Somerset County Business Partnership Foundation
Donations deductibleRevenue
$763k
year to 31 December 2024
Expenses
$864k
year to 31 December 2024
Total assets
$179k
$527k liabilities
Net assets
Minus $347k
assets less liabilities
Directors and trustees
5
7.2 years on average
Staff
0
35 volunteers
Chair observed
≥5 yrs
Catherine Rickner
Left since last filing
0
no seats appear to have opened
Somerset County Business Partnership Foundation's network
5 people2 organisationsi5 people and 2 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (5). Violet dotted lines (2) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
5 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 50 voting members of its governing body on its latest Form 990 Part VI; we list 5 in Part VII (Part VII does not always name every voting member).| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Catherine Rickner Chair | Immediate Past Chairperson | 2019 | 7 yrs |
| Edward Dolan Chair | Chairperson | 2019 | 7 yrs |
| Audris Francis | Company secretary | 2019 | 7 yrs |
| Chris Zarelli | Vice Chairperson | 2020 | 6 yrs |
| Tom Elliott | Treasurer | 2019 | 7 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
1 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Chris Edwards | President & CEO | since 2019 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Edward Dolan | Chairperson | 2 | $0 | ||
| Chris Zarelli | Vice Chairperson | 2 | $0 | ||
| Audris Francis | Secretary | 2 | $0 | ||
| Tom Elliott | Treasurer | 2 | $0 | ||
| Catherine Rickner | Immediate Past Chairperson | 2 | $0 | ||
| Chris Edwards | President & CEO | 15 | $0 | $145k |
About
- Legal name
- Somerset County Business Partnership Foundation
- EIN
- 223629078
- Address
- 50 Division Street, Somerville, NJ, 08876-2943
- State
- New Jersey
- Mission
- The mission of the Somerset County Business Partnership is to create vibrant connections among our public/private partners, members and business community that will enable us to build a prosperous and sustainable future. (as filed on the Form 990)
- Activity (NTEE)
- S31 Community improvement and capacity building
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Community Improvement & Capacity Building
- Size band
- 4 (IRS master file code)
- Formed
- 2002
- Principal officer
- Chris Edwards (as named on the Form 990)
- IRS ruling date
- 1 January 2000
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 5, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Related organisations (Schedule R)
Longest observed on the filings
≥7years on the filingsCatherine Rickner
≥7years on the filingsEdward Dolan
≥7years on the filingsAudris Francis
≥7years on the filingsTom Elliott
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $179k
- Total liabilities
- $527k
- Net assets or fund balances
- Minus $347k
- Contributions and grants received
- $523k
- Program service revenue
- $232k
- Employees
- 0
- Volunteers
- 35
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $763k | $864k | Deficit $101k |
As filed on the IRS Form 990. US dollars.