LIBERTY STATE PARK FOR ALL A NJ NONPROFIT CORPORATION

EIN: 851726968

JERSEY CITY, NJ

Total Revenue
$375,000
Total Expenses
$295,159
Total Assets
$79,841
Net Assets
$79,841
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
NJ
Principal Officer
ARNOLD STOVELL
Phone
9735857727
Tax Period
2020-07-01 to 2020-12-31

LIBERTY STATE PARK FOR ALL A NJ NONPROFIT CORPORATION, founded in 2020, is a small nonprofit that reported $375K in total revenue in fiscal year 2020. The organization ran a surplus of $80K, a strong 21% operating margin.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY TO SERVE NOT-FOR-PROFIT SOCIAL WELFARE PURPOSES WITHIN THE MEANING AND SCOPE OF INTERNAL REVENUE CODE SECTION 501(C)(4). THE NET EARNINGS OF THE CORPORATION SHALL BE DEVOTED EXCLUSIVELY TO CHARITABLE, EDUCATIONAL, OR RECREATIONAL PURPOSES, INCLUDING TO ADVOCATE FOR INCLUSIVE USE OF LIBERTY STATE PARK BY ALL PEOPLES IN A MANNER THAT BENEFITS THE COMMON GOOD AND GENERAL WELFARE. THE CORPORATION SHALL HAVE NO MEMBERS OR SHAREHOLDERS, AND NO PART OF THE CORPORATION'S NET EARNINGS MAY INURE TO THE BENEFIT OF ANY PRIVATE INDIVIDUAL.

Program Service Accomplishments

Program 1
Expenses: $292,976 Revenue: $375,000

EDUCATING THE PUBLIC, IN PARTICULAR THE JERSEY CITY COMMUNITY, THROUGH PUBLIC SPEAKING AND PUBLISHED ARTICLES, REGARDING THE POTENTIAL BENEFITS OF COMMUNITY ACCESS TO LIBERTY STATE PARK;INVOLVEMENT...

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EDUCATING THE PUBLIC, IN PARTICULAR THE JERSEY CITY COMMUNITY, THROUGH PUBLIC SPEAKING AND PUBLISHED ARTICLES, REGARDING THE POTENTIAL BENEFITS OF COMMUNITY ACCESS TO LIBERTY STATE PARK;INVOLVEMENT IN PUBLIC DISCOURSE/EVENTS WITH ENVIRONMENTAL REGULATORS REGARDING WAYS TO IMPROVE CONDITION OF, AND PUBLIC ACCESS TO, LIBERTY STATE PARK; ADVOCATING FOR COMMUNITY CONCERNS AND ENGAGING PUBLIC OFFICIALS ON INCLUSION OF COMMUNITY CONCERNS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $375,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $375,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $33,307
Fundraising Expenses $0
Program Expenses $292,976
Other Expenses $261,852
TOTAL EXPENSES $295,159

Year-over-Year Comparison

2020 2019 Change
Revenue $375,000 N/A N/A
Expenses $295,159 N/A N/A
Net Income $79,841 N/A N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
2
Employees
1
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
1
$35,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARNOLD STOVELL EXECUTIVE DIRECTOR 10.00
Director
$35,000 $0 $35,000
KIM B GREENE BOARD CHAIRMAN 3.00
Officer
$0 $0 $0
JAMAAL JOHNSON MEMBER 1.50
Officer
$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
2020 $375,000 $295,159 $79,841 $79,841
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