Business And Education Of Morris County Inc
- Assets
- $8.8k
- Revenue
- $1.0
- Investments
- $0.0
- Employees
- 0
- Location
- Florham Park, NJ
- Founding
- 07/1986
- Data as of
- 12/2021
- EIN
- 22-2493637
Organization Overview
Business And Education Of Morris County Inc, operating under the name See Schedule O, is located in Florham Park, NJ. The organization was established in 1986. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Schedule O 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, See Schedule O generated $1.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (40.5%) each year. All expenses for the organization totaled $1.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (32.2%) per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION: BUSINESS EDUCATION IS THE CHARITABLE PURPOSE OF THE ORGANIZATION. ITS MISSION IS TO UNITE BUSINESS AND EDUCATION IN DYNAMIC AND EFFECTIVE EDUCATION PROGRAMS THAT CREATE A MORE WORK-READY POPULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAJOR PROGRAMS AND CHARITABLE PURPOSE OF EACH PROGRAM-A) UNDERSTANDING AMERICAN BUSINESS-EDUCATION-PROGRAM NOT ACTIVE IN 2017 CURRICULUM AND PROGRAM METHODS BEING UPDATED, B) CHILDREN'S FINANCIAL LITERACY-EDUCATION- PROGRAM NOT ACTIVE IN 2017, C) BUSINESS SEMINARS-EDUCATION -PROGRAM EXISTS BUT NOT IMPLEMENTED EVERY YEAR-NOT ACTIVE IN 2017. UNDERSTANDING AMERICAN BUSINESS-THE ORGANIZATION PROVIDES VARIOUS EDUCATIONAL PROGRAMS THAT ARE DESIGNED AND RELATED TO GIVING HIGH SCHOOL STUDENTS A COMPREHENSIVE OVERVIEW OF THE BUSINESS ENVIRONMENT TO THE TRAINING OF EDUCATORS IN NEW METHODS AND TECHNOLOGIES THAT WILL ASSIST SUCH EDUCATORS IN TEACHING THEIR STUDENTS IN THE CURRENT AND EXPECTED FUTURE BUSINESS CLIMATE.(SEE ADDITIONAL INFORMATION ON SCHEDULE O) THE PROGRAM CURRICULUM AND METHODS OF DELIVERING THE PROGRAM BENEFITS ARE BEING UPDATED AND ENHANCED IN CONJUCTION WITH A WORLDWIDE PUBLIC ACCOUNTING FIRM.THE CHILDREN'S FINANCIAL LITERACY PROGRAM-THE PROGRAM ADDRESSES THE FINANCIAL LITERACY AT THE ELEMENTARY/MIDDLE SCHOOL LEVEL. THE PROGRAM TEACHES THE BASICS OF MONEY, BANKING, FINANCE, AND ECONOMICS IN EVERYDAY USE. THROUGH THE USE OF BOOKS, LEARNING GUIDES, ETC., THE CHILDREN LEARN ABOUT MONEY AND FINANCE IN AN INTERACTIVE ENVIRONMENT USING ALL OF THESE METHODS.BUSINESS SEMINARS-THE BUSINESS SEMINARS ALLOW THE SUBSCRIBING BUSINESSES AN OPPORTUNITY TO PROMOTE THE BUSINESS ACUMEN OF STUDENT PARTICIPANTS AS WELL AS EXPOSURE TO BUSINESS IN MORRIS COUNTY FROM WHICH THEY MAY DRAW FUTURE EMPLOYEES AND CURRENT CUSTOMERS.THE FORUMS ARE HELD FOR ALL MEMBERS OF THE COMMUNITY WITH SPEAKERS DISCUSSING A VARIEY OF EDUCATIONAL TOPICS. THE ORGANIZATION ALSO SPONSORS BUSINESS SEMINARS AND BUSINESS MENTORING PROGRAMS WHICH PROMOTE ITS MISSION OF EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meghan Hunscher President-As | OfficerTrustee | $0 | |
Thomas Lyons Trustee-As R | Trustee | $0 | |
Dina M O'keefe Cfo-As Req'd | OfficerTrustee | $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 | $0 |
| Investment income | $1 |
| 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 | $1 |
| 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 | $1,050 |
| 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 | $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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,683 |
| Savings and temporary cash investments | $5,664 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,500 |
| 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 | $8,847 |
| 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 | $3,797 |
| Net assets with donor restrictions | $5,050 |
| 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 | $8,847 |