Naiop New Jersey Chapter Inc
- Assets
- $1.5m
- Revenue
- $1.5m
- Investments
- $1.0m
- Employees
- 6
- Location
- New Brunswick, NJ
- Founding
- 02/1988
- Data as of
- 12/2023
- EIN
- 22-2864482
Organization Overview
Naiop New Jersey Chapter Inc is located in New Brunswick, NJ. The organization was established in 1988. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Naiop New Jersey Chapter Inc employed 6 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Naiop New Jersey Chapter Inc 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 12/2023, Naiop New Jersey Chapter Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 5.8% 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
FOUNDED IN 1970, NAIOP NEW JERSEY IS A CHAPTER OF NAIOP, THE COMMERCIAL REAL ESTATE DEVELOPMENT ASSOCIATION. THE LEADING ORGANIZATION FOR DEVELOPERS, OWNERS,
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC AFFAIRS: TO PROVIDE OUR MEMBERS WITH UP TO THE MINUTE INFORMATION ON PENDING LEGISLATION LAWS AND REGULATIONS AS IT RELATES TO COMMERCIAL REAL ESTATE DEVELOPERS, OWNERS, INVESTORS AND ASSET MANAGERS. STRENGTHEN, SOLIDIFY AND PUBLICIZE NAIOP-NJ'S IDENTITY AS THE VOICE OF THE COMMERCIAL OFFICE, INDUSTRIAL AND MIXED-USE REAL ESTATE INDUSTRY SO THAT WE ARE UNIVERSALLY RECOGNIZED BY LEGISLATORS, REGULATORS, THE BUSINESS COMMUNITY AND THE PUBLIC AS AN INTEGRAL PARTNER IN THE BUILDING AND IMPROVEMENT OF NEW JERSEY'S ECONOMY.
NAIOP NETWORKING: TO PROVIDE MEMBERS WITH NETWORKING AND BUSINESS DEVELOPMENT OPPORTUNITIES AND EDUCATION IN THE REAL ESTATE COMMUNITY. ALL OF THE CHAPTER'S EVENTS (SEMINARS, PROGRAMS MEETINGS, TOURS, GOLF OUTING AND GALA) PROVIDE MEMBERS WITH OPPORTUNITIES TO PROMOTE AND DEVELOP THEIR BUSINESS AND THE SERVICES THAT THEY CAN PROVIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Mcguinness Former CEO | 50 | $328,962 | |
Daniel Kennedy CEO | OfficerTrustee | 50 | $109,088 |
Sam Morreale VP Education | Trustee | 1 | $0 |
Matt Schlindwein VP Public Affairs | Trustee | 1 | $0 |
Mark Shearer President | Trustee | 1 | $0 |
Richard Burrow Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $777,777 |
| Investment income | $38,545 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,000 |
| Net Income from Fundraising Events | $623,401 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,502,160 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $475,665 |
| Compensation of current officers, directors, key employees. | $144,313 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $350,436 |
| Pension plan accruals and contributions | $32,358 |
| Other employee benefits | $57,363 |
| Payroll taxes | $47,827 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $166,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,862 |
| Office expenses | $10,378 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $26,038 |
| 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 | $18,626 |
| Insurance | $7,128 |
| All other expenses | $390,390 |
| Total functional expenses | $1,677,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $330,157 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,987 |
| 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 | $38,474 |
| Net Land, buildings, and equipment | $63,847 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,043,673 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $56,226 |
| Total assets | $1,548,364 |
| Accounts payable and accrued expenses | $213,903 |
| Grants payable | $0 |
| Deferred revenue | $120,410 |
| 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 | $52,552 |
| Total liabilities | $386,865 |
| Net assets without donor restrictions | $1,161,499 |
| 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 | $1,548,364 |