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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building Greater Newark Enterprises Corp.

Greater Newark Enterprises Corp.

Fiscal year ending 2024. Filed on July 9, 2025.

211 Warren Street 423
Newark, New Jersey 07103

Greater Newark Enterprises Corp. (EIN: 20-2247312) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Greater Newark Enterprises Corp., a 501(c)(3) charitable organization, reported compensation for 1 out of 7 total employees. Among the employees shown here, the average compensation is $229,583. The highest compensated employee at Greater Newark Enterprises Corp. is Victor Salama with fiscal year 2024 compensation of $229,583.

Revenue, expenses, and employee compensation

Revenue

$2,936,594

Expenses

$1,643,469

Employee compensation

$778,509
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Victor Salama
Executive Director
$229,583
$229,583 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Amit Airen
Trustee
Avi Telyas
Treasurer
Carlton West
Trustee
Chris Murphy
Trustee
Dominick Belfore
Trustee
Glenn Carroll
Trustee
Gustavo Abreu
Trustee
John Suwatson
Secretary
Judith Sheft
Chair
Julian Ibanez
Trustee
Katerina Zacharia
Trustee
Ken Bland
Trustee

Contractors

Capital Source Associates
Consulting
$182,000

Mission Statement

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.

Revisions to this organization profile

July 9, 2025:
2024 Greater Newark Enterprises Corp. 990 filed
June 28, 2024:
2023 Greater Newark Enterprises Corp. 990 filed
November 15, 2023:
2022 Greater Newark Enterprises Corp. 990 filed

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