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
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

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.

Program Service Accomplishments

Program 1
Expenses: $37,315 Revenue: $37,315

EDUCATIONAL PROGRAMS - NJREF PROVIDES EDUCATIONAL COURSES AND MATERIALS RELATING TO THE RESTAUTANT/HOSPITALITY INDUSTRY THROUGH THE SERVSAFE EDUCATION PROGRAM. NJREF ALSO TEAMED UP WITH THE NATIONAL...

Read more

EDUCATIONAL PROGRAMS - NJREF PROVIDES EDUCATIONAL COURSES AND MATERIALS RELATING TO THE RESTAUTANT/HOSPITALITY INDUSTRY THROUGH THE SERVSAFE EDUCATION PROGRAM. NJREF ALSO TEAMED UP WITH THE NATIONAL RESTAURANT EDUCATIONAL FOUNDATION TO BRING THE RESTAURANT INDUSTRY INTO THE CLASSROOM. PROSTART IS A NATIONALLY RECOGNIZED TWO-YEAR PROGRAM FOR HIGH SCHOOL STUDENTS THAT EDUCATES AND DEVELOPS THOSE STUDENTS INTO FUTURE LEADERS OF THE RESTAURANT AND HOSPITALITY INDUSTRY.

Program 2

DURING THE PANDEMIC, THE ORGANIZATION RECEIVED GRANTS WHICH WERE USED TO SUPPORT LOCAL RESTAURANTS. ADDITIONALLY, THE ORGANIZATION CREATED THE BEVERAGE AND FOOD EMPLOYEE CRISIS SUPPORT FUND. THE...

Read more

DURING THE PANDEMIC, THE ORGANIZATION RECEIVED GRANTS WHICH WERE USED TO SUPPORT LOCAL RESTAURANTS. ADDITIONALLY, THE ORGANIZATION CREATED THE BEVERAGE AND FOOD EMPLOYEE CRISIS SUPPORT FUND. THE GRANTS WERE USED TO SUPPORT FRONT OF HOUSE AND BACK OF HOUSE EMPLOYEES OF THE BEVERAGE AND FOOD INDUSTRY IN TIMES OF PERSONAL CRISIS OR NATIONAL DISASTER. THERE WAS NO ACTIVITY FOR 2023.

Program 3

SCHOLARSHIPS - PROVIDE SCHOLARSHIPS TO STUDENTS WHO ARE MATRICULATING IN A RESTAURANT/HOSPITALITY-INDUSTRY RELATED PROGRAM. NO SCHOLARSHIPS WERE ISSUED IN 2023.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

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
Explore More Nonprofits
→Top 100 Nonprofits in New Jersey →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare NEW JERSEY RESTAURANT EDUCATION FOUNDATION INC with other nonprofits in New Jersey and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.