Leadership Newark Inc

EIN: 311659369 501(c)(3) Public & Societal Benefit

Newark, NJ

Total Revenue
$485,006
Total Expenses
$400,245
Total Assets
$703,244
Net Assets
$645,916
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NJ
Principal Officer
Celia M King
Phone
9733509200
Tax Period
2023-09-01 to 2024-08-31

Leadership Newark Inc, founded in 1998, is a small nonprofit in the Public & Societal Benefit sector that reported $485K in total revenue in fiscal year 2023. The organization ran a surplus of $85K, a strong 17% operating margin.

Mission

Leadership Newark (LN) is an organization which offers the following programs and services: Skill and Team Building Programs; Public Policy Enrichment Seminars; Public Policy Dinner Meetings; Community Leadership Initiative Projects; Public Policy Summits; Non-Profit Board Training & Development and Leadership Newark Graduate Organization Programs. These initiatives and programs are for adults who live, work or volunteer in the civic life of the City of Newark. All are leadership related programs born out of a desire to strengthen the City of Newark's civic infrastructure through preparing the next generation of leaders to serve in numerous professional, political and volunteer capacities in the largest city in the State of New Jersey. Founded in September 1998, the founders felt it was necessary to arm and prepare a strong cadre of citizens of diverse backgrounds with in-depth knowledge on a wide range of public policy issues who will be prepared to take on a variety of leadership roles in and around the City of Newark as the City undergoes an evolving renaissance. To date, the LN network is over 500 strong and the impact of their efforts is palpable across all sectors. LN prepares and grooms adult to be civic leaders through public policy debate and discussions augmented by skill building and team building sessions as well. The seminars are delivered in an adult friendly learning environment, which allows a setting, which fosters tremendous interaction and exchange among the Fellows and noted experts. We employ various formats such as panels & roundtable discussions, keynote addresses, site visits, case studies, small group dialogue and experiential training. In all instances we bring policy makers, elected officials, academicians and nationally recognized leaders in a small setting to share their knowledge, talents and expertise with the participants, who are eager community activists. Ultimately creating a powerful forum for the exchange of ideas and new approaches to some of the challenges facing the Newark community.

Program Service Accomplishments

Program 1
Expenses: $314,526 Revenue: $46,035

Leadership Newark (LN) PROGRAM- The LN program is as a community building fellowship program, which prepares and grooms adults to be civic leaders through public policy enrichment augmented by skill...

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Leadership Newark (LN) PROGRAM- The LN program is as a community building fellowship program, which prepares and grooms adults to be civic leaders through public policy enrichment augmented by skill building and team building sessions as well (SEE SCHEDULE O FOR DETAILS).

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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 $421,877
Program Service Revenue $46,035
Investment Income $8,187
Other Revenue $8,907
TOTAL REVENUE $485,006

Expense Breakdown

Grants Paid $0
Salaries & Benefits $268,348
Fundraising Expenses $49,204
Program Expenses $314,526
Other Expenses $131,897
TOTAL EXPENSES $400,245

Year-over-Year Comparison

2023 2022 Change
Revenue $485,006 $459,114 +0.1%
Expenses $400,245 $442,370 -0.1%
Net Income $84,761 $16,744 +4.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
2
Volunteers
10

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
4
$190,325
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CELIA M KING MPS CHIEF EXECUTIVE OFFICER 40.0
Officer
$171,467 $18,858 $190,325
Karen O Moore Board Chair, Trustee 5.0
Officer Director
$0 $0 $0
Martin A Berkowitz Vice Chair, Trustee 5.0
Officer Director
$0 $0 $0
Bruno Genova Treasurer/Secretary, Trustee 5.0
Officer Director
$0 $0 $0
M Cristina Martinez Trustee 2.0
Director
$0 $0 $0
Robert S Steinbaum Esq TRUSTEE 2.0
Director
$0 $0 $0
Irene M O'Brien TRustee 2.0
Director
$0 $0 $0
APRIL VIRHUEZ TRUSTEE 2.0
Director
$0 $0 $0
Stephen Genzer Trustee 2.0
Director
$0 $0 $0
Mark A Chaplain Esq Trustee 2.0
Director
$0 $0 $0
Sara Pena Trustee 2.0
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 No data No data No data No data
2024 $485,006 $400,245 $703,244 $84,761
2023 $459,114 $442,370 $648,646 $16,744
2022 $459,687 $311,086 $587,775 $148,601
2021 $394,036 $453,215 $482,514 $-59,179
2020 $417,817 $440,181 $524,335 $-22,364
2019 $493,802 $366,845 $512,380 $126,957
2018 $491,958 $421,157 $396,560 $70,801
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