Form 990 for tax year 2023
Filed by NEW JERSEY STATE CHAMBER OF COMMERCE.
Totals
- Total revenue
- $3,141,097
- Total expenses
- $3,170,158
- Contributions and grants received
- $111,430
- Grants paid
- $2,350
- Program service revenue
- $2,958,893
- Investment income
- $68,066
- Other revenue
- $2,708
- Total assets, end of year
- $2,857,419
- Total liabilities, end of year
- $1,142,093
- Net assets or fund balances, end of year
- $1,715,326
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$111,430
-
2a · Program service revenue: MEMBERSHIP DUES
total $1,277,991 · related or exempt $1,277,991
-
2b · Program service revenue: CONFERENCES
total $1,165,280 · related or exempt $1,165,280
-
2c · Program service revenue: CORNERSTONE DUES
total $437,265 · related or exempt $437,265
-
2d · Program service revenue: OTHER PROGRAM SERVICE
total $61,908 · related or exempt $61,908
-
2e · Program service revenue: PUBLICATIONS
total $12,300 · unrelated business $12,300
-
2f · All other program service revenue
total $4,149 · unrelated business $4,149
-
3 · Investment income
total $68,066 · excluded $68,066
-
11a · Other revenue: OTHER
total $2,708 · excluded $2,708
-
11e · Other revenue, total
$2,708
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,350
-
5 · Compensation of officers, directors and key employees
total $754,942
-
7 · Other salaries and wages
total $1,092,918
-
8 · Pension plan contributions
total $35,141
-
9 · Other employee benefits
total $206,035
-
10 · Payroll taxes
total $122,217
-
11c · Fees: accounting
total $31,425
-
11g · Fees: other
total $91,029
-
12 · Advertising and promotion
total $3,793
-
13 · Office expenses
total $73,575
-
16 · Occupancy
total $55,188
-
17 · Travel
total $14,428
-
19 · Conferences, conventions and meetings
total $435,119
-
22 · Depreciation, depletion and amortization
total $27,910
-
23 · Insurance
total $30,234
-
24a · Other expenses: FEDERAL INCOME TAXES
total $986
-
24b · Other expenses: SPECIAL PROJECTS
total $118,575
-
24c · Other expenses: DUES AND PUBLICATIONS
total $30,239
-
24d · Other expenses: MAINTENANCE AND REPAIRS
total $27,799
-
24e · All other expenses
total $16,255
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $500 · end of year $500
-
2 · Savings and temporary cash investments
beginning of year $2,238,543 · end of year $2,173,381
-
4 · Accounts receivable
beginning of year $182,468 · end of year $181,212
-
9 · Prepaid expenses and deferred charges
beginning of year $53,456 · end of year $56,088
-
10a · Land, buildings and equipment: cost or other basis
$1,598,829
-
10b · Land, buildings and equipment: accumulated depreciation
$1,201,207
-
10c · Land, buildings and equipment, net
beginning of year $416,546 · end of year $397,622
-
15 · Other assets
beginning of year $23,623 · end of year $48,616
-
17 · Accounts payable and accrued expenses
beginning of year $323,225 · end of year $192,516
-
19 · Deferred revenue
beginning of year $823,901 · end of year $901,071
-
25 · Other liabilities
beginning of year $23,623 · end of year $48,506
-
27 · Net assets without donor restrictions
beginning of year $272,710 · end of year $265,794
-
28 · Net assets with donor restrictions
beginning of year $1,471,677 · end of year $1,449,532
Mission and programs · 2023
Mission
THE NEW JERSEY STATE CHAMBER OF COMMERCE PROMOTES A VIBRANT BUSINESS ENVIRONMENT AND ECONOMIC PROSPERITY THROUGH VISION, EXPERTISE AND INNOVATIVE SOLUTIONS.
Activities or mission (Part I)
TO PROMOTE A VIBRANT BUSINESS ENVIRONMENT AND ECONOMIC PROSPERITY.
-
THE NEW JERSEY CHAMBER'S GOVERNMENT RELATIONS TEAM IN 2023 PROVIDED BUSINESS ADVOCACY, INCLUDING INTERACTIONS WITH LEGISLATORS AND MEMBERS OF THE GOVERNOR'S CABINET TO DISCUSS WAYS TO REDUCE TAXES AND BURDENSOME REGULATIONS, AND TO PROMOTE POLICIES THAT HELP THE STATE'S ECONOMY AND BUSINESSES GROW AND THRIVE. ADDITIONALLY, THE CHAMBER HOSTED A SERIES OF IN-PERSON EVENTS THAT CONNECT THE STATE'S BUSINESS AND POLITICAL LEADERS, INCLUDING A BUSINESS ROUNDTABLE SERIES OF LIVE EVENTS FEATURING LEGISLATORS AND CABINET MEMBERS. THE N.J. CHAMBER ALSO ESTABLISHED AND MEETS REGULARLY WITH THE CHAMBER ALLIANCE, A COALITION OF EXECUTIVES FROM LOCAL AND REGIONAL CHAMBERS OF COMMERCE TO DISCUSS BUSINESS ISSUES OF COMMON INTEREST AND HOW TO ADDRESS THEM TOGETHER.
-
THE NEW JERSEY CHAMBER OF COMMERCE IN 2023 HOSTED IN-PERSON AND VIRTUAL NETWORKING EVENTS WHERE EXECUTIVES FROM CHAMBER MEMBER COMPANIES CONNECTED AND MET PROSPECTIVE CUSTOMERS/CLIENTS. IN 2023, WITH A CONTINUED FOCUS ON DIVERSITY AND INCLUSION, THE N.J. CHAMBER TEAMED UP WITH THE AFRICAN AMERICAN CHAMBER OF COMMERCE OF NEW JERSEY TO HOST THE DE&I TRAILBLAZER AWARDS RECEPTION THAT RECOGNIZED NEW JERSEY COMPANIES THAT DEMONSTRATE TANGIBLE AND MEASURABLE PROGRESS IN DIVERSITY, EQUITY AND INCLUSION. IN 2023, THE N.J. CHAMBER ALSO HOSTED THE RENEW JERSEY BUSINESS SUMMIT & EXPO IN ATLANTIC CITY WHERE PANELS OF EXPERTS DISCUSSED AND PROPOSED SOLUTIONS TO THE STATE'S BIGGEST ECONOMIC CHALLENGES. IT'S ATTRACTED 850 BUSINESS LEADERS, AND 80 VENDORS WHO SHOWCASED THEIR TRADES AND SERVICES.
-
THE NEW JERSEY CHAMBER SUPPORTS EDUCATION AND WORKFORCE READINESS, WITH PROGRAMMING TO HELP THE NEXT GENERATION OF WORKERS PREPARE FOR THE COMPETITIVE WORLDS OF COLLEGE ADMISSIONS AND EMPLOYMENT. THE N.J. CHAMBER ALSO PRODUCED A SERIES OF WEBINARS TO DISCUSS AND OFFER PRACTICAL ADVICE ON HOT-BUTTON ISSUES FACING NEW JERSEY'S SMALL BUSINESSES. THE CHAMBER ALSO SENDS MEMBERS AN ELECTRONIC NEWSLETTER, CALLED NJ CHAMBEREDGE, FEATURING EXCLUSIVE ARTICLES WITH EXPERT ADVICE ON IMPORTANT MATTERS RANGING FROM JOB RECRUITING TO DEVELOPING BUSINESS PROSPECTS.
As filed on the 2023 return.
Listed in Part VII
-
THOMAS BRACKEN
PRESIDENT/CEO
- Total calculated
- $581,112
- From this org
- $558,200
- From related orgs
- $0
- Other
- $22,912
- Hours/week
- 40 + 0.5 related
Schedule J breakdown matched by us
- Base
- $433,200
- Bonus
- $125,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $22,912
- Filer's total
- $581,112
-
MICHAEL EGENTON
VP OF GOVERNMENT AFFAIRS
- Total calculated
- $278,341
- From this org
- $238,801
- From related orgs
- $0
- Other
- $39,540
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $193,801
- Bonus
- $45,000
- Other
- $0
- Deferred
- $7,286
- Nontaxable benefits
- $32,254
- Filer's total
- $278,341
-
KEVIN FRIEDLANDER
VP OF COMMUNICATIONS
- Total calculated
- $215,765
- From this org
- $182,587
- From related orgs
- $0
- Other
- $33,178
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,587
- Bonus
- $15,000
- Other
- $0
- Deferred
- $3,468
- Nontaxable benefits
- $29,710
- Filer's total
- $215,765
-
REBECCA TURETZKIN
VP OF FINANCE
- Total calculated
- $173,829
- From this org
- $146,399
- From related orgs
- $0
- Other
- $27,430
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $124,399
- Bonus
- $22,000
- Other
- $0
- Deferred
- $4,612
- Nontaxable benefits
- $22,818
- Filer's total
- $173,829
-
DONNA CUSTARD
PRESIDENT - NJ CHAMBER FDN
- Total calculated
- $172,291
- From this org
- $147,552
- From related orgs
- $0
- Other
- $24,739
- Hours/week
- 40 + 0.5 related
Schedule J breakdown matched by us
- Base
- $147,552
- Bonus
- $0
- Other
- $0
- Deferred
- $4,658
- Nontaxable benefits
- $20,081
- Filer's total
- $172,291
-
NEIL WILDONGER
VP OF OPERATIONS
- Total calculated
- $168,683
- From this org
- $151,101
- From related orgs
- $0
- Other
- $17,582
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $129,101
- Bonus
- $22,000
- Other
- $0
- Deferred
- $4,590
- Nontaxable benefits
- $12,992
- Filer's total
- $168,683
-
RIC PRINCIPATO
CREATIVE DIRECTOR
- Total calculated
- $132,377
- From this org
- $118,383
- From related orgs
- $0
- Other
- $13,994
- Hours/week
- 40
-
GARY DAHMS
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
GIL MEDINA
1ST VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
LISA CHOWANSKY
2ND VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
TED ZANGARI
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
WALTER BRASCH
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
JAMES FAKULT
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
MICHAEL BERNSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
RUTHI BYRNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
TOM BYRNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
WILLIAM CARUSO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MONICA PADOVANO CASIELLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
PATRICIA CLAYBROOK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
PETER COCOZIELLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
HOWARD COHEN CPA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JOHN COLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
THOMAS COMISKEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
RAFAEL CUELLAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
ROBERT CURLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MARK DANIELE ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
ENRICO DELLA CORNA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
SAMUEL DONELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
ERICA DROZD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
BISHOP DAVID EVANS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DALE FAVORS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
W RAYMOND FELTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MADELINE FERRARO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
ALBERTO GAROFALO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
ROBERT GARRETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
THOMAS GEISEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
SANDRA GILYARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
CHRISTOPHER GUITON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
WILLIAM HAGAMAN JR CPA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DR MERODIE HANCOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
KIM HANEMANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
KEVIN HANEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JAMES HANSON II
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JOHN HARMON SR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DEBBIE HART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
LESLIE HIRSCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JON HIRSCHFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DR KIMBERLY KILMER HOLLISTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
ALI HOUSHMAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
PETER J HOVNANIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
RALPH IZZO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
AJ JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JACLYN KATOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DOUG KENNEDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
STEVEN KLEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
LAWRENCE KRAMPF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
PAUL KRIEGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
RONALD S LADELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JOSEPH J LEBEL III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
CHRISTOPHER LEPRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
OLIVER LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DR TEIK LIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
KEVIN LUING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
PETER MANGIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
AMY MANSUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
PAUL MARDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
GENE MCCARTHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MARK MCDONOUGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
BRIAN J MCEVILY ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
CARLOS MEDINA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
PATRICK MIGLIACCIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JACK MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
KARYN MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DOUG MOKOID
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
BRIAN J MOLLOY ESP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
WILL MOREY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MICHAEL MUNOZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
VITO NARDELLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
COLIN NEWMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MELISSA ORSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
CARLOS ORTIZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DR ANDREW PECORA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
BRYAN PICKEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
BRAXTON PLUMMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
ROBERT PODVEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
AARON PRICE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
PAUL PROFETA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MIKE REAGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DR LAMONT REPOLLET ED D
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
STEVEN M ROSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
WILLIAM RUCKERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
NICHOLAS SAN FILIPPO IV
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JEFFREY C SCHEININGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
TOM SCOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
ANTHONY SGAMMATO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DENNIS SHAH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JENNIFER SHIMEK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
KEVIN SLAVIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DEFOREST SOARIES JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DENNIS M TOFT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DIANE WASSER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
KELLY WATSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DENNIS WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART II, COLUMN A, LINE 4
- DONNA CUSTARD IS EMPLOYED BY THE NEW JERSEY STATE CHAMBER OF COMMERCE HOWEVER SHE IS THE PRESIDENT OF A RELATED ORGANIZATION, NEW JERSEY CHAMBER OF COMMERCE FOUNDATION, INC. NEW JERSEY CHAMBER OF COMMERCE FOUNDATION, INC. REIMBURSES THE TAXPAYER FOR SALARIES AND RELATED EXPENSES. DONNA CUSTARD'S COMPENSATION APPROVAL PROCESS FOLLOWS THE TAXPAYER'S PROCESS AS DISCLOSED ON SCHEDULE O. HOWEVER, DONNA'S FINAL SALARY IS BASED ON THE AVAILABILITY OF FUNDING FOR THE NEW JERSEY CHAMBER OF COMMERCE FOUNDATION, INC.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
NEW JERSEY CHAMBER OF COMMERCE FOUNDATION
501(C)(3) · BUILD A HIGHLY QUALIFIED WORKFORCE THROUGH EDUCATION AND TRAINING · NJ · controlled entity
Directly controlled by NEW JERSEY STATE CHAMBER OF COMMERCE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 June 2024
- IRS schema version
- 2023v5.0
- Source object
- 202441649349300744
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.