Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $6,153,323

• 2a · Program service revenue: MEMBERSHIP DUES

  total $138,011,439 · related or exempt $138,011,439

• 2b · Program service revenue: CONFERENCES

  total $861,045 · excluded $861,045

• 2c · Program service revenue: CONVENTION

  total $369,193 · excluded $369,193

• 2d · Program service revenue: PUBLICATION INCOME

  total $187,241 · unrelated business $187,241

• 2e · Program service revenue: ROYALTY INCOME

  total $68,669 · excluded $68,669

• 2f · All other program service revenue

  total $48,790 · related or exempt $48,790

• 3 · Investment income

  total $9,149,614 · excluded $9,149,614

• 6a · Gross rents

  real property $41,090

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $41,090

• 6d · Net rental income or loss

  total $41,090 · excluded $41,090

• 7a · Gross sales of assets other than inventory

  securities $6,698,245 · other assets $364,243

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

  securities $6,572,228 · other assets $243,139

• 7c · Gain or loss

  securities $126,017 · other assets $121,104

• 7d · Net gain or loss

  total $247,121 · excluded $247,121

• 11a · Other revenue: OTHER INCOME

  total $17,532 · excluded $17,532

• 11e · Other revenue, total

  $17,532

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $11,802,742

• 2 · Grants to domestic individuals

  total $25,000

• 4 · Benefits paid to or for members

  total $183,247

• 5 · Compensation of officers, directors and key employees

  total $3,969,358

• 7 · Other salaries and wages

  total $33,964,157

• 8 · Pension plan contributions

  total $7,856,648

• 9 · Other employee benefits

  total $17,809,692

• 10 · Payroll taxes

  total $2,754,158

• 11b · Fees: legal

  total $12,600,984

• 11c · Fees: accounting

  total $156,692

• 11f · Fees: investment management

  total $670,216

• 11g · Fees: other

  total $2,870,731

• 12 · Advertising and promotion

  total $5,749,192

• 13 · Office expenses

  total $3,873,845

• 14 · Information technology

  total $2,154,029

• 16 · Occupancy

  total $3,481,926

• 17 · Travel

  total $3,381,081

• 19 · Conferences, conventions and meetings

  total $4,564,456

• 21 · Payments to affiliates

  total $5,650,247

• 22 · Depreciation, depletion and amortization

  total $2,704,135

• 23 · Insurance

  total $594,399

• 24a · Other expenses: ORGANIZING EXPENSES

  total $8,338,939

• 24b · Other expenses: TRAINING PROG. & SERV.

  total $2,937,525

• 24c · Other expenses: PUBLIC/GOVERNMENT RELAT

  total $598,116

• 24d · Other expenses: COMMITTEE EXPENSES

  total $156,564

• 24e · All other expenses

  total $220,483

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $28,158,180 · end of year $26,724,821

• 2 · Savings and temporary cash investments

  beginning of year $507,746 · end of year $541,751

• 4 · Accounts receivable

  beginning of year $847,512 · end of year $391,911

• 8 · Inventories for sale or use

  beginning of year $4,136 · end of year $130,936

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,034,903 · end of year $1,057,158

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

  $46,274,847

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

  $29,545,853

• 10c · Land, buildings and equipment, net

  beginning of year $17,563,402 · end of year $16,728,994

• 11 · Investments: publicly traded securities

  beginning of year $154,413,715 · end of year $163,755,493

• 12 · Investments: other securities

  beginning of year $14,713,296 · end of year $13,820,702

• 14 · Intangible assets

  end of year $7,290,967

• 15 · Other assets

  beginning of year $27,322,102 · end of year $19,977,115

• 17 · Accounts payable and accrued expenses

  beginning of year $6,075,605 · end of year $6,137,987

• 19 · Deferred revenue

  beginning of year $1,183,776 · end of year $1,527,891

• 25 · Other liabilities

  beginning of year $55,043,974 · end of year $21,677,936

• 27 · Net assets without donor restrictions

  beginning of year $181,934,301 · end of year $220,760,198

• 28 · Net assets with donor restrictions

  beginning of year $327,336 · end of year $315,836

The filer's explanations (Part III)

PART I, LINE 1A

AS PART OF THEIR COMPENSATION ARRANGEMENTS THE OFFICERS OF NJEA RECEIVE THE FOLLOWING ALLOWANCES: ALL THREE OFFICERS RECEIVE A $1,000 CLOTHING ALLOWANCE. THE NJEA PRESIDENT RECEIVES $2,000 FOR COMPANION TRAVEL; THE NJEA VICE PRESIDENT AND SECRETARY-TREASURER EACH RECEIVE $1,000 FOR COMPANION TRAVEL.

SCHEDULE J, PART II, COLUMN C:

THE AMOUNTS REPORTED ON SCHEDULE J, PART II, COLUMN C REPRESENT ACTUARIAL PROJECTIONS OF THE FUTURE LIFETIME VALUE OF PENSION BENEFITS, AND ARE RECALCULATED EVERY YEAR UNTIL RETIREMENT. THOSE NUMBERS CAN VARY DRAMATICALLY FROM YEAR TO YEAR BASED ON MANY FACTORS. THESE FACTORS INCLUDE: ADDITIONAL BENEFIT ACCRUALS EARNED DURING THE YEAR CHANGE IN ASSUMPTIONS (PRIMARILY DISCOUNT RATE) TIME-VALUE OF MONEY (I.E., DISCOUNTING ONE YEAR LESS TO COMMENCEMENT AS COMPARED TO LAST YEAR) CHANGE IN STATUS, IF APPLICABLE (E.G., FROM ACTIVE TO RETIREE) REGARDING THE SECOND BULLET ABOVE, THE APPLICABLE DISCOUNT RATE EACH YEAR IS DETERMINED BASED ON MARKET CONDITIONS AS OF AUGUST 31ST. FOR YEARS IN WHICH THERE IS A SIGNIFICANT DECREASE IN DISCOUNT RATE, THE CORRESPONDING LIABILITY UNDER THE PENSION PLAN WILL INCREASE. CONVERSELY, FOR YEARS IN WHICH THERE IS A SIGNIFICANT INCREASE IN DISCOUNT RATE, THE CORRESPONDING LIABILITY MAY DECREASE, DESPITE THE FACT THAT PARTICIPANTS HAVE EARNED AN ADDITIONAL YEAR OF BENEFIT ACCRUAL. REGARDING THE IMPACT OF A CHANGE IN STATUS, SPECIFICALLY FOR A PARTICIPANT THAT RETIRES FROM ACTIVE EMPLOYMENT DURING THE YEAR AT AN AGE EARLIER THAN EXPECTED, THIS WILL RESULT IN AN INCREASE IN LIABILITY. THE REASON FOR THIS IS BECAUSE THE PARTICIPANT IS NOW RECEIVING THEIR PENSION BENEFIT FOR A LONGER PERIOD OF TIME THAN PREVIOUSLY VALUED.