Newark Mentoring Movement Inc
- Assets
- $80.3k
- Revenue
- $188.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Newark, NJ
- Founding
- 10/2012
- Data as of
- 12/2020
- EIN
- 45-5092471
Organization Overview
Newark Mentoring Movement Inc is located in Newark, NJ. The organization was established in 2012. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2020, Newark Mentoring Movement Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newark Mentoring Movement 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 12/2020, Newark Mentoring Movement Inc generated $188.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $214.8k during the year ending 12/2020. While expenses have increased by 10.0% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO CONNECT INDIVIDUALS, ORGANIZATIONS, AND COMMUNITIES TO EXISTING MENTORING PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MATCHING INDIVIDUALS, ORGANIZATIONS AND COMMUNITIES WITH MENTORING PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Owens Ex. Director | Officer | 35 | $109,038 |
Ronald Piervincenzi Co-Chair | OfficerTrustee | 5 | $0 |
Rose Cali Co-Chair | OfficerTrustee | 5 | $0 |
Brad Vaiana Director | Trustee | 2 | $0 |
Preston Pinket III Director | Trustee | 2 | $0 |
David Shaen Hood Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $36,099 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,075 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,174 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $870 |
| 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 | $188,044 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $175 |
| 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. | $109,038 |
| Compensation of current officers, directors, key employees. | $21,808 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,952 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,432 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,875 |
| Advertising and promotion | $537 |
| Office expenses | $4,475 |
| Information technology | $14,857 |
| Royalties | $0 |
| Occupancy | $21,109 |
| Travel | $301 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,290 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,587 |
| All other expenses | $0 |
| Total functional expenses | $214,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,253 |
| Savings and temporary cash investments | $17 |
| 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 | $2,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $80,270 |
| 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 | $36,547 |
| Total liabilities | $36,547 |
| Net assets without donor restrictions | $43,723 |
| 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 | $80,270 |
Grants Awarded
Over the last fiscal year, Newark Mentoring Movement Inc has awarded $5,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BUTTERFLY DREAMZ PURPOSE: PROGRAM SUPPORT | $3,500 |
Newark, NJ PURPOSE: PROGRAM SUPPORT | $2,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Newark Mentoring Movement Inc has recieved totaling $82,018.
| Awarding Organization | Amount |
|---|---|
John J And Rose Cali Family Foundation Cranford, NJ PURPOSE: GENERAL SUPPORT | $45,000 |
National Mentoring Partnership Incorporated Boston, MA PURPOSE: SOCIAL JUSTICE GRANTS | $15,000 |
United States Pharmacopeial Convention Inc Rockville, MD PURPOSE: ACS CAN CORPORATE MEMBERSHIP-FRIEND LEVEL 2022 | $10,000 |
Geraldine R Dodge Foundation Incorporated Morristown, NJ PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Geraldine R Dodge Foundation Incorporated Morristown, NJ PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
The Mcj Amelior Foundation Morristown, NJ PURPOSE: FOR GENERAL OPERATING SUPPORT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Candid New York, NY | $88,006,038 | $55,202,801 |
Npt Charitable Asset Tr Jenkintown, PA | $16,456,984 | $30,273,580 |
Rofeh Cholim Cancer Society Inc Brooklyn, NY | $24,523,868 | $22,653,682 |
Peter Schub Foundation New York, NY | $153,451 | $8,498,000 |
Queens College Special Projects Fund Inc Flushing, NY | $53,656,603 | $7,071,081 |
Global Impact Investing Network Inc New York, NY | $6,619,298 | $6,380,097 |
Fannie E Rippel Foundation Morristown, NJ | $0 | $6,091,281 |
Tapfound Inc New York, NY | $4,933,878 | $7,053,619 |
Chief Executives For Corporate Purpose Inc New York, NY | $5,985,740 | $5,961,385 |
Sovereign Military Hospitaller Order Of St John Of Jerusalem Of New York, NY | $5,131,952 | $5,108,487 |
Hands In Service Incorporated Sellersville, PA | $413,502 | $4,515,148 |
Datakind Brooklyn, NY | $7,052,955 | $2,773,630 |