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Strand Ventures INC FY2021 filing

Tax-deductible

Lakewood, NJ501(c)(3)Since 2000Arts & CultureEIN 22-3733350

To promote cultural,educational and artistic events and to preserve the historical site of the strand theater in and for the community of lakewood, NJ.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
3 of 5
filings with a surplus
Average surplus $43K a year · 8% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$131K
114% of total assets
Concern: liabilities are 114% of assets; over 80%.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$256K
Spent
$173K
To programs
85%
Net assets
−$16K
By yearFY2021–FY2025
Revenue
$256K
FY2021
Revenue by fiscal year
FY2021$256K
FY2022$617K
FY2023$591K
FY2024$587K
FY2025$512K
FY2025$483K
Expenses
$173K
FY2021
Expenses by fiscal year
FY2021$173K
FY2022$424K
FY2023$529K
FY2024$638K
FY2025$587K
FY2025$573K
Net assets
−$16K
FY2021
Net assets by fiscal year
FY2021−$16K
FY2022$178K
FY2023$240K
FY2024$188K
FY2025$114K
FY2025$23K

From the FY2021 Form 990 (year ending May 2021) · see the original

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You’re viewing the FY2021 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 Dec 2001.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $147K Management & general 15% · $25K

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

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Sam Soprano
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jon Petz
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Strand Ventures 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

Sponsors cultural events and preserves the historic Strand Theater for the Lakewood community.

Provided by the organization

This section is blank until Strand Ventures INC claims this page.

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1 program service account for $147K of program spending, described in the organization's own filed words · FY2020.
01

Promote cultural, educational and artistic events and to perserve the historical site of the strand theater in and for the community of lakewood.

$147Kprogram expense

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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 · FY2025
Manasquan Bank Charitable Foundation INCFY2025$2K
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$256K
Ln 12
Gifts and grantsLn 1h$216K
Fees for servicesLn 2g$40K
Other incomeLn 4–11$102
Money outPt IX
$173K
Ln 25
Programscol B$147K
Managementcol C$25K
Owns and owesPt X
−$16K
net assets · Ln 32
Cash and savingsLn 1–2$82K
Total assetsLn 16$115K
LiabilitiesLn 26$131K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$216K
Government grantsLn 1e$216K
Noncash giftsLn 1g$36K
Fees for servicesLn 2g$40K
Investment incomeLn 3$48
Other incomeLn 4–11$102
Total revenueLn 12$256K
Assets in detailPt X, end of year
CashLn 1$82K
Cash and savings togetherLn 1–2$82K
InvestmentsLn 11–13$375
Land, buildings, equipmentLn 10c$19K
Total assetsLn 16$115K
LiabilitiesLn 26$131K
Net assetsLn 32−$16K
OperationsPt I, VI
EmployeesI 520
VolunteersI 60
Fiscal year endsHeaderMay
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 FY21End FY21
Cash and savingsLn 1–2$50K$82K
InvestmentsLn 11–13$273$375
Land, buildings, equipmentLn 10c$17K$19K
Total assetsLn 16$71K$115K
LiabilitiesLn 26$171K$131K
Net assetsLn 32−$100K−$16K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$33K$29K$3K
Other employee benefitsLn 9$3K$3K$342
Payroll taxesLn 10$4K$4K$430
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$5K$5K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$7K$6K$505
OccupancyLn 16$69K$66K$3K
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$6K$6K$314
Other expenses (24a–d)Ln 24$24K$23K$180
Total functional expensesLn 25$173K$147K$25K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 $512K$587K−$75K$114K 990 PDF
FY2024 $587K$638K−$51K$188K 990 PDF
FY2023 $591K$529K$62K$240K 990 PDF
FY2022 $617K$424K$194K$178K 990 PDF
FY2021 Viewing $256K$173K$84K−$16K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $256,454 across 7 lines filed
VIII-1e Government grants$216,474
VIII-1g Noncash contributions (included above)$36,000
VIII-1h Total contributions, gifts and grants$216,474
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $39,830$39,830
VIII-3 Investment incomeExcluded from tax $48$48
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $102$102
VIII-12 Total revenueRelated to mission $39,830 · Unrelated business $0 · Excluded from tax $150$256,454
Part IX · Statement of functional expenses $172,540 across 11 lines filed
IX-7 Other salaries and wagesPrograms $29,373 · Management $3,264$32,637
IX-9 Other employee benefitsPrograms $3,082 · Management $342$3,424
IX-10 Payroll taxesPrograms $3,874 · Management $430$4,304
IX-11c Accounting feesManagement $11,603$11,603
IX-11g Other fees for servicesManagement $5,238$5,238
IX-12 Advertising and promotionPrograms $2,905$2,905
IX-13 Office expensesPrograms $6,229 · Management $505$6,734
IX-16 OccupancyPrograms $66,260 · Management $3,166$69,426
IX-22 Depreciation, depletion and amortizationPrograms $6,311$6,311
IX-23 InsurancePrograms $5,973 · Management $314$6,287
IX-24 Other expenses (24a–d)Programs $23,491 · Management $180$23,671
IX-25 Total functional expensesPrograms $147,498 · Management $25,042 · Fundraising $0$172,540
Part X · Balance sheet $114,774 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $49,868$81,505
X-4 Accounts receivable$6,882
X-9 Prepaid expenses and deferred chargesStart of year $4,148$6,960
X-10c Land, buildings and equipment, netStart of year $16,900$19,052
X-11 Publicly traded securitiesStart of year $273$375
X-16 Total assetsStart of year $71,189$114,774
X-17 Accounts payable and accrued expensesStart of year $77,010$56,021
X-24 Unsecured notes and loans payableStart of year $50,285$50,530
X-25 Other liabilitiesStart of year $43,679$24,094
X-26 Total liabilitiesStart of year $170,974$130,645
X-27 Net assets without donor restrictionsStart of year −$99,785−$15,871
X-32 Total net assets or fund balancesStart of year −$99,785−$15,871
X-33 Total liabilities and net assetsStart of year $71,189$114,774
Part XI · Reconciliation of net assets −$15,871 net assets at year end
XI-1 Total revenue$256,454
XI-2 Total expenses$172,540
XI-3 Revenue less expenses$83,914
XI-4 Net assets at start of year−$99,785
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$15,871

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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