2017-11-14T08:24:18-06:00 2017-06-30 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2016-07-01 383663314 NEWARK TRUST FOR EDUCATION INC % RONALD CHALUISAN NEWA 9736480300 494 BROAD STREET Suite LL30 NEWARK NJ 07102 RONALD CHALUISAN Executive Director 9736480300 2017-11-15 true Brad Caruso P01249134 7328281614 50.224.76.26 22006220173185000013 2017-11-14 P DACD97E73839641D86A322A9E54D2F1DE8509E5C BF253FAC6CB3B78E608B42E7DDEC13EDB341C047 2016 2021-01-29 14:40:06Z RONALD CHALUISAN 494 BROAD STREET LL30 NEWARK NJ 07102 3317434 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. 12 12 3 12 0 439959 3279721 21390 34900 695 513 6525 2300 468569 3317434 65156 453936 0 0 337026 393670 0 0 104508 333795 314967 735977 1162573 -267408 2154861 318821 2550817 58013 135148 260808 2415669 X See schedule o for details false false 174114 See schedule o for details 503927 34900 See schedule o for details 130723 See schedule o for details 808764 true true false false false false false false true false true false false false false true true 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 false true 3 0 true 3 true false false false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true true true false NJ X RONALD CHALUISAN 9736480300 494 BROAD ST SUITE LL30 NEWARK NJ 07102 SHAN HARRIS CHAIR 1.0 0.0 X X 0 0 0 Michele Mason BOARD MEMBER 1.0 0.0 X 0 0 0 IRENE COOPER-BASCH BOARD MEMBER 1.0 0.0 X 0 0 0 STEVEN DINER BOARD MEMBER 1.0 0.0 X 0 0 0 CELIA KING SECRETARY 1.0 0.0 X X 0 0 0 RAYMOND OCASIO TREASURER 1.0 0.0 X X 0 0 0 BARBARA REISMAN BOARD MEMBER 1.0 0.0 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 ROBERT CLARK Board Member 1.0 0.0 X 0 0 0 JOSEPH DELLA FAVE BOARD MEMBER 1.0 0.0 X 0 0 0 Richmond Rabinowitz Interim CEO (Through DEC 2017) 40.0 0.0 X 112000 0 0 Ronald Chaluisan Executive Director 40.0 0.0 X 97917 0 0 209917 0 0 1 false false false 0 X 3279721 3279721 MANAGEMENT FEE REVENUE 900099 34900 34900 34900 513 513 0 0 2300 2300 0 2300 2300 0 0 0 0 0 0 0 0 0 0 0 3317434 34900 2813 X 453936 453936 0 0 0 238570 155071 11929 71570 0 106111 50936 44648 10527 2304 1371 391 542 18246 10002 4965 3279 28439 16926 4822 6691 0 0 25335 25335 0 0 0 188902 111484 65658 11760 270 270 12706 12567 139 11949 11949 0 56808 56808 4192 455 3737 0 9048 8583 465 0 0 3629 3629 2128 2128 1162573 808764 249301 104508 X 288959 412546 14089 109751 9885 2025000 0 0 0 0 0 0 0 0 0 0 2329 260 43417 40157 3559 3260 0 0 0 0 0 0 0 0 0 0 318821 2550817 22310 38320 0 96828 0 0 0 0 35703 0 0 0 0 0 0 0 0 0 58013 135148 X 260808 390669 0 2025000 0 0 260808 2415669 318821 2550817 2154861 X false true X true false X 1108209 706152 313434 439959 3279721 5847475 0 0 1108209 706152 313434 439959 3279721 5847475 3508702 2338773 3208 2777 1672 1795 2813 12265 0 503 4865 798 5425 11591 5871331 205781 0.39834 0.37065 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false 24429 21169 3260 18988 18988 3260 0 0 X 3317434 3317434 3317434 1162573 1162573 1162573 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 Trusts 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, 2017 and 2016. The Trust has no income tax related penalties or interest for the periods reported in these financial statements. true Bard High School 525 East Houston Street new york NY 10002 226002140 n/a 41300 Education Brick Academy 59 Lincoln Park Garden Suite 50 Newark NJ 07102 270820249 n/a 25000 Education Abbott Leadership Institute 110 Warren Street Newark NJ 07102 226001086 n/a 60000 Education Chancellor Avenue School 321 Chancellor Avenue newark NJ 07112 226002140 n/a 46304 Education Eagle Academy 279 Chancellor Avenue newark NJ 07112 226002140 n/a 22118 Education Louise A Spencer School 66 Muhammad Ali Avenue Newark NJ 07104 226002140 n/a 49200 Education Luis Munoz Marin School 663 Broadway Newark NJ 07104 226002140 n/a 35278 Education Rafael Hernandez School 345 Broadway Newark NJ 07104 226002140 n/a 29773 Education Speedway Academy 701 s orange avenue newark NJ 07106 226002140 n/a 44855 Education West Side Campus 403 s orange avenue newark NJ 07103 226002140 n/a 43280 Education 10 PART I QUESTION 1 The Collaborative was established to act as a conduit 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; those accounts include the Collaborative Account which is broken down into Restricted and Unrestricted Funds and an Operating Account where funds are either used for operations or designated for a specific purpose. The credits to the accounts are based on the Foundation Award letters. Collaborative Fund: Restricted: 1)Award Letter is issued from the Foundation with an explicit purpose as how the funding is to be deployed 2)Governance committee reviews and approves recommendations for grant allocations 3)Award letter from the organization and the foundation is sent to the grantee with a check or funds are drawn down over the grant period. 4)Visits and follow-ups in the form of interim and final reports are monitored and managed by the organization. Unrestricted: 1)RFP (Request for Proposal) is issued to all potential grantees 2)Proposal submitted to the Organization's office for review 3))Governance committee reviews initial recommendations made by the organization and gives final approval with signature of each member. 4) Award letters are sent out with a check or funds are drawn down over the grant period. 5)Follow-up visits and post evaluations reported back to Governance Committee. From 990, Part III Line 1 Organization's Missions 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 THE PREVIOUS NAME OF NEWARK PUBLIC SCHOOLS FOUNDATION, INC. TO NEWARK TRUST FOR EDUCATION, INC. AS A LOCAL EDUCATION FUND, THE TRUST ADVOCATES FOR INVOLVEMENT IN PUBLIC EDUCATION BY ALL SEGMENTS OF THE PUBLIC. THE TRUST WORKS FOR ACCOUNTABILITY AND HIGH STANDARDS; ALIGNS AND FOCUSES RESOURCES; AND FACILITATES AND MANAGES COLLABORATIONS IN ORDER TO ENSURE A QUALITY PUBLIC EDUCATION FOR ALL CHILDREN IN NEWARK. THE TRUST'S MISSION IS TO DEVELOP, COORDINATE AND FOCUS IDEAS, RESOURCES AND EXPERTISE WHILE HOLDING ALL OF US RESPONSIBLE FOR QUALITY PUBLIC EDUCATION FOR ALL CHILDREN IN THE NEWARK. BETWEEN 2014 AND 2017, THE TRUST IS CONCENTRATING ITS EFFORTS ON: -INFLUENCING THE QUALITY OF PUBLIC EDUCATION GOVERNANCE AND LEADERSHIP -RE-IMAGINING AND FOSTERING HIGH QUALITY PUBLIC SCHOOLS AND SCHOOL OPTIONS THE TRUST ALSO PROVIDES EVIDENCE-BASED AND DATA DRIVEN APPROACHES TO IMPROVING TEACHING AND LEARNING, FOSTERING COLLABORATIONS, AND EMPOWERING THE COMMUNITY. THE TRUST WORKS TO ENSURE THAT ALL VOICES ARE RAISED; ALL STAKEHOLDERS ARE REPRESENTED, AND THAT OUR COLLECTIVE IMPACT RESULTS IN ALL OF NEWARK'S CHILDREN BEING PREPARED FOR A BRIGHT FUTURE. Line 4a Engagement The Trust is committed to public engagement that elevates all voices in support of quality public education for all Newarks children. The Trust seeks to expand outreach, strengthen relationships across sectors and communities, and deepen the understanding of issues, concerns, proposed strategies and initiatives facing public education in Newark, all in an effort to increase the number of children who are prepared for college and/or a career. The Trusts engagement series is focused on broadening the conversation about educational issues critical to the ongoing improvement of public schools in Newark, while fostering inclusive outreach, continued participation, and a commitment to productive, solution based discussion. Line 4b Grantmaking Established in 2011, the Newark Public Schools Funders collaborative for High Quality School Options Funders Collaborative is a network of local, regional, and national funders committed to providing high-quality public school options for all Newark students. Through targeted investments the Funders Collaborative is committed to creating safe, supportive and effective schools that address the multidimensional needs of students. A primary component of this work is to empower school leaders and principals to advocate for change at the district and city level in order to support our students effectively. With mental health services and social emotional support for students and staff identified among the most common needs of school leaders in Newark, the Funders Collaborative allocates resources towards school-wide approaches to strengthening and improving social-emotional learning programs and trauma-informed services. Programmatic areas supported by the Funders Collaborative include: Professional Development and Staff Training on best practices in SEL implementation, trauma-informed care approaches, and data collection and evaluation; Direct Mental Health Services; School Climate and Culture initiatives with an emphasis on establishing healthy and supportive learning environments; and Classroom Instruction and Strategies based on behavioral health and social-emotional learning. In addition to grant awards the Funders Collaborative provides school leaders with the opportunity to receive technical assistance, encourage innovation and facilitate shared learning with peers through collaborative convening, and create strategic networks with stakeholders across the city. Moving forward the Governance Committee will function as a representative sample of funders who meet with the Trust to advise the process, review applications and make recommendations for funding. NTE will make final determinations on the allocation of grant awards in addition to other administrative functions. Line 4C South Ward Community Schools Initiative South Ward Community Schools are Newark Public Schools that unite educators, families, and community partners to be responsible for the following five schools: Malcolm X, Shabazz High School, BRICK Avon Academy, BRICK Peshine Academy, Louise A. Spencer Elementary School, and Belmont Runyon School. As administrators of the South Ward Community Schools Initiative SWCSI, the Newark Trust for Education has established a management team to oversee the initiative with representation from the City of Newark, Newark Public Schools and the Trust. The Community Schools strategy includes the following six key elements: 1) High Expectations for learning supported by: a. Clear Instructional Vision b. Rigorous Instructional Practice c. Integrated Student Supports 2) High Capacity, Sustainable Partnerships and Resource Coordination/Integration 3) Data-Driven Decision-Making 4) Capacity to Address Student Health and Mental Health 5) Quality, Aligned, and Sustainable Expanded Learning Time/Opportunities 6) Community of Engaged, Supportive Adults 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. 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 IX LINE 11G DESCRIPTION:INTERIM CEO TOTAL FEES:72800 FORM 990 PART IX LINE 11G DESCRIPTION:EVALUTATION CONSULTANT TOTAL FEES:50000 FORM 990 PART IX LINE 11G DESCRIPTION:EXECUTIVE SEARCH TOTAL FEES:15000 FORM 990 PART IX LINE 11G DESCRIPTION:COMMUNITY SCHOOLS TOTAL FEES:41884 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER TOTAL FEES:9218