Nonprofit · EIN 26-1243759
SPRING LAKE BUSINESS DEVELOPMENT CORPORATION
Tax-exempt · SPRING LAKE, NJ 07762
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $164,699 | $159,542 | $5,157 | $38,515 | $8,849 | $29,666 |
| December 31, 2024 | 990 | $159,686 | $166,210 | -$6,524 | $33,467 | $8,506 | $24,961 |
| December 31, 2023 | 990 | $157,884 | $139,762 | $18,122 | $39,330 | $7,845 | $31,485 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $45,000
- of which government grants
- $45,000
- Program service revenue
- $119,216
- Investment income
- $29
- Other revenue
- $454
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $69,622
- Salaries, compensation and benefits (total)
- $92,418
- Professional fundraising fees
- $0
- Accounting fees
- $4,513
- Occupancy
- $5,000
- Program services (functional)
- $73,753
- Management and general (functional)
- $85,789
Balance sheet and other
- Total assets, start of year
- $33,467
- Total assets, end of year
- $38,515
- Total liabilities, end of year
- $8,849
- Net assets, end of year
- $29,666
- Net assets without donor restrictions
- $29,666
- Gross receipts
- $164,699
- Employees
- 2
- Year formed
- 2007
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WALTER BRACERO | DIRECTOR Trustee or director | – | $0 |
| JEANNE CAMELI | DIRECTOR Trustee or director | – | $0 |
| RICHARD CLAYTON | CHAIRMAN Trustee or director | – | $0 |
| MARK DOLAN | DIRECTOR Trustee or director | – | $0 |
| ELLA FISCHER | DIRECTOR Trustee or director | – | $0 |
| COLLEEN HARRINGTON | DIRECTOR Trustee or director | – | $0 |
| KELLIE JOHNSON | DIRECTOR Trustee or director | – | $0 |
| SUE MATTIA | DIRECTOR Trustee or director | – | $0 |
| KATHLEEN MCDONOUGH | DIRECTOR Trustee or director | – | $0 |
| PAUL MURPHY | DIRECTOR Trustee or director | – | $0 |
| CAROL PATTERSON | DIRECTOR Trustee or director | – | $0 |
| BRADLEY RODRIGUEZ | DIRECTOR Trustee or director | – | $0 |
| MOYA RUSH | DIRECTOR Trustee or director | – | $0 |
| PETER SAKLAS | DIRECTOR Trustee or director | – | $0 |
| ROBERT WHILTE | DIRECTOR Trustee or director | – | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEANNE CAMELI | SECRETARY Officer | – | $0 |
| HELLIN DESIDERIO | ASSISTANT SE Officer | – | $0 |
| ANITA KRUSE | ASSISTANT TR Officer | – | $0 |
| PRISCILLA REILLY | TREASURER Officer | – | $0 |
| SYD WHALLEY | VICE CHAIRMA Officer | – | $0 |
990 for the year ended December 31, 2024: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD CLAYTON | CHAIRMAN Trustee or director | – | $0 |
| WALTER BRACERO | DIRECTOR Officer | – | $0 |
| JEANNE CAMELI | SECRETARY Officer | – | $0 |
| HELLIN DESIDERIO | ASSISTANT SE Officer | – | $0 |
| MARK DOLAN | DIRECTOR Officer | – | $0 |
| ELLA FISCHER | DIRECTOR Officer | – | $0 |
| COLLEEN HARRINGTON | DIRECTOR Officer | – | $0 |
| NATALIE IWANYK | DIRECTOR Officer | – | $0 |
| KELLIE JOHNSON | DIRECTOR Officer | – | $0 |
| ANITA KRUSE | ASSISTANT TR Officer | – | $0 |
| MAGGIE LUZZI | DIRECTOR Officer | 0 | $0 |
| SUE MATTIA | DIRECTOR Officer | – | $0 |
| KATHLEEN MCDONOUGH | DIRECTOR Officer | – | $0 |
| PAUL MURPHY | DIRECTOR Officer | – | $0 |
| CAROL PATTERSON | DIRECTOR Officer | – | $0 |
| PRISCILLA REILLY | TREASURER Officer | – | $0 |
| BRADLEY RODRIGUEZ | DIRECTOR Officer | – | $0 |
| MOYA RUSH | DIRECTOR Officer | – | $0 |
| PETER SAKLAS | DIRECTOR Officer | – | $0 |
| SYD WHALLEY | VICE CHAIRMA Officer | – | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD CLAYTON | CHAIRMAN Trustee or director | – | $0 |
| WALTER BRACERO | DIRECTOR Officer | – | $0 |
| JEANNE CAMELI | SECRETARY Officer | – | $0 |
| HELLIN DESIDERIO | ASSISTANT SE Officer | – | $0 |
| MARK DOLAN | DIRECTOR Officer | – | $0 |
| ELLA FISCHER | DIRECTOR Officer | – | $0 |
| COLLEEN HARRINGTON | DIRECTOR Officer | – | $0 |
| NATALIE IWANYK | DIRECTOR Officer | – | $0 |
| KELLIE JOHNSON | DIRECTOR Officer | – | $0 |
| ANITA KRUSE | ASSISTANT TR Officer | – | $0 |
| SUE MATTIA | DIRECTOR Officer | – | $0 |
| KATHLEEN MCDONOUGH | DIRECTOR Officer | – | $0 |
| PAUL MURPHY | DIRECTOR Officer | – | $0 |
| BARRY O'BRIEN | DIRECTOR Officer | – | $0 |
| CAROL PATTERSON | DIRECTOR Officer | – | $0 |
| PRISCILLA REILLY | TREASURER Officer | – | $0 |
| BRADLEY RODRIGUEZ | DIRECTOR Officer | – | $0 |
| MOYA RUSH | DIRECTOR Officer | – | $0 |
| PETER SAKLAS | DIRECTOR Officer | – | $0 |
| SYD WHALLEY | VICE CHAIRMA Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 1207 3RD AVE, SPRING LAKE, NJ 07762-1330
- In care of
- % SPRING LAKE BID
- Principal officer (990 for 2025)
- RICHARD CLAYTON, 1207 3RD AVE, SPRING LAKE, NJ 07762
- Signed the 990
- RICHARD CLAYTON, CHAIRMAN
- Phone
- (732) 449-0037
- Website
- HTTP://VISITSPRINGLAKE.COM
- Return prepared by
- HULIT CPA LLC
Mission
TO ENHANCE THE ECONOMIC VIABILITY OF THE SPRING LAKE DOWNTOWN BUSINESS COMMUNITY AND BOROUGH OF SPRING LAKE THROUGH MARKETING, PUBLIC RELATIONS AND BUSINESS DEVELOPMENT.
Program accomplishments
- THE ORGANIZATION PERFORMS MARKETING, PUBLIC RELATIONS, BUSINESS DEVELOPMENT, AREA DESIGN AND MAINTENANCE, HOLIDAY DECORATIONS, AND EVENTS FOR THE BOROUGH OF SPRING LAKE.Expenses $73,753
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 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
- 26-1243759
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S22)
- Assets (IRS master file)
- $38,515
- Income (IRS master file)
- $164,699
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $164,699 | $159,542 | $38,515 | XML |
| 990 | December 2024 | $159,686 | $166,210 | $33,467 | XML |
| 990 | December 2023 | $157,884 | $139,762 | $39,330 | XML |
| 990 | December 2022 | $117,324 | $141,180 | $29,228 | 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 26-1243759).
Questions about SPRING LAKE BUSINESS DEVELOPMENT CORPORATION
- What is the EIN of SPRING LAKE BUSINESS DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of SPRING LAKE BUSINESS DEVELOPMENT CORPORATION is 26-1243759.
- Is SPRING LAKE BUSINESS DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2009.
- Are donations to SPRING LAKE BUSINESS DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SPRING LAKE BUSINESS DEVELOPMENT CORPORATION 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 SPRING LAKE BUSINESS DEVELOPMENT CORPORATION 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 SPRING LAKE BUSINESS DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SPRING LAKE BUSINESS DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names RICHARD CLAYTON.
- Who are the officers and directors of SPRING LAKE BUSINESS DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 20 people; 0 received compensation from the organization.
- How much revenue does SPRING LAKE BUSINESS DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $164,699, expenses of $159,542 and total assets of $38,515 at year end.
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