Monmouth-Ocean Development Council Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 221858361 ✦ Wall, NJ ✦ Designated as a 501(c)(6)

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Overview

What is Monmouth-Ocean Development Council Inc?

Monmouth-Ocean Development Council Inc is a nonprofit organization situated in Wall, New Jersey. With a modest workforce of three individuals, its primary mission is to promote economic, industrial, professional, and cultural growth in the Monmouth and Ocean County area. They achieve this through a variety of means, including hosting educational luncheons, workshops, and publishing relevant business materials. The council's aim is to maintain a balanced and orderly development in the region, thereby contributing to its overall progress and well-being.


Official website here: www.modc.com

Is Monmouth-Ocean Development Council Inc legitimate?

Monmouth-Ocean Development Council Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Monmouth-Ocean Development Council Inc 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:

Executive Compensation: $80,110
Professional Fundraising Fees: $0
Other Salaries and Wages: $72,759

For more financial information, click here


Official website here: www.modc.com

What is the mission statement of Monmouth-Ocean Development Council Inc?

The Monmouth-Ocean Development Council Inc is committed to promoting the orderly and balanced economic, industrial, professional, and cultural education in its area. This is achieved through various means, including organizing luncheons, workshops, and producing business publications. The council's mission is to foster an environment where all sectors of society can grow and thrive, ensuring a balanced and educated community. By doing so, it contributes to the overall development and progress of the Monmouth and Ocean County area.


Official website here: www.modc.com

Who is the CEO of Monmouth-Ocean Development Council Inc?

Benjamin L Waldron is the Vice President of Monmouth-Ocean Development Council Inc.


Official website here: www.modc.com

What is the revenue of Monmouth-Ocean Development Council Inc?

Monmouth-Ocean Development Council Inc's revenue in 2022 was $254,914.


Official website here: www.modc.com

Who are the executives of Monmouth-Ocean Development Council Inc and what are their salaries?

The average compensation at Monmouth-Ocean Development Council Inc during 2022 was $50,956. There are 3 employees at Monmouth-Ocean Development Council Inc.


Here are 8 key members and their salaries:


Benjamin L Waldron (Vice President)
  • Compensation: $56,166
  • Related: $0
  • Other: $0
Nancy Barone (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Appel (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kayci Clayton (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Reinman (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frances Kirschner (Corporate Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Faugno (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denice Gaffney (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.modc.com

Where can I find the form 990 for Monmouth-Ocean Development Council Inc?

Monmouth-Ocean Development Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.modc.com

Learn more at the official website: www.modc.com

Mission Statement of Monmouth-Ocean Development Council Inc

Monmouth-Ocean Development Council Inc is committed to promoting the orderly and balanced economic, industrial, professional, and cultural growth in the Monmouth and Ocean County area. To achieve this mission, the organization engages in various activities such as conducting informative luncheons, workshops, and publishing relevant business materials. By doing so, Monmouth-Ocean Development Council Inc aims to foster an environment that supports the development and growth of the community in these key sectors, ultimately contributing to a more prosperous and well-rounded region.

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Impact




October, 2024

Monmouth-Ocean Development Council Inc plays a significant role in fostering economic and cultural growth in the Monmouth and Ocean County area. By organizing luncheons, workshops, and producing business publications, the Council creates platforms for collaboration and education among local professionals and industries. This initiative promotes a balanced development approach, ensuring that economic, industrial, and cultural aspects are harmonized for sustained community improvement. Its focus on professional education not only equips individuals with essential skills but also strengthens the regional economy by supporting local businesses and industries. Overall, the Council contributes to a vibrant and interconnected community, enhancing the quality of life for residents in the area.




This information is meant to be a general summary of Monmouth-Ocean Development Council Inc. 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.

Revenue
$254,914 (2022)
Expenses
$254,030 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $147
  • Program Service Revenue: $143,255
  • Gross Receipts: $300,366

Assets and Liabilities:

  • Total Assets: $138,964
  • Total Liabilities: $15,196
  • Net Assets: $123,768

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MONTHLY LUNCHEONS

Revenue

$37,490

WORKSHOPS

Revenue

$3,095

MEMBERSHIP FEES

Revenue

$80,115

NETWORKING EVENTS

Revenue

$11,555

SOCIAL MEDIA/WEBSITE

Revenue

$11,000

Organization Details

Founding Year

1970

Principal Officer

Benjamin L Waldron

Main Address

4814 OUTLOOK DRIVE STE 102, WALL, NJ, 07753

NTEE Category

Code: S30 - Community improvement

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