Ironbound Community Corporation
- Assets
- $20.7m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 203
- Location
- Newark, NJ
- Founding
- 11/1982
- Data as of
- 08/2023
- EIN
- 22-1916086
Organization Overview
Ironbound Community Corporation is located in Newark, NJ. The organization was established in 1982. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 08/2023, Ironbound Community Corporation employed 203 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ironbound Community 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 08/2023, Ironbound Community Corporation generated $10.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $9.9m during the year ending 08/2023. While expenses have increased by 4.5% per year over the past 8 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.
Since 2017, Ironbound Community Corporation has awarded 39 individual grants totaling $1,407,291. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENGAGE AND EMPOWER INDIVIDUUALS, FAMILIES AND GROUPS IN REALIZING THEIR ASPIRATIONS AND, TOGETHER, WORK TO CREATE A JUST, VIBRANT AND SUSTAINABLE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRESCHOOL PROGRAM IS NAEYC ACCREDITED AND PROVIDES DEVELOPMENTALLY APPROPRIATE AND ENRICHING CARE AND EDUCATION FOR 150 PRESCHOOLERS, 75 THREE YEAR OLDS AND 75 FOUR YEAR OLDS. OUR EARLY CHILDHOOD PROGRAM IS IN CONTRACT WITH NEWARK PUBLIC SCHOOLS (NPS) AND ADMINISTRATION FOR CHILDREN AND FAMILIES (ACF). THE PROGRAM EMPLOYS A HEALTH AND NUTRITION COORDINATOR AND A FAMILY AND COMMUNITY ENGAGEMENT MANAGER WHO PROVIDE COMPREHENSIVE SERVICES TO CHILDREN AND FAMILIES.
EARLY HEAD START SERVES 4 FAMILIES WHO ARE PREGNANT, 12 FAMILIES WHO HAVE CHILDREN UP TO 3 YEARS OF AGE AT HOME, AND 56 CHILDREN 0-3 YEARS AT THE CENTER. BOTH IN THE HOME-BASED AND CENTER-BASED COMPONENTS, THE STAFF HELPS PARENTS WITH THE CHANGES AND NEEDS OF THEIR FAMILY THAT COME ALONG WITH HAVING A SMALL CHILD, AND THE PARENT LEARNS WAYS TO HELP THEIR CHILD MEET ALL MILESTONES, INCLUDING HELPING THE FAMILY ENSURE THE CHILD IS HEALTHY, DEVELOPMENTALLY ON TARGET, AND READY FOR THE WORLD. SCHOOL READINESS, IS A MAJOR COMPONENT OF THE EARLY HEAD START PROGRAM.
COMMUNITY OUTREACH ADVOCATES FOR AFFORDABLE HOUSING, ENVIRONMENTAL JUSTICE, SAFE STREETS, AND IMMIGRANT RIGHTS WITHIN THE COMMUNITY IT SERVES. THE ENVIRONMENTAL JUSTICE & COMMUNITY DEVELOPMENT DEPARTMENT STRIVES TO BUILD A COMMUNITY THAT IS SAFE, HEALTHY, JUST, AND EQUITABLE FOR ALL RESIDENTS. THIS IS DONE THROUGH VARIOUS PROGRAMS AND INITIATIVES, INCLUDING: COMMUNITY ORGANIZING & LEADERSHIP DEVELOPMENT, NEIGHBORHOOD PLANNING & REVITALIZATION, PUBLIC POLICY DEVELOPMENT, COMMUNITY RESILIENCY, URBAN AGRICULTURE, AND HOUSING & ECONOMIC EMPOWERMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hazel Applewhite Cfo/ceo | Officer | 40 | $156,949 |
Maria Lopez-Nunez Deputy Director Of Organizing | 40 | $126,901 | |
Graciele M Blanco Director Of Preschool | 40 | $115,929 | |
Cheryl Moody Term 1022 Cfo/financial Officer | Officer | 40 | $17,928 |
Johanna Moroch Vice President | OfficerTrustee | 1 | $0 |
David Robinson President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $56,856 |
| Membership dues | $0 |
| Fundraising events | $10,572 |
| Related organizations | $0 |
| Government grants | $7,074,229 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,274,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,416,407 |
| Total Program Service Revenue | $220,723 |
| Investment income | $165,006 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $10,839,065 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $130,347 |
| Grants and other assistance to domestic individuals. | $90,517 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $188,629 |
| Compensation of current officers, directors, key employees. | $47,704 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,568,649 |
| Pension plan accruals and contributions | $38,260 |
| Other employee benefits | $597,702 |
| Payroll taxes | $533,527 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $886,453 |
| Advertising and promotion | $27,938 |
| Office expenses | $770,935 |
| Information technology | $30,244 |
| Royalties | $0 |
| Occupancy | $392,248 |
| Travel | $73,563 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85,877 |
| Interest | $97,612 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $358,302 |
| Insurance | $65,686 |
| All other expenses | $0 |
| Total functional expenses | $9,936,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $623,578 |
| Savings and temporary cash investments | $6,161,559 |
| Pledges and grants receivable | $4,429,881 |
| Accounts receivable, net | $8,949 |
| 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 | $115,263 |
| Net Land, buildings, and equipment | $9,379,114 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,399 |
| Total assets | $20,742,743 |
| Accounts payable and accrued expenses | $890,553 |
| 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 | $2,560,826 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,451,379 |
| Net assets without donor restrictions | $12,214,246 |
| Net assets with donor restrictions | $5,077,118 |
| 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 | $20,742,743 |
Grants Awarded
Over the last fiscal year, Ironbound Community Corporation has awarded $118,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CLINTON HILL COMMUNITY ACTION PURPOSE: general assistance | $52,500 |
RAMAPOUGH CULTURE AND LAND FOUNDATION PURPOSE: general assistance | $15,000 |
NJ CONSERVATION VOTERS EDUCATION FUND PURPOSE: GENERAL ASSISTANCE | $45,000 |
NATIONAL ALLIANCE OF HUD TENANTS INC PURPOSE: GENERAL ASSISTANCE | $6,000 |