New Jersey Future Inc
- Assets
- $2.8m
- Revenue
- $2.2m
- Investments
- $631.9k
- Employees
- 26
- Location
- Trenton, NJ
- Founding
- 11/1988
- Data as of
- 12/2021
- EIN
- 22-2879323
Organization Overview
New Jersey Future Inc is located in Trenton, NJ. The organization was established in 1988. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, New Jersey Future Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Future Inc 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 12/2021, New Jersey Future Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 5.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO PROMOTE SMART GROWTH AND SUSTAINABLE DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
SMART GROWTH POLICY AND PRACTICE - CONDUCTING RESEARCH, DEVELOPING EDUCATIONAL MATERIAL, CONVENING STAKEHOLDERS TO BUILD CONSENSUS, COMMUNICATING TRENDS AND RECOMMENDATIONS, DEVELOPING AND PROMOTING POLICY POSITIONS, AND PROVIDING TECHNICAL ASSISTANCE THAT ADVANCES THE ORGANIZATION'S SMART GROWTH MISSION. DAY-LONG REDEVELOPMENT FORUM BRINGING TOGETHER OVER 500 LEADERS TO LEARN ABOUT CUTTING-EDGE BEST PRACTICES AND SHARE LESSONS LEARNED IN REDEVELOPMENT AND SMART GROWTH. SMART GROWTH AWARDS CEREMONY BRINGING TOGETHER 300 TOP PROFESSIONALS AND LEADERS TO RECOGNIZE THE VERY BEST IN QUALITY PLANNING, DEVELOPMENT AND REDEVELOPMENT. JERSEY WATER WORKS CONFERENCE IS A DAY-LONG EVENT THAT BRINGS TOGETHER MORE THAN 300 STATE AND LOCAL DECISION-MAKERS, PRACTITIONERS AND STAKEHOLDERS TO AMPLIFY THE IMPORTANCE OF ADDRESSING NEW JERSEY'S WATER INFRASTRUCTURE, EXPLORE INNOVATIVE SOLUTIONS AND CELEBRATE THE PROGRESS OF JERSEY WATER WORKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Kasabach Executive Director | Officer | 40 | $124,701 |
Meishka Mitchell Vice Chair | OfficerTrustee | 1 | $0 |
Todd A Gomez Treasurer | OfficerTrustee | 1 | $0 |
Kathleen Ellis Chair | OfficerTrustee | 1 | $0 |
Courtney Mccormick Secretary | OfficerTrustee | 1 | $0 |
Henry A Coleman PHD Board Member | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $475,777 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,382,061 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,857,838 |
| Total Program Service Revenue | $293,298 |
| Investment income | $16,509 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,399 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,177,694 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $124,701 |
| Compensation of current officers, directors, key employees. | $12,376 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,171,854 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $96,187 |
| Payroll taxes | $109,659 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,517 |
| Information technology | $7,481 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,681 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61,015 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,669 |
| Insurance | $7,731 |
| All other expenses | $50,714 |
| Total functional expenses | $2,000,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,027,786 |
| Savings and temporary cash investments | $372,102 |
| Pledges and grants receivable | $113,098 |
| Accounts receivable, net | $44,938 |
| 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 | $18,371 |
| Net Land, buildings, and equipment | $451,152 |
| Investments—publicly traded securities | $115,691 |
| Investments—other securities | $631,879 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,775,017 |
| Accounts payable and accrued expenses | $85,964 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $85,964 |
| Net assets without donor restrictions | $1,867,617 |
| Net assets with donor restrictions | $821,436 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,775,017 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that New Jersey Future Inc has recieved totaling $1,685,499.
| Awarding Organization | Amount |
|---|---|
Geraldine R Dodge Foundation Incorporated Morristown, NJ PURPOSE: PROJECT SUPPORT FOR JERSEY WATER WORKS, A STATEWIDE COLLABORATIVE WORKING TO TRANSFORM NEW JERSEY'S WATER INFRASTRUCTURE FOR THE BENEFIT OF ALL, AND TO SUPPORT IMPLEMENTATION OF AN EQUITY PLAN. | $300,000 |
Geraldine R Dodge Foundation Incorporated Morristown, NJ PURPOSE: PROJECT SUPPORT FOR JERSEY WATER WORKS, A STATEWIDE COLLABORATIVE WORKING TO TRANSFORM NEW JERSEY'S WATER INFRASTRUCTURE FOR THE BENEFIT OF ALL, AND TO SUPPORT IMPLEMENTATION OF AN EQUITY PLAN. | $300,000 |
William Penn Foundation Philadelphia, PA PURPOSE: NJ GREEN STORMWATER INFRASTRUCTURE | $293,900 |
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: 77689 FACILITATING THE WORK OF THE LEAD-FREE NEW J | $218,394 |
Pew Charitable Trusts Washington, DC PURPOSE: Policy | $210,000 |
Kresge Foundation Troy, MI PURPOSE: PARTNER WITH BLACK AND BROWN COMMUNITIES TO SHAPE EQUITABLE FINANCING AND IMPLEMENTATION OF COMBINED SEWER OVERFLOW INFRASTRUCTURE SOLUTIONS. | $150,000 |
Peer Organizations
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|---|---|---|
Economic Opportunity Council Of Suffolk Inc Patchogue, NY | $6,210,341 | $18,971,000 |
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,668,111 | $17,307,586 |
Integrated Community Alternatives Network Inc Utica, NY | $14,279,832 | $19,265,883 |
Northern Manhattan Improvement Corp New York, NY | $8,451,430 | $18,004,122 |
Pennreach Allentown, NJ | $5,187,786 | $15,924,501 |
Chautauqua Opportunities Inc Dunkirk, NY | $6,065,142 | $15,802,051 |
Commission On Economic Opportunity For The Rensselaer County Area Inc Troy, NY | $18,234,515 | $14,616,169 |
Phipps Neighborhoods Inc New York, NY | $46,342,034 | $30,198,997 |
Delaware Opportunities Inc Hamden, NY | $6,012,612 | $14,102,184 |
Liberty Lutheran Housing Development Corporation State College, PA | $52,974,358 | $15,701,429 |
Painters District Council No 4 S U B Fund Cheektowaga, NY | $33,742,384 | $15,066,465 |
Economic Opportunity Commission Of Nassau County Inc Hempstead, NY | $10,306,992 | $13,197,438 |