Nj Edge Net Inc
- Assets
- $7.4m
- Revenue
- $12.6m
- Investments
- $0.0
- Employees
- 40
- Location
- Newark, NJ
- Founding
- 03/2001
- Data as of
- 06/2022
- EIN
- 22-3781807
Organization Overview
Nj Edge Net Inc is located in Newark, NJ. The organization was established in 2001. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 06/2022, NJ Edge Net Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NJ Edge Net 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 06/2022, NJ Edge Net Inc generated $12.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $13.5m during the year ending 06/2022. While expenses have increased by 8.3% per year over the past 7 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
NJEDGE.NET SUPPORTS NEW JERSEY'S RESEARCH AND EDUCATION COMMUNITY, AS WELL AS GOVERNMENT AND INDUSTRY PARTNERSHIPS, WITH ITS DEPLOYMENT OF A REGIONAL OPTICAL NETWORK PROVIDING STATEWIDE BROADBAND ACCESS AND STATE OF THE ART EMERGING TECHNOLOGIES TO ENRICH THE EDUCATIONAL AND RESEARCH MISSIONS OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NJEDGE.NET PROCURES, OPERATES AND MANAGES A STATE-WIDE NETWORK SOLELY ON BEHALF OF EDUCATIONAL AND RESEARCH INSTITUTIONS IN NJ. THIS IS A 24/7, YEAR-ROUND OPERATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel S Conn PHD President And CEO | Officer | 40 | $232,945 |
Edward Chapel Senior VP And COO | Officer | 40 | $213,228 |
Bruce Tyrell Senior Director, Prog. Ser | Officer | 40 | $178,348 |
James Stankiewicz Principal Network Architec | Officer | 40 | $177,944 |
Christopher Ray Markham VP Information Technology | Officer | 40 | $176,731 |
Adam Bathiard Senior Nework Engineer | Officer | 40 | $151,298 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $552,690 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $589,641 |
| 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 | $1,142,331 |
| Total Program Service Revenue | $11,497,598 |
| Investment income | $830 |
| 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 | $12,640,759 |
| 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. | $1,500,514 |
| Compensation of current officers, directors, key employees. | $638,519 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,351,965 |
| Pension plan accruals and contributions | $131,329 |
| Other employee benefits | $365,890 |
| Payroll taxes | $310,597 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $101,756 |
| Fees for services: Accounting | $35,043 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,466,662 |
| Advertising and promotion | $0 |
| Office expenses | $59,360 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $172,846 |
| Travel | $53,771 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,039 |
| Interest | $66,530 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,183,136 |
| Insurance | $0 |
| All other expenses | $68,254 |
| Total functional expenses | $13,504,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,136,428 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $652,518 |
| 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 | $1,936,467 |
| Net Land, buildings, and equipment | $3,473,406 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $151,288 |
| Other assets | $25,000 |
| Total assets | $7,375,107 |
| Accounts payable and accrued expenses | $975,786 |
| Grants payable | $0 |
| Deferred revenue | $1,799,914 |
| 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 | $2,051,011 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $385,472 |
| Total liabilities | $5,212,183 |
| Net assets without donor restrictions | $2,162,924 |
| 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 | $7,375,107 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Management Association Int New York, NY | $77,149,210 | $37,409,276 |
University At Buffalo Surgeons Inc Buffalo, NY | $17,240,216 | $29,546,953 |
Kipp Team And Family Schools Inc Newark, NJ | $32,492,623 | $22,899,667 |
New Classrooms Innovation Partners Inc New York, NY | $17,880,577 | $14,247,177 |
Nj Edge Net Inc Newark, NJ | $7,375,107 | $12,640,759 |
Building Responsible Intelligent Creative Kids Newark, NJ | $6,605,179 | $12,103,226 |
Ub Associates Inc Buffalo, NY | $9,112,520 | $9,705,784 |
College Association At Delhi Inc Delhi, NY | $7,817,922 | $8,398,682 |
Ilearn Schools Inc Fair Lawn, NJ | $13,400,113 | $8,692,177 |
Public Preparatory Network Inc Bronx, NY | $2,858,866 | $7,875,769 |
21st Century Partnership For Stem Education Conshohocken, PA | $827,740 | $5,172,923 |
Nellco Law Library Consortium Inc Albany, NY | $1,891,684 | $4,822,590 |