New Jersey Childrens Foundation
- Assets
- $7.9m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 5
- Location
- Newark, NJ
- Founding
- 06/2019
- Data as of
- 06/2022
- EIN
- 83-1290193
Organization Overview
New Jersey Childrens Foundation is located in Newark, NJ. The organization was established in 2019. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, New Jersey Childrens Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Childrens Foundation 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, New Jersey Childrens Foundation generated $9.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 37.3% each year . All expenses for the organization totaled $7.1m during the year ending 06/2022. While expenses have increased by 28.6% per year over the past 4 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 2019, New Jersey Childrens Foundation has awarded 66 individual grants totaling $10,243,515. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INVEST IN PEOPLE, PROGRAMS, AND PARTNERSHIPS THAT WILL IMPROVE PUBLIC EDUCATION SYSTEMS BY PUTTING THE INTERESTS OF CHILDREN FIRST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS WAS NJCF'S FOURTH YEAR OF OPERATION. WE CONTINUED TO SUPPORT SCHOOL LEADERS AND CBO'S THROUGH THE PANDEMIC AS WELL AS MAKE HEADWAY ON OUR ORGANIZATIONAL GOALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Rosenkrans Executive Director | Officer | 38 | $188,950 |
Kennisha Miles Deputy Director | Officer | 38 | $128,298 |
Everett Johnson Board Chair | OfficerTrustee | 1 | $0 |
Kevin Shafer Vice Chair | OfficerTrustee | 1 | $0 |
Modia Butler Board Member | Trustee | 1 | $0 |
Edward Hui Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sarah Yan School Support Portfolio | 6/29/22 | $240,500 |
Avela Inc Website Support | 6/29/22 | $203,000 |
Center For Learner Equity Programmatic Support | 6/29/22 | $118,625 |
Mercury Public Affairs Local And Statewide Strategy | 6/29/22 | $134,000 |
50can Inc External Affairs Programmatic Support | 6/29/22 | $136,869 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $810,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,955,712 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,765,712 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $9,796,996 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,670,527 |
| 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. | $393,302 |
| Compensation of current officers, directors, key employees. | $57,771 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $260,744 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,240 |
| Payroll taxes | $48,457 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,590 |
| Fees for services: Accounting | $51,358 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,201,055 |
| Advertising and promotion | $0 |
| Office expenses | $8,001 |
| Information technology | $103,677 |
| Royalties | $0 |
| Occupancy | $13,811 |
| Travel | $19,978 |
| 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 | $0 |
| Insurance | $3,418 |
| All other expenses | $0 |
| Total functional expenses | $7,080,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,750,326 |
| Savings and temporary cash investments | $0 |
| 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 | $136,665 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,510 |
| Total assets | $7,913,501 |
| Accounts payable and accrued expenses | $108,207 |
| 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 | $108,207 |
| Net assets without donor restrictions | $6,553,812 |
| Net assets with donor restrictions | $1,251,482 |
| 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 | $7,913,501 |
Grants Awarded
Over the last fiscal year, New Jersey Childrens Foundation has awarded $4,466,431 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
GREAT OAKS LEGACY CHARTER SCHOOL PURPOSE: TO SUPPORT GOLCS COMMUNITY AND PARENT ENGAGEMENT PROGRAMS, AND GROWTH PLANS. | $2,245,000 |
Newark, NJ PURPOSE: TO SUPPORT PROJECT READY PROGRAMS. | $1,517,056 |
Newark, NJ PURPOSE: TO SUPPORT KIPP NEW JERSEY'S COMMUNITY AND PARENT ENGAGEMENT PROGRAMS. | $121,000 |
New York, NY PURPOSE: TO SUPPORT UNCOMMON SCHOOLS' COMMUNITY AND PARENT ENGAGEMENT PROGRAMS. | $101,000 |
Newark, NJ PURPOSE: TO SUPPORT BRICK'S PARENT ENGAGEMENT PROGRAMS. | $100,000 |
Newark, NJ PURPOSE: TO SUPPORT MPTCS PLANNING. | $85,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that New Jersey Childrens Foundation has recieved totaling $2,624,634.
| Awarding Organization | Amount |
|---|---|
City Fund Beaverton, OR PURPOSE: OPERATING SUPPORT | $1,502,500 |
Great Schools For All Inc Newark, NJ PURPOSE: TO SUPPORT NJCF ADVOCACY PROGRAMS TO PROMOTE EDUCATIONAL OPPORTUNITY. | $1,060,000 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $62,134 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
Collier Services Wickatunk, NJ | $8,471,748 | $15,685,679 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |
Onward Israel Internships And Opportunities Ltd New York, NY | $897,895 | $11,379,184 |
Families For Excellent Schools Inc Wilmington, DE | $10,176 | $5,945,808 |
Learning Through An Expanded Arts Program Inc New York, NY | $2,991,832 | $9,986,466 |
Unbounded Learning Inc New York, NY | $10,202,052 | $11,682,333 |
Ecumenical Community Hershey, PA | $4,358,759 | $9,348,993 |