Civic Intelligence

Renaissance Newark Foundation Inc.

990 • Fiscal year 2022 • EIN 22-2281902

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 08, 2023

60 Park Place 1016Newark, NJ 07102

(973) 522-0099

Siviq Scores

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

Liabilities / Assets

87th percentile

0.03x

Higher debt load relative to assets than 87% of similar nonprofits.

2022 filings • NTEE T • <$500k nonprofits • Source year 2022

Liabilities / Revenue

85th percentile

0.03x

Higher debt load relative to revenue than 85% of similar nonprofits.

2022 filings • NTEE T • <$500k nonprofits • Source year 2022

Net Margin

68th percentile

24%

Higher net margin than 68% of similar nonprofits.

2022 filings • NTEE T • <$500k nonprofits • Source year 2022

Top Officer Pay

100th percentile

$229,821

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 139.4% of source-year revenue.

2022 filings • NTEE T • <$500k nonprofits • Source year 2022

Asset Growth

75th percentile

10%

Faster asset growth than 75% of similar nonprofits.

2022 filings • NTEE T • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

81st percentile

90%

Faster revenue growth than 81% of similar nonprofits.

2022 filings • NTEE T • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$211,721

Up $19,817 (+10%) from 2021

Net Assets

Up

$206,265

Up $39,067 (+23%) from 2021

Liabilities

Down

$5,456

Down $19,250 (-78%) from 2021

Revenue

Up

$164,876

Up $78,275 (+90%) from 2021

Expenses

Up

$125,809

Up $27,053 (+27%) from 2021

Net Income

Up

$39,067

Up $51,222 (+421%) from 2021

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $71,158Liabilities 2011: $8,535Net Assets 2011: $62,6232011Assets 2012: $92,076Liabilities 2012: $15,740Net Assets 2012: $76,3362012Assets 2013: $87,349Liabilities 2013: $5,705Net Assets 2013: $81,6442013Assets 2014: $101,123Liabilities 2014: $705Net Assets 2014: $100,4182014Assets 2015: $142,763Liabilities 2015: $2,912Net Assets 2015: $139,8512015Assets 2016: $139,978Liabilities 2016: $8,456Net Assets 2016: $131,5222016Assets 2017: $164,860Liabilities 2017: $11,705Net Assets 2017: $153,1552017Assets 2018: $165,659Liabilities 2018: $7,205Net Assets 2018: $158,4542018Assets 2019: $179,049Liabilities 2019: $25,581Net Assets 2019: $153,4682019Assets 2020: $198,308Liabilities 2020: $18,955Net Assets 2020: $179,3532020Assets 2021: $191,904Liabilities 2021: $24,706Net Assets 2021: $167,1982021Assets 2022: $211,721Liabilities 2022: $5,456Net Assets 2022: $206,2652022Assets 2023: $271,429Liabilities 2023: $90,080Net Assets 2023: $181,3492023Assets 2024: $219,359Liabilities 2024: $750Net Assets 2024: $218,6092024

Highlighted filing

2022

Assets$211,721
Liabilities$5,456
Net Assets$206,265

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2011: $227,3392011Expenses 2012: $144,7482012Revenue 2013: $143,786Expenses 2013: $138,478Net Income 2013: $5,3082013Revenue 2014: $174,298Expenses 2014: $154,338Net Income 2014: $19,9602014Revenue 2015: $300,862Expenses 2015: $261,429Net Income 2015: $39,4332015Revenue 2016: $360,099Expenses 2016: $368,428Net Income 2016: -$8,3292016Revenue 2017: $202,006Expenses 2017: $180,373Net Income 2017: $21,6332017Revenue 2018: $179,545Expenses 2018: $174,246Net Income 2018: $5,2992018Revenue 2019: $165,132Expenses 2019: $170,118Net Income 2019: -$4,9862019Revenue 2020: $184,672Expenses 2020: $158,787Net Income 2020: $25,8852020Revenue 2021: $86,601Expenses 2021: $98,756Net Income 2021: -$12,1552021Revenue 2022: $164,876Expenses 2022: $125,809Net Income 2022: $39,0672022Revenue 2023: $124,773Expenses 2023: $149,689Net Income 2023: -$24,9162023Revenue 2024: $145,804Expenses 2024: $108,544Net Income 2024: $37,2602024

Highlighted filing

2022

Revenue$164,876
Expenses$125,809
Net Income$39,067
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 8, 2023
Return Version
2022v5.0
Gross Receipts
$231,625
Mission and Program Overview

Mission

To promote improved relationships between divergent groups and to promote economic development in the newark region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$182,529$206,046▲ $23,517
Accounts Receivable$9,375$5,675▼ $3,700
Total Assets$191,904$211,721▲ $19,817
Liabilities
Deferred Revenue$24,000$4,750▼ $19,250
Accounts Payable and Accrued Expenses$706$706→ $0
Total Liabilities$24,706$5,456▼ $19,250
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$165,051$204,118▲ $39,067
Net Assets With Donor Restrictions$2,147$2,147→ $0
Total Net Assets Fund Balance$167,198$206,265▲ $39,067
Total Liabilities and Net Assets / Fund Balance$191,904$211,721▲ $19,817
Compensation and Service Providers

Board Members and Trustees

NameTitle
Monica Slater-stokesChair
Jenifer MazaweyVice Chair
Calvin LedfordMember at Large
Darrell TerryMember at Large
Frank FerrugiaMember at Large
Mary MakfinskyMember at Large
William BestMember at Large
George HallockSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$164,676
Program Service Revenue
$0
Investment Income
$200
Other Revenue
$0
All Other Contributions
$24,750
Change in Net Assets
$39,067
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$125,809
Total Fundraising Expense$90,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$5,000$5,000$90,000$100,000
Fees for Services Accounting-$5,005-$5,005
Other Expenses$609$700-$609
Total Functional Expenses$25,104$10,705$90,000$125,809
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$66,749
Fundraising Gross Income$66,749
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf$206,675$66,749$66,749$0
Total Events$206,675$66,749$66,749$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
No
Management duties delegated
No

Governance Explanations

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

Form 990 is made available electronically to all board members before filing.

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

All board members disclose annually in writing any conflicts that exist. The board secreatry maintains annual statements.

Form 990, Part VI, Section B, Line 15

Executive committee reviews compensation data of comparable local nonprofits.

Form 990, Part VI, Section C, Line 19

Financial information and policies are available upon request.

Filing and Contact Details

Filer

Filer Name
Renaissance Newark Foundation Inc
EIN
22-2281902
Phone
9735220099
Address
60 PARK PLACE 1016, NEWARK, NJ 07102

Signing Officer

Name
George Hallock
Title
Secretary
Phone
9735220099
Signed
2023-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Hallock
Formed
1979
Legal Domicile
Nj
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Hill Barth & King LLC
Address
101 CRAWFORDS CORNER ROAD SUITE, 2216, HOLMDEL, NJ 07733
Preparer
Kathleen M Clayton CPA
Phone
7323818887
Supplemental Narrative

Additional Explanations

Form 990 Part XI, Line 2C

The executive committee is responsible for the oversight of the audit process.

Financial Statement Notes

PART X, LINE 2:

The organization accounts for uncertainty in income taxes using a recognition threshold of more-likely-than not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold is met. Management determined there were no tax uncertainties that met the recognition threshold in 2022.

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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt066749
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt066749
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt066749
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt066749
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd01
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd01
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt015000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0184750
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt014981
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt015090
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0GEORGE HALLOCK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0229821
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0ANNUAL BONUSES ARE CONTINGENT UPON THE RESULTS OF ANNUAL OPERATIONS.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1ANNUAL BONUSES ARE CONTINGENT UPON THE RESULTS OF ANNUAL OPERATIONS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 5
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 6
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS MADE AVAILABLE ELECTRONICALLY TO ALL BOARD MEMBERS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS DISCLOSE ANNUALLY IN WRITING ANY CONFLICTS THAT EXIST. THE BOARD SECREATRY MAINTAINS ANNUAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXECUTIVE COMMITTEE REVIEWS COMPENSATION DATA OF COMPARABLE LOCAL NONPROFITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FINANCIAL INFORMATION AND POLICIES ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART XI, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NEWARK RBP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NEWARK REGIONAL BUSINESS PARTNERSHIP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0221644616
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHARITABLE PROGRAMS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt060 PARK PLACE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NEWARK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd007102
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0100000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NEWARK REGIONAL BUSINESS PARTNERSHIP
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1NEWARK REGIONAL BUSINESS PARTNERSHIP
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2NEWARK REGIONAL BUSINESS PARTNERSHIP
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1N
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2O
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0191904
IRS990/TotalAssetsEOYAmt0211721
IRS990/TotalAssetsGrp/BOYAmt0191904
IRS990/TotalAssetsGrp/EOYAmt0211721
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0164676
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt090000
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010705
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt025104
IRS990/TotalFunctionalExpensesGrp/TotalAmt0125809
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt024706
IRS990/TotalLiabilitiesEOYAmt05456
IRS990/TotalLiabilitiesGrp/BOYAmt024706
IRS990/TotalLiabilitiesGrp/EOYAmt05456
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0167198
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0206265
IRS990/TotalOtherCompensationAmt030071
IRS990/TotalProgramServiceExpensesAmt025104
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0200
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0164876
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0191904
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0211721
IRS990/TotReportableCompRltdOrgAmt0199750
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.19$0.01$2.19$1.46$1.09$0.37
2023Detailed filing. Detailed filing data is available for this year.$2.71$0.90$1.81$1.25$1.50$0.25
2022Detailed filing. Detailed filing data is available for this year.$2.12$0.05$2.06$1.65$1.26$0.39
2021Detailed filing. Detailed filing data is available for this year.$1.92$0.25$1.67$0.87$0.99$0.12
2020Detailed filing. Detailed filing data is available for this year.$1.98$0.19$1.79$1.85$1.59$0.26
2019Detailed filing. Detailed filing data is available for this year.$1.79$0.26$1.53$1.65$1.70$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.66$0.07$1.58$1.80$1.74$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.65$0.12$1.53$2.02$1.80$0.22
2016Detailed filing. Detailed filing data is available for this year.$1.40$0.08$1.32$3.60$3.68$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.43$0.03$1.40$3.01$2.61$0.39
2014Detailed filing. Detailed filing data is available for this year.$1.01$0.01$1.00$1.74$1.54$0.20
2013Detailed filing. Detailed filing data is available for this year.$0.87$0.06$0.82$1.44$1.38$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.16$0.76$1.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.09$0.63$2.27
Peer Organizations

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