Civic Intelligence

Nextmark Foundation Inc.

990 • Fiscal year 2022 • EIN 82-1173235

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

1000 Cellar AvenueScotch Plains, NJ 07076

(908) 753-0330

Siviq Scores

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

Liabilities / Assets

36th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • NTEE B • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

36th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • NTEE B • $500k-$1M nonprofits • Source year 2022

Net Margin

81st percentile

37%

Higher net margin than 81% of similar nonprofits.

2022 filings • NTEE B • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

60th percentile

$12,000

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2022 filings • NTEE B • $500k-$1M nonprofits • Source year 2022

Asset Growth

67th percentile

15%

Faster asset growth than 67% of similar nonprofits.

2022 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

75th percentile

58%

Faster revenue growth than 75% of similar nonprofits.

2022 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$745,002

Up $98,753 (+15%) from 2021

Net Assets

Up

$745,002

Up $98,753 (+15%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$266,233

Up $97,217 (+58%) from 2021

Expenses

Up

$167,430

Up $97,288 (+139%) from 2021

Net Income

Down

$98,803

Down $71 (-0.1%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2017: $93,469Liabilities 2017: $1,070Net Assets 2017: $92,3992017Assets 2018: $218,489Liabilities 2018: $0Net Assets 2018: $218,4892018Assets 2019: $343,976Liabilities 2019: $391Net Assets 2019: $343,5852019Assets 2020: $547,375Liabilities 2020: $0Net Assets 2020: $547,3752020Assets 2021: $646,249Liabilities 2021: $0Net Assets 2021: $646,2492021Assets 2022: $745,002Liabilities 2022: $0Net Assets 2022: $745,0022022Assets 2023: $839,163Liabilities 2023: $0Net Assets 2023: $839,1632023Assets 2024: $924,940Liabilities 2024: $0Net Assets 2024: $924,9402024

Highlighted filing

2022

Assets$745,002
Liabilities$0
Net Assets$745,002

Operations Trend

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

$300K$200K$100K$0Revenue 2017: $108,484Expenses 2017: $16,085Net Income 2017: $92,3992017Revenue 2018: $174,300Expenses 2018: $48,210Net Income 2018: $126,0902018Revenue 2019: $181,045Expenses 2019: $55,949Net Income 2019: $125,0962019Revenue 2020: $267,050Expenses 2020: $63,260Net Income 2020: $203,7902020Revenue 2021: $169,016Expenses 2021: $70,142Net Income 2021: $98,8742021Revenue 2022: $266,233Expenses 2022: $167,430Net Income 2022: $98,8032022Revenue 2023: $192,193Expenses 2023: $98,032Net Income 2023: $94,1612023Revenue 2024: $210,508Expenses 2024: $124,731Net Income 2024: $85,7772024

Highlighted filing

2022

Revenue$266,233
Expenses$167,430
Net Income$98,803
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$267,427
Mission and Program Overview

Mission

Nextmark Foundation provides fundraising for Newmark School and Newmark High School, and provides educational services, namely, classes, seminars and workshops for educators and parents with children with developmental disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$645,999$745,002▲ $99,003
Accounts Receivable$250$0▼ $250
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$646,249$745,002▲ $98,753
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$646,249$745,002▲ $98,753
Total Net Assets Fund Balance$646,249$745,002▲ $98,753
Total Liabilities and Net Assets / Fund Balance$646,249$745,002▲ $98,753
Compensation and Service Providers

Employees

NameTitleBaseTotal
Cynthia AllmanPresident$12,000$12,000
Regina PeterVice President$12,000$12,000

Board Members and Trustees

NameTitle
Amy EisensteinChairman
Revenue and Support

Revenue Composition

Contributions and Grants
$239,627
Program Service Revenue
$22,800
Investment Income
$0
Other Revenue
$3,806
All Other Contributions
$239,627
Change in Net Assets
$98,803

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$68,581Fair Market Value (FMV)
Total Noncash Contributions1$68,581-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$98,407
Other Expenses$39,370
Salaries, Compensation, and Employee Benefits$29,653
Total Fundraising Expense$23,505
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$93,500--$93,500
Current Officers, Directors, Trustees, and Key Employees$3,750$2,700$20,550$27,000
Conferences and Meetings$25,260--$25,260
Fees for Services Other$6,350$2,423-$8,773
Grants to Domestic Individuals$4,907--$4,907
Office Expenses$173$2,894$135$3,202
Payroll Taxes$369$265$2,019$2,653
Insurance$490$245-$735
Other Expenses-$460$801$460
Total Functional Expenses$134,799$9,126$23,505$167,430
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Newmark School IncScotch Plains, NJ2Education$55,000
Newmark High School IncScotch Plains, NJ2Education$38,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$5,000
Fundraising Direct Expenses$1,194
Professional Fundraising Fees$0
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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

NEXTMARK CORPORATION, A 501(C)(3), HAS THE POWER TO:(A) APPROVE THE APPOINTMENT OF AND HAVE THE OPTION TO REMOVE ANY OF THE TRUSTEES OF THE SUPPORTED CORPORATIONS.(B) APPROVE ALL AMENDMENTS, REVISIONS AND RESTATEMENTS TO THE CERTIFICATE OF INCORPORATION AND BY-LAWS OF SUPPORTED CORPORATIONS BEFORE THEY MAY BECOME EFFECTIVE.(C) APPROVE AND MONITOR THE SUPPORTED CORPORATIONSb

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

Described in part vi, section a, question 7a.

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

The business manager performs a review of the form 990 and a representative of the board of trustees ensures review through sign off of the return.

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

Compensation is reviewed by the Finance Committee as part of the budget process. The NJ DOE has a salary cap for all positions

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

Compensation is reviewed by the Finance Committee; the NJDOE has a salary cap for all positions

Form 990, Part VI, Section C, Line 19

Governing documents, policies, and financial statements of the organization are available upon request.

Filing and Contact Details

Filer

Filer Name
Nextmark Foundation Inc
EIN
82-1173235
Phone
9087530330
Address
1000 CELLAR AVENUE, SCOTCH PLAINS, NJ 07076

Signing Officer

Name
Cynthia Allman
Title
President
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cynthia Allman
Formed
2017
Legal Domicile
Nj
Voting Board Members
3
Independent Board Members
3
Employees
3
Volunteers
1

Preparer

Firm
Cullari Carrico LLC
Address
55 LANE ROAD SUITE 300, FAIRFIELD, NJ 07004
Preparer
Robert J Valas
Phone
9734063955
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

BAD DEBT = -$250

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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0262427
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0154178
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0245678
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0175031
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0168436
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01005750
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt038500
IRS990ScheduleI/RecipientTable/CashGrantAmt155000
IRS990ScheduleI/RecipientTable/IRCSectionDesc02
IRS990ScheduleI/RecipientTable/IRCSectionDesc12
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1EDUCATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NEWMARK HIGH SCHOOL INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1THE NEWMARK SCHOOL INC
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01000 CELLAR AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11000 CELLAR AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SCOTCH PLAINS
IRS990ScheduleI/RecipientTable/USAddress/CityNm1SCOTCH PLAINS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NJ
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd007076
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd107076
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1CASH
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt068581
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NEXTMARK CORPORATION, A 501(C)(3), HAS THE POWER TO:(A) APPROVE THE APPOINTMENT OF AND HAVE THE OPTION TO REMOVE ANY OF THE TRUSTEES OF THE SUPPORTED CORPORATIONS.(B) APPROVE ALL AMENDMENTS, REVISIONS AND RESTATEMENTS TO THE CERTIFICATE OF INCORPORATION AND BY-LAWS OF SUPPORTED CORPORATIONS BEFORE THEY MAY BECOME EFFECTIVE.(C) APPROVE AND MONITOR THE SUPPORTED CORPORATIONSb
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIBED IN PART VI, SECTION A, QUESTION 7A.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BUSINESS MANAGER PERFORMS A REVIEW OF THE FORM 990 AND A REPRESENTATIVE OF THE BOARD OF TRUSTEES ENSURES REVIEW THROUGH SIGN OFF OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation is reviewed by the Finance Committee as part of the budget process. The NJ DOE has a salary cap for all positions
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation is reviewed by the Finance Committee; the NJDOE has a salary cap for all positions
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS OF THE ORGANIZATION ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BAD DEBT = -$250
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, Line 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE NEWMARK SCHOOL INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1NEWMARK HIGH SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0223785561
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1043735532
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PRIVATE SCHOOL FOR STUDENTS WITH DISABIL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1PRIVATE SCHOOL FOR STUDENTS WITH DISABIL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt12
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01000 CELLAR AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt11000 CELLAR AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SCOTCH PLAINS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1SCOTCH PLAINS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd007076
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd107076
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt055000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt138500
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0THE NEWMARK SCHOOL INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1NEWMARK HIGH SCHOOL
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0b
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1b
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false

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