Overview
What is Invest Newark A New Jersey Nonprofit Corp?
Invest Newark A New Jersey Nonprofit Corp, located at 111 Mulberry Street LL, Newark, NJ 07102, is a dedicated organization focused on fostering small business development, particularly for minorities. Their mission encompasses retaining and expanding existing businesses, enhancing the capacity of small and minority enterprises, executing economic development activities, and promoting sustainable economic growth. To achieve these goals, Invest Newark facilitates small business loans, expands initiatives to provide minority businesses with more access to credit, contracting opportunities, and technical assistance. Additionally, they promote home ownership through their land bank and real estate programs. With a team of 19 employees, Invest Newark is committed to empowering and supporting small and minority businesses in Newark, New Jersey.
Official website here: www.investnewark.org
Is Invest Newark A New Jersey Nonprofit Corp legitimate?
Invest Newark A New Jersey Nonprofit Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Invest Newark A New Jersey Nonprofit Corp 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.
Here are some key statistics you may want to consider:
Executive Compensation: $1,482,079
Professional Fundraising Fees: $0
Other Salaries and Wages: $430,870
For more financial information, click here
What is the mission statement of Invest Newark A New Jersey Nonprofit Corp?
Invest Newark, a New Jersey-based nonprofit corporation, is committed to retaining and fostering the growth of businesses in its community. Its mission extends to enhancing the capacity of small and minority businesses, executing economic development activities, and promoting sustainable economic growth. To achieve this, Invest Newark facilitates small business loans and expands initiatives to provide these businesses with more access to credit, contracting opportunities, and technical assistance. The organization also promotes homeownership through its land bank and various real estate programs.
Official website here: www.investnewark.org
Who is the CEO of Invest Newark A New Jersey Nonprofit Corp?
Kevin Collins is the Cfo of Invest Newark A New Jersey Nonprofit Corp. The CEO's salary of Invest Newark A New Jersey Nonprofit Corp is $114,231 and their total compensation is $140,167.
Official website here: www.investnewark.org
What is the revenue of Invest Newark A New Jersey Nonprofit Corp?
Invest Newark A New Jersey Nonprofit Corp's revenue in 2022 was $6,698,200.
Official website here: www.investnewark.org
Who are the executives of Invest Newark A New Jersey Nonprofit Corp and what are their salaries?
The average compensation at Invest Newark A New Jersey Nonprofit Corp during 2022 was $100,682. There are 19 employees at Invest Newark A New Jersey Nonprofit Corp.
Here are 16 key members and their salaries (Invest Newark A New Jersey Nonprofit Corp's CEO's salary is $114,231 and their total compensation is $140,167):
- Kevin Collins (Cfo)
- Roy Southerland (Chief Investment Officer,05/16/2022)
- Jereri Edwards (Svp Of Finance)
- Roger Johnson (Real Estate Officer)
- Marcus Randolphfrom 05162022 (President & Ceo)
- Vanessa Quijano Until 061522 (Svp Of Business Development)
- Roger Soares Until 022822 (Comptroller Sr Accountant)
- Cedric Bennet (Member) [Trustee/Director]
- Kevin Lyons (Member) [Trustee/Director]
- Lamonica Mciver (Member) [Trustee/Director]
- Allison Ladd (Chairperson) [Trustee/Director]
- Joe Freiser (Co-Chairperson) [Trustee/Director]
- Richard Cammarieri (Member) [Trustee/Director]
- Jeanique Druses (Member) [Trustee/Director]
- Carlos Gonzalez (Member) [Trustee/Director]
- Bisola Taiwo From 08242022 (Member) [Trustee/Director]
Official website here: www.investnewark.org
Where can I find the form 990 for Invest Newark A New Jersey Nonprofit Corp?
The Invest Newark A New Jersey Nonprofit Corp’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.investnewark.org
Learn more at the official website: www.investnewark.org
Mission Statement of Invest Newark A New Jersey Nonprofit Corp
Invest Newark, a New Jersey-based nonprofit corporation, is committed to retaining and fostering the growth of businesses within its community. Its mission extends beyond this, as it also aims to enhance the capacity of small and minority-owned businesses, initiate and execute economic development activities, and ultimately promote sustainable economic growth.
To achieve these goals, Invest Newark has implemented various strategies. One of its key initiatives involves facilitating small business loans, thereby providing financial support to businesses that may struggle to secure funding elsewhere. Furthermore, Invest Newark has expanded upon this initiative, working towards giving small and minority businesses more access to credit, contracting opportunities, and technical assistance. This holistic approach aims to promote the development of small and minority businesses, fostering a thriving and diverse business landscape.
Additionally, Invest Newark is dedicated to promoting home ownership within the community. It accomplishes this through its Land Bank and real estate programs. The Land Bank, in particular, allows Invest Newark to acquire vacant or abandoned properties, which can then be redeveloped or sold to eligible homebuyers, thereby contributing to the revitalization of the community. In this way, Invest Newark is not only supporting the growth of businesses but also working to create stable and prosperous communities.
Impact
This information is meant to be a general summary of Invest Newark A New Jersey Nonprofit Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Invest Newark has played a crucial role in facilitating small business loans and expanding initiatives to provide small and minority businesses with increased access to credit, contracting opportunities, and technical assistance. This has helped promote the development of small minority businesses, contributing to economic growth and prosperity in Newark, New Jersey. Additionally, Invest Newark is actively promoting homeownership through its land bank and real estate programs, furthering community improvement and empowerment.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER INCOME
Revenue
$426,860
NEWARK FIBER
Revenue
$136,645
INTEREST
Revenue
$84,150
LOAN INTEREST
Revenue
$67,212
Organization Details
Founding Year
2007
Phone
(973) 273-1040
Principal Officer
Kevin Collins
Main Address
111 MULBERRY STREET LL, NEWARK, NJ, 07102
Website
www.investnewark.org
NTEE Category
Code: S30 - Community improvement
If you are a representative of Invest Newark A New Jersey Nonprofit Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.