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Jumpstart New Jersey Angel Network Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 463077589 ✦ Bloomfield, NJ ✦ Designated as a 501(c)(6)

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Overview

What is Jumpstart New Jersey Angel Network Inc?

Jumpstart New Jersey Angel Network Inc is a nonprofit organization situated in Bloomfield, New Jersey. Their primary role is to facilitate and coordinate engagements between member angel investors and emerging technology businesses primarily based in New Jersey and the Mid-Atlantic region. They screen potential investments in these enterprises and offer a platform for education. Regular meetings are held to connect angel investors with emerging technology businesses, fostering an environment of collaboration and knowledge sharing.


Official website here: www.jumpstartnj.org

Is Jumpstart New Jersey Angel Network Inc legitimate?

Jumpstart New Jersey Angel Network Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Jumpstart New Jersey Angel Network Inc submitted a form 990EZ, 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: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.jumpstartnj.org

What is the mission statement of Jumpstart New Jersey Angel Network Inc?

Jumpstart New Jersey Angel Network Inc's mission is focused on facilitating and coordinating activities for angel investors. The organization screens potential investments in emerging technology businesses primarily located in New Jersey and the Mid-Atlantic region. They provide a platform for networking and education, hosting meetings to connect angel investors with emerging technology enterprises. The primary goal is to support the growth and development of these businesses.


Official website here: www.jumpstartnj.org

What is the revenue of Jumpstart New Jersey Angel Network Inc?

Jumpstart New Jersey Angel Network Inc's revenue in 2024 was $108,562.


Official website here: www.jumpstartnj.org

Who are the executives of Jumpstart New Jersey Angel Network Inc and what are their salaries?

Here are 10 key members and their salaries:


Sharon Waters (Managing Director)
  • Compensation: $51,600
  • Related: $0
  • Other: $0
Ted Chan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Lerner (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Dyer (Chairman Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon C Hughes (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rudy Valli (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Wink (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mario Casabona (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Spivack (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harry Sangree (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.jumpstartnj.org

Where can I find the form 990EZ for Jumpstart New Jersey Angel Network Inc?

Jumpstart New Jersey Angel Network Inc's most recent form 990EZ was submitted in 2024 and can be accessed here.


Official website here: www.jumpstartnj.org

Learn more at the official website: www.jumpstartnj.org

Mission Statement of Jumpstart New Jersey Angel Network Inc

Jumpstart New Jersey Angel Network, as an organization, focuses on facilitating and coordinating activities for its member angel investors. Their primary mission is to screen potential investments in emerging technology businesses and other enterprises, predominantly based in New Jersey and the Mid-Atlantic region. By doing so, they aim to provide a platform where angel investors can connect with innovative startups. Additionally, they offer educational forums to enhance the understanding and skills of the angel investors, thereby contributing to the growth of the startup ecosystem.

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Impact




October, 2024

Jumpstart New Jersey Angel Network Inc significantly impacts the entrepreneurial landscape by facilitating connections between savvy angel investors and emerging technology businesses primarily in New Jersey and the Mid-Atlantic region. By screening potential investment opportunities, they ensure that promising enterprises receive the financial backing needed to innovate and grow.

The network creates a dynamic forum for education, helping both investors and entrepreneurs understand the nuances of financing and developing technology-driven ventures. Through organized meetings and events, they foster collaboration and knowledge sharing, which are crucial for the success of startups in a competitive market.

Additionally, by concentrating on local businesses, Jumpstart plays a vital role in community improvement, encouraging economic development and job creation within the region. This emphasis on supporting emerging companies not only strengthens the local economy but also enhances the technological ecosystem, positioning New Jersey as a hub for innovation.




This information is meant to be a general summary of Jumpstart New Jersey Angel Network 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.

Revenue
$108,562 (2024)
Expenses
$93,107 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $3,114
  • Gross Receipts: $108,562

Assets and Liabilities:

  • Total Assets: $123,214
  • Total Liabilities: $0
  • Net Assets: $123,214

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Organization Details

Principal Officer

Sharon Waters

NTEE Category

Code: S41 - Community improvement

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