From public IRS filings
GREATER NEWARK ENTERPRISES CORPORATION
NEWARK, NJ · Community Improvement
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 (IRS Form 990)
Total revenue
$2.9M
Total expenses
$1.6M
Total assets
$7.1M
Program expense ratio
82%
Source: IRS Form 990, tax year 2024.
Who funds GREATER NEWARK ENTERPRISES CORPORATION
$3.8M in foundation grants on record from 14 funders — matched from IRS 990 grant line items. Some matches may be approximate.
| Funder | Total given | Grants |
|---|---|---|
| Prudential Foundation | $2.2M | 4 |
| Citi Foundation | $400K | 1 |
| Local Initiatives Support | $379K | 1 |
| Blackbaud Giving Fund | $300K | 3 |
| Opportunity Finance Network | $200K | 1 |
| Jpmorgan Chase Foundation | $100K | 1 |
| Victoria Foundation | $70K | 4 |
| Wells Fargo Foundation | $70K | 2 |
| Community Loan Fund of New Jersey | $50K | 1 |
| United Way of Essex & West Hudson D/B/A United Way of Greater Newark | $30K | 1 |
Leadership
JOHN SUWATSON — Secretary (Principal officer)
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