Monmouth-Ocean Development Council
- Assets
- $139.0k
- Revenue
- $254.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Wall, NJ
- Founding
- 08/1976
- Data as of
- 06/2022
- EIN
- 22-1858361
Organization Overview
Monmouth-Ocean Development Council is located in Wall, NJ. The organization was established in 1976. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. As of 06/2022, Monmouth-Ocean Development Council employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monmouth-Ocean Development Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Monmouth-Ocean Development Council generated $254.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $254.0k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE ORDERLY AND BALANCED ECONOMIC, INDUSTRIAL, PROFESSIONAL, AND CULTURAL EDUCATION IN THE MONMOUTH AND OCEAN COUNTY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LUNCHEONS, WORKSHOPS, AND BUSINESS PUBLICATIONS: TO ADVANCE THE ORDERLY AND BALANCED ECONOMIC, INDUSTRIAL, PROFESSIONAL AND CULTURAL EDUCATION IN THE MONMOUTH AND OCEAN COUNTY AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin L Waldron Vice President | OfficerTrustee | 40 | $56,166 |
Nancy Barone President | OfficerTrustee | 1 | $0 |
Matthew Appel Vice President | OfficerTrustee | 1 | $0 |
Kayci Clayton Vice President | OfficerTrustee | 1 | $0 |
Steven Reinman Vice President | OfficerTrustee | 1 | $0 |
Frances Kirschner Corporate Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $147 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $110,254 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $254,914 |
| Statement of Expenses | |
|---|---|
| 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. | $80,110 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,759 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,637 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,100 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,014 |
| Travel | $714 |
| 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 | $379 |
| Insurance | $3,224 |
| All other expenses | $0 |
| Total functional expenses | $254,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,477 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,195 |
| 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 | $584 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,900 |
| Total assets | $138,964 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $15,196 |
| 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 | $15,196 |
| Net assets without donor restrictions | $123,768 |
| 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 |
| Total liabilities and net assets/fund balances | $123,768 |