Metuchen Downtown Alliance A Nj Nonprofit Corporation
- Assets
- $42.1k
- Revenue
- $636.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Metuchen, NJ
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 81-1396225
Organization Overview
Metuchen Downtown Alliance A Nj Nonprofit Corporation is located in Metuchen, NJ. The organization was established in 2016. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metuchen Downtown Alliance A NJ Nonprofit Corporation 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 12/2022, Metuchen Downtown Alliance A NJ Nonprofit Corporation generated $636.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $830.4k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE METUCHEN DOWNTOWN ALLIANCE IS A VOLUNTEER-BASED, NON-PROFIT DOWNTOWN MANAGEMENT CORPORATION DEDICATED TO THE PROMOTION AND REVITALIZATION OF THE DESIGNATED METUCHEN BUSINESS DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED TO: (I) MANAGE AND LEADIN PROMOTING THE ECONOMIC VITALITY OF THE DISTRICT, (II) PROMOTE FULL MEMBERGROWTH AND REVITALIZATION, (III) ENHANCE PUBLIC AWARENESS OF THE FULL MEMBERBUSINESSES, (IV) FACILITATE COOPERATION AMONG FULL MEMBERS, METUCHEN RESIDENTS, METUCHEN MUNICIPAL GOVERNMENT AND OTHER PUBLIC INSTITUTIONS,AND (V) FOSTER GOOD WILL BETWEEN THE FULL MEMBERS AND THE GENERAL PUBLIC.THE CORPORATION SHALL BE NON-PARTISAN AND NON-SECTARIAN, AND SHALL OPERATEINDEPENDENTLY OF, BUT IN COOPERATION WITH, OTHER PUBLIC AND PRIVATE ENTITIES.
MARKETING: INCREASED EARNED AND UNEARNED MEDIA COVERAGE FOR THE DOWNTOWN DISTRICT AND BUSINESSES. DIGITAL MEDIA STRATEGY RESULTED IN GROWTH ON PLATFORMS BETWEEN 34.7% AND 87.7% YEAR OVER YEAR. RETAIL PROMOTIONS ATTRACTED PEOPLE DOWNTOWN AND MADE CASH REGISTERS RING FOR BUSINESSES. THESE INCLUDED: BUY ME LOVE, FOOD PANTRY TAKEOVER ON THE PLAZA, SOCIALLY DISTANT NYE, SMALL BUSINESS SATURDAY, AND TWAS THE WEEKEND BEFORE CHRISTMAS.
PLACEMAKING: IMPROVED STREETS, SIDEWALKS AND STOREFRONTS THROUGH PROVIDING DESIGN ASSISTANCE AND OFFERING MATCHING GRANTS TO BUSINESSES AND OWNERS FOR MAKING IMPROVEMENTS. ALSO, COORDINATED PLANTING AND MAINTENANCE FOR 50 DOWNTOWN PLANTERS. COMMISSIONED SEVERAL PUBLIC ART PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Issac D Kremer Exec. Director | 40 | $62,250 | |
Dawn Mackey Exec. Director | 40 | $17,709 | |
Daniel Cea Trustee | Trustee | 0 | $0 |
Sean Massey Trustee | Trustee | 0 | $0 |
Bobbie Theivakumaran Chairman | OfficerTrustee | 0 | $0 |
Stuart Schooler Treasurer | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $573,759 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,116 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $636,875 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $636,875 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $88,699 |
| Compensation of current officers, directors, key employees. | $88,699 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,811 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $557,726 |
| Advertising and promotion | $124,653 |
| Office expenses | $5,385 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,800 |
| Travel | $8,168 |
| 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 | $799 |
| Insurance | $3,991 |
| All other expenses | $3,360 |
| Total functional expenses | $830,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,072 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $42,072 |
| Accounts payable and accrued expenses | $6,497 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $200,000 |
| Other liabilities | $0 |
| Total liabilities | $206,497 |
| Net assets without donor restrictions | -$164,425 |
| Net assets with donor restrictions | $0 |
| 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 | $42,072 |