Party with Purpose Incorporated FY2020 filing

Tax-deductible

Hoboken, NJ501(c)(3)Since 2002Foundations & GrantmakersEIN 20-0596839Revenue $27K in FY2020

On file with the IRS51 Newark St, 07030-4548 · Hoboken, NJTax-exempt since Jun 2005Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
53¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
6 of 7
filings with a surplus
Average surplus $4K a year · 5% of revenue · last 7 filings
Fine: a surplus in 6 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
53%
of spending
Worth a look: 53% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$27K
-64% vs prior year
Spent
$83K
To programs
53%
Net assets
$0
By yearFY2019–FY2025
Revenue
$27K
FY2020▼ -64%
Tap a bar for its year
Revenue by fiscal year
FY2019$75K
FY2020$27K
FY2021$64K
FY2022$76K
FY2023$76K
FY2024$92K
FY2025$106K
Expenses
$83K
FY2020▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2019$74K
FY2020$83K
FY2021$42K
FY2022$48K
FY2023$65K
FY2024$79K
FY2025$100K
Net assets
$0
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2019$0
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$96K
FY2025$102K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 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 Jun 2005.

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

Where the money goes

53 cents of each dollar spent went to programs.

Program services 53% · $44K Management & general 47% · $40K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

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
See Party with Purpose Incorporated 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 15aYes

Programs and updates

Party with Purpose Incorporated is a public foundation based in Hoboken, NJ, formed in 2002.

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Provided by the organization

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3 programs · $13K · in their own filed words · FY2020
01

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.

$8Kprogram 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.

$3Kprogram expense
03

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.

$2Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

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

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$27K
Ln 12
Fees for servicesLn 2g$27K
Money outPt IX
$83K
Ln 25
Programscol B$44K
Managementcol C$40K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$27K
Total revenueLn 12$27K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Total assetsLn 16$0$0
LiabilitiesLn 26$0$0
Net assetsLn 32$0$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$31K$31K
Other expenses (24a–d)Ln 24$21K$13K$8K$0
All other expensesLn 24e$31K$0$31K$0
Total functional expensesLn 25$83K$44K$40K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $106K$100K$6K$102K 990 PDF
FY2024 $92K$79K$14K$96K 990 PDF
FY2023 $76K$65K$11K$0 990 PDF
FY2022 $76K$48K$27K$0 990 PDF
FY2021 $64K$42K$22K$0 990 PDF
FY2020 Viewing $27K$83K−$56K$0 990 PDF
FY2019 $75K$74K$652$0 990 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 FY2020 990 (6 parts)
Part I · Summary $27,033 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,268$0
I-9 Program service revenuePrior year $67,594$27,033
I-10 Investment incomePrior year $54$0
I-11 Other revenue$0
I-12 Total revenuePrior year $74,916$27,033
I-13 Grants and similar amounts paidPrior year $33,000$31,125
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $41,264$52,168
I-18 Total expensesPrior year $74,264$83,293
I-19 Revenue less expensesPrior year $652−$56,260
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $27,033 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$27,033
VIII-12 Total revenueRelated to mission $27,033 · Unrelated business $0 · Excluded from tax $0$27,033
Part IX · Statement of functional expenses $83,293 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $31,125$31,125
IX-24 Other expenses (24a–d)Programs $12,605 · Management $8,438 · Fundraising $0$21,043
IX-24e All other expensesPrograms $0 · Management $31,125 · Fundraising $0$31,125
IX-25 Total functional expensesPrograms $43,730 · Management $39,563 · Fundraising $0$83,293
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$0
X-33 Total liabilities and net assetsStart of year $0$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$27,033
XI-2 Total expenses$83,293
XI-3 Revenue less expenses−$56,260
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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