Caucus Educational Corporation Inc
- Assets
- $4.7m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 9
- Location
- Verona, NJ
- Founding
- 05/1994
- Data as of
- 06/2022
- EIN
- 22-3240680
Organization Overview
Caucus Educational Corporation Inc is located in Verona, NJ. The organization was established in 1994. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 06/2022, Caucus Educational Corporation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caucus Educational Corporation 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 06/2022, Caucus Educational Corporation Inc generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $3.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP EDUCATIONAL PROJECTS.
Describe the Organization's Program Activity:
ORGANIZED TO PROVIDE THE CITIZENS OF NEW JERSEY UNBIASED NON-PARTISON INFORMATIVE AND TIMELY ANALYSIS OF THE EVENTS AND ISSUES THAT AFFECT THEM.
ORGANIZED TO PROVIDE THE CITIZENS OF NEW JERSEY UNBIASED NON-PARTISON INFORMATIVE AND TIMELY ANALYSIS OF THE EVENTS AND ISSUES THAT AFFECT THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen N Adubato Jr Pres-Non Vt | OfficerTrustee | $673,010 | |
Michellene Davis Vice Chair | OfficerTrustee | $0 | |
Kelly Frank Treasurer | OfficerTrustee | $0 | |
Walter F Guarino Chair | OfficerTrustee | $0 | |
Marjorie Perry Secretary | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,636,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,636,500 |
| Total Program Service Revenue | $43,750 |
| Investment income | $2,589 |
| 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 | $3,682,839 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,139,361 |
| Pension plan accruals and contributions | $89,138 |
| Other employee benefits | $0 |
| Payroll taxes | $129,359 |
| Fees for services: Management | $204,051 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $737,381 |
| Office expenses | $80,558 |
| Information technology | $11,520 |
| Royalties | $0 |
| Occupancy | $36,151 |
| Travel | $1,125 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,796 |
| Insurance | $71,638 |
| All other expenses | $132,082 |
| Total functional expenses | $3,349,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,701,054 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $974,020 |
| 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 | $34,724 |
| Net Land, buildings, and equipment | $8,586 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,169 |
| Total assets | $4,719,553 |
| Accounts payable and accrued expenses | $86,830 |
| 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 | $86,830 |
| Net assets without donor restrictions | $4,260,286 |
| Net assets with donor restrictions | $372,437 |
| 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 | $4,719,553 |