New Jersey Sea Grant Consortium Inc
Nonprofit profile at a glance
- EIN
- 237025812
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Fort Hancock, NJ, USA
- Phone
- 7328721300
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $5,301,970
- Expenses
- $5,402,475
- Assets
- $3,017,604
- Liabilities
- $1,728,456
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Highest reported compensation
- DR PETER M ROWE (EXECUTIVE DI): $143,619 total reported compensation
- DEBRA A BURD (FISCAL OFFIC): $101,346 total reported compensation
- DEBORAH A QUINN (CORPORATE SE): $100,875 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 promote the wise use of New Jersey's marine and coastal resources through research, education, and outreach. To advance knowledge, stewardship and sustainable use of New Jersey's marine and coastal resources by providing integrated research, education, communications, and extension services to New Jersey's citizens and visitors. New Jersey sea grant consortium, inc. Also supports New Jersey's pre-college and post-secondary academic institutions to ensure the quality, availability, and accessibility of marine and coastal education programs statewide.
What it reported doing in 2024
The education program is committed to assuring that new jerseyans understand, value, and appreciate their marine and coastal environment and are able to apply sound evidence and science-based information to make well-informed decisions regarding its use, management, and care. This is accomplished through the wide range of educational services and products that the education program provides. The program's teaching and learning activities range from direct instruction such as field trips, camps, scout programs, in-school presentations, college coursework, public outreach events to information preparation and dissemination including fact sheets, posters, lesson plans, activity guides, video conferences, web-based publications and other teaching materials.
Operating model
- Revenue model
- Grant-funded. 94% of the money available for current operations came from government grants.
- Distribution model
- Grant intermediary. The nonprofit sent 75% of its reported program spending out as grants.
The verdict
STRONG - 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: 81
- Transparency & Controls: 90
- Accountability: 100
- Sustainability: 26
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.7%; rating input score 92
- Program expense ratio: 89.9%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 17th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.5%; rating input score 99; 39th 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; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: -1.9%; rating input score 27; 27th percentile among comparable filings
- Total-asset coverage ratio: 0.56; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: 0.57; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 6.4%; rating input score 45; 45th percentile among comparable filings
Growth
- Program expense growth: 5.9% per year; rating input score 100; 45th percentile among comparable filings
- Revenue growth: 5.5% per year; rating input score 100; 45th percentile among comparable filings
- Asset growth: 0.6% per year; rating input score 100; 14th percentile among comparable filings
Details
- Where the money goes: 91.7% of revenue deployed · 89.9% of spending went to programs
- Governance: 15 of 15 board members independent · 8 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $4.9M in reported program spending
- Leadership: top reported pay $144K · 16 people listed
- Consistency: 30 of 31 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 22 filed money-flow records
- Related organizations: 19 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.
- High — Sustainability: Operating margin scored 27/100.
- High — Sustainability: Total-asset coverage ratio scored 20/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 18/100.
- Moderate — Sustainability: Officer compensation ratio scored 45/100.