Flemington Improvement District Inc

Nonprofit profile at a glance

EIN
811648461
IRS 990 coverage
2016–2023
Forms available
Form 990 2023
Location
Flemington, NJ, USA
Phone
9088121656
Rating confidence
Limited
Sector
Economic Development

Reported finances

Revenue
$0
Expenses
$0
Assets
$134,376
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • ALLY NORTON (PRESIDENT)

People named in this filing

  • JACK CUST (TRUSTEE)
  • JIM GANO (TRUSTEE)
  • TONI GUSHUE (TRUSTEE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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

What it reported doing in 2023

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. The fcp also conducts themed business promotions and marketing campaigns designed to drive customer traffic and sales. Promotional campaigns are comprised of web promotions, social media, advertising, print collateral, and grass roots marketing. Examples include restaurant weeks, valentine's day promotions, health and wellness promotions, mother's and father's day promotions, seasonal and holiday promotions. During 2020, the organization, in partnership with the borough of flemington participated nj's opportunity zone challenge program sponsored by the njeda. The fcp also hosts events and forums for stakeholder groups.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Accountability: 64
  • Sustainability: 8
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 18th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 0.8% per year; rating input score 100; 54th percentile among comparable filings
  • Revenue growth: -5% per year; rating input score 0; 45th percentile among comparable filings
  • Asset growth: 6.9% per year; rating input score 100; 74th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 11 of 11 board members independent · 1 of 7 filing controls reported
  • Programs: 3 filed program accomplishments
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 9 of 10 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 7 filing years from 2016 to 2023
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 5 of 6 not reported.
  • Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
  • High — Growth: Revenue growth scored 0/100.