Civic Intelligence

Newark Community Economic Development Corp

990 • Fiscal year 2015 • EIN 26-0829057

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

Organization ProfileWWW.BCDCNEWARK.ORG

View Organization Page

11 Mulberry StreetNewark, NJ 07102

(973) 273-1040

Siviq Scores

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

Liabilities / Assets

89th percentile

0.90x

Higher debt load relative to assets than 89% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

75th percentile

1.36x

Higher debt load relative to revenue than 75% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Source year 2015

Net Margin

19th percentile

-12%

Higher net margin than 19% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

28th percentile

$0

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • NTEE S • $1M-$5M nonprofits • Source year 2015

Asset Growth

5th percentile

-24%

Faster asset growth than 5% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

67th percentile

15%

Faster revenue growth than 67% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$4,998,577

Down $1,591,337 (-24%) from 2014

Net Assets

Down

$488,980

Down $410,541 (-46%) from 2014

Liabilities

Down

$4,509,597

Down $1,180,796 (-21%) from 2014

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin19th percentile

Revenue

Up

$3,314,672

Up $427,178 (+15%) from 2014

Expenses

Up

$3,725,216

Up $761,732 (+26%) from 2014

Net Income

Down

-$410,544

Down $334,554 (-440%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$40M$30M$20M$10M$0Assets 2010: $6,165,515Liabilities 2010: $5,652,035Net Assets 2010: $513,4802010Assets 2011: $8,928,048Liabilities 2011: $7,887,036Net Assets 2011: $1,041,0122011Assets 2012: $10,130,501Liabilities 2012: $8,960,465Net Assets 2012: $1,170,0362012Assets 2013: $8,813,656Liabilities 2013: $7,838,143Net Assets 2013: $975,5132013Assets 2014: $6,589,914Liabilities 2014: $5,690,393Net Assets 2014: $899,5212014Assets 2015: $4,998,577Liabilities 2015: $4,509,597Net Assets 2015: $488,9802015Assets 2016: $5,047,118Liabilities 2016: $4,906,422Net Assets 2016: $140,6962016Assets 2017: $2,001,564Liabilities 2017: $1,845,110Net Assets 2017: $156,4542017Assets 2019: $6,162,452Liabilities 2019: $4,451,889Net Assets 2019: $1,710,5632019Assets 2020: $10,801,729Liabilities 2020: $7,085,181Net Assets 2020: $3,716,5482020Assets 2021: $20,429,385Liabilities 2021: $8,539,995Net Assets 2021: $11,889,3902021Assets 2022: $20,248,135Liabilities 2022: $5,703,111Net Assets 2022: $14,545,0242022Assets 2023: $29,952,166Liabilities 2023: $6,588,979Net Assets 2023: $23,363,1872023Assets 2024: $35,240,519Liabilities 2024: $10,315,994Net Assets 2024: $24,924,5252024

Highlighted filing

2015

Assets$4,998,577
Liabilities$4,509,597
Net Assets$488,980
Open 2015 Filing

Operations Trend

Revenue Growth67th percentile

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $4,105,1162010Expenses 2011: $3,980,5292011Expenses 2012: $4,578,1452012Revenue 2013: $4,603,172Expenses 2013: $4,797,695Net Income 2013: -$194,5232013Revenue 2014: $2,887,494Expenses 2014: $2,963,484Net Income 2014: -$75,9902014Revenue 2015: $3,314,672Expenses 2015: $3,725,216Net Income 2015: -$410,5442015Revenue 2016: $3,203,539Expenses 2016: $3,551,823Net Income 2016: -$348,2842016Revenue 2017: $2,825,029Expenses 2017: $2,809,271Net Income 2017: $15,7582017Revenue 2019: $3,096,821Expenses 2019: $2,510,322Net Income 2019: $586,4992019Revenue 2020: $4,740,585Expenses 2020: $2,734,600Net Income 2020: $2,005,9852020Revenue 2021: $11,755,184Expenses 2021: $3,582,343Net Income 2021: $8,172,8412021Revenue 2022: $6,698,200Expenses 2022: $4,042,566Net Income 2022: $2,655,6342022Revenue 2023: $16,457,196Expenses 2023: $6,614,033Net Income 2023: $9,843,1632023Revenue 2024: $10,293,671Expenses 2024: $8,732,333Net Income 2024: $1,561,3382024

Highlighted filing

2015

Revenue$3,314,672
Expenses$3,725,216
Net Income-$410,544
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$3,314,672
Mission and Program Overview

Mission

Ncedc's mission is to retain and grow businesses, enhance small and minority business capacity, initiate and execute economic development activities, produce and sustain economic growth.

To retain and grow businesses, enhance small and minority business capacity; initiate and execute economic development activities to produce and sustain economic growth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$708,205$586,902▼ $121,303
Accounts Receivable$324,595$236,830▼ $87,765
Cash and Non-Interest-Bearing Accounts$605,592$236,385▼ $369,207
Land, Buildings, and Equipment, Net$34,270$191,512▲ $157,242
Other Notes and Loans Receivable, Net$611,004$170,770▼ $440,234
Prepaid Expenses and Deferred Charges$3,270$17,059▲ $13,789
Total Assets$6,589,915$4,998,577▼ $1,591,338
Other Assets Total$4,302,979$3,559,119▼ $743,860
Liabilities
Other Liabilities$5,562,031$4,386,115▼ $1,175,916
Accounts Payable and Accrued Expenses$128,361$123,482▼ $4,879
Total Liabilities$5,690,392$4,509,597▼ $1,180,795
Net Assets / Fund Balance
Total Net Assets Fund Balance$899,523$488,980▼ $410,543
Total Liabilities and Net Assets / Fund Balance$6,589,915$4,998,577▼ $1,591,338

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$191,512$350,752$542,264
Other Assets Org$3,559,119--
Compensation and Service Providers
Top Officer Pay28th percentile

Board Members and Trustees

NameTitle
Dr Joyce Wilson Harley EsqChairwoman
Otis Rolley IiiPresident & CEO
Celeste BatemanBoard Member
Craig DrinkardBoard Member
Dolores Henry MetzBoard Member
John Sharpe JamesBoard Member
Joseph Mccallum JrBoard Member
Tracy Fredericks-herrillBoard Member
Kevin SeawrightExec VP & CFO
Carmelo GarciaExec VP Real Estate
Scott BlowExec. VP Bus. Dev.
Shonda SmithPres. Special Assist
Revenue and Support

Revenue Composition

Contributions and Grants
$550
Program Service Revenue
$3,311,564
Investment Income
$2,558
Other Revenue
$0
All Other Contributions
$550
Change in Net Assets
$-410,544

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,314,672
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,314,672
Total Revenue per Form 990
$3,314,672
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,490,887
Other Expenses$1,234,329
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$1,840,571$290,459-$2,131,030
Advertising$270,101--$270,101
Other Employee Benefits$156,722$32,100-$188,822
Payroll Taxes$141,959$29,076-$171,035
Fees for Services Legal$114,076$23,365-$137,441
Office Expenses$107,720$22,063-$129,783
All Other Expenses$116,083$7,029-$123,112
Depreciation Depletion$46,999$9,626-$56,625
Other Expenses$43,591$8,928-$52,519
Occupancy$33,607$6,883-$40,490
Information Technology$26,220$5,370-$31,590
Insurance$17,823$3,651-$21,474
Fees for Services Accounting$14,663$3,003-$17,666
Fees for Services Management$13,823--$13,823
Total Functional Expenses$3,225,913$499,303$0$3,725,216

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,725,215
Total Expenses per Audited Statements$3,725,215
Total Expenses per Form 990$3,725,215
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Liability for Funds Held in Trust$3,559,119
Contract Advances - City of Newark$826,996
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8A

“YES”

Form 990, Part VI, Section A, Line 8B

“YES”

Form 990, Part VI, Section B, Line 11

“Copies of form 990 are distributed to the board for review.”

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

“A review of any possible infractions of the conflict of interest policy hasbeen inserted into the agenda of each board meeting held.”

Form 990, Part VI, Section B, Line 15

“YES”

Form 990, Part VI, Section C, Line 18

“Document are made available to the public upon request.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Newark Community Economic Development
EIN
26-0829057
Phone
9732731040
Address
11 MULBERRY STREET, NEWARK, NJ 07102

Signing Officer

Name
Otis Rolley Iii
Title
President & CEO
Phone
9732731040
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Otis Rolley Iii
Formed
2007
Legal Domicile
Nj
Voting Board Members
12
Independent Board Members
11
Employees
47
Volunteers
11

Preparer

Firm
PKF O'CONNOR DAVIES LLP
Address
293 EISENHOWER PARKWAY SUITE 270, LIVINGSTON, NJ 07039
Preparer
Francis Mcenenery
Phone
9735352880
Supplemental Narrative

Financial Statement Notes

Part XIII, Supplemental Information

“The foundation has adopted the recognition and disclosure provisions of the accounting standard related to accounting for uncertainty in income taxes. Under the standard, tax positions are evalutaed for recognition using a more-likely-than not threshold, and those tax positions requiring recognition are measured at the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. The association has evaluated the likehood of its tax positions being challenged as remote and, accordingly has not included any income tax provisions, including interest and penalties, in the financial statements related to potential violations. Upon adoption of this accounting pronouncement, the foundation had no unrecognized tax benefits.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt7EXEC. VP BUS. DEV.
IRS990/Form990PartVIISectionAGrp/TitleTxt8EXEC VP REAL ESTATE
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXEC VP & CFO
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04302979
IRS990/OtherAssetsTotalGrp/EOYAmt03559119
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt032100
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0156722
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0188822
IRS990/OtherExpensesGrp/Desc0CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc1TRAINING AND CONFERENCE
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTION
IRS990/OtherExpensesGrp/Desc3TELEDATA CONSULTING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt032242
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt114010
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt211498
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt38928
IRS990/OtherExpensesGrp/ProgramServicesAmt0157417
IRS990/OtherExpensesGrp/ProgramServicesAmt168401
IRS990/OtherExpensesGrp/ProgramServicesAmt256137
IRS990/OtherExpensesGrp/ProgramServicesAmt343591
IRS990/OtherExpensesGrp/TotalAmt0189659
IRS990/OtherExpensesGrp/TotalAmt182411
IRS990/OtherExpensesGrp/TotalAmt267635
IRS990/OtherExpensesGrp/TotalAmt352519
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt05562031
IRS990/OtherLiabilitiesGrp/EOYAmt04386115
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0611004
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0170770
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt029076
IRS990/PayrollTaxesGrp/ProgramServicesAmt0141959
IRS990/PayrollTaxesGrp/TotalAmt0171035
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03270
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017059
IRS990/PrincipalOfficerNm0OTIS ROLLEY III
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/Desc0FEES - CITY OF NEWARK
IRS990/ProgramServiceRevenueGrp/Desc1FEES & REIMBURSEMENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02929998
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1381566
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02929998
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1381566
IRS990/ProgSrvcAccomActy2Grp/Desc0COMMERCIAL REVITALIZATION AND BUSINESS ATTRACTIONS -
IRS990/ProgSrvcAccomActy3Grp/Desc0CONVENTION AND VISITORS BUSINESS BUREAU - BCDC CONTINUES TO SPONSOR VARIOUS PROGRAMS IN CONJUNTION WITH THE GREATER CONVENTION & VISITORS BUREAU, THESE PROGRAMS INCLUDE WORKING WITH NEWARK-BASED HOTELS TO ATTRACT AND IMPROVE TOURISM, EVENTS, PROFESSIONAL MEETINGS AND ATTRACTIONS IN NEWARK IN COLLABORATION WITH THE STATE DIVISION OF TOURISM. BCDB FORMED THE NEWARK OFFICE OF FILM AND TELEVISION (NOFT) TO INCREASE FILM AND TV REVENUE SPENT IN NEWARK, DEVELOP INFRASTRUCTURE TO DEEPEN THE INDUSTRY'S PRESENCE IN THE CITY AND ESTABLISH EDUCATIONAL OPORTUNITIES IN THE INDUSTRY FOR NEWARK'S YOUNG PEOPLE. CVB COLLABORATED WITH VARIOUS OTHER AGENCIES TO HOST MEDIA DAY IN NEWARK FOR THE 2014 NATIONAL FOOTBALL LEAGUE (NFL) SUPER BOWL IN NEW JERSEY.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0SUSTAINABILITY AND ENERGY INITITATIVES & OTHER PROGRAMS
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt03225913
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-410544
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0708205
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0586902
IRS990ScheduleA/GovernmentalUnitInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03725215
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03559119
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FUNDS HELD IN TRUST
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0191512
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0350752
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0542264
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03559119
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1826996
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LIABILITY FOR FUNDS HELD IN TRUST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CONTRACT ADVANCES - CITY OF NEWARK
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03314672
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS ADOPTED THE RECOGNITION AND DISCLOSURE PROVISIONS OF THE ACCOUNTING STANDARD RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. UNDER THE STANDARD, TAX POSITIONS ARE EVALUTAED FOR RECOGNITION USING A MORE-LIKELY-THAN NOT THRESHOLD, AND THOSE TAX POSITIONS REQUIRING RECOGNITION ARE MEASURED AT THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH A TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. THE ASSOCIATION HAS EVALUATED THE LIKEHOOD OF ITS TAX POSITIONS BEING CHALLENGED AS REMOTE AND, ACCORDINGLY HAS NOT INCLUDED ANY INCOME TAX PROVISIONS, INCLUDING INTEREST AND PENALTIES, IN THE FINANCIAL STATEMENTS RELATED TO POTENTIAL VIOLATIONS. UPON ADOPTION OF THIS ACCOUNTING PRONOUNCEMENT, THE FOUNDATION HAD NO UNRECOGNIZED TAX BENEFITS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XIII, SUPPLEMENTAL INFORMATION
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0191512
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03559119
IRS990ScheduleD/TotalExpensesPerForm990Amt03725215
IRS990ScheduleD/TotalLiabilityAmt04386115
IRS990ScheduleD/TotalRevenuePerForm990Amt03314672
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03314672
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03725215
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPIES OF FORM 990 ARE DISTRIBUTED TO THE BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A REVIEW OF ANY POSSIBLE INFRACTIONS OF THE CONFLICT OF INTEREST POLICY HASBEEN INSERTED INTO THE AGENDA OF EACH BOARD MEETING HELD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENT ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06589915
IRS990/TotalAssetsEOYAmt04998577
IRS990/TotalAssetsGrp/BOYAmt06589915
IRS990/TotalAssetsGrp/EOYAmt04998577
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0550
IRS990/TotalEmployeeCnt047
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0499303
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03225913
IRS990/TotalFunctionalExpensesGrp/TotalAmt03725216
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05690392
IRS990/TotalLiabilitiesEOYAmt04509597
IRS990/TotalLiabilitiesGrp/BOYAmt05690392
IRS990/TotalLiabilitiesGrp/EOYAmt04509597
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0899523
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0488980
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt03225913
IRS990/TotalProgramServiceExpensesAmt03225913
IRS990/TotalProgramServiceRevenueAmt03311564
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02558
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03311564
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03314672
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06589915
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04998577
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt0744 BROAD STREET ROOM 1110
IRS990/USAddress/CityNm0NEWARK
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007102
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.BCDCNEWARK.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0OTIS ROLLEY III
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT & CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09732731040
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEWARK COMMUNITY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORP
ReturnHeader/Filer/BusinessNameControlTxt0NEWA

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,998,577
Liabilities
$4,509,597
Net assets
$488,980
Revenue
$3,314,672
Expenses
$3,725,216
Net income
-$410,544
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.2$10.3$24.9$10.3$8.73$1.56
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.0$6.59$23.4$16.5$6.61$9.84
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.2$5.70$14.5$6.70$4.04$2.66
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.4$8.54$11.9$11.8$3.58$8.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.8$7.09$3.72$4.74$2.73$2.01
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.16$4.45$1.71$3.10$2.51$0.59
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.00$1.85$0.16$2.83$2.81$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.05$4.91$0.14$3.20$3.55$0.35
2015Detailed filing. Detailed filing data is available for this year.$5.00$4.51$0.49$3.31$3.73$0.41
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.59$5.69$0.90$2.89$2.96$0.08
2013Detailed filing. Detailed filing data is available for this year.$8.81$7.84$0.98$4.60$4.80$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$8.96$1.17$4.58
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.93$7.89$1.04$3.98
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.17$5.65$0.51$4.11