New Jersey Seeds Inc

Organization Overview

New Jersey Seeds Inc is located in Newark, NJ. The organization was established in 1992. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 08/2023, New Jersey Seeds Inc employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Seeds Inc 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 08/2023, New Jersey Seeds Inc generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $4.4m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

NEW JERSEY SEEDS (SCHOLARS, EDUCATORS, EXCELLENCE, DEDICATION, SUCCESS) IS A NONPROFIT ORGANIZATION THAT PREPARES MOTIVATED, HIGH-ACHIEVING, LOW-INCOME STUDENTS FOR ADMISSION TO PRIVATE SCHOOLS AND COLLEGES ACROSS THE COUNTRY. OUR PROGRAMS PROVIDES A DEMANDING COURSE OF STUDY DESIGNED TO DEVELOP THE INTELLECTUAL AND LEADERSHIP POTENTIAL OF OUR STUDENTS AND PREPARE THEM FOR LONG-TERM SUCCESS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE SCHOLARS PROGRAM IS OPEN TO ELIGIBLE 7TH GRADE STUDENTS WHO LIVE IN CENTRAL AND NORTHERN NEW JERSEY. STUDENTS ARE PLACED IN SELECTIVE DAY AND BOARDING SCHOOLS IN THE 9TH GRADE. THE YOUNG SCHOLARS PROGRAM IS OPEN TO ELIGIBLE 4TH AND 5TH GRADE STUDENTS WHO LIVE IN THE GREATER NEWARK AREA. STUDENTS ARE PLACED IN SELECTIVE DAY AND JUNIOR BOARDING SCHOOLS IN THE 6TH AND 7TH GRADE. SCHOLARS AND YOUNG SCHOLARS ARE BOTH 14-MONTH PROGRAMS; STUDENTS TAKE CLASSES OVER TWO SUMMERS AND ON THE SATURDAYS IN BETWEEN.


THE COLLEGE SCHOLARS PROGRAM IS A 17-MONTH IMMERSION EXPERIENCE FOR TOP-PERFORMING STUDENTS FROM PUBLIC HIGH SCHOOLS WITHIN 25 MILES OF NEWARK. STUDENTS SPEND SATURDAYS DURING THE SPRING OF THEIR JUNIOR YEAR AND ALL OF THEIR SENIOR YEAR WITH SEEDS, IN ADDITION TO A THREE-WEEK RESIDENTIAL SESSION PRIOR TO THE 12TH GRADE. STUDENTS ARE THEN PLACED IN SELECTIVE COLLEGES AND UNIVERSITIES.ALL OF SEEDS' ACADEMIC PROGRAMS ARE FREE TO ACCEPTED STUDENTS, AND TRANSPORTATION IS PROVIDED.


NJ SEEDS' GUIDANCE PROGRAM IS DESIGNED TO PROVIDE SEEDS GRADUATES WITH ACADEMIC, SOCIAL AND EMOTIONAL SUPPORT THROUGHOUT THEIR TIME IN THEIR PLACEMENT SCHOOLS. THE GUIDANCE STAFF VISITS STUDENTS ANNUALLY AND PROVIDES TAILORED PROGRAMMING FOR MIDDLE SCHOOL, HIGH SCHOOL AND COLLEGE-AGED STUDENTS. GUIDANCE ALSO PROVIDES A RANGE OF SERVICES TO MEET THE NEEDS OF SEEDS' GRADUATES, INCLUDING ORGANIZING COLLEGE TOURS, ARRANGING SUMMER INTERNSHIPS AND HOSTING EVENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Andy Okun
Treasurer
$0
John F Castano
President And CEO
$303,271
Polly Palumbo
Chair
$0
Thomas Pryma
Board Member
$0
Emmanuel Bello
Board Member
$0
Tricia Brentjens M D
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$853,180
Related organizations$0
Government grants $362
All other contributions, gifts, grants, and similar amounts not included above$2,177,810
Noncash contributions included in lines 1a–1f $187,545
Total Revenue from Contributions, Gifts, Grants & Similar$3,031,352
Total Program Service Revenue$0
Investment income $160,906
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$30,122
Net Income from Fundraising Events -$50,204
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,111,932

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