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Filing year 2023

Newark Workforce Development Board Inc

Newark, New Jersey·EIN 22-3784963·NTEE O02 · Youth Development·501(c)(3)
Total revenue
$1.8M
Total assets
$1.2M
Total expenses
$1.7M
Reported officers
35
Mission

To lead amd empoer the Newark Workforce system by leveraging assets amd resources to ensore the educational and professional and economic success of Newark residents and the prosperity of its businesses. Provides oversight of workforce Investment Act funds and Newark One Stop Center

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at Youth Development organizations nationwide.

Executive Direcor
Former Officer/director/trustee
Median to 75th percentile
$128k
$143k
Base
$128k
Bonus
Other
Benefits

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 34 unpaid individuals.

Browse compensation in Youth Development

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at Newark Workforce Development Board Inc equaled 8% of the organization's total expenses. The median for youth development organizations is 11%.

This organization (2023)
8%
Sector median
11%
Middle half of sector
5% to 21%

Based on 5,229 youth development organizations, each measured at its most recent filing year with reported expenses and compensation.

Climbed 8%
over 2 years

From $119k in 2021 to $128k in 2023.

$119k
2021
$41k
2022
$128k
2023
In today's dollarsEst.
Down 2% in real terms$147k to $143k

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 fell 65% from 2021 to 2022, while revenue rose 17%.

$119k in 2021 to $41k in 2022.

Pay for the position itself, not any one person. The officeholder may have changed between 2021 and 2022.

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 Newark Workforce Development Board Inc

What does the Former Officer/director/trustee of Newark Workforce Development Board Inc earn?

In 2023, the Former Officer/director/trustee of Newark Workforce Development Board Inc received $127,678 in total compensation. This pay is above the median (the midpoint) for Former Officer/director/trustee roles among Youth Development organizations nationwide, within the top half of comparable filings. Based on IRS Form 990 data.

How does Former Officer/director/trustee pay at Newark Workforce Development Board Inc compare with similar nonprofits?

Compared with the same role at Youth Development organizations nationwide, the 2023 pay of the Former Officer/director/trustee at Newark Workforce Development Board Inc falls between the median and the 75th percentile. In 2023, the highest total compensation at Newark Workforce Development Board Inc equaled 8% of the organization's total expenses. The median for youth development organizations is 11%.

What are Newark Workforce Development Board Inc's revenue and expenses?

In 2023, Newark Workforce Development Board Inc reported $1.8M in total revenue and $1.7M in total expenses on its IRS Form 990.

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