New Jersey Retirees' Education Association
Nonprofit profile at a glance
- EIN
- 237270274
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Trenton, NJ, USA
- Phone
- 6095994561
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $395,459
- Expenses
- $355,294
- Assets
- $3,119,635
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- JOAN WRIGHT (PRESIDENT)
- KITTY SAUSA (FIRST VICE-PRESIDENT)
- RONALD BURD (SECOND VICE PRESIDENT)
Highest reported compensation
- JOAN WRIGHT (PRESIDENT): $11,248 total reported compensation
- KITTY SAUSA (FIRST VICE-PRESIDENT): $5,624 total reported compensation
- DORIANN SWERN (TREASURER): $5,624 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To keep members informed about the benefits available to them and how they may obtain those benefits; to further the advancement of education in New Jersey and in the united states of america; to advocate, promote, and urge the passage of local, state, and national legislation and or programs benefiting retired members; to provide meetings so that valuable information may be presented to those members who conduct state business; to provide a report of meetings, "crea" activities and other valuable information to each member by means of the njrea and njea publications and media.
What it reported doing in 2024
To assist all members in their economic, professional and social advancement of their condition and status. To provide a budgeted program that encompasses members' interests and activities, including election of officers and structured committee activities.
Operating model
- Revenue model
- Earned-program. 78% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 99% 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. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 90
- Accountability: 32
- Sustainability: 67
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.1%; rating input score 72
- Program expense ratio: 93.9%; rating input score 94
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 0%; rating input score 0; 7th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 10.2%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 8.78; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 9.5%; rating input score 29; 29th percentile among comparable filings
Growth
- Program expense growth: 0.3% per year; rating input score 100; 32nd percentile among comparable filings
- Revenue growth: 1.7% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: 4.6% per year; rating input score 100; 45th percentile among comparable filings
Details
- Where the money goes: 72.1% of revenue deployed · 93.9% of spending went to programs
- Governance: 0 of 5 board members independent · 7 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $333K in reported program spending
- Leadership: top reported pay $11K · 5 people listed
- Consistency: 18 of 18 current checks pass
- Schedules: 4 filed schedules
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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: Independent voting board scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Officer compensation ratio scored 29/100.