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M P O INC FY2023 filing

Not tax-deductible

Jersey City, NJ501(c)(6)EIN 11-2738487Revenue $314K in FY2023

On file with the IRS131 Dudley St Apt 512, 07302-4611 · Jersey City, NJTax-exempt since Oct 1993

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To provide business leaders with networking and business opportunities through education and ideas.

Mission: Form 990 Part I, line 1

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $4K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
8 mo
of spending, in cash
Looks good: 8.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$57K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$314K
+58% vs prior year
Spent
$272K
Net assets
$168K
By yearFY2021–FY2025
Revenue
$314K
FY2023▲ +58%
Tap a bar for its year
Revenue by fiscal year
FY2021$59K
FY2022$199K
FY2023$314K
FY2024$345K
FY2025$590K
Expenses
$272K
FY2023▲ +47%
Tap a bar for its year
Expenses by fiscal year
FY2021$99K
FY2022$185K
FY2023$272K
FY2024$350K
FY2025$579K
Net assets
$168K
FY2023▲ +33%
Tap a bar for its year
Net assets by fiscal year
FY2021$112K
FY2022$126K
FY2023$168K
FY2024$163K
FY2025$174K

From the FY2023 Form 990 (year ending June 2023) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1993.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Julia Wellborn
Chapter Chair
$0Pt VII · Sec A
Zach Rabinor
Assistant Learning Officer
$0Pt VII · Sec A
Jean Tang
Communications Officer
$0Pt VII · Sec A
John Dewey
Finance Officer
$0Pt VII · Sec A
Sal Sitaf
Member Engagement Officer
$0Pt VII · Sec A
Bob Pascucci
Membership Engagement Committee
$0Pt VII · Sec A
Peter Wermuth
Membership Engagement Committee
$0Pt VII · Sec A
Alexia Crawford
Learning Officer
$0Pt VII · Sec A
See M P O INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects business leaders with opportunities through education and idea sharing.

Questions for M P O INC

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Provided by the organization

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1 program · in their own filed words · FY2022
01

The organization provides business programs, meeting and seminars which are an integral part of carrying out the exempt purpose of developing and promoting the exchange of business ideas and experience.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$314K
Ln 12
Gifts and grantsLn 1h$256K
Fees for servicesLn 2g$58K
Money outPt IX
$272K
Ln 25
Owns and owesPt X
$168K
net assets · Ln 32
Cash and savingsLn 1–2$183K
Total assetsLn 16$225K
LiabilitiesLn 26$57K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$256K
Fees for servicesLn 2g$58K
Total revenueLn 12$314K
Assets in detailPt X, end of year
CashLn 1$183K
Cash and savings togetherLn 1–2$183K
Total assetsLn 16$225K
LiabilitiesLn 26$57K
Net assetsLn 32$168K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$139K$183K
Total assetsLn 16$153K$225K
LiabilitiesLn 26$27K$57K
Net assetsLn 32$126K$168K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$4K
Office expensesLn 13$449
Conferences, conventions and meetingsLn 19$186K
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$78K
Total functional expensesLn 25$272K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $590K$579K$11K$174K 990 PDF
FY2024 $345K$350K−$5K$163K 990 PDF
FY2023 Viewing $314K$272K$42K$168K 990 PDF
FY2022 $199K$185K$14K$126K 990 PDF
FY2021 $59K$99K−$40K$112K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $314,093 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $183,700$255,984
I-9 Program service revenuePrior year $14,950$58,109
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $198,650$314,093
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $184,578$272,096
I-18 Total expensesPrior year $184,578$272,096
I-19 Revenue less expensesPrior year $14,072$41,997
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $314,093 across 4 lines filed
VIII-1b Membership dues$255,984
VIII-1h Total contributions, gifts and grants$255,984
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $58,109$58,109
VIII-12 Total revenueRelated to mission $58,109 · Unrelated business $0 · Excluded from tax $0$314,093
Part IX · Statement of functional expenses $272,096 across 5 lines filed
IX-11c Accounting fees$4,484
IX-13 Office expenses$449
IX-19 Conferences, conventions and meetings$185,526
IX-23 Insurance$3,514
IX-24 Other expenses (24a–d)$78,123
IX-25 Total functional expenses$272,096
Part X · Balance sheet $224,906 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $138,916$183,297
X-9 Prepaid expenses and deferred chargesStart of year $14,104$41,609
X-16 Total assetsStart of year $153,020$224,906
X-19 Deferred revenueStart of year $26,836$56,725
X-26 Total liabilitiesStart of year $26,836$56,725
X-27 Net assets without donor restrictionsStart of year $126,184$168,181
X-32 Total net assets or fund balancesStart of year $126,184$168,181
X-33 Total liabilities and net assetsStart of year $153,020$224,906
Part XI · Reconciliation of net assets $168,181 net assets at year end
XI-1 Total revenue$314,093
XI-2 Total expenses$272,096
XI-3 Revenue less expenses$41,997
XI-4 Net assets at start of year$126,184
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$168,181

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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