Fair Lawn Economic Development Corporation Inc
- Assets
- $18.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Teaneck, NJ
- Founding
- 06/2008
- Data as of
- 12/2021
- EIN
- 20-3531068
Organization Overview
Fair Lawn Economic Development Corporation Inc is located in Teaneck, NJ. The organization was established in 2008. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fair Lawn Economic Development Corporation Inc 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 12/2021, Fair Lawn Economic Development Corporation Inc generated $4.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $35.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO INCREASE BUSINESS DEVELOPMENT AND PROVIDE SUBSTANTIAL FINANCIAL AND OTHER INCENTIVES TO STRENGTHEN AND IMPROVE EXISTING BUSINESSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tod Christianson Trustee | 1 | $0 | |
Stuart Herrmann Vice President | 1 | $0 | |
Frank Hall Trustee | 1 | $0 | |
Bob Landzettel Trustee | 1 | $0 | |
Dave Drahouzal Secretary | 1 | $0 | |
Amy Hummerstone Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $29 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,529 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $33,712 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,240 |
| Total expenses | $34,952 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,493 |
| Other assets | $0 |
| Total assets | $18,531 |
| Total liabilities | $400 |
| Net assets or fund balances | $18,131 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Riverfront Development Corporation Of Delaware Wilmington, DE | $140,150,021 | $1,670,893 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |
Choose New Jersey Inc Newark, NJ | $7,145,867 | $9,053,939 |
Dauphin County Economic Development Corporation Harrisburg, PA | $8,424,591 | $10,449,757 |
Ben Franklin Technology Partners Of Northeastern Pennsylvania Inc Bethlehem, PA | $58,069,128 | $6,233,285 |
Greater Pittsburgh Convention & Visitors Bureau Inc Pittsburgh, PA | $10,210,665 | $8,196,256 |
Structured Employment Economic Development Corporation New York, NY | $3,440,081 | $6,983,803 |
Delaware Valley Industrial Resource Center Philadelphia, PA | $2,959,574 | $7,894,285 |
Elizabeth Development Company Of New Jersey Elizabeth, NJ | $19,921,454 | $5,978,138 |
Pa Irc Network Foundation Williamsport, PA | $229,668 | $6,193,798 |