Civic Intelligence

Leadership Newark Inc.

990 • Fiscal year 2018 • EIN 31-1659369

Sep 01, 2017 to Aug 31, 2018 • Filed on Jul 15, 2019

494 Broad Street LL10Newark, NJ 07102

(973) 350-9200

Siviq Scores

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

Liabilities / Assets

58th percentile

0.06x

Higher debt load relative to assets than 58% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.05x

Higher debt load relative to revenue than 56% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

71st percentile

14%

Higher net margin than 71% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

94th percentile

$156,191

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 31.7% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

80th percentile

24%

Faster asset growth than 80% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

67th percentile

15%

Faster revenue growth than 67% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$396,560

Up $77,096 (+24%) from 2017

Net Assets

Up

$371,832

Up $70,801 (+24%) from 2017

Liabilities

Up

$24,728

Up $6,295 (+34%) from 2017

Revenue

Up

$491,958

Up $63,193 (+15%) from 2017

Expenses

Down

$421,157

Down $9,615 (-2.2%) from 2017

Net Income

Up

$70,801

Up $72,808 (+3628%) from 2017

Historical Trend

Balance Sheet Trend

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

$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

2018

Assets$396,560
Liabilities$24,728
Net Assets$371,832

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$491,958
Expenses$421,157
Net Income$70,801
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Jul 15, 2019
Return Version
2017v2.3
Gross Receipts
$515,749
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$247,064$254,379▲ $7,315
Cash and Non-Interest-Bearing Accounts$17,071$99,773▲ $82,702
Accounts Receivable$22,040$30,590▲ $8,550
Pledges and Grants Receivable$20,000$0▼ $20,000
Prepaid Expenses and Deferred Charges$5,048$5,872▲ $824
Land, Buildings, and Equipment, Net$6,216$3,921▼ $2,295
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$319,464$396,560▲ $77,096
Other Assets Total$2,025$2,025→ $0
Liabilities
Accounts Payable and Accrued Expenses$18,433$24,728▲ $6,295
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$18,433$24,728▲ $6,295
Net Assets / Fund Balance
Unrestricted Net Assets$281,031$371,311▲ $90,280
Temporarily Rstr Net Assets$20,000$521▼ $19,479
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$301,031$371,832▲ $70,801
Total Liabilities and Net Assets / Fund Balance$319,464$396,560▲ $77,096

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,921$16,555$20,476
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Celia M King MpsChief Executive OfficerFT$125,728$30,463$156,191
Revenue and Support

Revenue Composition

Contributions and Grants
$429,139
Program Service Revenue
$62,000
Investment Income
$819
Other Revenue
$0
All Other Contributions
$296,813
Change in Net Assets
$70,801

Audited Revenue Reconciliation

Revenue per Audited Statements
$491,958
Revenue Not Reported on Form 990
$23,791
Total Revenue per Audited Statements
$515,749
Total Revenue per Form 990
$491,958
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$293,065
Other Expenses$128,092
Total Fundraising Expense$50,802
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$117,144$15,618$23,429$156,191
Other Salaries and Wages$73,671$9,823$14,734$98,228
Office Expenses$35,626$1,148$1,722$38,496
Occupancy$23,885$3,184$4,776$31,845
Conferences and Meetings$22,932--$22,932
Payroll Taxes$15,140$2,019$3,028$20,187
Other Employee Benefits$13,844$1,846$2,769$18,459
Fees for Services Accounting$11,338$3,780-$15,118
Other Expenses$10,590--$10,590
Advertising$3,985--$3,985
Depreciation Depletion$1,721$230$344$2,295
Travel$2,201--$2,201
Fees for Services Other$473$157-$630
Total Functional Expenses$332,550$37,805$50,802$421,157

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$444,948
Expenses per Audited Statements$421,157
Total Expenses per Form 990$421,157
Expenses Not Reported on Form 990$23,791
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$23,791
Fundraising Gross Income$23,791
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$156,117$23,791$17,041$6,750
Total Events$156,117$23,791$23,791-
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
2019-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cecilia M King
Formed
1998
Legal Domicile
Nj
Voting Board Members
13
Independent Board Members
13
Employees
4
Volunteers
35

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, 2018 AND 2017. In addition, there was no interest or penalties related to income taxes INCLUDED IN THE FINANCIAL STATEMENTS PRESENTED.

Schedule D, Part XI, Line 2D

$23,791 OF DIRECT EXPENSES RELATED TO GALA INCOME were DEDUCTED FROM INCOME ON RETURN BUT INCLUDED WITH TOTAL Expenses ON FINANCIAL STATEMENTS. SEE SCHEDULE G PART II.

Schedule D, Part XII, Line 2D

$23,791 OF DIRECT EXPENSES RELATED TO GALA INCOME were DEDUCTED FROM INCOME ON RETURN BUT INCLUDED WITH TOTAL EXPENSES ON FINANCIAL STATEMENTS. SEE SCHEDULE G PART II.

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IRS990/MissionDesc0SEE SCHEDULE O FOR A DESCRIPTION OF THE ORGANIZATIONS MISSION AND PROGRAMS.
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OccupancyGrp/ManagementAndGeneralAmt03184
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IRS990/OfficeExpensesGrp/FundraisingAmt01722
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IRS990/OfficeExpensesGrp/ProgramServicesAmt035626
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01846
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt013844
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0750
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IRS990ScheduleA/PublicSupportTotal170Amt0982935
IRS990ScheduleA/SubstantialContributorsTotAmt0823240

Document Assets

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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
2018Detailed filing. Detailed filing data is available for this year.$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