2024-02-28T08:31:38-06:00 2023-06-30 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2022-07-01 222014553 TEEN ARTS NEW JERSEY A NJ NONPROFIT CORPORATION TEEN 7325662787 154 MAIN STREET 102 MATAWAN NJ 07747 KEVIN E CIAK EXECUTIVE DIRECTOR 7325662787 2024-02-22 1 KEVIN CIAK 999009999 0 ANTHONY RISPOLI P02467381 9733281825 2024-01-22 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KEVIN E CIAK 154 MAIN STREET 102 MATAWAN NJ 07747 528734 0 X WWW.ARTSANDEDCENTER.ORG X 1969 NJ THE MISSION OF TEEN ARTS NEW JERSEY IS TO INSPIRE ARTISTIC INNOVATION AND CREATIVITY BY PROVIDING HIGH QUALITY EDUCATION IN THE LITERARY, PERFORMING, AND VISUAL ARTS. 4 4 26 15 0 0 130546 110413 359779 418321 0 0 0 0 490325 528734 0 0 0 0 214814 241271 0 0 0 131910 284964 346724 526235 143601 2499 792374 828667 354278 388072 438096 440595 THE MISSION OF TEEN ARTS NEW JERSEY IS TO INSPIRE ARTISTIC INNOVATION AND CREATIVITY BY PROVIDING HIGH QUALITY EDUCATION IN THE LITERARY, PERFORMING, AND VISUAL ARTS. 0 0 293889 276778 THE ARTS HIGH PROGRAM IS A CO-CURRICULAR PROGRAM FOR CREATIVELY GIFTED STUDENTS. PROGRAMS ARE RUN IN CREATIVE WRITING, DANCE, THEATRE, MUSIC, AND VISUAL ARTS IN MIDDLESEX COUNTY. 38241 44006 THE TEEN ARTS FESTIVAL IS AN ANNUAL CELEBRATION OF TEEN ARTS FEATURING STUDENT WORKSHOPS AND ADJUDICATIONS AND AWARDS AT A STATE LEVEL FOR STUDENTS NOMINATED FROM EACH OF NEW JERSEY'S 21 COUNTIES. 131130 97537 THE ARTS HIGH PROGRAM IS A CO-CURRICULAR PROGRAM FOR CREATIVELY GIFTED STUDENTS. PROGRAMS ARE RUN IN CREATIVE WRITING, DANCE,THEATRE, MUSIC, AND VISUAL ARTS IN MONMOUTH COUNTY. 463260 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 37 0 1 26 1 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X THE ORGANIZATION 7325662787 154 MAIN STREET 102 MATAWAN NJ 07747 DIVON PENDER TRUSTEE 0.50 X 0 0 0 BRIAN ZYCHOWSKI TRUSTEE 0.10 X 0 0 0 JOSEPH JANKOWSKI TRUSTEE 0.10 X 0 0 0 HON FRANK PALLONE TRUSTEE 0.10 X 0 0 0 LENORE KINGSMORE PRESIDENT 1.00 X 0 0 0 MARIA NAUMIK VICE PRESIDENT 0.50 X 0 0 0 ARTHUR J RITTENHOUSE SECRETARY/TREASURER 0.50 X 0 0 0 KEVIN E CIAK EXECUTIVE DIRECTOR/CEO 21.00 X 15000 0 450 15000 0 450 0 0 0 0 0 55000 55413 110413 TUITION 900099 233043 233043 ENROLLMENT FEES 900099 154142 154142 APPLICATION FEES 900099 31136 31136 418321 528734 418321 0 0 15450 14060 1390 183695 170245 13450 2937 2672 265 12501 11376 1125 26688 24843 1845 19167 19167 1661 1661 14884 13545 1339 14068 12802 1266 32325 29524 2801 7162 6517 645 8011 8011 17446 15876 1570 PROGRAM TRANSPORTATION 80046 80046 CONTRACTED ARTISTS 54827 54827 PROGRAM SUPPLIES & MATE 12966 12966 SPECIAL EVENTS EXPENSE 6878 6878 15523 5422 10101 526235 463260 62975 0 693834 737090 43940 13750 42870 19525 8830 6933 2900 51369 792374 828667 1099 17205 15963 14188 337216 356679 354278 388072 X 438096 440595 438096 440595 792374 828667 2499 0 X X 0 1 X 1 0 X 150163 55730 149664 130546 110413 596516 538116 521143 366434 359779 418321 2203793 688279 576873 516098 490325 528734 2800309 0 0 0 2800309 480 5 32722 33207 688759 576878 548820 490325 528734 2833516 0.98830 0.98900 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 SECURITY DEPOSIT 2900 RIGHT OF USE ASSET - OPERATING LEASE 48469 51369 PAYROLL TAXES PAYABLE 11018 ECONOMIC INJURY DISASTER LOANS 295995 OPERATING LEASE LIABILITY 49666 356679 X 528734 0 528734 0 528734 526235 0 526235 0 526235 PART X, LINE 2: TANJ IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS THEREBY EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. TANJ 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 FINANCIAL STATEMENTS. MANAGEMENT HAS STATED THAT ALL REQUIRED INFORMATIONAL TAX RETURNS HAVE BEEN FILED AND REGISTRATION FEES HAVE BEEN PAID. TANJ 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 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. TANJ DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE YEAR ENDED JUNE 30, 2023. HOWEVER, TANJ IS SUBJECT TO REGULAR AUDIT BY TAX AUTHORITIES INCLUDING A REVIEW OF ITS NONPROFIT STATUS, WHICH MANAGEMENT BELIEVES WOULD BE UPHELD UPON EXAMINATION. TANJ 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 EACH YEAR. AS REQUIRED BY LAW, TANJ FILES INFORMATIONAL RETURNS WITH BOTH FEDERAL AND NEW JERSEY STATE GOVERNMENTS ON AN ANNUAL BASIS - FORM 990 WITH THE INTERNAL REVENUE SERVICE, AND FORM CRI-300R WITH THE STATE. TANJ IS SUBJECT TO EXAMINATIONS AT ANY TIME WITHIN CERTAIN STATUTORILY DEFINED PERIODS FROM THE LATEST FILING DATE FOR FEDERAL AND FOR NEW JERSEY. FORM 990, PART VI, SECTION B, LINE 11B TEEN ARTS NEW JERSEY 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 TEEN ARTS NEW JERSEY 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 SIGN A CONFLICT OF INTEREST POLICY ANNUALLY 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 B, LINE 15 THE COMPENSATION OF THE ORGANIZATIONS OFFICERS OR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES, AN INDEPENDENT BODY. FORM 990, PART VI, SECTION C, LINE 19 TEEN ARTS NEW JERSEY 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 154 MAIN STREET SUITE 102, MATAWAN, NJ 07747. 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 154 MAIN STREET SUITE 102, MATAWAN, NJ 07747. FORM 990, PART XII, LINE 2C TEEN ARTS NEW JERSEY HAS ESTABLISHED A BOARD OF TRUSTEES TO OVERSEE THE AUDIT PROCESS AND TO ENGAGE INDEPENDENT AUDITORS ON AN ANNUAL BASIS.