New Jersey Lesbian Gay Bisexual & Transgender Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 463181397
- IRS 990 coverage
- 2015–2023
- Forms available
- Form 990 2023
- Location
- Wayne, NJ, USA
- Phone
- 9737788400
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $271,994
- Expenses
- $271,019
- Assets
- $52,079
- Liabilities
- $32,470
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- STEPHEN GARIBELL (PRESIDENT)
People named in this filing
- JOHN TRAIER (VP - FINANCE)
- STEPHEN GARIBELL (PRESIDENT)
- VICTOR RODRIGUEZ (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Heighten the economic strength of lgbt owned, friendly and allied businesses through leveraging relationships and networking with the lgbt community by regularly scheduled networking events, meetings to introduce community leaders to lgbt chamber members and informing membership of business opportunities in the community - began june 2013, ongoing. Conducted by the board of directors.
What it reported doing in 2023
Conduct activities and informational seminars to promote and educate lgbt businesses.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 90
- Accountability: 64
- Sustainability: 32
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.7%; rating input score 99
- Program expense ratio: 99%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 0.4%; rating input score 42; 42nd percentile among comparable filings
- Total-asset coverage ratio: 0.19; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: 0.62; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 44.9% per year; rating input score 100; 94th percentile among comparable filings
- Revenue growth: 40.4% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: 18.8% per year; rating input score 100; 82nd percentile among comparable filings
Details
- Where the money goes: 98.7% of revenue deployed · 99% of spending went to programs
- Governance: 7 of 7 board members independent · 1 of 7 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 2 filed schedules
- Filing history: 8 filing years from 2015 to 2023
- Contacts: How to reach this organization
- 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.
- High — Accountability: Governance controls: 5 of 6 not reported.
- Moderate — Sustainability: Operating margin scored 42/100.
- High — Sustainability: Total-asset coverage ratio scored 11/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.