New Jersey Asphalt Pavement Assoc
- Assets
- $1.1m
- Revenue
- $832.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Hamilton, NJ
- Founding
- 07/1966
- Data as of
- 12/2023
- EIN
- 21-0666754
Organization Overview
New Jersey Asphalt Pavement Assoc is located in Hamilton, NJ. The organization was established in 1966. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Asphalt Pavement Assoc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, New Jersey Asphalt Pavement Assoc generated $832.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $913.4k during the year ending 12/2023. While expenses have increased by 4.0% per year over the past 9 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 2014, New Jersey Asphalt Pavement Assoc has awarded 22 individual grants totaling $333,038. 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
TRADE ORGANIZATION FORMED TO PROMOTE THE HOT MIX ASPHALT(HMA) INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROMOTION OF THE BROADEST APPLICATIONS OF HOT MIX ASPHALT THROUGH THE SUPPORT OF PUBLIC POLICIES THAT ENHANCE THE GENERAL BUSINESS ENVIRONMENT & THAT VALUE THE DEVELOPMENT & MAINTENANCE OF THE TRANSPORTATION INFRASTRUCTURE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Kochek President | OfficerTrustee | 1 | $0 |
Steven Kurtz Vice President | OfficerTrustee | 1 | $0 |
Thomas Tj Earle Treasurer | OfficerTrustee | 1 | $0 |
Michael Conti Secretary | OfficerTrustee | 1 | $0 |
Michael Criscola Member | Trustee | 0.5 | $0 |
Scott Braen Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kevin Monaco Executive Director | 12/30/23 | $214,750 |
K & L Gates Legal | 12/30/23 | $104,709 |
River Crossing Strategy Group Llc Research | 12/30/23 | $102,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,963 |
| Related organizations | $299,799 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $316,762 |
| Total Program Service Revenue | $486,892 |
| Investment income | $6,815 |
| 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 | $832,869 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,476 |
| Grants and other assistance to domestic individuals. | $12,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $210,040 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,720 |
| Pension plan accruals and contributions | $11,102 |
| Other employee benefits | $3,000 |
| Payroll taxes | $6,484 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $136,479 |
| Fees for services: Accounting | $14,720 |
| Fees for services: Lobbying | $102,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,852 |
| Advertising and promotion | $5,425 |
| Office expenses | $3,080 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,282 |
| Travel | $7,035 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $68,219 |
| Interest | $0 |
| Payments to affiliates | $411 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,693 |
| All other expenses | $35,055 |
| Total functional expenses | $913,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $546,588 |
| Savings and temporary cash investments | $472,334 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,535 |
| 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 | $54,752 |
| Net Land, buildings, and equipment | $1,174 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,057 |
| Total assets | $1,103,440 |
| Accounts payable and accrued expenses | $59,526 |
| Grants payable | $0 |
| Deferred revenue | $37,173 |
| 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 | $96,699 |
| Net assets without donor restrictions | $1,006,741 |
| Net assets with donor restrictions | $0 |
| 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 | $1,103,440 |
Grants Awarded
Over the last fiscal year, New Jersey Asphalt Pavement Assoc has awarded $36,476 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL ASPHALT PAVEMENT ASSOCIATION PURPOSE: TO WORK ON SCIENTIFIC RESEARCH, LEGISLATIVE ACTIVITIES, AND TO PROTECT ASPHALT'S MARKET SHARE | $10,500 |
CONSTRUCTION INDUSTRY ADVANCED PROGRAM OF NJ PURPOSE: THE CONSTRUCTION INDUSTRY ADVANCEMENT PROGRAM OF NEW JERSEY PROVIDES CONSTRUCTION EDUCATION, SCHOLARSHIPS, AND RESEARCH; IMPROVEMENT AND STANDARDIZATION OF PUBLIC SECTOR CONTRACTS AND TECHNICAL SPECIFICATIONS; AND PUBLIC RELATIONS AND PROMOTION FOR THE STATE OF NEW JERSEY CONSTRUCTION INDUSTRY. GRANT MONIES WERE FOR SCHOLARSHIPS AS WELL AS CAPITAL IMPROVEMENTS. | $25,976 |