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Ironbound Community Corporation

Newark, NJ · EIN 22-1916086 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending August 31, 2025 (tax year 2024) · View the filing · Correct or respond

Ironbound Community Corporation reported $12.0 million in revenue and $10.6 million in expenses for the fiscal year ending August 31, 2025. Of every $100 it spent, $89.08 went to program services, $8.76 to management and general costs and $2.16 to fundraising. Its largest source of revenue was contributions and grants: 95.8% of the total. Government grants made up 65.9%. The highest compensation it reported for one person was $200,638 (CEO). 4 people received more than $100,000 in reportable compensation. Revenue rose 45% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending August 31, 2025 · Form 990, Part IX, line 25 · total expenses $11M

For context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending August 31, 2025 · Form 990, Part VIII · total revenue $12M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 2,433 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
89.1%86.7%
Management & general
Part IX 25(C) ÷ 25(A)
8.8%11.5%
Fundraising
Part IX 25(D) ÷ 25(A)
2.2%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.02$0.01
Contributions & grants share of revenue
Part VIII 1h ÷ 12
95.8%29.9%
Government grants share of revenue
Part VIII 1e ÷ 12
65.9%3.8%
Program service revenue share
Part VIII 2g ÷ 12
1.8%58.9%
Highest reported compensation
Part VII-A, columns D–F
$200,638$301,601
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.89%1.38%
People paid over $100,000
Part VII, line 2
46
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
22.56.8
Independent voting board members
Part VI 1a–1b
9 of 9100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$3.2M expenses · 33.5% of program spending · grants $7,916 · revenue $212K

The preschool program is NAEYC accredited and provides developmentally appropriate and enriching care and education for 150 preschoolers, 75 three year olds and 75 four year olds. Our early childhood program is in contract with Newark Public Schools (NPS) and Administration for Children and Families (ACF). The program employs a health and nutrition coordinator and a family and community engagement manager who provide comprehensive services to children and families

$1.6M expenses · 17.4% of program spending · grants $436

Early Head Start serves 4 families who are pregnant, 12 families who have children up to 3 years of age at home, and 56 children 0-3 years at the center. Both in the home-based and center-based components, the staff helps parents with the changes and needs of their family that come along with having a small child, and the parent learns ways to help their child meet all milestones, including helping the family ensure the child is healthy, developmentally on target, and ready for the world. School readiness, is a major component of the Early Head Start program

$1.8M expenses · 18.8% of program spending · grants $406K

Family Success Centers, emphasizing "family strengthening," which is a prevention-based strategy that partners professional staff with families as they reach towards their goals. The program provides a range of services to support and strengthen families. Community members look to the Family Success Center in times of need, for community celebration, and for access to opportunity. Advocates for affordable housing, public health, safe streets, and immigrant rights within the community it serves. The advocacy and organizing department strives to build a community that is safe, healthy, just…

$2.9M all other programs (line 4d)

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CEO
Officer, 40.0 hrs/week
$191,045$0$9,593$200,638
SPECIAL PROJECTS TO CEO
Highest compensated employee, 40.0 hrs/week
$140,750$0$0$140,750
DEP. DIR. ORG/ADV (THRU 12/24)
Highest compensated employee, 40.0 hrs/week
$137,678$0$0$137,678
DIR. OPER, ADV&ORG (THRU 1/25)
Highest compensated employee, 40.0 hrs/week
$114,215$0$3,354$117,569
CFO
Officer, 40.0 hrs/week
$79,743$0$7,323$87,066

4 people received more than $100,000 in reportable compensation from Ironbound Community Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $356K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20MFY2020FY2021FY2022FY2023FY2024FY2025$12M$11M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$12M$11M89.1%$20M$200,638
FY2024 ⓘ$11M$9.7M91.4%$18M$170,039
FY2023 ⓘ$11M$9.9M93.3%$17M$166,014
FY2022 (amended) ⓘ$10M$9.1M92.8%$16M$145,393
FY2021 ⓘ$9.4M$7.6M93.2%$15M$142,713
FY2020 ⓘ$8.3M$7.7M89.7%$13M$133,072

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b9 · 9 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14No
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5179
  • Volunteers Part I, line 6110

Private foundation grants it received

13 private foundations reported grants to Ironbound Community Corporation totaling $1.4M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Ironbound Community Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Ironbound Community Corporation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All unclassified charities · Largest charities in New Jersey

Questions people ask

How much of Ironbound Community Corporation's spending goes to programs?

In the fiscal year ending August 31, 2025, Ironbound Community Corporation reported that 89.1% of its $10.6 million in expenses went to program services, 8.8% to management and general and 2.2% to fundraising (Form 990, Part IX).

How much does Ironbound Community Corporation pay its top executive?

The largest total compensation Ironbound Community Corporation reported for one person in the fiscal year ending August 31, 2025 was $200,638, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Ironbound Community Corporation get its money?

Of $12.0 million in revenue in the fiscal year ending August 31, 2025, 95.8% came from contributions and grants (including 65.9% from government grants) and 1.8% from program service revenue (Form 990, Part VIII).

Is Ironbound Community Corporation a registered charity?

The IRS lists EIN 22-1916086 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending August 31, 2025, object 202621979349301112 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending August 31, 2024, object 202511969349301756 · read the filing
  • FY2023: Form 990 for the fiscal year ending August 31, 2023, object 202421939349302102 · read the filing
  • FY2022: Form 990 for the fiscal year ending August 31, 2022 (amended), object 202302839349301325 · read the filing
  • FY2021: Form 990 for the fiscal year ending August 31, 2021, object 202201959349301860 · read the filing
  • FY2020: Form 990 for the fiscal year ending August 31, 2020, object 202111979349300411 · read the filing

All filings for EIN 22-1916086: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.