Public Charity

CHOOSE NEW JERSEY INC

Based in NEWARK, NJ, CHOOSE NEW JERSEY INC operates as a Public Charity. The organization reported $20.9M in revenue, $21.1M in expenses, $8.2M in total assets for fiscal year 2024. Imperigo tracks 8 reported grant relationships connected to this organization totaling approximately $682K.

EIN: 272903875 NEWARK, NJ Economic Development NTEE: S30 Latest filing: 2024
Total Revenue$20.9M
Total Expenses$21.1M
Total Assets$8.2M
Grant Records8
Funding Total$682K
Filing Years2019–2024

Mission

CHOOSE NEW JERSEY IS A PRIVATELY FUNDED 501 C(3) ECONOMIC DEVELOPMENT ORGANIZATION WITH A MISSION TO STIMULATE JOB CREATION AND ATTRACT CAPITAL INVESTMENT TO NEW JERSEY. CHOOSE NEW JERSEY MARKETS NEW JERSEY BOTH DOMESTICALLY AND INTERNATIONALLY AS THE BEST PLACE TO GROW A BUSINESS IN THE UNITED STATES. KNOWLEDGEABLE, EXPERIENCED STAFF, SUPPORTED BY A NETWORK OF STATE AGENCIES AND PRIVATE PARTNERS, PROVIDE FREE, CONFIDENTIAL ASSITSANCE TO GUIDE COMPANIES IN ESTABLISHING OPERATIONS IN NEW JERSEY. BY HARNESSING THE POWER OF BUSINESS,LABOR, ACADEMIC, AND GOVERNMENT LEADERS, CHOOSE NEW JERSEY ENABLES GROWTH ACROSS ALL SECTORS OF THE STATE'S ECONOMY, ASPIRING TO BUILD A STRONGER AND MORE PROSPEROUS NEW JERSEY FOR ALL.

Where $100 goes at Choose New Jersey Inc

How Choose New Jersey Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$83 Programs the work itself
$11 Management running the organization
$6 Fundraising raising the next dollar

Inside the $83 for programs

$31
Choose New Jersey was awarded a $5 million business marketing grant from the new jersey department of state
37% of program spending
$23
Business attraction and retention efforts
27% of program spending
$16
Integrated marketing and media relations
20% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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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.

Officers & Directors

MARKETING COMMITTEE CHAIR Bill Smith
DIRECTOR Braxton Plummer
DIRECTOR Brian Quigley
DIRECTOR OF MARKETING Carly Wronko
DIRECTOR Chris Boerner
DIRECTOR Elise Aronson

Officer compensation and complete director data available with membership.

Top Grant Purposes

Fundraising & Sponsorship
$74,970 3 grants
Unspecified
$607,000 5 grants

Financial Trends

Year Revenue Expenses Assets
2024 $20.9M $21.1M $8.2M
2023 $13.2M $13.2M $7.3M
2022 $8.2M $7.4M $10.6M
2020 $6.7M $6.2M $5.4M
2019 $4.5M $4.9M $3.1M

Between 2019 and 2024, reported annual revenue grew from $4.5M to $20.9M (+361%), with total assets most recently reported at $8.2M.

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

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