GREATER NEWARK ENTERPRISES CORP

NEWARK, NJ, 07103 (973) 242-5563 Est. 2005 EIN 20-2247312
S43 - Small Business Development 990 - Public charity return 501(c)(3)
www.gnecorp.org

Mission

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.

Financials

Total Revenue
$2,311,849
Total Expenses
$1,993,336
Net Assets
$5,846,377
10 employees 35 volunteers
From latest filing (tax period ending 2025-12-31)

Financial Health

Operating Reserve
2.9 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 21.3%
Expenses ↑ 21.3%
Revenue Sources
Contributions 86.5% Earned revenue 11.2% Investment 2.3%
Expense Breakdown
Program 83.8% Management 11.1% Fundraising 5.1%

Officers & Key Employees (22)

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Grants Received (38)

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Filing History (8 filings)

YearRevenueExpensesNet Assets
2025 990 - Public charity return
Jan 1, 2025 to Dec 31, 2025
$2,311,849 ↓$1,993,336$5,846,377
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$2,936,594 ↑$1,643,469$5,527,864
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$1,635,461 ↓$1,793,174$4,234,740
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$2,347,648 ↓$1,442,466$4,392,453
2021 990 - Public charity return
Jan 1, 2021 to Dec 31, 2021
$2,856,521 ↑$856,674$3,487,271
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$1,569,077 ↑$637,344$1,487,424
2019 990 - Public charity return
Jan 1, 2019 to Dec 31, 2019
$459,547 ↓$616,036$555,691
2018 990 - Public charity return
Jan 1, 2018 to Dec 31, 2018
$816,699 $613,294$712,134

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EIN: 20-2247312 · Source: IRS Form 990 e-file data