2024-07-15T15:11:59-05:00 2023-08-31 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2022-09-01 226075617 SOMERSET COMMUNITY ACTION PROGRAM INC SOME 7328468888 155 PIERCE STREET SUITE F SOMERSET NJ 08873 LONNIE ALLGOOD PRESIDENT 7328468888 2024-07-12 1 LONNIE ALLGOOD 999009999 0 CHRISTABEL VALLADARES CPA P02451559 9733281825 2024-07-11 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LONNIE ALLGOOD 155 PIERCE STREET SUITE F SOMERSET NJ 08873 2006169 0 X N/A X 1965 NJ SOMERSET COMMUNITY ACTION PROGRAM, INC. (SCAP) IS A NON-FOR-PROFIT ORGANIZATION PROVIDE EARLY CHILDHOOD EDUCATION PROGRAMS, FINANCIAL LITERACY, COMMUNITY PLANNING AND NUTRITIONAL SUPPORT TO RESIDENTS OF SOMERSET COUNTY. 9 9 30 64 0 0 1034193 978050 463019 1024978 0 0 0 -1404 1497212 2001624 0 0 0 0 747070 1068211 0 0 20317 719502 962339 1466572 2030550 30640 -28926 350682 811568 237491 727303 113191 84265 SOMERSET COMMUNITY ACTION PROGRAM, INC. (SCAP) IS A NON-FOR-PROFIT ORGANIZATION PROVIDE EARLY CHILDHOOD EDUCATION PROGRAMS, FINANCIAL LITERACY, COMMUNITY PLANNING AND NUTRITIONAL SUPPORT TO RESIDENTS OF SOMERSET COUNTY. 0 0 1491025 1025047 PROVIDE EARLY CHILDHOOD EDUCATION PROGRAMS, FINANCIAL LITERACY, COMMUNITY PLANNING AND NUTRITIONAL SUPPORT TO RESIDENTS OF SOMERSET COUNTY. 1491025 1 1 0 0 0 0 0 0 0 0 1 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 0 0 30 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X X MARK HARRIS 7328468888 155 PIERCE STREET SUITE F SOMERSET NJ 08873 MARK HARRIS EXECUTIVE DIRECTOR 40.00 X X 83229 0 28193 LONNIE ALLGOOD PRESIDENT 8.00 X X 0 0 0 JACKIE LEWIS BOARD MEMBER 2.00 X 0 0 0 KIMBERLY FRANCOIS SECRETARY 2.00 X X 0 0 0 PERCY SANDERS VICE PRESIDENT 4.00 X X 0 0 0 CHRISTOPHER JOHNSON BOARD MEMBER 2.00 X 0 0 0 BENJAMIN GUY III BOARD MEMBER 2.00 X 0 0 0 CARL WRIGHT BOARD MEMBER 2.00 X 0 0 0 SIMONE WATERS BOARD MEMBER 2.00 X 0 0 0 JOSEPH DANIELSEN BOARD MEMBER 2.00 X 0 0 0 83229 0 28193 0 0 0 0 0 967425 10625 978050 CHILDCARE SERVICES 900099 1024978 1024978 1024978 3072 4545 -1473 -1473 OTHER INCOME 900099 69 69 69 2001624 1025047 0 -1473 110192 78777 30061 1354 753843 538903 205685 9255 90775 64890 24773 1112 113401 81070 30936 1395 425 425 30000 30000 30000 30000 8863 6339 2415 109 39314 28106 10727 481 30448 30448 222088 162125 55522 4441 8323 5947 2271 105 10843 10843 10855 10855 38878 28381 9720 777 PROGRAM SUPPLIES AND RE 443443 443443 MAINTENANCE AND REPAIRS 51049 37266 12762 1021 BANK SERVICE CHARGES 16549 16549 MISCELLANEOUS 15720 11243 4284 193 5541 4535 932 74 2030550 1491025 519208 20317 117292 38008 115536 158462 48833 69708 1900 60326 32859 38321 27467 28800 517923 350682 811568 118351 113658 19484 9627 99656 97656 0 506362 237491 727303 X 113191 84265 113191 84265 350682 811568 -28926 0 X X 0 1 X 1 0 X 1028450 992909 719799 1031144 978050 4750352 1028450 992909 719799 1031144 978050 4750352 4750352 1774 5007 69 6850 4757202 2775928 0.99860 0.99860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12100 1714 10386 48226 31145 17081 27467 SECURITY DEPOSITS 28800 RIGHT OF USE ASSET 489123 517923 LEASE LIABILITY 506362 506362 X 2006169 4545 4545 2001624 0 2001624 2035095 4545 4545 2030550 0 2030550 PART X, LINE 2: SCAP IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. SCAP 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 TAX HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. SCAP 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 TAX POSITIONS. SCAP DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE YEAR ENDED AUGUST 31, 2023. HOWEVER, SCAP IS SUBJECT TO AUDIT BY TAX AUTHORITIES, INCLUDING A REVIEW OF ITS NONPROFIT STATUS WHICH MANAGEMENT BELIEVES WOULD BE UPHELD UPON EXAMINATION. SCAP 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, SCAP FILES INFORMATIONAL RETURNS WITH BOTH THE FEDERAL AND NEW JERSEY STATE GOVERNMENTS ON AN ANNUAL BASIS - FORM 990 WITH THE INTERNAL REVENUE SERVICE, AND FORM CRI-300R WITH THE STATE. THESE RETURNS ARE SUBJECT TO EXAMINATION BY THESE AUTHORITIES WITHIN CERTAIN STATUTORILY DEFINED PERIODS FOR FEDERAL AND FOR NEW JERSEY. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSE 4,545. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSE 4,545. FORM 990, PART VI, SECTION B, LINE 11B SOMERSET COMMUNITY ACTION PROGRAM, 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 SOMERSET COMMUNITY ACTION PROGRAM, 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 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 SOMERSET COMMUNITY ACTION PROGRAM, 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 155 PIERCE STREET SUITE F SOMERSET, NJ 08873. 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 155 PIERCE STREET SUITE F SOMERSET, NJ 08873. FORM 990 MAY ALSO BE VIEWED ON THE PUBLIC WEBSITE AND GUIDESTAR. FORM 990, PART XII, LINE 2C NO CHANGE FROM THE PRIOR YEAR.