Civic Intelligence

New Jersey Utility Shareholders

EIN 32-0447101 • 501(c)6 • Summit, NJ

Profile

To provide information and educational opportunities to nj-resident retail shareholders of investor-owned utilities operating in nj about public policy developments that can affect the value of their shares and to represent their interests in the public policy arena.

55 Union Street PO Box 328Summit, NJ 07901

www.njusa.us

Siviq Scores

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

Liabilities / Assets

86th percentile

0.32x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

0.18x

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

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

26th percentile

-14%

Higher net margin than 26% of similar nonprofits.

501(c)6 • <$500k 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

24th percentile

-20%

Faster asset growth than 24% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

14th percentile

-38%

Faster revenue growth than 14% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Down

$28,328

Down $4,431 (-14%) from 2023

Liabilities

Up

$9,098

Up $2,883 (+46%) from 2023

Net Assets

Down

$19,230

Down $7,314 (-28%) from 2023

Revenue

Down

$51,280

Down $2,920 (-5.4%) from 2023

Expenses

Down

$58,594

Down $2,042 (-3.4%) from 2023

Net Income

Down

-$7,314

Down $878 (-14%) from 2023

Trend Graphs

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2016: $131,826Liabilities 2016: $29,160Net Assets 2016: $102,6662016Assets 2017: $123,050Liabilities 2017: $29,591Net Assets 2017: $93,4592017Assets 2018: $109,556Liabilities 2018: $22,467Net Assets 2018: $87,0892018Assets 2019: $100,152Liabilities 2019: $23,673Net Assets 2019: $76,4792019Assets 2020: $47,266Liabilities 2020: $14,613Net Assets 2020: $32,6532020Assets 2021: $66,881Liabilities 2021: $21,467Net Assets 2021: $45,4142021Assets 2022: $44,037Liabilities 2022: $11,057Net Assets 2022: $32,9802022Assets 2023: $32,759Liabilities 2023: $6,215Net Assets 2023: $26,5442023Assets 2024: $28,328Liabilities 2024: $9,098Net Assets 2024: $19,2302024

Highlighted filing

2024

Assets$28,328
Liabilities$9,098
Net Assets$19,230

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2016: $290,845Expenses 2016: $269,356Net Income 2016: $21,4892016Revenue 2017: $290,375Expenses 2017: $299,582Net Income 2017: -$9,2072017Revenue 2018: $290,065Expenses 2018: $296,435Net Income 2018: -$6,3702018Revenue 2019: $301,725Expenses 2019: $312,335Net Income 2019: -$10,6102019Revenue 2020: $156,963Expenses 2020: $200,789Net Income 2020: -$43,8262020Revenue 2021: $176,625Expenses 2021: $163,864Net Income 2021: $12,7612021Revenue 2022: $133,074Expenses 2022: $145,508Net Income 2022: -$12,4342022Revenue 2023: $54,200Expenses 2023: $60,636Net Income 2023: -$6,4362023Revenue 2024: $51,280Expenses 2024: $58,594Net Income 2024: -$7,3142024

Highlighted filing

2024

Revenue$51,280
Expenses$58,594
Net Income-$7,314

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$51,280
Mission and Program Overview

Mission

To provide information and educational opportunities to nj-resident retail shareholders of investor-owned utilities operating in nj about public policy developments that can affect the value of their shares and to represent their interests in the public policy arena.

To provide information and educational opportunities to nj-resident retail utility shareholders of investor-owned utilities operating in nj about public policy developments that can affect the value of their shares and to represent their interests in the public policy arena.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$0$25,150▲ $25,150
Cash and Non-Interest-Bearing Accounts$32,759$3,178▼ $29,581
Total Assets$32,759$28,328▼ $4,431
Liabilities
Accounts Payable and Accrued Expenses$6,165$9,068▲ $2,903
Deferred Revenue$50$30▼ $20
Total Liabilities$6,215$9,098▲ $2,883
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$26,544$19,230▼ $7,314
Total Net Assets Fund Balance$26,544$19,230▼ $7,314
Total Liabilities and Net Assets / Fund Balance$32,759$28,328▼ $4,431
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kathleen LallyPresidentPT$28,000$28,000

Board Members and Trustees

NameTitle
Stephanie M ScolaChairperson
Dennis PumaVice President
Eileen LeahyDirector
Arthur S GuidaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$51,280
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-7,314

Audited Revenue Reconciliation

Revenue per Audited Statements
$51,280
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$51,280
Total Revenue per Form 990
$51,280
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$58,594
Total Fundraising Expense$2,110
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$23,100$13,475$1,925$38,500
Fees for Services Accounting$740$11,958-$12,698
Fees for Services Other$2,214$1,292$185$3,691
Office Expenses-$2,440-$2,440
Travel$764$85-$849
Other Expenses-$56-$56
Total Functional Expenses$26,818$29,666$2,110$58,594

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$58,594
Total Expenses per Audited Statements$58,594
Total Expenses per Form 990$58,594
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
In-house lobbying only
Yes
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Section 527 Activity Spending$0
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Company Owned by President of the OrganizationManagement Consulting ServicesNo$28,000
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
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization is managed by an independent contractor who is accountable to the governing body. Day-to-day management is delegated to the independent contractor who is also the president.

Form 990, Part VI, Section A, Line 6

Consistent with its by laws, new jersey utility shareholders association (njusa) has two classes of members: 1) shareholder members, who are people who reside in new jersey and hold stock in one or more companies with subsidiary utilities operating in new jersey and 2) associate members, which are companies that share the vision and goals of njusa.

Form 990, Part VI, Section A, Line 7A

Pursuant to the by laws, authority to nominate and elect members of the governing body resides with the board of directors.

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

A draft of the form 990 is distributed to each member of the governing body prior to filing for their review.

Form 990, Part VI, Section B, Line 15A

The by laws authorize the board of directors to hire and set the compensation for the president of the njusa.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
New Jersey Utility Shareholders
EIN
32-0447101
Phone
8622463469
Address
55 UNION STREET PO BOX 328, SUMMIT, NJ 07901

Signing Officer

Name
Kathleen Lally
Title
President
Phone
8622463469
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathleen Lally
Formed
2014
Legal Domicile
Nj
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Tait Weller & Baker Llp
Address
50 SOUTH 16TH STREET SUITE 2900, PHILADELPHIA, PA 19102
Preparer
Harrison Pereira
Phone
2159798800
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The association is a not-for-profit organization exempt from federal income taxes under internal revenue code section 501(c)(6). Management has reviewed the tax positions for each of the open fiscal tax years (2021-2023) or expected to be taken in its 2024 tax return and has concluded that there are no significant uncertain tax positions that would require recognition in the financial statements.

Raw XML Appendix319 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/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE INFORMATION AND EDUCATIONAL OPPORTUNITIES TO NJ-RESIDENT RETAIL UTILITY SHAREHOLDERS OF INVESTOR-OWNED UTILITIES OPERATING IN NJ ABOUT PUBLIC POLICY DEVELOPMENTS THAT CAN AFFECT THE VALUE OF THEIR SHARES AND TO REPRESENT THEIR INTERESTS IN THE PUBLIC POLICY ARENA.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0KATHLEEN LALLY
IRS990/Form990PartVIISectionAGrp/PersonNm1STEPHANIE M SCOLA
IRS990/Form990PartVIISectionAGrp/PersonNm2DENNIS PUMA
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02014
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt051280
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IRS990/IncludeFIN48FootnoteInd01
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
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IRS990/InvestmentInJointVentureInd00
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IRS990/LoanOutstandingInd00
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IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
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IRS990/MissionDesc0TO PROVIDE INFORMATION AND EDUCATIONAL OPPORTUNITIES TO NJ-RESIDENT RETAIL SHAREHOLDERS OF INVESTOR-OWNED UTILITIES OPERATING IN NJ ABOUT PUBLIC POLICY DEVELOPMENTS THAT CAN AFFECT THE VALUE OF THEIR SHARES AND TO REPRESENT THEIR INTERESTS IN THE PUBLIC POLICY ARENA.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(6). MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN FISCAL TAX YEARS (2021-2023) OR EXPECTED TO BE TAKEN IN ITS 2024 TAX RETURN AND HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT CONSULTING SERVICES
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS MANAGED BY AN INDEPENDENT CONTRACTOR WHO IS ACCOUNTABLE TO THE GOVERNING BODY. DAY-TO-DAY MANAGEMENT IS DELEGATED TO THE INDEPENDENT CONTRACTOR WHO IS ALSO THE PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONSISTENT WITH ITS BY LAWS, NEW JERSEY UTILITY SHAREHOLDERS ASSOCIATION (NJUSA) HAS TWO CLASSES OF MEMBERS: 1) SHAREHOLDER MEMBERS, WHO ARE PEOPLE WHO RESIDE IN NEW JERSEY AND HOLD STOCK IN ONE OR MORE COMPANIES WITH SUBSIDIARY UTILITIES OPERATING IN NEW JERSEY AND 2) ASSOCIATE MEMBERS, WHICH ARE COMPANIES THAT SHARE THE VISION AND GOALS OF NJUSA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PURSUANT TO THE BY LAWS, AUTHORITY TO NOMINATE AND ELECT MEMBERS OF THE GOVERNING BODY RESIDES WITH THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A DRAFT OF THE FORM 990 IS DISTRIBUTED TO EACH MEMBER OF THE GOVERNING BODY PRIOR TO FILING FOR THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BY LAWS AUTHORIZE THE BOARD OF DIRECTORS TO HIRE AND SET THE COMPENSATION FOR THE PRESIDENT OF THE NJUSA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalProgramServiceRevenueAmt051280
IRS990/TotalReportableCompFromOrgAmt028000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt051280
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt051280
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt028328
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt085
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHLEEN LALLY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08622463469
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW JERSEY UTILITY SHAREHOLDERS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION
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ReturnHeader/Filer/USAddress/CityNm0SUMMIT
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0231144520
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TAIT WELLER & BAKER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt050 SOUTH 16TH STREET SUITE 2900
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PHILADELPHIA
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019102
ReturnHeader/PreparerPersonGrp/PhoneNum02159798800
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HARRISON PEREIRA
ReturnHeader/ReturnTs02025-11-14T09:10:50-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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