NEW JERSEY CORPORATION FOR ADVANCED TECHNOLOGY

EIN: 223330787 501(c)(3) Housing & Shelter

BORDENTOWN, NJ

Total Revenue
$421,000
Total Expenses
$350,820
Total Assets
$229,691
Net Assets
$229,691
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NJ
Principal Officer
RICHARD S MAGEE
Phone
9738793056
Tax Period
2025-01-01 to 2025-12-31

NEW JERSEY CORPORATION FOR ADVANCED TECHNOLOGY, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $421K in total revenue in fiscal year 2025. Revenue surged 237% from the prior year, signaling strong growth momentum. The organization ran a surplus of $70K, a strong 17% operating margin.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT FUNCTION IS TO PROMOTE IN NEW JERSEY THE DEVELOPMENT OF NEW TECHNOLOGIES FOR ENVIRONMENTAL PROTECTION AND REMEDIATION AND ENERGY CONSERVATION. THE ORGANIZATION FUNCTIONS AS A PUBLIC PRIVATE PARTNERSHIP TO PROVIDE A FORUM FOR THE SHOWCASING OF NEW TECHNOLOGIES, TO ASSIST THE NEW JERSEY DEPARTMENT OF ENVIRONMENTAL PROTECTION ("NJDEP") IN CARRYING OUT MULTI-STATE AND INTERNATIONAL PROGRAMS OF REGULATORY COOPERATION AND TO CONDUCT A CERTIFICATION PROGRAM TO VERIFY THE CAPABILITIES OF NEW TECHNOLOGIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $421,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $421,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $343,894
Other Expenses $350,820
TOTAL EXPENSES $350,820

Year-over-Year Comparison

2025 2024 Change
Revenue $421,000 $125,000 +2.4%
Expenses $350,820 $130,839 +1.7%
Net Income $70,180 $-5,839 -13.0%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

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
6
Independent Members
6
Employees
N/A
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
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD S MAGEE EXECUTIVE DIRECTOR 10.00
Director
$0 $0 $0
CHRISTOS CHRISTODOULATOS PHD DIRECTOR 5.00
Director
$0 $0 $0
JOHN FERRANTE PE PP DIRECTOR 5.00
Director
$0 $0 $0
SERPIL GURAN PHD DIRECTOR 5.00
Director
$0 $0 $0
STANLEY LABRUNA RETD DIRECTOR 5.00
Director
$0 $0 $0
JOHN B WILKINSON RETD DIRECTOR 5.00
Director
$0 $0 $0
DANIEL WATTS PHD DIRECTOR 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
2025 $421,000 $350,820 $229,691 $70,180
2020 $218,661 $180,066 $191,883 $38,595
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