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Jersey City Economic Development Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222304615 ✦ Jersey city, NJ ✦ Designated as a 501(c)(3)

Overview

What is Jersey City Economic Development Corp?

The Jersey City Economic Development Corp is a New Jersey-based nonprofit organization located at 298 Academy Street, Jersey City. Their primary mission is to foster the industrial, commercial, and economic growth of Jersey City, thereby increasing trade, creating employment opportunities, and broadening the tax base. To accomplish this, the organization provides marketing and advertising services to promote tourism in the city. With a dedicated workforce of four individuals, Jersey City Economic Development Corp plays a significant role in enhancing the city's economic landscape.


Official website here: www.jcedc.org

Is Jersey City Economic Development Corp legitimate?

Jersey City Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jersey City Economic Development 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: $289,615
Professional Fundraising Fees: $0
Other Salaries and Wages: $26,664

For more financial information, click here


Official website here: www.jcedc.org

What is the mission statement of Jersey City Economic Development Corp?

The Jersey City Economic Development Corp's mission is focused on promoting, encouraging, and aiding in the industrial, commercial, and economic development of a city. This initiative aims to boost the city's commercial trade, leading to the creation of more employment opportunities and expanding the tax base. By facilitating economic growth, the corporation ultimately strives to enhance the city's overall prosperity. Additionally, the corporation provides marketing and advertising services to strengthen the city's tourism business.


Official website here: www.jcedc.org

Who is the CEO of Jersey City Economic Development Corp?

Suraj Kaufman is the Treasurer of Jersey City Economic Development Corp.


Official website here: www.jcedc.org

What is the revenue of Jersey City Economic Development Corp?

Jersey City Economic Development Corp's revenue in 2022 was $2,488,701.


Official website here: www.jcedc.org

Who are the executives of Jersey City Economic Development Corp and what are their salaries?

The average compensation at Jersey City Economic Development Corp during 2022 was $79,070. There are 4 employees at Jersey City Economic Development Corp.

Here are 14 key members and their salaries:

    Florence Baron (Development Dir)
  • Compensation: $90,000
  • Related: $0
  • Other: $0

    • Jennifer Moore Waterman (Dir.Of Business)
  • Compensation: $75,000
  • Related: $0
  • Other: $0

    • Shannon Mitchell (Senior Assoc.)
  • Compensation: $69,615
  • Related: $0
  • Other: $0

    • Miriam Tineo (Financial Admin)
  • Compensation: $55,000
  • Related: $0
  • Other: $0

    • Rosemary Mcfadden (Chairwoman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mayor Steven Fulop (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nicholas Cavaluzzi (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeff Justice Williams (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brendan Somerville (Vice-Chair.) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kia Deadwyler (Asst.Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Osman Gani (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Suraj Kaufman (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Philip Mcgovern (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Campisano Esq (Trustee/Counsel)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.jcedc.org

    Where can I find the form 990 for Jersey City Economic Development Corp?

    The Jersey City Economic Development Corp’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.jcedc.org

    Learn more at the official website: www.jcedc.org

    Mission Statement of Jersey City Economic Development Corp

    Jersey City Economic Development Corp, in its mission, strives to foster, encourage, and assist in the industrial, commercial, and economic development of the city. Its primary objective is to boost the commercial and trading activities within the city, thereby creating more employment opportunities and broadening the tax base. This nonprofit organization aims to contribute significantly to the city's economic growth, ultimately enhancing its overall development. Additionally, the New Jersey Division of Tourism collaborates with Jersey City Economic Development Corp to develop marketing and advertising services, thereby promoting and enhancing the tourism business in the city. This partnership aims to attract more visitors and contribute to the city's economic growth.

    Impact

    This information is meant to be a general summary of Jersey City Economic Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Jersey City Economic Development Corp's impact can be seen in the thriving industrial, commercial, and economic landscape of Jersey City. By promoting and assisting in the development of businesses in the city, they have contributed to the growth of the commercial sector, creating more job opportunities for residents and expanding the tax base. Additionally, their efforts in marketing and advertising services have enhanced tourism in Jersey City, further stimulating economic activity in the area. Overall, Jersey City Economic Development Corp plays a vital role in community improvement, driving economic progress and prosperity in the city.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $21,588
  • Program Service Revenue: $5,010
  • Gross Receipts: $2,488,701

    • Assets and Liabilities:
  • Total Assets: $2,457,867
  • Total Liabilities: $142,057
  • Net Assets: $2,315,810
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM RELATED INTERES

    Revenue

    $5,010

    Organization Details

    Founding Year

    1980

    Principal Officer

    Suraj Kaufman

    Main Address

    298 ACADEMY STREET, JERSEY CITY, NJ, 07306

    NTEE Category

    Code: S310 - Community improvement

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