NEW JERSEY RESTAURANT EDUCATION FOUNDATION INC

EIN: 223549761 501(c)(3) Education

TRENTON, NJ

Total Revenue
$89,087
Total Expenses
$51,572
Total Assets
$115,285
Net Assets
$-22,262
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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
1997
Legal Domicile
NJ
Principal Officer
AMANDA STONE
Phone
6095993316
Tax Period
2023-01-01 to 2023-12-31

NEW JERSEY RESTAURANT EDUCATION FOUNDATION INC, founded in 1997, is a micro nonprofit in the Education sector that reported $89K in total revenue in fiscal year 2023. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $38K, a strong 42% operating margin.

Mission

THE FOUNDATION IS ORGANIZED TO PROMOTE RESEARCH AND EDUCATION IN THE RESTAURANT/HOSPITALITY INDUSTRY, TO DISTRIBUTE SCHOLARSHIP FUNDS TO QUALIFIED STUDENTS, AND TO EDUCATE PEOPLE TO THE BENEFITS OF PURSUING A CAREER IN THE RESTAURANT/HOSPITALITY INDUSTRY IN NJ.

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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 $32,832
Program Service Revenue $399
Investment Income $2,083
Other Revenue $53,773
TOTAL REVENUE $89,087

Expense Breakdown

Grants Paid $0
Salaries & Benefits $29,082
Fundraising Expenses $13,505
Program Expenses $37,315
Other Expenses $22,490
TOTAL EXPENSES $51,572

Year-over-Year Comparison

2023 2022 Change
Revenue $89,087 $50,300 +0.8%
Expenses $51,572 $83,487 -0.4%
Net Income $37,515 $-33,187 -2.1%
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
8
Independent Members
8
Employees
N/A
Volunteers
9

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
$182,002
Total Directors
9
$182,002
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANA LANCELLOTTI SECRETARY 3.00
Officer Director
$139,051 $0 $139,051
LESLIE STEELE VICE PRESIDE 5.00
Officer Director
$42,951 $0 $42,951
JEANNE CRETELLA DIRECTOR 1.00
Director
$0 $0 $0
TIM DELANEY DIRECTOR 1.00
Director
$0 $0 $0
ROBERT GILBERT DIRERCTOR 1.00
Director
$0 $0 $0
MATT PASSERO DIRECTOR 1.00
Director
$0 $0 $0
STEVE SANDERS DIRECTOR 2.00
Director
$0 $0 $0
AMANDA STONE INTERIM EXEC 1.00
Officer Director
$0 $0 $0
GARY YOUNG DIRECTOR 1.00
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 No data No data No data No data
2023 $89,087 $51,572 $115,285 $37,515
2022 $50,300 $83,487 $122,348 $-33,187
2021 $123,912 $97,706 $179,032 $26,206
2020 $281,325 $241,382 $120,470 $39,943
2019 $177,543 $140,621 $95,888 $36,922
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