Nonprofit · EIN 85-3632391
NEWARK 40 ACRES AND A MULE FUND
Tax-exempt · NEWARK, NJ 07102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $81,918 | $72,201 | $9,717 | $1,986,246 | $21,788 | $1,964,458 |
| December 31, 2024 | 990 | $94,976 | $115,134 | -$20,158 | $1,986,888 | $32,148 | $1,954,740 |
| December 31, 2023 | 990 | $168,660 | $172,820 | -$4,160 | $1,979,460 | $4,563 | $1,974,897 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $81,918
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $575
- Accounting fees
- $3,300
- Program services (functional)
- $72,201
Balance sheet and other
- Total assets, start of year
- $1,986,888
- Total assets, end of year
- $1,986,246
- Total liabilities, end of year
- $21,788
- Net assets, end of year
- $1,964,458
- Gross receipts
- $81,918
- Employees
- 0
- 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 |
|---|---|---|---|
| MARCUS RANDOLPH | DIRECTOR Trustee or director | 5 | $0 |
| JERERI EDWARDS | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARCUS RANDOLPH | DIRECTOR Trustee or director | 5 | $0 |
| JERERI EDWARDS | DIRECTOR Trustee or director | 5 | $0 |
| MARIE MASCHERIN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARCUS RANDOLPH | DIRECTOR Trustee or director | 5 | $0 |
| JERERI EDWARDS | DIRECTOR Trustee or director | 5 | $0 |
| MARIE MASCHERIN | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 111 MULBERRY STREET LOWER LEVEL, NEWARK, NJ 07102-4008
- In care of
- % MARCUS RANDOLPH
- Principal officer (990 for 2025)
- MARCUS RANDOLPH, 111 MULBERRY STREET LOWER LEVEL, NEWARK, NJ 07102
- Signed the 990
- MARCUS RANDOLPH, OFFICER
- Phone
- (973) 273-1040
- Return prepared by
- COOMBS CPA PC
Mission
THIS ORGANIZATIONS PURPOSE IS TO HELP LOW INCOME INDIVIDUALS OBTAIN HOME OWNERSHIP. IN ADDITION TO PROMOTING HOMEOWNERSHIP, THE FAM FUND PROVIDES LOANS TO AND INVESTS CAPITAL IN SMALL AND EMERGING BUSINESSES.
Program accomplishments
- THIS ORGANIZATION IS MEANT TO PROMOTE HOME OWNERSHIP. THE FAM FUND ALSO PROVIDES LOANS TO AND INVESTS CAPITAL IN SMALL AND EMERGING BUSINESSES.Expenses $72,201
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
- 85-3632391
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $1,986,888
- Income (IRS master file)
- $94,976
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $81,918 | $72,201 | $1,986,246 | XML |
| 990 | December 2024 | $94,976 | $115,134 | $1,986,888 | XML |
| 990 | December 2023 | $168,660 | $172,820 | $1,979,460 | XML |
| 990 | December 2022 | $2,115,000 | $135,943 | $2,099,057 | 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 85-3632391).
Questions about NEWARK 40 ACRES AND A MULE FUND
- What is the EIN of NEWARK 40 ACRES AND A MULE FUND?
- The employer identification number (EIN) of NEWARK 40 ACRES AND A MULE FUND is 85-3632391.
- Is NEWARK 40 ACRES AND A MULE FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to NEWARK 40 ACRES AND A MULE FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEWARK 40 ACRES AND A MULE FUND 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 NEWARK 40 ACRES AND A MULE FUND 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 NEWARK 40 ACRES AND A MULE FUND 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 NEWARK 40 ACRES AND A MULE FUND?
- The 990 for the year ended December 31, 2025 names MARCUS RANDOLPH.
- Who are the officers and directors of NEWARK 40 ACRES AND A MULE FUND?
- The 990 for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does NEWARK 40 ACRES AND A MULE FUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $81,918, expenses of $72,201 and total assets of $1,986,246 at year end.
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