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Nonprofit · EIN 22-3523842

MARGATE BUSINESS ASSOCIATION INC

Tax-exempt · MARGATE CITY, NJ 08402

Financials

$318K$325K2023$367K$359K2024
Revenue Expenses · by fiscal year end
Financials of MARGATE BUSINESS ASSOCIATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$367,350$359,371$7,979$180,048$0$180,048
December 31, 2023990$318,498$324,967-$6,469$163,379$0$163,379
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$196,304
of which government grants
$152,100
Membership dues
$32,718
Program service revenue
$169,138
Investment income
$2,481
Net gain from sales of assets
-$168
Net income from fundraising events
-$6,894
Other revenue
-$573

Expenses

Grants and similar amounts paid
$14,928
Compensation of officers, directors and key employees
$76,667
Other salaries and wages
$30,800
Salaries, compensation and benefits (total)
$116,460
Professional fundraising fees
$0
Accounting fees
$9,923
Travel
$2,780
Program services (functional)
$215,640
Management and general (functional)
$140,206
Fundraising (functional)
$3,525

Balance sheet and other

Total assets, start of year
$163,379
Total assets, end of year
$180,048
Total liabilities, end of year
$0
Net assets, end of year
$180,048
Publicly traded securities
$65,344
Net assets without donor restrictions
$180,048
Gross receipts
$379,188
Employees
3
Volunteers
0
Year formed
1997
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.

NameTitleHours / weekCompensation
ANNA MARIA BLESCIA-COURTEREXECUTIVE DIRECTOR
Officer
50$76,667
ED BERGERPRESIDENT
Trustee or director, Officer
15$0
KAREN SHERMANVICE PRESIDENT
Trustee or director, Officer
1$0
RANDY YOUNGSECRETARY
Trustee or director, Officer
1$0
NANCY LYNCHTREASURER
Trustee or director, Officer
1$0
COOKIE TILLTRUSTEE
Trustee or director
1$0
CHRISSY TRACYTRUSTEE
Trustee or director
1$0
MARIA DE PHILLIPOTRUSTEE
Trustee or director
1$0
TIM WAINWRIGHTTRUSTEE
Trustee or director
1$0
DR JOSEPH BERRETONE DMDTRUSTEE
Trustee or director
1$0
PAULA HARTMANTRUSTEE
Trustee or director
1$0
REV JIM RIXONTRUSTEE
Trustee or director
1$0
MICHAEL COLLINSTRUSTEE
Trustee or director
1$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensation
ANNA MARIA BLESCIA-COURTEREXECUTIVE DIRECTOR
Trustee or director, Officer
50$75,000
ED BERGERPRESIDENT
Trustee or director, Officer
15$0
KAREN SHERMANVICE PRESIDENT
Trustee or director, Officer
1$0
RANDY YOUNGSECRETARY
Trustee or director, Officer
1$0
NANCY LYNCHTREASURER
Trustee or director, Officer
1$0
COOKIE TILLTRUSTEE
Trustee or director
1$0
CHRISSY TRACYTRUSTEE
Trustee or director
1$0
MARIA DE PHILLIPOTRUSTEE
Trustee or director
1$0
TIM WAINWRIGHTTRUSTEE
Trustee or director
1$0
DR JOSEPH BERRETONE DMDTRUSTEE
Trustee or director
1$0
PAULA HARTMANTRUSTEE
Trustee or director
1$0
REV JIM RIXONTRUSTEE
Trustee or director
1$0
MICHAEL COLLINSTRUSTEE
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 3200, MARGATE CITY, NJ 08402-0200
In care of
% ED BERGER
Principal officer (990 for 2024)
ED BERGER, PO BOX 3200, MARGATE CITY, NJ 08402
Signed the 990
ED BERGER, PRESIDENT
Phone
(609) 822-1129
Return prepared by
CAPALDI REYNOLDS & PELOSI PA

Mission

TO PROMOTE THE ECONOMIC AND PHYSICAL REVITALIZATION AND WELFARE OF THE BUSINESSES AND BAY DISTRICT OF MARGATE INCLUDING THE ADVANCEMENT OF THE MARGATE COMMUNITY THROUGH LOCAL SCHOLARSHIPS, EVENTS TO PROMOTE FAMILY ACTIVITIES AND PROVIDING ASSISTANCE TO LOCAL GOVERNMENTS AND ORGANIZATIONS SITUATED IN THE CITY OF MARGATE, COUNTY OF ATLANTIC AND STATE OF NEW JERSEY.

990 for the year ended December 31, 2024

Program accomplishments

  • MARGATE FALL FUNFEST,THRILLING THURSDAYS, BEACHSTOCK, AND OTHER RECREATIONAL EVENTS TO ATTRACT TOURISTS TO MARGATE CITY BAY DISTRICT AND FOR THE BENEFIT OF MARGATE BUSINESS ASSOCIATION, DANIEL AND MARIA WALTERS SCHOLASHIP FOUNDATION, THE MBA CHILDREN'S SCHOLARSHIP FUND AND THE GILDA'S CLUB OF SOUTH JERSEY.
    Expenses $209,692 · grants $14,928 · revenue $122,984
  • MARGATE MAP & CALENDAR - MARGATE BUSINESS ASSOCIATION PRODUCES THE MARGATE MAP AND MARGATE CITY CALENDAR TO PROMOTE AND ADVERTISE LOCAL BUSINESSES AND PROVIDE A BETTER EXPERIENCE FOR TOURISTS AND VISITORS.
    Expenses $5,948 · revenue $52,475

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
22-3523842
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
1998
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Employment (J20Z)
Assets (IRS master file)
$180,048
Income (IRS master file)
$379,188

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$367,350$359,371$180,048XML
990December 2023$318,498$324,967$163,379XML
990December 2022$299,579$330,220$164,932IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 22-3523842).

Questions about MARGATE BUSINESS ASSOCIATION INC

What is the EIN of MARGATE BUSINESS ASSOCIATION INC?
The employer identification number (EIN) of MARGATE BUSINESS ASSOCIATION INC is 22-3523842.
Is MARGATE BUSINESS ASSOCIATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to MARGATE BUSINESS ASSOCIATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MARGATE BUSINESS ASSOCIATION 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 MARGATE BUSINESS ASSOCIATION 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 MARGATE BUSINESS ASSOCIATION 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 MARGATE BUSINESS ASSOCIATION INC?
The 990 for the year ended December 31, 2024 names ED BERGER.
Who are the officers and directors of MARGATE BUSINESS ASSOCIATION INC?
The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $76,667 (ANNA MARIA BLESCIA-COURTER, EXECUTIVE DIRECTOR).
How much revenue does MARGATE BUSINESS ASSOCIATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $367,350, expenses of $359,371 and total assets of $180,048 at year end.

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