THE BUSINESS AND EDUCATION FOUNDATION OF MORRIS COUNTY INC

EIN: 222493637 501(c)(3)

FLORHAM PARK, NJ

Total Revenue
$1
Total Expenses
$1,050
Total Assets
$8,847
Net Assets
$8,847
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
NJ
Principal Officer
MEGHAN HUNSCHER PRESIDENT
Phone
9735393882
Tax Period
2021-01-01 to 2021-12-31

THE BUSINESS AND EDUCATION FOUNDATION OF MORRIS COUNTY INC, founded in 1983, is a micro nonprofit that reported $1 in total revenue in fiscal year 2021. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $1K exceeded revenue, resulting in a 104900% operating deficit.

Mission

EDUCATION: BUSINESS EDUCATION IS THE CHARITABLE PURPOSE OF THE ORGANIZATION. ITS MISSION IS TO UNITE BUSINESS AND EDUCATION IN DYNAMIC AND EFFECTIVE EDUCATION PROGRAMS THAT CREATE A MORE WORK-READY POPULATION.

Program Service Accomplishments

Program 1

MAJOR PROGRAMS AND CHARITABLE PURPOSE OF EACH PROGRAM-A) UNDERSTANDING AMERICAN BUSINESS-EDUCATION-PROGRAM NOT ACTIVE IN 2017 CURRICULUM AND PROGRAM METHODS BEING UPDATED, B) CHILDREN'S FINANCIAL...

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MAJOR PROGRAMS AND CHARITABLE PURPOSE OF EACH PROGRAM-A) UNDERSTANDING AMERICAN BUSINESS-EDUCATION-PROGRAM NOT ACTIVE IN 2017 CURRICULUM AND PROGRAM METHODS BEING UPDATED, B) CHILDREN'S FINANCIAL LITERACY-EDUCATION- PROGRAM NOT ACTIVE IN 2017, C) BUSINESS SEMINARS-EDUCATION -PROGRAM EXISTS BUT NOT IMPLEMENTED EVERY YEAR-NOT ACTIVE IN 2017. UNDERSTANDING AMERICAN BUSINESS-THE ORGANIZATION PROVIDES VARIOUS EDUCATIONAL PROGRAMS THAT ARE DESIGNED AND RELATED TO GIVING HIGH SCHOOL STUDENTS A COMPREHENSIVE OVERVIEW OF THE BUSINESS ENVIRONMENT TO THE TRAINING OF EDUCATORS IN NEW METHODS AND TECHNOLOGIES THAT WILL ASSIST SUCH EDUCATORS IN TEACHING THEIR STUDENTS IN THE CURRENT AND EXPECTED FUTURE BUSINESS CLIMATE.(SEE ADDITIONAL INFORMATION ON SCHEDULE O) THE PROGRAM CURRICULUM AND METHODS OF DELIVERING THE PROGRAM BENEFITS ARE BEING UPDATED AND ENHANCED IN CONJUCTION WITH A WORLDWIDE PUBLIC ACCOUNTING FIRM.THE CHILDREN'S FINANCIAL LITERACY PROGRAM-THE PROGRAM ADDRESSES THE FINANCIAL LITERACY AT THE ELEMENTARY/MIDDLE SCHOOL LEVEL. THE PROGRAM TEACHES THE BASICS OF MONEY, BANKING, FINANCE, AND ECONOMICS IN EVERYDAY USE. THROUGH THE USE OF BOOKS, LEARNING GUIDES, ETC., THE CHILDREN LEARN ABOUT MONEY AND FINANCE IN AN INTERACTIVE ENVIRONMENT USING ALL OF THESE METHODS.BUSINESS SEMINARS-THE BUSINESS SEMINARS ALLOW THE SUBSCRIBING BUSINESSES AN OPPORTUNITY TO PROMOTE THE BUSINESS ACUMEN OF STUDENT PARTICIPANTS AS WELL AS EXPOSURE TO BUSINESS IN MORRIS COUNTY FROM WHICH THEY MAY DRAW FUTURE EMPLOYEES AND CURRENT CUSTOMERS.THE FORUMS ARE HELD FOR ALL MEMBERS OF THE COMMUNITY WITH SPEAKERS DISCUSSING A VARIEY OF EDUCATIONAL TOPICS. THE ORGANIZATION ALSO SPONSORS BUSINESS SEMINARS AND BUSINESS MENTORING PROGRAMS WHICH PROMOTE ITS MISSION OF EDUCATION.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1
Other Revenue $0
TOTAL REVENUE $1

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,050
TOTAL EXPENSES $1,050

Year-over-Year Comparison

2021 2020 Change
Revenue $1 $2,751 -1.0%
Expenses $1,050 $2,800 -0.6%
Net Income $-1,049 $-49 +20.4%
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
3
Independent Members
1
Employees
N/A
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEGHAN HUNSCHER PRESIDENT-AS N/A
Officer Director
$0 $0 $0
THOMAS LYONS TRUSTEE-AS R N/A
Director
$0 $0 $0
DINA M O'KEEFE CFO-AS REQ'D N/A
Officer 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
2021 $1 $1,050 $8,847 $-1,049
2020 $2,751 $2,800 $9,896 $-49
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