Civic Intelligence

University Heights Science and Technology

EIN 22-3191573 • 501(c)3 • Newark, NJ

Profile

To serve as a catalyst for economic and scientific research at newark's higher institutions to attract new enterprises to the university heights neighborhood.

Fenster Hall Room 577Newark, NJ 07102

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

0.61x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

91st percentile

54%

Higher net margin than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

43rd percentile

1.5%

Faster asset growth than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

35th percentile

0.0%

Faster revenue growth than 35% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Down

$3,585,640

Down $57,188 (-1.6%) from 2023

Liabilities

Up

$37,276

Up $399 (+1.1%) from 2023

Net Assets

Down

$3,548,364

Down $57,587 (-1.6%) from 2023

Operations
Liabilities / Revenue83rd percentileNet Margin91st percentile

Revenue

Down

$136

Down $60,751 (-100%) from 2023

Expenses

Up

$57,723

Up $30,016 (+108%) from 2023

Net Income

Down

-$57,587

Down $90,767 (-274%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth43rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $5,780,237Liabilities 2010: $1,162,335Net Assets 2010: $4,617,9022010Assets 2011: $5,657,862Liabilities 2011: $1,227,697Net Assets 2011: $4,430,1652011Assets 2012: $5,593,384Liabilities 2012: $1,199,895Net Assets 2012: $4,393,4892012Assets 2013: $3,797,529Liabilities 2013: $52,887Net Assets 2013: $3,744,6422013Assets 2014: $3,744,875Liabilities 2014: $52,202Net Assets 2014: $3,692,6732014Assets 2015: $3,714,067Liabilities 2015: $35,684Net Assets 2015: $3,678,3832015Assets 2016: $3,709,582Liabilities 2016: $30,096Net Assets 2016: $3,679,4862016Assets 2017: $3,738,621Liabilities 2017: $30,226Net Assets 2017: $3,708,3952017Assets 2018: $3,782,922Liabilities 2018: $35,467Net Assets 2018: $3,747,4552018Assets 2019: $3,821,516Liabilities 2019: $17,907Net Assets 2019: $3,803,6092019Assets 2020: $3,870,377Liabilities 2020: $20,158Net Assets 2020: $3,850,2192020Assets 2021: $3,923,424Liabilities 2021: $28,985Net Assets 2021: $3,894,4392021Assets 2022: $3,588,617Liabilities 2022: $15,846Net Assets 2022: $3,572,7712022Assets 2023: $3,642,828Liabilities 2023: $36,877Net Assets 2023: $3,605,9512023Assets 2024: $3,585,640Liabilities 2024: $37,276Net Assets 2024: $3,548,3642024

Highlighted filing

2024

Assets$3,585,640
Liabilities$37,276
Net Assets$3,548,364
Open 2024 Filing

Operations Trend

Revenue Growth35th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KExpenses 2010: $398,0742010Expenses 2011: $215,0262011Expenses 2012: $64,9742012Expenses 2013: $47,3942013Revenue 2014: $28,991Expenses 2014: $54,459Net Income 2014: -$25,4682014Revenue 2015: $14,567Expenses 2015: $23,064Net Income 2015: -$8,4972015Revenue 2016: $3,457Expenses 2016: $17,356Net Income 2016: -$13,8992016Revenue 2017: $35,352Expenses 2017: $6,443Net Income 2017: $28,9092017Revenue 2018: $63,090Expenses 2018: $14,530Net Income 2018: $48,5602018Revenue 2019: $61,838Expenses 2019: $5,684Net Income 2019: $56,1542019Revenue 2020: $61,714Expenses 2020: $15,104Net Income 2020: $46,6102020Revenue 2021: $60,980Expenses 2021: $16,760Net Income 2021: $44,2202021Revenue 2022: $60,887Expenses 2022: $19,184Net Income 2022: $41,7032022Revenue 2023: $60,887Expenses 2023: $27,707Net Income 2023: $33,1802023Revenue 2024: $136Expenses 2024: $57,723Net Income 2024: -$57,5872024

Highlighted filing

2024

Revenue$136
Expenses$57,723
Net Income-$57,587
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,585,640
Liabilities
$37,276
Net assets
$3,548,364
Revenue
$136
Expenses
$57,723
Net income
-$57,587
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.59$0.04$3.55$0.00$0.06$0.06
2023Detailed filing. Detailed filing data is available for this year.$3.64$0.04$3.61$0.06$0.03$0.03
2022Detailed filing. Detailed filing data is available for this year.$3.59$0.02$3.57$0.06$0.02$0.04
2021Detailed filing. Detailed filing data is available for this year.$3.92$0.03$3.89$0.06$0.02$0.04
2020Detailed filing. Detailed filing data is available for this year.$3.87$0.02$3.85$0.06$0.02$0.05
2019Detailed filing. Detailed filing data is available for this year.$3.82$0.02$3.80$0.06$0.01$0.06
2018Detailed filing. Detailed filing data is available for this year.$3.78$0.04$3.75$0.06$0.01$0.05
2017Summary only. Only limited summary data is available for this year.$3.74$0.03$3.71$0.04$0.01$0.03
2016Detailed filing. Detailed filing data is available for this year.$3.71$0.03$3.68$0.00$0.02$0.01
2015Summary only. Only limited summary data is available for this year.$3.71$0.04$3.68$0.01$0.02$0.01
2014Detailed filing. Detailed filing data is available for this year.$3.74$0.05$3.69$0.03$0.05$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.80$0.05$3.74$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.59$1.20$4.39$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.66$1.23$4.43$0.22
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.78$1.16$4.62$0.40
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$136
Mission and Program Overview

Mission

ATTACHMENT 1

To serve as a catalyst for economic and scientific research at newark's higher institutions to attract new enterprises to the university heights neighborhood.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,994,818$2,945,369▼ $49,449
Savings and Temporary Cash Investments$456,448$456,584▲ $136
Land, Buildings, and Equipment, Net$160,000$160,000→ $0
Accounts Receivable$30,375$22,500▼ $7,875
Prepaid Expenses and Deferred Charges$1,187$1,187→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$3,642,828$3,585,640▼ $57,188
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$21,032$21,430▲ $398
Deferred Revenue$15,845$15,846▲ $1
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$36,877$37,276▲ $399
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,445,951$3,388,364▼ $57,587
Net Assets With Donor Restrictions$160,000$160,000→ $0
Total Net Assets Fund Balance$3,605,951$3,548,364▼ $57,587
Total Liabilities and Net Assets / Fund Balance$3,642,828$3,585,640▼ $57,188

Asset Categories

AssetBook ValueDepreciationBasis
Land$160,000-$160,000
Other Land Buildings-$0$0
Equipment-$0$0
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Arcelio Aponte SrTrustee
Augustine BoakeyTrustee
Brian StormTrustee
Chip HallockTrustee
Kevin MaynorTrustee
Shante PalmerTrustee
Teik LimTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$136
Other Revenue
$0
Change in Net Assets
$-57,587
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$57,723
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$34,670-$34,670
Fees for Services Accounting-$20,438-$20,438
Insurance-$2,577-$2,577
Office Expenses-$38-$38
Total Functional Expenses$0$57,723$0$57,723
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The Organization has a Budget & Finance Committee. This committee reviews the draft 990 and the final document for accuracy and in this respect acts on behalf of the Board of Trustees. The Committee reports to the Board of Trustees.”

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

“The Conflict of Interest Policy requires periodic reviews. In addition, all potential conflicts are brought to the attention of the Board for action.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, financial statements & conflict of interest policy are available to the public upon written request to management.”

Filing and Contact Details

Filer

Filer Name
University Heights Science and Technology
EIN
22-3191573
In Care Of
% LYNN AZARCHI
Phone
9739722200
Address
Fenster Hall Room 577, Newark, NJ 07102

Signing Officer

Name
Mr Arcelio Aponte
Title
Trustee
Phone
9739722200
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mr Arcelio Aponte
Formed
2006
Legal Domicile
Nj
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
WithumSmithBrown PC
Address
ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer
James Mulroy CPA
Phone
7328281614
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION

“The organization was established to serve as a catalyst for economic and community development by utilizing the scientific research at newark's higher education institutions as a force to attract technology-based and other enterprises to the university heights neighborhood.”

Form 990, Part III - Program Service, Line 4A

“To serve as a catalyst for economic and community development by utilizing the scientific research at newark's higher education institutions as a force to attract technology-based and other enterprises to the university heights neighborhood.”

Form 990 Part IX Line 11G

“Description:consulting fees total fees:34670”

Raw XML AppendixShowing 400 of 444 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01187
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01187
IRS990/PrincipalOfficerNm0Mr Arcelio Aponte
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IRS990/RentalIncomeOrLossGrp/RealAmt00
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0456584
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt060750
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt060750
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0243000
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt061714
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0244604
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0160000
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0160000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization has a Budget & Finance Committee. This committee reviews the draft 990 and the final document for accuracy and in this respect acts on behalf of the Board of Trustees. The Committee reports to the Board of Trustees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Conflict of Interest Policy requires periodic reviews. In addition, all potential conflicts are brought to the attention of the Board for action.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS & CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION WAS ESTABLISHED TO SERVE AS A CATALYST FOR ECONOMIC AND COMMUNITY DEVELOPMENT BY UTILIZING THE SCIENTIFIC RESEARCH AT NEWARK'S HIGHER EDUCATION INSTITUTIONS AS A FORCE TO ATTRACT TECHNOLOGY-BASED AND OTHER ENTERPRISES TO THE UNIVERSITY HEIGHTS NEIGHBORHOOD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TO SERVE AS A CATALYST FOR ECONOMIC AND COMMUNITY DEVELOPMENT BY UTILIZING THE SCIENTIFIC RESEARCH AT NEWARK'S HIGHER EDUCATION INSTITUTIONS AS A FORCE TO ATTRACT TECHNOLOGY-BASED AND OTHER ENTERPRISES TO THE UNIVERSITY HEIGHTS NEIGHBORHOOD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION:CONSULTING FEES TOTAL FEES:34670
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART III - PROGRAM SERVICE, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART IX LINE 11G
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IRS990/TerminateOperationsInd0false
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IRS990/TotReportableCompRltdOrgAmt00

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