New Jersey Builders Association
- Assets
- $1.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Cranford, NJ
- Founding
- 08/1980
- Data as of
- 06/2022
- EIN
- 22-1478975
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.
Form
990
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) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Kolakowski CEO | Officer | 50 | $237,011 |
Grant Lucking Chief Operating Officer | Officer | 2 | $122,523 |
Tom Bovino President | OfficerTrustee | 2 | $0 |
Frank Belgiovine Vice President | OfficerTrustee | 2 | $0 |
Debra Tentleff Treasurer | OfficerTrustee | 2 | $0 |
Natale Russo Secretary | OfficerTrustee | 2 | $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 |
| 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. | $318,824 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $190,855 |
| Pension plan accruals and contributions | $1,922 |
| Other employee benefits | $42,206 |
| Payroll taxes | $41,909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,500 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $92,827 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $40,929 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,783 |
| Travel | $5,966 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $907 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $276 |
| Insurance | $31,102 |
| All other expenses | $0 |
| Total functional expenses | $849,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $997,090 |
| Savings and temporary cash investments | $250,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,775 |
| 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 | $8,669 |
| Net Land, buildings, and equipment | $12,479 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,327,013 |
| Accounts payable and accrued expenses | $44,472 |
| Grants payable | $0 |
| Deferred revenue | $266,230 |
| 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 | $310,702 |
| Net assets without donor restrictions | $1,016,311 |
| 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 | $1,327,013 |