NEW JERSEY SEA GRANT CONSORTIUM INC

EIN: 237025812 501(c)(3)

FORT HANCOCK, NJ

Total Revenue
$5,208,236
Total Expenses
$5,178,560
Total Assets
$3,429,250
Net Assets
$1,389,653
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
NJ
Principal Officer
DR PETER M ROWE
Phone
7328721300
Tax Period
2023-10-01 to 2024-09-30

NEW JERSEY SEA GRANT CONSORTIUM INC, founded in 1969, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2023. Revenue surged 106% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE THE WISE USE OF NEW JERSEY'S MARINE AND COASTAL RESOURCES THROUGH RESEARCH, EDUCATION, AND OUTREACH. TO ADVANCE KNOWLEDGE,STEWARDSHIP AND SUSTAINABLE USE OF NEW JERSEY'S MARINE AND COASTAL RESOURCES BY PROVIDING INTEGRATED RESEARCH, EDUCATION, COMMUNICATIONS, AND EXTENSION SERVICES TO NEW JERSEY'S CITIZENS AND VISITORS. NEW JERSEY SEA GRANT CONSORTIUM, INC. ALSO SUPPORTS NEW JERSEY'S PRE-COLLEGE AND POST-SECONDARY ACADEMIC INSTITUTIONS TO ENSURE THE QUALITY, AVAILABILITY, AND ACCESSIBILITY OF MARINE AND COASTAL EDUCATION PROGRAMS STATEWIDE.

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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 $4,959,318
Program Service Revenue $200,574
Investment Income $39,199
Other Revenue $9,145
TOTAL REVENUE $5,208,236

Expense Breakdown

Grants Paid $3,512,104
Salaries & Benefits $1,177,343
Fundraising Expenses $0
Program Expenses $4,631,778
Other Expenses $489,113
TOTAL EXPENSES $5,178,560

Year-over-Year Comparison

2023 2022 Change
Revenue $5,208,236 $2,528,806 +1.1%
Expenses $5,178,560 $2,490,392 +1.1%
Net Income $29,676 $38,414 -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

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
15
Independent Members
15
Employees
51
Volunteers
125

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
5
$320,440
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS T KEARNEY CHAIRPERSON 1.00
Officer Director
$0 $0 $0
DR HOWARD I PARISH VICE CHAIRPE 1.00
Officer Director
$0 $0 $0
GREGORY T AIKINS TRUSTEE 1.00
Director
$0 $0 $0
DR HEPING ZHOU TRUSTEE 1.00
Director
$0 $0 $0
DR MICHEL BOUFADEL TRUSTEE 1.00
Director
$0 $0 $0
GARY DICKINSON TRUSTEE 1.00
Director
$0 $0 $0
DORINA FRIZZERA TRUSTEE 1.00
Director
$0 $0 $0
J LINDSAY FULLER TRUSTEE 1.00
Director
$0 $0 $0
DR JAY KELLY TRUSTEE 1.00
Director
$0 $0 $0
KANESAH K JONES TRUSTEE 1.00
Director
$0 $0 $0
DR MARIE C MONTES-MATIAS TRUSTEE 1.00
Director
$0 $0 $0
DR CHARLES SCHUTTE TRUSTEE 1.00
Director
$0 $0 $0
DR MICHAEL PEEK TRUSTEE 1.00
Director
$0 $0 $0
DR OSCAR SCHOFIELD TRUSTEE 1.00
Director
$0 $0 $0
THOMAS R SIEGERT TRUSTEE 1.00
Director
$0 $0 $0
DR PETER M ROWE EXECUTIVE DI 40.00
Officer
$118,100 $23,244 $141,344
DEBORAH A QUINN CORPORATE SE 40.00
Officer
$77,535 $20,702 $98,237
DEBRA A BURD FISCAL OFFIC 40.00
Officer
$60,917 $19,942 $80,859
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 No data No data No data No data
2024 $5,208,236 $5,178,560 $3,429,250 $29,676
2023 $2,528,806 $2,490,392 $2,194,537 $38,414
2022 $3,574,556 $3,419,242 $2,239,684 $155,314
2021 $2,577,834 $2,475,036 $1,817,773 $102,798
2020 $2,177,847 $2,319,688 $1,520,781 $-141,841
2019 $2,522,259 $2,626,751 $1,792,280 $-104,492
2018 $2,137,216 $2,360,099 $1,980,907 $-222,883
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