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FIRST JERSEY CREDIT UNION

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Tax-exempt status may be revoked

FIRST JERSEY CREDIT UNION

EIN 22-0766924

What they do

The Credit Union Provides Financial Services to Qualified Members. - to Provide Lending, Savings, and Other Financial Services to Its Qualifying Members.

Before you give

Should I give to this charity?

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2016The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders15 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$167.34spent for every $100 of revenueSpending was higher than revenue this year.
$10.90in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $4,280,056 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $239,495 for CHRISTOPHER DAVIS (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2016

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$6,355,649
Expenses$10,635,705
Annual shortfall $4,280,056 Expenses were higher than revenue for this filing year.
See all reported dollar amounts
Revenue$6,355,649
Expenses$10,635,705
Assets$115,907,564
Stocks and bonds$9,372,021
Accounting fees$38,512
People

Leadership and board

Tax year 2016

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
CHRISTOPHER DAVISPRESIDENT · 40 hrs/week $239,495
JEFF MILLERVP · 40 hrs/week $146,883
PAUL PEREZVP · 40 hrs/week $145,519
DEBORAH GORDONVP OPERATIONS · 40 hrs/week $110,910
KEN KLEINMANNSVP FINANCE · 40 hrs/week $98,304
ALAN KATZSECRETARY · 1 hrs/week $3,200
W BRUCE GRYGUSCHAIRMAN · 1 hrs/week $2,500
DAVE BOLTONVICE CHAIRMAN · 1 hrs/week $1,200
MICHAEL DEMSKIDIRECTOR · 1 hrs/week $1,100
ANN SUSCREBAEXAMINING COMMITTEE CHAIR · 1 hrs/week $1,000
DONALD ROSSTREASURER · 1 hrs/week $900
DENISE MILLEREXAMINING COMMITTEE MEMBER · 1 hrs/week $800

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (15)

CHRISTOPHER DAVISPRESIDENT

JEFF MILLERVP

PAUL PEREZVP

DEBORAH GORDONVP OPERATIONS

KEN KLEINMANNSVP FINANCE

ALAN KATZSECRETARY

W BRUCE GRYGUSCHAIRMAN

DAVE BOLTONVICE CHAIRMAN

MICHAEL DEMSKIDIRECTOR

ANN SUSCREBAEXAMINING COMMITTEE CHAIR

DONALD ROSSTREASURER

DENISE MILLEREXAMINING COMMITTEE MEMBER

JOSEPH MURONEEXAMINING COMMITTEE MEMBER

DAISY VAN PELTDIRECTOR

ROBERTA HOAGDIRECTOR

About this charity

Location
1 Corporate Drive, Wayne, NJ 07470
County
Passaic
In care of
Ken Kleinmanns

How to reach them

Filing and classification

Latest tax year
2016
Tax period began
January 1, 2016
Revocation date
May 15, 2021

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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