NonprofitsNewark Alliance Inc

Philanthropy, Voluntarism & Grantmaking Foundations

Newark Alliance Inc

NEWARK, NJ

Total revenue

$7.9M

Total expenses

$5.6M

Net assets

$6.7M

Grants received

$9.2M

41 grants

EIN

223664305

Tax year

2024

Mission

To work in partnership to make newark a better, safer place to work, live, learn, play, and do business.

Programs

3 programs

Hire,Buy,Live Newark - Harnesses the aggregated economic power and expertise of Members to fundamentally and positively change how core economic and organizational practices like hiring and procurement work in Newark as a means to achieve inclusive economic growth.

Expenses: $1.1M

Business Attraction Program - this program aims to attract startups and businesses to relocate to or expand their existing presence in Newark, New Jersey and help grow the local innovation economy.

Expenses: $1.0M

Other - includes placemaking and economic vitality initiatives such as halsey fest and real estate strategy to activate public spaces, support small businesses, and strengthen newarks downtown corridors.

Expenses: $968K

Financials

FY 2024

Revenue

Contributions & grants$6.9M
Program service revenue$784K
Investment income$206K
Other revenue$2K
Total revenue$7.9M

Expenses

Grants paid$1.2M
Salaries & benefits$1.7M
Fundraising
Other expenses$2.7M
Total expenses$5.6M
Total assets$8.7M
Net assets$6.7M

People

15 listed

NameRoleCompensation

Lata Reddy

Chairman

Board

5 hrs/wk

DENNIS M BONE

Trustee

Board

3 hrs/wk

JOHN SCHREIBER

Trustee

Board

3 hrs/wk

CHRISTOPHER JAMES

Trustee

Board

3 hrs/wk

RICHARD DUNN

Trustee

Board

3 hrs/wk

SUZANNE SPERO

Trustee

Board

3 hrs/wk

ARCELIO APONTE

Trustee

Board

3 hrs/wk

NEMIN JAYA

Trustee

Board

3 hrs/wk

ADENAH BAYOH

Trustee

Board

3 hrs/wk

EVAN WEISS

PRESIDENT/CFO

Staff

$288K

40 hrs/wk

ASHLEY MAYS

DIRECTOR

Staff

$208K

40 hrs/wk

KALEENA BERRYMAN

DIRECTOR

Staff

$179K

40 hrs/wk

SIBUSISIWE MALABA

DIRECTOR

Staff

$164K

40 hrs/wk

CATHERINE KLINGER KUTCHER

DIRECTOR

Staff

$145K

40 hrs/wk

KIMBERLY BROWN

Staff

$106K

40 hrs/wk

Independent contractors

YOUR PART-TIME CONTROLLER LLC

ACCOUNTING SERVICES

$228K

THEO AND LOTTE LLC

SOCIAL MEDIA

$108K

JENNIFER MADE

CONSULTING

$104K

Grants received

Showing 41 of 41

FromAmountPurposeYear
$800K
INCLUSIVE ECONOMIC PROSPERITY INITIATIVES
2024
$660K
COMMUNITY & HUMAN SERVICES
2024
$300K
PROGRAM EXPANSION
2024
$150K
TO SUPPORT CAPACITY-BUILDING AND LEVERAGING FUNDS FOR COMMUNITY-BASED NEWARK PROJECTS
2024
$110K
DOWNTOWN DISTRICT OUTREACH INITIATIVE
2024
$80K
79726 GENERAL OPERATING SUPPORT FOR THE NEWARK ALLIANCE
2024
$50K
NEWARK NONPROFIT CAPACITY ACCELERATOR TO STRENGTHEN THE CAPACITY OF INTERMEDIARY ORGANIZATIONS
2024
$50K
GENERAL OPERATING SUPPORT
2024
$32K
FAFSA STUDENT SUPPORT
2024
$900K
INCLUSIVE ECONOMIC PROSPERITY INITIATIVES
2023
$708K
General & Unrestricted
2023
$150K
TO SUPPORT THE CITY OF NEWARK'S EFFORT TO ATTRACT NEW FEDERAL FUNDS AND SUPPORT CDCS IN GUIDING PRIORITIES AND ANCHORING IMPLEMENTATION
2023
$107K
TO SUPPORT STUDENTS IN THEIR ACADEMIC SUCCESS AND CLOSE THE ACHIEVEMENT GAP
2023
$50K
FOR GENERAL OPERATING SUPPORT
2023
$15K
PRUDENTIAL NEWARK NONPROFIT CAPACITY ACCELERATOR PROGRAM
2023
$10K
Newark Youth Career Pathways NYCP
2023
$10K
TO SUPPORT THE ACTIVATE EMPLOYERS PROGRAM
2023
$8K
GENERAL SUPPORT
2023
$5K
NEWARK YOUTH CAREER PATHWAYS--PATH TO 50
2023
$850K
NEWARK'S ECONOMIC ROADMAPPING
2022
$704K
General & Unrestricted
2022
$255K
REDISCOVER NEWARK STRATEGIC INITIATIVES
2022
$150K
TO SUPPORT THE CITY OF NEWARK'S EFFORT TO ATTRACT NEW FEDERAL FUNDS AND SUPPORT CDCS IN GUIDING PRIORITIES AND ANCHORING IMPLEMENTATION
2022
$120K
79726 GENERAL OPERATING SUPPORT FOR THE NEWARK ALLIANCE
2022
$108K
FOR GENERAL OPERATING SUPPORT
2022
$100K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$100K
80463 SITE VISIT DONATION FOR THE NEWARK ALLIANCE
2022
$99K
PROLOGIS SOW A CWI: INCREASING COMMUNITY IMPACT PROJECT
2022
$1K
NEWARK YOUTH CAREER PATHWAYS -- MY LIFE, MY PATH
2022
$940K
NEWARK'S ECONOMIC ROADMAPPING
2021
$150K
IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS
2021
$120K
TO SUPPORT PROLOGIS SOW INITIATIVE
2021
$25K
GRANTEE AS DESIGNATED BY ELYA WINNER
2021
$18K
TO SUPPORT TECHNOLOGY NEEDS
2021
$835K
NEWARK'S ECONOMIC ROADMAPPING
2020
$137K
FOR GENERAL OPERATING SUPPORT
2020
$83K
COMMUNITY & HUMAN SERVICES
2020
$150K
IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS
2019
$65K
COMMUNITY & HUMAN SERVICES
2019
$15K
TO SUPPORT THE SUPPORTING SYSTEMS CHANGE PROGRAM
2019
$200
GENERAL OPERATING SUPPORT
2018

Funded by

$9.2M from 20 funders · 41 grants · 2018–2024

The Prudential Foundation

$4.7M · 7 grants · 2020–2024

Alesio Family Foundation

$1.4M · 2 grants · 2022–2023

The Ayco Charitable Foundation

$808K · 3 grants · 2019–2024

Victoria Foundation Inc

$468K · 4 grants · 2021–2024

Jpmorgan Chase Foundation

$300K · 3 grants · 2018–2021

The Robert Wood Johnson Foundation

$300K · 3 grants · 2022–2024

Fidelity Foundation

$300K · 1 grant · 2024

The Mcj Amelior Foundation

$295K · 3 grants · 2020–2023

Details

EIN223664305
NTEE codeT123
Subsection03
Ruling date2000-06
Formed1999
Employees11
Volunteers10
NEWARK ALLIANCE INC — Mission, Financials & Grants Received | Grantivo