Cumberland Development Corporation
- Assets
- $26.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bridgeton, NJ
- Founding
- 06/1996
- Data as of
- 12/2022
- EIN
- 22-3415196
Organization Overview
Cumberland Development Corporation is located in Bridgeton, 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. Cumberland Development Corporation 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, Cumberland Development Corporation generated $120.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $116.7k during the year ending 12/2022. 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
PROMOTED, ENCOURAGED, AND ASSISTED IN MAXIMIZING THE ECONOMIC DEVELOPMENT POTENTIAL OF MEMBER MUNICIPALITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abigail O'brien Chairperson | 1 | $0 | |
Michael Vizzard Vice Chairperson | 1 | $0 | |
Elmer Bowman Treasurer | 1 | $0 | |
James Crilley Secretary | 1 | $0 | |
Anthony Stanzione Executive Director | 45 | $71,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,000 |
| Total Program Service Revenue | $114,423 |
| Membership dues | $0 |
| Investment income | $14 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $120,437 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $77,710 |
| Professional fees and other payments to independent contractors | $2,030 |
| Occupancy, rent, utilities, and maintenance | $5,067 |
| Printing, publications, postage, and shipping | $3,040 |
| Other expenses | $28,809 |
| Total expenses | $116,656 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $26,573 |
| Other assets | $0 |
| Total assets | $26,573 |
| Total liabilities | $2,888 |
| Net assets or fund balances | $23,685 |