Sussex County Economic Development Partnership Inc is located in Newton, NJ. The organization was established in 1996. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Sussex County Economic Development Partnership Inc 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 12/2021, Sussex County Economic Development Partnership Inc generated $59.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $57.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.0%) per year over the past 7 years. 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
2021
Describe the Organization's Program Activity:
Part 3
THE DEVELOPMENT AND IMPLEMENTATION OF AN ECONOMIC PLAN DESIGNED TO STRENGTHEN AND STIMULATE PRIVATE INVESTMENT IN SUSSEX COUNTY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tammie A Horsfield President | 10 | $0 | |
Keri Marino Treasurer | 2 | $0 | |
Gregory Poff II Trustee | 2 | $0 | |
Jackie Espinoza Chairman | 2 | $0 | |
Tom Ryan Past Chairman | 2 | $0 | |
Miles Kuperus Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $59,584 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $8 |
Total Revenue | $59,592 |
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 | $1,500 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $55,513 |
Total expenses | $57,013 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $22,313 |
Other assets | $0 |
Total assets | $22,313 |
Total liabilities | $12,174 |
Net assets or fund balances | $10,139 |