Elizabeth Avenue Partnership Inc
- Assets
- $342.2k
- Revenue
- $281.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Elizabeth, NJ
- Founding
- 11/2001
- Data as of
- 06/2023
- EIN
- 22-3698211
Organization Overview
Elizabeth Avenue Partnership Inc is located in Elizabeth, NJ. The organization was established in 2001. 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 06/2023, Elizabeth Avenue Partnership Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elizabeth Avenue Partnership 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 06/2023, Elizabeth Avenue Partnership Inc generated $281.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $304.9k during the year ending 06/2023. While expenses have increased by 3.1% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
REVITALIZE AND ENHANCE ALL ASPECTS OF THE ELIZABETH AVENUE SHOPPING DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION FUNCTIONS TO SUPPLEMENT THE CITY'S SERVICES SUCH AS SECURITY, CLEANING OF STREETS, AND PROMOTION TO IMPROVE BUSINESS IN ELIZABETH, NEW JERSEY.
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 |
|---|---|---|---|
Dana Lemonova Chairwoman | OfficerTrustee | 3 | $0 |
Angel Rodriguez Treasurer | OfficerTrustee | 3 | $0 |
Tony Goncalves Vice Chairman | OfficerTrustee | 3 | $0 |
Emerson Amador Secretary | OfficerTrustee | 3 | $0 |
Daniel Devanney Board Member | Trustee | 2 | $0 |
Jonathan Phillips Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $28,408 |
| Related organizations | $0 |
| Government grants | $250,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $280,958 |
| Total Program Service Revenue | $0 |
| Investment income | $204 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $281,262 |
| 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. | $90,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,703 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,732 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,848 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,510 |
| Advertising and promotion | $0 |
| Office expenses | $5,882 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,185 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,119 |
| All other expenses | $0 |
| Total functional expenses | $304,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272 |
| Savings and temporary cash investments | $334,836 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,575 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,475 |
| Total assets | $342,158 |
| Accounts payable and accrued expenses | $2,600 |
| 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 | $0 |
| Total liabilities | $2,600 |
| Net assets without donor restrictions | $339,558 |
| Net assets with donor restrictions | $0 |
| 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 | $342,158 |