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 7 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 |
Anthony Faugno Treasurer | OfficerTrustee | 1 | $0 |
Frances Kirschner Corporate Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $143,255 |
| 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 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. | $80,110 |
| 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 | $38,216 |
| 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 |
| Net Land, buildings, and equipment | $808 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $138,964 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Monmouth-Ocean Development Council has recieved totaling $4,930.
| Awarding Organization | Amount |
|---|---|
New Jersey Natural Gas Company Charity Wall, NJ PURPOSE: CIVIC | $2,790 |
New Jersey Natural Gas Company Charity Wall, NJ PURPOSE: CIVIC | $1,650 |
New Jersey Natural Gas Company Charity Wall, NJ PURPOSE: CIVIC | $490 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catskill Watershed Corporation Arkville, NY | $166,890,312 | $18,353,633 |
Scenic Hudson Inc poughkeepsie, NY | $38,136,273 | $14,869,807 |
Safe Water Network New York, NY | $11,807,774 | $8,506,828 |
Earth Conservancy Ashley, PA | $31,704,256 | $2,874,276 |
Buffalo Niagara Waterkeeper Inc Buffalo, NY | $12,074,005 | $5,933,047 |
Riverkeeper Inc Ossining, NY | $3,555,297 | $4,414,432 |
Hudson River Foundation For Science And Environmental Research Inc New York, NY | $44,144,233 | $1,711,986 |
Delaware Bay And River Cooperative Inc Linwood, PA | $4,814,583 | $3,275,578 |
Renew Oceans Inc Brooklyn, NY | $0 | $303,111 |
United Water Resources Inc Non- Bargained Retiree Med & Life Tr Paramus, NJ | $16,853,440 | $1,840,870 |
Stream Restoration Incorporated Mars, PA | $510,064 | $2,294,533 |
Schuylkill River Greenway Assn Pottstown, PA | $2,909,534 | $2,337,003 |