2023-11-15T12:56:41-06:00 2022-12-31 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2022-01-01 223664305 Newark Alliance Inc % PETER TYNDALE NEWA 9735966400 60 PARK PLACE 604 NEWARK NJ 07102 Evan Weiss President/CEO 9735966400 2023-11-15 true Evan Weiss 999009999 James Mulroy P00024514 7328281614 3 2022 2023-04-26 12:10:37Z Evan Weiss 60 PARK PLACE 604 NEWARK NJ 07102 4232490 false X WWW.NEWARK-ALLIANCE.ORG X 1999 NJ TO WORK IN PARTNERSHIP TO MAKE NEWARK A BETTER, SAFER PLACE TO WORK, LIVE, LEARN, PLAY AND DO BUSINESS. 6 6 13 6 0 2484180 4229843 8500 0 43 2647 0 0 2492723 4232490 192143 164512 0 0 951524 1369434 0 0 0 1506302 1395819 2649969 2929765 -157246 1302725 3740799 5683238 679276 1218322 3061523 4464916 X HISTORY THE NEWARK ALLIANCE IS A NON-PROFIT ORGANIZATION FOUNDED BY LEADERS FROM SOME OF NEW JERSEY'S MAJOR CORPORATIONS TO SUPPORT THE BROADER NEEDS OF THE NEWARK COMMUNITY. SINCE THE ORGANIZATION'S INCEPTION IN 1999, IT HAS FOCUSED ON CREATING PARTNERSHIPS WITH KEY STAKEHOLDERS TO ADDRESS ISSUES OF HIGH PRIORITY TO ADVANCE NEWARK'S REVITALIZATION WITH THE GOAL OF IMPROVING ECONOMIC CONDITIONS AND PUBLIC EDUCATION IN THE STATE'S LARGEST CITY. NEWARK ALLIANCE IS A LEADING NONPROFIT ORGANIZATION DEDICATED TO THE ONGOING ECONOMIC REVITALIZATION OF NEWARK, STRIVING TO TRANSFORM OUR CITY INTO A BETTER AND SAFER PLACE TO WORK, LIVE, LEARN, PLAY AND DO BUSINESS. SUPPORTED BY CORPORATE AND COMMUNITY PARTNERS, THE ALLIANCE HAS SUCCESSFULLY LEVERAGED NEWARK'S COMPETITIVE ASSETS TO GENERATE ECONOMIC GROWTH FOR THE CITY, STATE, REGION AND BEYOND. THROUGH INNOVATIVE PARTNERSHIPS WITH KEY STAKEHOLDERS, THE ALLIANCE HAS DEVELOPED CREATIVE SOLUTIONS AND SUPPORTED MAJOR CITYWIDE INITIATIVES THAT ARE D false false 2275470 164512 0 Newark Alliance is a leading nonprofit organization dedicated to the ongoing economic revitalization of Newark, striving to transform our city into a better and safer place to work, live, learn, play and do business. Supported by corporate and community partners, the Alliance has successfully leveraged Newark's competitive assets to generate economic growth for the city, state, region and beyond. Through innovative partnerships with key stakeholders, the Alliance has developed creative solutions and supported major citywide initiatives that are delivering transformational change for residents and visitors alike, further advancing Newark's renaissance into one of America's great cities. 2275470 true true false false false false false false false true true false false false false true true false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false true 0 0 13 true false false false false false false false false false false false false X 6 6 false false false false false false false true true false false true true true true true true false false false NJ X PETER TYNDALE 9735966400 60 PARK PLACE SUITE 604 Newark NJ 07102 Evan Weiss President/CEO (EX-OFFICIO) 3.0 0.0 X 248817 0 16585 Della Walker Jr Director 40.0 0.0 X 169868 0 6307 Kaili Sanderson Director 40.0 0.0 X 134490 0 30760 Sibusisiwe Malaba Director 40.0 0.0 X 138329 0 14249 Kaleena Berryman DIRECTOR 40.0 0.0 X 123804 0 20387 MR DENNIS M BONE BOARD MEMBER 3.0 0.0 X 0 0 0 MS LATA REDDY CHAIR - BOARD MEMBER 5.0 0.0 X X 0 0 0 MR JOHN SCHREIBER BOARD MEMBER 3.0 0.0 X 0 0 0 MR RICHARD DUNN Board Member 3.0 0.0 X 0 0 0 MS SUZANNE SPERO Board Member 3.0 0.0 X 0 0 0 abhinav mathur Board Member (Thru 07/22) 3.0 0.0 X 0 0 0 815308 0 88288 5 false true false Automated Accounting Solutions Inc 1215 livingston ave suite 1 NORTH BRUNSWICK NJ 08902 accounting 111338 1 866691 3363152 4229843 0 2647 2647 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4232490 2647 X 38584 38584 125928 125928 0 0 265402 225442 39960 0 875216 749928 125288 9024 6662 2362 115004 84897 30107 104788 77356 27432 0 0 48851 48851 0 0 0 988500 793664 194836 35451 35451 205771 79604 126167 0 0 88873 32882 55991 3965 3039 926 0 16547 8633 7914 0 0 2277 2277 5584 5584 2929765 2275470 654295 0 X 1319491 2932736 2027589 2528161 388632 220882 0 0 0 0 0 0 0 0 0 0 2809 1459 110934 110934 2278 0 0 0 0 0 0 0 0 0 0 0 3740799 5683238 67825 76730 0 0 611451 1141592 0 0 0 0 0 0 0 0 0 0 0 0 679276 1218322 X 1865674 3092318 1195849 1372598 3061523 4464916 3740799 5683238 1302725 100668 X false true X true false X 1685597 3226531 3230709 2484180 4229843 14856860 0 0 1685597 3226531 3230709 2484180 4229843 14856860 5017277 9839583 139 1049 2021 43 2647 5899 0 0 14862759 8500 0.66203 0.71062 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1195849 2222295 2647 2048193 1372598 1699848 936583 35274 1475856 1195849 2086075 991710 167 1378104 1699848 1012054 2265273 1191252 2086075 632593 950597 571136 1012054 0.00000 0.00000 1.00000 false false 110934 110934 0 0 0 0 0 0 0 X 4232490 4232490 4232490 2929765 2929765 2929765 SCHEDULE D, PART V TEMPORARILY RESTRICTED NET ASSETS CONSIST OF UNSPENT FUNDS FOR GRANTOR AND DONOR SPECIFIED PURPOSES FOR PROGRAMS AND SERVICES. SCHEDULE D, PART X, Line 2 The Alliance qualifies as a not-for-profit organization as described in Section 501(c)(3) of the Internal Revenue Code (the "Code") and is exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. The Alliance is also exempt from state and local income taxes. The Alliance followed the provisions of authoritative guidance on accounting for uncertainty in income taxes for the years ended December 31, 2022 and 2021. Under this guidance, tax positions are evaluated for recognition using a more-likely-than-not threshold, and those tax positions requiring recognition are measured at the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. The Alliance has evaluated the likelihood of their tax-exempt status being challenged as remote. Accordingly, the Alliance has not included any income tax provisions or any potential liabilities for taxes on unrelated business income, including interest and penalties, in the financial statements related to potential violations of their tax-exempt status. There are no income tax related interest or penalties reflected in these financial statements. true Stipends 2 960 rental assistance 36 50150 Home improvement assistance 2 4693 SCHEDULE I, PART I; QUESTION 2 THE NEWARK ALLIANCE MAKES GRANTS TO PARTNER ORGANIZATIONS THAT SHARE THEIR MISSION. AS A RESULT, REPRESENTATIVES OF THE NEWARK ALLIANCE PARTICIPATE ON TEAMS WITH PARTNERS TO EXECUTE THE VARIOUS FUNDED ACTIVITIES. MONITORING IS DONE THROUGH ONGOING MEETINGS, SITE VISITS AND PARTICIPATION IN EXECUTING STRATEGIES. WHEN REQUIRED, SITE VISITS ARE COMPLETED TO DETERMINE COMPLIANCE WITH GRANT REQUIREMENTS, BOTH FROM A PROGRAMMATIC AND FINANCIAL STANDPOINT. THESE SITE VISITS ARE MORE DETAILED IN NATURE AND THE COMPLIANCE IS SUBSTANTIATED BY A REVIEW OF SUPPORTING DOCUMENTATION. ADDITIONALLY, WRITTEN REPORTS ARE RECEIVED ON A PERIODIC SCHEDULE FROM GRANTEES PROVIDING A STATUS OF BOTH PROGRAM OBJECTIVES AND FINANCIAL RESULTS. AN ATTESTATION FROM RESPONSIBLE FINANCIAL MANAGER IN THE GRANTEES' ORGANIZATION MUST ACCOMPANY THE FINANCIAL REPORTS. FOLLOW UP OF ITEMS IS DONE WHEN APPROPRIATE OF ALL RELEVANT INFORMATION. X false false false false false false false false false Sibusisiwe Malaba Director 138329 0 0 0 0 0 4186 0 10063 0 152578 0 0 0 Kaili Sanderson Director 134490 0 0 0 0 0 3071 0 27689 0 165250 0 0 0 Della Walker Jr Director 169868 0 0 0 0 0 0 0 6307 0 176175 0 0 0 Evan Weiss President/CEO 248817 0 0 0 0 0 6875 0 9710 0 265402 0 0 0 CORE FORM, PART VI, SECTION B; QUESTION 11B THIS ORGANIZATION'S FEDERAL FORM 990 WAS PROVIDED TO EACH VOTING MEMBER OF ITS GOVERNING BODY, ITS BOARD OF TRUSTEES, PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE ("IRS"). IN ADDITION, THE BOARD OF TRUSTEES, AS WELL AS THE SENIOR MANAGEMENT OF THE ORGANIZATION, HAVE ASSUMED THE RESPONSIBILITY TO OVERSEE AND COORDINATE THE FEDERAL FORM 990 PREPARATION, REVIEW AND FILING PROCESS FOR THE ORGANIZATION. AS PART OF THE ORGANIZATION'S FEDERAL FORM 990 TAX RETURN PREPARATION PROCESS, THE ORGANIZATION HIRED A PROFESSIONAL CERTIFIED PUBLIC ACCOUNTING ("CPA") FIRM WITH EXPERIENCE AND EXPERTISE IN NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE ORGANIZATION'S FINANCE PERSONNEL TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER FOR REVIEW. THE CHIEF EXECUTIVE OFFICER REVIEWED THE DRAFT FEDERAL FORM 990 AND DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. REVISIONS WERE MADE TO THE DRAFT FEDERAL FORM 990 WHERE NECESSARY AND A FINAL DRAFT WAS FURNISHED BY THE CPA FIRM TO THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER FOR FINAL REVIEW AND APPROVAL PRIOR TO PRESENTATION TO THE BOARD OF TRUSTEES AND FILING WITH THE IRS. CORE FORM, PART VI, SECTION B; QUESTION 12C IN THE NORMAL COURSE OF BUSINESS OPERATIONS, MANAGEMENT MAINTAINS AN AWARENESS OF BUSINESS TRANSACTIONS FOR CONFLICTS OF INTEREST BOTH WHEN STRUCTURING TRANSACTIONS AND DURING THE TRANSACTION APPROVAL PROCESS. AS SUCH THE BUSINESS ENVIRONMENT SUPPORTS DISCLOSURE PRIOR TO APPROVING TRANSACTIONS SO THAT APPROPRIATE STEPS CAN BE TAKEN AS AN ONGOING MONITORING STEP. FOR EXAMPLE, PRIOR TO BOARD OR COMMITTEE ACTION ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A TRUSTEE, EMPLOYEE OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING AND ACTED UPON CONSISTENT WITH THE CONFLICT OF INTEREST POLICY. IN ADDITION, BOTH TRUSTEES AND EMPLOYEES OF THE NEWARK ALLIANCE ARE AWARE OF THE COMPANY'S POSITION ON CONFLICTS OF INTEREST. ANNUALLY, THE "CONFLICT OF INTEREST TRUSTEE-OFFICER-EMPLOYEE DISCLOSURE STATEMENT" IS PROVIDED FOR SIGNATURE ATTESTING TO THE FOLLOWING: THE POLICY HAS BEEN RECEIVED; THE POLICY HAS BEEN READ AND UNDERSTOOD; AGREEMENT TO COMPLY WITH THE POLICY; ALL KNOWN CONFLICTS HAVE BEEN DISCLOSED; AND THE IMPLICATIONS TO THE CORPORATION'S CHARITABLE AND TAX-EXEMPT STATUS ARE UNDERSTOOD. CORE FORM, PART VI, SECTION C; QUESTION 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MAINTAINED AT THE CORPORATE OFFICE AND ARE OPEN TO INSPECTION AT ALL TIMES. CORE FORM, PART XII; QUESTION 2 AN INDEPENDENT CPA FIRM AUDITED THE FINANCIAL STATEMENTS OF THE TAXPAYER FOR THE YEARS ENDED DECEMBER 31, 2022 AND DECEMBER 31, 2021; RESPECTIVELY, AND ISSUED A CERTIFIED AUDITED FINANCIAL STATEMENT. AN UNMODIFIED OPINION WAS ISSUED BY THE INDEPENDENT CPA FIRM EACH YEAR. THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE TAXPAYER'S FINANCIAL STATEMENTS AND THE SELECTION OF ITS INDEPENDENT AUDITOR. FORM 990 PART IX LINE 11G DESCRIPTION:PROGRAM CONSULTING TOTAL FEES:988500