New Jersey Education Association
- Assets
- $223.0m
- Revenue
- $153.1m
- Investments
- $10.7m
- Employees
- 565
- Location
- Trenton, NJ
- Founding
- 09/1972
- Data as of
- 08/2021
- EIN
- 21-0524390
Organization Overview
New Jersey Education Association is located in Trenton, NJ. The organization was established in 1972. 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 08/2021, New Jersey Education Association employed 565 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. New Jersey Education Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2021, New Jersey Education Association generated $153.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $132.4m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, New Jersey Education Association has awarded 246 individual grants totaling $62,879,774. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THIS ASSOCIATION IS ESTABLISHED TO PROMOTE THE EDUCATION INTERESTS OF THE STATE; TO PROMOTE EQUAL EDUCATIONAL OPPORTUNITY FOR ALL STUDENTS; TO SECURE AND MAINTAIN FOR THE OFFICE OF TEACHING ITS TRUE POSITION AMONG THE PROFESSIONS; TO PROMOTE AND GUARD THE INTERESTS OF EMPLOYEES WHO ARE IN EMPLOYMENT CATEGORIES ELIGIBLE FOR MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST ALL MEMBERS IN THE ECONOMIC, PROFESSIONAL AND SOCIAL ADVANCEMENT OF THEIR CONDITION AND STATUS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward J Richardson Executive Director (p) | 40 | $1,035,524 | |
Steve Swetsky Executive Director | Officer | 40 | $414,647 |
Marie E Blistan President | Officer | 40 | $374,010 |
Kevin Kelleher Director, Research & Econo | 40 | $359,210 | |
James Loper Regional Director, Uniserv | 40 | $303,717 | |
Michael Cohan Director, Professional Dev | 40 | $299,906 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New Media Firm Consultant | 8/30/21 | $11,795,416 |
Caruso Smith Edell Picini Pc Legal Services | 8/30/21 | $2,371,122 |
Selikoff & Cohen Pa Legal Services | 8/30/21 | $2,260,517 |
Oxfeld Cohen Pc Legal Services | 8/30/21 | $1,619,316 |
Zazzali Fagella Nowak Kleinbaum & Frei Legal Services | 8/30/21 | $1,522,080 |
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 | $6,487,831 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,487,831 |
| Total Program Service Revenue | $137,902,529 |
| Investment income | $6,018,529 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,655,287 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $153,107,939 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,128,116 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $2,055,952 |
| Compensation of current officers, directors, key employees. | $3,195,208 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,572,152 |
| Pension plan accruals and contributions | $18,970,405 |
| Other employee benefits | $9,078,371 |
| Payroll taxes | $2,470,977 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,274,475 |
| Fees for services: Accounting | $148,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $624,933 |
| Fees for services: Other | $1,392,485 |
| Advertising and promotion | $4,264,483 |
| Office expenses | $3,144,508 |
| Information technology | $2,256,160 |
| Royalties | $0 |
| Occupancy | $2,904,051 |
| Travel | $990,814 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $701,192 |
| Interest | $0 |
| Payments to affiliates | $5,082,389 |
| Depreciation, depletion, and amortization | $2,749,989 |
| Insurance | $551,119 |
| All other expenses | $111,940 |
| Total functional expenses | $132,365,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,976,901 |
| Savings and temporary cash investments | $528,797 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,966,067 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,500 |
| Prepaid expenses and deferred charges | $1,562,926 |
| Net Land, buildings, and equipment | $18,954,670 |
| Investments—publicly traded securities | $173,257,182 |
| Investments—other securities | $10,673,100 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,028,087 |
| Total assets | $222,977,230 |
| Accounts payable and accrued expenses | $3,760,954 |
| Grants payable | $0 |
| Deferred revenue | $975,476 |
| 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 | $115,389,985 |
| Total liabilities | $120,126,415 |
| Net assets without donor restrictions | $102,503,479 |
| Net assets with donor restrictions | $347,336 |
| 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 | $222,977,230 |
Grants Awarded
Over the last fiscal year, New Jersey Education Association has awarded $14,081,350 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
GARDEN STATE FORWARD PURPOSE: FINANCIAL SUPPORT | $11,586,850 |
Mahwah, NJ PURPOSE: FINANCIAL SUPPORT | $750,000 |
Newark, NJ PURPOSE: FINANCIAL SUPPORT | $585,000 |
Ewing, NJ PURPOSE: FINANCIAL SUPPORT | $250,000 |
Ewing, NJ PURPOSE: FINANCIAL SUPPORT | $235,000 |
Trenton, NJ PURPOSE: FINANCIAL SUPPORT | $204,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Jersey Education Association has recieved totaling $6,081,829.
| Awarding Organization | Amount |
|---|---|
National Education Association Of The United States Washington, DC PURPOSE: FINANCIAL ASSISTANCE | $6,081,829 |
Endowment Analysis
| Beg. Balance | $3,439,033 |
| Earnings | $218,186 |
| Net Contributions | $229,700 |
| Ending Balance | $3,886,920 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Jersey Education Association Trenton, NJ | $222,977,230 | $153,107,939 |
Pennsylvania State Education Association P S E A Harrisburg, PA | $182,856,842 | $77,031,675 |
St Thomas Aquinas College Sparkill, NY | $109,572,323 | $32,266,792 |
United Federation Of Teachers Health Care Chapter Bene New York, NY | $44,363,289 | $35,536,855 |
New Jersey Education Association Trenton, NJ | $44,298,969 | $35,727,105 |
Educators For Excellence New York, NY | $11,862,127 | $12,667,542 |
Society Of Hospital Medicine Philadelphia, PA | $18,912,774 | $11,282,806 |
Pennsylvania School Boards Association Inc Mechanicsburg, PA | $12,806,871 | $8,442,070 |
Foundation For Educational Administration Monroe Twp, NJ | $7,493,691 | $6,007,495 |
National Association Of Colleges And Employers Bethlehem, PA | $16,581,342 | $8,504,625 |
Delaware State Education Association Dover, DE | $9,815,225 | $5,886,540 |
Center For Educational Innovation New York, NY | $3,305,790 | $4,609,505 |