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New Jersey Children's Foundation

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

EIN: 831290193 ✦ Newark, NJ ✦ Designated as a 501(c)(3)

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Overview

What is New Jersey Children's Foundation?

The New Jersey Children's Foundation, located at ONE GATEWAY CENTER in Newark, New Jersey, is a nonprofit organization that has been operating for four years. Their primary mission is to enhance public education systems by prioritizing the needs of children. Despite the challenges posed by the pandemic, they continued to support school leaders and community-based organizations. The Foundation invests in people, programs, and partnerships to drive positive change in education. During this period, they made significant strides towards achieving their organizational goals, all while ensuring the welfare of children remained at the forefront. The organization employs a modest workforce of five individuals.


Official website here: www.njchildren.org

What are the reviews and ratings of this charity?

**Rating: 86% (Three-Star out of Four Star rating on Charity Navigator)**

The New Jersey Children's Foundation has earned an 86% overall score from Charity Navigator, primarily driven by its strong performance in accountability and finance metrics. The organization demonstrates solid governance practices, with a fully independent board and comprehensive oversight protocols in place. This indicates a commitment to maintaining transparency and responsible financial management, which is crucial for donor trust.

Strengths include a remarkable program expense ratio of 95.37%, showcasing that a significant portion of its funds are allocated to programs rather than administrative costs. However, there are notable limitations in fundraising efficiency and working capital, which may indicate challenges in resource generation and financial liquidity. These factors could affect the foundation's ability to sustain long-term initiatives.

Unfortunately, user reviews from GreatNonprofits could not be retrieved, limiting consumer insights into the organization's on-the-ground impact. Overall, while the financial health and governance of the New Jersey Children's Foundation appear sound, potential donors should consider the reported efficiency challenges.


This AI summary has been generated from information found on Charity Navigator.

Is New Jersey Children's Foundation legitimate?

New Jersey Children's Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Jersey Children's Foundation 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: $393,302
Professional Fundraising Fees: $0
Other Salaries and Wages: $260,744

For more financial information, click here


Official website here: www.njchildren.org

What is the mission statement of New Jersey Children's Foundation?

The New Jersey Children's Foundation's mission is to invest in individuals, programs, and partnerships that aim to enhance public education systems, prioritizing the needs of children. This non-profit organization works towards improving education by supporting school leaders and community-based organizations during challenging times, such as the pandemic, while also making strides towards achieving its organizational goals.


Official website here: www.njchildren.org

Who is the CEO of New Jersey Children's Foundation?

Kyle Rosenkrans is the Board Chair of New Jersey Children's Foundation.


Official website here: www.njchildren.org

What is the revenue of New Jersey Children's Foundation?

New Jersey Children's Foundation's revenue in 2022 was $9,796,996.


Official website here: www.njchildren.org

Who are the executives of New Jersey Children's Foundation and what are their salaries?

The average compensation at New Jersey Children's Foundation during 2022 was $130,809. There are 5 employees at New Jersey Children's Foundation.


Here are 7 key members and their salaries:


Everett Johnson (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Shafer (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Hui (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Modia Butler (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shennell S Barnes-Mccloud (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyle Rosenkrans (Executive Director)
  • Compensation: $188,950
  • Related: $0
  • Other: $18,189
Kennisha Miles (Deputy Director)
  • Compensation: $128,298
  • Related: $0
  • Other: $8,358


Official website here: www.njchildren.org

Where can I find the form 990 for New Jersey Children's Foundation?

New Jersey Children's Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.njchildren.org

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

Mission Statement of New Jersey Children's Foundation

The New Jersey Children's Foundation is committed to investing in individuals, programs, and partnerships that aim to enhance public education systems. Their mission is driven by the belief in prioritizing the interests of children. This nonprofit organization works towards improving public education systems by providing support to school leaders and community-based organizations (CBOs). Despite facing challenges during the pandemic, the New Jersey Children's Foundation continued to uphold its mission, ensuring that it supported school leaders and CBOs throughout this period.

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Impact




July, 2024

The New Jersey Children's Foundation has made a significant impact by investing in people, programs, and partnerships that prioritize the interests of children in public education systems. Operating for four years, the foundation has supported school leaders and community-based organizations, particularly during the challenges posed by the pandemic. Their focus on improving public education in Newark, New Jersey, has contributed to advancing organizational goals and positively impacting the lives of children in the community.




This information is meant to be a general summary of New Jersey Children's Foundation. 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
$9,796,996 (2022)
Expenses
$7,080,522 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $9,796,996

Assets and Liabilities:

  • Total Assets: $7,913,501
  • Total Liabilities: $108,207
  • Net Assets: $7,805,294

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Organization Details

Founding Year

2018

Principal Officer

Kyle Rosenkrans

Main Address

ONE GATEWAY CENTER 2600, NEWARK, NJ, 07102

NTEE Category

Code: B90 - Education

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