Nonprofits›Greater Newark Enterprises Corporation

Community Improvement & Capacity Building

Greater Newark Enterprises Corporation

NEWARK, NJ

Website

Total revenue

$2.9M

Total expenses

$1.6M

Net assets

$5.5M

Grants received

$5.2M

35 grants

EIN

202247312

Tax year

2024

Mission

The greater newark enterprises corporation (gnec) makes loans and investments in programs in urban communities engaged in the following wealth-creation strategies: providing financial services, loans and investments, offering training and mentoring, information and referral support. The gnec seminars covers taxes, marketing and sales, purchasing and inventory.

Financials

FY 2024

Revenue

Contributions & grants$2.6M
Program service revenue$301K
Investment income$22K
Other revenue—
Total revenue$2.9M

Expenses

Grants paid—
Salaries & benefits$779K
Fundraising$98K
Other expenses$865K
Total expenses$1.6M
Total assets$7.1M
Net assets$5.5M

People

16 listed

NameRoleCompensation

YANE ARIAS

Trustee

Board

—

0.2 hrs/wk

GUSTAVO ABREU

Trustee

Board

—

0.2 hrs/wk

AMIT AIREN

Trustee

Board

—

0.2 hrs/wk

DOMINICK BELFORE

Trustee

Board

—

0.2 hrs/wk

CHRIS MURPHY

Trustee

Board

—

0.2 hrs/wk

KATERINA ZACHARIA

Trustee

Board

—

0.2 hrs/wk

THERONE HOPKINS

Trustee

Board

—

0.2 hrs/wk

CARLTON WEST

Trustee

Board

—

0.2 hrs/wk

JULIAN IBANEZ

Trustee

Board

—

0.2 hrs/wk

JOHN SUWATSON

Secretary

Board

—

0.2 hrs/wk

JUDITH SHEFT

Chairman

Board

—

1 hrs/wk

AVI TELYAS

Treasurer

Board

—

0.2 hrs/wk

GLENN CARROLL

Trustee

Board

—

0.2 hrs/wk

KEN BLAND

Trustee

Board

—

0.2 hrs/wk

TAMARA MANGUM

Trustee

Board

—

0.2 hrs/wk

VICTOR SALAMA

EXECUTIVE DIRECTOR

Staff

$230K

40 hrs/wk

Independent contractors

CAPITAL SOURCE ASSOCIATES

CONSULTING

$182K

Grants received

Showing 35 of 35

FromAmountPurposeYear
THE PRUDENTIAL FOUNDATION
$550K
ORGANIZATIONAL CAPACITY BUILDING
2024
CITI FOUNDATION
$400K
COMMUNITY PROGRESS MAKERS
2024
OPPORTUNITY FINANCE NETWORK
$200K
OPERATING GRANT
2024
THE BLACKBAUD GIVING FUND
$100K
GENERAL SUPPORT
2024
JPMORGAN CHASE FOUNDATION
$100K
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2024
VICTORIA FOUNDATION INC
$20K
TO SUPPORT GENERAL OPERATIONS
2024
T&M ASSOCIATES FOUNDATION INC
$3K
DONATION- EDUCATION
2024
THE PRUDENTIAL FOUNDATION
$470K
ORGANIZATIONAL CAPACITY BUILDING
2023
VICTORIA FOUNDATION INC
$20K
TO SUPPORT GENERAL OPERATIONS
2023
UCSB Charitable Foundation Inc
$15K
Assist in covering some of the costs of activities directly benefiting the business-related needs to individuals reentering society.
2023
COLUMBIA BANK FOUNDATION
$5K
SUMMER ENTREPRENEURSHIP INSTITUTE
2023
T&M ASSOCIATES FOUNDATION INC
$3K
DONATION- EDUCATION
2023
THE PRUDENTIAL FOUNDATION
$630K
ORGANIZATIONAL CAPACITY BUILDING
2022
LOCAL INITIATIVES SUPPORT CORPORATION
$379K
SEE PART IV
2022
THE BLACKBAUD GIVING FUND
$100K
GENERAL SUPPORT
2022
UNITED WAY OF ESSEX & WEST HUDSON
$30K
PROGRAM ASSISTANCE
2022
VICTORIA FOUNDATION INC
$20K
TO SUPPORT GENERAL OPERATIONS
2022
VICTORIA FOUNDATION INC
$10K
TO SUPPORT CAPACITY-BUILDING
2022
PSEG FOUNDATION INC
$4K
Center for Transformative Change
2022
T&M ASSOCIATES FOUNDATION INC
$3K
DONATION- EDUCATION
2022
THE PRUDENTIAL FOUNDATION
$325K
CAPACITY BUILDING/COVID 19 RECOVERY
2021
THE PRUDENTIAL FOUNDATION
$200K
ENTREPRENEURS OF COLOR FUND
2021
THE BLACKBAUD GIVING FUND
$100K
GENERAL SUPPORT
2021
THE BLACKBAUD GIVING FUND
$100K
GENERAL SUPPORT
2021
COMMUNITY LOAN FUND OF NEW JERSEY INC
$50K
TECHNICAL ASSISTANCE
2021
VICTORIA FOUNDATION INC
$20K
TO SUPPORT GENERAL OPERATING PURPOSES
2021
THE PRUDENTIAL FOUNDATION
$300K
ORGANIZATIONAL CAPACITY BUILDING
2020
COMMUNITY FOUNDATION OF NEW JERSEY
$250K
GENERAL SUPPORT
2020
BOC CAPITAL CORP
$159K
EOC COVID Relief program
2020
Annie E Casey Foundation Inc
$100K
SUPPORT PHASE 1 TO DEVELOP A PRECISION ANALYTICS MODEL FOR A SINGLE CHILD WELFARE GRANTEE
2020
LOCAL INITIATIVES SUPPORT CORPORATION
$50K
SEE PART IV
2020
VICTORIA FOUNDATION INC
$20K
TO SUPPORT GENERAL OPERATIONS
2020
JPMORGAN CHASE FOUNDATION
$200K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2019
THE PRUDENTIAL FOUNDATION
$200K
BUILDING CAPACITY FOR A NEW BUSINESS MODEL
2018
NONPROFIT FINANCE FUND
$105K
NEWARK RESILIENCE INITIATIVE
2018

Funded by

$5.2M from 17 funders · 35 grants · 2018–2024

The Prudential Foundation

$2.7M · 7 grants · 2018–2024

Local Initiatives Support Corporation

$429K · 2 grants · 2020–2022

The Blackbaud Giving Fund

$400K · 4 grants · 2021–2024

Citi Foundation

$400K · 1 grant · 2024

Jpmorgan Chase Foundation

$300K · 2 grants · 2019–2024

Community Foundation Of New Jersey

$250K · 1 grant · 2020

Opportunity Finance Network

$200K · 1 grant · 2024

Boc Capital Corp

$159K · 1 grant · 2020

Details

EIN202247312
NTEE codeS43
Subsection03
Ruling date2007-09
Formed2005
Employees7
GREATER NEWARK ENTERPRISES CORPORATION — Mission, Financials & Grants Received | Grantivo