Nonprofit · EIN 22-2938952
NORWESCAP HOLDING COMPANY INC
Tax-exempt · PHILLIPSBURG, NJ 08865
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $0 | $51,168 | -$51,168 | $690,209 | $220,259 | $469,950 |
| August 31, 2024 | 990 | $0 | $49,564 | -$49,564 | $604,018 | $82,900 | $521,118 |
| August 31, 2023 | 990 | $0 | $49,564 | -$49,564 | $653,582 | $82,900 | $570,682 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $51,168
- Program services (functional)
- $51,168
Balance sheet and other
- Total assets, start of year
- $604,018
- Total assets, end of year
- $690,209
- Total liabilities, end of year
- $220,259
- Net assets, end of year
- $469,950
- Land, buildings and equipment
- $690,209
- Net assets without donor restrictions
- $469,950
- Gross receipts
- $0
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1989
- 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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARK VALLI | CHIEF EXECUTIVE OFFICER Officer | 1 | $0 | $201,742 | $24,400 |
| EDMUND KHANOO | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $189,629 | $15,056 |
| ELYCIA LERMAN | BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMES BUEHLER | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| AILEEN ARSENAULT | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended August 31, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARK VALLI | CHIEF EXECUTIVE OFFICER Officer | 1 | $0 | $190,544 | $32,965 |
| EDMUND KHANOO | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $181,423 | $14,226 |
| RICHARD CONLEY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ELYCIA LERMAN | BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMES BUEHLER | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| AILEEN ARSENAULT | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended August 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| EDMUND KHANOO | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $175,252 | $15,160 |
| MARK VALLI | CHIEF EXECUTIVE OFFICER Officer | 1 | $0 | $165,920 | $22,851 |
| RICHARD CONLEY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ELYCIA LERMAN | BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMES BUEHLER | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| AILEEN ARSENAULT | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 350 MARSHALL ST, PHILLIPSBURG, NJ 08865-3273
- Mailing address (990-N for 2016)
- 350 Marshall Street, Phillipsburg NJ 08865
- Principal officer (990 for 2024)
- MARK VALLI, 350 MARSHALL STREET, PHILLIPSBURG, NJ 08865
- Principal officer (990-N for 2016)
- TERRY NEWHARD, 350 Marshall Street, Phillipsburg NJ 08865
- Signed the 990
- MARK VALLI, CHIEF EXECUTIVE OFFICER
- Phone
- (908) 454-7000
- Website
- WWW.NORWESCAP.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
NORWESCAP HOLDING COMPANY HOLDS TITLE TO REAL ESTATE FOR NORWESCAP, A 501(C)(3) CORPORATION.
Program accomplishments
- NORWESCAP HOLDING COMPANY HOLDS TITLE TO REAL ESTATE FOR NORWESCAP, A 501 (C)(3) CORPORATION AT 350 MARSHALL STREET, PHILLIPSBURG, NJ AND 406 WILLIS AVENUE, STANHOPE, NJ.Expenses $51,168
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 22-2938952
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 1989
- Accounting year ends
- August
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S50Z)
- Assets (IRS master file)
- $690,209
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $0 | $51,168 | $690,209 | XML |
| 990 | August 2024 | $0 | $49,564 | $604,018 | XML |
| 990 | August 2023 | $0 | $49,564 | $653,582 | XML |
| 990 | August 2022 | $0 | $45,470 | $703,146 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: TERRY NEWHARD | August 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
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 22-2938952).
Questions about NORWESCAP HOLDING COMPANY INC
- What is the EIN of NORWESCAP HOLDING COMPANY INC?
- The employer identification number (EIN) of NORWESCAP HOLDING COMPANY INC is 22-2938952.
- Is NORWESCAP HOLDING COMPANY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 1989.
- Are donations to NORWESCAP HOLDING COMPANY INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NORWESCAP HOLDING COMPANY INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of NORWESCAP HOLDING COMPANY INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORWESCAP HOLDING COMPANY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of NORWESCAP HOLDING COMPANY INC?
- The 990 for the year ended August 31, 2025 names MARK VALLI.
- Who are the officers and directors of NORWESCAP HOLDING COMPANY INC?
- The 990 for the year ended August 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does NORWESCAP HOLDING COMPANY INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $0, expenses of $51,168 and total assets of $690,209 at year end.
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