NEWARK, NJ
Invest Newark
Quick Facts
- EIN
- 26-0829057
- Location
- NEWARK, NJ
- Category
- Community Development
- NTEE Code
- S30
- Total Assets
- $35.2M
- Annual Income
- $12.5M
- Annual Revenue
- $10.3M
- IRS Ruling Year
- 2008
- Tax Subsection
- 501(c)(03)
About This Organization
Invest Newark is a nonprofit organization based in NEWARK, NJ. It received its IRS tax-exempt ruling in 2008. The organization is classified under IRC Section 501(c)(03). It operates in the area of community development. Total assets are reported at $35.2M. Annual income is $12.5M. The organization has received $493K in foundation grants from 6 funders.
Grants Received from Foundations
Foundation grants awarded to Invest Newark, based on IRS 990-PF filings.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Prudential Foundation Inc. | $200K | 2023 | MEETING THE NEEDS OF NEWARK: IDENTIFYING OPPORTUNITY + TAKING ACTION |
| Prudential Foundation Inc. | $75K | 2023 | EQUITABLE INVESTMENTS IN NEWARK COMMUNITIES |
| Victoria Foundation Inc. | $75K | 2023 | TO SUPPORT, ALONG WITH PRUDENTIAL FOUNDATION, THE POSITION OF PROGRAM DIRECTOR NEEDED TO MANAGE THE NEIGHBORHOOD INVESTMENT INITIATIVE. THIS POSITION WILL BE WITHIN THE CITY OF NEWARK'S DEPARTMENT OF ECONOMIC AND HOUSING DEVELOPMENT |
| Victoria Foundation Inc. | $25K | 2023 | TO SUPPORT THE DEVELOPMENT AND TRAINING OF THE LAND BANK AND REAL ESTATE TEAM |
| Victoria Foundation Inc. | $10K | 2023 | TO SUPPORT COACHING AND PROFESSIONAL DEVELOPMENT FOR INVEST NEWARK'S PRESIDENT AND CEO |
| Devils Care Foundation Inc. | $5K | 2023 | UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. |
| Victoria Foundation Inc. | $75K | 2022 | TO SUPPORT, ALONG WITH PRUDENTIAL FOUNDATION, THE POSITION OF PROGRAM DIRECTOR NEEDED TO MANAGE THE NEIGHBORHOOD INVESTMENT INITIATIVE |
| Victoria Foundation Inc. | $20K | 2022 | TO ADDRESS THE FOLLOWING NEEDS OF NEWARK STREET ACADEMY STUDENTS: SOCIAL AND EMOTIONAL THERAPEUTIC SUPPORT AS WELL AS IT INSTRUCTION TO IMPROVE BASIC COMPUTER SKILLS AND VOCATIONAL PATHWAYS |
| Ansell Zaro Grimm & Aaronfoundation | $3K | 2022 | UNRESTRICTED |
| Pseg Foundation Inc. | $2K | 2022 | Camden Food Security Collective Backbone Funding |
| Pseg Foundation Inc. | $2K | 2022 | Camden Food Security Collective Backbone Funding |
| Russo Family Foundation Inc. | $1K | 2022 | TO SUPPORT NEWARK RESTAURANT WEEK PROGRAM. |
| Russo Family Foundation Inc. | $1K | 2022 | TO SUPPORT NEWARK RESTAURANT WEEK PROGRAM. |
Frequently Asked Questions
What does Invest Newark do?
Invest Newark is a nonprofit organization focused on community development, based in NEWARK, NJ. It is classified under IRC Section 501(c)(03).
Who funds Invest Newark?
Invest Newark has received foundation grants from Prudential Foundation Inc., Victoria Foundation Inc., Devils Care Foundation Inc., and others.
What is Invest Newark's annual revenue?
Invest Newark reports total assets of $35.2M. Annual income is $12.5M.
Where is Invest Newark located?
Invest Newark is located in NEWARK, NJ.
Is Invest Newark a 501(c)(3)?
Yes, Invest Newark is a 501(c)(3) tax-exempt organization. Its EIN is 26-0829057. Donations to this organization may be tax-deductible.
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