2024-11-14T21:19:34-06:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 300 TICE BOULEVARD SUITE 315 WOODCLIFF LAKE NJ 07677 990 2023-01-01 475597813 BOYS & GIRLS CLUB OF PATERSON AND PASSAIC ASSOCIATION INC BOYS 9732793055 264 21ST AVENUE PATERSON NJ 07501 ARTHUR CORWIN TREASURER 9732793055 2024-11-14 1 1 GARRETT M HIGGINS P00543209 2017129800 2024-11-14 2023 2024-10-15 13:58:12Z X ARTHUR CORWIN 264 21ST AVENUE PATERSON NJ 07501 0 0 X WWW.BGCPPNJ.ORG X 2015 NJ THE ASSOCIATION WAS FORMED TO PARTICIPATE IN THE NEW MARKETS TAX CREDIT FINANCING PROGRAM, AS SET FORTH IN SECTION 45D OF THE INTERNAL REVENUE CODE, FOR THE RENOVATION OF THE BOYS & GIRLS CLUB OF PATERSON AND PASSAIC'S PROPERTY IN PASSAIC AND TO SPECIFICALLY SUPPORT AND BENEFIT, FINANCIALLY AND/OR OPERATIONALLY THE CLUB. THE NEW MARKETS TAX CREDIT EXIT WAS FINALIZED AT THE BEGINNING OF FEBRUARY 2023; FOLLOWED BY THE MERGER OF THE ASSOCIATION WITH THE CLUB IN DECEMBER OF 2023. X 6 5 0 6 0 0 0 0 281880 0 0 0 0 0 281880 0 232684 0 0 0 0 0 0 0 0 218995 0 451679 0 -169799 0 5622692 0 6670475 0 -1047783 0 X THE ASSOCIATION WAS FORMED TO PARTICIPATE IN THE NEW MARKETS TAX CREDIT FINANCING PROGRAM, AS SET FORTH IN SECTION 45D OF THE INTERNAL REVENUE CODE, FOR THE RENOVATION OF THE BOYS & GIRLS CLUB OF PATERSON AND PASSAIC'S PROPERTY IN PASSAIC AND TO SPECIFICALLY SUPPORT AND BENEFIT, FINANCIALLY AND/OR OPERATIONALLY THE CLUB. THE NEW MARKETS TAX CREDIT EXIT WAS FINALIZED AT THE BEGINNING OF FEBRUARY 2023; FOLLOWED BY THE MERGER OF THE ASSOCIATION WITH THE CLUB IN DECEMBER OF 2023. 0 0 0 0 0 CEASE UP/TERMINATIONON DECEMBER 15TH, 2023, BOYS AND GIRLS CLUB OF PATERSON & PASSAIC ASSOCIATION, INC., A NONPROFIT CORPORATION INCORPORATED UNDER THE LAWS OF THE STATE OF NEW JERSEY, WAS MERGED WITH AND INTO BOYS & GIRLS CLUB OF PATERSON AND PASSAIC, INC., A NONPROFIT CORPORATION INCORPORATED UNDER THE LAWS OF THE STATE OF NEW JERSEY. 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X SANDRA DAMJANOVSKI 9732793055 264 21ST AVENUE PATERSON NJ 07501 BRIAN HEIDTKE PRESIDENT 2.00 2.00 X X 0 0 0 WENDY MCGUIRE TREASURER 2.00 40.00 X X 0 161577 8120 GLEN VETRANO SECRETARY 2.00 X X 0 0 0 JOSE ANGEL MARTINEZ TRUSTEE 2.00 X 0 0 0 JEFFREY MONGE TRUSTEE 2.00 X 0 0 0 MARIO TOMMOLILLO TRUSTEE 2.00 X 0 0 0 0 161577 8120 0 0 1 0 0 0 0 0 0 0 0 0 0 77178 0 0 0 0 0 0 0 0 3184789 0 0 1142431 0 0 0 0 0 1218294 0 5622692 0 5300 6665175 6670475 0 X -1047783 0 -1047783 0 5622692 0 X 0 1047783 X X 0 1 X 1 0 X X X 1 BOYS & GIRLS CLUB OF PATERSON AND PASSAIC INC 221726665 10 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X 1 1 PART IV, SECTION E, LINE 2A: SUPPORTED ORGANIZATION: BOYS & GIRLS CLUB OF PATERSON AND PASSAIC INC. EIN: 22-1726665 THE ASSOCIATION WAS FORMED TO PARTICIPATE IN THE NEW MARKETS TAX CREDIT FINANCING PROGRAM, AS SET FORTH IN SECTION 45D OF THE INTERNAL REVENUE CODE, FOR THE RENOVATION OF THE BOYS & GIRLS CLUB OF PATERSON AND PASSAIC'S PROPERTY IN PASSAIC AND TO SPECIFICALLY SUPPORT AND BENEFIT, FINANCIALLY AND/OR OPERATIONALLY THE CLUB. PART IV, SECTION E, LINE 2B: SUPPORTED ORGANIZATION: BOYS & GIRLS CLUB OF PATERSON AND PASSAIC INC. EIN: 22-1726665 THE ASSOCIATION WAS FORMED TO ACQUIRE FINANCING TO ASSIST ITS SUPPORTED ORGANIZATION IN FUNDING THE RENOVATION OF THE CLUB'S PROPERTY. IF THE ASSOCIATION DIDN'T EXIST, THE CLUB WOULD HAVE BEEN ABLE TO TAKE ON SIMILAR ACTIVITIES IN FULFILLMENT OF ITS MISSION. 0 X 10905359 10905359 10905359 0 0 0 7893914 7893914 7893914 0 0 0 PART X, LINE 2: THE ORGANIZATIONS ARE TAX-EXEMPT ORGANIZATIONS AS DEFINED BY THE INTERNAL REVENUE CODE, THOUGH THEY ARE SUBJECT TO TAX ON INCOME UNRELATED TO THEIR EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE ORGANIZATIONS HAVE PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF THEIR TAX EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE THEIR FILLING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH THEY HAVE NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ORGANIZATIONS HAVE DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATION BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE IN THE CONSOLIDATED FINANCIAL STATEMENTS ATTRIBUTED 10,905,359. TO BGCP PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES IN THE CONSOLIDATED FINANCIAL STATEMENTS 7,893,914. ATTRIBUTED TO BGCP 0 0 0 0 0 0 0 0 0 WENDY MCGUIRE TREASURER 0 159787 0 500 0 1290 0 4824 0 3296 0 169697 0 0 PART I, LINE 3 THE ORGANIZATION'S RELATED ENTITY THE BOYS AND GIRLS CLUB OF PATERSON AND PASSAIC HAS THE FOLLOWING PROCESS FOR COMPENSATION REVIEW. THE EMPLOYEES HAVE ANNUAL REVIEWS AND RAISES GIVEN BY THE CHIEF EXECUTIVE OFFICER. THE CHIEF EXECUTIVE OFFICER'S REVIEW AND RAISE IS PERFORMED BY THE BOARD AND SALARY IS COMPARED TO SIMILAR ORGANIZATIONS TO SEE THAT IT IS COMPETITIVE. LEASEHOLD IMPROVEMENTS 2023-12-19 1142431 NET BOOK VALUE 221726665 BOYS AND GIRLS CLUB OF PATERSON AND PASSAIC INC 264 21ST AVENUE PATERSON NJ 07501 501(C )(3) CASH ACCOUNTS 2023-12-19 77178 COST 221726665 BOYS AND GIRLS CLUB OF PATERSON AND PASSAIC INC 264 21ST AVENUE PATERSON NJ 07501 501(C )(3) 0 0 0 0 1 1 1 1 0 FORM 990, PART VI, SECTION B, LINE 11B BOYS & GIRLS CLUB OF PATERSON AND PASSAIC ASSOCIATION, 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/FINANCE COMMITTEE, AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD MEMBERS OF THE ORGANIZATION FOR ANY COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND TRUSTEES ENFORCE COMPLIANCE BY DISCUSSING IF THERE ARE ANY CONFLICTS. THE TREASURER ASKS CONFLICT ORIENTED QUESTIONS WHEN APPROVING BILLS FOR PAYMENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART XI, LINE 9: EQUITY TRANSFER DUE TO MERGER OF CLUB AND ASSOCIATION 1,047,783. PART XII, LINE 2C BOYS & GIRLS CLUB OF PATERSON AND PASSAIC ASSOCIATION, INC. BOARD ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF ITS INDEPENDENT AUDITOR. THE POLICY FOR SELECTION AND OVERSIGHT OF THE INDEPENDENT AUDITORS HAS NOT CHANGED SINCE LAST YEAR. BOYS & GIRLS CLUB OF PATERSON AND PASSAIC INC 264 21ST STREET PATERSON NJ 07501 221726665 EDUCATIONAL, ATHLETIC, AND RECREATIONAL SUPPORT FOR CHILDREN NJ 501(C)(3) LINE 10 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 1 0