Civic Intelligence

Leadership Newark Inc

EIN 31-1659369 • 501(c)3 • Newark, NJ

Profile

See schedule O for a description of the organizations mission and programs.

494 Broad Street LL10Newark, NJ 07102

www.leadershipnewark.org

Siviq Scores

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

Liabilities / Assets

65th percentile

0.08x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

71st percentile

0.12x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

70th percentile

17%

Higher net margin than 70% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

63rd percentile

9.4%

Faster asset growth than 63% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Revenue Growth

42nd percentile

2.7%

Faster revenue growth than 42% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Assets

Up

$703,244

Up $54,598 (+8.4%) from 2023

Liabilities

Down

$57,328

Down $35,725 (-38%) from 2023

Net Assets

Up

$645,916

Up $90,323 (+16%) from 2023

Revenue

Up

$485,006

Up $25,892 (+5.6%) from 2023

Expenses

Down

$400,245

Down $42,125 (-9.5%) from 2023

Net Income

Up

$84,761

Up $68,017 (+406%) from 2023

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $145,375Liabilities 2011: $10,993Net Assets 2011: $134,3822011Assets 2012: $199,966Liabilities 2012: $16,860Net Assets 2012: $183,1062012Assets 2013: $178,930Liabilities 2013: $17,383Net Assets 2013: $161,5472013Assets 2014: $215,349Liabilities 2014: $20,349Net Assets 2014: $195,0002014Assets 2015: $260,682Liabilities 2015: $30,092Net Assets 2015: $230,5902015Assets 2016: $331,600Liabilities 2016: $28,562Net Assets 2016: $303,0382016Assets 2017: $319,464Liabilities 2017: $18,433Net Assets 2017: $301,0312017Assets 2018: $396,560Liabilities 2018: $24,728Net Assets 2018: $371,8322018Assets 2019: $512,380Liabilities 2019: $13,591Net Assets 2019: $498,7892019Assets 2020: $524,335Liabilities 2020: $75,159Net Assets 2020: $449,1762020Assets 2021: $482,514Liabilities 2021: $91,421Net Assets 2021: $391,0932021Assets 2022: $587,775Liabilities 2022: $86,063Net Assets 2022: $501,7122022Assets 2023: $648,646Liabilities 2023: $93,053Net Assets 2023: $555,5932023Assets 2024: $703,244Liabilities 2024: $57,328Net Assets 2024: $645,9162024

Highlighted filing

2024

Assets$703,244
Liabilities$57,328
Net Assets$645,916

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $264,5742011Expenses 2012: $268,0162012Expenses 2013: $299,1362013Revenue 2014: $342,790Expenses 2014: $309,337Net Income 2014: $33,4532014Revenue 2015: $359,767Expenses 2015: $324,177Net Income 2015: $35,5902015Revenue 2016: $456,713Expenses 2016: $384,265Net Income 2016: $72,4482016Revenue 2017: $428,765Expenses 2017: $430,772Net Income 2017: -$2,0072017Revenue 2018: $491,958Expenses 2018: $421,157Net Income 2018: $70,8012018Revenue 2019: $493,802Expenses 2019: $366,845Net Income 2019: $126,9572019Revenue 2020: $417,817Expenses 2020: $440,181Net Income 2020: -$22,3642020Revenue 2021: $394,036Expenses 2021: $453,215Net Income 2021: -$59,1792021Revenue 2022: $459,687Expenses 2022: $311,086Net Income 2022: $148,6012022Revenue 2023: $459,114Expenses 2023: $442,370Net Income 2023: $16,7442023Revenue 2024: $485,006Expenses 2024: $400,245Net Income 2024: $84,7612024

Highlighted filing

2024

Revenue$485,006
Expenses$400,245
Net Income$84,761

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.03$0.57$6.46$4.85$4.00$0.85
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.49$0.93$5.56$4.59$4.42$0.17
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.88$0.86$5.02$4.60$3.11$1.49
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.83$0.91$3.91$3.94$4.53$0.59
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.24$0.75$4.49$4.18$4.40$0.22
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.12$0.14$4.99$4.94$3.67$1.27
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.97$0.25$3.72$4.92$4.21$0.71
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.19$0.18$3.01$4.29$4.31$0.02
2016Detailed filing. Detailed filing data is available for this year.$3.32$0.29$3.03$4.57$3.84$0.72
2015Detailed filing. Detailed filing data is available for this year.$2.61$0.30$2.31$3.60$3.24$0.36
2014Detailed filing. Detailed filing data is available for this year.$2.15$0.20$1.95$3.43$3.09$0.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.17$1.62$2.99
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.00$0.17$1.83$2.68
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.11$1.34$2.65
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2017 below.

Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Feb 15, 2018
Return Version
2016v3.1
Gross Receipts
$457,977
Mission and Program Overview

Mission

See schedule O for a description of the organizations mission and programs.

Leadership newark is a leadership development program focused on public policy issues affecting the greater newark area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$186,728$247,064▲ $60,336
Accounts Receivable$31,365$22,040▼ $9,325
Pledges and Grants Receivable$12,700$20,000▲ $7,300
Cash and Non-Interest-Bearing Accounts$85,265$17,071▼ $68,194
Land, Buildings, and Equipment, Net$5,246$6,216▲ $970
Prepaid Expenses and Deferred Charges$8,271$5,048▼ $3,223
Other Notes and Loans Receivable, Net$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$331,600$319,464▼ $12,136
Other Assets Total$2,025$2,025→ $0
Liabilities
Accounts Payable and Accrued Expenses$28,562$18,433▼ $10,129
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
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$28,562$18,433▼ $10,129
Net Assets / Fund Balance
Unrestricted Net Assets$303,038$281,031▼ $22,007
Temporarily Rstr Net Assets$0$20,000▲ $20,000
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$303,038$301,031▼ $2,007
Total Liabilities and Net Assets / Fund Balance$331,600$319,464▼ $12,136

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,216$14,260$20,476
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Celia M KingChief Executive OfficerFT$125,405$21,650$147,055
Revenue and Support

Revenue Composition

Contributions and Grants
$368,159
Program Service Revenue
$60,000
Investment Income
$606
Other Revenue
$0
All Other Contributions
$236,470
Change in Net Assets
$-2,007

Audited Revenue Reconciliation

Revenue per Audited Statements
$428,765
Revenue Not Reported on Form 990
$29,212
Total Revenue per Audited Statements
$457,977
Total Revenue per Form 990
$428,765
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$288,748
Other Expenses$142,024
Total Fundraising Expense$50,142
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$105,113$14,015$21,023$140,151
Other Salaries and Wages$82,855$11,047$16,571$110,473
Office Expenses$35,090$1,921$2,880$39,891
Other Expenses$26,080$0$0$26,080
Occupancy$17,783$2,371$3,557$23,711
Conferences and Meetings$21,664--$21,664
Payroll Taxes$15,062$2,009$3,012$20,083
Other Employee Benefits$12,148$1,620$2,429$16,197
Fees for Services Accounting$9,258$5,620-$14,878
Fees for Services Other$9,353$0$0$9,353
Depreciation Depletion$1,970$263$393$2,626
Advertising$2,476--$2,476
Pension Plan Contributions$1,383$184$277$1,844
Travel$1,345--$1,345
Total Functional Expenses$341,580$39,050$50,142$430,772

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$459,984
Expenses per Audited Statements$430,772
Total Expenses per Form 990$430,772
Expenses Not Reported on Form 990$29,212
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$29,212
Fundraising Gross Income$29,212
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$160,901$29,212$18,989$10,223
Total Events$160,901$29,212$29,212-
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
Audit committee
Yes
Backup withholding compliance
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 B, Line 11B

THE 990 IS REVIEWED by the Executive Director and Finance committee for comment. THE BOARD reviews and approves the Form 990 prior to submission to the Department of the Treasury.

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

THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO THE BOARD MEMBERS FOR REVIEW AND SIGNATURE EACH YEAR. If there are any conflicts noted, these will be considered and addressed by the Board.

Form 990, Part VI, Section B, Lines 15 A & B

THE FINANCE CHAIR AND COMMITTEE REVIEW THE COMPENSATION PACKAGE FOR TOP MANAGEMENT EACH YEAR. The final compensation package is approved annually by the Board.

Form 990, Part VI, Section C, Line 19

THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS and Form 990 AVAILABLE TO THE PUBLIC UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Leadership Newark Inc
EIN
31-1659369
In Care Of
% CELIA M KING
Phone
9733509200
Address
494 Broad Street LL10, NEWARK, NJ 07102

Signing Officer

Name
Cecilia M King
Title
CEO
Phone
9733509200
Signed
2018-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Celia M King
Formed
1998
Legal Domicile
Nj
Voting Board Members
13
Independent Board Members
13
Employees
3
Volunteers
34

Preparer

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

Additional Explanations

Form 990, Part III, Line 4A

Each year the program works with approximately 63 participants. The seminars are delivered in an adult friendly learning environment allowing for tremendous interaction and exchange among the Fellows, and recognized experts. We employ various formats including panel discussions, keynote addresses, site visits, case studies, small group dialogue and experiential training. In all instances we bring policy makers, elected officials, academicians and nationally recognized leaders in a small setting to share their knowledge, talents and expertise with the participants, who are eager community activists. Ultimately creating a powerful forum for the exchange of ideas and new approaches to some of the challenges facing the Newark community. The impact of the program and contribution to the community landscape can be felt across all sectors-demonstrated through the diversity of the participants professionally, ethnically and geographically. Specifically, 20% of the participants are in the non-profit sector; 17% in business/corporate; 14% in education; 12% in law; 11% in government; 10% in healthcare and 15% spread across the fields of architecture, law enforcement, & the arts. The City benefits from 85% of the LN alumni working in the City and 47% of the entire network residing in Newark. The 2-year fellowship program provides a foundation for one to get to know much of the inner workings of the local community and how state and national trends may influence services to the residents of Newark in the first year. In the second year, participants "give back" to the community by serving as volunteer consultants to local non-profit organizations, addressing a specific need which would improve the delivery of service to those served by that organization. In a recent letter to the public Mayor Ras Baraka, stated our impact best, "Leadership Newark has played a major role in our Citys transformation, by working tirelessly to build the future we want for the City we love. I am proud of the vital role Leadership Newark is playing as a partner in our work. Truly, Leadership Newark is a winner."

Page 2, part III, line 1

Leadership Newark (LN) is an organization which offers the following programs and services: Skill and Team Building Programs; Public Policy Enrichment Seminars; Public Policy Dinner Meetings; Community Leadership Initiative Projects; Public Policy Summits; Non-Profit Board Training & Development and Leadership Newark Graduate Organization Programs. These initiatives and programs are for adults who live, work or volunteer in the civic life of the City of Newark. All are leadership related programs born out of a desire to strengthen the City of Newark's civic infrastructure through preparing the next generation of leaders to serve in numerous professional, political and volunteer capacities in the largest city in the State of New Jersey. Founded in September 1998, the founders felt it was necessary to arm and prepare a strong cadre of citizens of diverse backgrounds with in-depth knowledge on a wide range of public policy issues who will be prepared to take on a variety of leadership roles in and around the City of Newark as the City undergoes an evolving renaissance. To date, the LN network is over 500 strong and the impact of their efforts is palpable across all sectors. LN prepares and grooms adult to be civic leaders through public policy debate and discussions augmented by skill building and team building sessions as well. The seminars are delivered in an adult friendly learning environment, which allows a setting, which fosters tremendous interaction and exchange among the Fellows and noted experts. We employ various formats such as panels & roundtable discussions, keynote addresses, site visits, case studies, small group dialogue and experiential training. In all instances we bring policy makers, elected officials, academicians and nationally recognized leaders in a small setting to share their knowledge, talents and expertise with the participants, who are eager community activists. Ultimately creating a powerful forum for the exchange of ideas and new approaches to some of the challenges facing the Newark community.

Financial Statement Notes

Schedule D, Part X, Line 2

Leadership is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. In addition, it qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization other than a private foundation under Section 509(a)(1). Management has determined that there were no uncertain tax positions at the date of adoption or at August 31, 2017 AND 2016. In addition, there was no interest or penalties related to income taxes INCLUDED IN THE FINANCIAL STATEMENTS PRESENTED.

Schedule D, Part XI, Line 2D

$29,212 of direct expenses related to gala income deducted from income on return but included with total expenses on financial statements. See schedule g part ii.

Schedule D, Part XII, Line 2D

$29,212 of direct expenses related to gala income deducted from income on return but included with total expenses on financial statements. See schedule g part ii.

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