NEW JERSEY EDUCATION ASSOCIATION

EIN: 210524390

TRENTON, NJ

Total Revenue
$160,598,801
Total Expenses
$142,074,362
Total Assets
$270,562,783
Net Assets
$237,250,895
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1853
Legal Domicile
NJ
Principal Officer
SEAN M SPILLER
Phone
6095994561
Tax Period
2023-09-01 to 2024-08-31

NEW JERSEY EDUCATION ASSOCIATION, founded in 1853, is a major nonprofit that reported $160.6M in total revenue in fiscal year 2023. Expenses of $142.1M left a modest 12% surplus.

Mission

THIS ASSOCIATION IS ESTABLISHED TO PROMOTE THE EDUCATION INTERESTS OF THE STATE; TO PROMOTE EQUAL EDUCATIONAL OPPORTUNITY FOR ALL STUDENTS; TO SECURE AND MAINTAIN FOR THE OFFICE OF TEACHING ITS TRUE POSITION AMONG THE PROFESSIONS; TO PROMOTE AND GUARD THE INTERESTS OF EMPLOYEES WHO ARE IN EMPLOYMENT CATEGORIES ELIGIBLE FOR MEMBERSHIP.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,593,726
Program Service Revenue $145,444,510
Investment Income $9,511,174
Other Revenue $49,391
TOTAL REVENUE $160,598,801

Expense Breakdown

Grants Paid $11,963,840
Salaries & Benefits $65,575,967
Fundraising Expenses $0
Other Expenses $64,496,831
TOTAL EXPENSES $142,074,362

Year-over-Year Comparison

2023 2022 Change
Revenue $160,598,801 $155,155,057 +0.0%
Expenses $142,074,362 $139,068,562 +0.0%
Net Income $18,524,439 $16,086,495 +0.2%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
41
Independent Members
38
Employees
585
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$1,372,314
Total Directors
38
$146,100
Key Employees
4
$2,285,805
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT M LAMORTE EXECUTIVE COMMITTEE 2.00
Director
$3,758 $0 $3,758
FRANCISCO C BARQUIN EXECUTIVE COMMITTEE 2.00
Director
$3,758 $0 $3,758
BRENDA BRATHWAITE EXECUTIVE COMMITTEE 2.00
Director
$3,758 $0 $3,758
ESTHER A FLETCHER EXECUTIVE COMMITTEE 2.00
Director
$3,954 $0 $3,954
LAURIE T GIBSON-PARKER EXECUTIVE COMMITTEE 2.00
Director
$3,758 $0 $3,758
TAMMI J LEE EXECUTIVE COMMITTEE 2.00
Director
$4,118 $0 $4,118
COLLEEN C GILMARTIN EXECUTIVE COMMITTEE 2.00
Director
$3,758 $0 $3,758
CHRISTINE SAMPSON-CLARK EXECUTIVE COMMITTEE 2.00
Director
$4,353 $0 $4,353
MARIE K BATTIST-ROCK EXECUTIVE COMMITTEE 2.00
Director
$0 $0 $0
RICHARD F D'AVANZO EXECUTIVE COMMITTEE 2.00
Director
$4,272 $0 $4,272
MICHAEL E FRANK EXECUTIVE COMMITTEE 2.00
Director
$4,696 $0 $4,696
TAMARA Y BEATTY EXECUTIVE COMMITTEE 2.00
Director
$4,248 $0 $4,248
THERESA L FULLER EXECUTIVE COMMITTEE 2.00
Director
$3,758 $0 $3,758
TEMIKA LANGSTON-MYERS EXECUTIVE COMMITTEE 2.00
Director
$3,758 $0 $3,758
RONALD F GRECO EXECUTIVE COMMITTEE 2.00
Director
$3,758 $0 $3,758
JENNFIER HERRICK EXECUTIVE COMMITTEE 2.00
Director
$3,758 $0 $3,758
RYAN GRIFFIN EXECUTIVE COMMITTEE 2.00
Director
$3,758 $0 $3,758
CARLA MANCUSO EXECUTIVE COMMITTEE 2.00
Director
$4,353 $0 $4,353
TARSHA LAWSON EXECUTIVE COMMITTEE 2.00
Director
$4,549 $0 $4,549
MARCO A MARTINEZ EXECUTIVE COMMITTEE 2.00
Director
$4,658 $0 $4,658
DAWN A NICHOL-MANNING EXECUTIVE COMMITTEE 2.00
Director
$5,408 $0 $5,408
SUSAN MCBRIDE EXECUTIVE COMMITTEE 2.00
Director
$3,758 $0 $3,758
PETER J MORAN EXECUTIVE COMMITTEE 2.00
Director
$3,758 $0 $3,758
BARBARA B RHEAULT EXECUTIVE COMMITTEE 2.00
Director
$3,758 $0 $3,758
SUSAN R VALA EXECUTIVE COMMITTEE 2.00
Director
$4,040 $0 $4,040
LISA M SIMONE EXECUTIVE COMMITTEE 2.00
Director
$4,070 $0 $4,070
MELISSA TOMLINSON EXECUTIVE COMMITTEE 2.00
Director
$4,235 $0 $4,235
JOAN M WRIGHT EXECUTIVE COMMITTEE 2.00
Director
$4,353 $0 $4,353
ASHANTI T RANKIN EXECUTIVE COMMITTEE 2.00
Director
$4,194 $0 $4,194
STACY A YANKO EXECUTIVE COMMITTEE 2.00
Director
$3,758 $0 $3,758
BIANCA M NICOLESCU EXECUTIVE COMMITTEE 2.00
Director
$0 $0 $0
LOIS YUKNA EXECUTIVE COMMITTEE 2.00
Director
$4,991 $0 $4,991
KERRI LEE FARRELL EXECUTIVE COMMITTEE 2.00
Director
$4,658 $0 $4,658
AMY L SALINGER EXECUTIVE COMMITTEE 2.00
Director
$4,658 $0 $4,658
STEVEN KOUMOULIS EXECUTIVE COMMITTEE 2.00
Director
$5,933 $0 $5,933
LAURIE A O'BRIEN EXECUTIVE COMMITTEE 2.00
Director
$3,989 $0 $3,989
MARK RICHARDS EXECUTIVE COMMITTEE 2.00
Director
$3,758 $0 $3,758
MATTHEW R YURO EXECUTIVE COMMITTEE 2.00
Director
$0 $0 $0
SEAN M SPILLER PRESIDENT 40.00
Officer
$382,148 $195,157 $577,305
STEVE BEATTY VICE PRESIDENT 40.00
Officer
$288,443 $151,655 $440,098
PETAL T ROBERTSON SECRETARY-TREASURER 40.00
Officer
$283,175 $71,736 $354,911
KEVIN KELLEHER EXECUTIVE DIRECTOR 40.00
Key Emp
$434,198 $437,789 $871,987
DENISE GRAFF POLICASTRO DEPUTY EXECUTIVE DIRECTOR 40.00
Key Emp
$373,642 $233,626 $607,268
MATTHEW DIRADO HR MANAGER 40.00
Key Emp
$296,637 $155,671 $452,308
KRISTEN SHERMAN ACCOUNTING AND FINANCE MAN 40.00
Key Emp
$253,960 $100,282 $354,242
JOHN COTTONE DIRECTOR, IT & OPERATIONS 40.00
Highest
$302,302 $154,940 $457,242
STEVEN BAKER DIRECTOR, COMMUNICATIONS 40.00
Highest
$317,379 $241,155 $558,534
THOMAS HARDY REGIONAL DIRECTOR, UNISERV 40.00
Highest
$318,942 $328,759 $647,701
KAREN KRYVEN COMPTROLLER 40.00
Highest
$322,238 $232,483 $554,721
PATRICK MANAHAN REGIONAL DIRECTOR, UNISERV 40.00
Highest
$290,971 $167,059 $458,030
MARIE BLISTAN PAST PRESIDENT 0.00
$121,195 $40,027 $161,222
STEVE SWETSKY FORMER EXECUTIVE DIRECTOR 0.00
$747,383 $40,807 $788,190
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $160,598,801 $142,074,362 $270,562,783 $18,524,439
2023 $155,155,057 $139,068,562 $250,419,848 $16,086,495
2022 $162,747,424 $137,105,479 $244,564,992 $25,641,945
2021 $153,107,939 $132,365,362 $222,977,230 $20,742,577
2020 $150,341,187 $142,812,939 $187,542,897 $7,528,248
2019 $149,947,159 $116,177,014 $179,145,054 $33,770,145
2018 $144,168,394 $137,503,863 $163,251,228 $6,664,531
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