New Jersey Institute Of Technology Professional Staff Association
- Assets
- $715.7k
- Revenue
- $284.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfield, NJ
- Founding
- 03/1976
- Data as of
- 06/2020
- EIN
- 22-3091300
Organization Overview
New Jersey Institute Of Technology Professional Staff Association is located in Fairfield, NJ. The organization was established in 1976. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Institute Of Technology Professional Staff Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2020, New Jersey Institute Of Technology Professional Staff Association generated $284.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $352.1k during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO REPRESENT THE FULL-TIME FACULTY, PROFESSIONAL STAFF, UNIVERSITY LECTURERS AND RESEARCH PROFESSORS AT THE NEW JERSEY INSTITUTE OF TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPRESENTED MEMBERS OF THE PROFESSIONAL STAFF ASSOCIATION IN MATTERS OF ARBITRATION,COLLECTIVE BARGAINING,GRIEVANCES AND CONSULTATION SERVICES WITH THEIR EMPLOYER - NEW JERSEY INSTITUTE OF TECHNOLOGY.THE NUMBER OF MEMBERS IS NOW APPROXIMATELY 600THE LOCAL LAW FIRM OF LEVY RATNER, P.C. IS THE ASSOCIATION'S LEGAL COUNSELORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Wos Treasurer | OfficerTrustee | 30 | $0 |
Burt Kimmelman Vice President | OfficerTrustee | 1 | $0 |
Walter Konon President | OfficerTrustee | 10 | $0 |
Michael Kehoe Vice President | OfficerTrustee | 10 | $0 |
Matthew Adams Director | Trustee | 0 | $0 |
Anthony Rosato Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $532 |
| 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 | $284,669 |
| Statement of Expenses | |
|---|---|
| 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. | $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 | $0 |
| Fees for services: Legal | $83,400 |
| Fees for services: Accounting | $3,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,788 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,119 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,970 |
| All other expenses | $0 |
| Total functional expenses | $352,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,861 |
| Savings and temporary cash investments | $532,805 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $715,666 |
| Accounts payable and accrued expenses | $113,035 |
| 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 | $113,035 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $602,631 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New Jersey Institute Of Technology Professional Staff Association has recieved totaling $16,000.
| Awarding Organization | Amount |
|---|---|
Pci Foundation Naperville, IL PURPOSE: PROMOTE EDUCATION | $8,000 |
Pci Foundation Naperville, IL PURPOSE: PROMOTE EDUCATION | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania State Education Association P S E A Harrisburg, PA | $182,856,842 | $77,031,675 |
St Thomas Aquinas College Sparkill, NY | $109,572,323 | $32,266,792 |
United Federation Of Teachers Health Care Chapter Bene New York, NY | $44,363,289 | $35,536,855 |
New Jersey Education Association Trenton, NJ | $44,298,969 | $35,727,105 |
Educators For Excellence New York, NY | $11,862,127 | $12,667,542 |
Society Of Hospital Medicine Philadelphia, PA | $18,912,774 | $11,282,806 |
Pennsylvania School Boards Association Inc Mechanicsburg, PA | $12,806,871 | $8,442,070 |
Foundation For Educational Administration Monroe Twp, NJ | $7,493,691 | $6,007,495 |
National Association Of Colleges And Employers Bethlehem, PA | $16,581,342 | $8,504,625 |
Delaware State Education Association Dover, DE | $9,815,225 | $5,886,540 |
Center For Educational Innovation New York, NY | $3,305,790 | $4,609,505 |
International Literacy Association Newark, DE | $6,658,343 | $4,057,969 |