New Jersey Education Association
- Assets
- $2.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 7
- Location
- Teaneck, NJ
- Founding
- 09/1972
- Data as of
- 08/2023
- EIN
- 23-7216721
Organization Overview
New Jersey Education Association is located in Teaneck, NJ. The organization was established in 1972. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 08/2023, New Jersey Education Association employed 7 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. New Jersey Education 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 08/2023, New Jersey Education Association generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $1.5m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO WORK WITH NATIONAL, STATE, AND LOCAL AFFILIATES TO ADVANCE AND PROTECT THE RIGHTS, BENEFITS, AND INTERESTS OF ALL MEMBERS AND TO ADVOCATE FOR A QUALITY SYSTEM OF PUBLIC EDUCATION FOR ALL STUDENTS IN BERGEN COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTIONS, CONFERENCES, PROFESSIONAL WORKSHOPS, AND UNION ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Mcbride President | OfficerTrustee | 40 | $161,845 |
Andrew Policastro 1st Vice President | OfficerTrustee | 15 | $54,498 |
Esther Fletcher 2nd Vice President | OfficerTrustee | 15 | $54,498 |
Jennifer Clemen Treasurer | OfficerTrustee | 15 | $54,498 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,528,608 |
| Investment income | $4,235 |
| 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 | $1,564,505 |
| 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. | $419,598 |
| Compensation of current officers, directors, key employees. | $65,158 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $212,980 |
| Pension plan accruals and contributions | $7,822 |
| Other employee benefits | $47,564 |
| Payroll taxes | $50,031 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,127 |
| Fees for services: Accounting | $10,908 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $142,855 |
| Office expenses | $77,752 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,167 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $434,882 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,638 |
| Insurance | $15,833 |
| All other expenses | $11,931 |
| Total functional expenses | $1,523,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $871,784 |
| Savings and temporary cash investments | $868,094 |
| 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 |
| Net Land, buildings, and equipment | $747,382 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,487,260 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $2,487,260 |
| 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 | $2,487,260 |