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Nonprofit · EIN 32-0145183

CARTERET BUSINESS PARTNERSHIP INC

Tax-exempt · CARTERET, NJ 07008

Financials

$6.5M$6.2M2022$9.5M$8.3M2023$8.8M$8.2M2024
Revenue Expenses · by fiscal year end
Financials of CARTERET BUSINESS PARTNERSHIP INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$8,759,525$8,203,422$556,103$17,448,151$607,834$16,840,317
December 31, 2023990 (amended)$9,459,005$8,297,455$1,161,550$16,921,980$637,766$16,284,214
December 31, 2022990 (amended)$6,502,399$6,229,305$273,094$17,345,092$2,222,428$15,122,664
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$5,023,750
of which government grants
$4,523,750
Program service revenue
$3,297,527
Investment income
$227,743
Other revenue
$210,505

Expenses

Grants and similar amounts paid
$241,988
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$76,229
Accounting fees
$76,229
Travel
$2,815
Depreciation
$11,952
Program services (functional)
$6,574,933
Management and general (functional)
$1,628,489

Balance sheet and other

Total assets, start of year
$16,921,980
Total assets, end of year
$17,448,151
Total liabilities, end of year
$607,834
Net assets, end of year
$16,840,317
Land, buildings and equipment
$12,236,334
Net assets without donor restrictions
$5,850,003
Net assets with donor restrictions
$10,990,314
Gross receipts
$8,759,525
Employees
113
Volunteers
0
Year formed
2005
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
MARK HRUSKAEXECUTIVE DIRECTOR
Trustee or director
12.5$50,000
DANIEL J REIMANCHAIRMAN
Trustee or director, Officer
5$0
HANK DORSIVICE CHAIRMAN
Trustee or director, Officer
1$0
JOSEPH WUTKOWSKITREASURER
Trustee or director, Officer
1$0
PETER VISCEGLIAMEMBER
Trustee or director
1$0
AJ JOHALMEMBER
Trustee or director
1$0
MICHAEL SICAMEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
MARK HRUSKAEXECUTIVE DIRECTOR
Trustee or director
12.5$45,000
DANIEL J REIMANCHAIRMAN
Trustee or director, Officer
5$0
HANK DORSIVICE CHAIRMAN
Trustee or director, Officer
1$0
JOSEPH WUTKOWSKITREASURER
Trustee or director, Officer
1$0
PETER VISCEGLIAMEMBER
Trustee or director
1$0
AJ JOHALMEMBER
Trustee or director
1$0
MICHAEL SICAMEMBER
Trustee or director
1$0
990 for the year ended December 31, 2022: 7 people
NameTitleHours / weekCompensation
MARK HRUSKAEXECUTIVE DIRECTOR
Trustee or director
12.5$43,004
DANIEL J REIMANCHAIRMAN
Trustee or director
5$0
HANK DORSIVICE CHAIRMAN
Trustee or director
1$0
JOSEPH WUTKOWSKITREASURER
Trustee or director
1$0
PETER VISCEGLIAMEMBER
Trustee or director
1$0
AJ JOHALMEMBER
Trustee or director
1$0
MICHAEL SICAMEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
61 COOKE AVE, CARTERET, NJ 07008-3046
In care of
% SID BUSINESS PARTNERSHIP
Principal officer (990 for 2024)
MARK HRUSKA, 61 COOKE AVE, CARTERET, NJ 07008
Signed the 990
MARK HRUSKA, EXECUTIVE DIRECTOR
Phone
(732) 541-3835
Return prepared by
HOLMAN FRENIA ALLISON PC

Mission

ASSIST THE BOROUGH OF CARTERET, COUNTY OF MIDDLESEX, NJ IN ECONOMIC DEVELOPMENT, PROMOTING BUSINESS GROWTH & DEVELOPMENT AND FOSTER GOODWILL BETWEEN THE BUSINESS COMMUNITY AND THE GENERAL PUBLIC.

990 for the year ended December 31, 2024

Program accomplishments

  • ASSIST IN ECONOMIC DEVELOPMENT, INFRASTRUCTURE & CAPITAL IMPROVEMENTS, BUSINESS GROWTH & DEVELOPMENT, COMMUNITY SUPPORT AND SERVICE.
    Expenses $6,574,933 · grants $241,988 · revenue $3,508,032

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
32-0145183
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
2008
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$17,448,151
Income (IRS master file)
$8,759,525

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$8,759,525$8,203,422$17,448,151IRS
990December 2023$9,459,005$8,297,455$16,921,980XML
990December 2022$6,502,399$6,229,305$17,345,092IRS
990December 2021–––IRS
990December 2020–––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 32-0145183).

Questions about CARTERET BUSINESS PARTNERSHIP INC

What is the EIN of CARTERET BUSINESS PARTNERSHIP INC?
The employer identification number (EIN) of CARTERET BUSINESS PARTNERSHIP INC is 32-0145183.
Is CARTERET BUSINESS PARTNERSHIP INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
Are donations to CARTERET BUSINESS PARTNERSHIP INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CARTERET BUSINESS PARTNERSHIP 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 CARTERET BUSINESS PARTNERSHIP 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 CARTERET BUSINESS PARTNERSHIP 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 CARTERET BUSINESS PARTNERSHIP INC?
The 990 for the year ended December 31, 2024 names MARK HRUSKA.
Who are the officers and directors of CARTERET BUSINESS PARTNERSHIP INC?
The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $50,000 (MARK HRUSKA, EXECUTIVE DIRECTOR).
How much revenue does CARTERET BUSINESS PARTNERSHIP INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $8,759,525, expenses of $8,203,422 and total assets of $17,448,151 at year end.

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