Carteret Business Partnership Inc

Organization Overview

Carteret Business Partnership Inc, operating under the name Cbp Inc, is located in Carteret, 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, Cbp Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cbp 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, Cbp Inc generated $9.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $8.3m during the year ending 12/2023. While expenses have increased by 23.5% per year over the past 7 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.

Since 2017, Cbp Inc has awarded 30 individual grants totaling $1,049,315. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

ASSIST THE BOROUGH OF CARTERET, COUNTY OF MIDDLESEX, NJ IN ECONOMIC DEVELOPMENT, PROMOTING BUSINESS GROWTH & DEVELOPMENT AND FOSTER GOODWILL BETWEEN THE BUSINESS COMMUNITY AND GENERAL PUBLIC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ASSIST IN ECONOMIC DEVELOPMENT, INFRASTRUCTURE & CAPITAL IMPROVEMENTS, BUSINESS GROWTH & DEVELOPMENT, COMMUNITY SUPPORT AND SERVICE.


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)Compensation
Daniel J Reiman
Chairman
$0
Hank Dorsi
Member
$0
Joseph Wutkowski
Treasurer
$0
Peter Visceglia
Member
$0
Aj Johal
Member
$0
Tanbir Duku
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $4,889,443
All other contributions, gifts, grants, and similar amounts not included above$145,348
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,034,791
Total Program Service Revenue$2,750,406
Investment income $82,277
Tax Exempt Bond Proceeds $2,066,700
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 $9,935,166

Grants Awarded

Over the last fiscal year, Carteret Business Partnership Inc has awarded $305,504 in support to 9 organizations.

Grant RecipientAmount

TROPEA & SONS

PURPOSE: ASSIST IN ECONOMIC DEVELOPMENT, INFRASTRUCTURE & CAPITAL IMPROVEMENTS, BUSINESS GROWTH & DEVELOPMENT, COMMUNITY SUPPORT AND SERVICE.

$12,246

GREAT LAKE POWER PRODUCTS

PURPOSE: ASSIST IN ECONOMIC DEVELOPEMENT, INFRASTRUCTURE & CAPITAL IMPROVEMENTS, BUSINESS GROWTH & DEVELOPEMENT, COMMUNITY SUPPORT AND SERVICE.

$9,201

BOROUGH OF CARTERET

PURPOSE: ASSIST IN ECONOMIC DEVELOPEMENT, INFRASTRUCTURE & CAPITAL IMPROVEMENTS, BUSINESS GROWTH & DEVELOPEMENT, COMMUNITY SUPPORT AND SERVICE.

$100,000

DL PRINTING COMPANY INC

PURPOSE: ASSIST IN ECONOMIC DEVELOPEMENT, INFRASTRUCTURE & CAPITAL IMPROVEMENTS, BUSINESS GROWTH & DEVELOPEMENT, COMMUNITY SUPPORT AND SERVICE.

$9,328

VITALE SIGN CORP

PURPOSE: ASSIST IN ECONOMIC DEVELOPEMENT, INFRASTRUCTURE & CAPITAL IMPROVEMENTS, BUSINESS GROWTH & DEVELOPEMENT, COMMUNITY SUPPORT AND SERVICE.

$29,170

WITMER PUBLIC SAFETY GROUP

PURPOSE: ASSIST IN ECONOMIC DEVELOPEMENT, INFRASTRUCTURE & CAPITAL IMPROVEMENTS, BUSINESS GROWTH & DEVELOPEMENT, COMMUNITY SUPPORT AND SERVICE.

$104,832
View Grant Profile

Peer Organizations

Organization NameAssets
Delaware River Waterfront Corporation
Philadelphia, PA
$19,823,036
Greater Philadelphia Tourism Marketing Corporation
Philadelphia, PA
$19,412,592
Greater Pittsburgh Convention & Visitors Bureau Inc
Pittsburgh, PA
$14,229,929
Insitech Inc
Warren, NJ
$14,466,949
Ridc Regional Growth Fund
Pittsburgh, PA
$17,522,772
Riverfront Development Corporation Of Delaware
Wilmington, DE
$3,658,097
Alleghenies Planning And Development Commission
Altoona, PA
$11,239,674
Trufund Financial Services Inc
New York, NY
$16,024,804
Sports Fans Coalition Ny Inc
Ronkonkoma, NY
$8,459,536
Carteret Business Partnership Inc
Carteret, NJ
$9,935,166
Nybdc Local Development Corporation
Albany, NY
$12,326,838
Ben Franklin Technology Partners Of Northeastern Pennsylvania Inc
Bethlehem, PA
$12,276,721
Choose New Jersey Inc
Newark, NJ
$8,239,156
Philadelphia Visitor Center Corporation
Philadelphia, PA
$7,331,890
Dauphin County Economic Development Corporation
Harrisburg, PA
$8,129,437
Structured Employment Economic Development Corporation
Bronx, NY
$6,558,823
Delaware Valley Industrial Resource Center
Philadelphia, PA
$6,840,008
Bucks County Conference & Visitors Bureau Inc
Newtown, PA
$6,785,070
Pennsylvania Dutch Tourist Bureau
Lancaster, PA
$5,942,495
Pa Irc Network Foundation
Williamsport, PA
$6,188,501
The Happy Valley Adventure Bureau
State College, PA
$6,039,710
Griffiss Local Development Corporation
Rome, NY
$6,476,737
Chester County Conference And Visitors Bureau
Kennett Square, PA
$5,557,003
Buffalo Niagara Convention Center Management Corporation
Buffalo, NY
$4,947,917
Kiryas Joel Municipal Local Development Corporation
Monroe, NY
$5,050,214

Create an account to unlock the data you need.

or