Nonprofit · EIN 22-3490986
NEW JERSEY CHAMBER OF COMMERCE FOUNDATION
Tax-exempt · TRENTON, NJ 08608
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $869,642 | $923,999 | -$54,357 | $958,336 | $227,010 | $731,326 |
| June 30, 2024 | 990 | $1,206,981 | $907,623 | $299,358 | $1,034,938 | $249,255 | $785,683 |
| June 30, 2023 | 990 | $1,011,722 | $716,038 | $295,684 | $715,842 | $229,517 | $486,325 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $774,495
- of which government grants
- $547,370
- Program service revenue
- $65,000
- Investment income
- $29,750
- Other revenue
- $397
Expenses
- Grants and similar amounts paid
- $3,663
- Compensation of officers, directors and key employees
- $473,449
- Other salaries and wages
- $93,358
- Salaries, compensation and benefits (total)
- $609,345
- Professional fundraising fees
- $0
- Accounting fees
- $28,903
- Occupancy
- $42,000
- Travel
- $26,103
- Program services (functional)
- $735,886
- Management and general (functional)
- $188,113
Balance sheet and other
- Total assets, start of year
- $1,034,938
- Total assets, end of year
- $958,336
- Total liabilities, end of year
- $227,010
- Net assets, end of year
- $731,326
- Net assets without donor restrictions
- $194,198
- Net assets with donor restrictions
- $537,128
- Gross receipts
- $869,642
- Employees
- 0
- Volunteers
- 135
- Year formed
- 1996
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| THOMAS BRACKEN | TREASURER Trustee or director, Officer | 0.5 | $0 | $503,025 | $25,430 |
| DONNA CUSTARD | PRESIDENT Officer | 40 | $0 | $160,060 | $27,586 |
| SANDRA GLOVER-STROTHERS | EXECUTIVE DIRECTOR, JAG NJ Officer | 40 | $0 | $118,955 | $29,053 |
| JENNIFER STEGERS | ACCOUNTING MANAGER Officer | 40 | $0 | $74,852 | $27,971 |
| DR ALI HOUSHMAND | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| WALTER J BRASCH CPA | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| LISA CHOWANSKY | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| GARY C DAHMS | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| SAMUEL L DONELSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| WILLIAM R HAGAMAN JR CPA | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| KIM HANEMANN | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| STEVE KLEIN | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| CHRISTOPHER M LEPRE | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| GIL MEDINA | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| DOUG MOKOID | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRAXTON PLUMMER | TRUSTEE Trustee or director | 0.5 | $0 |
| MIKE REAGAN | TRUSTEE (UNTIL JUNE 2025) Trustee or director | 0.5 | $0 |
| DR STEVEN M ROSE | TRUSTEE (UNTIL JUNE 2025) Trustee or director | 0.5 | $0 |
| DENNIS M TOFT | TRUSTEE Trustee or director | 0.5 | $0 |
| DIANE WASSER | TRUSTEE Trustee or director | 0.5 | $0 |
| DENNIS G WILSON | TRUSTEE (UNTIL JUNE 2025) Trustee or director | 0.5 | $0 |
| TED ZANGARI ESQ | TRUSTEE Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| THOMAS BRACKEN | TREASURER Trustee or director, Officer | 0.5 | $0 | $558,200 | $22,912 |
| DONNA CUSTARD | PRESIDENT Officer | 40 | $0 | $147,552 | $24,739 |
| SANDRA GLOVER-STROTHERS | EXECUTIVE DIRECTOR, JAG NJ Officer | 40 | $0 | $108,688 | $26,202 |
| JENNIFER STEGERS | ACCOUNTING MANAGER Officer | 40 | $0 | $62,398 | $29,041 |
| DR STEVEN M ROSE | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| WALTER J BRASCH CPA | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| LISA CHOWANSKY | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| GARY C DAHMS | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| SAMUEL L DONELSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| DOUG MOKOID | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| WILLIAM R HAGAMAN JR CPA | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| CHRISTOPHER M LEPRE | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| GIL MEDINA | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| BRAXTON PLUMMER | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| MIKE REAGAN | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| DENNIS M TOFT | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| DIANE WASSER | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| DENNIS G WILSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| TED ZANGARI ESQ | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| THOMAS BRACKEN | TREASURER Trustee or director, Officer | 0.5 | $0 | $567,435 | $20,408 |
| DONNA CUSTARD | PRESIDENT Officer | 40 | $0 | $144,132 | $22,474 |
| SANDRA GLOVER-STROTHERS | EXECUTIVE DIRECTOR, JAG NJ Officer | 40 | $0 | $106,170 | $23,563 |
| JENNIFER STEGERS | ACCOUNTING MANAGER Officer | 40 | $0 | $56,334 | $30,124 |
| DR STEVEN M ROSE | CHAIRMAN Trustee or director | 0.5 | $0 | $0 | $0 |
| WALTER J BRASCH CPA | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| LISA CHOWANSKY | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| GARY C DAHMS | TRUSTEE Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| SAMUEL L DONELSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| JAMES V FAKULT | TRUSTEE Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| WILLIAM R HAGAMAN JR CPA | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| CHRISTOPHER M LEPRE | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| GIL MEDINA | TRUSTEE Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| BRAXTON PLUMMER | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| MIKE REAGAN | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| DENNIS M TOFT | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| DIANE WASSER | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| DENNIS G WILSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| TED ZANGARI ESQ | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 216 WEST STATE STREET 3RD FL, TRENTON, NJ 08608-1002
- Principal officer (990 for 2024)
- DONNA CUSTARD, 216 WEST STATE STREET 3RD FL, TRENTON, NJ 08608
- Signed the 990
- DONNA CUSTARD, PRESIDENT
- Phone
- (609) 989-7888
- Website
- WWW.NJCHAMBERFOUNDATION.ORG
- Return prepared by
- MERCADIEN PC
Mission
THE FOUNDATION'S MISSION IS TO SUPPORT CURRENT AND FUTURE MEMBERS OF THE WORKFORCE IN BECOMING GLOBALLY COMPETITIVE, SUCCESSFUL MEMBERS OF SOCIETY AND TO FUEL NEW JERSEY'S ECONOMY BY SUSTAINING A QUALIFIED WORKFORCE.
Program accomplishments
- JAG JOBS FOR AMERICA'S GRADUATES NEW JERSEY (JAG NJ) IS THE STATE AFFILIATE OF THE NATIONAL JOBS FOR AMERICA'S GRADUATES INITIATIVE, A STATE-BASED NONPROFIT DEDICATED TO HELPING YOUTH OF GREAT PROMISE STAY ON TRACK AND COMPLETE HIGH SCHOOL. THE PROGRAM SERVES HIGH SCHOOL STUDENTS WHO EXPERIENCE MULTIPLE ACADEMIC, ENVIRONMENTAL, PHYSICAL, PSYCHOLOGICAL, INCOME, OR WORK-RELATED BARRIERS, AND PROVIDES REAL-WORLD LEARNING EXPERIENCES THAT SHOW HOW STAYING IN SCHOOL AND EARNING A DIPLOMA CAN EXPAND THEIR OPPORTUNITIES. JAG NJ'S GOAL IS TO ENSURE THAT PARTICIPATING STUDENTS GRADUATE PREPARED FOR POST-SECONDARY EDUCATION, MILITARY SERVICE, OR THE WORKFORCE, ENABLING THEM TO BUILD MEANINGFUL CAREERS AND POSITIVELY CONTRIBUTE TO THEIR COMMUNITIES.FOR THE 2024-25 ACADEMIC YEAR, THE NEW JERSEY CHAMBER OF COMMERCE FOUNDATION (NJCCF) IMPLEMENTED 18 JAG NJ PROGRAMS ACROSS CAMDEN, LITTLE EGG HARBOR, NEW BRUNSWICK, NEWARK, PASSAIC, PLAINFIELD, RAHWAY, VINELAND, WILLINGBORO, AND WOODBURY.Expenses $735,886 · grants $3,663 · revenue $65,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-3490986
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $958,336
- Income (IRS master file)
- $869,642
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $869,642 | $923,999 | $958,336 | XML |
| 990 | June 2024 | $1,206,981 | $907,623 | $1,034,938 | XML |
| 990 | June 2023 | $1,011,722 | $716,038 | $715,842 | XML |
| 990 | June 2022 | $381,053 | $430,066 | $380,210 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-3490986).
Questions about NEW JERSEY CHAMBER OF COMMERCE FOUNDATION
- What is the EIN of NEW JERSEY CHAMBER OF COMMERCE FOUNDATION?
- The employer identification number (EIN) of NEW JERSEY CHAMBER OF COMMERCE FOUNDATION is 22-3490986.
- Is NEW JERSEY CHAMBER OF COMMERCE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to NEW JERSEY CHAMBER OF COMMERCE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW JERSEY CHAMBER OF COMMERCE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW JERSEY CHAMBER OF COMMERCE FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW JERSEY CHAMBER OF COMMERCE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEW JERSEY CHAMBER OF COMMERCE FOUNDATION?
- The 990 for the year ended June 30, 2025 names DONNA CUSTARD.
- Who are the officers and directors of NEW JERSEY CHAMBER OF COMMERCE FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 22 people; 0 received compensation from the organization.
- How much revenue does NEW JERSEY CHAMBER OF COMMERCE FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $869,642, expenses of $923,999 and total assets of $958,336 at year end.
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