New Jersey Electronic Security Association
- Assets
- $287.9k
- Revenue
- $397.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Brick, NJ
- Founding
- 10/1980
- Data as of
- 12/2022
- EIN
- 22-2313533
Organization Overview
New Jersey Electronic Security Association is located in Brick, NJ. The organization was established in 1980. According to its NTEE Classification (M24) the organization is classified as: Fire Prevention, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Electronic Security Association 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 Electronic Security Association generated $397.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $346.8k during the year ending 12/2022. While expenses have increased by 1.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ALARM INDUSTRY STANDARDS AND ETHICS TO BE A SOURCE OF EDUCATION REGARDING THE ELECTRONIC SECURITY INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION CONDUCTS AN ANNUAL SYMPOSIUM THAT GATHERS INDUSTRY MEMBERS FROM ACROSS NEW JERSEY TO LEARN ABOUT THE LATEST TECHNOLOGY AVAILABLE TO PROVIDE SECURITY SERVICES, EXCHANGE IDEAS, PROVIDE OPPORTUNITIES FOR TRAINING TO MAINTAIN STATE LICENSING AND CONDUCT THE BUSINESS OF THE ASSOCIATION. IN 2022, THE SYMPOSIUM WAS ATTENDED BY 320 INDIVIDUALS AND 64 VENDORS OVER A 2.5 DAY PERIOD.
THE ASSOCIATION PROVIDES CONTINUING EDUCATION TO MEMBER TO ASSIST IN MAINTAINING AND IMPROVING KNOWLEDGE AND SKILLS IN SECURITY INDUSTRY SERVICES AND IN MAINTAINING STATE LICENSING REQUIREMENTS. IN 2022, THE ASSOCIATION PRESENTED TRAINING PROGRAMS THAT PROVIDED 106 HOURS OF CONTINUING EDUCATION.
THE ASSOCIATION CONDUCTS BOARD AND REGIONAL MEETINGS TO KEEP MEMBERS INFORMED ABOUT DEVELOPMENTS IN THE INDUSTRY INCLUDING EVOLVING STANDARDS, LICENSING REQUIREMENTS AND ETHICS. IN 2022, 7 BOARD MEETINGS AND 6 REGIONAL MEETINGS WERE HELD.
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 |
|---|---|---|---|
Brian Arenofsky President | OfficerTrustee | 3 | $0 |
Joseph Cioffi III Presidentelect | OfficerTrustee | 1 | $0 |
Robert Degennaro Treasurer | OfficerTrustee | 2 | $0 |
Peter Raymond Chief Operating Office | Trustee | 1 | $0 |
Kenneth Gould Immediate Past Preside | OfficerTrustee | 1 | $0 |
Chris Hummel Vice Presidentsouth | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,514 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,514 |
| Total Program Service Revenue | $375,967 |
| Investment income | $2,797 |
| 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 | $5,400 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $397,678 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $523 |
| Grants and other assistance to domestic individuals. | $2,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $91,000 |
| Fees for services: Legal | $13,224 |
| Fees for services: Accounting | $4,350 |
| Fees for services: Lobbying | $18,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,500 |
| Office expenses | $29,981 |
| Information technology | $5,520 |
| Royalties | $0 |
| Occupancy | $2,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,141 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,031 |
| All other expenses | $154,586 |
| Total functional expenses | $346,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,030 |
| Savings and temporary cash investments | $203,374 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $5,407 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,091 |
| Total assets | $287,902 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $287,902 |
| Net assets with donor restrictions | $0 |
| 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 | $287,902 |