Glassroots Inc
- Assets
- $3.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 15
- Location
- Newark, NJ
- Founding
- 08/2001
- Data as of
- 06/2022
- EIN
- 22-3671890
Organization Overview
Glassroots Inc is located in Newark, NJ. The organization was established in 2001. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. As of 06/2022, Glassroots Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glassroots 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, Glassroots Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $987.7k during the year ending 06/2022. While expenses have increased by 3.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IGNITE THE CREATIVE AND ECONOMIC VITALITY OF NEWARK THROUGH THE TRANSFORMATIVE POWER OF GLASS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLASSROOTS PETERS VALLEY FELLOWSHIP PROGRAM TARGETS YOUNG ADULTS, AGES 18-26, FROM NEWARK AND NEARBY UNDER-RESOURCED COMMUNITIES, WHO ARE INTERESTED IN THE ARTS. THE PROGRAM IS AN INTENSIVE 13-WEEK FOUNDATIONAL INTRODUCTION TO MULTIMEDIA ARTS. ALSO INCLUDED ARE LIFE SKILLS DEVELOPMENT. THE PROGRAM TAKES PLACE AT GLASSROOTS IN NEWARK AND AT OUR PARTNER ORGANIZATION PETERS VALLEY SCHOOL OF CRAFT IN LAYTON, NJ. THE OVERALL OBJECTIVE OF THE PROGRAM IS TO ACHIEVE CREATIVE ARTS SKILLS, LIFE SKILLS AND COLLEGE/CAREER READINESS SUCH THAT WITHIN SIX MONTHS OF COMPLETION OF THE PROGRAM, THE PARTICIPANTS ARE ENROLLED IN COLLEGE OR ENGAGED IN MEANINGFUL EMPLOYMENT. 5 YOUNG ADULTS COMPLETED THE PROGRAM IN FALL 2021 AND 7 YOUNG ADULTS BEGAN THE FELLOWSHIP IN MAY 2022. THE STUDENTS WHO COMPLETED THIS PROGRAM THIS YEAR HAVE ENROLLED IN COLLEGE, ARE PURSUING CAREERS AS ARTISTS, ARE EMPLOYED IN ARTS OR OTHER PROFESSIONS, OR A COMBINATION OF ART, EDUCATION AND WORK.
YOUTH ENTREPRENEURIAL SPIRIT (YES) IS AN AFTERSCHOOL PROGRAM FOR HIGH SCHOOL STUDENTS, FREE FOR ALL STUDENTS FROM NEWARK. YES TEACHES THE SKILLS OF GLASS ART MAKING WITH BUSINESS SKILLS. STUDENTS WHO ENGAGE IN YES LEARN HOW TO PUT TOGETHER A BUSINESS PLAN, PUBLIC PRESENTATION SKILLS, WHILE ALSO LEARNING DURABLE SKILLS SUCH AS COLLABORATION, CRITICAL THINKING, RESILIENCE AND EMPATHY. DURING THE 2021-22 SCHOOL YEAR, WE ENGAGED 26 STUDENTS WEEKLY FROM SIX PUBLIC HIGH SCHOOLS. FOR MANY OF THE STUDENTS, THIS WAS THE PRIMARY EXPOSURE TO THE ARTS. ACCORDING TO EVALUATION, STUDENTS FIND YES ENCOURAGES CREATIVITY AND SELF-EXPRESSION IN A UNIQUELY SUPPORTIVE ENVIRONMENT.
SCHOOL PROGRAMSGLASSROOTS PROVIDES ARTS EDUCATION FOR SCHOOLS BOTH AT GLASSROOTS AND IN THE SCHOOLS. SCHOOL GROUPS COME TO GLASSROOTS FOR HANDS-ON STEAM (SCIENCE TECHNOLOGY ENGINEERING ARTS MATH) EXPERIENCES AS PART OF FIELD TRIPS OR MULTI-WEEK PROGRAMS. CURRICULUM INCLUDES ART, CHEMISTRY, PHYSICS AND MATERIALS SCIENCE. GLASS ART ALSO TEACHES TEAMWORK, CREATIVITY, CRITICAL THINKING AND RESILIENCE IN THE UNIQUE ENVIRONMENT OF A GLASS STUDIO. ADDITIONALLY, WE SEND ARTISTS TO SCHOOLS TO TEACH IN MULTI-WEEK RESIDENCIES DURING AND AFTER SCHOOL. GLASSROOTS ALSO SUPPORTS TEACHERS THROUGH PROFESSIONAL DEVELOPMENT WORKSHOPS. WITH GRANT SUPPORT, WE ALSO SEND A GLASSBLOWING STUDIO TO THE SCHOOLS WHERE STUDENTS CAN EXPERIENCE SCIENCE IN ACTION. DURING FY22 WE ENGAGED 5,165 YOUTH.
OTHER PROGRAMS INCLUDE: GLASS ART CLASSES FOR YOUTH ORGANIZATIONS (SUCH AS SCOUTS, CAMPS, STEM CLUBS, AND YOUTH GROUPS) SUMMER CAMP GLASS ART CLASSES FOR ADULTS: GLASSBLOWING, JEWELRY MAKING, AND OTHER GLASS ART EXPERIENCES FOR INDIVIDUAL ADULTS TEAM BUILDING AND ART CLASSES FOR ADULT GROUPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Losos Executive Director | Officer | 40 | $42,801 |
Roger C Tucker III President | OfficerTrustee | 3 | $0 |
Phillip Smith Vice President | OfficerTrustee | 3 | $0 |
Veda Truesdale Secretary | OfficerTrustee | 3 | $0 |
Mary Jaffa Treasurer | OfficerTrustee | 3 | $0 |
Sanaz Hojreh Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $114,816 |
| Related organizations | $0 |
| Government grants | $110,906 |
| All other contributions, gifts, grants, and similar amounts not included above | $752,308 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $978,030 |
| Total Program Service Revenue | $162,748 |
| Investment income | $2,008 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$66,493 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,078,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,623 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $96,731 |
| Compensation of current officers, directors, key employees. | $13,045 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $349,524 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,964 |
| Payroll taxes | $36,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $108,873 |
| Advertising and promotion | $5,072 |
| Office expenses | $4,428 |
| Information technology | $9,711 |
| Royalties | $0 |
| Occupancy | $165,171 |
| Travel | $10,664 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,143 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,870 |
| Insurance | $29,178 |
| All other expenses | $0 |
| Total functional expenses | $987,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $609,551 |
| Savings and temporary cash investments | $705,680 |
| Pledges and grants receivable | $530,300 |
| Accounts receivable, net | $8,639 |
| 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 | $11,515 |
| Net Land, buildings, and equipment | $690,952 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $396,811 |
| Total assets | $2,953,448 |
| Accounts payable and accrued expenses | $183,249 |
| 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 | $20,428 |
| Total liabilities | $203,677 |
| Net assets without donor restrictions | $908,135 |
| Net assets with donor restrictions | $1,841,636 |
| 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 | $2,953,448 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Glassroots Inc has recieved totaling $556,861.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $95,000 |
Victoria Foundation Inc Newark, NJ PURPOSE: GENERAL OPERATING SUPPORT | $90,000 |
The Common Sense Fund Inc Greenwich, CT PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO EMPOWER NJ RESIDENTS OF ALL AGES TO THINK CREATIVELY AND REALIZE NEW VISIONS OF THEIR FUTURES THROUGH THE ART OF GLASSMAKING. RENOWNED FOR EXCELLENCE IN COLLABORATIVE PROGRAMMING, GLASSROOTS PRESENTS HIGH QUALITY, RIGOROUS, INNOVATIVE, RELEVANT, AND DIVERSE PROGRAMMING THAT BOTH REFLECTS AND EXPANDS THE COMMUNITYS INTERESTS. | $50,000 |
M & T Weiner Foundation Wilmington, DE PURPOSE: DEVELOPMENT DIRECTOR POSITION FUND | $50,000 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $45,600 |
Victoria Foundation Inc Newark, NJ PURPOSE: CAPACITY-BUILDING SUPPORT | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bergens Promise Inc Hackensack, NJ | $6,748,894 | $14,251,992 |
Network For Teaching Entrepreneurship New York, NY | $9,589,884 | $12,214,690 |
Reel Stories Teen Filmmaking Inc Brooklyn, NY | $1,349,194 | $2,572,031 |
Foundation For Free Enterprise Education Erie, PA | $5,614,586 | $1,865,641 |
Glassroots Inc Newark, NJ | $2,953,448 | $1,078,025 |
Young Entrepreneurs Academy Inc Pittsford, NY | $192,804 | $326,928 |
Omicelo Cares Pittsburgh, PA | $951,389 | $343,389 |
Partners For Education And Business Inc Syracuse, NY | $12,469 | $270,994 |
All Things Are Possible Foundation Inc Willingboro, NJ | $482,242 | $308,793 |
Nykbi Inc New York, NY | $57,865 | $227,712 |
Institute For The Economic Development Of Children Philadelphia, PA | $6,866 | $0 |
Plutus Foundation Inc Yardley, PA | $37,315 | $0 |