Consortium for Executive Objectives EIN 22-3620443

Consortium for Executive Objectives FY2023 filing

EIN  22-3620443 Public charity (501(c)(3)) Vineland, NJ Founded 1996
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports community growth by providing education and scholarships for local employers.
Leadership
Louis N Magazzu · Executive Director · $36K
Money in and out
$201K revenue, $123K expenses
Bottom line
100% program efficiency

Supports community growth by providing education and scholarships for local employers. For fiscal year 2023 it reported $201K in revenue, $123K in expenses, and $139K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$201K
Pt VIII · Ln 12
Total expenses
$123K
Pt IX · Ln 25
Net assets
$139K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $79K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
13.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+39%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$201K
FY2023▲ +72%
Expenses
$123K
FY2023
Total assets
$139K
FY2023
Total liabilities
$0
FY2023
Total revenue
$201K
Pt VIII · Ln 12
Total expenses
$123K
Pt IX · Ln 25
Net assets
$139K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$79K
Total assetsPt X · Ln 16$139K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415
Mission & Programs · Part III

Where the work happens

1 program service account for $123K of program spending, described in the organization's own filed words · FY2023.
01

Educational

$123Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CConsortium for Executive Objectives
EINHdr · item D22-3620443
Principal addressHdr · item CVineland, NJ
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1996
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFMar 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
Executive Director
$36,000Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Louis N Magazzu’s $36K as Executive Director is at the 24th percentile of top reported officer pay among 2164 $100K–1M human services 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Louis N Magazzu$36,500$36,000$36,000$36,000$36,000$36,000

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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Statement of Revenue

Part VIII
Contributions & grants$160K · 80%
Other revenue$41K · 20%
Contributions & grants80%$160K
Other revenue20%$41K
Total revenueLn 12$201K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$123K
Total functional expensesLn 25$123K

Balance Sheet

Part X · end of year
CashLn 1$139K
Total assetsLn 16$139K
Total liabilitiesLn 26$0
Total net assetsLn 32$139K
Months of cash on handcomputed13.6

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $139K · Operating expenses/yr $123K
13.6 months
Where the money goes
Program services
Program services $123K · Total expenses $123K
100%
Management & General
Management & general $0 · Total expenses $123K
0%
Fundraising
Fundraising $0 · Total expenses $123K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $160K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $160K · Total revenue $201K
80%
Government reliance
Government grants — · Total revenue $201K
Earned-income share
Program service revenue $0 · Total revenue $201K
0%
Investment reliance
Investment income $0 · Total revenue $201K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $123K
0%
Growth & trend
Revenue growth (YoY)
This year $201K · Prior year $117K
+72%
Net-asset trend (YoY)
End of year $139K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $201K · Expenses $123K
+39%
Liabilities-to-Assets
Total liabilities — · Total assets $139K
Net-asset ratio
Net assets $139K · Total assets $139K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $139K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Louis N Magazzu · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $36K · Total expenses $123K
29%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $36K · Total expenses $123K
29%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 72%
Legal fee ratio 0%
Accounting fee ratio 4%

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 · this organization's grantmaking
Grants paid · 11 grants · $101K · 2023–2025
Cumberland County Technical Education CenterFY2025$16,000
Cccef School CountsNJ · FY2025$13,000
American Cancer Society INCGA · FY2025$8,000
Revive South JerseyNJ · FY2025$8,000
Knights of ColumbusCT · FY2025$6,000
Rural Development CorpNJ · FY2024$8,000
Cumberland County Technical Education CenterFY2024$8,000
Cumberland County Technical Education CenterFY2023$8,000

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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
FY2025 (Latest)$201K revenue · ⤓ 990 PDF
FY2024$157K revenue · ⤓ 990 PDF
FY2023$201K revenue · viewing · ⤓ 990 PDF
FY2022$117K revenue · ⤓ 990 PDF
FY2021$88K revenue · ⤓ 990 PDF
FY2020$131K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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