Trenton Downtown Association Inc
- Assets
- $574.4k
- Revenue
- $982.3k
- Investments
- $0.0
- Employees
- 9
- Location
- Trenton, NJ
- Founding
- 02/1987
- Data as of
- 06/2021
- EIN
- 22-2716244
Organization Overview
Trenton Downtown Association Inc is located in Trenton, NJ. The organization was established in 1987. 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. As of 06/2021, Trenton Downtown Association Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trenton Downtown Association Inc 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 06/2021, Trenton Downtown Association Inc generated $982.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $963.0k during the year ending 06/2021. While expenses have increased by 0.3% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE THE CAPITAL CITY OF TRENTON, NJ A MORE COMPETITIVE LOCATION FOR BUSINESS OWNERS AND AN ENGAGING CENTER FOR WORKERS, RESIDENTS, AND VISITORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FACILITATE THE REVITALIZATION OF DOWNTOWN TRENTON. PROGRAMS INCLUDE STREET MAINTENANCE, AREA BEAUTIFICATION, MAINTAINING A VISIBLE SECURITY, PROMOTIONAL PROGRAMS TO ATTRACT VISITORS TO DOWNTOWN, FESTIVAL EVENTS, AND OTHER PROGRAMS AND EVENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Gilmour Executive Dir. | Officer | 40 | $101,673 |
Patricia Hall Executive Dir. | Officer | 40 | $49,720 |
John Thurber Vice Chair | OfficerTrustee | 2 | $0 |
Eric Maywar Secretary | OfficerTrustee | 2 | $0 |
Kristine King Treasurer | OfficerTrustee | 2 | $0 |
Roland Pott Chairman | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $915,413 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,243 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $984,656 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,362 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $982,294 |
| 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. | $115,619 |
| Compensation of current officers, directors, key employees. | $34,686 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $178,719 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,590 |
| Payroll taxes | $26,445 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,872 |
| Fees for services: Accounting | $66,997 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $262,557 |
| Advertising and promotion | $74,272 |
| Office expenses | $7,712 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,762 |
| Travel | $265 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $47 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,995 |
| Insurance | $12,178 |
| All other expenses | $4,664 |
| Total functional expenses | $962,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $475,967 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $56,800 |
| 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 | $8,459 |
| Net Land, buildings, and equipment | $7,692 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $25,531 |
| Other assets | $0 |
| Total assets | $574,449 |
| Accounts payable and accrued expenses | $57,429 |
| 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 | $1,175 |
| Total liabilities | $58,604 |
| Net assets without donor restrictions | $465,295 |
| Net assets with donor restrictions | $50,550 |
| 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 | $574,449 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Trenton Downtown Association Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Geraldine R Dodge Foundation Incorporated Morristown, NJ PURPOSE: DOWNTOWN TRENTON PARKLET/OUTDOOR SPACE ACTIVATION PROJECT | $10,000 |
Geraldine R Dodge Foundation Incorporated Morristown, NJ PURPOSE: DOWNTOWN TRENTON PARKLET/OUTDOOR SPACE ACTIVATION PROJECT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
Delaware River Waterfront Corporation Philadelphia, PA | $26,551,411 | $24,883,136 |
T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Insitech Inc Warren, NJ | $450,270 | $14,466,949 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
Riverfront Development Corporation Of Delaware Wilmington, DE | $140,150,021 | $1,670,893 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |
Choose New Jersey Inc Newark, NJ | $7,145,867 | $9,053,939 |