Nonprofit · EIN 22-2981634
THE AREO FUND INC
Tax-exempt · JERSEY CITY, NJ 07306
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $73,436 | $58,331 | $15,105 | $158,105 | – | $158,105 |
| December 31, 2024 | 990-EZ | $88,093 | $80,827 | $7,266 | $143,000 | – | $143,000 |
| December 31, 2023 | 990-EZ | $100,036 | $99,780 | $256 | $135,734 | – | $135,734 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $73,421
- Investment income
- $15
Expenses
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $58,331
- Program services (functional)
- $57,372
Balance sheet and other
- Total assets, start of year
- $143,000
- Total assets, end of year
- $158,105
- Total liabilities, end of year
- –
- Net assets, end of year
- $158,105
- Cash, savings and investments
- $158,105
- Gross receipts
- $73,436
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NORMAN GUERRA | CHAIRPERSON | 2 | $0 |
| JODI DRENNAN | V.CHAIRPERSON | 2 | $0 |
| KAROLINA FRAZEE | Secretary | 2 | $0 |
| JUDY TUTELA | Treasurer | 2 | $0 |
| MICHAEL O'CONNOR | Trustee | 1 | $0 |
| MICHAEL GUERRA | Trustee | 1 | $0 |
| DAVID DRUMELER | Trustee | 1 | $0 |
990-EZ for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NORMAN GUERRA | CHAIRPERSON | 2 | $0 |
| JODI DRENNAN | V.CHAIRPERSON | 2 | $0 |
| KAROLINA FRAZEE | Secretary | 2 | $0 |
| JUDY TUTELA | Treasurer | 2 | $0 |
| MICHAEL O'CONNOR | Trustee | 1 | $0 |
| MICHAEL GUERRA | Trustee | 1 | $0 |
| DAVID DRUMELER | Trustee | 1 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NORMAN GUERRA | CHAIRPERSON | 2 | $0 |
| JODI DRENNAN | V.CHAIRPERSON | 2 | $0 |
| KAROLINA FRAZEE | Secretary | 2 | $0 |
| JUDY TUTELA | Treasurer | 2 | $0 |
| DENNIS ENRIGHT | Trustee | 1 | $0 |
| MICHAEL GUERRA | Trustee | 1 | $0 |
| DAVID DRUMELER | Trustee | 1 | $0 |
Address and contacts
- Address (IRS master file)
- C/O HCIA 830 BERGEN AVE 9TH FL, JERSEY CITY, NJ 07306-0000
- In care of
- % KURT CHERRY
- Mailing address (990-N for 2009)
- 574 SUMMIT AVE 5TH FLOOR, JERSEY CITY NJ 07306
- Principal officer (990-N for 2009)
- DAVID DRUMELER, 148 HERRON DRIVE, SECAUCUS NJ 07094
- Signed the 990-EZ
- NORMAN GUERRA, CHAIRPERSON
- Phone
- (201) 324-6222
- Return prepared by
- Donohue Gironda & Doria
Mission
TO FOSTER THE DEVELOPMENT IN THE COMMUNITY OF AN APPRECIATION OF THE ARTS, BY PROMOTING AND PRODUCING, AND CAUSING TO BE PRODUCED, ARTIST'S PRODUCTIONS AND ENTERTAINMENTS, AND BY TAKING PART IN ACTIVITIES HAVING THAT END IN VIEW. TO ESTABLISH, EQUIP, MAINTAIN, AND OPERATE ACTIVITIES FOR CITIZENS: TO ENCOURAGE THE ORGANIZATION AND ESTABLISHMENT OF PARKS AND RECREATION OPPORTUNITIES BY MUNICIPAL, COUNTY AND OTHER PUBLIC AUTHORITIES: AND TO STIMULATE THE INTEREST OF THE PUBLIC IN THE EXTENSION OF THE PARK AND RECREATIONAL MOVEMENT; TO RAISE FUNDS FOR THE CONSTRUCTION AND EQUIPPING OF PARKS AND RECREATION FACILITIES TO SUPPLEMENT MUNICIPAL AND COUNTY FACILITIES; AND TO ENCOURAGE THE ACQUISITION AND EXPANSION OF OPEN SPACE THROUGHOUT HUDSON COUNTY. TO WORK TO INPROVE AND REJUVENATE THE ENVIRONMENT AND PUBLIC FACILITIES. TO EXPAND AND ENCOURAGE ECONOMIC OPPORTUNITIES FOR WOMEN, MINORITIES AND THE DISADVANTAGED.
Program accomplishments
- PROGRAM SERVICE ACCOMPLISHMENTS: PUBLIC PARKS - THE ENTITY WAS ORGANIZED TO ESTABLISH, IMPROVE AND REJUVENATE THE ENVIRONMENT AND PUBLIC FACILITIES; TO ESTABLISH, EQUIP, AND MAINTAIN ACTIVITIES FOR THE CITIZENS, INCLUSIVE OF PARKS AND RECREATION FACILITIES THROUGHOUT HUDSON COUNTY. THE ORGANIZATION FACILITATES VARIOUS PROGRAMS INCLUDING EARTH DAY, MOVIES AND MUSIC IN THE PARK,STRIDE & RIDE AND THE FARMERS MARKET.Expenses $57,372
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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 22-2981634
- 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
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $158,105
- Income (IRS master file)
- $73,436
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $73,436 | $58,331 | $158,105 | XML |
| 990-EZ | December 2024 | $88,093 | $80,827 | $143,000 | XML |
| 990-EZ | December 2023 | $100,036 | $99,780 | $135,734 | 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 for 2009 Officer: DAVID DRUMELER | December 31, 2009 | ≤ $50,000 receipts | – | – | e-Postcard |
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 22-2981634).
Questions about THE AREO FUND INC
- What is the EIN of THE AREO FUND INC?
- The employer identification number (EIN) of THE AREO FUND INC is 22-2981634.
- Is THE AREO FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to THE AREO FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE AREO FUND 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 THE AREO FUND INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE AREO FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of THE AREO FUND INC?
- The 990-N for 2009 names DAVID DRUMELER.
- Who are the officers and directors of THE AREO FUND INC?
- The 990-EZ for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does THE AREO FUND INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $73,436, expenses of $58,331 and total assets of $158,105 at year end.
Other nonprofits in JERSEY CITY
- URBAN LEAGUE OF HUDSON COUNTY INC EIN 22-1917127 · last filed 990 for 2025
- STARTING POINTS OF HUDSON COUNTY INC EIN 22-3482355 · last filed 990 for 2026
- WOMENRISING INC EIN 22-1501370 · last filed 990 for 2025
- JERSEY CITY DAY CARE ONE HUNDRED INC EIN 22-1971657 · last filed 990 for 2024
- NEW JERSEY CONSORTIUM FOR IMMIGRANT CHILDREN INC EIN 88-4145074 · last filed 990 for 2025
- NEW LIFE DREAM ACADEMY EIN 32-0416984 · last filed 990 for 2024
- VISITING HOMEMAKER SERVICE OF HUDSON CO EIN 22-6017481 · last filed 990 for 2024
- SHARE A SMILE EIN 30-0221345 · last filed 990 for 2025