2024-02-29T12:17:01-06:00 2023-06-30 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2022-07-01 223264488 MAAC Asset Corporation % JESSICA GRASSO MAAC 7327385455 712 AMBOY AVENUE EDISON NJ 088373554 TRAVIS TELLITOCCI SECRETARY-TREASURER 7327385455 2023-12-06 true TRAVIS TELLITOCCI 999009999 Brad Caruso P01249134 7328281614 2023-12-06 3 2022 2023-04-26 12:10:37Z TRAVIS TELLITOCCI 712 AMBOY AVENUE EDISON NJ 088373554 47000 false X N/A X 1993 NJ HOLD LEGAL TITLE TO PROPERTY FOR THE USE AND BENEFIT OF THE METRO ATLANTIC ATHLETIC CONFERENCE (MAAC). 11 11 0 11 0 0 0 0 47000 47000 0 0 0 0 47000 47000 0 0 0 0 0 0 0 0 0 29278 28343 29278 28343 17722 18657 901342 873000 213311 166312 688031 706688 TO HOLD LEGAL TITLE TO PROPERTY, REAL, PERSONAL OR MIXED, WHICH SHALL BE ACQUIRED BY THIS ORGANIZATION, TO MAINTAIN AND MANAGE SAME, FOR THE USE AND BENEFIT TO THE METRO ATLANTIC ATHLETIC CONFERENCE. false false Holds title to and operates real property for the benefit and use of the Metro Atlantic athletic Conference, Inc., the organizations affiliate. false false false false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false true false false true 0 0 0 false false false false false false false false X 11 11 false false false false true true false true true false false true true true true true true false false false NJ X JESSICA GRASSO 7327385455 712 AMBOY AVENUE EDISON NJ 088373554 Richard Ensor Secretary/Treasurer 2.0 40.0 X 0 344487 69277 JESSICA GRASSO DEPUTY COMMISSIONER 2.0 40.0 X 0 108675 54498 Rev James Maher Niagara President, Board Member 1.0 2.0 X X 0 0 0 Judy Olian Quinnipiac Vice President, Board Member 1.0 2.0 X X 0 0 0 Dr Steve Stoute Canisius BOARD MEMBER 1.0 1.0 X 0 0 0 Dr Mark Nemec Fairfield BOARD MEMBER 1.0 1.0 X 0 0 0 Dr Seamus Carey Iona BOARD MEMBER 1.0 1.0 X 0 0 0 Dr Daniel Gardner Manhattan BOARD MEMBER 1.0 1.0 X 0 0 0 Dr Kevin Weinman Marist BOARD MEMBER 1.0 1.0 X 0 0 0 Dr Timothy Trainor Mount St Mary BOARD MEMBER 1.0 1.0 X 0 0 0 Dr Eugene Cornacchia St Peter's BOARD MEMBER 1.0 1.0 X 0 0 0 Dr Christopher Gibson Siena BOARD MEMBER 1.0 1.0 X 0 0 0 Dr Gregory Dell'Omo Rider BOARD MEMBER 1.0 1.0 X 0 0 0 TRAVIS TELLITOCCI Secretary/Treasurer 2.0 40.0 X 0 0 0 0 453162 123775 0 false true false 0 0 RENTAL INCOME 531120 47000 47000 47000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 47000 47000 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 28343 0 28343 2750 2751 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1406070 535821 898592 870249 0 0 0 0 0 0 0 0 0 0 901342 873000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 213311 166312 213311 166312 X 688031 706688 0 0 688031 706688 901342 873000 18657 X false true X true false 232200 232200 1173870 535821 638049 870249 0 PAYABLE DUE TO MAAC 166312 166312 X PART X, LINE 2: AN INDEPENDENT CPA FIRM AUDITED THE COMBINED FINANCIAL STATEMENTS OF METRO ATLANTIC ATHLETIC CONFERENCE AND AFFILIATE (COLLECTIVELY REFERRED TO AS THE "ORGANIZATION") FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, RESPECTIVELY, AND AN UNMODIFIED OPINION WAS ISSUED BY THE INDEPENDENT CPA FIRM EACH YEAR. THE FOLLOWING IS THE TEXT OF THE FOOTNOTE IN THE COMBINED FINANCIAL STATEMENTS: MAAC is exempt from Federal income taxes under section 501(C)(3) of the internal revenue code. MAAC Asset Corporation is exempt from Federal income taxes under section 501(C)(2) of the internal revenue code. Accordingly, no provisions for Federal and state taxes have been provided in the accompanying combined financial statements. The Organization had no unrecognized tax benefits at June 30, 2023 and 2022 and has incurred no interest or penalties related to income taxes for the periods presented in the combined financial statements. The Organization had no income taxes due for the years ended June 30, 2023 and 2022, respectively. false true false Richard Ensor Secretary/Treasurer 0 318270 0 26217 0 0 0 60464 0 8813 0 413764 0 0 JESSICA GRASSO DEPUTY COMMISSIONER 0 103675 0 5000 0 0 0 8988 0 45510 0 163173 0 0 Schedule J, Line 3 Compensation of officers is paid by metro atlantic athletic conference and compensation is determined by the conference. Schedule J, Line 4b Richard J Ensor is a participant in an IRS 457(f) plan of which $35,000 was paid during the year. CORE FORM 990 RESPONSES PART VI, SECTION A, LINE 6 Membership in the Corporation shall be by institution. The Corporation shall initially be comprised of all full member institutions of the Metro Atlantic Athletic Conference ("the Conference") as defined by Article VII of the Conference Constitution. PART VI, SECTION B, LINE 11 THE RETURN IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTING FIRM WITH EXPERIENCE AND EXPERTISE IN NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM WORKED CLOSELY WITH THE ORGANIZATION'S MANAGEMENT TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. PRIOR TO THE TAX RETURN BEING FILED, THE FINANCE COMMITTEE WAS PROVIDED WITH AN ELECTRONIC COPY OF THE TAX RETURN AND AFTER THEIR REVIEW AND ACCEPTANCE, THE ELECTRONIC COPY WAS PROVIDED TO THE GOVERNING BODY. UPON APPROVAL, THE FORM 990 WAS FILED WITH THE INTERNAL REVENUE SERVICE. PART VI, SECTION B, LINE 12 THE CORPORATION IS AN AFFILIATE OF THE CONFERENCE, A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION. THIS CORPORATION HAS NOT ADOPTED ITS OWN CONFLICT OF INTEREST POLICY, HOWEVER, ALL MEMBER OF THE CORPORATION'S BOARD OF TRUSTEES ADHERE TO THE CONFERENCE'S CONFLICT OF INTEREST POLICY AND COMPLETE THE NECESSARY QUESTIONNAIRE. THE CONFERENCE AND THE CORPORATION REGULARLY MONITOR AND ENFORCE COMPLIANCE WITH THIS CONFLICT OF INTEREST POLICY. PART VI, SECTION B, LINE 15 ALTHOUGH THIS CORPORATION HAS NO PAID EMPLOYEES REPORTED IN THE CORE FORM 990, PART VII AND SCHEDULE J ARE EMPLOYEES OF THE CONFERENCE. THE CONFERENCE'S BOARD OF TRUSTEES APPROVES THE SALARY OF THE COMMISSIONER THROUGH A FORMAL EMPLOYMENT AGREEMENT. THE COMMISSIONER APPROVES THE COMPENSATION OF THE EMPLOYEES OF CONFERENCE. THE CONFERENCE HAS PERFORMED A SURVEY OF ATHLETIC CONFERENCE SALARIES. THE SURVEY WAS USED IN THE DETERMINATION OF CONFERENCE EMPLOYEES SALARIES. PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST. PART XII, LINE 2C OVERSIGHT, REVIEW AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. METRO ATLANTIC ATHLETIC CONFERENCE 712 AMBOY AVENUE EDISON NJ 08837 133117436 ATHLETIC CONF NJ 501(C)(3) 11C NA false false false false false true false false false false true false false false false false false false false false METRO ATLANTIC ATHLETIC CONFERENCE INC E 166312 Cost METRO ATLANTIC ATHLETIC CONFERENCE INC J 47000 Lease