Nonprofit · EIN 86-3503437
TWO RIVER TIMES FOUNDATION
Tax-exempt · RED BANK, NJ 07701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,320,256 | $372,978 | $947,278 | $1,126,672 | $179,394 | $947,278 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,061,040
- Program service revenue
- $257,712
- Investment income
- $6
- Other revenue
- $1,498
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $205,025
- Salaries, compensation and benefits (total)
- $205,025
- Professional fundraising fees
- $0
- Occupancy
- $16,756
- Travel
- $2,313
- Depreciation
- $4,209
- Program services (functional)
- $362,281
- Management and general (functional)
- $498
- Fundraising (functional)
- $10,199
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $1,126,672
- Total liabilities, end of year
- $179,394
- Net assets, end of year
- $947,278
- Land, buildings and equipment
- $2,441
- Net assets without donor restrictions
- $947,278
- Gross unrelated business income
- $230,278
- Gross receipts
- $1,320,256
- Employees
- 16
- Volunteers
- 5
- Year formed
- 2021
- 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 |
|---|---|---|---|
| Domenic DiPiero | Chairman Trustee or director, Officer | 0.25 | $0 |
| Joseph Albertelli | TREASURER Trustee or director, Officer | 0.25 | $0 |
| John Dias | BOARD MEMBER Trustee or director | 0.25 | $0 |
| Kasey Rosado | bOARD MEMBER Trustee or director | 0.25 | $0 |
| Lawrence Sykoff | BOARD MEMBER Trustee or director | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 12 BROAD ST STE 5, RED BANK, NJ 07701-1929
- In care of
- % JOSEPH ALBERTELLI
- Mailing address (990-N for 2023)
- 12 Broad Street 5th Floor, Red Bank NJ 07701
- Principal officer (990 for 2024)
- JOSEPH Albertelli, 12 Broad St suite 5, Red Bank, NJ 077011929
- Principal officer (990-N for 2023)
- Domenic M DiPiero III, 12 Broad Street 5th Floor, Red Bank NJ 07701
- Signed the 990
- JOSEPH Albertelli, TREASURER
- Phone
- (732) 219-5788
- Website
- www.tworivertimes.com
- Return prepared by
- WithumSmithBrown PC
Mission
The Two River Times Foundation supports the Two River Times, whose mission is to be an independent and steady news source to citizens and their communities ensuring the strength of unbiased journalism, to deliver as effectively as possible current information, supporting diverse voices to educate, advance, and inform public knowledge and enhance community engagement by promoting fact-based, in-depth coverage of issues.
Program accomplishments
- To provide independent, local news to citizens and their communities.Expenses $362,281 · revenue $27,434
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-N on file |
IRS record
- EIN
- 86-3503437
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B05)
- Assets (IRS master file)
- $1,126,672
- Income (IRS master file)
- $1,320,256
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,320,256 | $372,978 | $1,126,672 | XML |
| 990-N for 2023 Officer: Domenic M DiPiero III | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Domenic M DiPiero III | December 31, 2022 | ≤ $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 86-3503437).
Questions about TWO RIVER TIMES FOUNDATION
- What is the EIN of TWO RIVER TIMES FOUNDATION?
- The employer identification number (EIN) of TWO RIVER TIMES FOUNDATION is 86-3503437.
- Is TWO RIVER TIMES FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to TWO RIVER TIMES FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TWO RIVER TIMES FOUNDATION 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 TWO RIVER TIMES FOUNDATION 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 TWO RIVER TIMES FOUNDATION 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 TWO RIVER TIMES FOUNDATION?
- The 990 for the year ended December 31, 2024 names JOSEPH Albertelli.
- Who are the officers and directors of TWO RIVER TIMES FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does TWO RIVER TIMES FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,320,256, expenses of $372,978 and total assets of $1,126,672 at year end.
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