Overview
What is Toms River Business Development Corporation?
Toms River Business Development Corporation, with its headquarters at 53 Main Street, Toms River, New Jersey, is a nonprofit organization dedicated to boosting the economic vitality of the downtown Toms River Business District. Established as a result of an addition to the Township of Toms River's Code, it was designated as a Special Improvement District and a District Management Corporation was established. The organization's primary role involves marketing, public relations, business assistance, and promoting the Toms River Business Improvement District. Its mission is to enrich the economic viability of the district, attracting more businesses and stimulating growth within the area. With a team of 6 employees, Toms River Business Development Corporation is committed to uplifting the local economy and fostering a thriving business environment.
Official website here: www.downtowntomsriver.com
What do the Facebook reviews say about Toms River Business Development Corporation?
92% of 39 reviewers on Facebook recommend the Toms River Business Development Corporation. Here’s a summary of their insights:
Many participants praise the engaging community events organized by the nonprofit, particularly highlighting the street fairs and car shows. These events are appreciated for bringing people together and fostering a sense of community, demonstrating the organization's commitment to enhancing local engagement and support for businesses.
Overall, the sentiment reflects that the nonprofit effectively creates enjoyable experiences for residents, contributing positively to the local atmosphere while promoting economic development.
This AI summary has been generated from reviews found on Facebook.
Is Toms River Business Development Corporation legitimate?
Toms River Business Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Toms River Business Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $205,555
For more financial information, click here
Official website here: www.downtowntomsriver.com
What is the mission statement of Toms River Business Development Corporation?
The Toms River Business Development Corporation was established with a mission to enhance the economic viability of its business district. This organization achieves this goal through various activities, including marketing, public relations, business assistance, and promotion of the business improvement district. The corporation was established as a result of a supplement to the township's code, adding Chapter 440, which designated a special improvement district and established a district management corporation.
Official website here: www.downtowntomsriver.com
Who is the CEO of Toms River Business Development Corporation?
Lee Pelton is the Vice Chairma of Toms River Business Development Corporation.
Official website here: www.downtowntomsriver.com
What is the revenue of Toms River Business Development Corporation?
Toms River Business Development Corporation's revenue in 2022 was $438,450.
Official website here: www.downtowntomsriver.com
Who are the executives of Toms River Business Development Corporation and what are their salaries?
The average compensation at Toms River Business Development Corporation during 2022 was $34,259. There are 6 employees at Toms River Business Development Corporation.
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Official website here: www.downtowntomsriver.com
Where can I find the form 990 for Toms River Business Development Corporation?
Toms River Business Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downtowntomsriver.com
Learn more at the official website: www.downtowntomsriver.com
Mission Statement of Toms River Business Development Corporation
The Toms River Business Development Corporation, established through a supplement to the Township of Toms River's code, is primarily committed to enhancing the economic viability of its local business district. This organization was brought into existence by the addition of Chapter 440, which designated a Special Improvement District and established a District Management Corporation. In fulfilling its mission, the Toms River Business Development Corporation engages in various activities, including marketing, public relations, business assistance, and promotion of the Toms River Business Improvement District. These efforts aim to boost the economic vitality of the business district, ultimately contributing to the overall prosperity of the community.
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Impact
October, 2024
Toms River Business Development Corporation plays a pivotal role in enhancing the economic viability of the downtown Toms River business district. By focusing on marketing, public relations, business assistance, and promotional activities, the organization drives growth and revitalization within the area. Established under a supplement to the Code of the Township of Toms River, it operates within a designated Special Improvement District, making targeted efforts to improve the local business climate.
The corporation's activities support local entrepreneurs and attract new businesses, fostering a vibrant community atmosphere. Their initiatives not only enhance visibility for existing businesses but also contribute to an overall sense of community pride and engagement. Through strategic promotional efforts, Toms River Business Development Corporation encourages residents and visitors to frequent the downtown area, further stimulating the local economy. The organization serves as a critical resource, connecting businesses with the tools and support they need to thrive in a competitive environment.
This information is meant to be a general summary of Toms River Business Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $979
- Program Service Revenue: $416,067
- Gross Receipts: $438,450
Assets and Liabilities:
- Total Assets: $812,700
- Total Liabilities: $484,391
- Net Assets: $328,309
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TAX ASSESSMENT REVENUE
Revenue
$286,000
DOWNTOWN EVENTS
Revenue
$130,067
Organization Details
Founding Year
2002
Phone
(732) 341-8738Principal Officer
Lee Pelton
Main Address
53 MAIN STREET, TOMS RIVER, NJ, 08753
Website
www.downtowntomsriver.comNTEE Category
Code: S20 - Community improvement
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