Civic Intelligence

New Jersey Academy of Technology

EIN 83-4626420 • 501(c)3 • Tenafly, NJ

Profile

To provide a rigorous, well-rounded college-preparatory education to equip our students for an ever-changing world.

353 E Clinton AveTenafly, NJ 07670

njat.us

Siviq Scores

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

Liabilities / Assets

88th percentile

0.62x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

95th percentile

2.09x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

63rd percentile

12%

Higher net margin than 63% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

95th percentile

161%

Faster asset growth than 95% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

18th percentile

-19%

Faster revenue growth than 18% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$708,728

Up $437,351 (+161%) from 2021

Liabilities

Up

$440,909

Up $435,575 (+8166%) from 2021

Net Assets

Up

$267,819

Up $1,776 (+0.7%) from 2021

Revenue

Down

$210,857

Down $50,982 (-19%) from 2021

Expenses

Down

$186,317

Down $71,155 (-28%) from 2021

Net Income

Up

$24,540

Up $20,173 (+462%) from 2021

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2020: $295,038Liabilities 2020: $33,362Net Assets 2020: $261,6762020Assets 2021: $271,377Liabilities 2021: $5,334Net Assets 2021: $266,0432021Assets 2022: $708,728Liabilities 2022: $440,909Net Assets 2022: $267,8192022

Highlighted filing

2022

Assets$708,728
Liabilities$440,909
Net Assets$267,819

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2020: $249,314Expenses 2020: $249,441Net Income 2020: -$1272020Revenue 2021: $261,839Expenses 2021: $257,472Net Income 2021: $4,3672021Revenue 2022: $210,857Expenses 2022: $186,317Net Income 2022: $24,5402022

Highlighted filing

2022

Revenue$210,857
Expenses$186,317
Net Income$24,540

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 18, 2023
Return Version
2022v5.0
Gross Receipts
$210,857
Mission and Program Overview

Mission

To provide a rigorous, well-rounded college-preparatory education to equip our students for an ever-changing world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,877$441,228▲ $437,351
Cap Stk Tr Prin Current Funds$250,000$250,000→ $0
Rtn Earn Endowment Incm Other Fnds$-6,721$17,819▲ $24,540
Land, Buildings, and Equipment, Net$17,500$17,500→ $0
Total Assets$271,377$708,728▲ $437,351
Other Assets Total$250,000$250,000→ $0
Liabilities
Other Liabilities$28,098$440,909▲ $412,811
Total Liabilities$28,098$440,909▲ $412,811
Net Assets / Fund Balance
Total Net Assets Fund Balance$243,279$267,819▲ $24,540
Total Liabilities and Net Assets / Fund Balance$271,377$708,728▲ $437,351

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$250,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paul B YooDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$22,764
Program Service Revenue
$188,093
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$24,540
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$121,573
Salaries, Compensation, and Employee Benefits$64,744
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy-$68,700-$68,700
Other Salaries and Wages-$62,153-$62,153
All Other Expenses-$7,571-$7,571
Insurance-$6,302-$6,302
Other Expenses-$4,416-$4,416
Office Expenses-$4,092-$4,092
Payment Travel Entrtnmnt Publicly Ofcl-$3,498-$3,498
Payroll Taxes-$2,591-$2,591
Fees for Services Accounting-$1,800-$1,800
Advertising-$1,450-$1,450
Total Functional Expenses$0$186,317$0$186,317
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sba Loan - Eidl$438,000
Withholding Tax Payable$2,909
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
New Jersey Academy of Technology
EIN
83-4626420
Phone
2016278384
Address
353 E CLINTON AVE, TENAFLY, NJ 07670

Signing Officer

Name
Paul B Yoo
Title
Director
Phone
2016278384
Signed
2023-05-18

Organization Details

Principal Officer
Paul B Yoo
Voting Board Members
3
Independent Board Members
3
Employees
6

Preparer

Firm
David Shin CPA Pc
Address
21814 NORTHERN BLVD STE 108, BAYSIDE, NY 11361-3580
Preparer
David Shin CPA Pc
Phone
7183520884
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