ALLAIRE VILLAGE INC

EIN: 210745896 501(c)(3) Arts, Culture & Humanities

FARMINGDALE, NJ

Total Revenue
$1,087,602
Total Expenses
$1,022,312
Total Assets
$886,190
Net Assets
$739,309
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
NJ
Principal Officer
HANCE M SITKUS CPA
Phone
7329193500
Tax Period
2024-01-01 to 2024-12-31

ALLAIRE VILLAGE INC, founded in 1963, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 6% surplus.

Mission

THE MISSION OF ALLAIRE VILLAGE, INC IS TO ASSIST AND ADVISE THE STATE OF NEW JERSEY IN CERTAIN PHASES OF DEVELOPMENT, RESTORATION, PRESERVATION, INTERPRETATION, AND OPERATION OF THE HISTORIC HOWELL WORKS WITHIN ALLAIRE STATE PARK. TO ACCOMPLISH THIS MISSION, THE CORPORATION SHALL BE KNOWN AS THE HISTORIC VILLAGE AT ALLAIRE. SHALL PROMOTE THE HISTORICAL, AESTHETIC, AND CULTURAL SIGNIGICANCE OF THE HISTORIC HOWELL WORKS BY MEANS OF NEWS MEDIA, EXHIBITS, DISPLAYS, DEMONSTRATIONS, CULTURAL PROGRAMS, TOURS, SEMINARS, CONFERENCES, INTERPRETIVE PROGRAMS, PUBLICATIONS, AND ANY OTHER ACCEPTABLE AND APPROVED MEANS. SHALL REVIEW THE PLANS OF THE STATE AS RELATED TO HISTORIC HOWELL WORKS IN ALLAIRE STATE PARK. SHALL DEVELOP, PRODUCE, AND DISTRIBUTE EDUCATIONAL MATERIAL AND CONDUCT SCHOOL AND PUBLIC EDUCATIONAL TOURS AND PROGRAMS. SHALL MAINTAIN A HISTORICAL LIBRARY DIRECTLY PERTAINING TO THE HISTORIC HOWELL WORKS. SHALL ENCOURAGE AND PARTICIPATE IN THE ACQUISITION, RESTORATION, PRESERVATION,

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $288,313
Program Service Revenue $125,572
Investment Income $30,291
Other Revenue $643,426
TOTAL REVENUE $1,087,602

Expense Breakdown

Grants Paid $0
Salaries & Benefits $618,373
Fundraising Expenses $230,554
Program Expenses $615,398
Other Expenses $403,939
TOTAL EXPENSES $1,022,312

Year-over-Year Comparison

2024 2023 Change
Revenue $1,087,602 $792,310 +0.4%
Expenses $1,022,312 $1,022,991 0.0%
Net Income $65,290 $-230,681 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
41
Volunteers
112

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
8
$206,577
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELLIE EITH CHAIRMAN 1.00
Officer Director
$0 $0 $0
CHARLES A BRISBANE TREASURER 0.50
Officer Director
$0 $0 $0
TOM LAVERTY SECRETARY 0.50
Officer Director
$0 $0 $0
RUSS MCLVER TRUSTEE 0.50
Director
$0 $0 $0
JAYSON BRYANT VICE CHAIRMAN OF THE BOARD 0.50
Director
$0 $0 $0
DARA MCGUINESS TRUSTEE 0.50
Director
$0 $0 $0
HANCE SITKUS EXECUTIVE DIRECTOR 40.00
Director
$106,115 $0 $106,115
DARYL O'CONNELL DIRECTOR OF DEVELOPMENT AN 40.00
Director
$100,462 $0 $100,462
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,087,602 $1,022,312 $886,190 $65,290
2023 $792,310 $1,022,991 $798,746 $-230,681
2022 $1,227,486 $953,327 $1,223,454 $274,159
2021 $718,756 $582,784 $887,137 $135,972
2021 $718,756 $582,784 $887,137 $135,972
2021 $686,279 $534,975 $887,137 $151,304
2020 $466,369 $455,069 $669,700 $11,300
2019 $675,825 $694,098 $668,143 $-18,273
2019 $546,772 $578,539 $693,002 $-31,767
2018 $863,693 $619,437 $664,042 $244,256
2018 $867,843 $612,052 $663,682 $255,791
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