Paterson Nj Oic
- Assets
- $257.0k
- Revenue
- $813.2k
- Investments
- $0.0
- Employees
- 10
- Location
- Paterson, NJ
- Founding
- 01/1980
- Data as of
- 06/2021
- EIN
- 22-1947953
Organization Overview
Paterson Nj Oic is located in Paterson, NJ. The organization was established in 1980. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2021, Paterson NJ Oic employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paterson NJ Oic is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Paterson NJ Oic generated $813.2k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $721.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF PATERSON NEW JERSEY OPPORTUNITIES INDUSTRIALIZATION CENTER, INC. IS TO ATTRACT GOVERNMENT GRANTS AND PRIVATE/BUSINESS FUNDS TO PROVIDE TRAINING PROGRAM AND EMPLOYMENT OPPORTUNITIES DESIGNED FOR INDIVIDUALS CONSTITUTING THE SO CALLED "HARD CORE" UNEMPLOYED IN THE CITY OF PATERSON, NEW JERSEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PASSAIC COUNTY ONE-STOP CENTER TANF/WFNJ/FAMILY DEVELOPMENT PROGRAM TO PROVIDE TIME-LIMITED ASSISTANCE TO NEEDY FAMILIES WITH CHILDREN SO THAT THE CHILDREN CAN BE CARED FOR IN THEIR HOME OR WITH RELATIVES AND END DEPENDENCE OF NEEDY PARENTS ON GOVERNMENT BENEFITS BY PROMOTING JOB PREPAREDNESS, WORK, MARRIAGE AND MORE.
PASSAIC COUNTY WORKFORCE DEVELOPMENT CENTER PROVIDES TIME-LIMITED ASSISTANCE TO NEEDY FAMILIES WITH CHILDREN SO THAT THE CHILDREN CAN BE CARED FOR IN THEIR HOME OR OR WITH RELATIVES AND END DEPENDENCE OF NEEDY PARENTS ON GOVERNMENT BENEFITS BY PROMOTING JOB PREPAREDNESS, WORK, MARRIAGE AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Burnie Bristow Chairperson/president | Trustee | 0.25 | $0 |
Dr Steven M Rose Vice Chairman/vice President | Trustee | 0.25 | $0 |
Alveria Spencer Treasurer | Trustee | 0.25 | $0 |
Alfred V Acquaviva ESQ Member-At-Large | Trustee | 0.25 | $0 |
Dawn M Blakely-Harper ESQ Member-At-Large | Trustee | 0.25 | $0 |
Patricia Fletcher Member-At-Large | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $731,214 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $813,214 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $59,692 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $382,895 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,114 |
| Payroll taxes | $51,175 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,189 |
| Advertising and promotion | $1,689 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,880 |
| Travel | $26 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,347 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $25,886 |
| All other expenses | $0 |
| Total functional expenses | $721,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,994 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $131,805 |
| Accounts receivable, net | $13,082 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,386 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,750 |
| Total assets | $257,017 |
| Accounts payable and accrued expenses | $33,808 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $55,603 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $89,411 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $167,606 |