New Jersey Manufacturing Extension Program Inc
- Assets
- $4.0m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 60
- Location
- Cedar Knolls, NJ
- Founding
- 11/1997
- Data as of
- 12/2022
- EIN
- 22-3495011
Organization Overview
New Jersey Manufacturing Extension Program Inc is located in Cedar Knolls, NJ. The organization was established in 1997. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, New Jersey Manufacturing Extension Program Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Manufacturing Extension Program 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 12/2022, New Jersey Manufacturing Extension Program Inc generated $9.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $9.6m during the year ending 12/2022. While expenses have increased by 10.0% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE PROFITABILITY AND COMPETITIVENESS ON NEW JERSEY'S MANUFACTURERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1996 NJMEP UTILIZING STAFF EXPERTISE AND COLLABORATIVE PARTNERSHIPS, ENHANCES OPERATIONAL PERFORMANCE AND PRODUCTIVITY, DRIVES NEW PRODUCT DEVELOPMENT, MARKET EXPANSION, WORKFORCE DEVELOPMENT TRAINING AND CERTIFICATION PROGRAMS, AND TECHNOLOGY ADOPTION FOR NEW JERSEY'S MANUFACTURERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr John W Kennedy President/ceo | Officer | 40 | $292,214 |
Robyn Casabona Senior Director Of Finance | Officer | 40 | $162,807 |
Fady Mdeway Director - Innovational Advanc | 40 | $126,381 | |
Stacy Cooke Senior Account Manager | 40 | $141,561 | |
Daniel Deutsch Engineering Manager | 40 | $136,052 | |
Stephanie Casano Director - Compliance And Qual | 40 | $116,637 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Torsten Schimanski Project Consulting | 12/30/22 | $164,863 |
Source Hov Tax Llc Project Consulting | 12/30/22 | $151,067 |
Ejh Executive Business Mgmt Service Project Consulting | 12/30/22 | $142,843 |
Alan Zakin Associates Project Consulting | 12/30/22 | $121,163 |
Charles R Goulding Energy Taxservic Project Consulting | 12/30/22 | $414,180 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,850,970 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,850,970 |
| Total Program Service Revenue | $3,639,157 |
| Investment income | $22,801 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,030 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,501,898 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,356 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $485,622 |
| Compensation of current officers, directors, key employees. | $485,622 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,247,966 |
| Pension plan accruals and contributions | $46,406 |
| Other employee benefits | $553,987 |
| Payroll taxes | $325,020 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $95,183 |
| Fees for services: Accounting | $45,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,093 |
| Fees for services: Other | $2,864,065 |
| Advertising and promotion | $629,263 |
| Office expenses | $328,090 |
| Information technology | $193,485 |
| Royalties | $0 |
| Occupancy | $187,233 |
| Travel | $153,752 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,248 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,485 |
| Insurance | $26,967 |
| All other expenses | $0 |
| Total functional expenses | $9,587,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,627 |
| Savings and temporary cash investments | $484,568 |
| Pledges and grants receivable | $1,410,421 |
| Accounts receivable, net | $670,829 |
| 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 | $42,365 |
| Net Land, buildings, and equipment | $349,268 |
| Investments—publicly traded securities | $489,714 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $542,408 |
| Total assets | $3,992,200 |
| Accounts payable and accrued expenses | $1,219,433 |
| Grants payable | $249,732 |
| Deferred revenue | $109,542 |
| 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 | $338,800 |
| Total liabilities | $1,917,507 |
| Net assets without donor restrictions | $2,074,693 |
| 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 | $3,992,200 |
Grants Awarded
Over the last fiscal year, New Jersey Manufacturing Extension Program Inc has awarded $55,245 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BRUKER OST PURPOSE: apprenticeship program | $10,000 |
KOMLINE SANDERSON PURPOSE: apprenticeship program | $8,000 |
SAINT GOBAIN PURPOSE: apprenticeship program | $8,000 |
EXOTHERMIC MOLDING INC PURPOSE: apprenticeship program | $8,000 |
CB KAUPP AND SONS PURPOSE: apprenticeship program | $10,000 |
URBAN LEAGUE OF ESSEX COUNTY PURPOSE: apprenticeship program | $11,245 |