2024-05-15T17:06:43-05:00 2023-06-30 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2022-07-01 383663314 NEWARK TRUST FOR EDUCATION INC % OANA VICOL NEWA 9736480300 494 BROAD STREET Suite LL30 NEWARK NJ 07102 Robert Clark Co-Chair 9736480300 2024-05-15 true Robert Clark 999009999 P01249134 7328281614 2 2022 2023-04-26 12:10:37Z Robert Clark 494 BROAD STREETLL30 NEWARK NJ 07102 717452 false X WWW.NEWARKTRUST.ORG X 2002 NJ INDEPENDENT ORGANIZATION DEDICATED TO DEVELOPING, COORDINATING, AND FOCUSING IDEAS, RESOURCES AND EXPERTISE AND HOLDING EVERYONE ACCOUNTABLE FOR QUALITY EDUCATION IN NEWARK. 14 14 12 14 0 526165 579572 112500 114900 4754 22345 74 635 643493 717452 94428 61077 0 0 1415203 1182288 0 0 204162 365111 336440 1874742 1579805 -1231249 -862353 1529810 668826 259472 175075 1270338 493751 X SEE SCHEDULE O FOR DETAILS false false 489773 60424 0 Early Learning Initiative - See Schedule O for Details 160908 Communications - See schedule O for details 144399 Strategic Partnerships - See schedule o for details 48459 Research 142334 653 114900 P to 12 Initiative 190793 653 114900 985873 true true false false false false false false true false false false false true true true true false false false false false false false false false false false true true false false false false false false false false true false false false false false false false false false 15 0 true 12 true false false false false false false false false false false false false X 14 14 false false false false false false false true true false false true true true true true true true true false NJ X OANA VICOL 9736480300 494 BROAD ST SUITE LL30 NEWARK NJ 07102 Ronald Chaluisan Executive Director 40.0 0.0 X 305612 0 40155 Oana Vicol Director of Finance 40.0 0.0 X 96121 0 16018 Robert Clark Co-CHAIR/Board Member 1.0 0.0 X X 0 0 0 Celia King Co-Chair, Secretary, Director 1.0 0.0 X X 0 0 0 Shane Harris Board Member 1.0 0.0 X X 0 0 0 Junius Williams Board Member 1.0 0.0 X 0 0 0 John Schreiber Board member 1.0 0.0 X 0 0 0 Nancy Cantor Board member 1.0 0.0 X 0 0 0 Joseph Della Fave Board Member 1.0 0.0 X 0 0 0 Kyle Rosenkrans Board Member 1.0 0.0 X 0 0 0 Jacqueline Cusack Board Member 1.0 0.0 X 0 0 0 Father Edwin Leahy Board Member 1.0 0.0 X 0 0 0 Jennifer Tsukayama Board Member 1.0 0.0 X 0 0 0 Peter T Rosario Board Member 1.0 0.0 X 0 0 0 Charles Payne Board Member 1.0 0.0 X 0 0 0 Robyn Ince Board Member 1.0 0.0 X 0 0 0 401733 0 56173 1 false true false 0 579572 41668 579572 PROGRAM FEES - SWCA 900099 114900 114900 114900 22345 22345 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 900099 635 635 635 717452 115535 22345 2059 2059 59018 59018 0 0 419682 175648 114242 129792 0 580614 464078 102634 13902 13936 5698 8238 0 90957 37875 49476 3606 77099 32110 35058 9931 0 0 28278 28278 0 0 0 162686 103892 27619 31175 0 46193 42028 1698 2467 20283 13198 4353 2732 0 68445 41824 16627 9994 543 543 0 6057 5407 650 0 0 0 0 3955 2495 897 563 1579805 985873 389770 204162 514032 484213 536190 51217 479180 47500 0 0 0 0 0 0 0 0 0 33669 408 6943 49249 49249 0 0 0 0 0 0 0 0 0 45284 1529810 668826 87279 98145 154491 0 0 0 0 0 17702 31646 0 0 0 0 0 0 0 45284 259472 175075 X 161708 280001 1108630 213750 1270338 493751 1529810 668826 X -862353 85766 X false true X true false X 3791973 1640722 1274490 526165 579572 7812922 0 0 3791973 1640722 1274490 526165 579572 7812922 3570112 4242810 4315 2820 6154 4754 22345 40388 0 7870 11701 2 74 635 20282 7873592 357900 0.53887 0.67870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X RIGHT OF USE ASSETS 45284 45284 0 OPERATING LEASE LIABILITY 45284 45284 X 803218 85766 85766 717452 717452 1579805 1579805 1579805 Form 990, Schedule D, Part X, Line 2 The Trust is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and exempt from state income tax under similar provisions. Accordingly, no provision for income taxes has been recorded in these financial statements. It is the Trust's accounting policy to evaluate uncertain tax positions in accordance with the accounting pronouncement on uncertainly for income taxes. Management has determined that there are no uncertain tax positions at the Trust as of June 30, 2023 and 2022. The Trust has no income tax related penalties or interest for the periods reported in these financial statements. Form 990, Schedule D, Part IV, Line 2D THE ORGANIZATION RECEIVED FUNDS HELD ON BEHALF OF CLIENTS WHICH ARE PASS THROUGH GRANTS. true Early Learning Centers 50000 Newark Cares Books 721 7924 PART I QUESTION 1 The Funders Collaborative was established to deploy funds to schools in need of additional resources to improve the quality of education for students of Newark. Funds received from foundations are credited to the appropriate account for future disbursement. The account is a Restricted Fund. All awards from those funds must be approved by the Executive Director using recommendations from the Governance Committee and NTE internal review committee. The South Ward Community Schools Initiative (SWCSI) unites educators, families, and community partners to be responsible for five specific schools in Newarks South Ward. NTE submits a proposal to Community Foundation of New Jersey (CFNJ) with a proposed budget developed by each school for the school year. CFNJ issues a grant to NTE for the continuation of SWCSI activities in the five schools for the school year. The Abbott Leadership Institute (ALI), in partnership with the Newark Trust for Education, provides a five-week training on Parent Engagement through Social Emotional Learning for Newark parents and caregivers across five schools. The training is designed to give parents the tools needed to support their childrens social and emotional competency development while also assessing their own social and emotional challenges and methods to overcome them. ALI submits a proposal together with an itemized budget which is approved by the Executive Director. All receipts to the Funders Collaborative and SWCSI are recorded as revenue in separate Cash Accounts and identified as restricted funds. All grant awards from these funds are tracked in subsidiary ledgers that identifies disbursements by date, Grantee, Foundation and Dollar amount. A Sub Ledger/Summary is prepared monthly for each initiative, identifying the date, Grantee, Foundation, disbursements and balances. Award letters specifying the grant amount for each school/organization under the Funders Collaborative, SWCSI and ALI are approved by the Executive Director and issued to grantees along with a check. Schools/Organizations without a financial conduit draw down against their grant award by submitting payment requests to the Trust as needed. Follow-up visits, post evaluations, and final narrative and financial reports are communicated back to Governance Committee (Funders Collaborative), CFNJ (SWCSI), and Abbott Leadership Institute, respectively. X X false false false false false false false false false Ronald Chaluisan Executive Director 305612 9405 30750 345767 X 41593 FMV false false false From 990, Part III, Line 1 and Lines 4a-c LINE 1 NEWARK TRUST FOR EDUCATION, INC. (THE "TRUST") WAS INCORPORATED IN THE STATE OF NEW JERSEY AS A NOT-FOR PROFIT ORGANIZATION ON AUGUST 23, 2002. EFFECTIVE DECEMBER 12, 2011, THE ORGANIZATION REGISTERED A LEGAL NAME CHANGE FROM NEWARK PUBLIC SCHOOLS FOUNDATION, INC. TO NEWARK TRUST FOR EDUCATION, INC. THE TRUST IS AN INDEPENDENT NON-PROFIT DEDICATED TO COORDINATING AND FOCUSING IDEAS, PEOPLE, AND RESOURCES ON THE EFFICIENT AND EFFECTIVE DELIVERY OF A QUALITY PUBLIC EDUCATION TO ALL CHILDREN IN NEWARK; AND TO CREATING BROAD AND SHARED ACCOUNTABILITY FOR STUDENT SUCCESS ACROSS MULTIPLE STAKEHOLDERS. THE TRUST ENVISIONS A PUBLIC EDUCATION INFRASTRUCTURE THAT LEVERAGES THE WIDE ARRAY OF OPPORTUNITIES AVAILABLE TO THE YOUNG PEOPLE OF NEWARK, EFFECTIVELY CREATING POSITIVE CONDITIONS FOR LEARNING THAT HELP YOUNG PEOPLE MEET RIGOROUS ACADEMIC OUTCOMES, DEVELOP STRONG SOCIO-EMOTIONAL SKILLS, AND HAVE ACCESS TO HIGH-QUALITY POST-SECONDARY OPTIONS. LINE 4 TO ACCOMPLISH ITS MISSION THE TRUST LEADS INITIATIVES AND PARTNERS WITH STAKEHOLDERS IN THE FOLLOWING AREAS: PROMOTE PRACTICE: SAFE & SUPPORTIVE LEARNING ENVIRONMENTS NTE BUILDS THE KNOWLEDGE AND CAPACITY OF INDIVIDUALS AND TEAMS FROM SCHOOLS AND OTHER LEARNING ORGANIZATIONS TO CREATE EASY ACCESS TO HIGH-QUALITY SAFE AND SUPPORTIVE LEARNING ENVIRONMENTS AND INTERVENTIONS FOR ALL CHILDREN, AND INFLUENCES SYSTEMATIC EFFORTS THAT SUPPORT THESE ORGANIZATION-LEVEL PRACTICES. NTE INITIATIVES UNDER THE PILLAR OF PROMOTING PRACTICE INCLUDE: THE FUNDERS' COLLABORATIVE GRANTS PROGRAM, THE VICTORIA FOUNDATION PUBLIC SCHOOL GRANTS PROGRAM (BOTH OF WHICH SUPPORT PUBLIC SCHOOLS THROUGHOUT THE CITY OF NEWARK), CAPACITY BUILDING GRANTS FOR NEWARK-BASED CHILDCARE CENTERS IMPACTED BY COVID-19, AND THE PARENTCHILD+ (PC+) PROGRAM, WHICH SUPPORTS FAMILIES WITH CHILDREN AGES 16 MONTHS - 3.5 YEARS THROUGHOUT THE CITY OF NEWARK. THE FUNDERS COLLABORATIVE IS COMPRISED OF A NETWORK OF LOCAL, REGIONAL, AND NATIONAL FUNDERS AND THE VICTORIA FOUNDATION PUBLIC SCHOOL GRANTS PROGRAM IS AN INITIATIVE OF THE VICTORIA FOUNDATION, FOR WHICH THE TRUST SERVES AS AN INTERMEDIARY. EDUCATE STAKEHOLDERS NTE IS COMMITTED TO CREATING FULL AND SHARED ACCOUNTABILITY FOR STUDENT SUCCESS ACROSS MULTIPLE STAKEHOLDERS. TO ACHIEVE THIS GOAL NTE: A) PROMOTES THE SHARING OF KNOWLEDGE AND EXPERTISE ACROSS GROUPS; B) FACILITATES THE NAMING AND DOCUMENTATION OF EFFECTIVE PRACTICES; C) CULTIVATES A COLLABORATIVE RATHER THAN COMPETITIVE CULTURE AMONG PARTNERS; AND D) CONVENES AND CONNECTS KEY STAKEHOLDERS ACROSS NEWARK'S EDUCATIONAL ECOSYSTEM, BASED ON THEIR SPECIFIC AREA OF WORK. INITIATIVES UNDER THE PILLAR OF EDUCATING STAKEHOLDERS INCLUDE: PARENT WORKSHOP SERIES ON SOCIAL EMOTIONAL-LEARNING IN PARTNERSHIP WITH THE ABBOTT LEADERSHIP INSTITUTE AND THE ANNUAL NEWARK BOARD OF EDUCATION CANDIDATE'S FORUM. BUILD PUBLIC WILL & INFORM POLICY NTE CONTINUES TO BUILD ON ITS STRONG FOUNDATION AS A NEUTRAL CONVENER AND IMPARTIAL PLAYER TO GALVANIZE PUBLIC WILL AND CREATE SUSTAINABLE CYCLES OF IMPROVEMENT ACROSS NEWARK'S EDUCATIONAL ECOSYSTEM. TO ACCOMPLISH THIS GOAL NTE: A) FRAMES EDUCATIONAL ISSUES BY DOCUMENTING AND DISSEMINATING CRITICAL INFORMATION; B) DELIVERS A SET OF MESSAGES DESIGNED TO INCREASE KNOWLEDGE AND BROADEN PARTICIPATION IN THE LEARNING EXPERIENCES OF ALL YOUNG PEOPLE IN NEWARK; AND C) BUILDS BROAD PUBLIC UNDERSTANDING OF AND SUPPORT FOR ONGOING IMPROVEMENT AND ACCESS TO QUALITY EDUCATIONAL EXPERIENCES. INITIATIVES INCLUDED UNDER THE PILLAR OF BUILDING PUBLIC WILL AND INFORMING POLICY INCLUDE: ORIGINAL RESEARCH AND EVALUATION; FREE CITY-WIDE CONVENINGS; THE EARLY LEARNING STEERING COMMITTEE; AND THE DEVELOPMENT OF A COMMUNICATIONS CAMPAIGN DEDICATED TO PROMOTING PARTICIPATION IN EARLY CHILDHOOD PROGRAMS ACROSS THE CITY OF NEWARK ENTITLED GREAT START, GREAT FUTURE. form 990, part vi, section b, question 11a The form 990 is prepared by an independent accounting firm and reviewed by MANAGEMENT. A draft of the Form 990 is provided to the board for review and approval pRIOR TO FILING OF THE FORM 990. FORM 990, PART VI, SECTION B, QUESTION 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY That PROTECTs the trust WHEN IT IS CONTEMPLATING ENTERING INTO Any TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR OF THE ORGANIZATION OR MIGHT RESULT IN A POSSIBLE EXCESs BENEFIT TRANSACTION. BOARD MEMBERS AND EXECUTIVES ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE DISCLOSING A CONFLICT, IF APPLICABLE. FORM 990, PART VI, SECTION B, QUESTION 15 The Board of Directors formal evaluation of the Executive Director is based upon the goals outlined in the organizations strategic plan. The Executive Director submits an extensive self-assessment to the Board Chair and the Executive Committee of the Board of Directors. The Executive Committee of the Board meets with the Executive Director to review the assessment and track progress toward goals. Simultaneously, the Board engages in benchmarking salary guidelines across the sector in the region. The Executive Director is asked to develop an action plan and set goals on an annual basis. These goals are used to inform the annual performance review and compensation discussion. the board approves a contract with the executive director. FORM 990, PART VI, SECTION C, QUESTION 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND they are also AVAILABLE ON GUIDESTAR.org. Form 990, Part XI, Line 9 Cancellation of grants payable of $85,766. FORM 990 PART IX LINE 11G DESCRIPTION:COMMUNICATIONS CONSULTANT TOTAL FEES:93250 FORM 990 PART IX LINE 11G DESCRIPTION:DEVELOPMENT CONSULTANT TOTAL FEES:31175 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER TOTAL FEES:38261