2025-03-11T10:14:53-05:00 2024-06-30 223271712 MERCADIEN PC PO BOX 7648 PRINCETON NJ 085437648 990 2023-07-01 223490986 NEW JERSEY CHAMBER OF COMMERCE FOUNDATION INC NEWJ 6099897888 216 WEST STATE STREET 3RD FL TRENTON NJ 08608 DONNA CUSTARD PRESIDENT 6099897888 2025-03-11 1 0 TYLER M MARCOCCI CPA P02191297 6096899700 2025-03-11 2023 2025-03-06 01:10:19Z DONNA CUSTARD 216 WEST STATE STREET 3RD FL TRENTON NJ 08608 1270031 0 X WWW.NJCHAMBERFOUNDATION.ORG X 1996 NJ THE FOUNDATION'S MISSION IS TO SUPPORT CURRENT AND FUTURE MEMBERS OF THE WORKFORCE IN BECOMING GLOBALLY COMPETITIVE, SUCCESSFUL MEMBERS OF SOCIETY AND TO FUEL NEW JERSEY'S ECONOMY BY SUSTAINING A QUALIFIED WORKFORCE. 16 15 0 120 0 0 975805 1136598 26600 50000 3711 23865 5606 -3482 1011722 1206981 35986 128373 0 0 441575 551036 66538 14400 55817 171939 213814 716038 907623 295684 299358 715842 1034938 229517 249255 486325 785683 X THE FOUNDATION'S MISSION IS TO SUPPORT CURRENT AND FUTURE MEMBERS OF THE WORKFORCE IN BECOMING GLOBALLY COMPETITIVE, SUCCESSFUL MEMBERS OF SOCIETY AND TO FUEL NEW JERSEY'S ECONOMY BY SUSTAINING A QUALIFIED WORKFORCE. 0 0 711334 128373 50000 JAG - JOBS FOR AMERICA'S GRADUATES NEW JERSEY (JAG NJ) IS THE STATE AFFILIATE OF THE NATIONAL JOBS FOR AMERICA'S GRADUATES (JAG) INITIATIVE - A STATE-BASED NATIONAL NON-PROFIT ORGANIZATION DEDICATED TO KEEPING YOUTH OF GREAT PROMISE (FORMERLY KNOWN AS "AT-RISK") IN SCHOOL THROUGH GRADUATION. THE PROGRAM TARGETS HIGH SCHOOL STUDENTS WITH AT LEAST SIX ACADEMIC, ENVIRONMENTAL, PHYSICAL, PSYCHOLOGICAL, INCOME OR WORK-RELATED BARRIERS TO SUCCESS, AND OFFERS REAL-WORLD LEARNING EXPERIENCES THAT DEMONSTRATE HOW STAYING IN HIGH SCHOOL AND EARNING A DIPLOMA CAN ENHANCE THEIR LIVES. THE ULTIMATE GOAL OF THE PROGRAM IS TO ENSURE THAT PARTICIPATING STUDENTS GRADUATE FROM HIGH SCHOOL PREPARED FOR THE CHALLENGES OF POST-SECONDARY EDUCATION, MILITARY SERVICE AND THE WORKFORCE SO THAT THEY CAN BREAK THE CYCLE OF POVERTY AND BECOME PRODUCTIVE, CONTRIBUTING MEMBERS OF THEIR COMMUNITIES. FOR THE 2023-24 ACADEMIC YEAR, THE NJCCF IMPLEMENTED 18 PROGRAMS IN PASSAIC, NEWARK, NEW BRUNSWICK, CARTERET, LITTLE EGG HARBOR, PLAINFIELD, CAMDEN, VINELAND AND ATLANTIC CITY. 2900 5568 PRODUCT SALES AND SERVICES--OVER THE PAST SEVERAL YEARS, REVENUE FROM NJCCF'S PROGRAMS HAS DECLINED, WITH ONLY THE SCHOOL COUNTS PROGRAM GENERATING INCOME DURING THE LAST TWO FISCAL YEARS. THIS PROGRAM WAS UTILIZED BY A LIMITED NUMBER OF HIGH SCHOOLS IN CUMBERLAND COUNTY IN PARTNERSHIP WITH ROWAN COLLEGE OF SOUTH JERSEY CUMBERLAND. DUE TO THE MINIMAL REVENUE GENERATED, NJCCF MADE THE STRATEGIC DECISION TO SELL THE SCHOOL COUNTS PROGRAM TO THE CUMBERLAND COUNTY CAMPUS EDUCATIONAL FOUNDATION OF ROWAN COLLEGE OF SOUTH JERSEY CUMBERLAND FOR $5,000. AS PART OF THE SALE, NJCCF TRANSFERRED OWNERSHIP OF ALL ASSOCIATED LOGOS, DIGITAL ASSETS, THE PROGRAM'S URL, AND SERVICE MARK TO THE FOUNDATION IN JUNE 2024. 714234 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 9 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X JENNIFER STEGERS 6099897888 216 WEST STATE STREET TRENTON NJ 08608 THOMAS BRACKEN TREASURER 0.50 40.00 X X 0 558200 22912 DONNA CUSTARD PRESIDENT 40.00 X 0 147552 24739 SANDRA GLOVER-STROTHERS EXECUTIVE DIRECTOR, JAG NJ 40.00 X 0 108688 26202 JENNIFER STEGERS ACCOUNTING MANAGER 40.00 X 0 62398 29041 DR STEVEN M ROSE CHAIRMAN 0.50 0.50 X X 0 0 0 WALTER J BRASCH CPA TRUSTEE 0.50 0.50 X 0 0 0 LISA CHOWANSKY TRUSTEE 0.50 0.50 X 0 0 0 GARY C DAHMS TRUSTEE 0.50 0.50 X 0 0 0 SAMUEL L DONELSON TRUSTEE 0.50 0.50 X 0 0 0 DOUG MOKOID TRUSTEE 0.50 0.50 X 0 0 0 WILLIAM R HAGAMAN JR CPA TRUSTEE 0.50 0.50 X 0 0 0 CHRISTOPHER M LEPRE TRUSTEE 0.50 0.50 X 0 0 0 GIL MEDINA TRUSTEE 0.50 0.50 X 0 0 0 BRAXTON PLUMMER TRUSTEE 0.50 0.50 X 0 0 0 MIKE REAGAN TRUSTEE 0.50 0.50 X 0 0 0 DENNIS M TOFT TRUSTEE 0.50 0.50 X 0 0 0 DIANE WASSER TRUSTEE 0.50 0.50 X 0 0 0 DENNIS G WILSON TRUSTEE 0.50 0.50 X 0 0 0 TED ZANGARI ESQ TRUSTEE 0.50 0.50 X 0 0 0 0 876838 102894 0 0 1 0 0 94755 678242 363601 1136598 JAG NJ AFFILIATION FEE 900099 50000 50000 50000 23865 23865 54000 94755 63050 -9050 -9050 5550 0 5550 5550 SHIPPING INCOME 900099 18 18 18 1206981 55568 0 14815 X 128373 128373 458180 376747 44900 36533 55049 48981 6068 2470 2015 455 35337 28838 3843 2656 27484 2834 24650 14400 14400 3674 3338 336 46351 39968 5896 487 11468 2935 8533 42000 10500 31500 17758 14967 1779 1012 20924 20924 4136 4136 6591 1774 4817 JAG NATIONAL AFFILIATIO 25278 25040 9 229 JAG SPECIALIST AWARDS 7000 7000 MISCELLANEOUS 1150 0 650 500 907623 714234 137572 55817 6093 0 295638 784015 407960 248466 3270 2881 2457 31274 31274 0 0 715842 1034938 68837 83297 5000 150000 150000 10680 10958 229517 249255 X 87627 113104 398698 672579 486325 785683 715842 1034938 299358 0 X X 0 1 X 1 0 X 353697 414450 362945 975805 1136598 3243495 38370 20715 17675 31630 55550 163940 392067 435165 380620 1007435 1192148 3407435 31500 42000 42000 115500 0 31500 42000 42000 115500 3291935 502 665 318 3711 23865 29061 502 665 318 3711 23865 29061 372 869 115 576 18 1950 392941 436699 381053 1011722 1216031 3438446 0.95740 0.96900 0.00850 0.00240 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: SHIPPING INCOME - 2019 AMOUNT: $ 372. 2020 AMOUNT: $ 133. 2021 AMOUNT: $ 115. 2022 AMOUNT: $ 233. 2023 AMOUNT: $ 18. MISCELLAENOUS INCOME - 2020 AMOUNT: $ 736. 2022 AMOUNT: $ 343. PART III, SECTION B, LINE 14 TAX YEAR 2021 WAS A SHORT YEAR DUE TO A CHANGE IN ACCOUNTING PERIOD AND REPRESENTS ACTIVITY FROM 10/01/2021 - 06/30/2022. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31274 31274 0 0 DUE TO AFFILIATE 10958 10958 X 3191268 1921237 63050 1984287 1206981 0 1206981 2891910 1921237 63050 1984287 907623 0 907623 PART X, LINE 2: U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 63,050. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 63,050. HUDSON FARM CLAY SHOOT 148755 94755 54000 10000 1210 51840 148755 94755 54000 10000 1210 51840 63050 -9050 1 COVENANT HOUSE NEW JERSEY 330 WASHINGTON STREET NEWARK NJ 07102 133537710 501(C)(3) 55917 0 JAG NJ PATHSTONE CORPORATION 78 W LANDIS AVENUE VINELAND NJ 08360 160984913 501(C)(3) 72456 0 JAG NJ 2 0 PART I, LINE 2: GRANTS TO OTHER ORGANIZATIONS CONSIST OF SUBAWARDS OF GRANTS RECEIVED BY THE FOUNDATION AND ARE STIPULATED WITHIN THE GRANT AGREEMENTS. SUBAWARD AMOUNTS ARE OUTLINED WITHIN THE GRANT CONTRACTS. 0 0 0 0 0 0 0 0 0 THOMAS BRACKEN TREASURER 0 433200 0 125000 0 0 0 0 0 22912 0 581112 0 0 DONNA CUSTARD PRESIDENT 0 147552 0 0 0 0 0 4658 0 20081 0 172291 0 0 FORM 990, SCHEDULE J, LINE 3: ALL SALARIES OF THE FOUNDATION ARE THOSE OF EMPLOYEES OF THE RELATED ORGANIZATION, NEW JERSEY STATE CHAMBER OF COMMERCE. THE FOUNDATION REIMBURSED NEW JERSEY STATE CHAMBER OF COMMERCE FOR SALARIES AND RELATED EXPENSES. NEW JERSEY STATE CHAMBER OF COMMERCE USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE PRESIDENT OF THE FOUNDATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 THE NJ STATE CHAMBER OF COMMERCE IS THE SOLE MEMBER OF THE NJ CHAMBER FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A THE NJ STATE CHAMBER OF COMMERCE IS THE SOLE MEMBER OF THE NJ CHAMBER FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7B THE NJ STATE CHAMBER OF COMMERCE IS THE SOLE MEMBER OF THE NJ CHAMBER FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY THE INDEPENDENT AUDITOR AND IS REVIEWED IN DETAIL BY THE PRESIDENT AND THE ACCOUNTING MANAGER. THE ACCOUNTING MANAGER EMAILS AN ELECTRONIC DRAFT OF THE FORM 990 TO THE BOARD FOR REVIEW PRIOR TO FILING. THE ACCOUNTING MANAGER AND PRESIDENT RESPOND TO ANY QUESTIONS OR CONCERNS THAT ARE BROUGHT TO THEIR ATTENTION. THE BOARD MUST APPROVE THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION HAS ADOPTED THE POLICIES OF THE NEW JERSEY STATE CHAMBER OF COMMERCE WHICH REQUIRE ANNUAL NOTIFICATION OF CONFLICTS OF INTEREST FROM BOARD MEMBERS. CONTRACTS FOR SERVICES ENTERED INTO BY THE NEW JERSEY STATE CHAMBER OF COMMERCE REQUIRE AN RFP, WHICH SURFACES ANY CONFLICTS. NOTIFICATION ANNUALLY OF THE CONFLICT OF INTEREST POLICY IS ADEQUATE FROM THE STANDPOINT OF BOARD PARTICIPATION IN CONTRACTS. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION DOES NOT HAVE ITS OWN EMPLOYEES. ALL EMPLOYEES ARE PAID BY NEW JERSEY STATE CHAMBER OF COMMERCE, AND LEASED TO THE FOUNDATION. THE PROCESS FOR DETERMINING THEIR COMPENSATION IS AN ANNUAL REVIEW FOR ALL EMPLOYEES, INCLUDING THE PRESIDENT, EACH JUNE. THE PRESIDENT TRANSMITS THE RECOMMENDED SALARIES FOR THE NEXT YEAR TO THE BOARD OF TRUSTEES, WHICH IS RESPONSIBLE FOR THE FINAL SALARY DECISIONS. THE BOARD OF TRUSTEES SETS THE ANNUAL COMPENSATION FOR THE PRESIDENT BASED ON PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 1023 AND FORMS 990 ARE AVAILABLE FOR PUBLIC INSPECTION UPON WRITTEN REQUEST TO THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, AUDITED FINANCIAL STATEMENTS AND POLICIES ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE ORGANIZATION. FORM 990, PART IX, LINES 5 AND 10 THE AMOUNTS LISTED ON PART IX, LINES 5 AND 10 INDICATE COMPENSATION AND RELATED BENEFITS PAID AND ACCRUED FOR THE FOUNDATION'S EMPLOYEES. THESE AMOUNTS ARE PAID DIRECTLY BY THE NEW JERSEY STATE CHAMBER OF COMMERCE (A RELATED PARTY). THE FOUNDATION REIMBURSED THE NEW JERSEY STATE CHAMBER OF COMMERCE FOR ALL AMOUNTS PAID. ALL W-2S ARE REPORTED BY THE NEW JERSEY STATE CHAMBER OF COMMERCE THEREFORE PART V, LINE 2A INDICATES 0 FOR THE FOUNDATION. FORM 990, PART XII, LINE 2C THE EXECUTIVE COMMITTEE OF THE BOARD IS RESPONSIBLE FOR SELECTING AN INDEPENDENT AUDIT FIRM AND FOR OVERSIGHT OF THE AUDIT AS WELL AS THE REVIEW AND APPROVAL OF THE AUDITED FINANCIAL STATEMENTS AND FORM 990. THIS PROCESS REMAINS UNCHANGED FROM PRIOR YEARS. NEW JERSEY STATE CHAMBER OF COMMERCE INC 216 WEST STATE STREET TRENTON NJ 08608 221153980 ADVOCACY FOR BUSINESSES IN THE STATE OF NEW JERSEY NJ 501(C)(6) N/A 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 NEW JERSEY STATE CHAMBER OF COMMERCE K 42000 CASH NEW JERSEY STATE CHAMBER OF COMMERCE P 607749 REIMBURSEMENT OF ACTUAL COST NEW JERSEY STATE CHAMBER OF COMMERCE C 42000 CASH