NonprofitsUnion County Economic Development Corp

Community Improvement

Union County Economic Development Corp

CRANFORD, NJ

Total revenue

$4.2M

Total expenses

$4.2M

Net assets

$18.5M

Grants received

$461K

15 grants

EIN

222155884

Tax year

2024

Mission

To promote & develop economic growth in new jersey.

Programs

1 program

Technical assistance program: ucedc offers a wide variety of educational programs designed to help small businesses to start, grow, and thrive. Whether you're a business beginner, need a refresher in the basics, or are looking for a more intensive experience, we have the training sessions to fit your needs.business basics - these free two-hour workshops address a variety of business concerns for both start-up entrepreneurs and established business owners.they are offered throughout new jersey, often in cooperation with partner organizations and agencies that share our commitment to small business growth. Business mentoring -ucedc loan clients and graduates of our multi-session training programs receive free individualized business counseling. Your ucedc business mentor is your board of directors, cfo, and marketing manager, all rolled into one. Your mentor meets with you at your convenience, acts as your sounding board, and offers feedback, advice, and suggestions to keep your business on track.

Expenses: $816K

Financials

FY 2024

Revenue

Contributions & grants$2.7M
Program service revenue$619K
Investment income$892K
Other revenue
Total revenue$4.2M

Expenses

Grants paid$1K
Salaries & benefits$2.8M
Fundraising
Other expenses$1.3M
Total expenses$4.2M
Total assets$26.8M
Net assets$18.5M

People

25 listed

NameRoleCompensation

ADAM FARRAH

PRESIDENT

Board

$255K

40 hrs/wk

ELIZABETH WILLIAMS

VICE-PRESIDENT LENDING

Board

$176K

40 hrs/wk

ERICH PETER

EXECUTIVE VICE-PRESIDENT

Board

$165K

40 hrs/wk

SANJAY MALIK

CONTROLLER

Board

$158K

40 hrs/wk

PAUL T LACORTE

TRUSTEE

Board

1 hrs/wk

DANIEL LETENDRE

TRUSTEE

Board

1 hrs/wk

JAMES MCMANUS JR

TRUSTEE

Board

1 hrs/wk

MARTIN P MELILLI

TRUSTEE

Board

1 hrs/wk

MARCY C METZ

CHAIRMAN

Board

1 hrs/wk

JANE E REY

TRUSTEE

Board

1 hrs/wk

DR ELAINE M SANDERS

TRUSTEE

Board

1 hrs/wk

RODERICK SPEARMAN

TRUSTEE

Board

1 hrs/wk

JOSEPH P STARKEY

TRUSTEE

Board

1 hrs/wk

GARY PFARR

TRUSTEE

Board

1 hrs/wk

MICHAEL WARRINGTON

VICE-CHAIR

Board

1 hrs/wk

TOMAS PORTURAS

TREASURER

Board

1 hrs/wk

MELISSA MURRAY CPA

SECRETARY

Board

1 hrs/wk

GAIL M DRISCOLL

TRUSTEE

Board

1 hrs/wk

DRAGANA JOVANOVIC

TRUSTEE

Board

1 hrs/wk

ROBERT L KATZ

TRUSTEE

Board

1 hrs/wk

MARLENE KURZ

TRUSTEE

Board

1 hrs/wk

ELLEN MCHENRY

SR. DIRECTOR OF LOAN PROGRAM

Staff

$143K

40 hrs/wk

JOSEPH LAMBERTI

DIRECTOR OF TRAINING

Staff

$106K

40 hrs/wk

MARK LEICHTLING

DIRECTOR OF MICROLENDING

Staff

$105K

40 hrs/wk

NADINE CLARK

DIRECTOR OF PROCUREMENT

Staff

$100K

40 hrs/wk

Independent contractors

CRAFTSMAN TECHNOLOGY GROUP LLC

INFORMATION TECHNOLOGY SERVICES

$106K

Grants received

Showing 15 of 15

FromAmountPurposeYear
$50K
SMALL BUSINESS LENDING, TRAINING, MENTORING AND TECHNICAL ASSISTANCE PROGRAM
2023
$20K
PROGRAM/OPERATING SUPPORT
2023
$6K
GENERAL OPERATING/FLEXIBLE SUPPORT GRANT
2023
$3K
Entrepreneurship As A Second Chance Program
2023
$75K
PROGRAM/OPERATING SUPPORT
2022
$50K
GENERAL SUPPORT
2022
$20K
Helping small businesses
2022
$12K
UNRESTRICTED GRANT TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE
2022
$12K
SMALL DOLLAR LENDING
2021
$30K
GENERAL SUPPORT
2020
$20K
SMALL BUSINESS LENDING, TRAINING AND MENTORING AND TRAINING PROGRAM
2020
$13K
CREDIT BLDG TOOLKIT
2020

Funded by

$461K from 11 funders · 15 grants · 2020–2023

The Bank of America Charitable Foundation Inc

$220K · 4 grants · 2020–2023

Td Charitable Foundation

$50K · 1 grant · 2023

The Blackbaud Giving Fund

$50K · 1 grant · 2022

Community Foundation Of New Jersey

$42K · 2 grants · 2020–2022

National Philanthropic Trust

$25K · 1 grant · 2023

UCSB Charitable Foundation Inc

$20K · 1 grant · 2022

Columbia Bank Foundation

$20K · 1 grant · 2020

Credit Builders Alliance Inc

$13K · 1 grant · 2020

Details

EIN222155884
NTEE codeS310
Subsection03
Ruling date1979-04
Formed1977
Employees27
Volunteers25
UNION COUNTY ECONOMIC DEVELOPMENT CORP — Mission, Financials & Grants Received | Grantivo