Liabilities / Assets
76th percentile
Higher debt load relative to assets than 76% of similar nonprofits.
Newark Trust for Education Inc
990 • Fiscal year 2012 • EIN 38-3663314
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.48x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
96th percentile
Faster asset growth than 96% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
Up$1,709,758
Up $838,051 (+96%) from 2011
Net Assets
Up$895,415
Up $229,179 (+34%) from 2011
Liabilities
Up$814,343
Up $608,872 (+296%) from 2011
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
Up$720,061
Up $297,848 (+71%) from 2011
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2011 to Jun 30, 2012
- Signed
- Mar 31, 2013
- Return Version
- 2011v1.5
- Gross Receipts
- $949,240
Mission and Program Overview
Mission
See schedule o for details
Major Activities
- Activity 2
- Research and Publications - Includes the development of the NET Navigator Program which maps external resources at the school level and provides a tool for public schools. NET Navigator was created to help funders, education leaders, and community stakeholders understand how university partnerships, philanthropic investments, and community engagements are impacting Newark Public Schools. NET Navigator does not evaluate or interpret the data it presents; rather, the tool is designed to empower funders, education leaders, and community stakeholders with information about existing relationships between investment dollars and student achievement.
- Activity 3
- Community Engagement - The Trust is committed to public engagement that includes all voices in support of quality public education for all Newark's children. The Trust seeks to expand outreach, strenghthen relationships across sectors and communities, and deepen the understanding of issues, concerns, proposed strategies and initiatives, all in an effort to increase the number of Newark children who are prepared for college or a career.
Filing and Contact Details
Filer
- EIN
- 38-3663314
Raw XML AppendixShowing 400 of 574 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.
| Path | # | Value |
|---|---|---|
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| IRS990/AccountsReceivable/EOY | 0 | 0 |
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| IRS990/Activity2/Description | 0 | Research and Publications - Includes the development of the NET Navigator Program which maps external resources at the school level and provides a tool for public schools. NET Navigator was created to help funders, education leaders, and community stakeholders understand how university partnerships, philanthropic investments, and community engagements are impacting Newark Public Schools. NET Navigator does not evaluate or interpret the data it presents; rather, the tool is designed to empower funders, education leaders, and community stakeholders with information about existing relationships between investment dollars and student achievement. |
| IRS990/Activity2/Expense | 0 | 116794 |
| IRS990/Activity3/Description | 0 | Community Engagement - The Trust is committed to public engagement that includes all voices in support of quality public education for all Newark's children. The Trust seeks to expand outreach, strenghthen relationships across sectors and communities, and deepen the understanding of issues, concerns, proposed strategies and initiatives, all in an effort to increase the number of Newark children who are prepared for college or a career. |
| IRS990/Activity3/Expense | 0 | 16966 |
| IRS990/ActivityOrMissionDescription | 0 | Independent organization dedicated to developing, coordinating and focusing ideas, resources and expertise and holding all of us responsible for quality public education for all children in Newark. |
| IRS990/AddressPrincipalOfficerUS/AddressLine1 | 0 | 744 BROAD ST 26TH FL |
| IRS990/AddressPrincipalOfficerUS/City | 0 | NEWARK |
| IRS990/AddressPrincipalOfficerUS/State | 0 | NJ |
| IRS990/AddressPrincipalOfficerUS/ZIPCode | 0 | 07102 |
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| IRS990/Advertising/ProgramServices | 0 | 7138 |
| IRS990/Advertising/Total | 0 | 8134 |
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| IRS990/Description | 0 | Newark Public Schools Funders Collaborative - The Newark Public Schools Funders Collaborative provides a coordinated, strategic, and focused effort to increase the number and quality of school options that meet the diverse needs of Newark students. The Trust provides administrative support and analysis to the funders collaborative, which currently consists of nine funders who have collectively pooled funds into an investment fund to provide grants and assistance to public schools in the City of Newark. The funder's collaborative is currently supporting high quality district school options run by the Newark Public Schools. Beyond being a benefit to those schools receiving funding, the funders collaborative established a vehicle, framework, and governance model that aligns and coordinates resources on behalf of district reform strategies. The expenses included in the statement of functional expenses are the administrative costs incurred by the Trust to support the Newark Public Schools Funders Collaborative. |
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| IRS990/DocumentRetentionPolicy | 0 | true |
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| IRS990/EscrowAccountLiability/EOY | 0 | 708217 |
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| IRS990/FamilyOrBusinessRelationship | 0 | false |
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| IRS990/FeesForServicesAccounting/Total | 0 | 45025 |
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| IRS990/FinancialStatementSeparate | 0 | X |
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| IRS990/ForeignFinancialAccount | 0 | false |
| IRS990/ForeignGrants/Total | 0 | 0 |
| IRS990/ForeignOffice | 0 | false |
| IRS990/Form1098CFiled | 0 | false |
| IRS990/Form8282PropertyDisposedOf | 0 | false |
| IRS990/Form8899Filed | 0 | false |
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| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 1 | 1.0 |
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| IRS990/Form990PartVIISectionA/NamePerson | 0 | CLEMENT PRICE |
| IRS990/Form990PartVIISectionA/NamePerson | 1 | SHAN HARRIS |
| IRS990/Form990PartVIISectionA/NamePerson | 2 | MASHEA ASHTON |
| IRS990/Form990PartVIISectionA/NamePerson | 3 | IRENE COOPER-BASCH |
| IRS990/Form990PartVIISectionA/NamePerson | 4 | STEVEN DINER |
| IRS990/Form990PartVIISectionA/NamePerson | 5 | DANIEL GOHL |
| IRS990/Form990PartVIISectionA/NamePerson | 6 | REV DR M WILLIAM HOWARD JR |
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| IRS990/Form990PartVIISectionA/NamePerson | 13 | Ross Danis |
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| IRS990/GrantsToIndividuals | 0 | true |
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| IRS990/Insurance/Total | 0 | 548 |
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| IRS990/InvestmentInJointVenture | 0 | false |
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| IRS990/LandBldgEquipmentAccumDeprec | 0 | 3894 |
| IRS990/LandBuildingsEquipmentBasis | 0 | 11035 |
| IRS990/LandBuildingsEquipmentBasisNet/BOY | 0 | 5296 |
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| IRS990/MissionDescription | 0 | NEWARK TRUST FOR EDUCATION IS AN INDEPENDENT ORGANIZATION DEDICATED TO DEVELOPING, COORDINATING AND FOCUSING IDEAS, RESOURCES AND EXPERTISE AND HOLDING ALL OF US RESPONSIBLE FOR QUALITY PUBLIC EDUCATION FOR ALL CHILDREN IN NEWARK. WHILE SOME MODEL PROGRAMS DO THRIVE HERE, THE NEWARK, NJ HAS LACKED A UNIFIED STRATEGY FOR SYSTEMIC SCHOOL REFORM. THE NOTION OF STARTING A LOCAL EDUCATION FUND IN NEWARK TOOK ROOT IN 2008, WHEN A GROUP OF ENGAGED CITIZENS, SCHOOL DISTRICT LEADERS, POLICY MAKERS, AND FUNDERS, LED BY THE PRUDENTIAL FOUNDATION, CONCERNED ABOUT THE HISTORY OF UNDERPERFORMING SCHOOLS IN THE CITY BEGAN TO EXPLORE THE IDEA IN EARNEST. A YEARLONG PLANNING PROCESS TOOK PLACE THAT INVOLVED OVER 100 STAKEHOLDERS. BEYOND SIGNIFICANT FUNDING FROM THE PRUDENTIAL FOUNDATION AS WELL AS IMPORTANT EARLY SUPPORT FROM THE VICTORIA FOUNDATION AND THE SCHUMANN FUND FOR NEW JERSEY, IT WAS AND REMAINS THE EXPERIENCE, COMMITMENT, AND INTELLECTUAL SUPPORT OF THE BOARD OF DIRECTORS THAT STANDS AS THE |
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| IRS990/ProgramServiceRevenue/Description | 0 | MANAGEMENT FEE REVENUE |
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| IRS990ScheduleA/OtherIncome170/Total | 0 | 119 |
| IRS990ScheduleA/PubliclySupportedOrg170b1Avi | 0 | X |
| IRS990ScheduleA/PublicSupportPertcentage170 | 0 | 0.23868 |
| IRS990ScheduleA/PublicSupportPertcentPriorYear | 0 | 0.34779 |
| IRS990ScheduleA/PublicSupportTotal170 | 0 | 527154 |
| IRS990ScheduleA/ThirtyThreePercntTestsPY170 | 0 | X |
| IRS990ScheduleA/Total170/CurrentTaxYear | 0 | 888412 |
| IRS990ScheduleA/Total170/CurrentTaxYearMinus1Year | 0 | 73372 |
| IRS990ScheduleA/Total170/CurrentTaxYearMinus2Years | 0 | 1073880 |
| IRS990ScheduleA/Total170/CurrentTaxYearMinus3Years | 0 | 112497 |
| IRS990ScheduleA/Total170/CurrentTaxYearMinus4Years | 0 | 59065 |
| IRS990ScheduleA/Total170/Total | 0 | 2207226 |
| IRS990ScheduleA/TotalSupport | 0 | 2208654 |
| IRS990ScheduleB/ContributorInfo/AggregateContributions | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorNumber | 0 | RESTRICTED |
| IRS990/ScheduleBRequired | 0 | true |
| IRS990ScheduleD/AggregateFundValue | 0 | 708217 |
| IRS990ScheduleD/ContribToFundsAndOtherAccounts | 0 | 1517500 |
| IRS990ScheduleD/DisclosedForCharitablePurposes | 0 | true |
| IRS990ScheduleD/DisclosedOrgsLegalControl | 0 | true |
| IRS990ScheduleD/DonatedServicesUseOfFacilities | 0 | 13720 |
| IRS990ScheduleD/DonatedSrvcAndUseOfFacilities | 0 | 13720 |
| IRS990ScheduleD/Equipment/BookValue | 0 | 7141 |
| IRS990ScheduleD/Equipment/Depreciation | 0 | 3894 |
| IRS990ScheduleD/Equipment/OtherCostOrOtherBasis | 0 | 11035 |
| IRS990ScheduleD/ExcessOrDeficitForYear | 0 | 229179 |
| IRS990ScheduleD/ExcessOrDeficitPerFS | 0 | 229179 |
| IRS990ScheduleD/ExpensesNotRptdF990 | 0 | 13720 |
| IRS990ScheduleD/ExpensesSubtotal | 0 | 720061 |
| IRS990ScheduleD/FederalIncomeTaxLiability | 0 | 0 |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 0 | The Trust is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for income taxes has been recorded in the financial statements. Management has determined that there are no uncertain tax positions at the Trust as of June 30, 2012 and 2011. The Trust has no open years subject to examination prior to June 30, 2009. In addition, Trust has no income tax related penalties or interest for the periods reported in the financial statements. |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier | 0 | ASC 740 |
| IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference | 0 | FORM 990, SCHEDULE D, PART X, QUESTION 2 |
| IRS990ScheduleD/GrantsFundsAndOtherAccounts | 0 | 979283 |
| IRS990ScheduleD/NumberFundsHeld | 0 | 9 |
| IRS990ScheduleD/RevenueNotRptdF990 | 0 | 13720 |
| IRS990ScheduleD/RevenueSubtotal | 0 | 949240 |
| IRS990ScheduleD/TotalExpenses | 0 | 720061 |
| IRS990ScheduleD/TotalExpensesPerForm990 | 0 | 720061 |
| IRS990ScheduleD/TotalOfAmounts | 0 | 0 |
| IRS990ScheduleD/TotalOfBookValueLandBuildings | 0 | 7141 |
| IRS990ScheduleD/TotalRevenue | 0 | 949240 |
| IRS990ScheduleD/TotalRevenuePerForm990 | 0 | 949240 |
| IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt | 0 | 733781 |
| IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt | 0 | 962960 |
| IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant | 0 | 8166 |
| IRS990ScheduleI/Form990ScheduleIPartIII/DescriptionOfNonCashAssistance | 0 | N/A |
| IRS990ScheduleI/Form990ScheduleIPartIII/MethodOfValuation | 0 | N/A |
| IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients | 0 | 11 |
| IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant | 0 | GRANTS PAID TO INDIVIDUALS |
| IRS990ScheduleI/Form990ScheduleIPartIV/Explanation | 0 | The Collaborative was established to act as a conduit to deploy funds to Schools in need of additional resources to improve the quality of education for students of Newark. Funds received from foundations are credited to the appropriate account for future disbursement; those accounts include the Collaborative Account which is broken down into Restricted and Unrestricted Funds and an Operating Account where funds are either used for operations or designated for a specific purpose. The credits to the accounts are based on the Foundation Award letters Collaborative Fund: Restricted: 1) Award Letter is issued from the Foundation with an explicit purpose as how the funding is to be deployed 2) Award Letter from the NTE and the Foundation is send to the Grantee with a check 3) Visits and Follow-ups in the form of post evaluation is monitored and managed by NTE 4) All paperwork is submitted to the Governance Committee for final review and approval. Unrestricted: 1) RFP (Request for Proposal ) is issued to all potential grantee's 2) Proposal submitted to NTE office for review 3) After review of initial recommendations made by NTE to Governance Committee 4) Governance committee reviews recommendations and gives final approval with signature of each member 5) Award letters send out with a check 6) Follow-up visits and post evaluations reported back to Governance Committee. Operating Fund: Designated to a specific group: Shared Campus 1) RFP issued to schools in the program. 2) Review and approval by NTE. 3) Grant Award letters send to schools along with the Disbursement of Funds Policy. 4) Check requests are required to receive funds 5) Follow-up and post evaluation are required by NTE and Foundations. All Grant Awards are reconciled to Bank Accounts and on-going balances of funds disbursed and remaining funds are reviewed by Foundation and Program on a regular basis. |
| IRS990ScheduleI/Form990ScheduleIPartIV/Identifier | 0 | PART I QUESTION 1 |
| IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference | 0 | MONITORING OF GRANT AWARDS |
| IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1 | 0 | PO BOX 32395 |
| IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1 | 1 | 765 Broad Street |
| IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1 | 2 | 15 GILPIN AVENUE |
| IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1 | 3 | 49 Washington Street |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $1,709,758
- Liabilities
- $814,343
- Net assets
- $895,415
- Revenue
- -
- Expenses
- $720,061
- Net income
- -