Lakehurst Small Business Roundtable: Nonprofit Profile, Financials & Form 990 (EIN 93-2156272)

Revenue by fiscal year
FY2023	$48K
FY2024	$140K
FY2025	$109K

Expenses by fiscal year
FY2023	$25K
FY2024	$148K
FY2025	$113K

Net assets by fiscal year
FY2023	$23K
FY2024	$16K
FY2025	$11K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2024.

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

Where the money goes

4 cents of each dollar spent went to programs.

96%

Program services 4% · $5K Management & general 96% · $108K

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

3 people listed on the 990; $30K paid to officers and key staff.

Part VII, Section A · reportable compensation

Sheila Harris Adams

Chair

$29,737Pt VII · Sec A

Brandon William Adams

Secretary

$500Pt VII · Sec A

Jatinder Singh CPA

Vice Chair

$0Pt VII · Sec A

Sheila Harris Adams’s $30K as Chair is at the 15th percentile of top reported officer pay among 1709 $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 · 2 named individuals · Part VII

Name	FY2025	FY2024	FY2023
Sheila Harris Adams	$29,737	$41,000	$4,000
Brandon William Adams	$500	$7,300	—

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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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

Promotes local business and community goals through collaboration and public-spirited initiatives.

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Provided by the organization

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1 program · $5K · in their own filed words · FY2025

01

Annual industry day event & consulting

$5Kprogram expense

By the numbers

The FY2025 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$109K

Ln 12

Fees for servicesLn 2g$109K

Money outPt IX

$113K

Ln 25

Programscol B$5K

Managementcol C$108K

Owns and owesPt X

$11K

net assets · Ln 32

Cash and savingsLn 1–2$11K

Total assetsLn 16$11K

LiabilitiesLn 26$0

PeoplePt VI, VII

3

listed · VII A

PaidVII A2

Voting boardVI 1a2

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$109K

Total revenueLn 12$109K

Assets in detailPt X, end of year

CashLn 1$11K

Cash and savings togetherLn 1–2$11K

Total assetsLn 16$11K

LiabilitiesLn 26$0

Net assetsLn 32$11K

OperationsPt I, VI

EmployeesI 52

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$16K	$11K
Total assetsLn 16	$16K	$11K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$16K	$11K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$30K	$500	$30K
Payroll taxesLn 10	$3K	$58	$3K
Accounting feesLn 11c	$10K		$10K
Other expenses (24a–d)Ln 24	$69K	$4K	$64K
All other expensesLn 24e	$1K		$1K
Total functional expensesLn 25	$113K	$5K	$108K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$109K	$113K	−$5K	$11K	990 PDF
FY2024	$140K	$148K	−$8K	$16K	990 PDF
FY2023	$48K	$25K	$23K	$23K	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 FY2025 990 (6 parts)

Part I · Summary $108,620 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $139,773$108,620

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $139,773$108,620

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $53,689$33,569

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $93,931$79,736

I-18 Total expensesPrior year $147,620$113,305

I-19 Revenue less expensesPrior year −$7,847−$4,685

Part VI · Governance 0 of 2 board members independent, 4 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members0

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $108,620 across 2 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $108,620$108,620

VIII-12 Total revenueRelated to mission $108,620 · Unrelated business $0 · Excluded from tax $0$108,620

Part IX · Statement of functional expenses $113,305 across 5 lines filed

IX-7 Other salaries and wagesPrograms $500 · Management $29,737$30,237

IX-10 Payroll taxesPrograms $58 · Management $3,274$3,332

IX-11c Accounting feesManagement $9,973$9,973

IX-24 Other expenses (24a–d)Programs $4,344 · Management $64,406$68,750

IX-24e All other expensesManagement $1,013$1,013

IX-25 Total functional expensesPrograms $4,902 · Management $108,403 · Fundraising $0$113,305

Part X · Balance sheet $10,944 assets, 5 lines filed

X-1 Cash, non-interest-bearingStart of year $15,629$10,944

X-16 Total assetsStart of year $15,629$10,944

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $15,629$10,944

X-33 Total liabilities and net assetsStart of year $15,629$10,944

Part XI · Reconciliation of net assets $10,944 net assets at year end

XI-1 Total revenue$108,620

XI-2 Total expenses$113,305

XI-3 Revenue less expenses−$4,685

XI-4 Net assets at start of year$15,629

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$10,944

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

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