Civic Intelligence

Newark Trust for Education Inc

990 • Fiscal year 2013 • EIN 38-3663314

Jul 01, 2012 to Jun 30, 2013 • Filed on Sep 13, 2013

Organization ProfileWWW.NEWARKTRUST.ORG
744 Broad Street26TH FLOOR SuiteNewark, NJ 07102
Siviq Scores

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

Liabilities / Assets

69th percentile

0.32x

Higher debt load relative to assets than 69% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

78th percentile

0.57x

Higher debt load relative to revenue than 78% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

89th percentile

43%

Higher net margin than 89% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

83rd percentile

21%

Faster asset growth than 83% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

97th percentile

299%

Faster revenue growth than 97% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2013

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$2,070,127

Up $360,369 (+21%) from 2012

Net Assets

Up

$1,400,031

Up $504,616 (+56%) from 2012

Liabilities

Down

$670,096

Down $144,247 (-18%) from 2012

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin89th percentile

Revenue

$1,175,565

No earlier filing loaded for comparison.

Expenses

Down

$670,949

Down $49,112 (-6.8%) from 2012

Net Income

$504,616

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $871,707Liabilities 2011: $205,471Net Assets 2011: $666,2362011Assets 2012: $1,709,758Liabilities 2012: $814,343Net Assets 2012: $895,4152012Assets 2013: $2,070,127Liabilities 2013: $670,096Net Assets 2013: $1,400,0312013Assets 2014: $1,348,034Liabilities 2014: $271,127Net Assets 2014: $1,076,9072014Assets 2015: $656,110Liabilities 2015: $127,894Net Assets 2015: $528,2162015Assets 2016: $318,821Liabilities 2016: $58,013Net Assets 2016: $260,8082016Assets 2017: $2,550,817Liabilities 2017: $135,148Net Assets 2017: $2,415,6692017Assets 2018: $4,827,596Liabilities 2018: $185,931Net Assets 2018: $4,641,6652018Assets 2019: $5,284,457Liabilities 2019: $329,584Net Assets 2019: $4,954,8732019Assets 2020: $4,411,238Liabilities 2020: $478,316Net Assets 2020: $3,932,9222020Assets 2021: $2,852,052Liabilities 2021: $350,465Net Assets 2021: $2,501,5872021Assets 2022: $1,529,810Liabilities 2022: $259,472Net Assets 2022: $1,270,3382022Assets 2023: $668,826Liabilities 2023: $175,075Net Assets 2023: $493,7512023Assets 2024: $291,360Liabilities 2024: $53,586Net Assets 2024: $237,7742024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2013

Assets$2,070,127
Liabilities$670,096
Net Assets$1,400,031
Open 2013 Filing

Operations Trend

Revenue Growth97th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $73,792Expenses 2011: $422,213Net Income 2011: -$348,4212011Expenses 2012: $720,0612012Revenue 2013: $1,175,565Expenses 2013: $670,949Net Income 2013: $504,6162013Revenue 2014: $767,994Expenses 2014: $1,091,118Net Income 2014: -$323,1242014Revenue 2015: $347,550Expenses 2015: $796,241Net Income 2015: -$448,6912015Revenue 2016: $468,569Expenses 2016: $735,977Net Income 2016: -$267,4082016Revenue 2017: $3,317,434Expenses 2017: $1,162,573Net Income 2017: $2,154,8612017Revenue 2018: $4,494,471Expenses 2018: $2,268,475Net Income 2018: $2,225,9962018Revenue 2019: $3,808,388Expenses 2019: $3,495,180Net Income 2019: $313,2082019Revenue 2020: $1,849,750Expenses 2020: $2,871,701Net Income 2020: -$1,021,9512020Revenue 2021: $1,393,146Expenses 2021: $2,824,481Net Income 2021: -$1,431,3352021Revenue 2022: $643,493Expenses 2022: $1,874,742Net Income 2022: -$1,231,2492022Revenue 2023: $717,452Expenses 2023: $1,579,805Net Income 2023: -$862,3532023Revenue 2024: $222,233Expenses 2024: $478,210Net Income 2024: -$255,9772024Revenue 2025: $138,341Expenses 2025: $376,115Net Income 2025: -$237,7742025

Highlighted filing

2013

Revenue$1,175,565
Expenses$670,949
Net Income$504,616
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Sep 13, 2013
Return Version
2012v2.1
Gross Receipts
$1,175,565
Mission and Program Overview

Mission

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, 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 orga

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
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IRS990/Description0Newark Public Schools Funders Collaborative - The Newark Public Schools Funders Collaborative (the "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 funders' 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/MissionDescription0NEWARK 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, 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 ORGA
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IRS990/OtherSalariesAndWages/Fundraising039747
IRS990/OtherSalariesAndWages/ManagementAndGeneral025203
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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,070,127
Liabilities
$670,096
Net assets
$1,400,031
Revenue
$1,175,565
Expenses
$670,949
Net income
$504,616
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.14$0.38$0.24
2024Detailed filing. Detailed filing data is available for this year.$0.29$0.05$0.24$0.22$0.48$0.26
2023Detailed filing. Detailed filing data is available for this year.$0.67$0.18$0.49$0.72$1.58$0.86
2022Detailed filing. Detailed filing data is available for this year.$1.53$0.26$1.27$0.64$1.87$1.23
2021Detailed filing. Detailed filing data is available for this year.$2.85$0.35$2.50$1.39$2.82$1.43
2020Detailed filing. Detailed filing data is available for this year.$4.41$0.48$3.93$1.85$2.87$1.02
2019Detailed filing. Detailed filing data is available for this year.$5.28$0.33$4.95$3.81$3.50$0.31
2018Detailed filing. Detailed filing data is available for this year.$4.83$0.19$4.64$4.49$2.27$2.23
2017Detailed filing. Detailed filing data is available for this year.$2.55$0.14$2.42$3.32$1.16$2.15
2016Detailed filing. Detailed filing data is available for this year.$0.32$0.06$0.26$0.47$0.74$0.27
2015Detailed filing. Detailed filing data is available for this year.$0.66$0.13$0.53$0.35$0.80$0.45
2014Detailed filing. Detailed filing data is available for this year.$1.35$0.27$1.08$0.77$1.09$0.32
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$0.67$1.40$1.18$0.67$0.50
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.81$0.90$0.72
2011Summary only. Only limited summary data is available for this year.$0.87$0.21$0.67$0.07$0.42$0.35