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 06/2022, Board Of Trustees Of Essex County College employed 1,078 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 06/2022, Board Of Trustees Of Essex County College generated $133.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $100.6m during the year ending 06/2022. 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
SERVES THE DYNAMIC NEEDS OF DIVERSE CONSTITUENCIES THROUGH COMPREHENSIVE EDUCATIONAL PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP AND FELLOWSHIPS - THE COLLEGE PARTICIPATES IN FEDERAL AND STATE FUNDED PROGRAMS. APPROXIMATELY 59% OF THE UNDUPLICATED STUDENT ENROLLMENT RECEIVED STUDENT AID ASSISTANCE DURING FISCAL YEAR 2022. FEDERAL AND STATE GRANTS EXPENDED FOR STUDENT FINANCIAL AID IN 2022 AMOUNTED TO $15,761,296 AND $5,857,165. 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 2022, THE COLLEGE OFFERED 66 DEGREES AND CERTIFICATIONS WHICH INCLUDED OVER 542 COURSES.THE NUMBER OF STUDENTS WHO ATTENDED DURING FISCAL YEAR 2022 EQUATED TO 6,131 (3,055 FULL TIME STUDENTS AND 3,076. PART-TIME STUDENTS) WHICH INCLUDED 5,539 DEGREE-SEEKING STUDENTS AND 592 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 2022, THE COLLEGE HAS 83 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 PROGRAMS. THAT,S BECAUSE THEIR EDUCATIONAL OFFERING ARE DIVERSE, AND GEARED TO ALL DIFFERENT TYPES OF PEOPLE FROM ALL WALKS OF LIFE. THE COLLEGE PARTNERS WITH THEIR COMMUNITY, LOCAL BUSINESSES ORGANIZATIONS TO PROVIDE CLASSES GEARED TOWARDS PROVIDING PRACTICAL REAL-WORLD SKILLS THAT CAN BE PUT TO USE IMMEDIATELY. YOUTH PROGRAMS, HIGH SCHOOL INITIATIVES WORFORCE DEVELOPMENT, AND ADULT LITERACY COURSES ARE AMONG THE DOZENS OF EDUCATIONAL PROGRAMS THE COLLEGE OFFERS THROUGHOUT THE YEAR. DURING FISCAL YEAR 2022, THE COLLEGE 1,912 NON-CREDIT ENROLLMENT, 382 STUDENTS IN CUSTOMIZED TRAINING, AND 82 TOTAL FACULTY DESIGNATED TO CONTINUING EDUCATION.
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.
INSTITUTIONAL SUPPORT - THE COLLEGE CREATED THIS PROGRAM TO SUPPORT THE INSTITUTION. THIS PROGRAM WAS CREATED TO KEEP TRACK AND MANAGE THE ADMINISTRATIVE EXPENSES OF THE COLLEGE. MOST OF THE ADMINISTRATIVE EMPLOYEE WAGES AND BENEFITS AS WELL AS OTHER EXPENSES ARE CHARGED TO THIS PROGRAM. IN FY22 THIS PROGRAM COVERS A TOTAL OF 109 FTE AND THEIR OTHER EXPENSES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Marion Bolden Chair | OfficerTrustee | 3 | $0 |
Dr Arnold C Lewis Vice Chair | OfficerTrustee | 3 | $0 |
Joseph Zarra Treasurer | OfficerTrustee | 3 | $0 |
Jeweline Grimes Secretary | OfficerTrustee | 3 | $0 |
Isabel Cruz Trustee | Trustee | 3 | $0 |
Rev Dr Lanel Guyton Trustee | Trustee | 3 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Dmd Contractor Contractor | 6/29/22 | $6,734,206 |
Two Brothers Contractor Contractor | 6/29/22 | $948,051 |
Brahma Construction Corporation Contractor | 6/29/22 | $732,560 |
Netta Architectors Llc Architect | 6/29/22 | $602,509 |
Northeastern Interior Sevices Llc Contractor | 6/29/22 | $494,820 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $42,017 |
Related organizations | $0 |
Government grants | $102,993,698 |
All other contributions, gifts, grants, and similar amounts not included above | $128,454 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $103,164,169 |
Total Program Service Revenue | $28,490,049 |
Investment income | $29,878 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $359,802 |
Net Gain/Loss on Asset Sales | $72,908 |
Net Income from Fundraising Events | -$4,493 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $132,950,888 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $40,058,476 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $920,936 |
Compensation of current officers, directors, key employees. | $313,624 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $33,689,315 |
Pension plan accruals and contributions | $2,458,222 |
Other employee benefits | $6,422,302 |
Payroll taxes | $2,826,389 |
Fees for services: Management | $0 |
Fees for services: Legal | $447,680 |
Fees for services: Accounting | $113,656 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $583,014 |
Advertising and promotion | $338,262 |
Office expenses | $1,514,631 |
Information technology | $719,565 |
Royalties | $3,948 |
Occupancy | $1,720,038 |
Travel | $164,927 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,762,610 |
Interest | $76,402 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,340,078 |
Insurance | $970,134 |
All other expenses | $0 |
Total functional expenses | $100,565,865 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $39,536,945 |
Savings and temporary cash investments | $9,633,164 |
Pledges and grants receivable | $42,960,983 |
Accounts receivable, net | $3,003,542 |
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 | $39,355 |
Net Land, buildings, and equipment | $103,619,769 |
Investments—publicly traded securities | $3,073,629 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $9,559,373 |
Total assets | $211,442,697 |
Accounts payable and accrued expenses | $12,473,807 |
Grants payable | $0 |
Deferred revenue | $2,098,376 |
Tax-exempt bond liabilities | $1,269,974 |
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 | $72,750,566 |
Total liabilities | $88,592,723 |
Net assets without donor restrictions | -$22,826,390 |
Net assets with donor restrictions | $145,676,364 |
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 | $211,442,697 |