TO WORK IN PARTNERSHIP TO MAKE NEWARK A BETTER, SAFER PLACE TO WORK, LIVE, LEARN, PLAY, AND DO BUSINESS.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.7M
+43.9% YoY
Revenue
$7.9M
+69.3% YoY
Net Investment Income
$206K
+510.3% YoY
Expenses
$5.6M
+28.7% YoY
About Newark Alliance INC
Based on IRS filings
Newark Alliance INC is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in NEWARK, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.7M in total assets. Net investment income was $206K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,708,782 | $6,051,783 | $5,683,238 |
| Revenue | $7,916,835 | $4,675,224 | $4,232,490 |
| Expenses | $5,598,491 | $4,351,314 | $2,929,765 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $206,014 | $33,755 | $2,647 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| EVAN WEISS | PRESIDENT/CFO | 40 | $288,397 |
| ASHLEY MAYS | DIRECTOR | 40 | $207,500 |
| KALEENA BERRYMAN | DIRECTOR | 40 | $179,167 |
| SIBUSISIWE MALABA | DIRECTOR | 40 | $163,769 |
| CATHERINE KLINGER KUTCHER | DIRECTOR | 40 | $145,273 |
| KIMBERLY BROWN | 40 | $105,500 | |
| Lata Reddy | Chairman | 5 | — |
| DENNIS M BONE | Trustee | 3 | — |
| JOHN SCHREIBER | Trustee | 3 | — |
| CHRISTOPHER JAMES | Trustee | 3 | — |
| RICHARD DUNN | Trustee | 3 | — |
| SUZANNE SPERO | Trustee | 3 | — |
| ARCELIO APONTE | Trustee | 3 | — |
| NEMIN JAYA | Trustee | 3 | — |
| ADENAH BAYOH | Trustee | 3 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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