Public Charity

GREATER NEWARK ENTERPRISES CORP

GREATER NEWARK ENTERPRISES CORP is a Public Charity headquartered in NEWARK, NJ. Financial data from the 2025 filing: $2.3M revenue, $2.0M expenses, $7.6M total assets. 15 publicly reported grants to this organization, totaling roughly $1.9M, appear in IRS filings.

EIN: 202247312 NEWARK, NJ Small Business Development NTEE: S43 Latest filing: 2025
Total Revenue$2.3M
Total Expenses$2.0M
Total Assets$7.6M
Grant Records15
Funding Total$1.9M
Filing Years2021–2025

Mission

THE GREATER NEWARK ENTERPRISES CORPORATION (GNEC) MAKES LOANS AND INVESTMENTS IN PROGRAMS IN URBAN COMMUNITIES ENGAGED IN THE FOLLOWING WEALTH-CREATION STRATEGIES: PROVIDING FINANCIAL SERVICES, LOANS AND INVESTMENTS, OFFERING TRAINING AND MENTORING, INFORMATION AND REFERRAL SUPPORT. THE GNEC SEMINARS COVERS TAXES, MARKETING AND SALES, PURCHASING AND INVENTORY.

Where $100 goes at Greater Newark Enterprises Corp

How Greater Newark Enterprises Corp divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$81 Programs the work itself
$12 Management running the organization
$7 Fundraising raising the next dollar

Inside the $81 for programs

$81
The Greater Newark Enterprises corporation (gnec) provided financial and technical assistance to numerous clients which include small businesses owned by women, low income individuals and minorities to encourage…
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Trustee Amit Airen
Treasurer Avi Telyas
Trustee Carlton West
Trustee Chris Murphy
Trustee Derick Mundy
Director Desiree Sealey

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$1,030,000 9 grants
Health & Medicine
$159,362 1 grant
Unspecified
$684,500 5 grants

Financial Trends

Year Revenue Expenses Assets
2025 $2.3M $2.0M $7.6M
2024 $2.9M $1.6M $7.1M
2023 $1.6M $1.8M $5.1M
2022 $2.3M $1.4M $5.1M
2021 $2.9M $857K $3.8M

Between 2021 and 2025, reported annual revenue declined from $2.9M to $2.3M (-19%), with total assets most recently reported at $7.6M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for GREATER NEWARK ENTERPRISES CORP

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