2015-11-16T12:57:48-06:00 2014-12-31 113518842 MARKS PANETH LLP 1719 ROUTE 10 EAST SUITE 102 PARSIPPANY NJ 07054 990 2014-01-01 223307187 MORRISTOWN PARTNERS INC T/A MORRISTOWN PARTNERSHIP MORR 9734551133 14 MAPLE AVENUE NO 201 MORRISTOWN NJ 079605451 MICHAEL FABRIZIO EXECUTIVE DIRECTOR 9734551133 2015-11-06 1 SPENCER V WISSINGER CPA P00642156 9732671400 2014 2016-04-25 22:37:26Z MICHAEL FABRIZIO 44 MARKET STREET MORRISTOWN NJ 07960 1052482 0 X WWW.MORRISTOWN-NJ.ORG X 1994 NJ TO PROMOTE ECONOMIC GROWTH AND REVITALIZATION, ENHANCE COMMERCIAL VISIBILITY AND ATTRACTIVENESS, FOSTER AND ENCOURAGE SELF-HELP PROGRAMS TO ENHANCE THE LOCAL BUSINESS CLIMATE, PROVIDE ADMINISTRATIVE AND OTHER SERVICES TO BENEFIT BUSINESS, EMPLOYEES, RESIDENTS AND CONSUMERS AND PROMOTE AND PRESERVE THE CULTURAL, HISTORIC, TOURISTIC AND CIVIC INTERESTS OF THE TOWN OF MORRISTOWN AND ITS SPECIAL IMPROVEMENT DISTRICT. 18 18 4 50 0 0 627629 635001 0 0 0 0 143478 192161 771107 827162 0 0 0 0 332418 294719 0 0 0 503698 469479 836116 764198 -65009 62964 777278 730480 901211 791449 -123933 -60969 TO PROMOTE ECONOMIC GROWTH AND REVITALIZATION, ENHANCE COMMERCIAL VISIBILITY AND ATTRACTIVENESS OF THE LOCAL BUSINESS CLIMATE AND ENCOURAGE SELF-HELP PROGRAMS IN THE TOWN OF MORRISTOWN. 0 0 601345 0 REVITALIZATION OF MORRISTOWN THROUGH PAVING AND CLEANING STREETS, LANDSCAPE IMPROVEMENTS, VALIDATED PARKING STAMP PROGRAM, BUSINESS RECRUITMENT, AND PROMOTIONAL NEWSLETTERS. 601345 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 4 1 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 1 1 0 NJ X THE ORGANIZATION 9734551133 14 MAPLE AVENUE SUITE 201 MORRISTOWN NJ 079605451 PHILIP DEL GIUDICE CHAIRMAN 0.00 X X 0 0 0 MICHAEL FABRIZIO EXECUTIVE DIRECTOR 40.00 X X 121902 0 32505 WILLIAM BRAUNSCHWEIGER VICE CHAIRMAN 0.00 X X 0 0 0 DOUGLAS TODD TRUSTEE 0.00 X 0 0 0 JIM MONGEY TRUSTEE 0.00 X 0 0 0 RYAN DAWSON TRUSTEE 0.00 X 0 0 0 ALLEN KOPELSON TRUSTEE 0.00 X 0 0 0 MATTHEW O'DONNELL ESQ TREASURER 0.00 X X 0 0 0 STACEY SCHLOSSER TRUSTEE 0.00 X 0 0 0 RYAN MAROWITZ TRUSTEE 0.00 X 0 0 0 BIAGIO SCOTTO TRUSTEE 0.00 X 0 0 0 DICK TIGHE TRUSTEE 0.00 X 0 0 0 PDAVID ZIMMERMAN TRUSTEE 0.00 X 0 0 0 PETER O'HAGAN SECRETARY 0.00 X X 0 0 0 ALISON DEEB TRUSTEE 0.00 X 0 0 0 JEFF RAWDING TRUSTEE 0.00 X 0 0 0 RICH SMITH TRUSTEE 0.00 X 0 0 0 FRANK VITOLO TRUSTEE 0.00 X 0 0 0 121902 0 32505 1 0 1 0 0 616927 18074 635001 290623 225320 65303 65303 GIFT CERTIFICATES SALE 900099 126858 126858 126858 827162 0 0 192161 154407 118894 35513 111947 75503 36444 9360 8424 936 19005 13765 5240 9245 9245 12000 12000 21228 21228 55705 40344 15361 43862 39006 4856 6741 6741 100046 70561 29485 13854 10035 3819 COMMUNITY AND GOV'T REL 143800 143800 STREETSCAPE 51344 51344 UTILITIES 11654 8441 3213 764198 601345 162853 0 98933 70280 13302 23532 6471 7191 1433538 804061 658572 629477 0 777278 730480 151767 203582 749444 587867 901211 791449 X -123933 -60969 -123933 -60969 777278 730480 62964 0 X X 0 1 X 1 0 X 1138992 1026080 973431 1006203 1052482 5197188 1138992 1026080 973431 1006203 1052482 5197188 5197188 5197188 1.00000 0.98630 X 1355835 734585 621250 60782 57945 2837 16921 11531 5390 629477 X 872146 44984 44984 827162 0 827162 809182 44984 44984 764198 0 764198 PART X, LINE 2: THE ORGANIZATION HAD CURRENT LIABILITIES WHICH EXCEED ITS CURRENT ASSETS BY $157,287 AND A NET DEFICIENCY IN ASSETS OF $60,969 AT DECEMBER 31, 2014. MANAGEMENT'S PLANS FOR THE ORGANIZATION TO CONTINUE AS A GOING CONCERN INCLUDE RAISING ADDITIONAL FUNDING AND OTHER STRATEGIES DESIGNED TO OPTIMIZE AND INCREASE NET ASSETS. MANAGEMENT OF THE ORGANIZATION ALSO INTENDS TO CONTINUE ITS EFFORT TO CUT COSTS AND EXPENSES. CHRISTMAS FESTIVAL 92497 92497 92624 FALL FESTIVAL 128761 128761 95313 2 69365 69365 37383 290623 290623 225320 225320 65303 1 PART I, LINE 2: THE BOARD OF TRUSTEES MONITORS THE USE OF GRANT FUNDS THROUGH REQUIRED REPORTS. X X X 0 0 0 0 0 0 0 0 0 MICHAEL FABRIZIO EXECUTIVE DIRECTOR 121902 0 0 0 0 0 0 0 32505 0 154407 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 EXECUTIVE DIRECTOR AND TREASURER REVIEW A DRAFT OF THE FORM 990 PRIOR TO FILING. THE FINAL VERSION OF THE FORM 990 IS DISTRIBUTED TO THE ENTIRE BOARD, MORRISTOWN TOWN COUNCIL AND MAYOR AND THE NEW JERSEY DEPARTMENT OF COMMUNITY AFFAIRS. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMMITTEE REVIEWS EMPLOYEE COMPENSATION AND MAKES RECOMMENDATIONS TO THE ENTIRE BOARD. THE COMMITTEE ALSO REVIEWS ANY EMPLOYMENT CONTRACTS. FORM 990, PART VI, SECTION C, LINE 18 COPIES OF THE FINANCIAL STATEMENTS OF THE ORGANIZATION AND THE FORM 990 ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS OF THE ORGANIZATION AND FORM 990 ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSIGHT OF THE AUDIT OF FINANCIAL STATEMENTS AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM PRIOR YEAR.