Gbar Consolidated A Nj Nonprofit Corp
- Assets
- $9.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 18
- Location
- Saddle Brook, NJ
- Founding
- Data as of
- 12/2022
- EIN
- 83-2766589
Organization Overview
Gbar Consolidated A Nj Nonprofit Corp is located in Saddle Brook, NJ. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Gbar Consolidated A NJ Nonprofit Corp employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gbar Consolidated A NJ Nonprofit Corp is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Gbar Consolidated A NJ Nonprofit Corp generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $2.3m 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
WE OFFER CONTINUING EDUCATIONAL PROGRAMS TO ATTRACT INDIVIDUALS INTO THE REAL ESTATE INDUSTRY BY SPONSORING SEMINARS AND ORIENTATION PROGRAMS FOR THAT PURPOSE
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OFFER CONTINUING EDUCATIONAL PROGRAMS TO ATTRACT INDIVIDUALS INTO THE REAL ESTATE INDUSTRY BY SPONSORING SEMINARS AND ORIENTATION PROGRAMS FOR THAT PURPOSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Ajamian President | Officer | 4 | $0 |
Lisa Comito President El | Trustee | 4 | $0 |
Janet Ginsberg Treasurer | Officer | 4 | $0 |
Nicola G Esposito Jr Vice Preside | Trustee | 4 | $0 |
Robert Funabashi Immed Past P | Officer | 4 | $0 |
Jorge Ledesma CEO | Officer | 50 | $202,648 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,936,498 |
| 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 | $1,936,498 |
| Total Program Service Revenue | $343,698 |
| Investment income | $19,805 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$14,516 |
| Net Gain/Loss on Asset Sales | -$3,704 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,758 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,292,539 |
| 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. | $202,648 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $587,083 |
| Pension plan accruals and contributions | $15,867 |
| Other employee benefits | $77,776 |
| Payroll taxes | $70,745 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,093 |
| Fees for services: Accounting | $9,308 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,768 |
| Fees for services: Other | $18,183 |
| Advertising and promotion | $31,580 |
| Office expenses | $34,973 |
| Information technology | $97,812 |
| Royalties | $0 |
| Occupancy | $307,080 |
| Travel | $6,236 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $406,916 |
| Interest | $53,998 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,745 |
| Insurance | $6,407 |
| All other expenses | $46,390 |
| Total functional expenses | $2,282,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,586,027 |
| Savings and temporary cash investments | $1,206,373 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,375 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,387 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,839,387 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,158 |
| Total assets | $9,692,707 |
| Accounts payable and accrued expenses | $2,810 |
| Grants payable | $0 |
| Deferred revenue | $1,161,699 |
| 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 | $2,821,819 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $98,257 |
| Total liabilities | $4,084,585 |
| Net assets without donor restrictions | $5,608,122 |
| 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 | $9,692,707 |