NonprofitsJersey City Economic Development Corporation

Community Improvement

Jersey City Economic Development Corporation

JERSEY CITY, NJ

Total revenue

$3.8M

Total expenses

$4.1M

Net assets

$1.6M

Grants received

$860K

13 grants

EIN

222304615

Tax year

2023

Mission

To promote, encourage and assist in the industrial, commercial and economic development of the city of jersey city, thereby increasing the commercial/trade of the city creating greater employment opportunities and broadening the tax base.

Financials

FY 2023

Revenue

Contributions & grants$3.7M
Program service revenue$2K
Investment income$80K
Other revenue$1K
Total revenue$3.8M

Expenses

Grants paid
Salaries & benefits$495K
Fundraising
Other expenses$3.6M
Total expenses$4.1M
Total assets$7.5M
Net assets$1.6M

People

14 listed

NameRoleCompensation

FLORENCE BARON

Development Dir

Board

$99K

40 hrs/wk

JENNIFER MOORE WATERMAN

DIR.OF BUSINESS

Board

$99K

40 hrs/wk

SHANNON MITCHELL

SENIOR ASSOC.

Board

$77K

40 hrs/wk

MIRIAM TINEO

FINANCIAL ADMIN

Board

$61K

40 hrs/wk

ROSEMARY MCFADDEN

Chairwoman

Board

5 hrs/wk

MAYOR STEVEN FULOP

Trustee

Board

0

NICHOLAS CAVALUZZI

Secretary

Board

0

JEFF JUSTICE WILLIAMS

Trustee

Board

0

BRENDAN SOMERVILLE

Vice-Chair.

Board

0

KIA DEADWYLER

Asst.Secretary

Board

0

OSMAN GANI

Trustee

Board

0

SURAJ KAUFMAN

Treasurer

Board

0

PHILIP MCGOVERN

Trustee

Board

0

RICHARD CAMPISANO ESQ

Trustee/Counsel

Board

0

Grants received

Showing 13 of 13

FromAmountPurposeYear
$15K
CHARITABLE DONATION
2023
$50K
UNRESTRICTED GRANT FOR ENVIRONMENTAL PURPOSES
2021
$50K
UNRESTRICTED GRANT FOR COVID-19 RELIEF
2020
$750
Matching Gift
2020
$700
GENERAL OPERATING SUPPORT
2020
$110K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2019
$101K
PUBLIC, SOCIETAL BENEFIT
2019
$15K
2017 GARDINIER GRANT
2019
$5K
For grant recipient's exempt purposes
2019
$436K
FOOD PROVIDED TO LOCAL NOT FOR PROFIT ORGANIZATIONS TO DISTRIBUTE TO THE HUNGRY IN BERGEN, HUDSON, ESSEX AND PASSAIC
2018
$75K
IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS
2018
$600
GENERAL OPERATING SUPPORT
2018

Funded by

$860K from 10 funders · 13 grants · 2018–2023

Table To Table Inc

$436K · 1 grant · 2018

Donor Advised Charitable Giving Inc

$101K · 1 grant · 2019

Suez North America Foundation Inc

$100K · 2 grants · 2020–2021

Jpmorgan Chase Foundation

$76K · 3 grants · 2018–2020

Star Lite Inc A Nonprofit

$15K · 1 grant · 2023

Sustainable Jersey

$15K · 1 grant · 2019

Details

EIN222304615
NTEE codeS310
Subsection03
Ruling date1982-03
Formed1980
Employees4
JERSEY CITY ECONOMIC DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo