2025-05-14T17:25:13-05:00 2024-06-30 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2023-07-01 383663314 Newark Trust for Education Inc % OANA VICOL NEWA 9736480300 494 Broad Street Suite LL30 Newark NJ 07102 Robert Clark Co-Chair 9736480300 2025-05-15 true true Brad Caruso P01249134 7328281614 2023 2025-03-06 01:10:19Z Robert Clark 494 Broad StreetLL30 Newark NJ 07102 222233 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. 10 10 9 10 0 579572 172285 114900 37500 22345 4345 635 8103 717452 222233 61077 0 0 0 1182288 271503 0 0 0 336440 206707 1579805 478210 -862353 -255977 668826 291360 175075 53586 493751 237774 X SEE SCHEDULE O FOR DETAILS false true 0 See schedule o for details 0 true true false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false 8 0 true 9 true false false false false false false false false false false false false X 10 10 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 270599 0 10499 Oana Vicol Director of Finance 40.0 0.0 X 88762 0 3381 Robert Clark Co-Chair/Board Member 1.0 0.0 X X 0 0 0 Celia King Co-Chair/Secretary/BoardMember 1.0 0.0 X X 0 0 0 Shane Harris Vice President/Board Member 1.0 0.0 X X 0 0 0 Dr Jacqueline Cusack Board Member 1.0 0.0 X 0 0 0 Nancy Cantor Board Member 1.0 0.0 X 0 0 0 Kyle Rosenkrans Board Member 1.0 0.0 X 0 0 0 Jennifer Tsukayama Board Member 1.0 0.0 X 0 0 0 Peter Rosario Board Member 1.0 0.0 X 0 0 0 Dr Charles Payne Board Member 1.0 0.0 X 0 0 0 Dr Robyn Ince Board Member 1.0 0.0 X 0 0 0 359361 0 13880 1 false true false 0 172285 172285 PROGRAM FEES - SWCS 900099 37500 37500 37500 4345 4345 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 900099 8103 8103 8103 222233 45603 4345 X 0 0 0 0 205425 205425 0 55872 55872 1163 1163 0 9043 9043 0 0 17438 17438 0 0 0 82630 82630 0 21769 21769 9637 9637 0 70678 70678 0 0 0 0 0 0 4555 4555 478210 0 478210 0 X 484213 199677 51217 24480 47500 47500 0 25 0 0 0 0 0 0 33669 18327 6943 1351 49249 49249 0 0 0 0 0 0 0 0 45284 0 668826 291360 98145 53586 31646 0 0 0 0 0 0 0 0 0 0 0 0 0 45284 0 175075 53586 X 280001 237774 213750 0 493751 237774 668826 291360 -255977 X false false false X 1640722 1274490 526165 579572 172285 4193234 0 0 1640722 1274490 526165 579572 172285 4193234 2284570 1908664 2820 6154 4754 22345 4345 40418 0 11701 2 74 635 8225 20637 4254289 383400 0.44865 0.53890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X false false false false false false false false false Ronald Chaluisan Executive Director 270599 0 0 0 0 0 4983 0 5516 0 281098 0 0 0 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 During FY2024 the Organization spent the majority of its efforts on strategic planning and administration. 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 13 It is the responsibility of all representatives to report ethics violations or suspected violations in accordance with this Whistleblower Policy. 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 III - LINE 3 During fiscal 2024 the organization experienced significant funding decreases and is winding down its operations. FORM 990 PART IX LINE 11G DESCRIPTION:IT CONSULTANTS TOTAL FEES:11100 FORM 990 PART IX LINE 11G DESCRIPTION:ADMINISTRATIVE CONSULTANTS TOTAL FEES:70000 FORM 990 PART IX LINE 11G DESCRIPTION:PAYROLL SERVICES TOTAL FEES:1530