New Jersey Education Association
- Assets
- $250.4m
- Revenue
- $155.2m
- Investments
- $13.8m
- Employees
- 574
- Location
- Trenton, NJ
- Founding
- 09/1972
- Data as of
- 08/2023
- 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 08/2023, New Jersey Education Association employed 574 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 08/2023, New Jersey Education Association generated $155.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $139.1m during the year ending 08/2023. While expenses have increased by 0.6% 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.
Since 2015, New Jersey Education Association has awarded 288 individual grants totaling $83,143,571. 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
2023
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean M Spiller President | Officer | 40 | $370,096 |
Steve Beatty Vice President | Officer | 40 | $277,827 |
Petal T Robertson Secretary-Treasurer | Officer | 40 | $271,670 |
Steve Swetsky Executive Director | Officer | 40 | $430,502 |
Robert M Lamorte Executive Committee | Trustee | 2 | $3,146 |
Francisco C Barquin Executive Committee | Trustee | 2 | $3,146 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New Media Firm Consultant | 8/30/23 | $6,695,729 |
Zazzali Fagella Nowak Kleinbaum & Frei Legal Services | 8/30/23 | $2,454,732 |
Caruso Smith Edell Picini Pc Legal Services | 8/30/23 | $1,828,378 |
Selikoff & Cohen Pa Legal Services | 8/30/23 | $2,457,629 |
Oxfeld Cohen Pc Legal Services | 8/30/23 | $1,497,633 |
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 | $6,153,323 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,153,323 |
| Total Program Service Revenue | $139,546,377 |
| Investment income | $9,149,614 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,090 |
| Net Gain/Loss on Asset Sales | $247,121 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $155,155,057 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,802,742 |
| Grants and other assistance to domestic individuals. | $25,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $183,247 |
| Compensation of current officers, directors, key employees. | $3,969,358 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,964,157 |
| Pension plan accruals and contributions | $7,856,648 |
| Other employee benefits | $17,809,692 |
| Payroll taxes | $2,754,158 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,600,984 |
| Fees for services: Accounting | $156,692 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $670,216 |
| Fees for services: Other | $2,870,731 |
| Advertising and promotion | $5,749,192 |
| Office expenses | $3,873,845 |
| Information technology | $2,154,029 |
| Royalties | $0 |
| Occupancy | $3,481,926 |
| Travel | $3,381,081 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,564,456 |
| Interest | $0 |
| Payments to affiliates | $5,650,247 |
| Depreciation, depletion, and amortization | $2,704,135 |
| Insurance | $594,399 |
| All other expenses | $220,483 |
| Total functional expenses | $139,068,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,724,821 |
| Savings and temporary cash investments | $541,751 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $391,911 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $130,936 |
| Prepaid expenses and deferred charges | $1,057,158 |
| Net Land, buildings, and equipment | $16,728,994 |
| Investments—publicly traded securities | $163,755,493 |
| Investments—other securities | $13,820,702 |
| Investments—program-related | $0 |
| Intangible assets | $7,290,967 |
| Other assets | $19,977,115 |
| Total assets | $250,419,848 |
| Accounts payable and accrued expenses | $6,137,987 |
| Grants payable | $0 |
| Deferred revenue | $1,527,891 |
| 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 | $21,677,936 |
| Total liabilities | $29,343,814 |
| Net assets without donor restrictions | $220,760,198 |
| Net assets with donor restrictions | $315,836 |
| 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 | $250,419,848 |
Grants Awarded
Over the last fiscal year, New Jersey Education Association has awarded $11,590,587 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCATES FOR CHILDREN OF NEW JERSEY PURPOSE: FINANCIAL SUPPORT | $6,500 |
EDUCATION LAW CENTER PURPOSE: FINANCIAL SUPPORT | $570,000 |
FREDERICK L HIPP FOUNDATION PURPOSE: FINANCIAL SUPPORT | $60,000 |
GARDEN STATE FORWARD PURPOSE: FINANCIAL SUPPORT | $9,000,000 |
GARDEN STATE EQUALITY EDUCATION FUND INC PURPOSE: FINANCIAL SUPPORT | $10,500 |
LEAD INC PURPOSE: FINANCIAL SUPPORT | $7,500 |