Greater Trenton Inc
- Assets
- $1.8m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 6
- Location
- Trenton, NJ
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 26-1307260
Organization Overview
Greater Trenton Inc is located in Trenton, NJ. The organization was established in 2008. 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 12/2021, Greater Trenton Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Trenton 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 12/2021, Greater Trenton Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $897.5k during the year ending 12/2021. 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
BROKER, FOSTER, AND LEVERAGE PRIVATE, PUBLIC, AND COMMUNITY RESOURCES TO ENHANCE AND PROMOTE REDEVELOPMENT INITIATIVES THAT WILL REVITALIZE THE CITY OF TRENTON, NEW JERSEY WITH A PARTICULAR EMPHASIS ON THE DOWNTOWN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROKER, FOSTER, AND LEVERAGE PRIVATE, PUBLIC, AND COMMUNITY RESOURCES TO ENHANCE AND PROMOTE REDEVELOPMENT INITIATIVES THAT WILL REVITALIZE THE CITY OF TRENTON, NEW JERSEY WITH A PARTICULAR EMPHASIS ON THE DOWNTOWN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George D Sowa CEO | Officer | 40 | $262,500 |
Bryan A Evans Vice President | Officer | 40 | $119,242 |
Kevin Cummings Board Chairman | OfficerTrustee | 5 | $0 |
Dr Merodie Hancock Corporate Secretary | OfficerTrustee | 5 | $0 |
Peg Forrestel Treasurer | OfficerTrustee | 5 | $0 |
Dr Leticia Ferri Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,325,679 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,325,679 |
| 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 | $0 |
| Net Income from Fundraising Events | $89,636 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,445,315 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $142,884 |
| 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. | $385,225 |
| Compensation of current officers, directors, key employees. | $19,261 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $82,930 |
| Pension plan accruals and contributions | $64,639 |
| Other employee benefits | $22,186 |
| Payroll taxes | $33,517 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,094 |
| Office expenses | $31,141 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,584 |
| 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 | $10,256 |
| Insurance | $7,955 |
| All other expenses | $2,390 |
| Total functional expenses | $897,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $830,925 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $538,700 |
| Accounts receivable, net | $51,476 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $60,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,464 |
| Net Land, buildings, and equipment | $305,466 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,792,031 |
| Accounts payable and accrued expenses | $154,038 |
| Grants payable | $0 |
| Deferred revenue | $85,000 |
| 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 | $57,800 |
| Total liabilities | $296,838 |
| Net assets without donor restrictions | $1,117,793 |
| Net assets with donor restrictions | $377,400 |
| 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 | $1,792,031 |
Grants Awarded
Over the last fiscal year, Greater Trenton Inc has awarded $142,884 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DELAWARE VALLEY REGIONAL PLANNING COMMISSION PURPOSE: ASSISTANCE RELATED TO THE ORGANIZATION'S PARTICIPATION WITH DELAWARE VALLEY REGIONAL PLANNING COMMISSION BIKE/PEDESTRIAN TRAIL PROJECT. | $97,884 |
Pittsburgh, PA PURPOSE: ASSISTANCE RELATED TO STEM EDUCATION FOR STUDENTS IN THE TRENTON PUBLIC SCHOOL SYSTEM. | $45,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Greater Trenton Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Roma Bank Community Foundation Inc Short Hills, NJ PURPOSE: GENERAL PURPOSE | $25,000 |
Roma Bank Community Foundation Inc Short Hills, NJ PURPOSE: GENERAL PURPOSE | $5,000 |
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 |