Public Charity

INVEST NEWARK A NEW JERSEY NONPROFIT CORP

Based in NEWARK, NJ, INVEST NEWARK A NEW JERSEY NONPROFIT CORP operates as a Public Charity. The organization reported $10.3M in revenue, $8.7M in expenses, $35.2M in total assets for fiscal year 2024. Imperigo tracks 12 reported grant relationships connected to this organization totaling approximately $725K.

EIN: 260829057 NEWARK, NJ Economic Development NTEE: S30 Latest filing: 2024
Total Revenue$10.3M
Total Expenses$8.7M
Total Assets$35.2M
Grant Records12
Funding Total$725K
Filing Years2019–2024

Mission

INVEST NEWARK FACILITATED SMALL BUSINESS LOANS AND EXPANDED AN INITIATIVE TO GIVE SMALL AND MINORITY BUSINESSES MORE ACCESS TO CREDIT, CONTRACTING OPPORTUNITIES AND TECHNICAL ASSISTANCE TO PROMOTE SMALL MINORITY BUSINESS DEVELOPMENT.INVEST NEWARK ALSO IS PROMOTING HOME OWNERSHIP THROUGH ITS LAND BANK AND THE REAL ESTATE PROGRAMS.

Where $100 goes at Invest Newark a New Jersey Nonprofit Corp

How Invest Newark a New Jersey Nonprofit Corp divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.

$70 Programs the work itself
$30 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $70 for programs

$44
Real estate dev/land bank
63% of program spending
$26
Small minority business dev/investments & lending
37% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2024
FUND COMMUNITY ACCESSIBILITY PROJECTS
$37,000
2024
COMMUNITY PROGRAMS & GRASSROOTS MOVEMENTS
$25,000
2023
FUND COMMUNITY ACCESSIBILITY PROJECTS
$61,000
2023
TO SUPPORT COMMUNITY ENGAGEMENT IN ARTS AND CULTURE.
$8,092
2022
FUND COMMUNITY ACCESSIBILITY PROJECTS
$62,000

Showing up to 5 of 12 total records — full history available with membership.

Officers & Directors

CHIEF INNOVATIVE ECONOMY OFFICER Aaron Meyerson
CHAIRPERSON Allison Ladd
CHIEF BUSINESS DEVELOPMENT OFFICER Emily Manz
CHIEF REAL ESTATE DEVELOPMENT OFFICER Gregory Good
GENERAL COUNSEL Jeet Gulati
SVP OF FINANCE Jereri Edwards

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$316,000 7 grants
Youth Development
$256,000 1 grant
Fundraising & Sponsorship
$40,000 1 grant
Arts & Culture
$13,092 2 grants
Unspecified
$100,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $10.3M $8.7M $35.2M
2023 $16.5M $6.6M $30.0M
2022 $6.7M $4.0M $20.2M
2020 $4.7M $2.7M $10.8M
2019 $3.1M $2.5M $6.2M

Between 2019 and 2024, reported annual revenue grew from $3.1M to $10.3M (+232%), with total assets most recently reported at $35.2M.

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

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