Southern Nj Development Council EIN 21-0666900 Form 990 (PDF) Claim this org

Southern Nj Development Council

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Promotes business growth and investment within New Jersey. For fiscal year 2025 it reported $672K in revenue, $631K in expenses, and $503K in net assets.Pt I

Founded
1960
Type
Business league / trade association · Community Development
Location
Turnersville, NJ
Filings
6 on file (2020–2025)
Revenue
$672KFY2025
Expenses
$631K
Net assets
$503K
People
1
Filings
6
Updates
0
More identity details & actions ⌄
EIN  21-0666900 Business league / trade association Turnersville, NJ Founded 1960
Form 990 (PDF)
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Size
$100K–1M
What they do
Promotes business growth and investment within New Jersey.
Leadership
Marlene Asselt · President · $135K
Money in and out
$672K revenue, $631K expenses
Bottom line
+6% operating surplus
Membership & operating revenue · FY2025
Total revenue
$672K
Pt VIII · Ln 12
Total expenses
$631K
Pt IX · Ln 25
Net assets
$503K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $41K
Where spending went · Part IX cols B–D
Program services $1.00
Operating surplus
+6%
revenue over expenses▲ +331% vs prior filing year
Earned revenue
70%
of revenue from program services & dues▲ +10% vs prior filing year
Payroll share
66%
of spending is salaries & benefits▼ -8% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$672K
FY2025▲ +12%
Expenses
$631K
FY2025▲ +2%
Total assets
$503K
FY2025▲ +9%
Total liabilities
$0
FY2025
Total revenue
$672K
Pt VIII · Ln 12
Total expenses
$631K
Pt IX · Ln 25
Net assets
$503K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$41K
Total assetsPt X · Ln 16$503K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 4285

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSouthern Nj Development Council
EINHdr · item D21-0666900
Principal addressHdr · item CTurnersville, NJ
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1960
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S31Z)
Ruling yearIRS BMFAug 1953

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b285
Conflict-of-interest policyPt VI · Ln 12aNo
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
$134,545Pt VII · Sec A

Marlene Asselt’s $135K as President is at the 87th percentile of top reported officer pay among 1710 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Marlene Asselt$134,545$134,984$143,062$123,950$107,650$41,506

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2025.
01

Secure business interest in in the state of New Jersey

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue$472K · 70%
Contributions & grants$186K · 28%
Investment income$14K · 2%
Program service revenue70%$472K
Contributions & grants28%$186K
Investment income2%$14K
Total revenueLn 12$672K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$631K
Total functional expensesLn 25$631K

Balance Sheet

Part X · end of year
CashLn 1$503K
Total assetsLn 16$503K
Total liabilitiesLn 26$0
Total net assetsLn 32$503K
Months of cash on handcomputed9.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $503K · Operating expenses/yr $631K
9.6 months
Where the money goes
Program services
Program services $631K · Total expenses $631K
100%
Management & General
Management & general $0 · Total expenses $631K
0%
Fundraising
Fundraising $0 · Total expenses $631K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $204K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $186K · Total revenue $672K
28%
Government reliance
Government grants — · Total revenue $672K
Earned-income share
Program service revenue $472K · Total revenue $672K
70%
Investment reliance
Investment income $14K · Total revenue $672K
+2%
Program self-sufficiency
Program service revenue $472K · Total expenses $631K
75%
Growth & trend
Revenue growth (YoY)
This year $672K · Prior year $601K
+12%
Revenue CAGR
FY2020 $354K · FY2025 $672K
+14%
Net-asset trend (YoY)
End of year $503K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $672K · Expenses $631K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $503K
Net-asset ratio
Net assets $503K · Total assets $503K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $503K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Marlene Asselt · Reported title President · Highest reported compensation $135K · Total expenses $631K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $414K · Total expenses $631K
66%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Revenue growth 12%

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 · FY2022
Total grants receivedfrom 1 funder$9K

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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
FY2025 (Latest)$672K revenue · viewing · ⤓ 990 PDF
FY2024$601K revenue · ⤓ 990 PDF
FY2023$571K revenue · ⤓ 990 PDF
FY2022$576K revenue · ⤓ 990 PDF
FY2021$665K revenue · ⤓ 990 PDF
FY2020$354K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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