THE GREATER NEWARK ENTERPRISES CORPORATION (GNEC) MAKES LOANS AND INVESTMENTS IN PROGRAMS IN URBAN COMMUNITIES ENGAGED IN THE FOLLOWING WEALTH-CREATION STRATEGIES: PROVIDING FINANCIAL SERVICES, LOANS AND INVESTMENTS, OFFERING TRAINING AND MENTORING, INFORMATION AND REFERRAL SUPPORT. THE GNEC SEMINARS COVERS TAXES, MARKETING AND SALES, PURCHASING AND INVENTORY.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024
Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in New Jersey.
- Base
- $230k
- Bonus
- —
- Other
- —
- Benefits
- —
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Executive Director 75th to 90th percentile | $230k | — | — | — | $230k $248k |
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 15 unpaid individuals.
Browse compensation in Community Improvement & Capacity Building →
Top pay as a share of expenses
In 2024, the highest total compensation at GREATER NEWARK ENTERPRISES CORP equaled 14% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 4%
from 2023
From $220k in 2023 to $230k in 2024.
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.
Chief Executive Officer pay rose 4% from 2023 to 2024, while revenue rose 80%.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about GREATER NEWARK ENTERPRISES CORP
What does the Chief Executive Officer of GREATER NEWARK ENTERPRISES CORP earn?
In 2024, the Chief Executive Officer of GREATER NEWARK ENTERPRISES CORP received $229,583 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in New Jersey, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at GREATER NEWARK ENTERPRISES CORP 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 GREATER NEWARK ENTERPRISES CORP falls between the 75th and 90th percentiles. In 2024, the highest total compensation at GREATER NEWARK ENTERPRISES CORP equaled 14% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
What are GREATER NEWARK ENTERPRISES CORP's revenue and expenses?
In 2024, GREATER NEWARK ENTERPRISES CORP reported $2.9M in total revenue and $1.6M in total expenses on its IRS Form 990.
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