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Nonprofit · EIN 81-4373354

GARDEN STATE INITIATIVE INC

Tax-exempt · MORRISTOWN, NJ 07963

Financials

$440K$395K2023$505K$419K2024$867K$473K2025
Revenue Expenses · by fiscal year end
Financials of GARDEN STATE INITIATIVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$867,231$472,679$394,552$729,164$18,603$710,561
December 31, 2024990$504,828$418,693$86,135$329,295$13,583$315,712
December 31, 2023990$439,953$395,443$44,510$249,292$19,715$229,577
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$866,211
Program service revenue
$0
Investment income
$226
Net gain from sales of assets
$207
Other revenue
$794

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$95,000
Other salaries and wages
$7,238
Salaries, compensation and benefits (total)
$110,662
Professional fundraising fees
$0
Legal fees
$6,857
Accounting fees
$19,027
Occupancy
$4,500
Program services (functional)
$349,638
Management and general (functional)
$113,675
Fundraising (functional)
$9,366

Balance sheet and other

Total assets, start of year
$329,295
Total assets, end of year
$729,164
Total liabilities, end of year
$18,603
Net assets, end of year
$710,561
Net assets without donor restrictions
$663,401
Net assets with donor restrictions
$47,160
Gross receipts
$1,068,868
Employees
2
Volunteers
12
Year formed
2016
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.

NameTitleHours / weekCompensation
AUDREY LANEPRESIDENT
Officer
40$95,000
THOMAS HEALEYSECRETARY
Trustee or director, Officer
7$0
DIPAL PATELTREASURER
Trustee or director, Officer
5$0
LAWRENCE MONEBOARD MEMBER
Trustee or director
5$0
ROBERT HUGINBOARD MEMBER
Trustee or director
7$0
SAMUEL COLEBOARD MEMBER
Trustee or director
5$0
FRAYDA LEVINBOARD MEMBER
Trustee or director
5$0
REGINA EGEACHAIRMAN
Officer
20$0
990 for the year ended December 31, 2024: 8 people
NameTitleHours / weekCompensation
AUDREY LANEPRESIDENT
Officer
40$63,333
THOMAS HEALEYSECRETARY
Trustee or director, Officer
5$0
DIPAL PATELTREASURER
Trustee or director, Officer
5$0
LAWRENCE MONEBOARD MEMBER
Trustee or director
5$0
ROBERT HUGINBOARD MEMBER
Trustee or director
5$0
SAMUEL COLEBOARD MEMBER
Trustee or director
5$0
FRAYDA LEVINBOARD MEMBER
Trustee or director
5$0
REGINA EGEACHAIRMAN
Officer
40$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
WILLIAM J SMITHDIR. OF COMM. & MEDIA RELA
Officer
40$92,026
THOMAS HEALEYSECRETARY
Trustee or director, Officer
5$0
DIPAL PATELTREASURER
Trustee or director, Officer
5$0
LAWRENCE MONEBOARD MEMBER
Trustee or director
5$0
ROBERT HUGINBOARD MEMBER
Trustee or director
5$0
SAMUEL COLEBOARD MEMBER
Trustee or director
5$0
FRAYDA LEVINBOARD MEMBER
Trustee or director
5$0
REGINA EGEAPRESIDENT
Officer
40$0

Address and contacts

Address (IRS master file)
PO BOX 9180, MORRISTOWN, NJ 07963-9180
In care of
% REGINA EQEA
Mailing address (990-N for 2016)
116 Village Boulevard Suite 200, Princeton NJ 08540
Principal officer (990 for 2025)
AUDREY LANE, PO BOX 9180, MORRISTOWN, NJ 07963
Principal officer (990-N for 2016)
Carl Helstrom, 116 Village Boulevard Suite 200, Princeton NJ 08540
Signed the 990
AUDREY LANE, PRESIDENT
Phone
(862) 345-7275
Return prepared by
NISIVOCCIA LLP

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO STRENGTHEN NEW JERSEY BY PROVIDING AN ALTERNATIVE VOICE AND COMMON-SENSE POLICY SOLUTIONS IN THE STATE, SOLUTIONS THAT PROMOTE NEW INVESTMENT, THE GROWTH OF BUSINESSES, THE CREATION OF ECONOMIC OPPORTUNITIES AND INNOVATION TO THE BENEFIT OF ALL NEW JERSEYANS.

990 for the year ended December 31, 2025

Program accomplishments

  • PROMOTE JOB GROWTH THROUGH RESEARCH AND FACT-BASED POLICY ANALYSIS THAT PROMOTES IN NEW JERSEY: TAX REFORM, REDUCING UNAFFORDABLE STATE GOVERNMENT SPENDING AND INFRASTTRUCTURE INVESTMENTS THAT DRIVE AND DELIVER ECONOMIC GROWTH.
    Expenses $349,638

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
81-4373354
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
2017
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$729,164
Income (IRS master file)
$1,068,868

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$867,231$472,679$729,164XML
990December 2024$504,828$418,693$329,295XML
990December 2023$439,953$395,443$249,292XML
990December 2022$532,960$547,138$213,131IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990-N for 2016
Officer: Carl Helstrom
December 31, 2016≤ $50,000 receipts––e-Postcard

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 81-4373354).

Questions about GARDEN STATE INITIATIVE INC

What is the EIN of GARDEN STATE INITIATIVE INC?
The employer identification number (EIN) of GARDEN STATE INITIATIVE INC is 81-4373354.
Is GARDEN STATE INITIATIVE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
Are donations to GARDEN STATE INITIATIVE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GARDEN STATE INITIATIVE 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 GARDEN STATE INITIATIVE INC 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 GARDEN STATE INITIATIVE INC 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 GARDEN STATE INITIATIVE INC?
The 990 for the year ended December 31, 2025 names AUDREY LANE.
Who are the officers and directors of GARDEN STATE INITIATIVE INC?
The 990 for the year ended December 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $95,000 (AUDREY LANE, PRESIDENT).
How much revenue does GARDEN STATE INITIATIVE INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $867,231, expenses of $472,679 and total assets of $729,164 at year end.

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