Essex County Economic Development Corp in Newark, New Jersey (NJ)
Table of contents:
Essex County Economic Development Corp | |
Employer Identification Number (EIN) | 222425096 |
Name of Organization | Essex County Economic Development Corp |
Address | 465 Dr Mlk Blvd Room 449, Newark, NJ 07102 |
Activities | Attracting new industry or retaining industry in an area |
Subsection | Charitable Organization |
Ruling Date | 05/1984 |
Deductibility | Contributions are deductible |
Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 05/2012 |
Assets | $500,000 to $999,999 |
Income | $1,000,000 to $4,999,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $724,879 |
Amount of Income | $1,605,649 |
Form 990 Revenue Amount | $1,602,602 |
National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2012: $1,605,649 (it was $1,305,438 in 2011)
Essex County Economic Development Corp: | $1,605,649 |
Other organizations performing similar types of work: | $190,298 |
Assets in 2012: $724,879 (it was $771,296 in 2011)
Essex County Economic Development Corp: | $724,879 |
Other organizations performing similar types of work: | $326,461 |
Expenses in 2011: $1,281,145
This organization: | $1,281,145 |
Other organizations performing similar types of work: | $231,022 |
Income to expenses ratio in 2011: 1.3
Essex County Economic Development Corp: | 1.3 |
Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2011: 99.0%
This organization: | 99.0% |
Other organizations performing similar types of work: | 35.7% |
Revenue for 2011
Functional expenses for 2011
Support schedule
Statements Regarding Other IRS Filings and Tax Compliance (for 2011) | |
Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
Initiation fees and capital contributions | $0 |
Gross receipts for public use of club facilities | $0 |
Gross income from members or shareholders | $0 |
Gross income from other sources | $0 |
Statement of Revenue (for 2011) | |
Total revenue | $1,303,063 |
Contributions, Gifts, Grants and Other Similar Amounts | $1,290,402 |
Program Service Revenue | $12,661 |
Other Revenue | |
Investment income (including dividends, interest, and other similar amounts) | $0 |
Income from investment of tax-exempt bond proceeds | $0 |
Royalties | $0 |
Net rental income | $0 |
Net gain from sales of assets other than inventory | $0 |
Net income from fundraising events | $0 |
Gross income from fundraising events | $2,375 |
Less: direct expenses | $2,375 |
Net income from gaming activities | $0 |
Net income from sales of inventory | $0 |
Miscellaneous Revenue | $0 |
Statement of Functional Expenses (for 2011) | |
Total functional expenses | $1,281,145 |
Compensation of current officers, directors, trustees, and key employees | $102,845 |
Other salaries and wages | $29,423 |
Payroll taxes | $0 |
Professional fundraising services | $0 |
Other | $1,148,877 |
Balance Sheet (for 2011) | |
Total assets | $771,296 |
Total liabilities | $54,924 |
Tax-exempt bond liabilities | $0 |
Secured mortgages and notes payable to unrelated third parties | $0 |
Unsecured notes and loans payable to unrelated third parties | $0 |
Other | $54,924 |
Total net assets or fund balances | $716,372 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Reason for Public Charity Status (for 2011) | |
The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011) | |
2007 - 2011 Total | |
---|---|
Total Support | $6,505,617 |
Gifts, grants, contributions, and membership fees received | $6,487,991 |
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $17,626 |
Gross receipts from related activities, etc. | $73,020 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | New Newark Foundation Inc | 744 Broad Street Suite 1705, Newark, NJ 07102 | NJ | 1997-06 | $549 |
2 | Uptown Columbus Inc | PO BOX 1237, Columbus, GA 31902-1237 | GA | 1985-04 | $12,826,789 |
3 | South Bronx Overall Economic Development Corporation | 555 Bergen Ave, Bronx, NY 10455-1368 | NY | 1973-08 | $8,444,805 |
4 | West Central Indiana Economic Development District Inc | 1718 Wabash Ave, Terre Haute, IN 47807-3323 | IN | 1969-08 | $5,403,201 |
5 | Stand Up For Salem Inc | Fenwick Plaza Suite 7, Salem, NJ 08079 | NJ | 1989-09 | $1,714,895 |
6 | Essex County Economic Development Corp | 465 Dr Mlk Blvd Room 449, Newark, NJ 07102 | NJ | 1984-05 | $1,605,649 |
7 | Millville Development Corporation | 22 High St N, Millville, NJ 08332-3830 | NJ | 1995-09 | $437,315 |
8 | Corinthian Housing Development Corporation | 862 S Orange Ave, Newark, NJ 07106 | NJ | 1991-08 | $277,114 |
9 | Southern Nj Development Council | 900 Rt 168 Ste D-4, Turnersville, NJ 08012-3207 | NJ | 1953-08 | $275,288 |
10 | Inlet Public-Private Association Inc | 31 S Rhode Island Ave, Atlantic City, NJ 08401-7760 | NJ | 1990-01 | $251,729 |
11 | Bunker Hill Industrial Park Special Improvement District Mgt Corp | PO BOX 274, Paterson, NJ 07544-0274 | NJ | 1996-11 | $193,254 |
12 | Teaneck Economic Development Corporation | 555 Cedar Lane, Teaneck, NJ 07666-1743 | NJ | 1998-06 | $127,955 |
13 | Greater Paterson Chamber Foundation Inc | 100 Hamilton Plaza, Paterson, NJ 07505-2109 | NJ | 1987-08 | $1,505 |
14 | Dover Vision Inc | PO BOX 1710, Dover, NJ 07802-1710 | NJ | 1995-06 | $10 |
15 | Ducktown Revitalization Association Inc | 6 N Mississippi Avenue, Atlantic City, NJ 08401 | NJ | 1997-02 | $0 |
16 | Martin Luther King Drive Neighborhood Development Corp | 37 Virginia Ave, Jersey City, NJ 07304-2217 | NJ | 1994-04 | $0 |
17 | Newark Economic Development Corp | 920 Broad St Ste 205, Newark, NJ 07102-2609 | NJ | 1985-08 | $0 |
18 | Oldmans Creek Watershed Association | PO BOX 152, Harrisonville, NJ 08039-0152 | NJ | 1997-10 | $0 |
19 | Southern New Jersey Partnership For Economic Development Inc | Piazza 6014 At Main Street, Voorhees, NJ 08043 | NJ | 1998-03 | $0 |
20 | Resurgens Foundation Inc | 304 Brookmere Ct, Ridgewood, NJ 07450-2604 | NJ | 1998-02 | $-24,920 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 531 |
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