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Nonprofiteer
← COMMUNITY FOUNDATION OF NEW JERSEY

Form 990 for tax year 2024

Filed by COMMUNITY FOUNDATION OF NEW JERSEY.

Totals

Total revenue
$211,932,280
Total expenses
$118,241,011
Contributions and grants received
$154,976,648
Grants paid
$100,567,062
Program service revenue
$4,580,745
Investment income
$52,465,894
Other revenue
-$91,007
Total assets, end of year
$1,000,436,937
Total liabilities, end of year
$39,194,089
Net assets or fund balances, end of year
$961,242,848
Program services expenses (Part IX)
$116,229,015
Management and general expenses
$1,438,351
Fundraising expenses
$573,645
Program service expenses (Part III)
$116,229,015

Program services were 98.3% 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.

  • 1c · Fundraising events

    $821,796

  • 1f · All other contributions, gifts and grants

    $154,154,852

  • 1g · Noncash contributions included above

    $51,783,822

  • 2a · Program service revenue: ADMINISTRATIVE

    total $4,580,745 · related or exempt $4,580,745

  • 3 · Investment income

    total $29,263,933 · unrelated business -$62,179 · excluded $29,326,112

  • 7a · Gross sales of assets other than inventory

    securities $128,457,433

  • 7b · Less cost or other basis and sales expenses

    securities $105,255,472

  • 7c · Gain or loss

    securities $23,201,961

  • 7d · Net gain or loss

    total $23,201,961 · excluded $23,201,961

  • 8a · Fundraising events: gross income

    $279,283

  • 8a · Fundraising events: contributions included on line 1c

    $821,796

  • 8b · Fundraising events: direct expenses

    $370,290

  • 8c · Net income from fundraising events

    total -$91,007 · excluded -$91,007

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $97,657,860 · program services $97,657,860

  • 2 · Grants to domestic individuals

    total $1,501,265 · program services $1,501,265

  • 3 · Grants to foreign organizations and individuals

    total $1,407,937 · program services $1,407,937

  • 5 · Compensation of officers, directors and key employees

    total $1,302,053 · program services $868,357 · management and general $230,843 · fundraising $202,853

  • 7 · Other salaries and wages

    total $1,836,729 · program services $1,223,030 · management and general $325,484 · fundraising $288,215

  • 8 · Pension plan contributions

    total $113,656 · program services $76,541 · management and general $20,210 · fundraising $16,905

  • 9 · Other employee benefits

    total $197,871 · program services $133,255 · management and general $35,185 · fundraising $29,431

  • 10 · Payroll taxes

    total $208,988 · program services $140,741 · management and general $37,162 · fundraising $31,085

  • 11b · Fees: legal

    total $60,776 · management and general $60,776

  • 11f · Fees: investment management

    total $6,978,809 · program services $6,978,809

  • 11g · Fees: other

    total $641,492 · program services $454,807 · management and general $181,529 · fundraising $5,156

  • 12 · Advertising and promotion

    total $95,148 · program services $21,267 · management and general $73,881

  • 13 · Office expenses

    total $109,847 · program services $30,645 · management and general $79,202

  • 14 · Information technology

    total $179,182 · program services $16,640 · management and general $162,542

  • 16 · Occupancy

    total $67,288 · program services $16,459 · management and general $50,829

  • 17 · Travel

    total $81,698 · program services $35,839 · management and general $45,859

  • 22 · Depreciation, depletion and amortization

    total $50,665 · management and general $50,665

  • 23 · Insurance

    total $69,105 · program services $8,155 · management and general $60,950

  • 24a · Other expenses: CHARITABLE PARTNERSHIPS

    total $5,646,763 · program services $5,646,763

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $33,879 · program services $10,645 · management and general $23,234

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,112,477 · end of year $14,019,092

  • 2 · Savings and temporary cash investments

    beginning of year $126,790,037 · end of year $116,724,008

  • 3 · Pledges and grants receivable

    beginning of year $20,296,254 · end of year $20,236,254

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,527,772 · end of year $3,668,886

  • 10a · Land, buildings and equipment: cost or other basis

    $442,813

  • 10b · Land, buildings and equipment: accumulated depreciation

    $327,129

  • 10c · Land, buildings and equipment, net

    beginning of year $166,349 · end of year $115,684

  • 11 · Investments: publicly traded securities

    beginning of year $638,000,738 · end of year $751,183,710

  • 12 · Investments: other securities

    beginning of year $70,784,550 · end of year $94,232,542

  • 15 · Other assets

    beginning of year $415,448 · end of year $256,761

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,498,184 · end of year $2,809,735

  • 18 · Grants payable

    beginning of year $6,558,803 · end of year $9,259,054

  • 25 · Other liabilities

    beginning of year $28,340,013 · end of year $27,125,300

  • 27 · Net assets without donor restrictions

    beginning of year $686,074,767 · end of year $785,668,338

  • 28 · Net assets with donor restrictions

    beginning of year $141,621,858 · end of year $175,574,510

Mission and programs · 2024

Mission

TO CONNECT DONORS TO ORGANIZATIONS, ISSUES AND GEOGRAPHIC AREAS IMPORTANT TO THEM OVER TIME, TO PROVIDE LEADERSHIP AND SUPPORT TO DONORS, COMMUNITY ORGANIZATIONS, LEADERS AND FOUNDATIONS TO ACHIEVE THE ART OF LASTING PHILANTHROPY.

Activities or mission (Part I)

TO CONNECT DONORS TO ORGANIZATIONS, PROVIDE LEADERSHIP AND SUPPORT TO DONORS, COMMUNITY ORGANIZATIONS, LEADERS AND FOUNDATIONS TO ACHIEVE THE ART OF LASTING PHILANTHROPY.

  • SINCE 1979, THE COMMUNITY FOUNDATION OF NEW JERSEY (CFNJ) HAS BEEN A TRUSTED PARTNER IN THE STATE WORKING WITH HUNDREDS OF FAMILIES, BUSINESSES, AND FOUNDATIONS TO TURN PRIVATE RESOURCES INTO CHARITABLE FUNDS THAT BENEFIT CAUSES AND COMMUNITIES. FROM CREATIVE PROJECTS THAT TACKLE CRITICAL SOCIETAL OR POLICY ISSUES TO SCHOLARSHIP FUNDS, CORPORATE PHILANTHROPY, LEGACY FUNDS AND DONOR ADVISED FUNDS, THE COMMUNITY FOUNDATION MANAGES NEARLY EVERY KIND OF GIVING VEHICLE AND TAILORS SOLUTIONS TO MEET CRITICAL NEEDS. CFNJ MADE 8,340 INDIVIDUAL GRANTS IN 2024 TOTALING $124 MILLION. CFNJ CURRENTLY STEWARDS MORE THAN $950 MILLION IN CHARITABLE ASSETS, MAKING GRANTS TO NONPROFIT ORGANIZATIONS IN LINE WITH THE ADVICE OF ACTIVE FUNDHOLDERS OR PHILANTHROPIC GOALS OF THOSE WHO LEAVE BEQUESTS.

    Expenses $100,567,062 · Grants $100,567,062 · Revenue $4,580,745

  • THE COMMUNITY FOUNDATION OF NEW JERSEY (CFNJ) SPONSORS SEVERAL SPECIAL PROJECTS EACH YEAR, OFTEN INITIATED TO ADDRESS AN URGENT OR REGION-SPECIFIC NEED.

    Expenses $12,625,572

  • OTHER PROGRAM SERVICE EXPENSES INCLUDING SALARIES, EMPLOYEE BENEFITS AND VARIOUS OTHER EXPENSES TO CARRY OUT THE FOUNDATION'S MISSION AND PROGRAMS.

    Expenses $3,036,381

As filed on the 2024 return.

Listed in Part VII

  • Aiysha Johnson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ayo Sanderson Wilson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Barbara Lawrence

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Christine Lacroix

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dawn M Lauer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dennis G Wilson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Elena J Richards

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Eva Turbiner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Gail Mandel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Gary Fisch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Gerard G Brew Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Hans Dekker

    TRUSTEE, PRESIDENT/CEO

    Total calculated
    $677,240
    From this org
    $610,439
    From related orgs
    $0
    Other
    $66,801
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $459,923
    Bonus
    $150,000
    Other
    $516
    Deferred
    $30,500
    Nontaxable benefits
    $36,301
    Filer's total
    $677,240

  • Harry O'Mealia

    TRUSTEE AND TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Kevin Cummings

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kim M Wentworth

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kimberly Banks MacKay

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Lou Vetere

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Marc Adee

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Michael Murphy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Paulette Brown Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Tamara Linde

    TRUSTEE AND CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Amanda Kwai Pun

    CFO

    Total calculated
    $76,358
    From this org
    $70,705
    From related orgs
    $0
    Other
    $5,653
    Hours/week
    40

  • Carolyn Lange

    OUTGOING CFO, ASSISTANT TREASURER

    Total calculated
    $198,378
    From this org
    $174,723
    From related orgs
    $0
    Other
    $23,655
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $94,643
    Bonus
    $80,000
    Other
    $80
    Deferred
    $11,731
    Nontaxable benefits
    $11,924
    Filer's total
    $198,378

  • Faith Krueger

    COO, ASSISTANT SECRETARY

    Total calculated
    $209,676
    From this org
    $176,421
    From related orgs
    $0
    Other
    $33,255
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,897
    Bonus
    $10,000
    Other
    $1,524
    Deferred
    $30,500
    Nontaxable benefits
    $2,755
    Filer's total
    $209,676

  • Madeline Rivera

    PROGRAM OFFICER, ASSISTANT SECRETARY

    Total calculated
    $140,401
    From this org
    $90,749
    From related orgs
    $0
    Other
    $49,652
    Hours/week
    37.5

  • Aaron Turner

    CHIEF PHILANTHROPIC OFFICER

    Total calculated
    $284,326
    From this org
    $262,131
    From related orgs
    $0
    Other
    $22,195
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,951
    Bonus
    $40,000
    Other
    $180
    Deferred
    $22,195
    Nontaxable benefits
    $0
    Filer's total
    $284,326

  • Anthony Fraizer

    EXECUTIVE DIRECTOR

    Total calculated
    $219,307
    From this org
    $172,008
    From related orgs
    $0
    Other
    $47,299
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $161,918
    Bonus
    $10,000
    Other
    $90
    Deferred
    $21,159
    Nontaxable benefits
    $26,140
    Filer's total
    $219,307

  • Erik Estrada

    COMMUNITY MANAGER

    Total calculated
    $128,233
    From this org
    $118,481
    From related orgs
    $0
    Other
    $9,752
    Hours/week
    40

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 · Compensation committee
  • 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)

PART I, LINE 7
PART II, COLUMN B(II) INCLUDES AMOUNTS REPRESENTING BONUS PAYMENTS. THESE AMOUNTS WERE APPROVED BY THE BOARD AND INCLUDED IN THE INDIVIDUAL'S 2024 FROM W-2.

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

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CFNJ NEWS LLC

    CIVIC JOURNALISM · NJ · income $0 · assets $0

    Directly controlled by COMMUNITY FOUNDATION OF NEW JERSEY

  • CFNJ METSUDOT LLC

    NJ · income $0 · assets $0

    Directly controlled by COMMUNITY FOUNDATION OF NEW JERSEY

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202543189349311964

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

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