New Jersey Policy Perspective Inc
- Assets
- $3.5m
- Revenue
- $2.5m
- Investments
- $1.4m
- Employees
- 13
- Location
- Trenton, NJ
- Founding
- 06/1997
- Data as of
- 12/2023
- EIN
- 22-3492715
Organization Overview
New Jersey Policy Perspective Inc is located in Trenton, NJ. The organization was established in 1997. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, New Jersey Policy Perspective Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Policy Perspective 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 12/2023, New Jersey Policy Perspective Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 10.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEW JERSEY POLICY PERSPECTIVE (NJPP) IS A NONPARTISAN THINK TANK THAT DRIVES POLICY CHANGE TO ADVANCE ECONOMIC, SOCIAL, AND RACIAL JUSTICE THROUGH EVIDENCE-BASED, INDEPENDENT RESEARCH, ANALYSIS, AND STRATEGIC COMMUNICATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW JERSEY POLICY PERSPECTIVE (NJPP) IS A NONPARTISAN THINK TANK THAT DRIVES POLICY CHANGE TO ADVANCE ECONOMIC, SOCIAL, AND RACIAL JUSTICE THROUGH EVIDENCE-BASED, INDEPENDENT RESEARCH, ANALYSIS,AND STRATEGIC COMMUNICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcia Marley Chair | OfficerTrustee | 1 | $0 |
Patrick Toussaint Vice Chair | Trustee | 1 | $0 |
Dan Fatton Treasurer | OfficerTrustee | 1 | $0 |
Heather Howard Secretary | OfficerTrustee | 1 | $0 |
Debby D'arcangelo Executive Co | Trustee | 1 | $0 |
Adriana Abizadeh Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,250 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,436,360 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,470,610 |
| Total Program Service Revenue | $22,500 |
| Investment income | $25,236 |
| 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 | $2,518,346 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| 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. | $136,635 |
| Compensation of current officers, directors, key employees. | $17,913 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $821,109 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $108,694 |
| Payroll taxes | $78,540 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $57,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,260 |
| Fees for services: Other | $75,000 |
| Advertising and promotion | $105 |
| Office expenses | $13,460 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,600 |
| Travel | $10,380 |
| 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 | $11,471 |
| Insurance | $5,352 |
| All other expenses | $0 |
| Total functional expenses | $1,466,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,737,747 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $300,000 |
| Accounts receivable, net | $19,618 |
| 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 | $17,379 |
| Net Land, buildings, and equipment | $7,323 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,373,091 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,455,158 |
| Accounts payable and accrued expenses | $111,562 |
| 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 | $111,562 |
| Net assets without donor restrictions | $1,940,614 |
| Net assets with donor restrictions | $1,402,982 |
| 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 | $3,455,158 |
Grants Awarded
Over the last fiscal year, New Jersey Policy Perspective Inc has awarded $60,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MAKE THE ROAD NEW JERSEY PURPOSE: to support efforts to expand and increase state EITC and CTC | $15,000 |
RUTGERS UNIVERSITY PURPOSE: democracy work | $10,000 |
SALVATION AND SOCIAL JUSTICE PURPOSE: support hiring of a communications asst | $35,000 |