Newark Workforce Development Board INC FY2021 filing
Develops workforce programs and policies to boost Newark businesses and residents. For fiscal year 2021 it reported $918K in revenue, $561K in expenses, and $725K in net assets.Pt I
- Founded
- 2002
- Type
- Public charity (501(c)(3)) · Youth Development
- Location
- Newark, NJ
- Website
- nlwdb.org
- Filings
- 5 on file (2020–2021)
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Summary of the Filing
Where the work happens
Identify the needs of the local job markets and leverage community assets to ensure the educational, professional and economic success of newark residents and businesses. Work in conjunction with economic development and related organizations to promote economic growth and integrate publicly funded workforce services and job training…
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Karen Gaylord’s $128K as Executive Direcor is at the 50th percentile of top reported officer pay among 1548 $1–10M youth development 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 · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Karen Gaylord | — | — | $118,718 | $87,347 |
| Karen Gaylord | $41,095 | $41,095 | — | — |
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
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 93% | — | — |
| Overhead ratio | 7% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | 76% | — | — |
| Accounting fee ratio | 9% | — | — |
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
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Filings & Schedule Manifest
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Sources
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