Overview
What is Research And Development Council Of New Jersey Inc?
Research and Development Council of New Jersey Inc, based in Chatham, New Jersey, is a prominent nonprofit organization. Its primary mission is to foster research and development (R&D) in the state and champion excellence in STEM (Science, Technology, Engineering, and Mathematics) education. The council achieves this by collating and dispersing relevant information, serving as a bridge between various stakeholders, and spearheading initiatives to enhance R&D and STEM education across New Jersey. It operates as a strategic alliance involving over 500 representatives from various sectors, including education, business, non-profits, and government, who convene quarterly to address challenges and propose solutions for the state's STEM pipeline. Furthermore, the council oversees five recognized STEM learning ecosystems, contributing to New Jersey's reputation as a global leader in the STEM industry.
Official website here: www. rdnj.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating
The Research and Development Council of New Jersey Inc has received an overall score of 84%, indicating a solid performance primarily in the area of accountability and finance. The organization boasts a fully independent board, which is a positive aspect of its governance structure, as all members are independent. Additionally, the financial statements are audited and show no material diversion of assets, which demonstrates fiscal responsibility.
While the organization excels in many areas, there are a few notable limitations in its policies. The charity is missing key governance documents, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. Furthermore, the tax form is not posted on the nonprofit's website as required, which could affect transparency and stakeholder trust.
Despite these shortcomings, the program expense ratio is commendable at 79.55%, indicating that a significant portion of expenditures is dedicated to program services rather than administrative costs. Overall, the organization's strengths in financial accountability are evident, though addressing the policy gaps could enhance its overall effectiveness and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Research And Development Council Of New Jersey Inc legitimate?
Research And Development Council Of New Jersey Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Research And Development Council Of New Jersey Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $100,981
Other Salaries and Wages: $0
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Official website here: www. rdnj.org
What is the mission statement of Research And Development Council Of New Jersey Inc?
The Research and Development Council of New Jersey Inc. is committed to advancing research and development in the field of STEM and promoting excellence in STEM education. This is achieved by collecting and disseminating information, facilitating interactions between stakeholders and constituents, and developing and implementing programs related to research and STEM education across the state. The Council is a key player in the New Jersey STEM Pathways Network, a strategic alliance that aims to foster a 21st-century workforce in STEM, ensuring New Jersey remains a leader in the global STEM industry. This network includes over 500 representatives from various sectors and focuses on early learning, computer science, teacher training, and workforce development. The Council also manages five recognized STEM learning ecosystems within New Jersey.
Official website here: www. rdnj.org
Who is the CEO of Research And Development Council Of New Jersey Inc?
Anthony Cicatiello is the President of Research And Development Council Of New Jersey Inc.
Official website here: www. rdnj.org
What is the revenue of Research And Development Council Of New Jersey Inc?
Research And Development Council Of New Jersey Inc's revenue in 2022 was $867,528.
Official website here: www. rdnj.org
Who are the executives of Research And Development Council Of New Jersey Inc and what are their salaries?
Here are 31 key members and their salaries:
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Official website here: www. rdnj.org
Where can I find the form 990 for Research And Development Council Of New Jersey Inc?
Research And Development Council Of New Jersey Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www. rdnj.org
Learn more at the official website: www. rdnj.org
Mission Statement of Research And Development Council Of New Jersey Inc
The Research and Development Council of New Jersey Inc, in its mission, seeks to foster advancements in research and development within the state and promote excellence in STEM education. It achieves this by gathering and disseminating relevant information, facilitating collaboration between stakeholders and constituents, and initiating and executing programs related to research and development, as well as STEM education, throughout New Jersey. By doing so, the organization aims to maintain New Jersey's status as a leading competitor in the global STEM industry, drawing on its rich history of innovation.
The Council's efforts are spearheaded by the New Jersey STEM Pathways Network, a strategic alliance comprising over 500 representatives from various sectors including education, business, non-profits, and government. These representatives come together on a regular basis to address challenges and propose solutions in relation to the state's STEM pipeline. The Council further supports this network through four working groups that focus on early learning, computer science, teacher training and recruitment, and workforce development. Additionally, the organization manages five STEM learning ecosystems, which have earned national recognition for their contributions to STEM education and workforce development in New Jersey.
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Impact
October, 2024
The Research and Development Council of New Jersey Inc plays a pivotal role in strengthening the state's position in research and development while also enhancing STEM education. By fostering collaboration among over 500 stakeholders from various sectors—including K-12 and higher education, business, non-profits, and government—the Council actively cultivates a robust workforce prepared for the demands of the 21st century.
Through initiatives like the New Jersey STEM Pathways Network, the Council addresses critical issues within the STEM pipeline, ensuring that New Jersey remains a leader in innovation. This public-private alliance focuses on attracting, cultivating, and retaining talent in STEM fields, which is essential for sustaining the state's global competitiveness. The network's quarterly meetings facilitate ongoing dialogue among diverse representatives, leading to actionable solutions that support early learning, computer science, teacher training, and workforce development.
Moreover, the Council's management of New Jersey's five nationally recognized STEM learning ecosystems underscores its commitment to fostering an environment of educational excellence and research advancement. By promoting excellence in STEM education and the dissemination of vital research information, the Research and Development Council of New Jersey Inc significantly impacts both local communities and the broader scientific landscape, contributing to the development of skilled professionals who will drive future innovations.
This information is meant to be a general summary of Research And Development Council Of New Jersey Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $670,778
- Gross Receipts: $867,528
Assets and Liabilities:
- Total Assets: $556,651
- Total Liabilities: $0
- Net Assets: $556,651
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CS4NJ
Revenue
$61,000
Governor's STEM
Revenue
$35,000
Patent Awards Dinner
Revenue
$178,700
STEM Pathway
Revenue
$395,230
Student Scholarship
Revenue
$848
Organization Details
Founding Year
1962
Phone
(973) 274-8336Principal Officer
Anthony Cicatiello
Main Address
14 Fairmount Avenue 13, Chatham, NJ, 07928
Website
www. rdnj.orgNTEE Category
Code: U03 - Science research
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