MEADOWLANDS REGIONAL 2040 FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

MEADOWLANDS REGIONAL 2040 FOUNDATION INC

EIN 46-3764687 · Professional Societies & Associations - Education (B03)

What they do

BY STRENGTHENING THE WORKFORCE and IMPROVING THE OVERALL QUALITY of LIFE for THE MEADOWLANDS COMMUNITY. THE FOUNDATION TRUSTEES HAVE IDENTIFIED EDUCATIONAL OUTREACH AS KEY to ITS MISSION. THE 2040 FOUNDATION WILL HELP PROMOTE AWARENESS and PROVIDE PROGRAMMING of ECONOMIC DEVELOPMENT, WORKFORCE DEVELOPMENT, LEADERSHIP and ENTREPRENEURSHIP PROGRAMS to ENSURE THAT OUR REGION MAINTAINS A HIGH STANDARD of HUMAN CAPITAL and ALSO INNOVATES to MEET THE NEEDS of GROWING BUSINESSES. THE FOUNDATION is COMPRISED of BUSIONESS LEADERS THAT HAVE DEEP ROOTS IN THE REGION and A STRONG COMMITMENT to IMPROVING THE AREA for THOSE THAT LIVE and WORK HERE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $48.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders13 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

31.35%of revenue went to mission work48.0% of expenses · Program services

$65.25spent for every $100 of revenueRevenue covered expenses this year.

33.90%of revenue went to management and office costs52.0% of expenses

$4.79in assets for every $1 spent this yearSome assets cannot be spent right away.

21.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $8,740 for JAMES KIRKOS (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$176,913

Mission workProgram services$55,46031.35% of revenue48.0% of expenses

ManagementOffice and general costs$59,97033.90% of revenue52.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$61,48334.75% of revenueShown in gray on the chart

Total expenses$115,43065.25% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 48.0% mission · 52.0% management · 0.0% fundraisingTotal expenses: 65.25% of revenue

2023Expense mix: 80.8% mission · 19.2% management · 0.0% fundraisingTotal expenses: 43.48% of revenue

2022Expense mix: 75.2% mission · 24.8% management · 0.0% fundraisingTotal expenses: 77.82% of revenue

2021Expense mix: 86.0% mission · 14.0% management · 0.0% fundraisingTotal expenses: 54.54% of revenue

2020Expense mix: 62.3% mission · 37.7% management · 0.0% fundraisingTotal expenses: 89.13% of revenue

2019Expense mix: 69.5% mission · 30.5% management · 0.0% fundraisingTotal expenses: 225.79% of revenue

2018Expense mix: 77.3% mission · 22.7% management · 0.0% fundraisingTotal expenses: 25.94% of revenue

2017Expense mix: 25.7% mission · 0.0% management · 0.0% fundraisingTotal expenses: 49.07% of revenue

Money in and money out

Revenue$176,913

Expenses$115,430

Annual surplus $61,483 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$55,460 · 48.0% of expenses

Management and office costs$59,970 · 52.0% of expenses

See all reported dollar amounts

Revenue$176,913

Expenses$115,430

Assets$553,018

Income$176,913

Contributions$37,500

Mission work (program services)$55,460

Grants given$125,000

Average grant$125,000

Management and general$59,970

Accounting fees$3,142

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JAMES KIRKOSPRESIDENT & CEO · 2 hrs/week $8,740Base · Other $8,740

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (13)

JAMES KIRKOSPRESIDENT & CEO

ALEX KLATSKINTRUSTEE

AMY HERBOLDTRUSTEE

ANGELO GENOVATRUSTEE

ANTHONY SCARDINOTRUSTEE

BILL HANSONVICE CHAIR

DEBRA TANTLEFTRUSTEE

EDWARD RUSSOTRUSTEE

J FLETCHER CREAMER JRCHAIR

JOHN SARACENOTRUSTEE

MARK SPARTATRUSTEE

PETER UNANUETRUSTEE

RICHARD BRANCATREAS & SEC

About this charity

Recognized since: January 2014
Location: 1099 WALL ST W STE 100, LYNDHURST, NJ 07071-3617
County: Bergen
In care of: % JAMES KIRKOS
Primary officer: JAMES KIRKOS, President & CEO

How to reach them

WebsiteVisit the charity’s website Phone(201) 939-0707

Filing and classification

Latest tax year: 2024
Tax period began: November 1, 2024
Return type: 990
Tax preparer: MCINTEE FUSARO DEL CORRAL LLC
NTEE classification: Professional Societies & Associations - Education (B03)
IRS tax category: Professional Societies & Associations
Grant-giving organization: Yes