Party With Purpose Incorporated
- Assets
- $0.0
- Revenue
- $76.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Hoboken, NJ
- Founding
- 06/2005
- Data as of
- 12/2023
- EIN
- 20-0596839
Organization Overview
Party With Purpose Incorporated is located in Hoboken, NJ. The organization was established in 2005. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Party With Purpose Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Party With Purpose Incorporated generated $76.4k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $65.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARTY WITH PURPOSE HOLDS EVENTS THROUGHOUT THE YEAR THAT BENEFIT LOCAL CHARITABLE PARTNERS. DURING THE REPORTING PERIOD, PARTY WITH PURPOSE HELD EVENTS BENEFITING SEVERAL NEW JERSEY BASED ORGANIZATIONS. THE MAIN EVENT WAS ITS 5K RACE ALONG THE WATERFRONT IN HOBOKEN, NJ DURING THE SUMMER. PLEASE NOTE: ADDITIONAL PROCEEDS FROM THE 2015 EVENTS HAVE BEEN COMMITTED TO BE GRANTED SINCE OUR ACCOUNTING IS ON A CASH BASIS THESE TRANSACTIONS WILL NOT SHOW UP UNTIL NEXT YEARS TAX RETURN
YEARLY GRANTS
SPECIAL EVENTS INCLUDING THE WINTER BENEFIT, THANKSGIVING DINNER, AND THE HOLIDAY DINNER WERE HELD TO RAISE FUNDS TO SUPPORT LOCAL ACTIVITIES FOCUSED ON CHILDREN, HEALTH OR EDUCATION PROGRAMS. PLEASE NOTE: ADDITIONAL PROCEEDS FROM THE 2018 EVENTS HAVE BEEN COMMITTED TO BE GRANTED. SINCE OUR ACCOUNTING IS ON A CASH BASIS, THESE TRANSACTIONS WILL NOT SHOW UP UNTIL NEXT YEARS TAX RETURN.
PARTY WITH PURPOSE IS A PROUD PARTNER WITH THE NEW YORK ROAD RUNNERS AND HAVE BEEN GRANTED GUARANTEED ENTRIES INTO THE ANNUAL NEW YORK CITY MARATHON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Delea CEO | OfficerTrustee | 10 | $0 |
Chris Boland President | OfficerTrustee | 10 | $0 |
Kelly Reidy Vice President | OfficerTrustee | 10 | $0 |
Nicole Rocanello Treasurer | OfficerTrustee | 5 | $0 |
Michelle Gesser Secretary | OfficerTrustee | 5 | $0 |
Ryan Mitchell Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $69,756 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,524 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,280 |
| Total Program Service Revenue | $0 |
| Investment income | $71 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $76,351 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,234 |
| Information technology | $2,547 |
| Royalties | $0 |
| Occupancy | $3,654 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $65,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Party With Purpose Incorporated has awarded $32,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE JUBILEE CENTER PURPOSE: Academic Support Svc | $8,000 |
THE BOYS AND GIRLS CLUB PURPOSE: Computer Lab | $8,000 |
THE JUBILEE CENTER PURPOSE: Academic Support Svc | $8,000 |
THE BOYS AND GIRLS CLUB PURPOSE: Computer Lab | $8,000 |