Nonprofit · EIN 22-3629078
SOMERSET COUNTY BUSINESS PARTNERSHIP FOUNDATION
Tax-exempt · SOMERVILLE, NJ 08876
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $762,625 | $863,748 | -$101,123 | $179,299 | $526,776 | -$347,477 |
| December 31, 2023 | 990 | $920,296 | $917,612 | $2,684 | $61,613 | $307,967 | -$246,354 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $523,000
- of which government grants
- $265,000
- Program service revenue
- $232,125
- Investment income
- $0
- Other revenue
- $7,500
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $145,000
- Other salaries and wages
- $67,904
- Salaries, compensation and benefits (total)
- $267,625
- Professional fundraising fees
- $0
- Occupancy
- $78,326
- Depreciation
- $199
- Program services (functional)
- $561,105
- Management and general (functional)
- $302,643
Balance sheet and other
- Total assets, start of year
- $61,613
- Total assets, end of year
- $179,299
- Total liabilities, end of year
- $526,776
- Net assets, end of year
- -$347,477
- Land, buildings and equipment
- $1,791
- Net assets without donor restrictions
- -$347,477
- Gross receipts
- $762,625
- Employees
- 0
- Volunteers
- 35
- Year formed
- 2002
- 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 | From related orgs |
|---|---|---|---|---|
| Chris Edwards | President & CEO Officer | 15 | $0 | $145,000 |
| Edward Dolan | Chairperson Trustee or director, Officer | 2 | $0 | $0 |
| Chris Zarelli | Vice Chairperson Trustee or director, Officer | 2 | $0 | $0 |
| Audris Francis | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Tom Elliott | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Catherine Rickner | Immediate Past Chairperson Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Chris Edwards | President & CEO Officer | 15 | $0 | $140,675 |
| Edward Dolan | Chairperson Trustee or director, Officer | 2 | $0 | $0 |
| Chris Zarelli | Vice Chairperson Trustee or director, Officer | 2 | $0 | $0 |
| Audris Francis | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Tom Elliott | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Catherine Rickner | Immediate Past Chairperson Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 50 DIVISION STREET, SOMERVILLE, NJ 08876-2943
- In care of
- % ROBERT JOHNSON
- Principal officer (990 for 2024)
- Chris Edwards, 50 Division St, Somerville, NJ 08876
- Signed the 990
- Chris Edwards, PRESIDENT AND CEO
- Phone
- (908) 218-4300
- Website
- WWW.SCBP.ORG
- Return prepared by
- Suplee Clooney and Company
Mission
The mission of the Somerset County Business Partnership is to create vibrant connections among our public/private partners, members and business community that will enable us to build a prosperous and sustainable future.
Program accomplishments
- The Somerset County Business Partnership provides our members and the business community with a wide range of business resources including networking,educational events and educational services. Our top three program areas are member services, tourism and ecomomic development.Expenses $561,105 · revenue $232,125
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
- 22-3629078
- 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
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $179,299
- Income (IRS master file)
- $762,625
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $762,625 | $863,748 | $179,299 | XML |
| 990 | December 2023 | $920,296 | $917,612 | $61,613 | XML |
| 990 | December 2022 | $959,404 | $1,084,871 | $54,044 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 22-3629078).
Questions about SOMERSET COUNTY BUSINESS PARTNERSHIP FOUNDATION
- What is the EIN of SOMERSET COUNTY BUSINESS PARTNERSHIP FOUNDATION?
- The employer identification number (EIN) of SOMERSET COUNTY BUSINESS PARTNERSHIP FOUNDATION is 22-3629078.
- Is SOMERSET COUNTY BUSINESS PARTNERSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to SOMERSET COUNTY BUSINESS PARTNERSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOMERSET COUNTY BUSINESS PARTNERSHIP FOUNDATION 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 SOMERSET COUNTY BUSINESS PARTNERSHIP FOUNDATION 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 SOMERSET COUNTY BUSINESS PARTNERSHIP FOUNDATION 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 SOMERSET COUNTY BUSINESS PARTNERSHIP FOUNDATION?
- The 990 for the year ended December 31, 2024 names Chris Edwards.
- Who are the officers and directors of SOMERSET COUNTY BUSINESS PARTNERSHIP FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does SOMERSET COUNTY BUSINESS PARTNERSHIP FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $762,625, expenses of $863,748 and total assets of $179,299 at year end.
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- PBA LOCAL 337 CIVIC ASSOCIATION INC EIN 41-2487441 · last filed 990-N for 2025
- SOMERSET COUNTY OFFICERS ASSOCIATION 39 INC EIN 83-2371397 · last filed 990-N for 2025
- RARITAN VALLEY COMMUNITY COLLEGE DIR OF BUDGET & FINANCE OFFICE EIN 22-1815636 · last filed 990 for 2025
- SOMERSET VALLEY VISITING NURSE ASSOCIATION INC EIN 22-1487351 · last filed 990 for 2024
- LEGAL SERVICES OF NORTH WEST JERSEY EIN 22-2092489 · last filed 990 for 2024
All nonprofits in SOMERVILLE · New Jersey · Community improvement and capacity building