New Jersey Utilities Association Inc
- Assets
- $2.4m
- Revenue
- $975.2k
- Investments
- $598.4k
- Employees
- 4
- Location
- Trenton, NJ
- Founding
- 05/1964
- Data as of
- 12/2022
- EIN
- 22-1723245
Organization Overview
New Jersey Utilities Association Inc is located in Trenton, NJ. The organization was established in 1964. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, New Jersey Utilities Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Utilities Association Inc 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 12/2022, New Jersey Utilities Association Inc generated $975.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $923.8k during the year ending 12/2022. 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
SUPPORTS NEW JERSEY UTILITIES ON BROAD BASED INDUSTRY AND BUSINESS ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTS NEW JERSEY UTILITIES ON BROAD-BASED INDUSTRY AND BUSINESS ISSUES BEFORE THE LEGISLATURE AND REGULATORY AGENCIES. PROVIDES INFORMATION ABOUT PUBLIC POLICY ISSUES OF INTEREST TO NEW JERSEY INVESTOR-OWNED UTILITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Kahrer Chairman | OfficerTrustee | 1 | $0 |
Robert Sanchez 1st Vice Chairman | OfficerTrustee | 1 | $0 |
Richard Henning 2nd Vice Chairman | OfficerTrustee | 1 | $0 |
David Ern Treasurer | OfficerTrustee | 1 | $0 |
Melissa Orsen Secretary | OfficerTrustee | 1 | $0 |
Joseph F Accardo Jr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $937,240 |
| Investment income | $19,076 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,906 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $975,222 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,399 |
| Grants and other assistance to domestic individuals. | $16,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $270,426 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $194,254 |
| Pension plan accruals and contributions | $5,060 |
| Other employee benefits | $27,693 |
| Payroll taxes | $25,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,763 |
| Fees for services: Accounting | $56,109 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,696 |
| Advertising and promotion | $60,000 |
| Office expenses | $16,843 |
| Information technology | $2,928 |
| Royalties | $0 |
| Occupancy | $42,001 |
| Travel | $10,429 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $111,043 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $496 |
| Insurance | $7,629 |
| All other expenses | $0 |
| Total functional expenses | $923,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,217 |
| Savings and temporary cash investments | $1,620,138 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,402 |
| 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 | $5,817 |
| Net Land, buildings, and equipment | $474 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $598,391 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,496 |
| Total assets | $2,384,935 |
| Accounts payable and accrued expenses | $36,662 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $15,686 |
| Total liabilities | $52,348 |
| Net assets without donor restrictions | $2,286,226 |
| Net assets with donor restrictions | $46,361 |
| 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 | $2,384,935 |