Residents of Mount Olive are rallying around the families of the two teenage boys who fell through the ice into Budd Lake on Monday night.

A makeshift memorial for two teenage boys who fell through ice on Budd Lake (Facebook)

At a Tuesday press conference, Mount Olive Mayor Rob Greenbaum said of the families of both boys  “The entire community grieves with them." Dozens of friends and family of the two boys gathered at a makeshift memorial at the Budd Lake Chapel through tears reports the Bergen Record.

The boys have been identified by family on social media and in other media reports as Clyde Schimanski III and Nick Ciancotto although the Morris County Prosecutors Office has not named either boy.

Many residents came to Budd Lake during the recovery effort on Tuesday inclulding Melissa J. Phelan, according to the Star Ledger, who heard from a close family friend that the cost of  funeral will carry a heavy financial burden for Schimanski's family. Phelan used her cell phone to begin a fundraising effort on the website which as of early Wednesday morning raised over $5200. The family will receive a check to help with the funeral costs.

Phelan says she will open a page for the Ciancotto family should they need financial assistance.