Leadership Newark Inc
- Assets
- $648.6k
- Revenue
- $459.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Newark, NJ
- Founding
- 11/1999
- Data as of
- 08/2023
- EIN
- 31-1659369
Organization Overview
Leadership Newark Inc is located in Newark, NJ. The organization was established in 1999. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. As of 08/2023, Leadership Newark Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadership Newark 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, Leadership Newark Inc generated $459.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $442.4k during the year ending 08/2023. While expenses have increased by 1.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LEADERSHIP NEWARK IS A LEADERSHIP DEVELOPMENT PROGRAM FOCUSED ON PUBLIC POLICY ISSUES AFFECTING THE GREATER NEWARK AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP NEWARK (LN) PROGRAM- THE LN PROGRAM IS AS A COMMUNITY BUILDING FELLOWSHIP PROGRAM, WHICH PREPARES AND GROOMS ADULTS TO BE CIVIC LEADERS THROUGH PUBLIC POLICY ENRICHMENT AUGMENTED BY SKILL BUILDING AND TEAM BUILDING SESSIONS AS WELL (SEE SCHEDULE O FOR DETAILS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Celia M King Mps Chief Executive Officer | Officer | 40 | $158,730 |
Irene O'brien Trustee | Trustee | 2 | $0 |
Karen Oliver Moore Board Chair, Trustee | OfficerTrustee | 5 | $0 |
Mark A Chaplin Trustee | Trustee | 2 | $0 |
Bruno Genova Treasurer/secretary | OfficerTrustee | 5 | $0 |
Stephen Genzer ESQ Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $90,757 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $297,399 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $388,156 |
| Total Program Service Revenue | $70,000 |
| Investment income | $4,458 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,500 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $459,114 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $70,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $182,329 |
| Compensation of current officers, directors, key employees. | $18,233 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,328 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,930 |
| Payroll taxes | $16,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,297 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,615 |
| Advertising and promotion | $2,393 |
| Office expenses | $23,486 |
| Information technology | $100 |
| Royalties | $0 |
| Occupancy | $47,541 |
| Travel | $162 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,050 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,203 |
| All other expenses | $0 |
| Total functional expenses | $442,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $398,949 |
| Savings and temporary cash investments | $59,273 |
| 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 | $6,519 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $112,639 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $71,266 |
| Total assets | $648,646 |
| Accounts payable and accrued expenses | $15,422 |
| 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 | $77,631 |
| Total liabilities | $93,053 |
| Net assets without donor restrictions | $442,954 |
| Net assets with donor restrictions | $112,639 |
| 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 | $648,646 |