Nonprofit · EIN 22-2852638
SUMMIT DOWNTOWN INC
Tax-exempt · SUMMIT, NJ 07901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $496,976 | $471,117 | $25,859 | $433,235 | $0 | $433,235 |
| December 31, 2023 | 990 | $518,724 | $460,582 | $58,142 | $407,376 | $0 | $407,376 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $36,215
- of which government grants
- $20,000
- Program service revenue
- $453,381
- Investment income
- $7,382
- Net income from sales of inventory
- -$2
- Other revenue
- -$2
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $104,570
- Other salaries and wages
- $105,682
- Salaries, compensation and benefits (total)
- $242,924
- Professional fundraising fees
- $0
- Accounting fees
- $9,988
- Occupancy
- $25,757
- Program services (functional)
- $362,311
- Management and general (functional)
- $61,983
- Fundraising (functional)
- $46,823
Balance sheet and other
- Total assets, start of year
- $407,376
- Total assets, end of year
- $433,235
- Total liabilities, end of year
- $0
- Net assets, end of year
- $433,235
- Net assets without donor restrictions
- $433,235
- Gross receipts
- $500,276
- Employees
- 4
- Volunteers
- 20
- Year formed
- 1986
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BOB CONWAY | CHAIR Trustee or director, Officer | 5 | $0 |
| KAREN SCHNEIDER | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| RAY MERRITT | SECRETARY Trustee or director, Officer | 2 | $0 |
| BILL ROBB | TREASURER Trustee or director, Officer | 2 | $0 |
| ANTONIETTA LAVECCHIA | TRUSTEE Trustee or director | 2 | $0 |
| KRISTIN SCALIA | TRUSTEE Trustee or director | 2 | $0 |
| ANTHONY MELCHIONNA | TRUSTEE Trustee or director | 2 | $0 |
| LESLIE HERMAN | TRUSTEE Trustee or director | 2 | $0 |
| DAVID BERNAT | TRUSTEE Trustee or director | 2 | $0 |
| BETH WELSH | TRUSTEE Trustee or director | 2 | $0 |
| ELIZABETH FAGAN | TRUSTEE Trustee or director | 2 | $0 |
| KEVIN SMALLWOOD | TRUSTEE Trustee or director | 2 | $0 |
| GREG VARTAN | TRUSTEE Trustee or director | 2 | $0 |
| MICHAEL ROGERS | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BOB CONWAY | CHAIR Trustee or director | 5 | $0 |
| CLAIRE TOTH | TREASURER Trustee or director | 5 | $0 |
| ANTONIETTA LAVECCHIA | TRUSTEE Trustee or director | 2 | $0 |
| KAREN SCHNEIDER | VICE PRESIDENT Trustee or director | 2 | $0 |
| RAY MERRITT | SECRETARY Trustee or director | 2 | $0 |
| NORA RADEST | MAYOR Trustee or director | 2 | $0 |
| GREG VARTAN | COUNCIL PERSON Trustee or director | 2 | $0 |
| MICHAEL ROGERS | COUNCIL PERSON Trustee or director | 2 | $0 |
| DAVID BERNAT | TRUSTEE | 2 | $0 |
| NANCY ADAMS | EMPLOYEE Key employee | 40 | $0 |
| ANTHONY MELCHIONNA | TRUSTEE Trustee or director | 2 | $0 |
| BETH WELSH | TRUSTEE Trustee or director | 2 | $0 |
| LISA ALLEN | COUNCIL PERSON Trustee or director | 2 | $0 |
| LESLIE E HERMAN | TRUSTEE Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 18 BANK ST, SUMMIT, NJ 07901-3659
- Principal officer (990 for 2024)
- ROBERT CONWAY, 10 BANK STREET, SUMMIT, NJ 07901
- Signed the 990
- ROBERT CONWAY, PRESIDENT
- Phone
- (908) 277-6100
- Website
- WWW.SUMMITDOWNTOWN.ORG
- Return prepared by
- JAMES M WOOD CPA
Mission
TO ENCOURAGE THE DEVELOPMENT AND IMPROVEMENT OF THE SUMMIT, NJ BUSINESS COMMUNITY.
Program accomplishments
- COMMUNITY EVENTS, DISTRICT PROMOTION AND PROGRAMS DURING THE YEAR.Expenses $362,311 · revenue $453,379
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2852638
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S300)
- Assets (IRS master file)
- $433,235
- Income (IRS master file)
- $500,276
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $496,976 | $471,117 | $433,235 | XML |
| 990 | December 2023 | $518,724 | $460,582 | $407,376 | XML |
| 990 | December 2022 | $439,678 | $452,933 | $349,234 | IRS |
| 990 | December 2021 | $402,534 | $370,631 | $362,489 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2852638).
Questions about SUMMIT DOWNTOWN INC
- What is the EIN of SUMMIT DOWNTOWN INC?
- The employer identification number (EIN) of SUMMIT DOWNTOWN INC is 22-2852638.
- Is SUMMIT DOWNTOWN INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to SUMMIT DOWNTOWN INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SUMMIT DOWNTOWN INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SUMMIT DOWNTOWN INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SUMMIT DOWNTOWN INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SUMMIT DOWNTOWN INC?
- The 990 for the year ended December 31, 2024 names ROBERT CONWAY.
- Who are the officers and directors of SUMMIT DOWNTOWN INC?
- The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
- How much revenue does SUMMIT DOWNTOWN INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $496,976, expenses of $471,117 and total assets of $433,235 at year end.
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- PRINCETON CLASS OF 1961 FOUNDATION INC EIN 45-3667792 · last filed 990-EZ for 2026
- SUMMIT LIONS FOUNDATION EIN 22-2343623 · last filed 990-N for 2025
- SUMMIT CHINESE AMERICAN ASSOCIATION EIN 81-4542753 · last filed 990-N for 2025
- UNION COUNTY EMPLOYER LEGISLATIVE COMMITTEE EIN 26-2001748 · last filed 990-N for 2023
- WALLACE CHAPEL LOCAL OUTREACH CORPORATION EIN 13-4367891 · last filed 990-N for 2025
All nonprofits in SUMMIT · New Jersey · Community improvement and capacity building