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Filing year 2024

CHOOSE NEW JERSEY INC

Newark, New Jersey·EIN 27-2903875·NTEE S30 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$20.9M
Total assets
$8.2M
Total expenses
$21.1M
Reported officers
35
Mission

CHOOSE NEW JERSEY IS A PRIVATELY FUNDED 501 C(3) ECONOMIC DEVELOPMENT ORGANIZATION WITH A MISSION TO STIMULATE JOB CREATION AND ATTRACT CAPITAL INVESTMENT TO NEW JERSEY. CHOOSE NEW JERSEY MARKETS NEW JERSEY BOTH DOMESTICALLY AND INTERNATIONALLY AS THE BEST PLACE TO GROW A BUSINESS IN THE UNITED STATES. KNOWLEDGEABLE, EXPERIENCED STAFF, SUPPORTED BY A NETWORK OF STATE AGENCIES AND PRIVATE PARTNERS, PROVIDE FREE, CONFIDENTIAL ASSITSANCE TO GUIDE COMPANIES IN ESTABLISHING OPERATIONS IN NEW JERSEY. BY HARNESSING THE POWER OF BUSINESS,LABOR, ACADEMIC, AND GOVERNMENT LEADERS, CHOOSE NEW JERSEY ENABLES GROWTH ACROSS ALL SECTORS OF THE STATE'S ECONOMY, ASPIRING TO BUILD A STRONGER AND MORE PROSPEROUS NEW JERSEY FOR ALL.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 7 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations nationwide.

President and CEO
Above 90th percentilevs Community Improvement & Capacity Building peers in New Jersey
$564k
$610k
Base
$330k
Bonus
$200k
Other
Benefits
$29k
Chief Administrative Officer
Key Employee
Median to 75th percentile
$217k
$235k
Base
$175k
Bonus
$13k
Other
Benefits
$24k
Chief Business Development Officer
75th to 90th percentile
$207k
$224k
Base
$173k
Bonus
$10k
Other
Benefits
$18k
Director of Marketing
Director (Operational)
75th to 90th percentile
$173k
$187k
Base
$144k
Bonus
$12k
Other
Benefits
$13k
Director of Research & Strategic Partnerships
Highest Compensated Employee
Median to 75th percentile
$159k
$172k
Base
$116k
Bonus
$7k
Other
Benefits
$32k
Director of Development
Median to 75th percentile
$144k
$156k
Finance Manager
Median to 75th percentilevs all sectors nationwide
$140k
$152k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 28 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at CHOOSE NEW JERSEY INC equaled 3% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2024)
3%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 9%
from 2023

From $516k in 2023 to $564k in 2024.

$516k
2023
$564k
2024
In today's dollarsEst.
Up 5% in real terms$579k to $610k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 9% from 2023 to 2024, while revenue rose 58%.

$516k in 2023 to $564k in 2024.
  • Key Employee pay rose 5% from 2023 to 2024.
  • Chief Development Officer pay rose 5% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about CHOOSE NEW JERSEY INC

What does the Chief Executive Officer of CHOOSE NEW JERSEY INC earn?

In 2024, the Chief Executive Officer of CHOOSE NEW JERSEY INC received $564,180 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in New Jersey: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at CHOOSE NEW JERSEY INC compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in New Jersey, the 2024 pay of the Chief Executive Officer at CHOOSE NEW JERSEY INC falls in the top 10%. In 2024, the highest total compensation at CHOOSE NEW JERSEY INC equaled 3% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are CHOOSE NEW JERSEY INC's revenue and expenses?

In 2024, CHOOSE NEW JERSEY INC reported $20.9M in total revenue and $21.1M in total expenses on its IRS Form 990.

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