FOR THE PLATFORM, PROGRAMMING AND ACTIVITIES THAT COMPRISE THE CENTER FOR BUSINESS AND ENTREPRENUERSHIP. THE CENTER PROVIDES BENEFITS FOR BOTH THE PROFIT AND NON-PROFIT COMMUNITY
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt034000
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IRS990/RelatedEntityInd0true
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IRS990/RentalIncomeOrLossGrp/RealAmt01500
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt07200
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0204487
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt016,001
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0307646
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0369052
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0111921
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt07500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0866139
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0143
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt029
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt08424
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt043200
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt043200
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IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0111921
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt07500
IRS990ScheduleA/Total509Grp/TotalAmt0909339
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0115928
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0385196
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0111950
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt07500
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0933764
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0302419
IRS990ScheduleD/BuildingsGrp/DepreciationAmt015988
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0318407
IRS990ScheduleD/LandGrp/BookValueAmt0246600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0246600
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0489975
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt022157
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0512132
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt063779
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02364
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt066143
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01102773
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GOAL OF THIS ORGANIZATION IS TO ESTABLISH A CENTER FOR BUSINESS & ENTREPRENEURSHIP AND ALSO IS EFFECTIVELY FOCUSING THE SKILLS AND RESOURCES OF THE GREATER HUNTERDON COUNTY BUSINESS COMMUNITY AND ADVANCING THE INTEREST OF THE HUNTERDON COUNTY BUSINESS COMMUNITY THORUGH BUSINESS RESOURCES, ECONOMIC & WORKFORCE DEVELOPMENT, LEADERSHIP DEVELOPMENT, TOURISM, PHILANTHROPY, AND THE PROMOTION OF HTE CIVIC, EDUCATIONAL, CULTURAL AND ECONOMIC INTEREST OF THE REGION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LEADERSHIP HUNTERDON, A PROGRAM INITIATED IN 2012 BY THE HUNTERDON COUNTY CHAMBER OF COMMERCE, WAS CREATED TO TRANSFORM PEOPLE TO BECOME TRUSTEES OF OUR COMMUNITIES, TO BECOME LEADERSHIP RESOURCES AND WORK FOR THE BETTERMENT OF HUNTERDON COUNTY. ONE OF THE GOALS FOR PARTICIPANTS IN LEADERSHIP HUNTERDON IS TO DEVELOP STRONG LEADERSHIP QUALITIES WITHIN THEIR RESPECTIVE ORGANIZATIONS. INDIVIDUALS ARE ABLE TO ENHANCE THEIR DECISION MAKING AND STRATEGIC THINKING AND ACQUIRE IN-DEPTH EXPOSURE TO HUNTERDON COUNTY BUSINESS LEADERS, COMMUNITY LEADERS, NON-PROFIT LEADERS AND POLITICAL LEADERSHIP. THE CLASS IS MADE UP OF INDIVIDUALS FROM LOCAL BUSINESSES AND NON-PROFIT ORGANIZATIONS THAT HAVE A PASSION TO LEARN ABOUT HUNTERDON COUNTY AS WELL AS THEMSELVES. FOR 9 MONTHS, THE CLASS BECOMES IMMERSED IN A "BEHIND THE SCENES" OVERVIEW OF HUNTERDON COUNTY THAT EXPLORES THE MANY FACETS THAT SHAPE THE CURRENT MAKE-UP OF THE COUNTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROVIDED TO BOARD FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOK / TAX DEPRECIATION DIFFERENCE -1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HUNTERDON COUNTY CHAMBER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0OF COMMERCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0221768855
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0119 MAIN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0FLEMINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd008822
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IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt043500
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0HUNTERDON COUNTY CHAMBER
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