Sussex County Economic Development Ptrsp
Nonprofit profile at a glance
- EIN
- 223405766
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- Newton, NJ, USA
- Phone
- 9735791811
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $75,407
- Expenses
- $62,615
- Assets
- $59,185
- Liabilities
- $4,467
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- TAMMIE A HORSFIELD (PRESIDENT)
People named in this filing
- TAMMIE A HORSFIELD (PRESIDENT)
- KERI MARINO (TREASURER)
- JACKIE ESPINOZA (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-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The sussex county economic development partnership, inc. (scedp) is dedicated to the creation of sustainable economic opportunity and prosperity to improve the quality of life in sussex county, nj. The scedp will proactively facilitate the recruitment, retention and expansion of business that will complement, and be consistent with, the character and environment of sussex county.
What it reported doing in 2024
The development and implementation of an economic plan designed to strengthen and stimulate private investment in sussex county.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 100
- Sustainability: 55
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.2%; rating input score 79
- Program expense ratio: 95.4%; rating input score 95
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 17%; rating input score 70; 70th percentile among comparable filings
- Total-asset coverage ratio: 0.95; rating input score 45; 45th percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -3.7% per year; rating input score 0; 38th percentile among comparable filings
- Revenue growth: -3.8% per year; rating input score 0; 37th percentile among comparable filings
- Asset growth: -5% per year; rating input score 0; 24th percentile among comparable filings
Details
- Where the money goes: 79.2% of revenue deployed · 95.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $60K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- 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 — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
- High — Sustainability: Liabilities to assets ratio scored 19/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.