MEADOWLANDS REGIONAL 2040 FOUNDATION INC

EIN: 463764687 501(c)(3) Education

LYNDHURST, NJ

Total Revenue
$176,913
Total Expenses
$115,430
Total Assets
$553,018
Net Assets
$553,018
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NJ
Principal Officer
JAMES KIRKOS
Phone
2019390707
Tax Period
2024-11-01 to 2025-10-31

MEADOWLANDS REGIONAL 2040 FOUNDATION INC, founded in 2013, is a small nonprofit in the Education sector that reported $177K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $61K, a strong 35% operating margin.

Mission

BY STRENGTHENING THE WORKFORCE AND IMPROVING THE OVERALL QUALITY OF LIFE FOR THE MEADOWLANDS COMMUNITY. THE FOUNDATION TRUSTEES HAVE IDENTIFIED EDUCATIONAL OUTREACH AS KEY TO ITS MISSION. THE 2040 FOUNDATION WILL HELP PROMOTE AWARENESS AND PROVIDE PROGRAMMING OF ECONOMIC DEVELOPMENT, WORKFORCE DEVELOPMENT, LEADERSHIP AND ENTREPRENEURSHIP PROGRAMS TO ENSURE THAT OUR REGION MAINTAINS A HIGH STANDARD OF HUMAN CAPITAL AND ALSO INNOVATES TO MEET THE NEEDS OF GROWING BUSINESSES. THE FOUNDATION IS COMPRISED OF BUSIONESS LEADERS THAT HAVE DEEP ROOTS IN THE REGION AND A STRONG COMMITMENT TO IMPROVING THE AREA FOR THOSE THAT LIVE AND WORK HERE.

Program Service Accomplishments

Program 1
Expenses: $55,460

ECONOMIC DEVELOPMENT AND RELOCATION RESOURCE GUIDE ADVERTISEMENTS AND PUBLICATIONS HIGHLIGHT ALL OF THE ATTRIBUTES OF THE REGION AND THE COMMUNITIES THAT MAKE UP THE MEADOWLANDS. IT IS AIMED AT...

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ECONOMIC DEVELOPMENT AND RELOCATION RESOURCE GUIDE ADVERTISEMENTS AND PUBLICATIONS HIGHLIGHT ALL OF THE ATTRIBUTES OF THE REGION AND THE COMMUNITIES THAT MAKE UP THE MEADOWLANDS. IT IS AIMED AT CORPORATE SITE SELECTORS AND BUSINESSES PROSPECTIVELY LOOKING AT RELOCATING HERE, PROVIDING ALL PERTINENT MUNICIPAL, WORKFORCE, EDUCATION AND BUSINESS RESOURCES THAT ARE AVAILABLE.

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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 $37,500
Program Service Revenue $124,191
Investment Income $15,222
Other Revenue $0
TOTAL REVENUE $176,913

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $55,460
Other Expenses $115,430
TOTAL EXPENSES $115,430

Year-over-Year Comparison

2024 2023 Change
Revenue $176,913 $253,386 -0.3%
Expenses $115,430 $110,167 +0.0%
Net Income $61,483 $143,219 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
5

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
4
$260,177
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES KIRKOS President & CEO 2.00
Officer
$0 $8,740 $260,177
J FLETCHER CREAMER JR CHAIR 0.50
Officer Director
$0 $0 $0
BILL HANSON VICE CHAIR 0.50
Officer Director
$0 $0 $0
RICHARD BRANCA TREAS & SEC 0.50
Officer Director
$0 $0 $0
ANGELO GENOVA Trustee 0.50
Director
$0 $0 $0
ANTHONY SCARDINO Trustee 0.50
Director
$0 $0 $0
PETER UNANUE Trustee 0.50
Director
$0 $0 $0
ALEX KLATSKIN Trustee 0.50
Director
$0 $0 $0
EDWARD RUSSO Trustee 0.50
Director
$0 $0 $0
AMY HERBOLD Trustee 0.50
Director
$0 $0 $0
JOHN SARACENO Trustee 0.50
Director
$0 $0 $0
DEBRA TANTLEF Trustee 0.50
Director
$0 $0 $0
MARK SPARTA Trustee 0.50
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 $176,913 $115,430 $553,018 $61,483
2024 $253,386 $110,167 $491,535 $143,219
2023 $129,904 $101,092 $348,316 $28,812
2022 $192,180 $104,820 $319,504 $87,360
2021 $185,658 $165,469 $232,144 $20,189
2020 $107,841 $243,489 $214,455 $-135,648
2019 $219,306 $56,886 $350,103 $162,420
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