Hamilton Twp Economic Development Corp
- Assets
- $96.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hamilton, NJ
- Founding
- 02/1997
- Data as of
- 12/2022
- EIN
- 22-3357345
Organization Overview
Hamilton Twp Economic Development Corp is located in Hamilton, NJ. The organization was established in 1997. 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. Hamilton Twp Economic Development Corp 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 12/2022, Hamilton Twp Economic Development Corp generated $85.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $83.8k during the year ending 12/2022. While expenses have increased by 0.3% per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
THE OBJECTIVES OF HTEDC DERIVES FROM THE VIEW THAT THE SOCIAL AND CIVIC WELFARE OF THE CITIZENS OF HAMILTON TOWNSHIP (TOWNSHIP) WILL BE ADVANCED BY ACTIVELY PROMOTING AND ASSISTING THE GROWTH, DEVELOPMENT AND REDEVELOPMENT, OF BUSINESS AND COMMERCE IN THE COMMUNITY. THE HTEDC, AS PART OF ITS MISSION, WILL FOCUS PUBLIC AND PRIVATE ATTENTION ON A BROAD SPECTRUM OF TOWNSHIP COMMUNITY NEEDS AND PROBLEMS. THE HTEDC IS INTENDED AS A PUBLIC-PRIVATE PARTNERSHIP AND VENTURE IN THE TRUEST SENSE WHERE LOCAL GOVERNMENT AND THE BUSINESS LEADERSHIP CAN CONTRIBUTE THEIR EXPERIENCE AND WORK TOGETHER IN A SINGLE ORGANIZATION TO CARRY OUT PROGRAMS DESIGNED TO AID, ABET OR UNDERTAKE NEEDED INDUSTRIAL, COMMERCIAL AND ECONOMIC DEVELOPMENT PROJECTS WITHIN THE CORPORATE LIMITS OF THE MUNICIPALITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Holland Executive Director | 40 | $0 | |
Jeannine Cimino Chairman | 10 | $0 | |
Frank J Lucchesi Vice Chairman | 5 | $0 | |
Lee D Boss Secretary / Treasurer | 10 | $0 | |
Jeff Martin Mayor Executive Committee Member | 5 | $0 | |
Richard Freeman Executive Committee Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $51,500 |
| Investment income | $18 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $34,425 |
| Total Revenue | $85,943 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $83,838 |
| Total expenses | $83,838 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $95,978 |
| Other assets | $0 |
| Total assets | $95,978 |
| Total liabilities | $10,750 |
| Net assets or fund balances | $85,228 |