Employers Association Of New Jersey
- Assets
- $6.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Livingston, NJ
- Founding
- 07/1942
- Data as of
- 12/2023
- EIN
- 22-0891760
Organization Overview
Employers Association Of New Jersey is located in Livingston, NJ. The organization was established in 1942. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2023, Employers Association Of New Jersey employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Employers Association Of New Jersey 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, Employers Association Of New Jersey generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. 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
THE ORGANIZATION IS DEDICATED EXCLUSIVELY TO HELPING EMPLOYERS MAKE SOUND AND RESPONSIBLE EMPLOYMENT DECISIONS THROUGH EDUCATION, INFORMED DISCUSSION AND TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES ITS MEMBERS WITH EXPERT ADVICE ON MANY ASPECTS OF EMPLOYEE RELATIONSHIPS THROUGH VARIOUS INFORMATION SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John J Sarno ESQ President | OfficerTrustee | 40 | $316,595 |
Richard Balka Chairperson | OfficerTrustee | 1 | $0 |
Doreen Anthony Trustee | Trustee | 1 | $0 |
Chris Geschickter Trustee | Trustee | 1 | $0 |
Jay Sabin Trustee | Trustee | 1 | $0 |
Pamela Bronander Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,417 |
| 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 | $28,417 |
| Total Program Service Revenue | $612,798 |
| Investment income | $104,382 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $321,848 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,131,145 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $774,617 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $312,956 |
| Pension plan accruals and contributions | $69,334 |
| Other employee benefits | $4,606 |
| Payroll taxes | $66,249 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $102,654 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,194 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,506 |
| Office expenses | $37,456 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,340 |
| Travel | $7,210 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,011 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,418 |
| Insurance | $25,296 |
| All other expenses | $5,161 |
| Total functional expenses | $1,639,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $443,180 |
| Pledges and grants receivable | $20,315 |
| Accounts receivable, net | $30,809 |
| 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 | $16,139 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,799,316 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,350 |
| Total assets | $6,326,309 |
| Accounts payable and accrued expenses | $447,948 |
| Grants payable | $0 |
| Deferred revenue | $213,267 |
| 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 | $14,381 |
| Total liabilities | $675,596 |
| Net assets without donor restrictions | $5,650,713 |
| 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 | $6,326,309 |