New Jersey Chamber of Commerce Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THE FOUNDATION'S MISSION IS TO SUPPORT CURRENT AND FUTURE MEMBERS OF THE WORKFORCE IN BECOMING GLOBALLY COMPETITIVE, SUCCESSFUL MEMBERS OF SOCIETY AND TO FUEL NEW JERSEY'S ECONOMY BY SUSTAINING A QUALIFIED WORKFORCE.
- Income
- $869,642
- Spending
- $923,999
- Spent on programs
- 80%
- Reserves
- 2.5 months of spending
- Largest source of income
- government grants, 63%
- Employees
- 0
- Volunteers
- 135
- Highest pay
- $528,455, treasurer
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 45 out of 100. Higher than 14% of charities in its peer group (community improvement, $250k to $1m).
Reserves
10 of 35Spendable reserves would cover 2.5 months of spending.
Debt
16 of 20It owes 24% of what it owns.
Living within its means
4 of 15Spending exceeded income by 6% of income.
Income trend
0 of 15Income fell 28% on the year before.
Spending floor
15 of 1580% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 92% of charities in its peer group (community improvement, $250k to $1m).
Independent board
25 of 2515 of 16 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $735,886 spent. JAG JOBS FOR AMERICA'S GRADUATES NEW JERSEY (JAG NJ) IS THE STATE AFFILIATE OF THE NATIONAL JOBS FOR AMERICA'S GRADUATES INITIATIVE, A STATE-BASED NONPROFIT DEDICATED TO HELPING YOUTH OF GREAT PROMISE STAY ON TRACK AND COMPLETE HIGH SCHOOL. THE PROGRAM SERVES HIGH SCHOOL STUDENTS WHO EXPERIENCE MULTIPLE ACADEMIC, ENVIRONMENTAL, PHYSICAL, PSYCHOLOGICAL, INCOME, OR WORK-RELATED BARRIERS, AND PROVIDES REAL-WORLD LEARNING EXPERIENCES THAT SHOW HOW STAYING IN SCHOOL AND EARNING A DIPLOMA CAN EXPAND THEIR OPPORTUNITIES. JAG NJ'S GOAL IS TO ENSURE THAT PARTICIPATING STUDENTS GRADUATE PREPARED FOR POST-SECONDARY EDUCATION, MILITARY SERVICE, OR THE WORKFORCE, ENABLING THEM TO BUILD MEANINGFUL CAREERS AND POSITIVELY CONTRIBUTE TO THEIR COMMUNITIES.FOR THE 2024-25 ACADEMIC YEAR, THE NEW JERSEY CHAMBER OF COMMERCE FOUNDATION (NJCCF) IMPLEMENTED 18 JAG NJ PROGRAMS ACROSS CAMDEN, LITTLE EGG HARBOR, NEW BRUNSWICK, NEWARK, PASSAIC, PLAINFIELD, RAHWAY, VINELAND, WILLINGBORO, AND WOODBURY.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since August 1997.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Could it be confused with another charity? Worth knowing.
A much larger organization has a similar name: Community Foundation of New Jersey (Morristown, NJ), EIN 22-2281783. If that is the one you meant, check the EIN before giving.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.