Nonprofit · EIN 20-2535990
HACKETTSTOWN BUSINESS IMPROVEMENT DISTRICT INC
Tax-exempt · HACKETTSTOWN, NJ 07840
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $328,862 | $339,957 | -$11,095 | $9,500 | $0 | $9,500 |
| December 31, 2023 | 990 | $347,609 | $391,888 | -$44,279 | $20,595 | $0 | $20,595 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $226,118
- of which government grants
- $221,853
- Program service revenue
- $102,565
- Investment income
- $179
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $83,538
- Other salaries and wages
- $43,859
- Salaries, compensation and benefits (total)
- $140,888
- Professional fundraising fees
- $0
- Accounting fees
- $6,045
- Occupancy
- $23,773
- Travel
- $3,616
- Depreciation
- $1,597
- Program services (functional)
- $191,869
- Management and general (functional)
- $148,088
Balance sheet and other
- Total assets, start of year
- $20,595
- Total assets, end of year
- $9,500
- Total liabilities, end of year
- $0
- Net assets, end of year
- $9,500
- Land, buildings and equipment
- $1,815
- Net assets without donor restrictions
- -$7,683
- Net assets with donor restrictions
- $17,183
- Gross receipts
- $328,862
- Employees
- 3
- Volunteers
- 50
- Year formed
- 2004
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURIE RAPISARDI | EXECUTIVE DI Trustee or director | 40 | $83,538 |
| KATHI HOMENICK | PRESIDENT Trustee or director, Officer | – | $0 |
| MATTHEW CAPANO | VICE PRESIDE Trustee or director, Officer | – | $0 |
| JOE FISHER | TREASURER Trustee or director, Officer | – | $0 |
| DENISE MAGURIE | SECRETARY Trustee or director, Officer | – | $0 |
| JERRY DIMAIO | TRUSTEE Trustee or director | – | $0 |
| MATTHEW ENGELAU | TRUSTEE Trustee or director | – | $0 |
| LENNY KUNZ | TRUSTEE Trustee or director | – | $0 |
| MONICA LEMPERLE | TRUSTEE Trustee or director | – | $0 |
| BRUNO PASQUALE | TRUSTEE Trustee or director | – | $0 |
| TOM SCHIANO | TRUSTEE Trustee or director | – | $0 |
| JENNIFER BONGIOVANNI | TRUSTEE Trustee or director | – | $0 |
| TERRI RINTZ | TRUSTEE Trustee or director | – | $0 |
| ROBERT HORNBERGER | TRUSTEE Trustee or director | – | $0 |
| AMANDA VOINIER | TRUSTEE Trustee or director | – | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JANE DEWITT | TRUSTEE Trustee or director | – | $0 |
| JORDAN GLATT | TRUSTEE Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURIE RAPISARDI | EXECUTIVE DI Trustee or director | 40 | $80,250 |
| KATHI HOMENICK | PRESIDENT Trustee or director, Officer | – | $0 |
| MATTHEW CAPANO | VICE PRESIDE Trustee or director, Officer | – | $0 |
| JOE FISHER | TREASURER Trustee or director, Officer | – | $0 |
| DENISE MAGURIE | SECRETARY Trustee or director, Officer | – | $0 |
| JERRY DIMAIO | TRUSTEE Trustee or director | – | $0 |
| LISA DIMICELI | TRUSTEE Trustee or director | – | $0 |
| MATTHEW ENGELAU | TRUSTEE Trustee or director | – | $0 |
| LEN KUNZ | TRUSTEE Trustee or director | – | $0 |
| MONICA LEMPERLE | TRUSTEE Trustee or director | – | $0 |
| HELENE NGUYEN | TRUSTEE Trustee or director | – | $0 |
| BRUNO PASQUALE | TRUSTEE Trustee or director | – | $0 |
| TOM SCHIANO | TRUSTEE Trustee or director | – | $0 |
| KAREN DIMARIA | TRUSTEE Trustee or director | – | $0 |
| JENNIFER BONGIOVANNI | TRUSTEE Trustee or director | – | $0 |
| TERRI RINTZ | TRUSTEE Trustee or director | – | $0 |
| LISA NORTON | TRUSTEE Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 219 MAIN ST, HACKETTSTOWN, NJ 07840-2001
- In care of
- % DAVID RUCKI
- Principal officer (990 for 2024)
- KATHI HOMENICK
- Signed the 990
- LAURIE RAPISARDI, EXECUTIVE DIRECTOR
- Phone
- (908) 850-5004
- Website
- HACKETTSTOWNBID.COM
- Return prepared by
- WILLIAM SOMERS CPA LLC
Mission
TO OPERATE A BUSINESS IMPROVEMENT DISTRICT AND TO FUNCTION AS A DISTRICT MANAGEMENT CORPORATION UNDER NJ DISTRICT MANAGEMENT ACT OF 1984. TO FORMULATE, PROMOTE AND IMPLEMENT THE ECONOMIC REVITALIZATION AND GENERAL WELFARE OF THE COMMERCIAL AREA. TO PROVIDE A SELF-HELP MECHANISM BY WHICH RELEVANT INTERESTS CAN EXPAND BUSINESS OPPORTUNITIES AND SALES, IMPROVE PROPERTY VALUES AND ENHANCE THE ENVIRONMENT FOR RESIDENTS, SHOPPERS AND VISITORS AS WELL AS MOBILIZE PUBLIC AND PRIVATE RESOURCES FOR THIS PURPOSE.
Program accomplishments
- VARIOUS PROGRAMS ARE HELD THROUGHOUT THE YEAR TO PROMOTE COMMUNITY INVOLVEMENT AND BUSINESS WITHIN THE IMPROVEMENT DISTRICT.Expenses $164,621 · revenue $102,565
- THE BID CONTRIBUTES TO THE BEAUTIFICATION OF MAIN STREET WITH ITS HOLIDAY DECORATION, STREET MAINTENANCE AND HANGING PLANTER PROGRAMS.Expenses $27,248
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-2535990
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P99)
- Assets (IRS master file)
- $9,500
- Income (IRS master file)
- $328,862
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $328,862 | $339,957 | $9,500 | XML |
| 990 | December 2023 | $347,609 | $391,888 | $20,595 | XML |
| 990 | December 2022 | $259,803 | $309,115 | $64,874 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2535990).
Questions about HACKETTSTOWN BUSINESS IMPROVEMENT DISTRICT INC
- What is the EIN of HACKETTSTOWN BUSINESS IMPROVEMENT DISTRICT INC?
- The employer identification number (EIN) of HACKETTSTOWN BUSINESS IMPROVEMENT DISTRICT INC is 20-2535990.
- Is HACKETTSTOWN BUSINESS IMPROVEMENT DISTRICT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to HACKETTSTOWN BUSINESS IMPROVEMENT DISTRICT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HACKETTSTOWN BUSINESS IMPROVEMENT DISTRICT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HACKETTSTOWN BUSINESS IMPROVEMENT DISTRICT INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HACKETTSTOWN BUSINESS IMPROVEMENT DISTRICT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HACKETTSTOWN BUSINESS IMPROVEMENT DISTRICT INC?
- The 990 for the year ended December 31, 2024 names KATHI HOMENICK.
- Who are the officers and directors of HACKETTSTOWN BUSINESS IMPROVEMENT DISTRICT INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 1 received compensation from the organization, the highest $83,538 (LAURIE RAPISARDI, EXECUTIVE DI).
- How much revenue does HACKETTSTOWN BUSINESS IMPROVEMENT DISTRICT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $328,862, expenses of $339,957 and total assets of $9,500 at year end.
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