Maxwell Place Waterfront Park Corporation Inc

Organization Overview

Maxwell Place Waterfront Park Corporation Inc is located in Hoboken, NJ. The organization was established in 2013. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maxwell Place Waterfront Park Corporation Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2021, Maxwell Place Waterfront Park Corporation Inc generated $485.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $200.1k during the year ending 12/2021. While expenses have increased by 2.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

PARK OPERATIONS-SEE RESPONSE TO PART III, QUESTION 1, ON SCHEDULE O


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Board, Officers & Key Employees

Name (title)Compensation
Daryl Solomon
Trustee
$0
Leo Pellegrini
Trustee
$0
Emily Jabbour
Trustee
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$438,400
Investment income $7,364
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 $485,224

Endowment Analysis

Beg. Balance$1,610,357
Earnings$7,200
Net Contributions$194,208
Other Expense$2,370
Ending Balance$1,809,395

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