2024-11-15T11:07:17-08:00 2023-12-31 221481139 SAMUEL KLEIN AND COMPANY 550 BROAD ST STE 11 NEWARK NJ 07102 990 2023-01-01 562293034 MONTCLAIR CENTER CORPORATION MONT 9735093820 26 LACKAWANNA PLAZA MONTCLAIR NJ 07042 MATT HORRIGAN Treasurer 2024-11-15 true true BRUCE W MICHEL P00381558 9736246100 2023 2024-10-15 13:58:12Z MATT HORRIGAN 26 LACKAWANNA PLAZA MONTCLAIR NJ 07042 1245125 false X WWW.MONTCLAIRCENTER.COM X 2002 NJ TO MAKE MONTCLAIR CENTER A VIBRANT PLACE TO SHOP,WORK,EAT,LIVE AND PLAY. 18 18 7 30 0 163000 215138 953583 1017990 136 0 13450 11997 1130169 1245125 0 0 497607 417903 0 10593 441485 808316 939092 1226219 191077 18906 991158 1066861 205887 262684 785271 804177 TO MAKE MONTCLAIR CENTER A VIBRANT PLACE TO SHOP,WORK,EAT,LIVE AND PLAY. false false 1158930 During the year, the organization worked to promote and improve Montclair Center. Specific activities included: sponsored special events, including fine and performing arts events and street fairs; provided technical support and assistance to businesses and prospective businesses; worked closely with elected and appointed officials, residents, businesses and visitors to improve local quality of life and business and provided supplemental services to enhance the appearance and aesthetics of the district. 1158930 true true false false false false false false false false true false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 12 12 true 7 true false false false false false false false 0 false false false false false false false false false false X 18 18 false false false false false false false true true false false true true true true false false true true false NJ X X X TAXPAYER 9735093820 26 LACKAWANNA PLAZA MONTCLAIR NJ 07042 X JASON GLEASON EXECUTIVE DIRECTOR 40.00 0.00 115450 0 0 LIZ RICH Secretary 2.13 0.00 X X 0 0 0 MATT HORRIGAN Treasurer 2.63 0.00 X X 0 0 0 ERNST GOLDMAN Vice President 2.53 0.00 X X 0 0 0 JAJI PACKARD Secretary 2.75 0.00 X X 0 0 0 EMER FEATHERSTONE Trustee 0.58 0.00 X 0 0 0 DANIEL GARCIA-PEDROSA Trustee 0.58 0.00 X 0 0 0 DAVID PLACEK Trustee 0.21 0.00 X 0 0 0 JILL MONTAGUE Trustee 0.87 0.00 X 0 0 0 RACHEL GROCHOWSKI Trustee 0.61 0.00 X 0 0 0 NATALIE HADDAD Trustee 0.73 0.00 X 0 0 0 DAVID CUMMINGS Trustee 0.73 0.00 X 0 0 0 RAY KETCHEM Trustee 0.73 0.00 X 0 0 0 JACOB NIEMAN Trustee 0.87 0.00 X 0 0 0 ROBERT SQUIRES Trustee 0.21 0.00 X 0 0 0 KRISTEN ZACHARES ASSITANT 1.90 0.00 X X 0 0 0 MATT SILVERMAN Trustee 0.87 0.00 X X 0 0 0 ASHLEY CYRUS Trustee 0.87 0.00 X 0 0 0 LORI PRICE ABRAMS Trustee 0.73 0.00 X 0 0 0 115450 1 false false false COMMERCIAL DISTRICT SERVICES LLC 228 N 15TH STREET BLOOMFIELD NJ 07003 296443 1 200138 15000 215138 BID Assessments 900099 1017990 1017990 1017990 0 0 0 0 0 0 0 0 Miscellaneous Revenue 900099 11997 11997 11997 1245125 1029987 0 0 0 0 115449 105082 8370 1997 0 247807 225539 17972 4296 0 0 54647 49737 3963 947 0 16650 13906 2436 308 23739 19827 3473 439 0 0 0 0 42703 42703 16184 13658 2229 297 14653 12238 2144 271 0 41759 34877 6109 773 0 0 16846 16846 0 0 37166 31041 5437 688 15277 12759 2235 283 Contract Services 347010 347010 DESTINATION MARKETING 136308 136308 SUPPORT EVENT PROGRAMING 41760 41760 VISUAL IMPROVEMENTS 23683 23683 34578 31956 2328 294 1226219 1158930 56696 10593 536715 610191 0 67500 42638 163933 131816 0 0 0 0 93301 94150 360325 315005 75986 45320 0 0 0 9916 13416 43807 129330 991158 1066861 7756 11698 163333 130666 34798 120320 205887 262684 X 779071 797977 6200 6200 785271 804177 991158 1066861 18906 X false true X true false X 41892 12000 92000 163000 215138 524030 0 0 41892 12000 92000 163000 215138 524030 0 524030 0 0 0 524030 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 360325 315005 45320 45320 INVENTORY 1032 Operating Lease right-of-use assets, net 120320 Security Deposit 7978 129330 OPERATING LEASE LIABILITY 120320 120320 X 1245125 1245125 1245125 1226219 1226219 1226219 Part X : FIN48 Footnote PART X LINE 2: THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. uNDER THAT GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBTI). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEARS ENDED DECEMBER 31,2023 AND 2022. THE ORGANIZATION FILES ITS FORMS 990 IN THE U.S. FEDERAL JURISDICTION AND THE OFFICE OF THE STATE'S ATTORNEY GENERAL FOR THE STATE OF NEW JERSEY. THE ORGANIZATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2021. Form 990, Part VI, Section B, Line 11b A DRAFT OF THE FORM 990 IS RECEIVED FROM THE AUDIT FIRM AND REVIEWED BY THE EXECUTIVE DIRECTOR AND TREASURER PRIOR TO FINALIZING. AFTER REVIEW FORM 990 IS PROVIDED TO THE ENTIRE BOARD PRIOR TO FILING. Form 990, Part VI, Section B, Line 12c ANNUALLY EACH BOARD MEMBER, OFFICER AND KEY EMPLOYEE REVIEWS THE POLICY AND DISCLOSES ANY CONFLICTS. Form 990, Part VI, Section B, Line 15a COMPENSATION IS BASED ON THE PERFORMANCE AND EXPERIENCE OF THE INDIVIDUAL. PROPOSED COMPENSATION IS COMPARED TO OTHER ORGANIZATIONS, THE AVAILABLE BUDGET AND IS APPROVED BY THE EXECUTIVE COMMITTEE. Form 990, Part VI, Section B, Line 15b COMPENSATION IS BASED ON THE PERFORMANCE AND EXPERIENCE OF THE INDIVIDUAL. PROPOSED COMPENSATION IS COMPARED TO OTHER ORGANIZATIONS, THE AVAILABLE BUDGET AND IS APPROVED BY THE EXECUTIVE COMMITTEE. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS,CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. THE ANNUAL REPORT OF THE ORGANIZATION IS AVAILABLE ON THE COMPANY'S WEBSITE WWW.MONTCLAIRCENTER.ORG. THE DOCUMENTS ARE ALSO AVAILABLE ON GUIDESTAR.ORG.