New Jersey State Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 221153980
- IRS 990 coverage
- 2011–2025
- Forms available
- Form 990 2025
- Location
- Trenton, NJ, USA
- Phone
- 6099897888
- Rating confidence
- Limited
Reported finances
- Revenue
- $3,649,051
- Expenses
- $3,743,985
- Assets
- $3,077,351
- Liabilities
- $1,610,025
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
119 people listed
Executive titles in this filing
- THOMAS BRACKEN (PRESIDENT/CEO)
- DONNA CUSTARD (PRESIDENT - NJ CHAMBER FDN)
- SANDRA GLOVER-STROTHERS (EXECUTIVE DIRECTOR - JAG N)
Highest reported compensation
- THOMAS BRACKEN (PRESIDENT/CEO): $597,938 total reported compensation
- MICHAEL EGENTON (EXECUTIVE VP OF GOVERNMENT AFFAIRS): $285,387 total reported compensation
- KEVIN FRIEDLANDER (SENIOR VP OF COMMUNICATIONS): $247,706 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The New Jersey state chamber of commerce promotes a vibrant business environment and economic prosperity through vision, expertise and innovative solutions.
What it reported doing in 2025
The New Jersey chamber's government relations team provides business advocacy, including interactions with legislators and members of the governor's cabinet to discuss ways to reduce taxes and burdensome regulations, and to promote policies that help the state's economy and businesses grow and thrive. Additionally, the chamber hosts a series of in-person events that connect the state's business and political leaders, including a business roundtable series of live events featuring legislators and cabinet members. The n.j. Chamber also established and meets regularly with the chamber alliance, a coalition of executives from local and regional chambers of commerce to discuss business issues of common interest and how to address them together.
Operating model
- Revenue model
- Earned-program. 94% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 100
- Accountability: 100
- Sustainability: 19
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 6 of 6 controls in place; rating input score 100
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 63rd 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: -2.6%; rating input score 19; 19th percentile among comparable filings
- Total-asset coverage ratio: 0.82; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: 0.52; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 48.4%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 0.9% per year; rating input score 100; 11th percentile among comparable filings
- Asset growth: 4.5% per year; rating input score 100; 30th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 112 of 112 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $598K · 119 people listed · 6 of 6 pay-setting controls reported
- Consistency: 14 of 14 current checks pass
- Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 14 filing years from 2011 to 2025
- Contacts: How to reach this organization
- Money network: 7 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.
- 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 19/100.
- High — Sustainability: Total-asset coverage ratio scored 28/100.
- High — Sustainability: Officer compensation ratio scored 1/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.