Overview
What is Newark Trust For Education Inc?
Newark Trust for Education Inc. is an independent, not-for-profit organization established in New Jersey in 2002. Their primary focus is to drive accountability for high-quality education in Newark by coordinating ideas, resources, and expertise from various sectors. They strive to hold all parties involved responsible for delivering quality education within the city. The organization offers strategic partnership programs to further its mission, aiming to make a significant impact on education in Newark.
Official website here: www.newarktrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Newark Trust For Education Inc has achieved a commendable 96% rating, reflecting a strong commitment to accountability and financial transparency. The rating is based entirely on their performance in the Accountability & Finance beacon, indicating a robust financial management system. The organization boasts a fully independent board, which enhances its governance and decision-making processes.
The nonprofit has demonstrated exceptional oversight with a perfect score in areas such as financial statements and assets management, with no material diversion of assets reported. Their policies on conflicts of interest, whistleblower protections, and document retention further underscore their commitment to integrity and ethical practices. Additionally, a high program expense ratio of 71.42% indicates that a significant portion of their resources is directed toward their programs rather than administrative costs.
On the whole, Newark Trust For Education Inc presents a strong profile in financial health and governance, making it a reliable choice for donors looking to support educational initiatives. The thoroughness in their operational policies and practices suggests a dedication to transparency and accountability in serving their mission.
This AI summary has been generated from information found on Charity Navigator.
Is Newark Trust For Education Inc legitimate?
Newark Trust For Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newark Trust For Education 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: $453,990
Professional Fundraising Fees: $0
Other Salaries and Wages: $762,669
For more financial information, click here
Official website here: www.newarktrust.org
What is the mission statement of Newark Trust For Education Inc?
Newark Trust for Education Inc. is an independent organization that focuses on developing, coordinating, and utilizing resources and expertise to promote accountability for quality education. Established in New Jersey in 2002, the trust aims to improve educational standards by fostering strategic partnerships. Their mission is not limited to their own initiatives, but rather, they hold all relevant parties responsible for ensuring high-quality education.
Official website here: www.newarktrust.org
Who is the CEO of Newark Trust For Education Inc?
Ronald Chaluisan is the Executive Director of Newark Trust For Education Inc.
Official website here: www.newarktrust.org
What is the revenue of Newark Trust For Education Inc?
Newark Trust For Education Inc's revenue in 2022 was $643,493.
Official website here: www.newarktrust.org
Who are the executives of Newark Trust For Education Inc and what are their salaries?
The average compensation at Newark Trust For Education Inc during 2022 was $64,035. There are 19 employees and 14 volunteers at Newark Trust For Education Inc.
Here are 17 key members and their salaries:
- Compensation: $303,677
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- Other: $30,786
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- Other: $14,494
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- Other: $2,250
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Official website here: www.newarktrust.org
Where can I find the form 990 for Newark Trust For Education Inc?
Newark Trust For Education Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newarktrust.org
Learn more at the official website: www.newarktrust.org
Mission Statement of Newark Trust For Education Inc
Newark Trust for Education, an independent organization, is committed to driving the development, coordination, and concentration of ideas, resources, and expertise in the pursuit of quality education in Newark. This nonprofit entity, established in the state of New Jersey as a not-for-profit organization on August 23, 2002, and later undergoing a legal name change to Newark Trust for Education on December 12, 2011, operates with a mission to hold all stakeholders accountable for achieving educational excellence. To achieve this goal, Newark Trust for Education engages in strategic partnerships, leveraging its resources and expertise to bring about meaningful change in the local educational landscape.
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Impact
July, 2024
Newark Trust For Education Inc is an independent organization dedicated to developing, coordinating, and focusing ideas, resources, and expertise to hold everyone in Newark accountable for quality education. Through strategic partnership programs, this organization works towards improving the educational outcomes in Newark, New Jersey. Their impact lies in driving collaboration and accountability within the education sector to ensure that all students have access to a high-quality education.
This information is meant to be a general summary of Newark Trust For Education 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: $4,754
- Program Service Revenue: $112,500
- Gross Receipts: $643,493
Assets and Liabilities:
- Total Assets: $1,529,810
- Total Liabilities: $259,472
- Net Assets: $1,270,338
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES - SWCA
Revenue
$112,500
Organization Details
Founding Year
2002
Phone
(973) 648-0300Principal Officer
Ronald Chaluisan
Main Address
494 Broad Street Suite LL30, Newark, NJ, 07102
Website
www.newarktrust.orgNTEE Category
Code: B90 - Education
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