To foster a thriving business community in the borough of Flemington.

501(c)(3) charity; gifts are tax-deductible.
48¢ of each $1 spent went to programs.
$80K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $18K a year · 5% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
48%
of spending
Concern: 48% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$80K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
8 mo
of spending, in cash
Looks good: 7.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$28K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$422K
Spent
$308K
To programs
48%
Net assets
$174K
By yearFY2020–FY2023
Revenue
$422K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$422K
FY2021$397K
FY2022$575K
FY2023$0
Expenses
$308K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$308K
FY2021$400K
FY2022$614K
FY2023$0
Net assets
$174K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$174K
FY2021$173K
FY2022$134K
FY2023$134K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Sep 2016.

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

Where the money goes

48 cents of each dollar spent went to programs.

Program services 48% · $147K Management & general 52% · $161K

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

13 people listed on the 990; $80K paid to officers and key staff.

Part VII, Section A · reportable compensation
Ex. Director
$80,000Pt VII · Sec A
$0Pt VII · Sec A
V.president
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee from 8/20
$0Pt VII · Sec A

Robin Lapidus’s $112K as Ex. Director is at the 98th percentile of top reported officer pay among 168 <$100K 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

NameFY2022FY2021FY2020
Robin Lapidus$111,750$89,000$80,000

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.

See Flemington Improvement District 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 15aYes

Programs and updates

Supports Flemington businesses to create a vibrant local economy.

Questions for Flemington Improvement District INC

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Provided by the organization

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3 programs · $147K · in their own filed words · FY2020
01

As the destination marketing agency for flemington, the FCP promotes the borough using a wide array of print and digital marketing materials including but not limited to a website, visitor guides, walking tours, seasonal event guides, blogs and niche promotional materials.

$61Kprogram expense
02

In furtherance of its economic development mission, the FCP provides extensive business development support to hundreds of businesses located in flemington borough. Services include business consulting, trainings, and helping to launch new businesses.

$60Kprogram expense
03

The FCP works year-round to enhance the visual attractiveness of flemington borough. Visual improvement projects include, but are not limited to: banner programs, seasonal decorating for fall and the winter holidays, public art projects, landscaping and beautification projects.

$26Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $20K · 2020–2020
Unitemized GrantFY2020$20,094

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$422K
Ln 12
Fees for servicesLn 2g$370K
Gifts and grantsLn 1h$52K
Money outPt IX
$308K
Ln 25
Programscol B$147K
Managementcol C$161K
Owns and owesPt X
$174K
net assets · Ln 32
Cash and savingsLn 1–2$199K
Total assetsLn 16$202K
LiabilitiesLn 26$28K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$52K
Fees for servicesLn 2g$370K
Total revenueLn 12$422K
Assets in detailPt X, end of year
CashLn 1$199K
Cash and savings togetherLn 1–2$199K
Other assetsLn 15$3K
Total assetsLn 16$202K
LiabilitiesLn 26$28K
Net assetsLn 32$174K
OperationsPt I, VI
EmployeesI 53
VolunteersI 611
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
Cash and savingsLn 1–2$58K$199K
Total assetsLn 16$60K$202K
LiabilitiesLn 26$0$28K
Net assetsLn 32$60K$174K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$23K$23K
Pay of current officers, directors and key staffLn 5$80K$80K
Other salaries and wagesLn 7$11K$11K
Other employee benefitsLn 9$10K$10K
Payroll taxesLn 10$9K$9K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$2K$2K
Office expensesLn 13$12K$12K
Information technologyLn 14$4K$4K
OccupancyLn 16$20K$20K
TravelLn 17$519$519
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$124K$124K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$308K$147K$161K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $0$0$0$134K 990 PDF
FY2022 $575K$614K−$39K$134K 990 PDF
FY2021 $397K$400K−$2K$173K 990 PDF
FY2020 Viewing $422K$308K$114K$174K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $422,065 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $40,771$52,000
I-9 Program service revenuePrior year $388,315$370,065
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $429,086$422,065
I-13 Grants and similar amounts paidPrior year $27,350$22,794
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $173,130$110,661
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $300,971$174,432
I-18 Total expensesPrior year $501,451$307,887
I-19 Revenue less expensesPrior year −$72,365$114,178
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $422,065 across 4 lines filed
VIII-1f All other contributions, gifts and grants$52,000
VIII-1h Total contributions, gifts and grants$52,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $370,065$370,065
VIII-12 Total revenueRelated to mission $370,065 · Unrelated business $0 · Excluded from tax $0$422,065
Part IX · Statement of functional expenses $307,887 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $22,794$22,794
IX-5 Pay of current officers, directors and key staffManagement $80,000$80,000
IX-7 Other salaries and wagesManagement $11,032$11,032
IX-9 Other employee benefitsManagement $10,450$10,450
IX-10 Payroll taxesManagement $9,179$9,179
IX-11c Accounting feesManagement $3,930$3,930
IX-11g Other fees for servicesManagement $1,604$1,604
IX-13 Office expensesManagement $12,020$12,020
IX-14 Information technologyManagement $3,916$3,916
IX-16 OccupancyManagement $19,599$19,599
IX-17 TravelManagement $519$519
IX-23 InsuranceManagement $6,540$6,540
IX-24 Other expenses (24a–d)Programs $124,406$124,406
IX-24e All other expensesManagement $1,898$1,898
IX-25 Total functional expensesPrograms $147,200 · Management $160,687 · Fundraising $0$307,887
Part X · Balance sheet $202,382 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $58,269$199,382
X-15 Other assetsStart of year $1,800$3,000
X-16 Total assetsStart of year $60,069$202,382
X-25 Other liabilitiesStart of year $0$28,135
X-26 Total liabilitiesStart of year $0$28,135
X-27 Net assets without donor restrictionsStart of year $60,069$174,247
X-32 Total net assets or fund balancesStart of year $60,069$174,247
X-33 Total liabilities and net assetsStart of year $60,069$202,382
Part XI · Reconciliation of net assets $174,247 net assets at year end
XI-1 Total revenue$422,065
XI-2 Total expenses$307,887
XI-3 Revenue less expenses$114,178
XI-4 Net assets at start of year$60,069
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$174,247

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

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