Greater Trenton Inc
- Assets
- $1.1m
- Revenue
- $451.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Trenton, NJ
- Founding
- 03/2008
- Data as of
- 12/2023
- 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 12/2023, Greater Trenton Inc employed 4 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 12/2023, Greater Trenton Inc generated $451.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $787.7k during the year ending 12/2023. 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
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 |
|---|---|---|---|
Kevin Cummings Board Chairman | OfficerTrustee | 5 | $0 |
Dr Merodie Hancock Corporate Secretary | OfficerTrustee | 5 | $0 |
Peg Forrestel Treasurer | OfficerTrustee | 5 | $0 |
Suzanne Borgos Trustee | Trustee | 5 | $0 |
Dr Leticia Ferri Trustee | Trustee | 5 | $0 |
Dan Kennedy 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 | $289,659 |
| Noncash contributions included in lines 1a–1f | $6,299 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $289,659 |
| 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 | $97,007 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $451,534 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $493,545 |
| Pension plan accruals and contributions | $25,501 |
| Other employee benefits | $61,198 |
| Payroll taxes | $33,771 |
| 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 | $10,284 |
| Office expenses | $25,789 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,733 |
| 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 | $11,280 |
| Insurance | $9,632 |
| All other expenses | $6,421 |
| Total functional expenses | $787,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $621,701 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $48,100 |
| Accounts receivable, net | $68,053 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $98,040 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,727 |
| Net Land, buildings, and equipment | $284,340 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,125,961 |
| Accounts payable and accrued expenses | $114,164 |
| 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 | $26,400 |
| Total liabilities | $225,564 |
| Net assets without donor restrictions | $833,609 |
| Net assets with donor restrictions | $66,788 |
| 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 | $1,125,961 |
Grants Awarded
Over the last fiscal year, Greater Trenton Inc has awarded $89,825 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. | $44,825 |
PNC FOUNDATION PURPOSE: ASSISTANCE RELATED TO STEM EDUCATION FOR STUDENTS IN THE TRENTON PUBLIC SCHOOL SYSTEM. | $45,000 |