Overview
What is Newark Alliance Inc?
Newark Alliance Inc is a prominent nonprofit organization based in Newark, New Jersey, with a workforce of 13 individuals. Their primary mission is to revitalize Newark into a more prosperous and secure city for work, residence, education, recreation, and business. They achieve this by collaborating with corporate and community partners, utilizing Newark's competitive resources to stimulate economic growth on a city, state, regional, and national scale. The Alliance has been successful in fostering partnerships with key stakeholders to address critical issues, ultimately advancing Newark's renaissance, aiming to enhance economic conditions and public education in New Jersey's largest city.
Official website here: www.newark-alliance.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Star rating)
Newark Alliance Inc has achieved an impressive 98% rating from Charity Navigator, reflecting its strong performance in both Accountability & Finance and Impact & Measurement. The organization demonstrates exemplary financial practices, with 100% independent board members and no material diversion of assets, indicating a high level of transparency and governance. Its Program Expense Ratio of 74.23% signifies that the majority of its funding is directed towards its programs, which is a positive indicator of its operational efficiency.
Additionally, Newark Alliance Inc scored a perfect 100 in Impact & Measurement, highlighting the effectiveness and success of its programs in fulfilling its mission. This score suggests that the organization not only tracks its impact but also implements robust evaluations to assess its outcomes. The charity's financial health is further illustrated by a low liabilities-to-assets ratio and strong working capital ratio, ensuring sustainability and the ability to support its initiatives over time.
While the data portrays Newark Alliance Inc as a highly reliable and effective nonprofit, the summary does not indicate any specific limitations or areas for improvement. Overall, the organization appears well-equipped to carry out its mission and positively impact the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Newark Alliance Inc legitimate?
Newark Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newark Alliance 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: $265,402
Professional Fundraising Fees: $0
Other Salaries and Wages: $875,216
For more financial information, click here
Official website here: www.newark-alliance.org
What is the mission statement of Newark Alliance Inc?
The Newark Alliance Inc, established by prominent corporate leaders, has a mission to collaborate in improving Newark as a safer and better place for various activities such as work, living, learning, playing, and doing business. Since its inception in 1999, the organization has focused on creating partnerships with key stakeholders to address priority issues, aiming to enhance economic conditions and public education in Newark, the state's largest city. Newark Alliance is a prominent nonprofit organization committed to the ongoing economic revitalization of the city, striving to transform it into a more secure and prosperous environment for its residents and businesses. With the support of corporate and community partners, the Alliance has effectively leveraged Newark's competitive assets to stimulate economic growth not only for the city but also for the state, region, and beyond. Through innovative partnerships with key stakeholders, the Alliance has developed creative solutions and supported major citywide initiatives.
Official website here: www.newark-alliance.org
Who is the CEO of Newark Alliance Inc?
Evan Weiss is the President/Ceo (Ex-Officio) of Newark Alliance Inc. The CEO's salary of Newark Alliance Inc is $248,817 and their total compensation is $265,402.
Official website here: www.newark-alliance.org
What is the revenue of Newark Alliance Inc?
Newark Alliance Inc's revenue in 2022 was $4,232,490.
Official website here: www.newark-alliance.org
Who are the executives of Newark Alliance Inc and what are their salaries?
The average compensation at Newark Alliance Inc during 2022 was $87,740. There are 13 employees and 6 volunteers at Newark Alliance Inc.
Here are 11 key members and their salaries (Newark Alliance Inc's CEO's salary is $248,817 and their total compensation is $265,402):
- Compensation: $248,817
- Related: $0
- Other: $16,585
- Compensation: $169,868
- Related: $0
- Other: $6,307
- Compensation: $134,490
- Related: $0
- Other: $30,760
- Compensation: $138,329
- Related: $0
- Other: $14,249
- Compensation: $123,804
- Related: $0
- Other: $20,387
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.newark-alliance.org
Where can I find the form 990 for Newark Alliance Inc?
Newark Alliance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newark-alliance.org
Learn more at the official website: www.newark-alliance.org
Mission Statement of Newark Alliance Inc
Newark Alliance Inc, a non-profit organization established by leading corporate figures, is committed to collaborating with key stakeholders to enhance the quality of life in Newark. Since its inception in 1999, the organization has focused on addressing critical issues that contribute to the city's revitalization. The ultimate goal is to improve economic conditions and public education, aiming to transform Newark into a safer and more conducive environment for work, learning, play, and business.
With the support of both corporate and community partners, Newark Alliance Inc has effectively leveraged the city's competitive assets to stimulate economic growth not only for Newark but also for the state, region, and beyond. Through innovative partnerships, the organization has developed creative solutions and played a significant role in supporting major citywide initiatives. These initiatives have been instrumental in addressing the city's pressing needs and contributing to its overall development.
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Impact
October, 2024
Newark Alliance Inc significantly contributes to the ongoing economic revitalization of Newark, transforming it into a safer and more vibrant city for residents and visitors. By forming strong partnerships with corporate and community stakeholders, the Alliance effectively leverages Newark's competitive assets to spur economic growth, benefiting not just the city but also the broader state and region.
Through innovative initiatives and creative solutions, Newark Alliance tackles key challenges facing the community, including improving public education and enhancing overall economic conditions. Their commitment to collaboration has led to transformational changes that enhance the quality of life in Newark, making it a more attractive place to work, live, learn, play, and conduct business. As a result, Newark Alliance plays a pivotal role in advancing the city's renaissance, positioning it as one of America's great cities.
This information is meant to be a general summary of Newark Alliance 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.
- Investment Income: $2,647
- Gross Receipts: $4,232,490
Assets and Liabilities:
- Total Assets: $5,683,238
- Total Liabilities: $1,218,322
- Net Assets: $4,464,916
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Organization Details
Founding Year
1999
Phone
(973) 596-6400Principal Officer
Evan Weiss
Main Address
60 PARK PLACE 604, NEWARK, NJ, 07102
Website
www.newark-alliance.orgNTEE Category
Code: T123 - Philanthropy
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