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HIGHLANDS BUSINESS PARTNERSHIP INC: Form 990EZ, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
HIGHLANDS BUSINESS PARTNERSHIP INC (EIN 22-3665400)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-12
IRS object ID
202203169349201035
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-11-12T14:13:33-06:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN271728945PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PKF O'CONNOR DAVIES LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line120 COMMERCE DRIVE SUITE 301AddressLine1Txt
CityCRANFORDCityNm
State AbbreviationNJStateAbbreviationCd
ZIP070163618ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223665400EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HIGHLANDS BUSINESS PARTNERSHIP INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlHIGHBusinessNameControlTxt
Phone7322914713PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1140 BAY AVEAddressLine1Txt
CityHIGHLANDSCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07732ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAY COSGROVEPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone7322914713PhoneNum
Signature2022-11-08SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJAYPersonFirstNm
Person LastCOSGROVEPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEDMOND BRADYPreparerPersonNm
PTINP00100199PTIN
Phone9082726200PhoneNum
Preparation2022-11-08PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Website AddressWWW.HIGHLANDSNJ.COMWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$175,740GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$57,175ContributionsGiftsGrantsEtcAmt
Program Service Revenue$118,474ProgramServiceRevenueAmt
Investment Income$91InvestmentIncomeAmt
Total Revenue$175,740TotalRevenueAmt
Grants And Similar Amounts Paid$14,384GrantsAndSimilarAmountsPaidAmt
Salaries Other Comp Empl Bnft$8,174SalariesOtherCompEmplBnftAmt
Fees And Other Pymt To Ind Cntrct$2,601FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$13,519OccupancyRentUtltsAndMaintAmt
Printing Publications Postage$110PrintingPublicationsPostageAmt
Other Expenses Total$82,302OtherExpensesTotalAmt
Total Expenses$121,090TotalExpensesAmt
Excess Or Deficit For Year$54,650ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$45,592NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets-$5,273OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$94,969NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$42,741BOYAmt
EOY$107,500EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$16,361BOYAmt
EOY$12,468EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$59,102BOYAmt
EOY$119,968EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$13,510BOYAmt
EOY$24,999EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$45,592BOYAmt
EOY$94,969EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeHIGHLANDS 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.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomHIGHLANDS 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.DescriptionProgramSrvcAccomTxt
Grants And Allocations$14,384GrantsAndAllocationsAmt
Program Service Expenses$90,924ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$90,924TotalProgramServiceExpensesAmt
Info In Schedule O Part IVYes (X)InfoInScheduleOPartIVInd

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (12 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JAY COSGROVE
PRESIDENT15.00$0$0$0
DOUG LENTZ
VICE PRESIDENT10.00$0$0$0
KIM SLATE
TREASURER15.00$0$0$0
DONICA BASINGER
SECRETARY15.00$0$0$0
CARLA CEFALO
VOLUNTEER ED5.00$0$0$0
DAVID BAKER
MEMBER5.00$0$0$0
LEO CERVANTES
MEMBER5.00$0$0$0
GLORIA MILLER
MEMBER5.00$0$0$0
JAMES D BARKER
MEMBER5.00$0$0$0
NANCY BURTO
MEMBER5.00$0$0$0
FILOMENA ANTONIELLO
MEMBER5.00$0$0$0
CHARLLIE LARUE
MEMBER5.00$0$0$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KIM SLATEBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1140 BAY AVEAddressLine1Txt
CityHIGHLANDSCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07732ZIPCd
FieldValueIRS element (for citing)
Phone7322914713PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$14,850CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$36,700CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$29,550CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$43,101CurrentTaxYearMinus1YearAmt
Current Tax Year$57,175CurrentTaxYearAmt
Total$181,376TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$70,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$70,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$54,750CurrentTaxYearMinus2YearsAmt
Total$194,750TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$84,850CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$106,700CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$84,300CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$43,101CurrentTaxYearMinus1YearAmt
Current Tax Year$57,175CurrentTaxYearAmt
Total$376,126TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$376,126PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$26CurrentTaxYearMinus1YearAmt
Current Tax Year$91CurrentTaxYearAmt
Total$117TotalAmt
FieldValueIRS element (for citing)
Total Support$376,243TotalSupportAmt
Gross Receipts Rltd Activities$153,998GrossReceiptsRltdActivitiesAmt
Public Support CY1700.99970PublicSupportCY170Pct
Public Support PY1700.93590PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOMEDESCRIPTION: INTEREST INCOME. AMOUNT: 91.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: DONATION. GRANTEE NAME: HIGHLANDS SEABRIGHT PBA LOCAL 48. GRANTEE ADDRESS: PO BOX 48 HIGHLANDS, NJ 07732. DATE OF GIFT: 10/26/22. AMOUNT GIVEN: 8,520.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: CHARITABLE CONTRIBUTION. GRANTEE NAME: MULTIPLE. AMOUNT GIVEN: 5,864. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 14,384.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: CONFERENCES, CONVENTIONS, & MEETINGS. AMOUNT: 552. DESCRIPTION: ADVERTISING & PROMOTION. AMOUNT: 19,246. DESCRIPTION: SPONSORED EVENTS. AMOUNT: 42,260. DESCRIPTION: OFFICE EXPENSE. AMOUNT: 6,813. DESCRIPTION: INFORMATION TECHNOLOGY. AMOUNT: 6,282. DESCRIPTION: PAYROLL FEES. AMOUNT: 233. DESCRIPTION: DEPRECIATION. AMOUNT: 2,354. DESCRIPTION: INSURANCE. AMOUNT: 1,659. DESCRIPTION: REPAIRS & MAINTENANCE. AMOUNT: 746. DESCRIPTION: SIGNAGE EXPENSES. AMOUNT: 2,157. TOTAL TO FORM 990-EZ, LINE 16: 82,302.
FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETSDESCRIPTION: OPENING BALANCE ADJUSTMENT. AMOUNT: -5,273.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETSDESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 16,361. END OF YEAR AMOUNT: 12,468.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIESDESCRIPTION: ACCOUNTS PAYABLE & ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 998. END OF YEAR AMOUNT: 0. DESCRIPTION: PAYCHECK PROTECTION PROGRAM LOAN. BEG. OF YEAR AMOUNT: 12,512. END OF YEAR AMOUNT: 24,999.

Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl

FieldValueIRS element (for citing)
DeclarationTHE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.DeclarationDesc

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