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NEWARK TRUST FOR EDUCATION INC

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Public IRS 990 nonprofit record

NEWARK TRUST FOR EDUCATION INC

EIN 38-3663314 · Educational Services (B90)

What they do

Newark Trust for Education, Inc. (the "Trust") Was Incorporated In The State of New Jersey As A Not-for Profit Organization On August 23, 2002. Effective December 12, 2011, The Organization Registered A Legal Name Change From Newark Public Schools Foundation, Inc. to Newark Trust for Education, Inc. The Trust is An Independent Non-profit Dedicated to Coordinating and Focusing Ideas, People, and Resources On The Efficient and Effective Delivery of A Quality Public Education to All Children In Newark; and to Creating Broad and Shared Accountability for Student Success Across Multiple Stakeholders. The Trust Envisions A Public Education Infrastructure That Leverages The Wide Array of Opportunities Available to The Young People of Newark, Effectively Creating Positive Conditions for Learning That Help Young People Meet Rigorous Academic Outcomes, Develop Strong Socio-emotional Skills, and Have Access to High-quality Post-secondary Options.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $68.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders8 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

186.26%of revenue went to mission work68.5% of expenses · Program services
$271.88spent for every $100 of revenueSpending was higher than revenue this year.
99.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $237,774 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$138,341
Mission workProgram services$257,672186.26% of revenue68.5% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$376,115271.88% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 68.5% mission · 0.0% management · 0.0% fundraisingTotal expenses: 271.88% of revenue
2023Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 215.18% of revenue
2022Expense mix: 62.4% mission · 24.7% management · 12.9% fundraisingTotal expenses: 220.20% of revenue
2021Expense mix: 75.0% mission · 15.3% management · 9.7% fundraisingTotal expenses: 291.34% of revenue
2020Expense mix: 74.1% mission · 19.7% management · 6.2% fundraisingTotal expenses: 202.74% of revenue
2019Expense mix: 74.3% mission · 18.8% management · 6.9% fundraisingTotal expenses: 155.25% of revenue
2018Expense mix: 84.5% mission · 10.5% management · 4.9% fundraisingTotal expenses: 91.78% of revenue
2017Expense mix: 82.9% mission · 10.8% management · 6.3% fundraisingTotal expenses: 50.47% of revenue

Money in and money out

Revenue$138,341
Expenses$376,115
Annual shortfall $237,774 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$257,672 · 68.5% of expenses
See all reported dollar amounts
Revenue$138,341
Expenses$376,115
Income$1,393,146
Contributions$137,176
Mission work (program services)$257,672
Grants given$2,245,037
Average grant$43,174
Executive compensation (total)$452,698
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (8)

CELIA M KINGCO-CHAIR/SECRETARY/BOARD MEM.

DR CHARLES PAYNEBOARD MEMBER

DR JACQUELINE CUSACKBOARD MEMBER

JENNIFER TSUKAYAMABOARD MEMBER

KYLE ROSENKRANSTREASURER/BOARD MEMBER

PETER T ROSARIOBOARD MEMBER

ROBERT CLARKCO-CHAIR/BOARD MEMBER

SHANE HARRISVICE PRESIDENT/ BOARD MEMBER

About this charity

Recognized since
May 2003
Location
494 Broad Street Suite LL30, Newark, NJ 07102
County
Essex
In care of
Robert Clark
Primary officer
Robert Clark, Co-Chair

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990EZ
Tax preparer
WITHUMSMITHBROWN PC
NTEE classification
Educational Services (B90)
IRS tax category
Educational Services
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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