New Jersey Builders Association

Organization Overview

New Jersey Builders Association is located in Cranford, NJ. The organization was established in 1980. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, New Jersey Builders Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Builders Association 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 06/2022, New Jersey Builders Association generated $1.4m 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 (4.1%) each year. All expenses for the organization totaled $849.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE ASSOCIATION REPRESENTS THE BUILDING INDUSTRY OF NEW JERSEY. PROGRAMS AND MEETINGS EDUCATE THE MEMBERS OF THE BUILDING INDUSTRY IN NEW JERSEY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROGRAMS AND MEETINGS EDUCATE THE MEMBERS OF THE BUILDING INDUSTRY IN NEW JERSEY AND MAKE THEM AWARE OF THE NEW DEVELOPMENTS IN THE INDUSTRY.


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Board, Officers & Key Employees

Name (title)Compensation
Jeffrey Kolakowski
CEO
$237,011
Grant Lucking
Chief Operating Officer
$122,523
Tom Bovino
President
$0
Frank Belgiovine
Vice President
$0
Debra Tentleff
Treasurer
$0
Natale Russo
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $15,000
All other contributions, gifts, grants, and similar amounts not included above$15,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$30,000
Total Program Service Revenue$1,203,268
Investment income $3,945
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $25,804
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,392,552

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