Toms River Business Development Corporation

Organization Overview

Toms River Business Development Corporation, operating under the name Toms River Business Development, is located in Toms River, NJ. The organization was established in 2004. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Toms River Business Development employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Toms River Business Development 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, Toms River Business Development generated $541.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $445.4k during the year ending 12/2021. While expenses have increased by 4.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES ARE TO ENHANCE THE ECONOMIC VIABILITY OF THE DOWNTOWN TOMS RIVER BUSINESS DISTRICT. THE ORGANIZATION WAS ESTABLISHED BY A SUPPLEMENT TO THE :CODE OF THE TOWNSHIP OF TOMS RIVER" ADDING CHAPTER 440, SPECIAL IMPROVEMENT DISTRICT DESIGNATED AND DISTRICT MANAGEMENT CORPORATION ESTABLISHED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PERFORMS MARKETING, PUBLIC RELATIONS, BUINESS ASSISTANCE AND PROMOTION OF THE TOMS RIVER BUSINESS IMPROVEMENT DISTRICT.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
William Beining
Vice Chairma
$0
Michael Hovance
Correspondin
$0
Robert Shea
Chairman
$0
Lee Pelton
Treasurer
$0
Tony Agliata
Director
$0
John Brown
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $138,504
All other contributions, gifts, grants, and similar amounts not included above$1,336
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$139,840
Total Program Service Revenue$401,402
Investment income $313
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 $541,555

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Toms River Business Development Corporation has recieved totaling $16,000.

Awarding OrganizationAmount
Capodagli Charitable Foundation A Nj Nonprofit Corporation

Linden, NJ

PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.

$16,000
View Grant Recipient Profile

Create an account to unlock the data you need.

or