Fair Lawn Economic Development Corporation Inc
- Assets
- $138.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Teaneck, NJ
- Founding
- 06/2008
- Data as of
- 12/2022
- EIN
- 20-3531068
Organization Overview
Fair Lawn Economic Development Corporation Inc is located in Teaneck, NJ. The organization was established in 2008. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fair Lawn Economic Development Corporation 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, Fair Lawn Economic Development Corporation Inc generated $169.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $118.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO INCREASE BUSINESS DEVELOPMENT AND PROVIDE SUBSTANTIAL FINANCIAL AND OTHER INCENTIVES TO STRENGGTEHN AND IMPROVE EXISTING BUSINESSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Hall Board Member | 1 | $0 | |
Allen Weitzman Board Member | 1 | $0 | |
Abigail Polizois Board Member | 1 | $0 | |
Shana Cohen Trustee | 1 | $0 | |
Cameo Zvantes Trustee | 1 | $0 | |
Tod Christianson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,125 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $49 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $169,174 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $93,968 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,665 |
| Other expenses | $21,324 |
| Total expenses | $117,957 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $68,406 |
| Other assets | $0 |
| Total assets | $138,406 |
| Total liabilities | $6,244 |
| Net assets or fund balances | $132,162 |