2023-11-06T18:57:41-06:00 2022-12-31 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2022-01-01 223495011 New Jersey Manufacturing Extension Program Incorporated % PETER CONNOLLY NEWJ 9739989801 2 Ridgedale AvenueSuite 305 Cedar Knolls NJ 07927 Peter Connolly PRESIDENT/CEO 9739989801 2023-08-31 true Peter Connolly XXX-XX-XXXX Brad Caruso P01249134 7328281614 2 2022 2023-04-26 12:10:37Z Peter Connolly 2 Ridgedale AvenueSuite 305 Cedar Knolls NJ 07927 9552920 false X www.njmep.org X 1996 NJ TO IMPROVE THE PROFITABILITY AND COMPETITIVENESS ON NEW JERSEY'S MANUFACTURERS. 15 15 60 15 0 6923254 5850970 3263297 3639157 3758 11771 0 0 10190309 9501898 52975 1356 0 0 4167878 4659001 0 0 0 5494752 4927578 9715605 9587935 474704 -86037 4230314 3992200 1918702 1917507 2311612 2074693 STRENGTHEN MANUFACTURERS COMPETITIVENESS BY ENHANCING PRODUCTIVITY, PERFORMANCE AND PROFITABILITY. AS A TRUSTED ADVISOR TO NEW JERSEY MANUFACTURERS, WE LEVERAGE OUR STAFF AND RESOURCES TO HELP IDENTIFY AREAS OF IMPROVEMENT AND STREAMLINE PROCESSES. false false 7204740 1356 3639157 Since 1996 NJMEP utilizing staff expertise and collaborative partnerships, enhances operational performance and productivity, drives new product development, market expansion, workforce development training and Certification Programs, and technology adoption for New Jersey's manufacturers. 7204740 true true false false false false false false false false true false false true true true true 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 true 61 0 true 60 true false false false false false false false false false false false false X 15 15 false false false false false false false true true false false true true true true true true true true false NJ X PETER CONNOLLY 9739989801 2 RIDGEDALE AVENUESUITE 305 CEDAR KNOLLS NJ 07927 DR JOHN W KENNEDY PRESIDENT/CEO 40.0 0.0 X 292214 0 10697 ROBYN CASABONA SENIOR DIRECTOR OF FINANCE 40.0 0.0 X 162807 0 20030 Fady Mdeway Director - Innovational Advanc 40.0 0.0 X 126381 0 33813 Stacy Cooke Senior Account Manager 40.0 0.0 X 141561 0 6624 Daniel Deutsch Engineering Manager 40.0 0.0 X 136052 0 4764 Stephanie Casano Director - Compliance and qual 40.0 0.0 X 116637 0 14304 Robert Monaco Sales Manager 40.0 0.0 X 119571 0 1454 Peter Connolly Chief Operating Officer 40.0 0.0 X 88007 0 0 JOHN BAKER TREASURER, Trustee 2.0 0.0 X X 0 0 0 Dieter Weissenreider TRUSTEE 1.0 0.0 X 0 0 0 AMY ESKILSON TRUSTEE 1.0 0.0 X 0 0 0 GARY FAILS TRUSTEE 1.0 0.0 X 0 0 0 Howard McIlvaine CHAIRMAN, Trustee 2.0 0.0 X X 0 0 0 DONALD SEBASTIAN Trustee 1.0 0.0 X 0 0 0 VICTOR J SORDILLO TRUSTEE 1.0 0.0 X 0 0 0 DAX STROHMEYER TRUSTEE 1.0 0.0 X 0 0 0 GAIL FRIEDBERG ROTTENSTRICH Trustee 1.0 0.0 X 0 0 0 CASEY MUENCH BICKHARDT Trustee 1.0 0.0 X 0 0 0 KEVIN LYONS Trustee 1.0 0.0 X 0 0 0 MITCH CAHN Trustee 1.0 0.0 X 0 0 0 Irina Rapoport TRUSTEE 1.0 0.0 X 0 0 0 Jay Budd Trustee 1.0 0.0 X 0 0 0 Andre DiMino TRUSTEE 1.0 0.0 X 0 0 0 Steven Gerber SECRETARY 1.0 0.0 X 0 0 0 1183230 0 91686 7 false true false Torsten Schimanski 80 Deerhurst Rd YONKERS NY 10583 Project Consulting 164863 Source HOV Tax LLC 4150 International Plaza Suite 650 FORT WORTH TX 76109 PROJECT CONSULTING 151067 EJH Executive Business Mgmt Service 657 Jackson Rd MULLICA HILL NJ 08062 PROJECT CONSULTING 142843 Charles R Goulding Energy TaxServic 33 Queens Street Suite 300 SYOSSET NY 11791 Project Consulting 414180 Alan Zakin Associates 134 Columbia Turnpike FLORHAM PARK NJ 07932 PROJECT CONSULTING 121163 5 5850970 5850970 TRAINING AND CONSULTING PROGRAMS 541610 3514307 3514307 MANUFACTURING DAY 561920 124850 124850 3639157 22801 22801 0 0 0 0 0 39992 51022 -11030 -11030 -11030 0 0 0 0 0 0 0 0 0 0 9501898 3639157 11771 X 0 1356 1356 0 0 485622 0 485622 0 0 3247966 2533599 714367 46406 33031 13375 553987 431322 122665 325020 234896 90124 0 95183 95183 45270 45270 0 0 15093 15093 2864065 2808574 55491 629263 629263 328090 184241 143849 193485 193485 0 187233 128106 59127 153752 153752 0 63248 6664 56584 0 0 41485 41485 26967 18451 8516 BAD DEBT EXPENSE 194444 194444 LOSS ON LEGAL SETTLEMENT 90000 90000 9587935 7204740 2383195 0 X 49438 2627 1738289 484568 892631 1410421 882554 670829 0 0 0 0 0 0 0 0 40441 42365 546469 197201 148881 349268 478080 489714 0 0 0 0 0 0 0 542408 4230314 3992200 870809 1219433 815569 249732 213410 109542 0 0 0 0 0 0 0 0 0 0 18914 338800 1918702 1917507 X 2311612 2074693 0 0 2311612 2074693 4230314 3992200 X -86037 -94718 -56164 X false true X true true true X 3959112 5028448 4879271 6923254 5850970 26641055 0 0 3959112 5028448 4879271 6923254 5850970 26641055 0 26641055 2404 2283 2681 3758 22801 33927 0 0 26674982 15153353 0.99873 0.99945 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 483204 143936 339268 63265 53265 10000 349268 SECURITY DEPOSIT 7007 RIGHT OF USE ASSET 325401 INSURANCE RECEIVABLE 210000 542408 0 DEFERRED RENT 0 OPERATING LEASE LIABILITY 338800 338800 X 9342602 -94718 -94718 9437320 8414 56164 64578 9501898 9579521 9579521 8414 8414 9587935 FORM 990, SCHEDULE D, PART X, LINE 2 The Program is tax exempt under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for Federal or state income taxes has been recorded in the financial statements. Management has determined that there are no uncertain tax positions at the Program as of December 31, 2022 and 2021. In addition, there was no income tax related penalties and interest reported by the Program for the periods in question. FORM 990, SCHEDULE D, PART X, LINE 4b Unexpended program income adjustment of $56,164. X X X false false false false false false false true false DR JOHN W KENNEDY PRESIDENT/CEO 292214 0 0 0 0 0 7929 0 2768 0 302911 0 0 0 ROBYN CASABONA SENIOR DIRECTOR OF FINANCE 162807 0 0 0 0 0 0 0 20030 0 182837 0 0 0 Fady Mdeway Director - Innovational Advanc 126381 0 0 0 0 0 0 0 33813 0 160194 0 0 0 FORM 990, SCHEDULE J, PART I, LINE 7 NJMEP PROVIDES FOR EXECUTIVE BONUSES BASED ON RESULTS OF CLIENT SATISFACTION, REVENUE MEETING OR EXCEEDING GOALS AND COMPLETION OF SALARY SURVEYS APPLICABLE TO THE INDUSTRY. EXECUTIVE BONUSES ARE RECOMMENDED BY THE CEO/PRESIDENT TO THE CHAIR/compensation COMMITTEE OF THE BOARD, WHO PRESENTS IT TO THE REST OF THE BOARD FOR APPROVAL. THE CEO/President's BONUS PLAN IS INCLUDED WITHIN AN EMPLOYMENT CONTRACT and reviewed and approved by the compensation committee based on the criteria in the agreement. CORE FORM 990 Responses FORM 990, PART III, LINE 4A NJMEP SERVES THE UNIQUE NEEDS AND CHALLENGES OF SMALL AND MEDIUM-SIZED MANUFACTURERS THROUGH A BROAD ARRAY OF SERVICES THAT IMPROVE THE TOP AND BOTTOM LINE. THESE SERVICES ARE CATEGORIZED INTO THE FOLLOWING THREE AREAS: OPERATIONAL EXCELLENCE, INNOVATION AND GROWTH AND WORKFORCE DEVELOPMENT. SINCE 2000, NJMEP HAS HELPED NEW JERSEY MANUFACTURERS REALIZE MORE THAN $7.17 BILLION DOLLARS IN REALIZED VALUE. PART VI, SECTION B, 11B. - POLICIES FORM 990 IS DISTRIBUTED TO MEMBERS OF THE FINANCE COMMITTEE IN ADVANCE OF MEETING TO DISCUSS AND APPROVE. THE FORM 990 IS THEN ELECTRONICALLY FIMLED AFTER REVIEW OF ALL BOARD MEMBERS. PART VI, SECTION B, 12C. - POLICIES UPON ENTERING NEW VENDOR OR NEW CLIENT INFORMATION, THE FINANCE DEPARTMENT DETERMINES IF THERE ARE ANY POTENTIAL CONFLICTS OF INTEREST. THE BOARD OF TRUSTEES REVIEWS ALL REPORTED RELATED PARTY TRANSACTIONS AND VOTES TO ACCEPT OR REJECT THE TRANSACTIONS, WITH THE RELATED PARTY MEMBER, IF ANY, ABSTAINING FROM VOTING. PART VI, SECTION B, 15A, 15B. - POLICIES THE PRESIDENT WILL REVIEW COMPENSATION SURVEYS FROM THE DEPARTMENT OF LABOR AND THE AMERICAN SMALL MANUFACTURERS COALITION AND WILL, AS NECESSARY, RECOMMEND CHANGES IN THE SALARY STRUCTURE TO THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE COMMITTEE WILL THEN MAKE A RECOMMENDATION TO THE FULL BOARD. NJMEP INSTITUTED THE FOLLOWING PROCESS: THE HUMAN RESORCES/EXECUTIVE COMMITTEE SHALL BE ESTABLISHED AND SHALL HAVE THE FOLLOWING RESPONSIBILITIES: ADVISING THE BOARD OF TRUSTEES TO SUPPORT ITS DECISION-MAKING PROCESSES, ACTS ON BEHALF OF THE BOARD DURING ON-DEMAND ACTIVITIES THAT OCCUR BETWEEN MEETINGS, WHICH ACTS ARE LATER PRESENTED FOR FULL BOARD REVIEW; EMPLOYMENT OF NJMEP'S PRESIDENT, WITH CONFIRMATION BY THE BOARD OF TRUSTEES AND ESTABLISHMENT OF HIS OR HER COMPENSATION; LEADS THE EVALUATION OF NJMEP'S PRESIDENT; GUIDES POLICY AND PROCEDURES DEVELOPMENT REATED TO ETHICS, SECURITY, HUMAN RESOURCES, FINANCE, AND REGULATORY REQUIREMENTS; OVERSEE NJMEP'S COMPENSATION AND BENEFITS POLICIES GENERALLY; EVALUATE EXECUTIVE OFFICER PERFORMANCE AND REVIEW OF NJMEP'S MANAGEMENT SUCCESSION PLAN; OVERSEE AND SET, WITH CONFIRMATION OF THE BOARD OF TRUSTEES, COMPENSATION FOR NJMEP'S PRESIDENT. COMPENSATION FOR NJMEP'S OTHER EXECUTIVE OFFICERS WILL BE HANDLED IN THE SAME MANNER AFTER A RECOMMENDATION FROM THE PRESIDENT. PART VI, SECTION C, 19. - DISCLOSURE NJMEP MAKES ITS CORPORATE POLICIES, DOCUMENTS, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY REQUEST, VIA THEIR WEBSITE. FORM 990 PART IX LINE 11G DESCRIPTION:PROJECT CONSULTANTS TOTAL FEES:2864065