Overview
What is Greater Newark Enterprises Corp?
Greater Newark Enterprises Corp, based in Newark, New Jersey, is a nonprofit organization dedicated to fostering entrepreneurship and financial growth in urban communities. They achieve this by providing financial assistance and technical support to small businesses, particularly those owned by women, low-income individuals, and minorities. Their strategies include offering loans and investments, financial services, training and mentoring, information, and referral support. The organization hosts seminars covering topics such as taxes, marketing, sales, purchasing, and inventory. With a team of seven employees, Greater Newark Enterprises Corp aims to empower local businesses and contribute to the economic development of its community.
Official website here: www.gnecorp.org
Is Greater Newark Enterprises Corp legitimate?
Greater Newark Enterprises Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Newark Enterprises Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $170,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.gnecorp.org
What is the mission statement of Greater Newark Enterprises Corp?
Greater Newark Enterprises Corporation (GNEC) focuses on supporting urban communities by making loans and investments in programs that employ various wealth-creation strategies. These strategies include providing financial services, offering loans and investments, delivering training and mentoring, and supplying information and referral support. GNEC also conducts seminars covering topics such as taxes, marketing and sales, purchasing, and inventory. The corporation aims to empower these communities to create wealth and improve their economic status.
Official website here: www.gnecorp.org
Who is the CEO of Greater Newark Enterprises Corp?
Victor Salama is the Executive Director of Greater Newark Enterprises Corp.
Official website here: www.gnecorp.org
What is the revenue of Greater Newark Enterprises Corp?
Greater Newark Enterprises Corp's revenue in 2022 was $2,347,648.
Official website here: www.gnecorp.org
Who are the executives of Greater Newark Enterprises Corp and what are their salaries?
The average compensation at Greater Newark Enterprises Corp during 2022 was $24,314. There are 7 employees at Greater Newark Enterprises Corp.
Here are 15 key members and their salaries:
- Victor Salama (Executive Director)
- Yane Arias (Trustee)
- Tamara Mangum-Thomas (Trustee)
- Chip Hallock (Trustee)
- Chris Murphy (Trustee)
- Anthony Santiago (Trustee)
- Therone Hopkins (Trustee)
- Carlton West (Trustee)
- Julian Ibanez (Trustee)
- John Suwatson (Secretary) [Trustee/Director]
- Judith Sheft (Chairman) [Trustee/Director]
- Avi Telyas (Treasurer) [Trustee/Director]
- Glenn Carroll (Trustee)
- Katerina Zacharia (Trustee)
- Azhoon F Abdulghani (Trustee)
Official website here: www.gnecorp.org
Where can I find the form 990 for Greater Newark Enterprises Corp?
The Greater Newark Enterprises Corp’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.gnecorp.org
Learn more at the official website: www.gnecorp.org
Mission Statement of Greater Newark Enterprises Corp
Greater Newark Enterprises Corporation (GNEC) is an organization dedicated to making investments and providing loans to programs in urban communities. Its mission is centered around promoting wealth creation strategies through various channels. These strategies include offering financial services, loans, and investments, as well as providing training, mentoring, and information referral support. GNEC seminars cover crucial topics such as taxes, marketing and sales, and purchasing and inventory, aiming to equip these urban communities with the necessary tools for economic growth and development. By engaging in these wealth-creation strategies, GNEC seeks to contribute to the betterment of these communities, fostering financial stability and empowerment.
Impact
This information is meant to be a general summary of Greater Newark Enterprises Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Greater Newark Enterprises Corp's impact is significant in empowering urban communities through wealth creation strategies. By providing financial services, loans, investments, training, mentoring, and information support, GNEC plays a crucial role in supporting small businesses owned by women, low-income individuals, and minorities in Newark, NJ. Through their seminars covering topics like taxes, marketing, sales, and inventory management, GNEC contributes to fostering entrepreneurship and economic development in the community. Their commitment to community improvement is evident through their dedication to making a positive difference in the lives of individuals and the overall prosperity of urban neighborhoods.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME - LOANS
Revenue
$88,623
PROGRAM INCOME
Revenue
$66,618
SERVICE FEES
Revenue
$12,015
Organization Details
Founding Year
2005
Phone
(973) 242-5563
Principal Officer
Victor Salama
Main Address
211 WARREN STREET 423, NEWARK, NJ, 07103
Website
www.gnecorp.org
NTEE Category
Code: S43 - Community improvement
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