2024-05-15T16:11:11-05:00 2023-06-30 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2022-07-01 300205474 ARC FOUNDATION OF SOMERSET COUNTY INC ARCF 9082526653 141 SOUTH MAIN STREET MANVILLE NJ 08835 CHRISTOPHER CORVINO EXECUTIVE DIRECTOR 9082526653 2024-05-15 1 CHRISTOPHER CORVINO 999009999 0 ANTHONY RISPOLI P02467381 9733281825 2024-05-15 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRISTOPHER CORVINO 141 SOUTH MAIN STREET MANVILLE NJ 08835 442007 0 X WWW.THEARCOFSOMERSET.ORG X 1999 NJ THE ARC FOUNDATION OF SOMERSET COUNTY IS DEDICATED TO ENHANCING THE QUALITY OF LIFE AND EXPANDING PROGRAMS AND SERVICES FOR INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES THROUGH THE PROCUREMENT OF GRANTS, FUNDRAISING, AWARENESS, EDUCATION, AND PUBLIC RELATIONS ACTIVITIES. THE VISION OF THE ARC FOUNDATION OF SOMERSET COUNTY IS TO ENSURE THE FINANCIAL VIABILITY OF THE ARC OF SOMERSET COUNTY'S PROGRAMS WHICH SUPPORT LIFETIME ACHIEVEMENT AND SUCCESS TO EACH OF THE INDIVIDUALS SERVED. 8 7 0 25 0 0 581452 335005 0 0 12533 15353 -15275 0 578710 350358 0 1944456 0 0 103068 50759 0 0 0 151304 168568 254372 2163783 324338 -1813425 2352282 995654 23468 453929 2328814 541725 X THE ARC FOUNDATION OF SOMERSET COUNTY IS DEDICATED TO ENHANCING THE QUALITY OF LIFE AND EXPANDING PROGRAMS AND SERVICES FOR INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES THROUGH THE PROCUREMENT OF GRANTS, FUNDRAISING, AWARENESS, EDUCATION, AND PUBLIC RELATIONS ACTIVITIES. THE VISION OF THE ARC FOUNDATION OF SOMERSET COUNTY IS TO ENSURE THE FINANCIAL VIABILITY OF THE ARC OF SOMERSET COUNTY'S PROGRAMS WHICH SUPPORT LIFETIME ACHIEVEMENT AND SUCCESS TO EACH OF THE INDIVIDUALS SERVED. 0 0 2163783 1944456 PROMOTE AND SUPPORT THE INTERESTS AND PURPOSES OF THE ARC OF SOMERSET COUNTY. 2163783 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X X CHRISTOPHER CORVINO 9087258544 141 SOUTH MAIN STREET MANVILLE NJ 08835 MATTHEW ADAMS PRESIDENT 1.00 X X 0 0 0 VINCENT LOMBRADO VICE PRESIDENT 1.00 X X 0 0 0 MARK MCDONOUGH TREASURER 1.00 X X 0 0 0 CHRISTOPHER CORVINO SECRETARY/EXECUTIVE DIRECTOR 1.00 X X 0 116331 58553 ROBERT BERINGER MEMBER 1.00 X 0 0 0 PATRICIA CARLSON MEMBER 1.00 X 0 0 0 MIKE DEBIASI MEMBER 1.00 X 0 0 0 SANDEE MILLER MEMBER 1.00 X 0 56185 29086 0 172516 87639 0 0 1 0 0 56182 278823 335005 16019 16019 54499 55165 -666 -666 -666 36484 56182 36484 0 350358 0 0 15353 1944456 1944456 41821 41821 1939 1939 2381 2381 4618 4618 2200 2200 32622 32622 1852 1852 20345 20345 129 129 5195 5195 TUITION EXPENSES 84017 84017 MANAGEMENT EXPENSES 9407 9407 CAPITAL CAMPAIGN EXPENS 6850 6850 MEMBERSHIP DUES 3162 3162 2789 2789 2163783 2163783 0 0 383957 432231 10520 500 529963 562923 1427842 0 2352282 995654 12987 453899 10481 30 23468 453929 X 2098678 541725 230136 0 2328814 541725 2352282 995654 -1813425 26336 0 X X 0 1 X 1 0 X 652359 663115 417876 581452 335005 2649807 652359 663115 417876 581452 335005 2649807 370130 2279677 22271 21274 11363 10175 16019 81102 28507 3541 32048 2762957 0.82510 0.78490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 OTHER SECURITIES 562923 C 562923 X 376694 26336 26336 350358 0 350358 2163783 0 2163783 0 2163783 PART X, LINE 2: THE ORGANIZATION IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NONPROFIT ORGANIZATIONS UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND IS THEREBY EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501 (A) OF THE CODE. THE ORGANIZATION IS ALSO EXEMPT UNDER TITLE 15 OF THE STATE OF NEW JERSEY CORPORATIONS AND ASSOCIATIONS NOT FOR PROFIT ACT. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN PRESENTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION FOLLOWS THE PROVISIONS OF FASB ASC, INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION AS THEY RELATE TO THOSE POSITIONS. THE ORGANIZATION DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE FISCAL YEAR ENDED JUNE 30, 2023. HOWEVER, THE ORGANIZATION IS SUBJECT TO REGULAR AUDIT BY TAX AUTHORITIES, INCLUDING A REVIEW OF ITS NONPROFIT STATUS, WHICH MANAGEMENT BELIEVES WOULD BE UPHELD UPON EXAMINATION. THE ORGANIZATION ALSO BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED FOR EACH YEAR. AS REQUIRED BY LAW, THE ORGANIZATION FILES INFORMATIONAL RETURNS WITH BOTH FEDERAL AND NEW JERSEY STATE AUTHORITIES ON AN ANNUAL BASIS. THESE RETURNS ARE SUBJECT TO EXAMINATION BY THESE AUTHORITIES WITHIN CERTAIN STATUTORILY DEFINED PERIODS FOR FEDERAL AND FOR NEW JERSEY STATE. GOLF EVENT 74215 46509 27706 27706 ARC WALK 17601 9839 7762 7762 91816 56348 35468 35468 35468 0 0 THE ARC OF SOMERSET COUNTY INC 141 SOUTH MAIN STREET MANVILLE NJ 08835 221968555 501(C)(3) 1944456 0 OPERATIONS 0 0 0 0 0 0 0 0 0 CHRISTOPHER CORVINO SECRETARY/EXECUTIVE DIRECTOR 0 116331 0 0 0 0 0 18847 0 39706 0 174884 0 0 FORM 990, PART VI, SECTION B, LINE 11B ARC FOUNDATION OF SOMERSET COUNTY, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PROVIDED TO THE MEMBERS OF THE ORGANIZATIONS GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH A REASONABLE AMOUNT OF TIME TO REVIEW THE FORM 990. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED THROUGH MANAGEMENT TO THE OUTSIDE ACCOUNTING FIRM. ANY APPLICABLE ISSUES ARE ADDRESSED PRIOR TO THE RETURN BEING FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C ARC FOUNDATION OF SOMERSET COUNTY, INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, GOVERNING BODY AND MANAGEMENT WILL INVESTIGATE THE ISSUE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST MANAGEMENT AND THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY. THE MEMBER WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THAT THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 ARC FOUNDATION OF SOMERSET COUNTY, INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 141 SOUTH MAIN STREET MANVILLE, NJ 08835. IN ADDITION FORM 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 141 SOUTH MAIN STREET MANVILLE, NJ 08835. FORM 990, PART XII, LINE 2C: THERE WAS NO CHANGE FROM THE PRIOR YEAR. THE ARC OF SOMERSET COUNTY INC 141 SOUTH MAIN STREET MANVILLE NJ 08835 221968555 DEV. ASSIST. NJ 501(C)(3) LINE 7 N/A 1 SOMERSET ARC APARTMENTS INC 141 SOUTH MAIN STREET MANVILLE NJ 08835 222537989 HOUSING NJ 501(C)(3) LINE 7 N/A 1 ARC HOUSING OF SOMERSET INC 141 SOUTH MAIN STREET MANVILLE NJ 08835 222813769 HOUSING NJ 501(C)(3) LINE 7 N/A 1 0 1 0 1 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 THE ARC OF SOMERSET COUNTY INC B 1944456