New Community Employment Services Corporation
- Assets
- $862.7k
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, NJ
- Founding
- 04/1988
- Data as of
- 12/2023
- EIN
- 22-2546365
Organization Overview
New Community Employment Services Corporation is located in Newark, NJ. The organization was established in 1988. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Community Employment Services 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 12/2023, New Community Employment Services Corporation generated $2.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $2.8m during the year ending 12/2023. While expenses have increased by 2.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE JOB TRAINING, COUNSELING, AND PLACEMENT SERVICES FOR LOW AND MODERATE INCOME INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE JOB TRAINING, COUNSELING, AND PLACEMENT SERVICES FOR LOW AND MODERATE INCOME INDIVIDUALS
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 |
|---|---|---|---|
Simone Gagnerone Chief Executive Officer | Officer | 1 | $0 |
Elizabeth Mbakaya Chief Financial Officer | Officer | 1 | $0 |
Fred Hunter Chief Operating Officer | Officer | 1 | $0 |
Richard Rohrman CEO - Former | 1 | $0 | |
Winton Tolles Director Of R/e Development | Officer | 1 | $0 |
Madge Wilson Board Member | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $425,000 |
| Government grants | $1,466,316 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,055 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,991,371 |
| Total Program Service Revenue | $758,721 |
| Investment income | $0 |
| 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 | $2,750,092 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $261,084 |
| 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 | $1,250,128 |
| Pension plan accruals and contributions | $19,620 |
| Other employee benefits | $187,279 |
| Payroll taxes | $109,974 |
| Fees for services: Management | $66,874 |
| Fees for services: Legal | $17,013 |
| Fees for services: Accounting | $51,032 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $119,483 |
| Advertising and promotion | $4,540 |
| Office expenses | $192,901 |
| Information technology | $39,764 |
| Royalties | $0 |
| Occupancy | $366,443 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,307 |
| Insurance | $60,705 |
| All other expenses | $0 |
| Total functional expenses | $2,769,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,554 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $199,110 |
| 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 | $9,274 |
| Net Land, buildings, and equipment | $360,625 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $177,101 |
| Total assets | $862,664 |
| Accounts payable and accrued expenses | $208,975 |
| Grants payable | $0 |
| Deferred revenue | $103,160 |
| 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 | $312,135 |
| Net assets without donor restrictions | $550,529 |
| 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 | $862,664 |