NJ Edge Net INC FY2021 filing

Tax-deductible

Newark, NJ501(c)(3)Since 2001EducationEIN 22-3781807Revenue $11.4M in FY2021

On file with the IRSnjedge.net625 Broad St Ste 260, 07102-4418 · Newark, NJTax-exempt since Mar 2001Publicly supported charity — 170(b)(1)(A)(vi)

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Njedge.Net supports new jersey's research and education community as well as government and industry partnerships with its deployment of a regional optical network providing statewide broadband access and state of the art emerging technologies to enrich the educational and research missions of its members.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$1.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $793K a year · 6% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.4M
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $9K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.3M
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
22
of 22 voting members
Looks good: 22 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.4M
Spent
$12.2M
To programs
84%
Net assets
$3.0M
By yearFY2021–FY2025
Revenue
$11.4M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$11.4M
FY2022$12.6M
FY2023$11.8M
FY2024$13.1M
FY2025$13.9M
Expenses
$12.2M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$12.2M
FY2022$13.5M
FY2023$12.7M
FY2024$13.8M
FY2025$14.5M
Net assets
$3.0M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$3.0M
FY2022$2.2M
FY2023$1.2M
FY2024$469K
FY2025−$121K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $10.3M Management & general 16% · $1.9M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

28 people listed on the 990; $1.4M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President and CEO
$235,664Pt VII · Sec A
Senior VP and COO
$217,515Pt VII · Sec A
$201,053Pt VII · Sec A
Senior Director, Prog. Ser
$181,437Pt VII · Sec A
Principal Network Architec
$178,566Pt VII · Sec A
Security Solutions
$170,978Pt VII · Sec A
$166,074Pt VII · Sec A
$0Pt VII · Sec A

Samuel S Conn PHD’s $271K as President and CEO is at the 58th percentile of top reported officer pay among 3683 $10–100M education 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

NameFY2025FY2024FY2023FY2022FY2021
Samuel S Conn PHD$271,158$245,818$249,132$232,945$235,664
Edward Chapel——$123,133$213,228$217,515
Joseph Rearden———$141,395$201,053
Christopher Ray Markham$191,998$187,286$184,798$176,731—
James Stankiewicz$190,310$185,401$181,485$177,944$178,566
Bruce Tyrell$190,092$186,047$181,773$178,348$181,437
Caitlin Kaplan$186,416$179,064$158,080——
Jeremy Livingston————$170,978

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides statewide broadband and advanced technology to New Jersey's research and education community.

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Provided by the organization

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1 program · $10.3M · in their own filed words · FY2020
01

NJEDGE.NET procures, operates and manages a state-wide network solely on behalf of educational and research institutions in NJ. This is a 24/7, year-round operation.

$10.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$9K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$11.4M
Ln 12
Fees for servicesLn 2g$10.2M
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$309
Money outPt IX
$12.2M
Ln 25
Programscol B$10.3M
Managementcol C$1.9M
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$427K
Total assetsLn 16$7.4M
LiabilitiesLn 26$4.3M
PeoplePt VI, VII
28
listed · VII A
PaidVII A7
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$593K
Fees for servicesLn 2g$10.2M
Investment incomeLn 3$309
Total revenueLn 12$11.4M
Assets in detailPt X, end of year
CashLn 1$427K
Cash and savings togetherLn 1–2$427K
Land, buildings, equipmentLn 10c$3.4M
Other assetsLn 15$25K
Total assetsLn 16$7.4M
LiabilitiesLn 26$4.3M
Net assetsLn 32$3.0M
OperationsPt I, VI
EmployeesI 553
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.2M$427K
Land, buildings, equipmentLn 10c$3.7M$3.4M
Total assetsLn 16$8.2M$7.4M
LiabilitiesLn 26$4.3M$4.3M
Net assetsLn 32$3.8M$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.8M$1.1M$730K
Other salaries and wagesLn 7$1.8M$1.1M$708K
Pension plan contributionsLn 8$210K$127K$84K
Other employee benefitsLn 9$253K$153K$101K
Payroll taxesLn 10$259K$156K$103K
Legal feesLn 11b$141K$24K$117K
Accounting feesLn 11c$29K$5K$24K
Other fees for servicesLn 11g$1.2M$1.2M$29K
Office expensesLn 13$42K$39K$3K
OccupancyLn 16$153K$153K
TravelLn 17$21K$20K$1K
Conferences, conventions and meetingsLn 19$37K$37K
InterestLn 20$55K$55K
Depreciation, depletion and amortizationLn 22$1.1M$1.1M
Other expenses (24a–d)Ln 24$5.0M$4.9M$28K
All other expensesLn 24e$88K$87K$1K
Total functional expensesLn 25$12.2M$10.3M$1.9M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $13.9M$14.5M−$590K−$121K 990 PDF
FY2024 $13.1M$13.8M−$772K$469K 990 PDF
FY2023 $11.8M$12.7M−$922K$1.2M 990 PDF
FY2022 $12.6M$13.5M−$864K$2.2M 990 PDF
FY2021 Viewing $11.4M$12.2M−$816K$3.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $11,397,908 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $549,801$1,180,830
I-9 Program service revenuePrior year $10,806,453$10,216,769
I-10 Investment incomePrior year $24,894$309
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $11,381,148$11,397,908
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,065,119$4,338,966
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,828,381$7,875,329
I-18 Total expensesPrior year $11,893,500$12,214,295
I-19 Revenue less expensesPrior year −$512,352−$816,387
Part VI · Governance 22 of 22 board members independent, 1 to look at
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $11,397,908 across 6 lines filed
VIII-1b Membership dues$588,000
VIII-1e Government grants$592,830
VIII-1h Total contributions, gifts and grants$1,180,830
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,216,769$10,216,769
VIII-3 Investment incomeExcluded from tax $309$309
VIII-12 Total revenueRelated to mission $10,216,769 · Unrelated business $0 · Excluded from tax $309$11,397,908
Part IX · Statement of functional expenses $12,214,295 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $1,105,710 · Management $730,104$1,835,814
IX-7 Other salaries and wagesPrograms $1,072,668 · Management $708,285$1,780,953
IX-8 Pension plan contributionsPrograms $126,596 · Management $83,590$210,186
IX-9 Other employee benefitsPrograms $152,538 · Management $100,743$253,281
IX-10 Payroll taxesPrograms $155,834 · Management $102,898$258,732
IX-11b Legal feesPrograms $24,228 · Management $117,124$141,352
IX-11c Accounting feesPrograms $5,025 · Management $24,294$29,319
IX-11g Other fees for servicesPrograms $1,205,974 · Management $29,253$1,235,227
IX-13 Office expensesPrograms $39,388 · Management $2,581$41,969
IX-16 OccupancyPrograms $153,105$153,105
IX-17 TravelPrograms $20,157 · Management $1,261$21,418
IX-19 Conferences, conventions and meetingsPrograms $36,501$36,501
IX-20 InterestPrograms $55,077$55,077
IX-22 Depreciation, depletion and amortizationPrograms $1,095,638$1,095,638
IX-24 Other expenses (24a–d)Programs $4,949,731 · Management $28,044$4,977,775
IX-24e All other expensesPrograms $86,508 · Management $1,440$87,948
IX-25 Total functional expensesPrograms $10,284,678 · Management $1,929,617 · Fundraising $0$12,214,295
Part X · Balance sheet $7,361,356 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,197,062$426,925
X-4 Accounts receivableStart of year $1,042,241$687,385
X-9 Prepaid expenses and deferred chargesStart of year $1,735,674$2,560,986
X-10c Land, buildings and equipment, netStart of year $3,713,491$3,363,669
X-14 Intangible assetsStart of year $443,493$297,391
X-15 Other assetsStart of year $25,000$25,000
X-16 Total assetsStart of year $8,156,961$7,361,356
X-17 Accounts payable and accrued expensesStart of year $1,460,858$858,166
X-19 Deferred revenueStart of year $333,425$670,379
X-25 Other liabilitiesStart of year $1,017,451$996,502
X-26 Total liabilitiesStart of year $4,313,867$4,334,649
X-27 Net assets without donor restrictionsStart of year $3,843,094$3,026,707
X-32 Total net assets or fund balancesStart of year $3,843,094$3,026,707
X-33 Total liabilities and net assetsStart of year $8,156,961$7,361,356
Part XI · Reconciliation of net assets $3,026,707 net assets at year end
XI-1 Total revenue$11,397,908
XI-2 Total expenses$12,214,295
XI-3 Revenue less expenses−$816,387
XI-4 Net assets at start of year$3,843,094
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,026,707

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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