2024-11-19T09:28:27-06:00 2023-12-31 881478669 CBIZ ADVISORS LLC 1899 L STREET NW 850 WASHINGTON DC 20036 990 2023-01-01 854085260 COMPLEDGE CORP COMP 2028625079 99 WEST ESSEX STREET MAYWOOD NJ 07607 JOSEPH MUSCARELLE PRESIDENT/TRUSTEE 2028625079 2024-11-14 1 1 FRANK H SMITH P00639053 2022274000 2024-11-14 2023 2024-10-15 13:58:12Z JOSEPH MUSCARELLE 99 WEST ESSEX STREET MAYWOOD NJ 07607 4940000 0 X N/A X 2021 NJ TO PROVIDE ANNUAL DISTRIBUTIONS TO ITS SUPPORTED TYPE III ORGANIZATIONS DEFINED UNDER SECTION 509(A)(3) FOR EDUCATION PURPOSES. 4 3 0 4 0 0 0 0 0 0 0 500530 0 0 0 500530 0 2825850 0 0 0 0 0 0 0 0 15938 0 2841788 0 -2341258 7837735 3317857 4635630 2457010 3202105 860847 X THE CHARITY WILL MAKE ANNUAL DISTRIBUTIONS TO ITS SUPPORTED ORGANIZATIONS CONSISTENT WITH THE REQUIREMENTS OF A TYPE III SUPPORTING ORGANIZATION, AS DEFINED UNDER SECTION 509(A)(3) AND FOLLOWING THE DEMONSTRATED NEEDS OF ITS SUPPORTED ORGANIZATIONS. AS ALL GRANTS WILL BE MADE TO THE CHARITY'S NAMED SUPPORTED ORGANIZATIONS, THE CHARITY WILL NOT REQUIRE APPLICATIONS OR PROPOSALS FOR EACH GRANT AND WILL DETERMINE THE AMOUNTS OF GRANTSEACH YEAR BASED ON THE NEEDS OF ITS SUPPORTED ORGANIZATIONS. THE CHARITY WILL MONITOR THE USE OF THE FINANCIAL SUPPORT PROVIDED TO ITS SUPPORTED ORGANIZATIONS THROUGH ITS CLOSE AND CONTINUING RELATIONSHIP WITH ITS SUPPORTED ORGANIZATIONS. 0 0 2825850 2825850 THE ORGANIZATION IS ORGANIZED AND SHALL BE ADMINISTRERED AND OPERATED BY ITS TRUSTEES EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3). 2825850 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 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 4 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 NJ X JOSEPH MUSCARELLE 2028625079 99 WEST ESSEX STREET MAYWOOD NJ 07607 X JOSEPH MUSCARELLE PRES/SECRETARY/TRUSTEE 2.00 X X 0 0 0 JOSEPH FIORENZO VP/TRUSTEE 2.00 X X 0 0 0 GEORGE HEINRICH MD TREASURER/TRUSTEE 2.00 X X 0 0 0 CLYDE SZUCH TRUSTEE 2.00 X 0 0 0 0 0 0 0 0 0 0 0 4940000 4439470 500530 500530 500530 500530 0 0 500530 2825850 2825850 11281 11281 3555 3555 45 45 RE TAXES PAID AT CLOSIN 1057 1057 2841788 2825850 15938 0 447735 217857 3100000 7390000 3100000 7837735 3317857 4635630 2457010 4635630 2457010 X 0 0 0 0 3202105 860847 3202105 860847 7837735 3317857 -2341258 0 X X 0 0 0 X X 3 THE COLLEGE OF WILLIAM AND MARY 546001718 2 1 2067500 0 SETON HALL UNIVERSITY 221500645 2 1 0 0 HACKENSACK UNIVERSITY MEDICAL CENTER 221487576 3 1 758350 0 3 2825850 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 500530 0 0 0 0 0 500530 0 0 0 0 0 0 0 500530 0 0 0 0 7390000 3100000 7390000 3100000 0 0 0 7390000 3100000 110850 46500 7279150 3053500 254770 106873 0 0 254770 106873 0 0 254770 254770 0 254770 2825850 0 0 0 0 0 2825850 2825850 254770 100.000000000000 254770 0 0 0 0 0 0 0 0 0 0 0 2825850 0 254770 2571080 0 0 2571080 0 0 0 0 2571080 SCHEDULE A, PART IV, SECTION D, LINE 2: JOSEPH MUSCARELLE WAS A SUBSTANTIAL CONTRIBUTOR TO THE TRUSTS, TO WHICH THE CHARITY IS A SUCCESSOR ORGANIZATION. MR. MUSCARELLE ALSO SERVES AS ONE OF THE FOUR MEMBERS OF THE BOARD OF TRUSTEES OF THE CHARITY. THE BOARD IS SELF-PERPETUATING AND THE EXISTING MEMBERS MAY ELECT THEIR SUCCESSORS THROUGH A MAJORITY VOTE. IN ADDITION, EACH OF THE THREE SUPPORTED ORGANIZATIONS MAY AT ANY TIME APPOINT A REPRESENT TO SERVE ON THE BOARD OF TRUSTEES. THE BYLAWS PROHIBIT ANY TRUSTEE APPOINTMENT THAT WOULD RESULT IN THE CHARITY BEING CONTROLLED BY DISQUALIFIED PERSONS. ALL DECISIONS REGARDING THE OPERATIONS OF THE CHARITY ARE MADE BY A MAJORITY VOTE OF THE BOARD AND NO TRUSTEE HOLDS POWER TO VETO ANY ACTION OF THE MAJORITY. THEREFORE AT NO TIME WILL DISQUALIFIED PERSONS HOLD MORE THAN 25% OF THE VOTING POWER OF THE BOARD AND MAY HOLD AS LITTLE AS 17% (1/7) AND AT ALL TIMES CONTROL WILL BE HELD BY THE INDEPENDENT TRUSTEES. SCHEDULE A, PART IV, SECTION D, LINE 3: EACH SUPPORTED ORGANIZATION HAS THE ABILITY TO APPOINT AN INDIVIDUAL TO SERVE ON THE BOARD OF THE CHARITY AND THROUGH THAT POSITION EXERCISE DIRECT INFLUENCE OVER THE INVESTMENT AND GRANT DECISIONS OF THE CHARITY. IN ADDITION, THE TRUSTEES OF THE CHARITY WILL REGULARLY COMMUNICATE WITH OFFICERS OF THE SUPPORTED ORGANIZATIONS TO ALLOW THEM TO UNDERSTAND THE NEEDS OF THE SUPPORTED ORGANIZATIONS AND TO ALLOW THOSE OFFICERS TO PROVIDE INPUT ON THE OPERATIONS AND GRANTMAKING ACTIVITIES OF THE CHARITY. 3100000 3100000 3100000 0 COLLEGE OF WILLIAM & MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 PUBLIC UNIVERSITY 2067500 0 SUPPORT FOR THE ART MUSEUM HUMC FOUNDATION 360 ESSEX STREET SUITE 301 HACKENSACK NJ 07601 222339534 501(C)(3) 758350 0 GENERAL SUPPORT 2 0 JOSEPH L MUSCARELLE JR TRUSTEE TRANSFER AMOUNT FROM RELATED ORGANIZATIONS X 4635630 2457010 0 1 1 2457010 FORM 990, PART VI, SECTION B, LINE 11B A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO THE GOVERNING BOARD MEMBERS PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 19 EACH OF THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 1: THE ORGANIZATION UTILIZES THE MODIFIED CASH BASIS OF ACCOUNTING. JOS L MUSCARELLE FOUNDATION INC 99 WEST ESSEX STREET MAYWOOD NJ 07607 226056924 PRIVATE FOUNDATION NJ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0