New Jersey Shares
New Jersey Shares reported $14.6 million in revenue and $15.2 million in expenses for calendar year 2024. Of every $100 it spent, $91.06 went to program services, $7.18 to management and general costs and $1.76 to fundraising. Its largest source of revenue was contributions and grants: 86.0% of the total. Government grants made up 82.2%. The highest compensation it reported for one person was $376,595 (CHIEF EXECUTIVE OFFICER). 3 people received more than $100,000 in reportable compensation. Revenue rose 965% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $15MFor context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $15MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 91.1% | 87.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.2% | 11.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.8% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 86.0% | 20.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 82.2% | 2.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 12.2% | 70.8% |
| Highest reported compensation Part VII-A, columns D–F | $376,595 | $274,992 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.47% | 1.18% |
| People paid over $100,000 Part VII, line 2 | 3 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 0.7 | 6.9 |
| Independent voting board members Part VI 1a–1b | 21 of 21 | 100.0% |
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
2024 · Form 990, Part III · the three largest programs by expenseNj smart program - providing assistance grants to eligible New Jersey residents who are facing housing instability to help lessen the burden on limited income households. Nj shares smart utility assistance program - assisting income qualified New Jersey households who are in a temporary financial crisis and either do not qualify for federal or state utility assistance programs or have received benefits from these federal and state utility assistance programs and are still in need of electric and/or gas payment assistance
Page program - assisting income qualified New Jersey households who are in a temporary financial crisis and in need of electric and/or gas payment assistance
Provide statewide heating assistance and referrals for energy services, water bill payment assistance to individuals and families living in New Jersey who are in need of temporary help in paying their energy bills and outreach and enrollment services for the verizon communications lifeline
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Officer, 40.00 hrs/week | $347,343 | $0 | $29,252 | $376,595 |
| DIRECTOR OF FINANCE Officer, 40.00 hrs/week | $229,905 | $0 | $32,715 | $262,620 |
| ASSISTANT DIRECTOR Highest compensated employee, 40.00 hrs/week | $111,015 | $0 | $4,035 | $115,050 |
3 people received more than $100,000 in reportable compensation from New Jersey Shares (Part VII, line 2). Compensation of current officers, directors and key employees totaled $604K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · 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–1b21 · 21 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- 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 535
- Volunteers Part I, line 621
Private foundation grants it received
3 private foundations reported grants to New Jersey Shares totaling $1,263 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 New Jersey Shares's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for New Jersey Shares, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 New Jersey Shares spent in 2024, $91.06 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Chinese Mutual Aid AssociationChicago, IL · revenue $15M · programs 88.8% · FY2025
- Family Service Association of LincolnLincoln, NE · revenue $15M · programs 90.3% · 2025
- Williamson-Burnet County OpportunitiesGeorgetown, TX · revenue $15M · programs 82.7% · FY2025
- Audubon Retirement VillageNew Orleans, LA · revenue $15M · programs 100.0% · 2024
- Church of Christ Home for the AgedClinton Township, MI · revenue $15M · programs 89.4% · 2024
All human services charities · Largest charities in New Jersey
Questions people ask
How much of New Jersey Shares's spending goes to programs?
In calendar year 2024, New Jersey Shares reported that 91.1% of its $15.2 million in expenses went to program services, 7.2% to management and general and 1.8% to fundraising (Form 990, Part IX).
How much does New Jersey Shares pay its top executive?
The largest total compensation New Jersey Shares reported for one person in calendar year 2024 was $376,595, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does New Jersey Shares get its money?
Of $14.6 million in revenue in calendar year 2024, 86.0% came from contributions and grants (including 82.2% from government grants) and 12.2% from program service revenue (Form 990, Part VIII).
Is New Jersey Shares a registered charity?
The IRS lists EIN 22-3564398 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
- 2024: Form 990 for calendar year 2024, object 202523219349314442 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443129349303229 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323119349301032 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243189349310644 · read the filing
- 2020: Form 990 for calendar year 2020, object 202112869349301676 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033109349302163 · read the filing
All filings for EIN 22-3564398: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.