New Jersey Safe Net Inc
Nonprofit profile at a glance
- EIN
- 202831845
- IRS 990 coverage
- 2014–2014
- Forms available
- Form 990 2014, Form 990-N 2008
- Location
- Newark, NJ, USA
- Phone
- 9733717689
- Rating
- 51
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Residential Care & Adult Day Programs
Reported finances
- Revenue
- $461,076
- Expenses
- $323,264
- Assets
- $183,577
- Liabilities
- $24,097
Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.
Leadership & pay
1 person listed
Executive titles in this filing
- Kenneth Jones (CEO)
Highest reported compensation
- Kenneth Jones (CEO): $65,143 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
New Jersey Safe Net provides a safe and stable haven for at-risk youth that is nurturing and focuses on their growth and success. We tutor and mentor children who are served by the Department of Protection & Permanency.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- 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
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 53
- Transparency & Controls: 83
- Accountability: 10
- Sustainability: 56
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 51.3%; rating input score 51
- Program expense ratio: 73.2%; rating input score 73
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 15th 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; 6th percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 29.9%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 0.57; rating input score 30; 30th percentile among comparable filings
- Liabilities to assets ratio: 0.13; rating input score 32; 32nd percentile among comparable filings
- Officer compensation ratio: 20.2%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 51.3% of revenue deployed · 73.2% of spending went to programs
- Governance: 0 of 1 board members independent · 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $237K in reported program spending
- Leadership: top reported pay $65K · 1 people listed
- Consistency: 22 of 23 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 51/100.
- High — Accountability: Independent voting board scored 0/100.
- High — Accountability: Governance controls: 5 of 7 not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
- High — Sustainability: Officer compensation ratio scored 20/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 32/100.