philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Freehold Center Management Corp

Freehold, NJUnknown exempt organizationSince 1992 EIN 52-1816635Revenue $473K in FY2025Latest return filed May 29, 2026

On file with the IRSdowntownfreehold.comFreehold, NJ

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $300 a year.

How does your 990 look to donors? Take the 10-Question Audit

Foster the downtown economic development, encourage the downtowns revitalization, preserve the downtowns historic past

75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
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
2 of 6
filings with a surplus
Average deficit $9K a year · 2% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$55K
101% of total assets
Concern: liabilities are 101% of assets; over 80%.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$473K
+14% vs prior year
Spent
$526K
To programs
75%
Net assets
−$517
By yearFY2020–FY2025
Revenue
$473K
FY2025▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$353K
FY2021$336K
FY2022$350K
FY2023$386K
FY2024$414K
FY2025$473K
Expenses
$526K
FY2025▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2020$332K
FY2021$268K
FY2022$414K
FY2023$396K
FY2024$428K
FY2025$526K
Net assets
−$517
FY2025▼ -103%
Tap a bar for its year
Net assets by fiscal year
FY2020$39K
FY2021$107K
FY2022$43K
FY2023$32K
FY2024$18K
FY2025−$517

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $392K Management & general 25% · $134K

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

Something off? Claim to add context

Who runs it and what they're paid

25 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Marianne Earle
Board Member
$0Pt VII · Sec A
Norma Alicea
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jeff Friedman
Board Member
$0Pt VII · Sec A
Jean Holtz
Board Member
$0Pt VII · Sec A
Rob Kash
1st Vice Chair
$0Pt VII · Sec A
See Freehold Center Management Corp 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 15aNo

Programs and updates

Revitalizes downtowns, fosters economic growth, and preserves historic character.

Questions for Freehold Center Management Corp

Tap to ask. Freehold Center Management Corp sees how many people are interested.

Your first name shows with your question. Freehold Center Management Corp answers here, for everyone.

1 program · $392K · in their own filed words · FY2024
01

Various activities to promote and improve special improvement district to attract customers to frequent the boros various businesses and restaurants.

$392Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$473K
Ln 12
Fees for servicesLn 2g$472K
Investment incomeLn 3$270
Money outPt IX
$526K
Ln 25
Programscol B$392K
Managementcol C$134K
Owns and owesPt X
−$517
net assets · Ln 32
Cash and savingsLn 1–2$29K
Total assetsLn 16$55K
LiabilitiesLn 26$55K
PeoplePt VI, VII
25
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$472K
Investment incomeLn 3$270
Total revenueLn 12$473K
Assets in detailPt X, end of year
CashLn 1$29K
Cash and savings togetherLn 1–2$29K
Prepaid expenses and deferred chargesLn 9$5K
Land, buildings, equipmentLn 10c$15K
Other assetsLn 15$6K
Total assetsLn 16$55K
LiabilitiesLn 26$55K
Net assetsLn 32−$517
OperationsPt I, VI
EmployeesI 510
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$62K$29K
Land, buildings, equipmentLn 10c$14K$15K
Total assetsLn 16$82K$55K
LiabilitiesLn 26$64K$55K
Net assetsLn 32$18K−$517
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$230K$172K$57K
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$5K$5K
OccupancyLn 16$36K$36K
InterestLn 20$2K$1K$691
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$13K$3K$10K
All other expensesLn 24e$221K$210K$11K
Total functional expensesLn 25$526K$392K$134K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 29, 2026 $473K$526K−$53K−$517 990 PDF
FY2024Filed with the IRS Jul 1, 2025 $414K$428K−$14K$18K 990 PDF
FY2023Filed with the IRS Jul 1, 2025 $386K$396K−$10K$32K 990 PDF
FY2022Filed with the IRS Jan 12, 2023 $350K$414K−$64K$43K 990 PDF
FY2021Filed with the IRS Feb 17, 2022 $336K$268K$67K$107K 990 PDF
FY2020Filed with the IRS Feb 10, 2021 $353K$332K$22K$39K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $472,617 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $414,010$472,347
I-10 Investment income$270
I-11 Other revenue$0
I-12 Total revenuePrior year $414,010$472,617
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $194,122$229,895
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $234,354$295,637
I-18 Total expensesPrior year $428,476$525,532
I-19 Revenue less expensesPrior year −$14,466−$52,915
Part VI · Governance 16 of 16 board members independent, 1 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $472,617 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $472,347$472,347
VIII-3 Investment incomeRelated to mission $270$270
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $472,617 · Unrelated business $0 · Excluded from tax $0$472,617
Part IX · Statement of functional expenses $525,532 across 9 lines filed
IX-7 Other salaries and wagesPrograms $172,421 · Management $57,474$229,895
IX-11c Accounting feesManagement $8,100$8,100
IX-12 Advertising and promotionPrograms $5,135$5,135
IX-16 OccupancyManagement $36,000$36,000
IX-20 InterestPrograms $1,285 · Management $691$1,976
IX-22 Depreciation, depletion and amortizationManagement $3,186$3,186
IX-23 InsuranceManagement $7,075$7,075
IX-24 Other expenses (24a–d)Programs $3,485 · Management $9,905$13,390
IX-24e All other expensesPrograms $209,601 · Management $11,174$220,775
IX-25 Total functional expensesPrograms $391,927 · Management $133,605 · Fundraising $0$525,532
Part X · Balance sheet $54,810 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $61,831$28,992
X-9 Prepaid expenses and deferred charges$4,948
X-10c Land, buildings and equipment, netStart of year $13,597$14,870
X-15 Other assetsStart of year $6,750$6,000
X-16 Total assetsStart of year $82,178$54,810
X-17 Accounts payable and accrued expensesStart of year $4,800$18,595
X-19 Deferred revenueStart of year $35,771$36,732
X-26 Total liabilitiesStart of year $64,250$55,327
X-29 Capital stock or trust principalStart of year $17,928−$517
X-32 Total net assets or fund balancesStart of year $17,928−$517
X-33 Total liabilities and net assetsStart of year $82,178$54,810
Part XI · Reconciliation of net assets −$517 net assets at year end
XI-1 Total revenue$472,617
XI-2 Total expenses$525,532
XI-3 Revenue less expenses−$52,915
XI-4 Net assets at start of year$17,928
XI-9 Other changes in net assets$34,470
XI-10 Net assets at end of year−$517

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.