NEIGHBORHOOD ASSOCIATION OF MILLBURN TOWNSHIP

EIN: 221500564 501(c)(3)

MILLBURN, NJ

Total Revenue
$376,651
Total Expenses
$365,598
Total Assets
$386,369
Net Assets
$329,645
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1933
Legal Domicile
NJ
Principal Officer
RAFI KRIKORIAN
Phone
9733760739
Tax Period
2022-07-01 to 2023-06-30

NEIGHBORHOOD ASSOCIATION OF MILLBURN TOWNSHIP, founded in 1933, is a small nonprofit that reported $377K in total revenue in fiscal year 2022.

Mission

The Neighborhood Association of Millburn Township, which has existed for over 123 years, provides affordable nursery school education programs to families in the surrounding area. It also includes educational field trips and student enrichment programs in cultural studies, the arts and literature. The association, in conjunction with the Neighborhood House Nursery School, organized a "Giving Tree" whereby the children in the school collected new hats, gloves and mittens to give to children in need this past winter. The children of the Neighborhood House were able to help many boys and girls in Essex County. Finally, we provide partial scholarships to families in need.

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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 (2022)

Revenue Breakdown

Contributions & Grants $65,512
Program Service Revenue $291,216
Investment Income $19,923
Other Revenue $0
TOTAL REVENUE $376,651

Expense Breakdown

Grants Paid $0
Salaries & Benefits $238,351
Fundraising Expenses $5,046
Program Expenses $307,579
Other Expenses $127,247
TOTAL EXPENSES $365,598

Year-over-Year Comparison

2022 2021 Change
Revenue $376,651 $363,149 +0.0%
Expenses $365,598 $265,826 +0.4%
Net Income $11,053 $97,323 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
13
Volunteers
N/A

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
1
$45,000
Total Directors
8
$45,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTIE BABIARZ Executive Direc 40.00
Officer Director
$45,000 $0 $45,000
PAIGE GUEST Trustee 0.00
Director
$0 $0 $0
RAFI KRIKORIAN Treasurer 0.00
Director
$0 $0 $0
KATE KRIKORIAN President 0.00
Director
$0 $0 $0
CATHY ROONEY Secretary 0.00
Director
$0 $0 $0
ELIZABETH VOLLAVANH Trustee 0.00
Director
$0 $0 $0
EMILY MEYEROWITZ Trustee 0.00
Director
$0 $0 $0
DEBORAH SOBELMAN Trustee 0.00
Director
$0 $0 $0
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
2025 No data No data No data No data
2023 $376,651 $365,598 $386,369 $11,053
2022 $363,149 $265,826 $404,193 $97,323
2021 $290,839 $241,908 $316,577 $48,931
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