Party with Purpose Incorporated EIN 20-0596839 Form 990 (PDF) Claim this org

Party with Purpose Incorporated

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Party with Purpose Incorporated is a public foundation based in Hoboken, NJ. For fiscal year 2024 it reported $92K in revenue, $79K in expenses, and $96K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Hoboken, NJ
Filings
6 on file (2019–2024)
Revenue
$92KFY2024
Expenses
$79K
Net assets
$96K
People
10
Filings
6
Updates
0
More identity details & actions ⌄
EIN  20-0596839 Public foundation / grantmaker Hoboken, NJ
Form 990 (PDF)
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Size
<$100K
What they do
a public foundation
Leadership
Scott Delea · CEO
Money in and out
$92K revenue, $79K expenses
Bottom line
45% program efficiency
Grants paid & assets · FY2024
Total revenue
$92K
Pt VIII · Ln 12
Total expenses
$79K
Pt IX · Ln 25
Net assets
$96K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $14K
Where spending went · Part IX cols B–D
Program services $0.45 Management & general $0.11 Fundraising $0.44
Program efficiency
45%
of spending reaches programs▲ +11% vs prior filing year
Operating runway
14.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+15%
revenue over expenses, this year▲ +0.6% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$92K
FY2024▲ +21%
Expenses
$79K
FY2024▲ +21%
Total assets
$97K
FY2024
Total liabilities
$903
FY2024
Total revenue
$92K
Pt VIII · Ln 12
Total expenses
$79K
Pt IX · Ln 25
Net assets
$96K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$14K
Total assetsPt X · Ln 16$97K
Program-expense ratioPt IX · col B45%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services account for $28K of program spending, described in the organization's own filed words · FY2024.
01

Party With Purpose holds events throughout the year that benefit local charitable partners. During the reporting period, Party With Purpose held events benefiting several New Jersey based organizations. The main event was its 5k race along the waterfront in Hoboken, NJ during the summer.

$12Kprogram expense
02

Party With Purpose is a proud partner with the New York Road Runners and have been granted guaranteed entries into the annual New York City Marathon.

$10Kprogram expense
03

Special events including the winter benefit, thanksgiving dinner, and the holiday dinner were held to raise funds to support local activities focused on children, health or education programs. Please note: Additional proceeds from the 2018 events have been committed to be granted.

$6Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CParty with Purpose Incorporated
EINHdr · item D20-0596839
Principal addressHdr · item CHoboken, NJ
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFJun 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$92K
Investment income$38
Total revenueLn 12$92K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.45 Management & general $0.11 Fundraising $0.44
Program services45%$36K
Management & general11%$9K
Fundraising44%$35K
Total functional expensesLn 25$79K

Balance Sheet

Part X · end of year
CashLn 1$96K
Total assetsLn 16$97K
Total liabilitiesLn 26$903
Total net assetsLn 32$96K
Months of cash on handcomputed14.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $96K · Operating expenses/yr $79K
14.7 months
Where the money goes
Program services
Program services $36K · Total expenses $79K
45%
Management & General
Management & general $9K · Total expenses $79K
11%
Fundraising
Fundraising $35K · Total expenses $79K
44%
Cost to raise $1
Fundraising expense (3-yr avg) $22K · Solicited contributions (3-yr avg) $59K
$0.38 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $92K · Total revenue $92K
100%
Government reliance
Government grants — · Total revenue $92K
Earned-income share
Program service revenue $0 · Total revenue $92K
0%
Investment reliance
Investment income $38 · Total revenue $92K
+0.04%
Program self-sufficiency
Program service revenue $0 · Total expenses $79K
0%
Growth & trend
Revenue growth (YoY)
This year $92K · Prior year $76K
+21%
Revenue CAGR
FY2019 $75K · FY2024 $92K
+4%
Net-asset trend (YoY)
End of year $96K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $92K · Expenses $79K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $97K
Net-asset ratio
Net assets $96K · Total assets $97K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $97K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Scott Delea · Reported title CEO · Highest reported compensation $0 · Total expenses $79K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $79K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 45%
Overhead ratio 11%
Fundraising cost ratio 38%
Revenue growth 21%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$7K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$92K revenue · viewing · ⤓ 990 PDF
FY2023$76K revenue · ⤓ 990 PDF
FY2022$76K revenue · ⤓ 990 PDF
FY2021$64K revenue · ⤓ 990 PDF
FY2020$27K revenue · ⤓ 990 PDF
FY2019$75K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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