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Nonprofiteer
← NEW JERSEY MANUFACTURING EXTENSION PROGRAM INC

Form 990 for tax year 2022

Filed by NEW JERSEY MANUFACTURING EXTENSION PROGRAM INC.

Totals

Total revenue
$9,501,898
Total expenses
$9,587,935
Contributions and grants received
$5,850,970
Grants paid
$1,356
Program service revenue
$3,639,157
Investment income
$11,771
Other revenue
$0
Total assets, end of year
$3,992,200
Total liabilities, end of year
$1,917,507
Net assets or fund balances, end of year
$2,074,693
Program services expenses (Part IX)
$7,204,740
Management and general expenses
$2,383,195
Fundraising expenses
$0
Program service expenses (Part III)
$7,204,740

Program services were 75.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DR JOHN W KENNEDY

    PRESIDENT/CEO

    Total calculated
    $302,911
    From this org
    $292,214
    From related orgs
    $0
    Other
    $10,697
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $292,214
    Bonus
    $0
    Other
    $0
    Deferred
    $7,929
    Nontaxable benefits
    $2,768
    Filer's total
    $302,911

  • ROBYN CASABONA

    SENIOR DIRECTOR OF FINANCE

    Total calculated
    $182,837
    From this org
    $162,807
    From related orgs
    $0
    Other
    $20,030
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,807
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,030
    Filer's total
    $182,837

  • Fady Mdeway

    Director - Innovational Advanc

    Total calculated
    $160,194
    From this org
    $126,381
    From related orgs
    $0
    Other
    $33,813
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,381
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $33,813
    Filer's total
    $160,194

  • Stacy Cooke

    Senior Account Manager

    Total calculated
    $148,185
    From this org
    $141,561
    From related orgs
    $0
    Other
    $6,624
    Hours/week
    40

  • Daniel Deutsch

    Engineering Manager

    Total calculated
    $140,816
    From this org
    $136,052
    From related orgs
    $0
    Other
    $4,764
    Hours/week
    40

  • Stephanie Casano

    Director - Compliance and qual

    Total calculated
    $130,941
    From this org
    $116,637
    From related orgs
    $0
    Other
    $14,304
    Hours/week
    40

  • Robert Monaco

    Sales Manager

    Total calculated
    $121,025
    From this org
    $119,571
    From related orgs
    $0
    Other
    $1,454
    Hours/week
    40

  • Peter Connolly

    Chief Operating Officer

    Total calculated
    $88,007
    From this org
    $88,007
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • JOHN BAKER

    TREASURER, Trustee

    Total calculated
    $0
    Hours/week
    2

  • Dieter Weissenreider

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • AMY ESKILSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GARY FAILS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Howard McIlvaine

    CHAIRMAN, Trustee

    Total calculated
    $0
    Hours/week
    2

  • 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

  • MITCH CAHN

    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

  • Steven Gerber

    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
2022
Filed
31 August 2023
IRS schema version
2022v5.0
Source object
202333109349303918

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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