New Jersey Utilities Association Inc
- Assets
- $2.7m
- Revenue
- $913.7k
- Investments
- $565.0k
- Employees
- 5
- Location
- Trenton, NJ
- Founding
- 05/1964
- Data as of
- 12/2021
- 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 12/2021, New Jersey Utilities Association Inc employed 5 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 12/2021, New Jersey Utilities Association Inc generated $913.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $824.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) 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
2021
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas R Churchelow President & CEO | Officer | 40 | $228,975 |
Christina Farrell Director Of Govt. And Public Affairs | 40 | $109,504 | |
Robert Sanchez 2nd Vice Chairman | OfficerTrustee | 1 | $0 |
Mark Kahrer Vice Chairman | OfficerTrustee | 1 | $0 |
David M Daly Chairman | OfficerTrustee | 1 | $0 |
David Ern Treasurer | OfficerTrustee | 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 | $14,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,750 |
| Total Program Service Revenue | $872,897 |
| Investment income | $24,702 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,337 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $913,686 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,251 |
| Grants and other assistance to domestic individuals. | $15,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $256,021 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $192,677 |
| Pension plan accruals and contributions | $3,931 |
| Other employee benefits | $30,605 |
| Payroll taxes | $28,551 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,000 |
| Fees for services: Accounting | $50,013 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,953 |
| Advertising and promotion | $60,000 |
| Office expenses | $19,183 |
| Information technology | $10,252 |
| Royalties | $0 |
| Occupancy | $42,190 |
| Travel | $20,212 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,755 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $496 |
| Insurance | $7,493 |
| All other expenses | $0 |
| Total functional expenses | $824,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,663 |
| Savings and temporary cash investments | $2,014,114 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,651 |
| 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 | $6,159 |
| Net Land, buildings, and equipment | $971 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $564,976 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,950 |
| Total assets | $2,720,484 |
| Accounts payable and accrued expenses | $90,868 |
| Grants payable | $0 |
| Deferred revenue | $232,609 |
| 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 | $2,931 |
| Total liabilities | $326,408 |
| Net assets without donor restrictions | $2,350,621 |
| Net assets with donor restrictions | $43,455 |
| 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 | $2,720,484 |
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