Nj Can 2020 Inc

Nonprofit profile at a glance

EIN
851014906
IRS 990 coverage
2020–2020
Forms available
Form 990 2020
Location
Newark, NJ, USA
Phone
9736422086
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$372,916
Expenses
$744,446
Assets
$78,470
Liabilities
$450,000

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • AMOL SINHA (PRESIDENT)
  • SARAH FAJARDO (VICE PRESIDENT)

People named in this filing

  • AMOL SINHA (PRESIDENT)
  • SARAH FAJARDO (VICE PRESIDENT)
  • SAFEER QUARAISHI (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Nj can 2020 is a ballot question campaign that includes public safety, medical, civil rights, faith, industry, legal, labor, political, and criminal justice reform organizations and individuals committed to changing New Jersey's laws to legalize, tax, and regulate cannabis for adult use.legalizing, taxing, and regulating cannabis will address the ongoing, tremendous harms caused by cannabis prohibition laws, which have disproportionately harmed communities of color. In New Jersey, black people are arrested for cannabis-related offenses at a rate 3.5 times higher than white people, despite similar rates of use. As New Jersey works to legalize cannabis for adult use, it is imperative that we do so while centering racial and social justice. Nj can 2020 carries this message forward as the campaign seeks to educate and engage voters to vote "yes" on the november 2020 ballot. Legalization will bring enormous benefits to New Jersey.

What it reported doing in 2020

Educate and engage voters to vote yes on the november 2020 nj ballot to legalize cannibis for adult use.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 92
  • Accountability: 70
  • Sustainability: 11
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99.8%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • 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: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • 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: -99.6%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0.11; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: 5.73; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 72; 72nd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 100% of revenue deployed · 99.8% of spending went to programs
  • Governance: 4 of 4 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $743K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 13 of 13 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • 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: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.