Flemington Improvement District Inc
- Assets
- $162.5k
- Revenue
- $575.3k
- Investments
- $0.0
- Employees
- 11
- Location
- Flemington, NJ
- Founding
- 09/2016
- Data as of
- 12/2022
- EIN
- 81-1648461
Organization Overview
Flemington Improvement District Inc is located in Flemington, NJ. The organization was established in 2016. 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 12/2022, Flemington Improvement District Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flemington Improvement District 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 12/2022, Flemington Improvement District Inc generated $575.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $613.9k during the year ending 12/2022. While expenses have increased by 22.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER A THRIVING BUSINESS COMMUNITY IN THE BOROUGH OF FLEMINGTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FURTHERANCE OF ITS ECONOMIC DEVELOPMENT MISSION, THE FCP PROVIDES EXTENSIVE BUSINESS DEVELOPMENT SUPPORT TO HUNDREDS OF BUSINESSES LOCATED IN FLEMINGTON BOROUGH. SERVICES INCLUDE BUSINESS CONSULTING, TRAININGS, AND HELPING TO LAUNCH NEW BUSINESSES. THE FCP ALSO CONDUCTS THEMED BUSINESS PROMOTIONS AND MARKETING CAMPAIGNS DESIGNED TO DRIVE CUSTOMER TRAFFIC AND SALES. PROMOTIONAL CAMPAIGNS ARE COMPRISED OF WEB PROMOTIONS, SOCIAL MEDIA, ADVERTISING, PRINT COLLATERAL, AND GRASS ROOTS MARKETING. EXAMPLES INCLUDE RESTAURANT WEEKS, VALENTINE'S DAY PROMOTIONS, HEALTH AND WELLNESS PROMOTIONS, MOTHER'S AND FATHER'S DAY PROMOTIONS, SEASONAL AND HOLIDAY PROMOTIONS. DURING 2020, THE ORGANIZATION, IN PARTNERSHIP WITH THE BOROUGH OF FLEMINGTON PARTICIPATED NJ'S OPPORTUNITY ZONE CHALLENGE PROGRAM SPONSORED BY THE NJEDA. THE FCP ALSO HOSTS EVENTS AND FORUMS FOR STAKEHOLDER GROUPS.
THE FCP WORKS YEARROUND TO ENHANCE THE VISUAL ATTRACTIVENESS OF FLEMINGTON BOROUGH. VISUAL IMPROVEMENT PROJECTS INCLUDE, BUT ARE NOT LIMITED TO: BANNER PROGRAMS, SEASONAL DECORATING FOR FALL AND THE WINTER HOLIDAYS, PUBLIC ART PROJECTS, LANDSCAPING AND BEAUTIFICATION PROJECTS.
AS THE DESTINATION MARKETING AGENCY FOR FLEMINGTON, THE FCP PROMOTES THE BOROUGH USING A WIDE ARRAY OF PRINT AND DIGITAL MARKETING MATERIALS INCLUDING BUT NOT LIMITED TO A WEBSITE, VISITOR GUIDES, WALKING TOURS, SEASONAL EVENT GUIDES, BLOGS AND NICHE PROMOTIONAL MATERIALS. THE FCP OPERATES A VISITOR KIOSK AND USES SOCIAL MEDIA, MEDIA RELATIONS AND EMAIL MARKETING TO BRING ONGOING ATTENTION TO FLEMINGTON'S UNIQUE OFFERINGS. THE ORGANIZATION PROVIDES SPECIAL EVENT GRANTS TO QUALIFIED ORGANIZATIONS THAT HOST EVENTS BENEFITTING MULTIPLE STAKEHOLDERS. THE FCP ALSO PRODUCES FOUR MAJOR EVENTS DESIGNED TO ATTRACT THOUSANDS OF VISITORS TO THE BOROUGH WHILE ENRICHING THE QUALITY OF LIFE FOR LOCALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Lapidus Ex. Director | Officer | 35 | $111,750 |
Jack Cust Trustee | Trustee | 5 | $0 |
Jim Gano Trustee | Trustee | 5 | $0 |
Toni Gushue Trustee | Trustee | 5 | $0 |
Norma Cruz Ruiz Trustee | Trustee | 5 | $0 |
Karen Shankoff 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 | $5,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,500 |
| Total Program Service Revenue | $569,759 |
| 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 | $575,259 |
| 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. | $122,800 |
| Compensation of current officers, directors, key employees. | $36,840 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,946 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,028 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,656 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $115,224 |
| Advertising and promotion | $0 |
| Office expenses | $6,125 |
| Information technology | $3,417 |
| Royalties | $0 |
| Occupancy | $33,699 |
| Travel | $14 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,154 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,365 |
| All other expenses | $0 |
| Total functional expenses | $613,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,094 |
| 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 | $7,417 |
| Total assets | $162,511 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $28,135 |
| Total liabilities | $28,135 |
| Net assets without donor restrictions | $134,376 |
| 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 | $162,511 |