New Jersey Performing Arts Center Corporation
Nonprofit profile at a glance
- EIN
- 222889703
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Newark, NJ, USA
- Phone
- 9736428989
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Performing Arts Centers
Reported finances
- Revenue
- $74,399,701
- Expenses
- $73,643,635
- Assets
- $392,894,492
- Liabilities
- $108,454,156
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
97 people listed
Executive titles in this filing
- JOHN SCHREIBER (PRESIDENT & CEO)
Highest reported compensation
- JOHN SCHREIBER (PRESIDENT & CEO): $1,978,864 total reported compensation
- DAVID D RODRIGUEZ (EVP & EXECUTIVE PRODUCER): $665,762 total reported compensation
- TIMOTHY LIZURA (SVP, REAL ESTATE & CAPITAL PROJECTS): $470,453 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule o.
What it reported doing in 2024
Social impact: njpac's social impact initiative leverages the arts to make positive changes in our community's health, education, community development and civic engagement. We do this through programs including: arts training for students, professional development for educators, in-school residencies, performances for school groups, arts programs in healthcare settings, an arts-on-prescription program, partnerships with community-based organizations across New Jersey. Continued in schedule o.
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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 78
- Accountability: 98
- Sustainability: 50
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.2%; rating input score 86
- Program expense ratio: 85.9%; rating input score 86
- Fundraising efficiency: $9.06 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.7%; rating input score 95; 33rd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 97.5%; rating input score 98; 33rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 97.1%; rating input score 97; 53rd 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%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 5.34; rating input score 86; 86th percentile among comparable filings
- Liabilities to assets ratio: 0.28; rating input score 59; 59th percentile among comparable filings
- Officer compensation ratio: 11.4%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: 6.1% per year; rating input score 100; 50th percentile among comparable filings
- Revenue growth: 8% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: 4% per year; rating input score 100; 27th percentile among comparable filings
Details
- Where the money goes: 86.2% of revenue deployed · 85.9% of spending went to programs
- Governance: 68 of 70 board members independent · 9 of 9 filing controls reported
- Programs: 5 filed program accomplishments · $63.2M in reported program spending
- Leadership: top reported pay $2M · 97 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $14.3M reported
- Consistency: 41 of 42 current checks pass · 1 finding to review
- Schedules: 12 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 27 filed money-flow records
- Related organizations: 10 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 39/100.
- Moderate — Sustainability: Operating margin scored 37/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Liabilities to assets ratio scored 59/100.