Essex Troop Inc
- Assets
- $540.0k
- Revenue
- $83.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Scotch Plains, NJ
- Founding
- 08/1985
- Data as of
- 12/2023
- EIN
- 22-1804626
Organization Overview
Essex Troop Inc, operating under the name 102nd Cavalry Regiment Association, is located in Scotch Plains, NJ. The organization was established in 1985. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 102nd Cavalry Regiment Association is a 501(c)(19) and as such, is described as a "Post or Organization of Past or Present Members of the Armed Forces" by the IRS.
For the year ending 12/2023, 102nd Cavalry Regiment Association generated $83.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $65.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 2 years. 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
OUR ORGANIZATION'S GOALS ARE TO PROVIDE DIRECT SUPPORT FOR AND ACTIVITIES INVOLVING OUR UNIT VETERANS, THEIR FAMILIES, AND THE ACTIVE MEMBERS OF TODAY'S 102ND CAVALRY REGIMENT, NJARNG. WE ALSO OFFER SCHOLARSHIPS TO UNIT MEMBERS AND THEIR FAMILIES AND ARE ACTIVELY INVOLVED IN FOSTERING AND PRESERVING OUR UNIT HISTORY AND HERITAGE SINCE THE UNIT WAS FORMED AS THE ESSEX TROOP IN 1890.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESSEX TROOP SCHOLARSHIP PROGRAM: EACH YEAR, OUR ORGANIZATION OFFERS FOUR (4) $1000 SCHOLARSHIPS TO QUALIFIED APPLICANTS IN DIRECT SUPPORT OF THEIR POST HIGH SCHOOL EDUCATION.
VETERANS' BASEBALL OUTING, ANNUAL UNIT MUSTER, ANNUAL UNIT BUSINESS MEETING, ANNUAL HOLIDAY EVENT, ETC.: OUR ORGANIZATION CONDUCTS A NUMBER OF ANNUAL VETERANS AND ACTIVE DUTY EVENTS AND ACTIVITIES FOR OUR MEMBERS AND THEIR FAMILIES.
REGIMENTAL HERITAGE INITIATIVE (RHI): OUR ASSOCIATION CONDUCTS VARIOUS ACTIVITIES DESIGNED TO EDUCATE THE PUBLIC WHILE ALSO FOSTERING AND PRESERVING OUR UNIT HERITAGE AND LEGACY. THESE ACTIVITIES INCLUDE: RESEARCHING UNIT HISTORY, DEPLOYMENTS, ACCOMPLISHMENTS, ETC.; DIGITIZING ALL HARDCOPY UNIT RECORDS, JOURNALS, MAPS,ETC.; MAINTAINING AND IMPROVING DISPLAY AREAS AT THE NJARNG ARMORY IN WEST ORANGE, NJ; CONSTRUCTING REPLICA "CULIN CUTTERS" FOR DISPLAY AT MUSEUMS; REDESIGNING AND LAUNCHING A NEW WEBSITE; ACTIVELY PARTICIPATING IN LOCAL MEMORIAL DAY AND VETERANS' DAY ACTIVITIES; PUBLISHING A NEWSLETTER; AND PLACING MEMORIAL BRICKS AT VARIOUS MUSEUMS AND MILITARY FACILITIES AND ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Kieslor Trustee And Former President | 10 | $0 | |
Alex Jeyschune Senior Trustee | 15 | $0 | |
Joe Chiaravallo Trustee | 10 | $0 | |
Raymond Drozd Trustee | 5 | $0 | |
Frank Calise Trustee | 5 | $0 | |
Joe Shedlock Trustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,780 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,586 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,366 |
| Total Program Service Revenue | $0 |
| Investment income | $48,918 |
| 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 | $83,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $2,733 |
| Information technology | $1,789 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $1,497 |
| All other expenses | $58,966 |
| Total functional expenses | $64,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,230 |
| 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 | $530,789 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $540,019 |
| 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 | $540,019 |
| 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 | $540,019 |