2024-05-09T05:23:41-05:00 2023-12-31 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2023-01-01 223495011 New Jersey Manufacturing Extension Program Incorporated % PETER CONNOLLY NEWJ 9739989801 2 Ridgedale AvenueSuite 305 Cedar Knolls NJ 07927 Peter Connolly PRESIDENT 9739989801 2024-05-15 true Peter Connolly XXX-XX-XXXX true Brad Caruso P01249134 7328281614 2 2023 2023-04-26 12:10:37Z Peter Connolly 2 Ridgedale AvenueSuite 305 Cedar Knolls NJ 07927 10370700 false X www.njmep.org X 1996 NJ TO IMPROVE THE PROFITABILITY AND COMPETITIVENESS ON NEW JERSEY'S MANUFACTURERS. 15 15 57 15 0 5850970 6808093 3639157 3412507 11771 14069 0 0 9501898 10234669 1356 12533 0 0 4659001 5170531 0 0 0 4927578 4953203 9587935 10136267 -86037 98402 3992200 4380378 1917507 2236801 2074693 2143577 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 7696105 12533 3412507 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. 7696105 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 true true false false false false false false false false false false false false false false false false false true 86 0 true 57 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 Peter Connolly PRESIDENT 40.0 0.0 X 267675 0 59011 DR JOHN W KENNEDY CEO (Thru 05/31/23) 40.0 0.0 X 196270 0 13304 ROBYN CASABONA SENIOR DIRECTOR OF FINANCE 40.0 0.0 X 171552 0 23152 STEPHANIE CASANO DIRECTOR -COMPLIANCE & QUALITY 40.0 0.0 X 132303 0 41502 DANIEL DEUTSCH ENGINEERING MANAGER 40.0 0.0 X 136833 0 20953 SALLY WHITE SR.DIR BUSINESS DEV&OPERATIONS 40.0 0.0 X 150000 0 0 Andrew Duda DIRECTOR OF OPERATIONS 40.0 0.0 X 125029 0 21892 STACY COOKE SENIOR ACCOUNT MANAGER 40.0 0.0 X 128645 0 14113 Howard McIlvaine CHAIR 2.0 0.0 X X 0 0 0 JOHN BAKER TREASURER 2.0 0.0 X X 0 0 0 GARY FAILS TRUSTEE (THRU DEC 2023) 1.0 0.0 X 0 0 0 AMY ESKILSON TRUSTEE 1.0 0.0 X 0 0 0 Dieter Weissenreider TRUSTEE (THRU DEC 2023) 1.0 0.0 X 0 0 0 MITCH CAHN Trustee 1.0 0.0 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 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 Sal Anderton SECRETARY 1.0 0.0 X 0 0 0 1308307 0 193927 14 false true false Charles R Goulding Energy Tax saver 33 Queens Street Suite 300 SYOSSET NY 11791 Project Consulting 211113 Andrea Stone Source HOV Tax LLC 4150 International Plaza Suite 650 FORT WORTH TX 76109 Project Consulting 158583 Torsten Schimanski 80 Deerhurst Road 3031 SCARSDALC NY 10583 Project Consulting 152762 ED Hanker 657 Jackson Rd MULLICA HILL NJ 08062 Project COnsulting 134349 Alan Zakin Associates 134 Columbia Turnpike FLORHAM PARK NJ 07932 PROJECT CONSULTING 114526 6 6808093 0 6808093 TRAINING AND CONSULTING PROGRAMS 541610 3226161 3226161 MANUFACTURING DAY 561920 186346 186346 3412507 18040 18040 0 0 0 0 0 132060 136031 -3971 -3971 -3971 0 0 0 0 0 0 0 0 0 0 10234669 3412507 14069 X 0 12533 12533 0 0 627364 8051 619313 0 3478980 2820633 658347 66234 44951 21283 621861 422038 199823 376092 255242 120850 0 21003 21003 46000 46000 0 0 6589 6589 2799515 2698698 100817 761426 761426 349744 234037 115707 254409 254409 0 242527 138615 103912 179600 179600 0 39939 15692 24247 0 0 77541 77541 39265 27048 12217 BAD DEBT EXPENSE 135645 135645 10136267 7696105 2440162 0 X 2627 37203 484568 504329 1410421 991837 670829 660623 0 0 0 0 0 0 0 0 42365 119411 936489 274459 349268 662030 489714 583762 0 0 0 0 0 0 542408 821183 3992200 4380378 1198197 918314 249732 321591 130778 158973 0 0 0 0 0 0 0 0 0 0 338800 837923 1917507 2236801 X 2074693 2143577 0 0 2074693 2143577 3992200 4380378 X 98402 94048 -123566 X false true X true true true X 5028448 4879271 6923254 5850970 6808093 29490036 0 0 5028448 4879271 6923254 5850970 6808093 29490036 0 29490036 2283 2681 3758 22801 18040 49563 0 0 29539599 15214954 0.99832 0.99873 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 859849 218504 641345 76640 55955 20685 662030 RIGHT OF USE ASSET 821183 821183 0 LEASE LIABILITY 837923 837923 X 10205151 94048 94048 10111103 123566 123566 10234669 10136267 10136267 10136267 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, 2023 and 2022. 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 $123,566. true Stipends 11 12533 FORM 990, SCHEDILE I, PART I, LINE 1 The Organization received a grant from the state of New Jersey for apprenticeships. As part of that program, the employees of the recipients are paid to participate in the program. In accordance with the terms of the grant agreement, NJMEP provides the stipend to the Organization for their employees participation in the program. NJMEP reviews the payroll and other data of Organizations to determine eligibility and awards the funds when criteria are met. X X X false false false false false false false true false Peter Connolly PRESIDENT 267675 0 0 0 0 0 22202 0 36809 0 326686 0 0 0 DR JOHN W KENNEDY CEO (Thru 05/31/23) 196270 0 0 0 0 0 13304 0 0 0 209574 0 0 0 ROBYN CASABONA SENIOR DIRECTOR OF FINANCE 171552 0 0 0 0 0 0 0 23152 0 194704 0 0 0 DANIEL DEUTSCH ENGINEERING MANAGER 136833 0 0 0 0 0 17762 0 3191 0 157786 0 0 0 STEPHANIE CASANO DIRECTOR -COMPLIANCE & QUALITY 132303 0 0 0 0 0 29813 0 11689 0 173805 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 XI, LINE 9, CHANGES IN NET ASSETS: Unexpended program income adjustment of $123,566. FORM 990 PART IX LINE 11G DESCRIPTION:PROJECT CONSULTANTS TOTAL FEES:2799515