New Jersey Shares Inc
- Assets
- $6.1m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 26
- Location
- Flemington, NJ
- Founding
- 09/1998
- Data as of
- 12/2023
- EIN
- 22-3564398
Organization Overview
New Jersey Shares Inc is located in Flemington, NJ. The organization was established in 1998. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, New Jersey Shares Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Shares 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 12/2023, New Jersey Shares Inc generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $5.8m during the year ending 12/2023. While expenses have increased by 5.5% 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.
Since 2018, New Jersey Shares Inc has awarded 53 individual grants totaling $5,006,974. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ASSISTANCE TO INDIVIDUALS AND FAMILIES IN NEED OF HELP IN MEETING THEIR ENERGY AND UTILITY BURDEN THROUGH ADVOCACY, COMMUNITY OUTREACH, EDUCATION, INFORMATION AND REFERRAL, AND TO CONNECT LOW AND MODERATE INCOME HOUSEHOLDS WITH AVAILABLE RESOURCES TO MEET THEIR ONGOING NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE STATEWIDE HEATING ASSISTANCE AND REFERRALS FOR ENERGY SERVICES, WATER BILL PAYMENT ASSISTANCE TO INDIVIDUALS AND FAMILIES LIVING IN NEW JERSEY WHO ARE IN NEED OF TEMPORARY HELP IN PAYING THEIR ENERGY BILLS AND OUTREACH AND ENROLLMENT SERVICES FOR THE VERIZON COMMUNICATIONS LIFELINE.
THE SMART PROGRAM PROVIDES CRITICAL FUNDING FOR RENT OR MORTGAGE ASSISTANCE TO INDIVIDUALS THAT ARE FACING EVICTION OR FORECLOSURE. THE PROGRAM IS DESIGNED TO ASSIST LOW-TO-MODERATE INCOME HOUSEHOLDS IN NEW JERSEY WITH A COMBINED TOTAL MONTHLY INCOME BETWEEN 0-80 PERCENT OF THE AREA MEDIAN INCOME FOR THE REGION. ELIGIBLE HOUSEHOLDS MAY THEN RECEIVE A ONE-TIME GRANT UP TO $5,000 TO AID WITH A MORTGAGE OR RENT PAYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Stowell Chief Executive Officer | Officer | 40 | $261,773 |
Monica Grybowski Director Of Finance | Officer | 40 | $172,216 |
Jennifer Lazor Assistant Director | 40 | $105,250 | |
Jenny Davis Toth Chairperson | OfficerTrustee | 2 | $0 |
Ulises Diaz 1st Vice Chairperson | OfficerTrustee | 2 | $0 |
Kelly Mcburney 2nd Vice Chairperson | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mosaic Strategies Group Marketing | 12/30/22 | $122,847 |
Jlh Management Enterprises Consulting And Business Development | 12/30/22 | $100,761 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $59,853 |
| Related organizations | $0 |
| Government grants | $3,091,259 |
| All other contributions, gifts, grants, and similar amounts not included above | $550,383 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,701,495 |
| Total Program Service Revenue | $2,207,040 |
| Investment income | $110,049 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,593 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$67,856 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,966,321 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,497,764 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $577,199 |
| Compensation of current officers, directors, key employees. | $305,299 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $759,167 |
| Pension plan accruals and contributions | $5,791 |
| Other employee benefits | $107,407 |
| Payroll taxes | $98,795 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,713 |
| Fees for services: Accounting | $127,771 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $274,847 |
| Advertising and promotion | $0 |
| Office expenses | $187,717 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,136 |
| Travel | $36,289 |
| 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 | $51,255 |
| Insurance | $15,699 |
| All other expenses | $0 |
| Total functional expenses | $5,817,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,197,342 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $288,673 |
| Accounts receivable, net | $85,926 |
| 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 |
| Net Land, buildings, and equipment | $216,889 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $314,486 |
| Other assets | $0 |
| Total assets | $6,103,316 |
| Accounts payable and accrued expenses | $135,385 |
| 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 | $4,401,878 |
| Total liabilities | $4,537,263 |
| Net assets without donor restrictions | $494,969 |
| Net assets with donor restrictions | $1,071,084 |
| 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 | $6,103,316 |
Grants Awarded
Over the last fiscal year, New Jersey Shares Inc has awarded $1,216,805 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ATLANTIC CITY ELECTRIC PURPOSE: OUTREACH AND UTILITY BILL ASSISTANCE. | $194,620 |
NEW JERSEY AMERICAN WATER PURPOSE: OUTREACH AND UTILITY BILL ASSISTANCE. | $159,905 |
ELIZABETHTOWN GAS PURPOSE: OUTREACH AND UTILITY BILL ASSISTANCE. | $79,123 |
PUBLIC SERVICE ENTERPRISE GROUP PURPOSE: OUTREACH AND UTILITY BILL ASSISTANCE. | $178,680 |
SUEZ PURPOSE: OUTREACH AND UTILITY BILL ASSISTANCE. | $101,886 |
JERSEY CENTRAL POWER & LIGHT PURPOSE: OUTREACH AND UTILITY BILL ASSISTANCE. | $107,005 |