The Trustees Of The Morristown Green Incorporated
- Assets
- $4.0m
- Revenue
- $411.7k
- Investments
- $3.9m
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 10/1989
- Data as of
- 12/2021
- EIN
- 52-1649577
Organization Overview
The Trustees Of The Morristown Green Incorporated is located in Morristown, NJ. The organization was established in 1989. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, 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. Trustees Of The Morristown Green Incorporated 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, Trustees Of The Morristown Green Incorporated generated $411.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $220.2k during the year ending 12/2021. While expenses have increased by 3.9% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUSTEES OWN A 2 ACRE PARK IN THE CENTER OF MORRISTOWN FOR THE BENEFIT OF THE PUBLIC, WHICH WAS THE "MILITARY CAPITAL OF THE AMERICAN REVOLUTION." IT IS RESPONSIBLE FOR ITS MAINTENANCE AND PRESERVATION. IT HAS RAISED FUNDS TO ESTABLISH AN ENDOWMENT FOR THIS PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Badenhausen Trustee | 5 | $0 | |
Ronald Ayres Trustee | 5 | $0 | |
George Bellias Trustee | 5 | $0 | |
Charles Bensley Trustee | 5 | $0 | |
Gretchen Braunschweiger Secretary | 5 | $0 | |
Richard Deskovick Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $136,919 |
| Interest on Savings | $24 |
| Dividends & Interest | $100,960 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $173,747 |
| Capital Gain Net Income | $173,747 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $411,650 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,994 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $190,801 |
| Total operating and administrative expenses | $220,197 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $220,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $132,816 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,395,849 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,041,562 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
African Parks Foundation Of America New York, NY | $103,077,494 | $19,003,499 |
Randalls Island Park Alliance Inc New York, NY | $13,239,437 | $9,404,674 |
Army West Point Athletic Association Inc West Point, NY | $11,945,742 | $9,719,506 |
Westchester Parks Foundation Inc Mount Kisco, NY | $3,736,356 | $3,829,268 |
Usga Foundation Liberty Corner, NJ | $5,745,088 | $4,151,896 |
The Ball Family Foundation King of Prussia, PA | $4,322 | $1,729,500 |
Philly Races Inc Philadelphia, PA | $1,385,166 | $1,813,595 |
Percival P Baxter Trust Uw 14-0068 00-8 Pittsburgh, PA | $55,111,049 | $4,471,251 |
Untermyer Gardens Conservancy Yonkers, NY | $2,212,891 | $1,837,409 |
Endowment Fund Of Maccabi Usa Sports For Israel Inc Philadelphia, PA | $20,966,655 | $4,538,606 |
Pennsylvania State Alliance Of Ymcas Harrisburg, PA | $1,701,535 | $887,296 |
Camp Dudley Foundation Inc Westport, NY | $16,516,671 | $1,683,317 |