Isles INC FY2020 filing

Public charity (501(c)(3)) Trenton, NJ Since 1981 EIN 22-2350832 NTEE L25Z
Revenue
$6.1M
FY2020 · Pt VIII · Ln 12
Expenses
$6.1M
FY2020 · Pt IX · Ln 25
Net assets
$16.7M
FY2020 · Pt X · Ln 32
To programs
81%
FY2020 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2024
Revenue
$6.1M
FY2020
Expenses
$6.1M
FY2020

Fosters self-reliant families and healthy, sustainable communities in the Trenton area through urban agriculture, green job training, affordable housing, and community revitalization services.

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Tax-deductible?
Yes
Per the IRS master file.
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Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
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Filing up to date?
Filed FY2024 (typical filing lag)
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Foundation funders?
3 funders, incl. Matrix Foundation INC
$16K in the latest grant year.
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Spent on programs?
81% to programs
Form 990 Part IX, latest filing.
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Size and trend
$10–100M
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Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).


Fosters self-reliant families and healthy, sustainable communities in the Trenton area through urban agriculture, green job training, affordable housing, and community revitalization services.

Founded
1981
Type
Public charity (501(c)(3)) · Housing
Location
Trenton, NJ
Website
www.isles.org
Filings
5 on file (2020–2020)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 7/20/26 · see original: IRS
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Where the money goes · FY2020
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.12 Fundraising $0.06
Program efficiency
81%
of spending reaches programs
Operating runway
3.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+0.7%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$25.8M
FY2020
Total liabilities
$9.1M
FY2020
Revenue less expensesPt I · Ln 19$43K
Total assetsPt X · Ln 16$25.8M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 415

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CIsles INC
EINHdr · item D22-2350832
Principal addressHdr · item CTrenton, NJ
WebsiteHdr · item Jwww.isles.org
Year of formationHdr · item L1981
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L25Z)
Ruling yearIRS BMFApr 1984

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Operating Officer
$116,996Pt VII · Sec A
Managing Director
$84,828Pt VII · Sec A
Managing Director
$75,222Pt VII · Sec A
Ex-Officio
$65,362Pt VII · Sec A
Chief Executive Officer
$28,125Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Sean Jackson’s $135K as Chief Executive Officer/Ex is at the 14th percentile of top reported officer pay among 676 $10–100M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Sean Jackson$135,000$135,016$134,135$115,518$28,125
John Hart$35,704$119,843$111,753$116,414$116,996
Peter Rose$102,108$89,683$84,359$80,636$75,222
Laura Fenster Rothschild$101,880————
Michael Nordquist$44,505$91,225$85,570$83,184$84,828
Martin Johnson$53,673$59,779$57,619$72,297$65,362
Jason Allen$41,309————
Chris Benson$31,036————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $3.8M of program spending, described in the organization's own filed words · FY2020.
01

Isles' Center for Energy and Environmental Training (ceet)

Ceet is a green collar job training facility, targeting careers in energy efficiency and environmental health. Lead and healthy homes policy: isles continues to provide retrofits to low-income homes to improve energy efficiency and remove lead, mold, and asthma triggers, and other health hazards.

$1.4Mprogram expense
02

Isles real estate services work in conjunctionwith the community planning and development services to carry out strategic redevelopment projects, including community facilties, homes, and commercial spaces. This also includes long-term management of all isles purchased properties and isles office facilities.

$1.2Mprogram expense
03

Community Planning & Development/Urban Agriculture

Isles collaborates with residents and stakeholders to develop and implement neighborhood revitalization plans, as well as topical plans scaled beyond the neighborhood level, such as plans related to vacant properties, food systems, and arts and culture.

$1.1Mprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$5.1M · 83%
Other revenue$533K · 9%
Investment income$412K · 7%
Program service revenue$80K · 1%
Contributions & grants83%$5.1M
Other revenue9%$533K
Investment income7%$412K
Program service revenue1%$80K
— government grantsLn 1e$3.2M
Total revenueLn 12$6.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.12 Fundraising $0.06
Program services81%$4.9M
Management & general12%$751K
Fundraising6%$385K
Total functional expensesLn 25$6.1M

Balance Sheet

Part X · end of year
CashLn 1$349K
Total assetsLn 16$25.8M
Total liabilitiesLn 26$9.1M
Total net assetsLn 32$16.7M
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.0M · Operating expenses (Pt IX) $6.1M · Less non-cash grants $24K · Cash operating expenses/yr $6.1M
3.9 months
Where the money goes
Program services
Program services $4.9M · Total expenses $6.1M
81%
Management & General
Management & general $751K · Total expenses $6.1M
12%
Fundraising
Fundraising $385K · Total expenses $6.1M
6%
Cost to raise $1
Fundraising expense $385K · Solicited contributions $1.9M
$0.20 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $5.1M · Total revenue $6.1M
83%
Government reliance
Government grants $3.2M · Total revenue $6.1M
52%
Earned-income share
Program service revenue $80K · Total revenue $6.1M
1%
Investment reliance
Investment income $412K · Total revenue $6.1M
+7%
Program self-sufficiency
Program service revenue $80K · Total expenses $6.1M
1%
Growth & trend
Revenue growth (YoY)
This year $6.1M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $16.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $6.1M · Expenses $6.1M
+0.7%
Liabilities-to-Assets
Total liabilities — · Total assets $25.8M
—
Net-asset ratio
Net assets $16.7M · Total assets $25.8M
65%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.6M · Other securities (Pt X, ln 12) $14K · Total assets (Pt X, ln 16) $25.8M
6%
People & payroll
Highest Reported Total Compensation
Individual John Hart · Reported title CHIEF OPERATING OFFICER · Highest reported compensation $117K · Total expenses $6.1M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3.6M · Total expenses $6.1M
60%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%——
Overhead ratio 12%——
Fundraising cost ratio 8%——
Legal fee ratio 0.03%——
Accounting fee ratio 1%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 3 funders$16K
See all 3 funders →
Grants paid · 37 grants · $1.0M · 2020–2023
120 East State StFY2023$170,000
A Better WayFY2023$75,000
Shares Nation INCNJ · FY2022$89,000
Trenton Health Team INCNJ · FY2022$31,322
Larry's New and Used TiresFY2022$12,300
Razor Sharp Barber and Beauty ShopFY2022$8,500
City Deli LLCFY2022$6,400
Brittany LittlejohnFY2022$5,000
Trenton Health Team INCNJ · FY2021$30,613
Smith Family FoundationFY2021$18,000
Shares Nation INCNJ · FY2020$178,000
219 East Hanover Street LLCFY2020$116,546
I Am Trenton Community FoundationFY2020$37,500
Mercer Street Friends Food BankFY2020$20,000
Arm in ArmFY2020$17,000
Inspired-Threads INCNJ · FY2020$10,000
See all 37 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$12.9M revenue · ⤓ 990 PDF
FY2023$11.0M revenue · ⤓ 990 PDF
FY2022$9.6M revenue · ⤓ 990 PDF
FY2021$9.9M revenue · ⤓ 990 PDF
FY2020$6.1M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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