Linden Economic Development Corp
- Assets
- $109.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Linden, NJ
- Founding
- 08/2009
- Data as of
- 12/2023
- EIN
- 22-2701639
Organization Overview
Linden Economic Development Corp is located in Linden, NJ. The organization was established in 2009. 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. Linden Economic Development Corp 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 12/2023, Linden Economic Development Corp generated $125.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $97.0k during the year ending 12/2023. While expenses have increased by 13.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Program Activity:
Part 3
PROMOTE, ENCOURAGE AND ASSIST ECONOMIC DEVELOPMENTIN THE CITY OF LINDEN, NEW JERSEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Lospinoso Director | 24 | $48,750 | |
Rebecca Kerins-Tattoli Secretary/ Treasurer | 2 | $16,500 | |
Barry Javick Board Member | 2 | $0 | |
Kathleen Burke Board Member | 2 | $0 | |
Nancy Sadlon Board Member | 2 | $0 | |
Armand Fiorletti Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $125,000 |
| Membership dues | $0 |
| Investment income | $48 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $125,048 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $65,250 |
| Professional fees and other payments to independent contractors | $20,685 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,110 |
| Total expenses | $97,045 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $109,216 |
| Other assets | $0 |
| Total assets | $109,216 |
| Total liabilities | $0 |
| Net assets or fund balances | $109,216 |