Overview
What is Garden State Initiative Inc?
Garden State Initiative Inc, based in Morristown, New Jersey, is a nonprofit organization dedicated to promoting job growth and economic development in the state. They achieve this goal through research and fact-based policy analysis, advocating for tax reform, reducing excessive government spending, and investing in infrastructure. The organization's mission is to provide an alternative, common-sense voice and offer policy solutions that foster new investment, business growth, economic opportunities, and innovation for the benefit of all New Jersey residents. With a small team of one dedicated individual, Garden State Initiative Inc aims to strengthen New Jersey by offering practical solutions that drive the state's economic growth.
Official website here: www.gardenstateinitiative.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Garden State Initiative Inc has achieved an impressive score of 96%, reflecting exceptional accountability and financial stewardship. The charity's strong performance in this area is underscored by its commitment to transparency and effective governance, with a board that consists entirely of independent members. The organization has also demonstrated responsible financial management, evidenced by a low liabilities to assets ratio and a high program expense ratio, with over 82% of its expenses going directly to programs.
The charity has robust policies in place, including conflict of interest and whistleblower policies, contributing to its high scores in accountability. It also maintains proper documentation practices, like thorough board meeting minutes and an oversight committee for financial statements, ensuring that operations are both transparent and well-managed. Overall, these strengths highlight Garden State Initiative Inc's dedication to ethical practices and effective resource allocation.
While the data presents a very positive view of the organization’s financial health and governance, there are no noted limitations in the provided information. Future evaluations may benefit from insights into program outcomes and community impact to further enhance understanding of the charity's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Garden State Initiative Inc legitimate?
Garden State Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Garden State Initiative 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: $110,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,167
For more financial information, click here
Official website here: www.gardenstateinitiative.org
What is the mission statement of Garden State Initiative Inc?
Garden State Initiative Inc's mission is to contribute to the strength of the state by offering an alternative perspective and commonsense policy solutions. The primary objective of this organization is to enhance New Jersey by providing an alternative voice and practical policy solutions that foster new investment, business growth, the creation of economic opportunities, and innovation for the benefit of all residents. They accomplish this by promoting job growth through research and fact-based policy analysis, focusing on tax reform, reducing exorbitant government spending, and investing in infrastructure to drive and deliver economic growth.
Official website here: www.gardenstateinitiative.org
Who is the CEO of Garden State Initiative Inc?
Regina M Egea is the Secretary of Garden State Initiative Inc.
Official website here: www.gardenstateinitiative.org
What is the revenue of Garden State Initiative Inc?
Garden State Initiative Inc's revenue in 2022 was $532,960.
Official website here: www.gardenstateinitiative.org
Who are the executives of Garden State Initiative Inc and what are their salaries?
The average compensation at Garden State Initiative Inc during 2022 was $119,167. There is 1 employee and 7 volunteers at Garden State Initiative Inc.
Here are 8 key members and their salaries:
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- Compensation: $110,000
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Official website here: www.gardenstateinitiative.org
Where can I find the form 990 for Garden State Initiative Inc?
Garden State Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gardenstateinitiative.org
Learn more at the official website: www.gardenstateinitiative.org
Mission Statement of Garden State Initiative Inc
Garden State Initiative Inc, a nonprofit organization, aims to strengthen New Jersey by offering an alternative voice and commonsense policy solutions. Their primary purpose is to promote new investment, business growth, and the creation of economic opportunities for all New Jerseyans. To achieve this, they focus on research and fact-based policy analysis, specifically in the areas of tax reform, reducing unaffordable state government spending, and investing in infrastructure that drives and delivers economic growth. By doing so, Garden State Initiative Inc seeks to foster a more prosperous and thriving state for its residents.
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Impact
July, 2024
Garden State Initiative Inc's impact can be seen in its efforts to strengthen New Jersey by providing an alternative voice and common-sense policy solutions. Through research and fact-based policy analysis, the organization promotes job growth, tax reform, reducing unaffordable state government spending, and infrastructure investments that drive economic growth in New Jersey. By advocating for these initiatives, Garden State Initiative Inc contributes to the promotion of new investment, the growth of businesses, the creation of economic opportunities, and innovation for the benefit of all New Jersey residents.
This information is meant to be a general summary of Garden State Initiative 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: $19
- Gross Receipts: $543,008
Assets and Liabilities:
- Total Assets: $213,131
- Total Liabilities: $28,064
- Net Assets: $185,067
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Organization Details
Founding Year
2016
Phone
(862) 345-7275Principal Officer
Regina M Egea
Main Address
PO BOX 9180, MORRISTOWN, NJ, 07963
NTEE Category
Code: W05 - Public benefit
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