Board Of Trustees Of Essex County College is located in Newark, NJ. The organization was established in 2019. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Board Of Trustees Of Essex County College employed 1,390 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Board Of Trustees Of Essex County College 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, Board Of Trustees Of Essex County College generated $107.0m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $87.5m during the year ending 06/2021. 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
SERVES THE DYNAMIC NEEDS OF DIVERSE CONSTITUENCIES THROUGH COMPREHENSIVE EDUCATIONAL PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SERVICES - THE COLLEGE PROVIDES SERVICES TO STUDENTS WHICH INCLUDE ADMISSION, REGISTRATION, FINANCIAL AID, AND COUNSELING. ENROLLMENT SERVICES PROVIDED AT THE COLLEGE ARE ADMISSIONS, TRANSCRIPT EVALUATIONS, INTERNATIONAL STUDENT ADMISSION, REGISTRATION, ADD/DROP, CLASS WITHDRAWAL, GRADES POSTING, TRANSCRIPTS ISSUANCE, COUNTY CHARGEBACKS ISSUANCE, ENROLLMENT AND DEGREE VERIFICATION, VETERANS CERTIFICATIONS, STUDENT RECORD CHANGES, DEGREE AUDITS, GRADUATION CERTIFICATIONS, COMMENCEMENT INFORMATION, AND DIPLOMA ISSUANCE.SCHOLARSHIP AND FELLOWSHIPS - THE COLLEGE PARTICIPATES IN FEDERAL AND STATE FUNDED PROGRAMS. APPROXIMATELY 52% OF THE UNDUPLICATED STUDENT ENROLLMENT RECEIVED STUDENT AID ASSISTANCE DURING FISCAL YEAR 2021. FEDERAL AND STATE GRANTS EXPENDED FOR STUDENT FINANCIAL AID IN 2021 AMOUNTED TO $16,021,806 AND $6,074,199, RESPECTIVELY.
INSTRUCTION - THE COLLEGE BELIEVES IN CREATING A LEARNING ENVIRONMENT THAT FOSTERS HIGH EXPECTATIONS FOR ACHIEVEMENT. THE COLLEGE IS COMMITTED TO RIGOROUS ACADEMIC STANDARDS, FACULTY EXCELLENCE, AND RESPONSIVE SUPPORT SERVICES THAT ENABLE STUDENTS TO REACH THEIR FULL ACADEMIC, PROFESSIONAL, AND PERSONAL POTENTIAL. THE COLLEGE PROVIDES EXCELLENT PROGRAMS THAT UTILIZE TECHNOLOGY, DEMONSTRATE INNOVATION, AND UNDERGO EVALUATION TO ENSURE CONSISTENT AND OUTSTANDING PERFORMANCE. THE COLLEGE OFFERS A WIDE RANGE OF ASSOCIATE DEGREE PROGRAMS, ACADEMIC CERTIFICATE PROGRAMS, AND CERTIFICATES OF COMPLETION. DURING FISCAL YEAR 2021, THE COLLEGE OFFERED 42 DEGREES AND CERTIFICATIONS WHICH INCLUDED OVER 543 COURSES.THE NUMBER OF STUDENTS WHO ATTENDED DURING FISCAL YEAR 2021 EQUATED TO 6,360 (2,859 FULL TIME STUDENTS AND 3,501 PART-TIME STUDENTS) WHICH INCLUDED 5,449 DEGREE-SEEKING STUDENTS AND 911 NON-MATRICULATED STUDENTS.
ACADEMIC SUPPORT - FOR OVER 45 YEARS, THE COLLEGE HAS BEEN EDUCATING AND ENRICHING THE LIVES OF OUR STUDENTS. OUR ACADEMIC PROGRAMS CONSIDER THE NEEDS OF OUR LOCAL COMMUNITY, BUT OUR QUALITY ATTRACTS APPLICANTS FROM ALL OVER THE WORLD. DURING FISCAL YEAR 2021, THE COLLEGE HAS 88 FULL TIME FACULTY DEVOTED TO THE ACADEMIC PROGRAMS.
PUBLIC SERVICE - IN A TYPICAL YEAR, THE COLLEGE'S COMMUNITY, CONTINUING EDUCATION, AND WORKFORCE DEVELOPMENT PROGRAMS SERVE EVEN MORE STUDENTS THAN THEIR TRADITIONAL DEGREE-SEEKING PROGRAMS. THAT'S BECAUSE THEIR EDUCATIONAL OFFERINGS ARE DIVERSE AND GEARED TO ALL DIFFERENT TYPES OF PEOPLE FROM ALL WALKS OF LIFE. THE COLLEGE PARTNERS WITH THEIR COMMUNITY, LOCAL BUSINESSES, AND ORGANIZATIONS TO PROVIDE CLASSES GEARED TOWARDS PROVIDING PRACTICAL REAL-WORLD SKILLS THAT CAN BE PUT TO USE IMMEDIATELY. YOUTH PROGRAMS, HIGH SCHOOL INITIATIVES, WORKFORCE DEVELOPMENT, AND ADULT LITERACY COURSES ARE AMONG THE DOZENS OF EDUCATIONAL PROGRAMS THE COLLEGE OFFERS THROUGHOUT THE YEAR. DURING FISCAL YEAR 2021, THE COLLEGE HAD 1,485 NON-CREDIT ENROLLMENT, 252 STUDENTS IN CUSTOMIZED TRAINING, AND 51 TOTAL FACULTY DESIGNATED TO CONTINUING EDUCATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeff Shapiro Director Of Facilities | 40 | $254,662 | |
Michael Frank Professor | 40 | $216,780 | |
Mohamed Seddiki Exec. Dean/cio Of Admin. & Learn | 40 | $216,411 | |
Robert Spellman Professor | 40 | $207,753 | |
Herbert Schlager Professor | 40 | $206,597 | |
Dr Anthony Munroe President - Left Jul 2020 | Officer | 40 | $166,259 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Insurance Management And Consulting Llc Insurance Policy Services | 6/29/21 | $726,856 |
Northeastern Interior Sevices Llc Contractor For Construction | 6/29/21 | $1,885,860 |
Aps Contracting Inc Contractor For Construction | 6/29/21 | $490,794 |
Johnston Gp Inc Contractor For Construction | 6/29/21 | $236,075 |
Ellucian Company Lp It Consulting And Support | 6/29/21 | $252,626 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $77,694,164 |
All other contributions, gifts, grants, and similar amounts not included above | $285,428 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $77,979,592 |
Total Program Service Revenue | $28,353,274 |
Investment income | $19,128 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $559,926 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $106,959,657 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $22,149,992 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $270,425 |
Compensation of current officers, directors, key employees. | $59,497 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $32,717,545 |
Pension plan accruals and contributions | -$1,809,346 |
Other employee benefits | $9,016,187 |
Payroll taxes | $2,577,786 |
Fees for services: Management | $0 |
Fees for services: Legal | $329,110 |
Fees for services: Accounting | $121,120 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $237,112 |
Advertising and promotion | $151,997 |
Office expenses | $982,643 |
Information technology | $584,477 |
Royalties | $3,933 |
Occupancy | $2,157,950 |
Travel | $17,646 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,588,700 |
Interest | $95,700 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,395,640 |
Insurance | $949,047 |
All other expenses | $922,485 |
Total functional expenses | $87,502,690 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $23,860,843 |
Savings and temporary cash investments | $3,991,901 |
Pledges and grants receivable | $34,555,525 |
Accounts receivable, net | $6,344,529 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $15,937 |
Prepaid expenses and deferred charges | $44,599 |
Net Land, buildings, and equipment | $95,222,605 |
Investments—publicly traded securities | $3,454,487 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $11,172,176 |
Total assets | $178,662,602 |
Accounts payable and accrued expenses | $10,564,695 |
Grants payable | $0 |
Deferred revenue | $21,153,474 |
Tax-exempt bond liabilities | $1,660,301 |
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 | $83,468,134 |
Total liabilities | $116,846,604 |
Net assets without donor restrictions | -$38,317,398 |
Net assets with donor restrictions | $100,133,396 |
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 | $178,662,602 |
Over the last fiscal year, we have identified 3 grants that Board Of Trustees Of Essex County College has recieved totaling $48,136.
Awarding Organization | Amount |
---|---|
Mdrc New York, NY PURPOSE: RESTRICTED PURPOSE A | $20,000 |
Mdrc New York, NY PURPOSE: RESTRICTED PURPOSE A | $20,000 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $8,136 |
Organization Name | Assets | Revenue |
---|---|---|
Ithaca College Ithaca, NY | $834,703,732 | $365,679,639 |
Touro University New York, NY | $558,489,117 | $321,976,604 |
Saint Josephs University Philadelphia, PA | $901,366,941 | $347,052,680 |
Colgate University Treasurers Office Hamilton, NY | $1,984,946,016 | $378,114,548 |
Skidmore College Saratoga Springs, NY | $987,033,808 | $268,742,242 |
Lafayette College Easton, PA | $1,381,563,896 | $228,460,340 |
Swarthmore College Swarthmore, PA | $3,573,029,000 | $364,464,007 |
Barnard College New York, NY | $934,956,587 | $267,817,606 |
Gettysburg College Gettysburg, PA | $570,755,194 | $196,773,554 |
Trustees Of Hamilton College Clinton, NY | $1,394,895,135 | $220,131,728 |
Siena College Loudonville, NY | $358,979,613 | $209,305,526 |
St Lawrence University Canton, NY | $671,631,077 | $204,208,934 |