2025-11-17T14:33:11-06:00 2024-12-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 20 COMMERCE DRIVE SUITE 301 CRANFORD NJ 070163618 990 2024-01-01 223665400 HIGHLANDS BUSINESS PARTNERSHIP INC HIGH 7322914713 140 BAY AVE HIGHLANDS NJ 07732 JAY COSGROVE PRESIDENT 7322914713 2025-11-17 1 1 GARRETT M HIGGINS P00543209 9082726200 2025-11-13 2024 2025-03-06 01:10:19Z JAY COSGROVE 140 BAY AVE HIGHLANDS NJ 07732 254356 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. 10 10 1 30 0 0 53463 59570 181733 189973 82 28 6360 2492 241638 252063 34530 10511 0 0 74434 76402 0 0 0 189825 180188 298789 267101 -57151 -15038 64727 49689 0 0 64727 49689 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 228817 10511 189973 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. 228817 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 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 17 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 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 FILOMENA ANTONIELLO MEMBER 1.00 X 0 0 0 DAVID BAKER MEMBER 1.00 X 0 0 0 JAMES D BARKER MEMBER 1.00 X 0 0 0 NANCY BURTON MEMBER 1.00 X 0 0 0 GLORIA MILLER MEMBER 1.00 X 0 0 0 VALERIE MONTECALVO MEMBER 1.00 X 0 0 0 CARLA CEFALO EXECUTIVE DIRECTOR 10.00 X 0 0 0 0 0 0 0 0 0 0 0 6900 52670 59570 SPECIAL EVENT REVENUE 900099 187111 187111 JOURNAL INCOME 900099 1900 1900 WAY-FINDING INCOME 900099 962 962 189973 28 28 4785 2293 2492 2492 252063 189973 0 2520 10511 10511 68705 68705 7697 7697 5800 5800 30197 30197 9952 9952 6819 6819 12297 12297 3556 3556 1843 1843 SPONSORED EVENTS 100628 100628 REPAIRS AND MAINTENANCE 3472 3472 ADOPT-A-BENCH EXPENSE 2978 2978 SUNSHINE GIFTS GIVEN 1364 1364 1282 1282 267101 228817 38284 0 24256 12774 58693 21778 40471 36915 64727 49689 0 0 X 64727 49689 64727 49689 64727 49689 -15038 0 X 0 0 0 X 43101 57175 88712 49258 59570 297816 43101 57175 88712 49258 59570 297816 17479 280337 26 91 122 82 28 349 2492 2492 300657 726783 0.93240 0.99280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 58693 21778 36915 36915 CARLA CEFALO EXECUTIVE DIRECTOR 13932 PAYMENT TO SHORE GRAFX, A COMPANY OWNED BY CARLA AND HER SPOUSE, FOR WEBSITE DESIGN, DIGITAL MARKETING, AND BROCHURE SERVICES. THE TRANSACTION WAS APPROVED BY THE TREASURER AND BOARD. 0 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.