Civic Intelligence

New Jersey Education Association

990 • Fiscal year 2021 • EIN 21-0524390

Sep 01, 2020 to Aug 31, 2021 • Filed on Jul 14, 2022

180 W State Street PO Box 1211Trenton, NJ 08607-1211

(609) 599-4561

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

73rd percentile

0.54x

Higher debt load relative to assets than 73% of similar nonprofits.

2021 filings • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

67th percentile

0.78x

Higher debt load relative to revenue than 67% of similar nonprofits.

2021 filings • $100M-$250M nonprofits • Source year 2021

Net Margin

56th percentile

14%

Higher net margin than 56% of similar nonprofits.

2021 filings • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

84th percentile

$878,569

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2021 filings • $100M-$250M nonprofits • Source year 2021

Asset Growth

74th percentile

19%

Faster asset growth than 74% of similar nonprofits.

2021 filings • $100M-$250M nonprofits • Annualized from 2020 to 2021

Revenue Growth

31st percentile

1.8%

Faster revenue growth than 31% of similar nonprofits.

2021 filings • $100M-$250M nonprofits • Annualized from 2020 to 2021

Assets

Up

$222,977,230

Up $35,434,333 (+19%) from 2020

Net Assets

Up

$102,850,815

Up $92,047,127 (+852%) from 2020

Liabilities

Down

$120,126,415

Down $56,612,794 (-32%) from 2020

Revenue

Up

$153,107,939

Up $2,766,752 (+1.8%) from 2020

Expenses

Down

$132,365,362

Down $10,447,577 (-7.3%) from 2020

Net Income

Up

$20,742,577

Up $13,214,329 (+176%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0-$100MAssets 2010: $108,205,975Liabilities 2010: $179,617,123Net Assets 2010: -$71,411,1482010Assets 2011: $108,618,388Liabilities 2011: $147,339,893Net Assets 2011: -$38,721,5052011Assets 2012: $124,555,419Liabilities 2012: $202,063,169Net Assets 2012: -$77,507,7502012Assets 2013: $138,974,725Liabilities 2013: $126,952,850Net Assets 2013: $12,021,8752013Assets 2014: $145,225,434Liabilities 2014: $162,798,545Net Assets 2014: -$17,573,1112014Assets 2015: $143,642,268Liabilities 2015: $169,709,692Net Assets 2015: -$26,067,4242015Assets 2016: $148,127,950Liabilities 2016: $230,831,734Net Assets 2016: -$82,703,7842016Assets 2017: $155,805,772Liabilities 2017: $198,253,648Net Assets 2017: -$42,447,8762017Assets 2018: $163,251,228Liabilities 2018: $130,326,003Net Assets 2018: $32,925,2252018Assets 2019: $179,145,054Liabilities 2019: $214,776,708Net Assets 2019: -$35,631,6542019Assets 2020: $187,542,897Liabilities 2020: $176,739,209Net Assets 2020: $10,803,6882020Assets 2021: $222,977,230Liabilities 2021: $120,126,415Net Assets 2021: $102,850,8152021Assets 2022: $244,564,992Liabilities 2022: $62,303,355Net Assets 2022: $182,261,6372022Assets 2023: $250,419,848Liabilities 2023: $29,343,814Net Assets 2023: $221,076,0342023Assets 2024: $270,562,783Liabilities 2024: $33,311,888Net Assets 2024: $237,250,8952024

Highlighted filing

2021

Assets$222,977,230
Liabilities$120,126,415
Net Assets$102,850,815

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200M$150M$100M$50M$0-$50MExpenses 2010: $108,630,7092010Expenses 2011: $118,033,2372011Expenses 2012: $110,641,8592012Expenses 2013: $123,279,2882013Revenue 2014: $129,647,730Expenses 2014: $128,512,159Net Income 2014: $1,135,5712014Revenue 2015: $134,417,155Expenses 2015: $121,275,349Net Income 2015: $13,141,8062015Revenue 2016: $135,754,495Expenses 2016: $132,644,542Net Income 2016: $3,109,9532016Revenue 2017: $138,707,072Expenses 2017: $139,556,130Net Income 2017: -$849,0582017Revenue 2018: $144,168,394Expenses 2018: $137,503,863Net Income 2018: $6,664,5312018Revenue 2019: $149,947,159Expenses 2019: $116,177,014Net Income 2019: $33,770,1452019Revenue 2020: $150,341,187Expenses 2020: $142,812,939Net Income 2020: $7,528,2482020Revenue 2021: $153,107,939Expenses 2021: $132,365,362Net Income 2021: $20,742,5772021Revenue 2022: $162,747,424Expenses 2022: $137,105,479Net Income 2022: $25,641,9452022Revenue 2023: $155,155,057Expenses 2023: $139,068,562Net Income 2023: $16,086,4952023Revenue 2024: $160,598,801Expenses 2024: $142,074,362Net Income 2024: $18,524,4392024

Highlighted filing

2021

Revenue$153,107,939
Expenses$132,365,362
Net Income$20,742,577
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jul 14, 2022
Return Version
2020v4.2
Gross Receipts
$174,696,917
Mission and Program Overview

Mission

The mission of the new jersey education association is to advance and protect the rights, benefits, and interests of members, and promote a quality system of public education for all students.

This association is established to promote the education interests of the state; to promote equal educational opportunity for all students; to secure and maintain for the office of teaching its true position among the professions; to promote and guard the interests of employees who are in employment categories eligible for membership.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$141,000,974$173,257,182▲ $32,256,208
Land, Buildings, and Equipment, Net$17,755,725$18,954,670▲ $1,198,945
Cash and Non-Interest-Bearing Accounts$16,597,244$13,976,901▼ $2,620,343
Investments Other Securities$8,967,449$10,673,100▲ $1,705,651
Accounts Receivable$986,311$2,966,067▲ $1,979,756
Prepaid Expenses and Deferred Charges$753,021$1,562,926▲ $809,905
Savings and Temporary Cash Investments$503,292$528,797▲ $25,505
Inventories for Sale or Use$30,877$29,500▼ $1,377
Total Assets$187,542,897$222,977,230▲ $35,434,333
Other Assets Total$948,004$1,028,087▲ $80,083
Liabilities
Other Liabilities$171,883,878$115,389,985▼ $56,493,893
Accounts Payable and Accrued Expenses$3,866,650$3,760,954▼ $105,696
Deferred Revenue$988,681$975,476▼ $13,205
Total Liabilities$176,739,209$120,126,415▼ $56,612,794
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,444,853$102,503,479▲ $92,058,626
Net Assets With Donor Restrictions$358,835$347,336▼ $11,499
Total Net Assets Fund Balance$10,803,688$102,850,815▲ $92,047,127
Total Liabilities and Net Assets / Fund Balance$187,542,897$222,977,230▲ $35,434,333

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,455,628$15,976,599$29,432,227
Equipment$2,181,525$5,277,170$7,458,695
Other Land Buildings$1,805,861$3,641,902$5,447,763
Land$1,511,656-$1,511,656

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$3,439,033$229,700▲ $218,186-$3,886,920
2019$3,138,495$236,022▲ $63,969-$3,439,033
2018$3,191,697$231,969▼ $284,624-$3,139,042
2017$2,984,239$187,938▲ $19,520-$3,191,697
2016$2,723,935$74,291▲ $186,013-$2,984,239
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Edward J RichardsonExecutive Director (p)FT$1,035,524$-156,955$878,569
James LoperRegional Director, UniservFT$303,717$364,222$667,939
Kevin KelleherDirector, Research & EconoFT$359,210$241,283$600,493
Marie E BlistanPresidentFT$374,010$152,752$526,762
Steve SwetskyExecutive DirectorFT$414,647$112,026$526,673
Thomas HardyRegional Director, UniservFT$292,655$208,260$500,915
Steven BakerDirector, CommunicationsFT$293,056$184,993$478,049
Karen KryvenComptrollerFT$290,907$139,620$430,527
Michael CohanDirector, Professional DevFT$299,906$128,762$428,668
Matthew DiradoHr ManagerFT$267,082$119,671$386,753
Steve BeattySecretary-treasurerFT$252,968$120,553$373,521
Sean M SpillerVice PresidentFT$246,315$115,867$362,182
Kristen ShermanAccounting and Finance ManFT$232,625$79,879$312,504
Anita KoberExecutive Committee-$4,159-$4,159
Judith C PerkinsExecutive Committee-$4,134-$4,134
Andrew PolicastroExecutive Committee-$4,059-$4,059
Ashanti T RankinExecutive Committee-$4,059-$4,059
Beverly a FiglioliExecutive Committee-$4,059-$4,059
Christine Sampson-clarkExecutive Committee-$4,059-$4,059
Elizabeth MillerExecutive Committee-$4,059-$4,059
James R FrazierExecutive Committee-$4,059-$4,059
Jo-anne a MontantiExecutive Committee-$4,059-$4,059
Kerri Lee FarrellExecutive Committee-$4,059-$4,059
Kimberly L Scott-haydenExecutive Committee-$4,059-$4,059
Laurie T Gibson-parkerExecutive Committee-$4,059-$4,059
Lois YuknaExecutive Committee-$4,059-$4,059
Marilyn EdgeExecutive Committee-$4,059-$4,059
Peter a HelffExecutive Committee-$4,059-$4,059
RICHARD F D'AVANZOExecutive Committee-$4,059-$4,059
Robert M LamorteExecutive Committee-$4,059-$4,059
Susan C ManigliaExecutive Committee-$4,059-$4,059
Susan J DavisExecutive Committee-$4,059-$4,059
Susan McbrideExecutive Committee-$4,059-$4,059
Susan R ValaExecutive Committee-$4,059-$4,059
Susan S ButterfieldExecutive Committee-$4,059-$4,059
Valerie C ReynoldsExecutive Committee-$4,059-$4,059
Deanna J Nicosia-jonesExecutive Committee-$3,567-$3,567
Aaron P HonakerExecutive Committee-$3,461-$3,461
Amy L SalngerExecutive Committee-$3,461-$3,461
Andrew M JacobsExecutive Committee-$3,461-$3,461
Christine OnoratoExecutive Committee-$3,461-$3,461
Francisco C BarquinExecutive Committee-$3,461-$3,461
Ronald F GrecoExecutive Committee-$3,461-$3,461

Board Members and Trustees

NameTitle
Brenda BrathwaiteExecutive Committee
Brian J ReillyExecutive Committee
Esther a FletcherExecutive Committee
Peter J MoranExecutive Committee
Tammi J LeeExecutive Committee

Highest Paid Contractors

ContractorServicesLocationCompensation
New Media FirmConsultant1730 RHODE ISLAND AVE NW STE 213, Washington, DC 20036$11,795,416
Caruso Smith Edell Picini PCLegal Services60 ROUTE 46 EAST, Fairfield, NJ 07004$2,371,122
Selikoff & Cohen PaLegal Services700 EAST GATE DRIVE SUITE 502, Mt Laurel, NJ 08054$2,260,517
Oxfeld Cohen PCLegal Services60 PARK PLACE 6TH FLR, Newark, NJ 07102$1,619,316
Zazzali Fagella Nowak Kleinbaum & FreiLegal Services570 BROAD STREET SUITE 1402, Newark, NJ 07102$1,522,080
Revenue and Support

Revenue Composition

Contributions and Grants
$6,487,831
Program Service Revenue
$137,902,529
Investment Income
$8,673,816
Other Revenue
$43,763
All Other Contributions
$6,487,831
Change in Net Assets
$20,742,577
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$67,287,113
Other Expenses$48,894,181
Grants and Similar Amounts Paid$14,128,116
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$33,572,152
Pension Plan Contributions---$18,970,405
Grants to Domestic Orgs---$14,128,116
Fees for Services Legal---$12,274,475
Other Employee Benefits---$9,078,371
Payments to Affiliates---$5,082,389
Advertising---$4,264,483
Current Officers, Directors, Trustees, and Key Employees---$3,195,208
Office Expenses---$3,144,508
Occupancy---$2,904,051
Depreciation Depletion---$2,749,989
Payroll Taxes---$2,470,977
Information Technology---$2,256,160
Benefits to Members---$2,055,952
Fees for Services Other---$1,392,485
Travel---$990,814
Other Expenses---$711,354
Conferences and Meetings---$701,192
Fees for Service Investment Mgmnt Fees---$624,933
Insurance---$551,119
Fees for Services Accounting---$148,250
All Other Expenses---$111,940
Total Functional Expenses$0$0$0$132,365,362
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Garden State ForwardTrenton, NJN/aFinancial Support$11,586,850
Nj Center for Teaching and LearningMahwah, NJ501(c)(3)Financial Support$750,000
Education Law CenterNewark, NJ501(c)(3)Financial Support$585,000
Sustainable Jersey a Nj Nonprofit CorporationLawrenceville, NJ501(c)(3)Financial Support$250,000
The College of New Jersey Foundation IncEwing, NJ501(c)(3)Financial Support$235,000
Nj Policy Perspective IncTrenton, NJ501(c)(3)Financial Support$204,000
New Jersey Working Families AllianceTrenton, NJ501(c)(4)Financial Support$120,000
Nj Work Environmental CouncilEwing, NJ501(c)(3)Financial Support$105,000
AMERICA'S AGENDA HEALTH CARE FOR ALL INCWashington, DC501(c)(4)Financial Support$50,000
Frederick L Hipp FoundationTrenton, NJ501(c)(3)Financial Support$50,000
Nj Hall of FameIselin, NJ501(c)(3)Financial Support$50,000
Brain Injury of Alliance of New Jersey IncNorth Brunswick, NJ501(c)(3)Financial Support$15,500
Susan G Komen Breast Cancer FoundationLawrenceville, NJ501(c)(3)Financial Support$15,000
Boys & Girls Club of Atlantic City IncAtlantic City, NJ501(c)(3)Financial Support$10,000
Conserve Wildlife Foundation of New JerseyTrenton, NJ501(c)(3)Financial Support$10,000
Great Lakes Center for Education Research and PracticeEast Lansing, MI501(c)(3)Financial Support$10,000
Naacp New Jersey State ConferenceBrigantine, NJ501(c)(4)Financial Support$10,000
The Nea FoundationWashington, DC501(c)(3)Financial Support$10,000
New Jersey PtaMercerville, NJ501(c)(3)Financial Support$5,000
Progress in ActionParamus, NJN/aFinancial Support$5,000
Statewide Parent Advocacy Network IncNewark, NJ501(c)(3)Financial Support$5,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Postretirement Benefits$85,839,141
Accrued Pension Cost$20,532,615
Accrued Vacation & Sick Pay$7,449,509
Deferred Compensation$1,290,747
Current Maturity of Capital Lease Obligations$277,973
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

New jersey education association (njea) is a membership organization. Membership to njea is described in article iii of its constitution which is available upon request.

Form 990, Part VI, Section A, Line 7A

The election of new jersey education association's officers is described in article vii of its constitution which is available upon request.

Form 990, Part VI, Section A, Line 7B

According to article xiv of njea's contitution. Amendments to new jersey education association's constitution may be proposed for consideration by a majority vote of the delegate assembly, or may be proposed by a petition signed by not less than 500 active members of the association. Amendments so proposed shall be published in full in the official publication of the association and shall then be submitted by ballot to the active members of the association under the provisions governing the election of officers. Voting on amendments may take place regardless of whether the election of officers is also taking place. A two-thirds vote of all ballots cast on the amendment shall be necessary for its adoption. Amendement to njea's by-laws must be approved by a majority vote of the executive committee or a majority vote of the delegate assembly. Amendments so proposed shall be submitted to the constitution review committee for reveiw and recommendation and shall be published in the official publication of njea. A three-fourths vote of all members of the delegate assembly shall then be necessary for adoption of such amendments.

Form 990, Part VI, Section B, Line 11B

New jersey education association's form 990 is prepared by its independent accountant. The return is then reviewed by njea's officers and governing body.

Form 990, Part VI, Section B, Line 12C

The organization has a conflict of interest policy for njea officials: no njea official shall, directly or indirectly, have any interest or relationship, take any action or engage in any transaction, or incur any obligation which is in conflict with, or gives the appearance of a conflict with, the proper and faithful performance of his or her njea responsibilities. A copy of the conflict of interest policy is distributed to all njea officials, all candidates for njea office, and all persons who become members of njea committees or are otherwise designated to represent njea each year. A review of the policy and its related procedures are reviewed and presented annually. The current njea staff contracts includes a conflict of interest section, specifically: avoidance of conflict of interest (monitored annually): no njea employee shall accept in any form or by any means anything of value which he/she knows or has reason to believe is offered to him/her with the intent to influence him/her in the performance of his/her njea duties and responsibilities.

Form 990, Part VI, Section B, Line 15

Executive director, management and key employee compensation: the organization collected comparative data from similar state associations to set its executive director, management and key employee compensations schedules. The schedules were presented and approved by its governing body (or executive committee). Officers' compensation: the officers' compensation is calculated based on a formula using members' salaries and average annual increases. This formula is approved by the members of the organization's delegate assembly.

Form 990, Part VI, Section C, Line 19

New jersey education association makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
New Jersey Education Association
EIN
21-0524390
Phone
6095994561
Address
180 W STATE STREET PO BOX 1211, TRENTON, NJ 08607-1211

Signing Officer

Name
Steve Beatty
Title
Vice-president
Phone
6095994561
Signed
2022-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sean M Spiller
Formed
1853
Legal Domicile
Nj
Voting Board Members
38
Independent Board Members
34
Employees
565
Volunteers
0

Preparer

Firm
Novak Francella LLC
Address
40 MONUMENT RD 5TH FLR, BALA CYNWYD, PA 19004
Preparer
Louis Verzella CPA
Phone
6106689400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Pension and post retirement - related charges other than service cost 57,479,200.

Form 990, Part XII, Line 2C

New jersey education association's (njea) governing body is responsible for overseeing the financial statement audit and selection of the independent accountant that performs the audit. Njea's financial statements are prepared on a consolidated basis.

Financial Statement Notes

PART V, LINE 4:

The foundation was organized exclusively for charitable and educational purposes, to advance and improve the quality of education and the teaching profession in new jersey through the study, creation and funding of innovative programs or projects which will further educational and instructional excellence.

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by njea and recognize a tax liability if njea has taken an uncertain position that, more likely than not, would not be sustained upon examination by the u.s. Federal, state, or local taxing authorities. Njea is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Typically, tax years will remain open for three years; however, this may differ depending upon the circumstances of njea.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$271$33.3$237$161$142$18.5
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$250$29.3$221$155$139$16.1
2022Detailed filing. Detailed filing data is available for this year.$245$62.3$182$163$137$25.6
2021Detailed filing. Detailed filing data is available for this year.$223$120$103$153$132$20.7
2020Detailed filing. Detailed filing data is available for this year.$188$177$10.8$150$143$7.53
2019Detailed filing. Detailed filing data is available for this year.$179$215$35.6$150$116$33.8
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$163$130$32.9$144$138$6.66
2017Detailed filing. Detailed filing data is available for this year.$156$198$42.4$139$140$0.85
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$148$231$82.7$136$133$3.11
2015Detailed filing. Detailed filing data is available for this year.$144$170$26.1$134$121$13.1
2014Detailed filing. Detailed filing data is available for this year.$145$163$17.6$130$129$1.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$139$127$12.0$123
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$125$202$77.5$111
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$109$147$38.7$118
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$108$180$71.4$109