Spectrum 360 A New Jersey Nonprofit Corporation
- Assets
- $23.8m
- Revenue
- $33.5m
- Investments
- $0.0
- Employees
- 474
- Location
- Verona, NJ
- Founding
- 05/1941
- Data as of
- 06/2021
- EIN
- 22-1500529
Organization Overview
Spectrum 360 A New Jersey Nonprofit Corporation is located in Verona, NJ. The organization was established in 1941. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2021, Spectrum 360 A New Jersey Nonprofit Corporation employed 474 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spectrum 360 A New Jersey Nonprofit Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Spectrum 360 A New Jersey Nonprofit Corporation generated $33.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $32.4m during the year ending 06/2021. While expenses have increased by 8.7% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SPECTRUM360'S MISSION IS TO PROVIDE THE HIGHEST QUALITY EDUCATIONAL AND THERAPEUTIC PROGRAMS FOR INDIVIDUALS WITH LEARNING, LANGUAGE AND SOCIAL/EMOTIONAL CHALLENGES TO ACHIEVE THEIR MAXIMUM POTENTIAL AS RESPONSIBLE ADULTS IN SOCIETY; RECOGNIZE AND VALUE THE INDIVIDUALS' UNIQUE ABILITIES, LEARNING STYLES AND DIFFERENCES; AND SERVE AS A LEADER IN PROMOTING INNOVATIVE EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECTRUM 360: LOWER SCHOOL EDUCATION OF DISABLED CHILDREN WHO HAVE BEEN CLASSIFIED AS PRESCHOOL DISABLED,EMOTIONALLY DISTUREBED OR AUTISTIC.
SPECTRUM 360: UPPER SCHOOL- EDUCATION OF DISABLED CHILDREN WHO HAVE BEEN CLASSIFIED AS EMOTIONALLY DISTURBED OR AUTISTIC.
INDEPENDENCE 360- ADULT PROGRAM FOR ADULTS WITH DISABILITIES
AFTERSCHOOL PROGRAM, RESPITE PROGRAM, CAMP, FILM ACADEMY, CULINARY PROGRAM, AND OTHER MISCELLANEOUS PROGRAMS FOR INDIVIDUALS WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Ettinger Former Superintendent/ceo/exec Di | 40 | $252,207 | |
Danielle M Taylor Assistant Director | 40 | $164,713 | |
Lynn Muir Principal High School | 40 | $151,527 | |
Gina Catania Principal Primary School | 40 | $149,694 | |
Tara Hayek Asst Prin/supervisor | 40 | $141,140 | |
Stephen Waters Physical Education Teacher | 40 | $132,886 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mary A Krystalla Cpa Llc Accounting | 6/29/20 | $200,950 |
Inglesino Webster Wyciskala & Taylor Attorneys | 6/29/20 | $144,340 |
Thomas Szekely Landscaping | 6/29/20 | $104,811 |
Mary A Krystalla Cpa Llc Accounting | 6/29/20 | $200,950 |
Inglesino Webster Wyciskala & Taylor Attorneys | 6/29/20 | $144,340 |
Thomas Szekely Landscaping | 6/29/20 | $104,811 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,759,144 |
| All other contributions, gifts, grants, and similar amounts not included above | $511,084 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,273,728 |
| Total Program Service Revenue | $29,022,527 |
| Investment income | $12,504 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $216,384 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,525,143 |
| 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. | $484,778 |
| Compensation of current officers, directors, key employees. | $484,778 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,635,419 |
| Pension plan accruals and contributions | $1,766,000 |
| Other employee benefits | $3,900,338 |
| Payroll taxes | $1,187,146 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,708 |
| Fees for services: Accounting | $291,921 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,753 |
| Fees for services: Other | $2,319,895 |
| Advertising and promotion | $43,980 |
| Office expenses | $1,509,945 |
| Information technology | $7,611 |
| Royalties | $0 |
| Occupancy | $2,503,352 |
| Travel | $73,601 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $116,161 |
| Interest | $418,814 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,003,998 |
| Insurance | $21,846 |
| All other expenses | $8,758 |
| Total functional expenses | $32,443,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,562,262 |
| Savings and temporary cash investments | $1,089,549 |
| Pledges and grants receivable | $80,900 |
| Accounts receivable, net | $2,489,194 |
| 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 | $452,030 |
| Net Land, buildings, and equipment | $13,553,228 |
| Investments—publicly traded securities | $316,627 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $270,441 |
| Total assets | $23,814,231 |
| Accounts payable and accrued expenses | $2,992,657 |
| Grants payable | $0 |
| Deferred revenue | $80,864 |
| 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 | $10,857,268 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $343,773 |
| Total liabilities | $14,274,562 |
| Net assets without donor restrictions | $8,989,696 |
| Net assets with donor restrictions | $549,973 |
| 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 | $23,814,231 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Spectrum 360 A New Jersey Nonprofit Corporation has recieved totaling $20,151.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,333 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $7,818 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
Endowment Analysis
| Beg. Balance | $244,801 |
| Earnings | $72,826 |
| Ending Balance | $317,627 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Reach Cyber Charter School Harrisburg, PA | $58,067,662 | $132,734,834 |
Mastery Schools Of Camden Inc Philadelphia, PA | $73,798,386 | $68,691,904 |
The Windward School White Plains, NY | $180,402,224 | $74,362,935 |
Matheny School And Hospital Inc Peapack, NJ | $69,499,999 | $54,050,053 |
Eden Autism Services Inc Princeton, NJ | $37,499,869 | $43,268,973 |
Mary Cariola Childrens Center Inc Rochester, NY | $32,501,953 | $38,497,065 |
Winston Preparatory School New York, NY | $56,916,189 | $37,261,516 |
Childrens Institute Of Pittsburgh Pittsburgh, PA | $161,136,560 | $38,389,576 |
Spectrum 360 A New Jersey Nonprofit Corporation Verona, NJ | $23,814,231 | $33,525,143 |
Eden Ii School For Autistic Childern Inc Staten Island, NY | $32,260,171 | $32,379,334 |
Western Pennsylvania School For Blind Children Pittsburgh, PA | $69,573,969 | $29,978,055 |
New York Institute For Special Education Bronx, NY | $182,971,152 | $45,507,452 |