BIG BROTHERS BIG SISTERS OF COASTAL & NORTHERN NEW JERSEY INC

EIN: 222115416 501(c)(3)

ASBURY PARK, NJ

Total Revenue
$3,333,687
Total Expenses
$3,144,189
Total Assets
$5,390,520
Net Assets
$4,577,032
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
NJ
Principal Officer
BARRY WESHNAK
Phone
7325442224
Tax Period
2024-01-01 to 2024-12-31

BIG BROTHERS BIG SISTERS OF COASTAL & NORTHERN NEW JERSEY INC, founded in 1976, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024. Expenses of $3.1M left a modest 6% surplus.

Mission

THE MISSION OF BIG BROTHERS BIG SISTERS IS TO MAKE A POSITIVE DIFFERENCE IN THE LIVES OF CHILDREN, WHO ARE FACING EMOTIONAL, SOCIAL AND ACADEMIC CHALLENGES. THROUGH PROFESSIONAL-SUPPORTED RELATIONSHIPS WITH A CARING ADULT, BIG BROTHERS BIG SISTERS ASSISTS THE CHILDREN IN ACHIEVING THEIR HIGHEST POTENTIAL AS THEY GROW TO BECOME CONFIDENT, COMPENTENT AND CARING INDIVIDUALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,572,376
Program Service Revenue $0
Investment Income $396,372
Other Revenue $364,939
TOTAL REVENUE $3,333,687

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,495,940
Fundraising Expenses $278,325
Program Expenses $2,721,885
Other Expenses $535,272
TOTAL EXPENSES $3,144,189

Year-over-Year Comparison

2024 2023 Change
Revenue $3,333,687 $3,191,158 +0.0%
Expenses $3,144,189 $2,970,320 +0.1%
Net Income $189,498 $220,838 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
30
Independent Members
30
Employees
36
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
0
$0
Total Directors
31
$0
Key Employees
1
$309,500
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM SALCEDO EXECUTIVE DI 40.00
Key Emp
$309,500 $0 $309,500
VIJAY ALUWALIA TRUSTEE N/A
Director
$0 $0 $0
DANIEL CAMPBELL TRUSTEE N/A
Director
$0 $0 $0
CAROLYN CANNON TRUSTEE N/A
Director
$0 $0 $0
ERIC CARNEY TRUSTEE N/A
Director
$0 $0 $0
PAUL DIMAIO GOVERNANCE C N/A
Director
$0 $0 $0
ROBERT FAHEY TRUSTEE N/A
Director
$0 $0 $0
CATHERINE FRANZONI VICE PRESIDE N/A
Director
$0 $0 $0
ADAM GRENKER TRUSTEE N/A
Director
$0 $0 $0
MARK D HALL TRUSTEE N/A
Director
$0 $0 $0
JOHN HARRIS TRUSTEE N/A
Director
$0 $0 $0
JAMES E HENRY TRUSTEE N/A
Director
$0 $0 $0
LAUREN HOLMAN TREASURER N/A
Director
$0 $0 $0
PATRICIA HOWARD TRUSTEE N/A
Director
$0 $0 $0
ROBERT KRIM TRUSTEE N/A
Director
$0 $0 $0
MICHAEL J LOSCH TRUSTEE N/A
Director
$0 $0 $0
ARON GREEN MD TRUSTEE N/A
Director
$0 $0 $0
ROBERT MCCAIG TRUSTEE N/A
Director
$0 $0 $0
HEATHER MEADE TRUSTEE N/A
Director
$0 $0 $0
ROBERT NAGEL TRUSTEE N/A
Director
$0 $0 $0
RICHARD PAUL TRUSTEE N/A
Director
$0 $0 $0
EDWARD REILLY TRUSTEE N/A
Director
$0 $0 $0
GREG RICHARDSON TRUSTEE N/A
Director
$0 $0 $0
JOSEPH RO TRUSTEE N/A
Director
$0 $0 $0
KENNETH N SABLE TRUSTEE N/A
Director
$0 $0 $0
MICHAEL SALERNO 2ND VICE PRE N/A
Director
$0 $0 $0
MATT SCARAVAGLIONE TRUSTEE N/A
Director
$0 $0 $0
STEVEN TSIMBINOS SECRETARY N/A
Director
$0 $0 $0
LOU VETERE FINANCE COMM N/A
Director
$0 $0 $0
FRANK S WARDZINSKI TRUSTEE N/A
Director
$0 $0 $0
BARBARA WELSH TRUSTEE N/A
Director
$0 $0 $0
BARRY WESHNAK PRESIDENT 5.00
Director
$0 $0 $0
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 $3,333,687 $3,144,189 $5,390,520 $189,498
2023 $3,191,158 $2,970,320 $5,437,022 $220,838
2022 $4,751,818 $2,691,368 $5,124,931 $2,060,450
2021 $2,392,260 $2,117,228 $2,010,568 $275,032
2020 $2,598,093 $1,942,527 $1,735,605 $655,566
2018 $1,200,085 $1,102,899 $861,151 $97,186
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