Form 990 for tax year 2023
Filed by NEW JERSEY MANUFACTURING EXTENSION PROGRAM INC.
Totals
- Total revenue
- $10,234,669
- Total expenses
- $10,136,267
- Contributions and grants received
- $6,808,093
- Grants paid
- $12,533
- Program service revenue
- $3,412,507
- Investment income
- $14,069
- Other revenue
- $0
- Total assets, end of year
- $4,380,378
- Total liabilities, end of year
- $2,236,801
- Net assets or fund balances, end of year
- $2,143,577
- Program services expenses (Part IX)
- $7,696,105
- Management and general expenses
- $2,440,162
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $7,696,105
Program services were 75.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
1e · Government grants (contributions)
$6,808,093
-
1f · All other contributions, gifts and grants
$0
-
2a · Program service revenue: TRAINING AND CONSULTING PROGRAMS
total $3,226,161 · related or exempt $3,226,161
-
2b · Program service revenue: MANUFACTURING DAY
total $186,346 · related or exempt $186,346
-
3 · Investment income
total $18,040 · excluded $18,040
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $132,060
-
7b · Less cost or other basis and sales expenses
securities $136,031
-
7c · Gain or loss
securities -$3,971
-
7d · Net gain or loss
total -$3,971 · excluded -$3,971
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $12,533 · program services $12,533
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $627,364 · program services $8,051 · management and general $619,313
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $3,478,980 · program services $2,820,633 · management and general $658,347
-
8 · Pension plan contributions
total $66,234 · program services $44,951 · management and general $21,283
-
9 · Other employee benefits
total $621,861 · program services $422,038 · management and general $199,823
-
10 · Payroll taxes
total $376,092 · program services $255,242 · management and general $120,850
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $21,003 · management and general $21,003
-
11c · Fees: accounting
total $46,000 · management and general $46,000
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $6,589 · management and general $6,589
-
11g · Fees: other
total $2,799,515 · program services $2,698,698 · management and general $100,817
-
12 · Advertising and promotion
total $761,426 · program services $761,426
-
13 · Office expenses
total $349,744 · program services $234,037 · management and general $115,707
-
14 · Information technology
total $254,409 · management and general $254,409
-
15 · Royalties
total $0
-
16 · Occupancy
total $242,527 · program services $138,615 · management and general $103,912
-
17 · Travel
total $179,600 · program services $179,600
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $39,939 · program services $15,692 · management and general $24,247
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $77,541 · program services $77,541
-
23 · Insurance
total $39,265 · program services $27,048 · management and general $12,217
-
24a · Other expenses: BAD DEBT EXPENSE
total $135,645 · management and general $135,645
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,627 · end of year $37,203
-
2 · Savings and temporary cash investments
beginning of year $484,568 · end of year $504,329
-
3 · Pledges and grants receivable
beginning of year $1,410,421 · end of year $991,837
-
4 · Accounts receivable
beginning of year $670,829 · end of year $660,623
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $42,365 · end of year $119,411
-
10a · Land, buildings and equipment: cost or other basis
$936,489
-
10b · Land, buildings and equipment: accumulated depreciation
$274,459
-
10c · Land, buildings and equipment, net
beginning of year $349,268 · end of year $662,030
-
11 · Investments: publicly traded securities
beginning of year $489,714 · end of year $583,762
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $542,408 · end of year $821,183
-
17 · Accounts payable and accrued expenses
beginning of year $1,198,197 · end of year $918,314
-
18 · Grants payable
beginning of year $249,732 · end of year $321,591
-
19 · Deferred revenue
beginning of year $130,778 · end of year $158,973
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $338,800 · end of year $837,923
-
27 · Net assets without donor restrictions
beginning of year $2,074,693 · end of year $2,143,577
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
STRENGTHEN MANUFACTURERS COMPETITIVENESS BY ENHANCING PRODUCTIVITY, PERFORMANCE AND PROFITABILITY. AS A TRUSTED ADVISOR TO NEW JERSEY MANUFACTURERS, WE LEVERAGE OUR STAFF AND RESOURCES TO HELP IDENTIFY AREAS OF IMPROVEMENT AND STREAMLINE PROCESSES.
Activities or mission (Part I)
TO IMPROVE THE PROFITABILITY AND COMPETITIVENESS ON NEW JERSEY'S MANUFACTURERS.
-
Since 1996 NJMEP utilizing staff expertise and collaborative partnerships, enhances operational performance and productivity, drives new product development, market expansion, workforce development training and Certification Programs, and technology adoption for New Jersey's manufacturers.
Expenses $7,696,105 · Grants $12,533 · Revenue $3,412,507
As filed on the 2023 return.
Listed in Part VII
-
Peter Connolly
PRESIDENT
- Total calculated
- $326,686
- From this org
- $267,675
- From related orgs
- $0
- Other
- $59,011
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $267,675
- Bonus
- $0
- Other
- $0
- Deferred
- $22,202
- Nontaxable benefits
- $36,809
- Filer's total
- $326,686
-
DR JOHN W KENNEDY
CEO (Thru 05/31/23)
- Total calculated
- $209,574
- From this org
- $196,270
- From related orgs
- $0
- Other
- $13,304
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $196,270
- Bonus
- $0
- Other
- $0
- Deferred
- $13,304
- Nontaxable benefits
- $0
- Filer's total
- $209,574
-
ROBYN CASABONA
SENIOR DIRECTOR OF FINANCE
- Total calculated
- $194,704
- From this org
- $171,552
- From related orgs
- $0
- Other
- $23,152
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $171,552
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $23,152
- Filer's total
- $194,704
-
STEPHANIE CASANO
DIRECTOR -COMPLIANCE & QUALITY
- Total calculated
- $173,805
- From this org
- $132,303
- From related orgs
- $0
- Other
- $41,502
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $132,303
- Bonus
- $0
- Other
- $0
- Deferred
- $29,813
- Nontaxable benefits
- $11,689
- Filer's total
- $173,805
-
DANIEL DEUTSCH
ENGINEERING MANAGER
- Total calculated
- $157,786
- From this org
- $136,833
- From related orgs
- $0
- Other
- $20,953
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $136,833
- Bonus
- $0
- Other
- $0
- Deferred
- $17,762
- Nontaxable benefits
- $3,191
- Filer's total
- $157,786
-
SALLY WHITE
SR.DIR BUSINESS DEV&OPERATIONS
- Total calculated
- $150,000
- From this org
- $150,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Andrew Duda
DIRECTOR OF OPERATIONS
- Total calculated
- $146,921
- From this org
- $125,029
- From related orgs
- $0
- Other
- $21,892
- Hours/week
- 40
-
STACY COOKE
SENIOR ACCOUNT MANAGER
- Total calculated
- $142,758
- From this org
- $128,645
- From related orgs
- $0
- Other
- $14,113
- Hours/week
- 40
-
Howard McIlvaine
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
JOHN BAKER
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
GARY FAILS
TRUSTEE (THRU DEC 2023)
- Total calculated
- $0
- Hours/week
- 1
-
AMY ESKILSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dieter Weissenreider
TRUSTEE (THRU DEC 2023)
- Total calculated
- $0
- Hours/week
- 1
-
MITCH CAHN
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
DONALD SEBASTIAN
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
VICTOR J SORDILLO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DAX STROHMEYER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
GAIL FRIEDBERG ROTTENSTRICH
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
CASEY MUENCH BICKHARDT
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
KEVIN LYONS
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Irina Rapoport
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jay Budd
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Andre DiMino
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sal Anderton
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
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
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- FORM 990, SCHEDULE J, PART I, LINE 7
- NJMEP PROVIDES FOR EXECUTIVE BONUSES BASED ON RESULTS OF CLIENT SATISFACTION, REVENUE MEETING OR EXCEEDING GOALS AND COMPLETION OF SALARY SURVEYS APPLICABLE TO THE INDUSTRY. EXECUTIVE BONUSES ARE RECOMMENDED BY THE CEO/PRESIDENT TO THE CHAIR/compensation COMMITTEE OF THE BOARD, WHO PRESENTS IT TO THE REST OF THE BOARD FOR APPROVAL. THE CEO/President's BONUS PLAN IS INCLUDED WITHIN AN EMPLOYMENT CONTRACT and reviewed and approved by the compensation committee based on the criteria in the agreement.
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202401309349300410
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