New Jersey Council Of County Colleges
- Assets
- $5.0m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 20
- Location
- Trenton, NJ
- Founding
- 05/1991
- Data as of
- 06/2021
- EIN
- 22-3085497
Organization Overview
New Jersey Council Of County Colleges is located in Trenton, NJ. The organization was established in 1991. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2021, New Jersey Council Of County Colleges employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Council Of County Colleges 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 06/2021, New Jersey Council Of County Colleges generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $3.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PERFORM STATEWIDE COORDINATING FUNCTIONS FOR NEW JERSEY'S COMMUNITY COLLEGES, INCLUDING DISTRIBUTION OF STATE AID AND ALLOCATION OF CAPITAL FUNDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW JERSEY COUNCIL OF COUNTY COLLEGES - THE NEW JERSEY COUNCIL OF COUNTY COLLEGES IS THE STATE ASSOCIATION FOR NEW JERSEY'S COMMUNITY COLLEGE SYSTEM. CREATED BY A STATUTE AS AN INDEPENDENT ORGANIZATION THAT JOINS THE LEADERSHIP OF TRUSTEES AND PRESIDENTS. THE COUNCIL REPRESENTS NEW JERSEY'S COMMUNITY COLLEGES WITH STATE AND LOCAL GOVERNMENTS AND IT PERFORMS STATEWIDE COORDINATING FUCTIONS INCLUDING DISTRIBUTION OF STATE AID AND ALLOCATION OF CAPITAL FUNDING.
NJ CONSORTIUM FOR WORKFORCE AND ECONOMIC DEVELOPMENT - THE CONSORTIUM WAS FORMED IN 2004 BY THE COMMUNITY COLLEGES AS PART OF THE COUNCIL OF COUNTY COLLEGES. THE PURPOSE OF THE CONSORTIUM IS TO UTILIZE THE RESOURCES OF THE COMMUNITY COLLEGES TO DEVELOP AND DELIVER EDUCATION AND TRAINING PROGRAMS STATEWIDE IN SUPPORT OF WORKFORCE AND ECONOMIC DEVELOPMENT. THE CONSORTIUM IS DIRECTED TO SEEK NEW JERSEY CUSTOMIZED TRAINING AND LITERACY GRANTS PLUS OTHER GRANTS IN SUPPORT OF THAT PURPOSE. FOR THE YEARS ENDED 2016 AND 2015, THE CONSORTIUM'S PROGRAMS HAD A TOTAL OF 26,204 AND 21,489 ATTENDEES WHO BENEFITED, RESPECTIVELY.
NEW JERSEY VIRTUAL COMMUNITY COLLEGE CONSORTIUM - IN 1999, NEW JERSEY'S 18 COMMUNITY COLLEGES FORMED THE NEW JERSEY VIRTUAL COMMUNITY COLLEGE CONSORTIUM (NJVCCC) TO INCREASE ACCESS TO POST-SECONDARY EDUACATION FOR ALL NEW JERSEYANS REGARDLESS OF GEOGRAPHIC OR TIME CONSTRAINTS. THE NJVCCC WAS DEVELOPED AS A COMPANION TO THE NEW JERSEY VIRTUAL UNIVERSITY. THE NJVCCC BEGAN OFFERING DISTANCE LEARNING COURSES VIA THE INTERNET IN FALL 1999. THE NJVCCC IS NOT A DEGREE-GRANTING COLLEGE.
THE JOINT PURCHASING CONSORTIUM COORDINATES WITH MEMBER COLLEGES TO EFFECT SUBSTANTIAL ECONOMICS THROUGH THE JOINT PURCHASE OF GOODS AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Aaron Fichtner President | Officer | 65 | $236,613 |
Linda Lam Vice President | Officer | 55 | $161,629 |
Catherine Stargill Dir Strategy, Outreach & Communications | Officer | 55 | $142,153 |
Jacob Farbman Exec Dir Center Student Success | Officer | 45 | $138,670 |
Phil Linfante Chair | OfficerTrustee | 2 | $0 |
Mary Zimmermann Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,295,321 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,260 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,310,581 |
| Total Program Service Revenue | $986,155 |
| Investment income | $102,136 |
| 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 | $3,541,533 |
| 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. | $679,065 |
| Compensation of current officers, directors, key employees. | $194,748 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $627,444 |
| Pension plan accruals and contributions | $105,342 |
| Other employee benefits | $151,436 |
| Payroll taxes | $117,127 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $95,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,959 |
| Office expenses | $35,169 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,924 |
| Travel | $538 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,822 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,254 |
| Insurance | $0 |
| All other expenses | $26,788 |
| Total functional expenses | $3,874,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,422,820 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $553,890 |
| 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 | $13,457 |
| Net Land, buildings, and equipment | $213,283 |
| Investments—publicly traded securities | $1,631,498 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $126,005 |
| Total assets | $4,960,953 |
| Accounts payable and accrued expenses | $637,234 |
| Grants payable | $0 |
| Deferred revenue | $1,104,432 |
| 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 | $1,741,666 |
| Net assets without donor restrictions | $3,190,793 |
| Net assets with donor restrictions | $28,494 |
| 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 | $4,960,953 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that New Jersey Council Of County Colleges has recieved totaling $70,328.
| Awarding Organization | Amount |
|---|---|
Central Jersey Family Health Consortium Inc North Brunswick, NJ PURPOSE: COMMUNITY HEALTH | $50,328 |
Mdrc New York, NY PURPOSE: RESTRICTED PURPOSE A | $10,000 |
Mdrc New York, NY PURPOSE: RESTRICTED PURPOSE A | $10,000 |
Endowment Analysis
| Beg. Balance | $28,925 |
| Grants | $431 |
| Ending Balance | $28,494 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Say Yes Buffalo Scholarship Inc Buffalo, NY | $26,879,466 | $14,014,941 |
The Heckscher Foundation For Children New York, NY | $236,760,119 | $11,760,357 |
United Federation Of Teachers Educational Foundation Inc New York, NY | $18,651,586 | $11,866,585 |
Vista Foundation Hershey, PA | $12,658,681 | $12,905,128 |
Caroline & Joseph S Gruss Life Monument Funds Inc New York, NY | $48,124,527 | $2,679,769 |
Storehouse For Teachers Pittsburgh, PA | $4,365,823 | $11,202,988 |
Suny Impact Foundation Inc New York, NY | $1,805,430 | $8,847,404 |
Poughkeepsie Public School Teachers Asso Trust Fund Poughkeepsie, NY | $14,239,734 | $11,580,276 |
Elevate 215 Philadelphia, PA | $9,991,857 | $10,518,985 |
Meged Shomayim Airmont, NY | $573,750 | $8,461,954 |
Nli Usa Inc New York, NY | $11,341,396 | $10,639,057 |
Excellence Community Schools Inc Bronx, NY | $14,097,138 | $10,250,785 |