2024-05-15T12:01:30-05:00 2023-06-30 812950760 SAX LLP 389 INTERPACE PARKWAY STE 3 PARSIPPANY NJ 07054 990 2022-07-01 223458399 THE BERGEN-PASSAIC ARC FOUNDATION INC BERG 2013430322 223 MOORE STREET HACKENSACK NJ 07013 KATHLEEN WALSH SECRETARY 2013430322 2024-05-15 1 KATHLEEN WALSH 999009999 0 MARQUS WHITE P00053187 9734726250 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANDREW GATTO 223 MOORE STREET HACKENSACK NJ 07013 31681 0 X N/A X 1996 NJ THE ADMINISTRATION OF A FOUNDATION THE GENERAL OBJECTIVE OF WHICH IS THE PROMOTION AND ADVANCEMENT OF THE HEALTH, EDUCATION, RECREATION AND GENERAL WELFARE OF DEVELOPMENTALLY DISABLED INDIVIDUALS AND THE RECEIPT, ADMINISTRATION AND INVESTMENT OF FUNDS, GIFTS, AND DEVISES THAT SHALL BE MADE TO THE CORPORATION AND THE DISBURSEMENT OF THE PRINCIPAL AND OR INCOME THERE OF FOR THE PROMOTION AND ADVANCEMENT OF THE HEALTH, EDUCATION, RECREATION AND GENERAL WELFARE OF DEVELOPMENTALLY DISABLED. 13 11 0 11 0 0 36038 31662 0 0 8 19 0 0 36046 31681 0 0 0 0 0 0 46248 38861 38861 6650 30146 52898 69007 -16852 -37326 2037655 2142389 8820 39365 2028835 2103024 X THE ADMINISTRATION OF A FOUNDATION THE GENERAL OBJECTIVE OF WHICH IS THE PROMOTION AND ADVANCEMENT OF THE HEALTH, EDUCATION, RECREATION AND GENERAL WELFARE OF DEVELOPMENTALLY DISABLED INDIVIDUALS AND THE RECEIPT, ADMINISTRATION AND INVESTMENT OF FUNDS, GIFTS, AND DEVISES THAT SHALL BE MADE TO THE CORPORATION AND THE DISBURSEMENT OF THE PRINCIPAL AND OR INCOME THERE OF FOR THE PROMOTION AND ADVANCEMENT OF THE HEALTH, EDUCATION, RECREATION AND GENERAL WELFARE OF DEVELOPMENTALLY DISABLED. 0 0 TO SUPPORT THE PROGRAMS AND SERVICES OF THE ARC OF BERGEN AND PASSAIC COUNTIES THROUGH ASSISTANCE WITH FUNDRAISING ACTIVITIES. THE FOUNDATION, THROUGH ITS BOARD AND FUNDRAISING CONSULTANT SPEARHEAD FUNDRAISING INITIATIVES AND CAMPAIGNS TO RAISE FUNDS TO BENEFIT THE ARC OF BERGEN AND PASSAIC COUNTIES. FUNDS RAISED, OFTEN GO DIRECTLY TO THE ARC OF BERGEN AND PASSAIC COUNTIES RATHER THAN FIRST TO THE FOUNDATION TO BE THEN GRANTED TO THE ARC OF BERGEN AND PASSAIC COUNTIES. THIS YEAR, THIS INCLUDED A SUCCESSFUL CAMPAIGN TO RAISE FUNDS FOR GENERATORS FOR THE AGENCY'S RESIDENTIAL HOMES AND DIRECT MAIL CAMPAIGNS TO ASSIST WITH THE COST OF OPERATING THE ARC OF BERGEN AND PASSAIC COUNTIES' PROGRAMS AND SERVICES. 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 11 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X ERIK PATT CFO 2013430322 223 MOORE ST HACKENSACK NJ 07601 ANDREW GATTO CHAIRPERSON 1.00 X 0 0 0 G THOMAS CROONQUIST VICE CHAIR 1.00 X 0 0 0 KEVIN COLLINS TRUSTEE 1.00 X 0 0 0 JAMES E SEATH TRUSTEE 1.00 X 0 0 0 AJ KHUBANI TRUSTEE 1.00 X 0 0 0 NICHOLAS GORAB TRUSTEE 1.00 X 0 0 0 RALPH MASTRANGELO JR TRUSTEE 1.00 X 0 0 0 WILLIAM HANSON TRUSTEE 1.00 X 0 0 0 DR AMIT DATWANI TRUSTEE 1.00 X 0 0 0 MARY KAY STRATIS TRUSTEE 1.00 X 0 0 0 ANNE BARETZ TRUSTEE 1.00 X 0 0 0 KATHLEEN WALSH SECRETARY/PRESIDENT/CEO 1.00 34.00 X X 0 124929 21145 ERIK PATT TREASURER/CFO 1.00 34.00 X X 0 76762 11299 0 201691 32444 0 0 0 0 0 31662 31662 19 19 31681 0 0 19 19000 19000 38861 38861 61 61 688 688 POSTAGE AND FREIGH 10178 10178 BANK FEES 219 219 69007 0 30146 38861 27311 2010344 2142389 2037655 2142389 8820 39365 8820 39365 X 1300072 1374261 728763 728763 2028835 2103024 2037655 2142389 -37326 132045 -20530 0 X X 0 1 X 1 0 X 28312 26006 272638 36038 31662 394656 28312 26006 272638 36038 31662 394656 34196 360460 240 115 42 8 19 424 395080 0.91240 0.93280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 252776 252776 282150 -29374 252776 222142 222142 220670 1472 222142 219198 1472 220670 0.18000 0.82000 0 0 0 INVESTMENTS 2142389 F 2142389 X 163726 132045 132045 31681 0 31681 69007 0 69007 0 69007 PART V, LINE 4: THE BOARD OF TRUSTEES HAS ELECTED TO PURSUE A CONSERVATIVE SPENDING POLICY THAT ENABLES LONG-TERM GROWTH OF THE ENDOWMENT'S REAL PURCHASING POWER WHILE PROVIDING ONGOING SUPPORT TO VARIOUS ASPECTS OF THE ORGANIZATION'S COMMITMENT TO THE ARC OF BERGEN AND PASSAIC COUNTIES, INC. UNDER THIS POLICY, INVESTMENT ASSETS, WHICH INCLUDE ENDOWMENT FUND ASSETS, ARE INVESTED IN A MANNER THAT IS EXPECTED TO ACHIEVE A POSITIVE RATE OF RETURN OVER THE LONG-TERM. FUNDS FROM EARNINGS ON PERMANENTLY RESTRICTED NET ASSETS APPROPRIATED FOR EXPENDITURE UNDER THE SPENDING POLICY ARE EXPENDED ACCORDING TO DONOR RESTRICTIONS AND ARE CLASSIFIED AS NET ASSETS RELEASED DUE TO SATISFACTION OF DONOR RESTRICTIONS. PART X, LINE 2: THE ORGANIZATION IS A NON-PROFIT CORPORATION, EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. X 1 DRUMLISH CORPORATION 252 SECOND ST HOBOKEN NJ 07030 0 0 38861 -38861 38861 -38861 FORM 990, PART VI, SECTION A, LINE 2 KATHLEEN WALSH AND ERIK PATT HAVE A BUSINESS RELATIONSHIP AND ARE COMPENSATED BY A RELEATED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE BOARD OF TRUSTEES SERVE COLLECTIVELY AS THE GOVERNING BODY OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES SERVES AS THE GOVERNING BODY FOR THE ORGANIZATION. THE BOARD OF TRUSTEES ELECTS ITS OWN MEMBERS IN ACCORDANCE WITH THE BY LAWS OF THE ORGANIZATION WITH EXCEPTION OF THE TREASURER/CFO WHO IS A MEMBER OF THE BOARD BY VIRTUE OF HOLDING THE POSITION OF TREASURER/CFO OF THE ARC OF BERGEN-PASSAIC COUNTIES. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE BOARD VOTE ON DECISIONS BEFORE APPROVAL IS MADE. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S TREASURER WILL REVIEW THE FINAL PREPARED FORM 990 IN DETAIL. THE FORM 990 WILL BE REVIEWED WITH THE FINANCE COMMITTEE MEMBERS PRIOR TO FILING WITH THE IRS. THE TREASURER WILL PRESENT TO THE FULL OF THE BOARD OF TRUSTEES AT A REGULARLY SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S CONFLICT OF INTEREST POLICY REQUIRES THAT BOARD MEMBERS DISCLOSE ANY CONFLICT OR POTENTIAL CONFLICT WHICH ARISES IN THE COURSE OF CONDUCTING THE BUSINESS OF THE ORGANIZATION. DISCLOSURE IS REQUIRED BEFORE THE TRANSACTION IN QUESTION OCCURS. BOARD MEMBERS WITH AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST ARE PROHIBITED FROM PARTICIPATING IN DISCUSSION OR DELIBERATION ON ANY MATTER FROM WHICH A CONFLICT ARISES. BOARD MEMBERS ARE PROHIBITED FROM VOTING ON ANY MATTER IN WHICH THERE IS AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST. ON AN ANNUAL BASIS EACH BOARD MEMBER IS PROVIDED WITH A COPY OF THE CONFLICT OF INTEREST POLICY AND IS REQUIRED TO DISCLOSE IN WRITING ANY PROFESSIONAL, FINANCIAL AND PERSONAL AFFILIATIONS WHICH COULD ACTUALLY OR POTENTIALLY, POSE A CONFLICT OR THE APPEARANCE OF A CONFLICT OF INTEREST OR AFFECT HIS/HER DECISION MAKING CAPACITY IN RELATION TO HIS/HER ROLE WITH THE FOUNDATION. IN ADDITION THE ANNUAL DISCLOSURE FORM INCLUDES EACH TRUSTEE'S SIGNED AGREEMENT TO COMPLY WITH THE DISCLOSURE AND REPORTING REQUIREMENTS OF THE POLICY. IF A BOARD MEMBER BECOMES AWARE OF A CONFLICT OF INTEREST AFTER THE FACT, HE OR SHE IS REQUIRED TO IMMEDIATELY DISCLOSE THE CONFLICT THROUGH THE CHAIR. THIS DISCLOSURE IS TO BE CLEARLY RECORDED IN THE MINUTES ALONG WITH THE RESULTING ACTION TAKEN. IF THERE IS REASON TO BELIEVE A BOARD MEMBER HAS A CONFLICT OF INTEREST THAT HAS NOT BEEN DISCLOSED, ANY MEMBER BECOMING AWARE OF SUCH A CONFLICT IS TO IMMEDIATELY NOTIFY THE CHAIR OF THE BOARD WHO IS TASKED WITH INVESTIGATING THE POTENTIAL CONFLICT AND BRINGING THE RESULTS OF SAID INVESTIGATION TO THE FULL BOARD FOR APPROPRIATE ACTION. THE ANNUAL ACKNOWLEDGEMENT AND DISCLOSURE FORMS ARE FILED WITH THE CORPORATE SECRETARY. IN THE COURSE OF CONDUCTING THE BUSINESS OF THE ORGANIZATION, AS THE BOARD DELIBERATES THE APPOINTMENT OF NEW MEMBERS OR THE EXECUTION OR RENEWAL OF CONTRACTS, THE DISCLOSURE FORMS ARE REVIEWED TO ENSURE THERE IS NO PREVIOUSLY IDENTIFIED CONFLICT. IN ADDITION, IN ACCORDANCE WITH THE POLICY ANY MEMBER WHO DISCOVERS HE OR SHE HAS A CONFLICT OR EVEN THE APPEARANCE OF A CONFLICT IS REQUIRED TO DISCLOSE IT AT THAT TIME. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST, DURING NORMAL BUSINESS HOURS, BY APPOINTMENT. FORM 990, PART XI, LINE 2C EXPLANATION THE ORGANIZATION HAS A COMMITTEE THAT REVIEWS AND APPROVES THE FINANCIAL STATEMENTS. THE ARC OF BERGEN AND PASSAIC COUNTIES INC 223 MOORE STREET HACKENSACK NJ 07601 221620254 CHARITABLE ORGANIZATION NJ 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0