Nonprofit · EIN 45-2594112
MAXWELL PLACE WATERFRONT PARK CORPORATION INC
Tax-exempt · HOBOKEN, NJ 07030
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $600,894 | $204,662 | $396,232 | $2,664,232 | $36,612 | $2,627,620 |
| December 31, 2023 | 990 | $560,933 | $209,940 | $350,993 | $2,271,826 | $40,438 | $2,231,388 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $504,074
- Investment income
- $95,870
- Other revenue
- $950
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $44,286
- Salaries, compensation and benefits (total)
- $44,286
- Professional fundraising fees
- $0
- Accounting fees
- $9,900
- Program services (functional)
- $170,036
- Management and general (functional)
- $34,626
Balance sheet and other
- Total assets, start of year
- $2,271,826
- Total assets, end of year
- $2,664,232
- Total liabilities, end of year
- $36,612
- Net assets, end of year
- $2,627,620
- Net assets without donor restrictions
- $2,627,620
- Gross receipts
- $600,894
- Employees
- 0
- Year formed
- 2011
- 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 |
|---|---|---|---|
| CARL SULLO | TRUSTEE Trustee or director | 0 | $0 |
| EMILY JABBOUR | TRUSTEE Trustee or director | 0 | $0 |
| CATHLEEN WOLF | TRUSTEE Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEO PELLEGRINI | TRUSTEE Trustee or director | 0 | $0 |
| EMILY JABBOUR | TRUSTEE Trustee or director | 0 | $0 |
| FRED SCHMIDT | TRUSTEE Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1100 MAXWELL LANE, HOBOKEN, NJ 07030-6882
- In care of
- % PATRICK KRETZ
- Principal officer (990 for 2024)
- LEO PELLEGRINI, 1100 MAXWELL LANE, HOBOKEN, NJ 07030
- Signed the 990
- CATHLEEN WOLF, TRUSTEE
- Phone
- (201) 656-8323
- Return prepared by
- WILKIN & GUTTENPLAN PC
Mission
MAXWELL PLACE WATERFRONT PARK CORPORATION, INC. IS A PUBLIC NATURAL PARK LOCATED IN AND OWNED BY THE CITY OF HOBOKEN, NJ THAT CONSISTS OF 3.5 ACRES OF WATERFRONT LAND AND 10 ACRES OF WATER. THE PARK IS OPEN TO THE PUBLIC AND ALLOWS FOR AN URBAN COMMUNITY TO ENJOY THE OUTDOORS. THE PARK HAS MANY RESOURCES THAT INCLUDE A RIVERFRONT WALKWAY, A 500 FOOT FISHING PIER, A BOAT LAUNCH, PLAYING FIELDS, TWO CHILDREN'S PLAYGROUNDS AND A DOG RUN. THE PARK ALSO FEATURES A NATURAL SAND BEACH AND A RE-CREATION OF THE 1865 NEW YORK YACHT CLUB BOATHOUSE, THE FIRST YACHT BOATHOUSE IN THE UNITED STATES. IN ADDITION TO BEING OPEN TO THE PUBLIC, THE PARK ALLOWS FOR PUBLIC ACCESS TO THE HUDSON RIVER. THIS ORGANIZATION'S MISSION IS TO PERFORM ALL SERVICES NECESSARY FOR MAINTENANCE, REPLACEMENT AND IMPROVEMENT OF PARK FACILITIES.
Program accomplishments
- PARK OPERATIONS-SEE RESPONSE TO PART III, QUESTION 1, ON SCHEDULE OExpenses $170,036 · revenue $504,074
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
- 45-2594112
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N32)
- Assets (IRS master file)
- $2,664,232
- Income (IRS master file)
- $600,894
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $600,894 | $204,662 | $2,664,232 | XML |
| 990 | December 2023 | $560,933 | $209,940 | $2,271,826 | XML |
| 990 | December 2022 | $481,634 | $322,149 | $1,909,060 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 45-2594112).
Questions about MAXWELL PLACE WATERFRONT PARK CORPORATION INC
- What is the EIN of MAXWELL PLACE WATERFRONT PARK CORPORATION INC?
- The employer identification number (EIN) of MAXWELL PLACE WATERFRONT PARK CORPORATION INC is 45-2594112.
- Is MAXWELL PLACE WATERFRONT PARK CORPORATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2013.
- Are donations to MAXWELL PLACE WATERFRONT PARK CORPORATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MAXWELL PLACE WATERFRONT PARK CORPORATION 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 MAXWELL PLACE WATERFRONT PARK CORPORATION 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 MAXWELL PLACE WATERFRONT PARK CORPORATION 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 MAXWELL PLACE WATERFRONT PARK CORPORATION INC?
- The 990 for the year ended December 31, 2024 names LEO PELLEGRINI.
- Who are the officers and directors of MAXWELL PLACE WATERFRONT PARK CORPORATION INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does MAXWELL PLACE WATERFRONT PARK CORPORATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $600,894, expenses of $204,662 and total assets of $2,664,232 at year end.
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