Jersey City Employment & Training Program Inc

Nonprofit profile at a glance

EIN
222602714
IRS 990 coverage
2016–2018
Forms available
Form 990 2018
Location
Jersey City, NJ, USA
Phone
5512224329
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Employment Procurement Assistance

Reported finances

Revenue
$2,150,826
Expenses
$3,014,168
Assets
$820,694
Liabilities
$742,393

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • JAMES MCGREEVEY (EXECUTIVE DIRECTOR (TO JAN.2019))

Highest reported compensation

  • DEOPHISTER UFFER (C.F.O.(TO FEB.5,2019)): $140,308 total reported compensation
  • JAMES MCGREEVEY (EXECUTIVE DIRECTOR (TO JAN.2019)): $119,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To help the community to work through personal outreach services, workshops to prepare job seekers, intensive services, for qualified customers to administer job training programs for youths and unskilled adults who are economically disadvantaged or who have other special needs. The primary service area is the city of jersey city.

What it reported doing in 2018

The jcetp provides resources to adult, youth and displaced workers to obtain job training to provide the necessary skills to obtain employment through individual contracts for training under the workforce innovation opportunity act (wioa) and temporary assistance for needy families (tanf) for a combined total program expense of $1,939,596.the jcetp also operates a prisoner re-entry program, 2nd chance program with the city of jersey city, edc, dca, csbg, cdbg, and the New Jersey department of labor pepp grant; a literacy program to assist individuals to obtain basis skills in order to obtain a general educational development (ged) certificate; and a department of transportation-ladders of opportunity grant provides training to individuals for opportunities with the transportation industry, for a combined total program expense amount of $421,497.additional program services are: community resource center program - program utilizes tailored supervision to the needs of supervised offenders as an alternative to further incarceration as well as to provide assistance as it related to the need of educational, employment, life skills, substance abuse assessment, education and treatment and related programming - $82,035.supplemental nutrition assistance program - the program offers nutrition assistance to eligible, low income individuals and families and provides economic benefits to communities - $159,689.

Operating model

Revenue model
Grant-funded. 100% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 92
  • Accountability: 85
  • Sustainability: 9
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 86.4%; rating input score 86
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90%; rating input score 90; 20th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -40.1%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0.27; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: 0.9; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 8.6%; rating input score 29; 29th percentile among comparable filings

Growth

  • Program expense growth: -26.5% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -44% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -32.1% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 86.4% of spending went to programs
  • Governance: 9 of 10 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $2.6M in reported program spending
  • Leadership: top reported pay $140K · 17 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 3 filing years from 2016 to 2018
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 11/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.
  • High — Sustainability: Officer compensation ratio scored 29/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.