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Morristown Partners INC

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Morristown, NJ501(c)(3)Community Development EIN 22-3307187Total revenue $2.0M in FY2024Latest return filed Nov 17, 2025

On file with the IRSmorristown-nj.orgTax-exempt since May 1996Public charity

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To promote economic growth and revitalization, enhance commercial visibility and attractiveness, foster and encourage self-help programs to enhance the local business climate, provide administrative and other services to benefit business, employees, residents and consumers and promote and preserve the cultural, historic, touristic and civic interests of the town of Morristown and its special improvement district.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-3307187) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 20 volunteers and 12 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

What it does

1 program · $1.3M · in their own filed words · FY2024
01

Revitalization of Morristown through local gift certificate program, support of local business community, streetscape design and lamp post maintenance, business recruitment and retention, marketing, promotions, events and capital improvement projects.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-3307187) · Dispute this line
$1.3Mprogram expense

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, current with the IRS.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $180K a year · 13% of revenue · last 5 filings
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
92% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$134K
to officers and key staff · 10% of spending
Top officer’s pay lower than 62% of similar orgs
Pay to officers and key staff is 10% of spending.
Part VII, Section A
Cash reserves
4.1 mo
of spending, in cash
4.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $788K · 2020–2024
6 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$585K
51% of total assets
Liabilities are 51% of assets.
Pt X · Ln 26
Independent board members
18
of 19 voting members
18 of 19 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Total revenue
$2.0M
+58% vs prior year
Total expenses
$1.4M
To programs
92%
Net assets
$566K
By yearFY2020–FY2024
Revenue
$2.0M
FY2024▲ +58%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$1.2M
FY2022$1.1M
FY2023$1.3M
FY2024$2.0M
Expenses
$1.4M
FY2024▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.5M
FY2021$1.0M
FY2022$1.2M
FY2023$1.2M
FY2024$1.4M
Net assets
$566K
FY2024
Tap a bar for its year
Net assets by fiscal year
FY2020−$340K
FY2021−$139K
FY2022−$155K
FY2023−$68K
FY2024$566K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1996.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $1.3M Management & general 8% · $108K Fundraising 0% · $6K

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

19 people listed on the 990; $134K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Jennifer Wehring
Executive Director
$134,231Pt VII · Sec A
Jeff Rawding
Vice President
$0Pt VII · Sec A
John Walsh
Secretary
$0Pt VII · Sec A
Kim Ryan
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jennifer Wehring’s $134K as Executive Di is at the 38th percentile of top reported officer pay among 2832 $1–10M 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

NameFY2024FY2023FY2022FY2021FY2020
Jennifer Wehring$134,231$115,000$113,115$110,000$110,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization, with a nickname or small spelling change read as the same person. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Morristown Partners INC executive salaries →

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

Updates and questions

Boosts local business and community by improving visibility, offering services, and preserving cultural heritage.

Our summary of the filed mission and programs (Form 990 Part III, line 4), not the words of the organization.

Questions for Morristown Partners INC

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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 · from the funders’ 2024 returns

Dated by each funder’s own filing year, which may not match this organization’s fiscal year.

Atlantic Health System INC$48K
Total grants received, 2020–2024from 6 funders$788K
See all 6 funders, 2020–2024 →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$2.0M
Money outPt IX
$1.4M
Ln 25
Programscol B$1.3M
Managementcol C$108K
Fundraisingcol D$6K
Owns and owesPt X
$566K
net assets · Ln 32
Cash and savingsLn 1–2$480K
Total assetsLn 16$1.2M
LiabilitiesLn 26$585K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Government grantsLn 1e$1.4M
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$480K
Cash and savings togetherLn 1–2$480K
Accounts receivableLn 4$79K
Prepaid expenses and deferred chargesLn 9$4K
Land, buildings, equipmentLn 10c$511K
Other assetsLn 15$76K
Total assetsLn 16$1.2M
LiabilitiesLn 26$585K
Net assetsLn 32$566K
OperationsPt I, VI
EmployeesI 512
VolunteersI 620
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 FY24End FY24
Cash and savingsLn 1–2$13K$480K
Land, buildings, equipmentLn 10c$328K$511K
Total assetsLn 16$534K$1.2M
LiabilitiesLn 26$602K$585K
Net assetsLn 32−$68K$566K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$134K$99K$34K$1K
Other salaries and wagesLn 7$186K$177K$7K$2K
Other employee benefitsLn 9$55K$47K$7K$518
Payroll taxesLn 10$28K$24K$4K$267
Other fees for servicesLn 11g$28K$3K$25K
OccupancyLn 16$83K$71K$11K$830
InterestLn 20$7K$6K$910$70
Depreciation, depletion and amortizationLn 22$66K$59K$7K
InsuranceLn 23$46K$39K$6K$459
Other expenses (24a–d)Ln 24$678K$678K
All other expensesLn 24e$78K$71K$7K$331
Total functional expensesLn 25$1.4M$1.3M$108K$6K

Part VII lists each person's pay for the calendar year, including pay from related organizations and from people who have left; Part IX, line 5 is this organization's own cost for its current officers and key staff over its fiscal year.

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Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $2.0M$1.4M$634K$566K 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $1.3M$1.2M$87K−$68K 990 PDF
FY2022Filed with the IRS Nov 11, 2023 $1.1M$1.2M−$16K−$155K 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $1.2M$1.0M$202K−$139K 990 PDF
FY2020Filed with the IRS Nov 11, 2021 $1.5M$1.5M−$4K−$340K 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2024 990

Parts IV and V and the Schedule O notes are not shown yet: we do not hold this return's e-file. The Parts below come from the IRS data we do hold, and the full 990 PDF has every Part.

Part I · Summary $2,023,052 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,279,103$2,023,052
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,279,103$2,023,052
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $336,597$403,309
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $855,742$985,398
I-18 Total expensesPrior year $1,192,339$1,388,707
I-19 Revenue less expensesPrior year $86,764$634,345
Part III · Program service accomplishments 1 program, $1,275,664 spent
III-4a Revitalization of morristown through local gift certificate program, support of local business community, streetscape design and lamp post maintenance, business recruitment and retention, marketing, promotions, events and capital improvement projects. Marketing and promotions 921,704 built enviroment 121,886 business sector engagement 141,284 financial strategy and business development 57,514 public affairs and advocacy 33,276$1,275,664
Part VI · Governance 18 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members18
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 VII · Officers, directors and key employees 19 people listed, 1 paid by the organization
VII-1a Jennifer WehringExecutive Di$134,231
VII-1a Anika JosephTrustee$0
VII-1a Biagio ScottoTrustee$0
VII-1a Dick TigheTrustee$0
VII-1a Jeff RawdingVice Preside$0
VII-1a Joe Lobozzo JRTrustee$0
VII-1a John WalshSecretary$0
VII-1a Kim RyanTreasurer$0
VII-1a Leia GaccioneTrustee$0
VII-1a Mark Von BradskyTrustee$0
VII-1a Michael WitkoTrustee$0
VII-1a Michelle MongeyTrustee$0
VII-1a Nestor BedoyaTrustee$0
VII-1a Ori KasneciTrustee$0
VII-1a Philip Del GiudiceTrustee$0
VII-1a Robert NishTrustee$0
VII-1a Ryan DawsonPresident$0
VII-1a Steve PylypchukTrustee$0
VII-1a William BraunschweigerTrustee$0
Part VIII · Statement of revenue $2,023,052 across 4 lines filed
VIII-1e Government grants$1,402,804
VIII-1f All other contributions, gifts and grants$620,248
VIII-1h Total contributions, gifts and grants$2,023,052
VIII-12 Total revenue$2,023,052
Part IX · Statement of functional expenses $1,388,707 across 11 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $99,331 · Management $33,558 · Fundraising $1,342Part VII lists each person's pay for the calendar year, including pay from related organizations and from people who have left; Part IX, line 5 is this organization's own cost for its current officers and key staff over its fiscal year.$134,231
IX-7 Other salaries and wagesPrograms $177,044 · Management $7,488 · Fundraising $1,692$186,224
IX-9 Other employee benefitsPrograms $47,156 · Management $7,003 · Fundraising $518$54,677
IX-10 Payroll taxesPrograms $24,301 · Management $3,609 · Fundraising $267$28,177
IX-11g Other fees for servicesPrograms $2,790 · Management $25,128$27,918
IX-16 OccupancyPrograms $71,350 · Management $10,786 · Fundraising $830$82,966
IX-20 InterestPrograms $6,021 · Management $910 · Fundraising $70$7,001
IX-22 Depreciation, depletion and amortizationPrograms $59,065 · Management $6,563$65,628
IX-23 InsurancePrograms $39,495 · Management $5,970 · Fundraising $459$45,924
IX-24 Other expenses (24a–d)Programs $678,163$678,163
IX-24e All other expensesPrograms $70,948 · Management $6,519 · Fundraising $331$77,798
IX-25 Total functional expensesPrograms $1,275,664 · Management $107,534 · Fundraising $5,509$1,388,707
Part X · Balance sheet $1,150,839 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $12,690$479,894
X-4 Accounts receivableStart of year $38,950$79,400
X-9 Prepaid expenses and deferred chargesStart of year $2,425$4,374
X-10c Land, buildings and equipment, netStart of year $328,253$511,331
X-15 Other assetsStart of year $151,680$75,840
X-16 Total assetsStart of year $533,998$1,150,839
X-17 Accounts payable and accrued expensesStart of year $243,789$365,458
X-24 Unsecured notes and loans payableStart of year $106,667$93,334
X-25 Other liabilitiesStart of year $251,680$125,840
X-26 Total liabilitiesStart of year $602,136$584,632
X-27 Net assets without donor restrictionsStart of year −$68,138$566,207
X-32 Total net assets or fund balancesStart of year −$68,138$566,207
X-33 Total liabilities and net assetsStart of year $533,998$1,150,839
Part XI · Reconciliation of net assets $566,207 net assets at year end
XI-1 Total revenue$2,023,052
XI-2 Total expenses$1,388,707
XI-3 Revenue less expenses$634,345
XI-4 Net assets at start of year−$68,138
XI-10 Net assets at end of year$566,207

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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