Skip to content
Nonprofiteer
← NEW JERSEY TUTORING CORPS INC

Form 990 for tax year 2023

Filed by NEW JERSEY TUTORING CORPS INC.

Totals

Total revenue
$3,620,867
Total expenses
$3,824,805
Contributions and grants received
$2,281,777
Grants paid
$0
Program service revenue
$1,309,014
Investment income
$23,418
Other revenue
$6,658
Total assets, end of year
$1,503,618
Total liabilities, end of year
$34,701
Net assets or fund balances, end of year
$1,468,917
Program services expenses (Part IX)
$3,098,091
Management and general expenses
$726,714
Fundraising expenses
$0
Program service expenses (Part III)
$3,098,091

Program services were 81.0% 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)

    $1,500,000

  • 1f · All other contributions, gifts and grants

    $781,777

  • 2a · Program service revenue: PRODUCTION AND SERVICE

    total $1,309,014 · related or exempt $1,309,014

  • 3 · Investment income

    total $41,903 · excluded $41,903

  • 7a · Gross sales of assets other than inventory

    other assets $14,890

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

    securities $130 · other assets $33,245

  • 7c · Gain or loss

    securities -$130 · other assets -$18,355

  • 7d · Net gain or loss

    total -$18,485 · excluded -$18,485

  • 11a · Other revenue: CREDIT CARD REWARDS

    total $6,658 · related or exempt $6,658

  • 11e · Other revenue, total

    $6,658

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $175,892 · program services $142,473 · management and general $33,419

  • 7 · Other salaries and wages

    total $2,429,862 · program services $1,968,188 · management and general $461,674

  • 9 · Other employee benefits

    total $53,819 · program services $43,593 · management and general $10,226

  • 10 · Payroll taxes

    total $299,019 · program services $242,205 · management and general $56,814

  • 11b · Fees: legal

    total $22,540 · program services $18,257 · management and general $4,283

  • 11c · Fees: accounting

    total $4,963 · program services $4,020 · management and general $943

  • 11g · Fees: other

    total $417,915 · program services $338,512 · management and general $79,403

  • 12 · Advertising and promotion

    total $20,315 · program services $16,454 · management and general $3,861

  • 13 · Office expenses

    total $232,440 · program services $188,277 · management and general $44,163

  • 14 · Information technology

    total $9,084 · program services $7,358 · management and general $1,726

  • 16 · Occupancy

    total $12,026 · program services $9,741 · management and general $2,285

  • 17 · Travel

    total $8,162 · program services $6,611 · management and general $1,551

  • 22 · Depreciation, depletion and amortization

    total $55,679 · program services $45,100 · management and general $10,579

  • 23 · Insurance

    total $44,162 · program services $35,771 · management and general $8,391

  • 24a · Other expenses: AWARDS & GIFTS

    total $38,927 · program services $31,531 · management and general $7,396

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,526,715 · end of year $963,908

  • 4 · Accounts receivable

    end of year $458,777

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

    $107,192

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

    $47,641

  • 10c · Land, buildings and equipment, net

    beginning of year $148,475 · end of year $59,551

  • 15 · Other assets

    beginning of year $0 · end of year $21,382

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,335 · end of year $12,802

  • 25 · Other liabilities

    beginning of year $0 · end of year $21,899

  • 27 · Net assets without donor restrictions

    end of year $1,468,917

  • 28 · Net assets with donor restrictions

    beginning of year $1,672,855 · end of year $0

Mission and programs · 2023

Mission

THE NEW JERSEY TUTORING CORPS IS A GROUP OF COMMITTED, VISIONARY EDUCATORS DEVOTED TO GROWING YOUNG MINDS AND STRENGTHENING TEACHING AND LEARNING THROUGH HIGH-DOSAGE TUTORING EXPERIENCES, WHILE GROWING AN EDUCATOR PIPELINE.

  • NEW JERSEY TUTORING CORPS, INC. PROVIDED HIGH-IMPACT TUTORING SERVICES IN LITERACY AND MATHEMATICS DURING THE SUMMER OF 2023 TO OVER 2100 SCHOLARS AT 23 PARTNER LOCATIONS, 19 OF WHICH WERE COMMUNITY ORGANIZATIONS (BOYS AND GIRLS CLUBS AND YMCAS) WHOSE PROGRAMS WERE FUNDED COMPLETELY OR MOSTLY FROM THE $1MM BUDGET APPROPRIATION RECEIVED BY NJTC FROM THE STATE OF NEW JERSEY'S DEPARTMENT OF EDUCATION IN AUGUST 2022.NEW JERSEY TUTORING CORPS, INC. PARTNERED WITH ILEARN SCHOOLS, INC., A CHARTER MANAGEMENT ORGANIZATION, DURING THE 2023-2024 SCHOOL YEAR FOR OUR LARGEST FEE FOR SERVICE PROGRAM TO DATE. THROUGH THIS PROGRAM, WE WERE ABLE TO PROVIDE HIGH-IMPACT TUTORING SERVICES IN LITERACY AND MATHEMATICS TO OVER 500 SCHOLARS AT 10 ILEARN PARTNER LOCATIONS THAT WERE PARTIALLY SUBSIDIZED WITH MATCHING FUNDS THAT CAME FROM THE $1.5MM BUDGET APPROPRIATION RECEIVED BY NJTC FROM THE STATE OF NEW JERSEY'S DEPARTMENT OF EDUCATION IN AUGUST 2023.NEW JERSEY TUTORING CORPS, INC. PARTNERED WITH THE HAMILTON TOWNSHIP SCHOOL DISTRICT DURING THE 2023-2024 SCHOOL YEAR TO PROVIDE HIGH IMPACT TUTORING SERVICES IN LITERACY AND MATHEMATICS TO THEIR SCHOLARS. DURING BOTH THE 2022-2023 SCHOOL YEAR AND SUMMER 2023 PROGRAM, NJTC SERVED 109 HAMILTON SCHOLARS THROUGH A PARTNERSHIP WITH THE HAMILTON YMCA. THE HAMILTON TOWNSHIP SCHOOL DISTRICT WAS SO PLEASED WITH THE WORK THAT NJTC DID DURING THIS TIME, THEY ASKED US TO PARTNER WITH THEM DURING THE 2023-2024 SCHOOL YEAR, WHEN 634 SCHOLARS WERE SERVED AT 17 LOCATIONS. WE HAVE A PENDING PROCUREMENT DECISION TO ALLOW US TO CONTINUE WORKING WITH HAMILTON THIS CURRENT SCHOOL YEAR 24-25.

    Expenses $3,098,091 · Revenue $1,315,672

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Tonya Breland

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Monica Goncalves

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Theresa Maughan

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dean Suzanne McCotter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Corissa Porcelli

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Christina Renna

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Liz Ross

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Annecharico Esq

    GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    1

  • Katherine Bassett

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $175,892
    From this org
    $175,892
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,892
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $175,892

  • Ashley Bencan

    CHIEF OPERATING OFFICER

    Total calculated
    $0
    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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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 November 2024
IRS schema version
2023v5.1
Source object
202413209349322591

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.