2024-11-11T09:24:15-06:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 20 COMMERCE DRIVE SUITE 301 CRANFORD NJ 070163618 990 2023-01-01 223665400 HIGHLANDS BUSINESS PARTNERSHIP INC HIGH 7322914713 140 BAY AVE HIGHLANDS NJ 07732 JAY COSGROVE PRESIDENT 7322914713 2024-11-01 1 0 EDMOND BRADY P00100199 9082726200 2024-11-01 2023 2024-10-15 13:58:12Z JAY COSGROVE 140 BAY AVE HIGHLANDS NJ 07732 241638 0 X WWW.HIGHLANDSNJ.COM X 1999 NJ HIGHLANDS BUSINESS PARTNERSHIP IS FUNDED ANNUALLY BY A VOLUNTARY ASSESSMENT OF BUSINESS OWNERS IN HIGHLANDS, EVENTS, SPONSORS AND TAX DEDUCTIBLE DONATIONS. HIGHLANDS BUSINESS PARTNERSHIP, A NONPROFIT CORPORATION AND COMMERCIAL ALLIANCE, FOUNDED IN 1999, WORKS ON BEHALF OF ALL THOSE WHO LIVE, WORK OR INVEST IN HIGHLANDS TO FOSTER HIGHLANDS' ECONOMIC DEVELOPMENT, ADVOCATE CONTINUED REVITALIZATION, PRESERVE OUR HISTORIC PAST, AND STRENGTHEN THE ECONOMIC, CULTURAL AND COMMERCIAL CONTRIBUTIONS IN HIGHLANDS. 12 12 1 105 0 0 88712 53463 214789 181733 122 82 0 6360 303623 241638 28720 34530 0 0 64375 74434 0 0 0 177783 189825 270878 298789 32745 -57151 121878 64727 0 0 121878 64727 X HIGHLANDS BUSINESS PARTNERSHIP IS FUNDED ANNUALLY BY A VOLUNTARY ASSESSMENT OF BUSINESS OWNERS IN HIGHLANDS, EVENTS, SPONSORS AND TAX DEDUCTIBLE DONATIONS. HIGHLANDS BUSINESS PARTNERSHIP, A NONPROFIT CORPORATION AND COMMERCIAL ALLIANCE, FOUNDED IN 1999, WORKS ON BEHALF OF ALL THOSE WHO LIVE, WORK OR INVEST IN HIGHLANDS TO FOSTER HIGHLANDS' ECONOMIC DEVELOPMENT, ADVOCATE CONTINUED REVITALIZATION, PRESERVE OUR HISTORIC PAST, AND STRENGTHEN THE ECONOMIC, CULTURAL AND COMMERCIAL CONTRIBUTIONS IN HIGHLANDS. 0 0 268048 34530 181733 THE PROGRAM SERVICE ACCOMPLISHMENTS GENERATE IN EXCESS OF $100,000 IN REVENUE. DRIVING FOOT-TRAFFIC OF APPROXIMATELY 100,000 PEOPLE TO THE HIGHLANDS BUSINESS DISTRICT ANNUALLY. THE HIGHLAND BUSINESS PARTNERSHIP, INC. MANAGES AND OVERSEE VARIOUS IMPROVEMENTS TO THE DISTRICT INCLUDING SHOP LOCAL, DESTINATION MARKETING, DIGITAL MEDIA MARKETING, SPECIAL EVENTS, DECORATIONS AND LANDSCAPING, FUNDRAISING, CREATION AND DISTRIBUTION THE HIGHLAND'S VISITOR GUIDE AND RACK CARDS AS WELL AS ECONOMIC DEVELOPMENT. 268048 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 1 0 0 0 0 0 0 0 0 0 0 X 12 12 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 NJ X KIM SLATE 7322914713 140 BAY AVE HIGHLANDS NJ 07732 X JAY COSGROVE PRESIDENT 15.00 X X 0 0 0 DOUG LENTZ VICE PRESIDENT 10.00 X X 0 0 0 KIM SLATE TREASURER 15.00 X X 0 0 0 DONICA BASINGER SECRETARY 10.00 X X 0 0 0 CARLA CEFALO EXECUTIVE DIRECTOR 10.00 X X 0 0 0 NANCY BURTON MEMBER 1.00 X 0 0 0 ANNA LITTLE MEMBER 1.00 X 0 0 0 FILOMENA ANTONIELLO MEMBER 1.00 X 0 0 0 GLORIA MILLER MEMBER 1.00 X 0 0 0 JAMES D BARKER MEMBER 1.00 X 0 0 0 VALERIE MONTECALVO MEMBER 1.00 X 0 0 0 DAVID BAKER MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 9313 44150 53463 SPECIAL EVENT REVENUE 900099 181733 181733 181733 82 82 MISCELLANEOUS INCOME 900099 6360 6360 6360 241638 188093 0 82 32780 32780 1750 1750 68615 68615 5819 5819 960 960 476 476 43606 43606 8344 8344 13337 13337 632 632 3085 3085 2945 2945 SPONSORED EVENTS 114846 114846 HOLIDAY PARTY AND GIFTS 1288 1288 REPAIRS AND MAINTENANCE 306 306 298789 268048 30741 0 96423 24256 58693 18222 25455 40471 121878 64727 0 0 X 121878 64727 121878 64727 121878 64727 -57151 0 X 0 0 0 X 29550 43101 57175 88712 56463 275001 54750 54750 84300 43101 57175 88712 56463 329751 2048 327703 26 91 122 82 321 330072 550520 0.99280 0.99940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 58693 18222 40471 40471 0 MONMOUTH COUNTY POLICE CHIEFS ASSOCIATION 2000 KOZLOSKI ROAD - POLICE ACADEMY FREEHOLD NJ 07728 222159840 501(C)(3) 13690 0 CHARITABLE CONTRIBUTION 1 FORM 990, PART VI, SECTION A, LINE 2 HPB PAID SHORE GRAFX A COMPANY OWNED BY THE PRESIDENT AND HER SPOUSE FOR WEBSITE DESIGN, MARKETING AND BROCHURES. DURING THE YEAR ENDED DECEMBER 31, 2022, HBP PAID FOR SERVICES TO VARIOUS COMPANIES OWNED BY OTHER BOARD MEMBERS. HBP OPERATES OUT OF AN OFFICE OWNED BY AN HPB BOARD MEMBER LOCATED IN THE BOROUGH OF HIGHLANDS AND HAS NOT BEEN CHARGED RENT FOR USE OF THE OFFICE SPACE. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN THE HIGHLANDS BUSINESS PARTNERSHIP IS OPEN TO ALL REGISTERED COMMERCIAL PROPERTY OWNERS AND REGISTERED BUSINESS OPERATORS IN THE BOROUGH OF HIGHLANDS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF HBP ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION RECEIVES A ELECTRONIC COPY OF THE 990. THE PRESIDENT AND TREASURER REVIEW THE 990 BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, PRINCIPAL OFFICERS, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS ARE SUBJECTED TO THE CONFLICT OF INTEREST POLICY AND SHALL REPORT THE POSSIBLE EXISTENCE OF A CONFLICT OF INTEREST FOR HIM/HERSELF, OR ANY OTHER PERSON SUBJECT TO THE POLICY, TO THE BOARD OF DIRECTORS. THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER CONDUCTING DUE DILIGENCE, THE BOARD SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED BOARD MEMBERS WHETHER THE TRANSACTION OR ARRANGEMENT IN QUESTION IS IN THE ORGANIZATION'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE ORGANIZATION AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO OR ALLOW THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION AND POSSIBLE ACTIONS TO BE TAKEN. AS PART OF ITS DUE DILIGENCE EFFORTS, THE BOARD SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN AN EQUALLY ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD GIVE RISE TO A CONFLICT OF INTEREST. IF IT IS DETERMINED THAT THE MEMBER IS AN INTERESTERD PERSON AND HAS FAILED TO DISCLOSE AN ACTUALY OR POSSIBLE CONFLICT OF INTEREST, THE BOARD SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. IT IS POSTED ON GUIDESTAR, THE IRS WEBSITE, AND OTHER SIMILAR WEBSITES. IN ADDITION, INTERESTED PARTIES SHOULD CONTACT THE PRESIDENT AT 140 BAY AVE, HIGHLANDS, NJ 07732.