Nonprofit · EIN 22-2322722
SOMERVILLE BUSINESS & PROFESSIONAL ASSOCIATION
Tax-exempt · SOMERVILLE, NJ 08876
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990-EZ | $11,773 | $16,511 | -$4,738 | $35,839 | – | $35,839 |
Financial details: 990-EZ for the year ended December 31, 2023
Revenue
- Program service revenue
- $11,754
- Investment income
- $19
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $3,465
- Printing, publications and postage
- $148
- Other expenses
- $12,898
Balance sheet and other
- Total assets, start of year
- $40,577
- Total assets, end of year
- $35,839
- Total liabilities, end of year
- –
- Net assets, end of year
- $35,839
- Cash, savings and investments
- $35,839
- Gross receipts
- $11,773
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-EZ for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mike Ivers | President | 1 | $0 |
| Lorraine Sarra | Secretary | 2 | $0 |
| Jim O'Gorman | Vice President | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 307, SOMERVILLE, NJ 08876-0307
- Signed the 990-EZ
- Lorraine Sarra, Secretary
- Phone
- (908) 725-1893
- Website
- www.somervillebiz.org
- Return prepared by
- ANTHONY F VETRO CPA LLC
Mission
THE PROMOTION AND ADVERTISING OF BUSINESSES WITHIN THE TOWN OF SOMERVILLE, NJ.
Program accomplishments
- THE PROMOTION AND ADVERTISING OF BUSINESSES WITHIN THE TOWN OF SOMERVILLE, NJ.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 22-2322722
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1981
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $35,839
- Income (IRS master file)
- $11,773
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2023 | $11,773 | $16,511 | $35,839 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | 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 22-2322722).
Questions about SOMERVILLE BUSINESS & PROFESSIONAL ASSOCIATION
- What is the EIN of SOMERVILLE BUSINESS & PROFESSIONAL ASSOCIATION?
- The employer identification number (EIN) of SOMERVILLE BUSINESS & PROFESSIONAL ASSOCIATION is 22-2322722.
- Is SOMERVILLE BUSINESS & PROFESSIONAL ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1981.
- Are donations to SOMERVILLE BUSINESS & PROFESSIONAL ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOMERVILLE BUSINESS & PROFESSIONAL ASSOCIATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of SOMERVILLE BUSINESS & PROFESSIONAL ASSOCIATION 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 SOMERVILLE BUSINESS & PROFESSIONAL ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2023.
- Who are the officers and directors of SOMERVILLE BUSINESS & PROFESSIONAL ASSOCIATION?
- The 990-EZ for the year ended December 31, 2023 lists 3 people; 0 received compensation from the organization.
- How much revenue does SOMERVILLE BUSINESS & PROFESSIONAL ASSOCIATION have?
- On its 990-EZ for the year ended December 31, 2023 it reported revenue of $11,773, expenses of $16,511 and total assets of $35,839 at year end.
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