New Jersey Manufacturing Extension Program Incorporated
Nonprofit profile at a glance
- EIN
- 223495011
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Cedar Knolls, NJ, USA
- Phone
- 9739989801
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Management & Technical Assistance
Reported finances
- Revenue
- $12,376,876
- Expenses
- $12,569,441
- Assets
- $3,206,729
- Liabilities
- $1,493,245
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- PETER CONNOLLY (PRESIDENT)
Highest reported compensation
- PETER CONNOLLY (PRESIDENT): $365,362 total reported compensation
- ANDREW DUDA (DIRECTOR OF OPERATIONS): $231,128 total reported compensation
- TORSTEN SCHIMANSKI (Chief Strategy Officer): $228,330 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Strengthen manufacturers competitiveness by enhancing productivity, performance and profitability. As a trusted advisor to New Jersey manufacturers, we leverage our staff and resources to help identify areas of improvement and streamline processes.
What it reported doing in 2025
Since 1996 NJMEP utilizing staff expertise and collaborative partnerships, enhances operational performance and productivity, drives new product development, market expansion, workforce development training and Certification Programs, and technology adoption for New Jersey's manufacturers.
Operating model
- Revenue model
- Grant-funded. 64% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 84% 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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 83
- Accountability: 100
- Sustainability: 14
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.1%; rating input score 80
- Program expense ratio: 78.9%; rating input score 79
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1.6%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 0.26; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 0.47; rating input score 28; 28th percentile among comparable filings
- Officer compensation ratio: 12.4%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: 8.6% per year; rating input score 100; 61st percentile among comparable filings
- Revenue growth: 7.7% per year; rating input score 100; 61st percentile among comparable filings
- Asset growth: 5% per year; rating input score 100; 33rd percentile among comparable filings
Details
- Where the money goes: 80.1% of revenue deployed · 78.9% of spending went to programs
- Governance: 14 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $9.9M in reported program spending
- Leadership: top reported pay $365K · 23 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1M reported
- Consistency: 36 of 36 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- Related organizations: 4 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
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 16/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- High — Sustainability: Officer compensation ratio scored 17/100.
- High — Sustainability: Liabilities to assets ratio scored 28/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.