Civic Intelligence

New Jersey School Administrators Education and Research Foundation

990 • Fiscal year 2017 • EIN 22-2228081

Jul 01, 2016 to Jun 30, 2017 • Filed on May 10, 2018

920 West State StreetTrenton, NJ 08618

(609) 599-2900

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

1.73x

Higher debt load relative to assets than 96% of similar nonprofits.

2017 filings • NTEE B99 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

92nd percentile

0.45x

Higher debt load relative to revenue than 92% of similar nonprofits.

2017 filings • NTEE B99 • <$500k nonprofits • Source year 2017

Net Margin

31st percentile

-4.3%

Higher net margin than 31% of similar nonprofits.

2017 filings • NTEE B99 • <$500k nonprofits • Source year 2017

Top Officer Pay

99th percentile

$242,220

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 65.3% of source-year revenue.

2017 filings • NTEE B99 • <$500k nonprofits • Source year 2017

Asset Growth

91st percentile

86%

Faster asset growth than 91% of similar nonprofits.

2017 filings • NTEE B99 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

78th percentile

36%

Faster revenue growth than 78% of similar nonprofits.

2017 filings • NTEE B99 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$95,455

Up $44,181 (+86%) from 2016

Net Assets

Down

-$70,132

Down $16,070 (-30%) from 2016

Liabilities

Up

$165,587

Up $60,251 (+57%) from 2016

Revenue

Up

$371,143

Up $98,941 (+36%) from 2016

Expenses

Up

$387,213

Up $59,342 (+18%) from 2016

Net Income

Up

-$16,070

Up $39,599 (+71%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500K-$1.0MAssets 2011: $917Liabilities 2011: $02011Assets 2012: $1,513Liabilities 2012: $02012Assets 2013: $1,909Liabilities 2013: $02013Assets 2016: $51,274Liabilities 2016: $105,336Net Assets 2016: -$54,0622016Assets 2017: $95,455Liabilities 2017: $165,587Net Assets 2017: -$70,1322017Assets 2018: $24,959Liabilities 2018: $98,644Net Assets 2018: -$73,6852018Assets 2019: $55,304Liabilities 2019: $228,916Net Assets 2019: -$173,6122019Assets 2020: $78,055Liabilities 2020: $240,640Net Assets 2020: -$162,5852020Assets 2021: $91,521Liabilities 2021: $392,210Net Assets 2021: -$300,6892021Assets 2022: $91,333Liabilities 2022: $468,441Net Assets 2022: -$377,1082022Assets 2023: $91,349Liabilities 2023: $542,392Net Assets 2023: -$451,0432023Assets 2024: $91,398Liabilities 2024: $665,654Net Assets 2024: -$574,2562024

Highlighted filing

2017

Assets$95,455
Liabilities$165,587
Net Assets-$70,132

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $4,104Expenses 2011: $4,025Net Income 2011: $792011Revenue 2012: $4,701Expenses 2012: $4,105Net Income 2012: $5962012Revenue 2013: $4,400Expenses 2013: $4,004Net Income 2013: $3962013Revenue 2016: $272,202Expenses 2016: $327,871Net Income 2016: -$55,6692016Revenue 2017: $371,143Expenses 2017: $387,213Net Income 2017: -$16,0702017Revenue 2018: $618,180Expenses 2018: $621,733Net Income 2018: -$3,5532018Revenue 2019: $637,975Expenses 2019: $737,902Net Income 2019: -$99,9272019Revenue 2020: $686,197Expenses 2020: $675,170Net Income 2020: $11,0272020Revenue 2021: $536,856Expenses 2021: $674,960Net Income 2021: -$138,1042021Revenue 2022: $578,531Expenses 2022: $654,950Net Income 2022: -$76,4192022Revenue 2023: $597,528Expenses 2023: $671,463Net Income 2023: -$73,9352023Revenue 2024: $560,845Expenses 2024: $684,058Net Income 2024: -$123,2132024

Highlighted filing

2017

Revenue$371,143
Expenses$387,213
Net Income-$16,070
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 10, 2018
Return Version
2016v3.0
Gross Receipts
$371,143
Mission and Program Overview

Mission

New jersey school administrators education research foundation (njsaerf) mission is to support the learning research efforts of the njasa, and optimize the professional development of new jersey's public school leaders to ensure a superior statewide education system. The foundation's goal is to conduct and distribute influential research to new jersey stakeholders who effect educational regulations, legislation and policy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$49,671$90,466▲ $40,795
Cash and Non-Interest-Bearing Accounts$1,603$4,989▲ $3,386
Total Assets$51,274$95,455▲ $44,181
Liabilities
Other Liabilities$48,089$133,358▲ $85,269
Deferred Revenue$57,247$32,229▼ $25,018
Total Liabilities$105,336$165,587▲ $60,251
Net Assets / Fund Balance
Unrestricted Net Assets$-54,062$-70,132▼ $16,070
Total Net Assets Fund Balance$-54,062$-70,132▼ $16,070
Total Liabilities and Net Assets / Fund Balance$51,274$95,455▲ $44,181
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary CapassoDirectorPT$57,351$75,921$133,272
Richard BozzaTreasurer/executive DirectPT$28,480$1,798$30,278
Maria M WietrzychowskiChief Association CounselPT$15,609$3,451$19,060

Board Members and Trustees

NameTitle
Judith RattnerPresident
David ScelbaTrustee
Mort ReinhartTrustee
Brian ZychowskiSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$371,143
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-16,070
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$220,843
Other Expenses$166,370
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$113,348$34,534-$147,882
Current Officers, Directors, Trustees, and Key Employees$88,890$27,082-$115,972
Pension Plan Contributions$36,970$11,264-$48,234
Other Salaries and Wages$31,106$9,475-$40,581
Payroll Taxes$8,973$2,734-$11,707
Office Expenses$7,481$2,280-$9,761
Insurance$3,400$1,036-$4,436
Other Employee Benefits$3,333$1,016-$4,349
Occupancy$3,199$974-$4,173
Other Expenses$91$27-$118
Total Functional Expenses$296,791$90,422$0$387,213
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Njasa$133,358
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The new jersey administrators education and research foundation 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 executive committee members of the association's 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 until the return is finalized and approved for filing.

Form 990, Part VI, Section B, Line 12C

The new jersey administrators education and research foundation currently has in place a conflict of interest policy which it regularly monitors and enforces. The executive committee members mandate 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 organization's officers or key employees is reviewed and approved by the executive committee officers, an independent body.

Form 990, Part VI, Section C, Line 19

The new jersey administrators education and research foundation makes its form 990 available for public inspection as required under section 6104 of the internal revenue code upon written request at the association's office at 920 west state street, trenton, new jersey 08618. In addition, form 1023, the financial statements, as well as the conflict of interest policy are available upon written request at the association's office at 920 west state street, trenton, new jersey 08618.

Filing and Contact Details

Filer

Filer Name
New Jersey School Administrators
EIN
22-2228081
Phone
6095992900
Address
920 WEST STATE STREET, TRENTON, NJ 08618

Signing Officer

Name
Richard G Bozza
Title
Executive Director
Phone
6095992900
Signed
2018-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard G Bozza
Formed
1940
Legal Domicile
Nj
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Nisivoccia Llp
Address
200 VALLEY RD SUITE 300, MT ARLINGTON, NJ 07856
Preparer
Chris Perrotta CPA
Phone
9733281825
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional fees: program service expenses 113,348. Management and general expenses 34,534. Fundraising expenses 0. Total expenses 147,882.

Form 990 Part XII Line 2C

There was no change from the prior year.

Financial Statement Notes

PART X, LINE 2:

The foundation is a not-for-profit corporation as described in section 501(c)(3) of the internal revenue code and is thereby exempt from federal income taxes on related income pursuant to section 501(a) of the code. The foundation 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 taxes has been presented in the accompanying consolidated financial statements. The foundation 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 consolidated 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. The foundation does not expect a significant increase or decrease to the total amounts of unrecognized tax positions during the fiscal year ended june 30, 2017. However, the foundation is subject to regular audit by tax authorities, including a review of its nonprofit status which management believes would be upheld upon examination. The foundation 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, the foundation files an informational return with the united states federal jurisdiction on an annual basis. The foundation files form 990 with the internal revenue service. This return is subject to examination by the internal revenue service within three years form the latest filing date.

Raw XML AppendixShowing 400 of 445 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0EDUCATION SERVICES:RESIDENCY PROGRAM: NASA OFFERS THE RESIDENCY PROGRAM AS THE CAPSTONE LEARNING EXPERIENCE THAT WILL RESULT IN ATTAINMENT OF THE STANDARD SCHOOL ADMINISTRATOR CERTIFICATE.HISTORY: IN THE FALL OF 2012, NJASA APPEALED TO THE NEW JERSEY DEPARTMENT OF EDUCATION (DOE) TO MAKE REVISIONS TO THE RESIDENCY PROGRAM THAT WOULD IMPROVE OUR PRACTICE, ENHANCE ACCOUNTABILITY, AND ADDRESS THE INADEQUACIES OF THE PREVIOUS RESIDENCY PROGRAM FOR SCHOOL ADMINISTRATORS IN NEW JERSEY. DOE AND NJASA CONDUCTED FOCUS GROUPS OF RECENT RESIDENTS TO IDENTIFY ELEMENTS OF THE PROGRAM IN NEED OF IMPROVEMENT. ADDITIONALLY, NJASA SURVEYED AASA AFFILIATES ACROSS THE COUNTRY ABOUT THEIR POLICIES AND PRACTICE.DOE ISSUED A REQUEST FOR QUALIFICATIONS, SOLICITING PROFESSIONAL ORGANIZATIONS, AGENCIES AND UNIVERSITIES TO ADMINISTER THE NJSARP(NEW JERSEY SCHOOL ADMINISTRATORS RESIDENCY PROGRAM) ON BEHALF OF THE STATE. DESPITE NUMEROUS APPLICATIONS, THE NJASA WAS NAMED AS THE SOLE PROVIDER FOR SCHOOL ADMINISTRATORS. THE CURRENT PROGRAM REFLECTS THE FRAMEWORK AND DESIGN REQUIRED BY THE DOE, AS WELL AS BY RESEARCH AND BEST PRACTICE.THE NJSARP IS A HIGHLY INDIVIDUALIZED AND PERSONALIZED DESIGN, BASED ON THREE INTERRELATED COMPONENTS:MENTOR SUPPORTNEW SUPERINTENDENTS' ACADEMY (NSA), A SYSTEM OF PROFESSIONAL DEVELOPMENT EXPERIENCES FOCUSED ON THE COMMON NEEDS AND INTERESTS OF FIRST TIME SCHOOL DISTRICT LEADERS. NETWORKS OF PROFESSIONAL SUPPORT, BUILDING UPON THE FOUNDATION OF COHORT RELATIONSHIPS AMONG RESIDENTS AND MENTOR, AND MANY NETWORKS OF PROFESSIONAL SUPPORT THROUGHOUT THE STATE.THE 2016-2017 NJSARP WILL SEE BETWEEN 60 AND 80 SCHOOL LEADERS SUCCESSFULLY COMPLETE THE REQUIREMENTS OF THIS PROGRAM.WOMEN'S CONFERENCE: AN ANNUAL COLLABORATIVE CONFERENCE WITH THE AMERICAN ASSOCIATION OF SCHOOL ADMINISTRATORS (AASA), THE NEW JERSEY PRINCIPALS AND SUPERVISORS ASSOCIATION (NJPSA) AND THE FOUNDATION FOR EDUCATIONAL ADMINISTRATION (FEA). THIS CONFERENCE IS DESIGNED TO SUPPORT THE WORK OF WOMEN IN EDUCATIONAL LEADERSHIP AND IS OPEN TO BOTH MEN AND WOMEN WHO WISH TO BENEFIT FROM THE EVENT.ON MARCH 30-31, 2017, ALL THREE ASSOCIATIONS HOSTED THE 2ND ANNUAL WOMEN'S LEADERSHIP CONFERENCE IN MONROE TOWNSHIP, NEW JERSEY. 200 + ATTENDED THE 2 DAY CONFERENCE AND A WAIVER FOR OVERNIGHT TRAVEL WAS GRANTED BY THE COMMISSIONER OF EDUCATION FOR THE FIRST NIGHT OF THE EVENT. EDUCATIONAL STRANDS INCLUDED:PATHWAYS TO LEADERSHIP NEW CENTURY LEADERSHIP AND MANAGEMENT SKILLS ROLES THAT SUCCESSFUL LEADERS EXHIBIT WORK/LIFE BALANCE ACCESS, CULTURAL PROFICIENCIES AND EQUITY STEAM SCHOOL SAFETY AND CRISIS MANAGEMENT BEING AN EFFECTIVE NEGOTIATOR COACHING AND MENTORING ASPIRING LEADERS ESSA AND THE N.J. STATE PLANPLANS ARE BEING MADE FOR THE 3RD ANNUAL WOMEN'S LEADERSHIP CONFERENCE TO BE HELD ON MARCH 8-9, 2018.PROFESSIONAL DEVELOPMENT: NJASA/NJSAERF HOSTED A SERIES OF 9/ONE-DAY SEMINARS THROUGHOUT THE YEAR AT THE RAMADA CONFERENCE CENTER IN MONROE TOWNSHIP, NEW JERSEY. THIS PROFESSIONAL DEVELOPMENT OPPORTUNITY FOR MEMBERS AND NON MEMBERS ALIKE IS DESIGNED TO ENHANCE THE KNOWLEDGE, SKILLS AND VALUES OF NEW JERSEY SCHOOL ADMINISTRATORS, TO ASSIST IN THE RUNNING OF SCHOOL DISTRICTS WITH OPTIMUM SUCCESS. TOPICS IN 2016-2017 RANGED IN DISCIPLINE AS FOLLOWS:FUTURE AND CAREER READY FOCUSSCHOOL CULTURE AND CLIMATENEW LEADERSHIP STANDARDSBOARD OF EDUCATION RELATIONSVISION OF PERSONALIZED LEARNINGTECHNOLOGY STANDARDSCYBER SECURITYDISTRICT IMAGECOLLABORATIVE DECISION MAKINGEDTECH ACADEMYNJASA/NJSAERF HOSTED A SERIES OF EDTECH WORKSHOPS IN 2016-2017.FEATURING NEARLY 9 SESSIONS, ATTENDEES WILL DISCOVER THE LATEST EDUCATION TRENDS, LEARN ABOUT NEW INNOVATIONS AND PRACTICES FROM THE EDTECH INDUSTRY, AND MEET OTHER EDUCATORS IN INTERACTIVE SESSIONS. EDUCATORS WHO ATTEND THESE WORKSHOPS LEAVE WITH NEW IDEAS FOR BRINGING TECHNOLOGY INTO THE CLASSROOM WITH ALREADY AVAILABLE TOOLS, AS WELL AS ADDITIONAL TEACHING STRATEGIES TO BETTER ENGAGE STUDENTS AND INCREASE STUDENT SUCCESS
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IRS990/MissionDesc0NEW JERSEY SCHOOL ADMINISTRATORS EDUCATION RESEARCH FOUNDATION (NJSAERF) MISSION IS TO SUPPORT THE LEARNING RESEARCH EFFORTS OF THE NJASA, AND OPTIMIZE THE PROFESSIONAL DEVELOPMENT OF NEW JERSEY'S PUBLIC SCHOOL LEADERS TO ENSURE A SUPERIOR STATEWIDE EDUCATION SYSTEM. THE FOUNDATION'S GOAL IS TO CONDUCT AND DISTRIBUTE INFLUENTIAL RESEARCH TO NEW JERSEY STAKEHOLDERS WHO EFFECT EDUCATIONAL REGULATIONS, LEGISLATION AND POLICY.
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0RICHARD G BOZZA
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IRS990/ProgramServiceRevenueGrp/Desc0MEMBER SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1CONFERENCES
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IRS990/ProgSrvcAccomActy2Grp/Desc0MEMBERSHIP SERVICES:IN ADDITION TO OFFERING PROFESSIONAL DEVELOPMENT, CONFERENCES AND PUBLICATIONS TO MEMBERSHIP, NJASA/NJSAERF MEMBERSHIP OFFERS:LEGISLATIVE SERVICES: NJASA/NJSAERF PROVIDES A UNIFIED VOICE FOR MEMBERS ON ISSUES AFFECTING FUNDING AND THE DAILY OPERATIONS FOR NEW JERSEY PUBLIC SCHOOLS.THE ASSOCIATION VIGOROUSLY AND PROACTIVELY REPRESENTS MEMBERS' INTERESTS BEFORE THE NEW JERSEY LEGISLATURE, NEW JERSEY ADMINISTRATION, AND WHEN NECESSARY THE JUDICIAL SYSTEM.THE ASSOCIATION REVIEWS LEGISLATION IMPACTING EDUCATION AND REPRESENTS MEMBERS' INTEREST BEFORE THE GOVERNOR'S OFFICE AND NEW JERSEY LEGISLATURE.LEGAL SERVICES: THE LEGAL DEPARTMENT KEEPS MEMBERS ADVISED OF NEW CHANGES IN THE LAWS, NEW CASE LAW INTERPRETATIONS OF EXISTING LAWS AND NEW POLICY SUGGESTIONS TO ARTICULATE AND IMPLEMENT COMPLIANCE WITH LEGAL GUIDELINES AND MANDATES. IN ADDITION TO INFORMATION AND LEGAL COUNSEL, THE LEGAL DEPARTMENT PROVIDES DIRECT LEGAL REPRESENTATION TO PROTECT MEMBER RIGHTS IN SITUATIONS SUCH AS TENURE CHARGES, SALARY INCREMENT WITHHOLDING, IMPROPER DEMOTION AND OTHER EMPLOYMENT RELATED CONTROVERSIES THAT MAY BE BROUGHT BEFORE THE COMMISSIONER OF EDUCATION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0132529
IRS990/ProgSrvcAccomActy3Grp/Desc0PUBLICATIONS: NJASA/NJSAERF DELIVERS EDUCATION-SPECIFIC NEWS AND INFORMATION TO MEET THE UNIQUE NEEDS OF SCHOOL SYSTEM LEADERS. MANY OF THESE PUBLICATIONS ARE OFFERED AS A BENEFIT OF MEMBERSHIP. ALL ARE ONLINE PUBLICATIONS.ON TARGET IS A BI-MONTHLY PUBLICATION FILLED WITH INFORMATIVE ARTICLES WRITTEN TO HELP YOU WITH YOUR EVERYDAY CHALLENGES.THE SOURCE ENEWSLETTER IS A BI-WEEKLY ALERT DESIGNED TO PROVIDE TIMELY NEWS BRIEFS.EYES ON THE NEW JERSEY STATE BOARD OF EDUCATION IS A MONTHLY NEWSLETTER TO KEEP MEMBERS ABREAST OF WHAT IS HAPPENING AT THE NEW JERSEY STATE BOARD OF EDUCATION.AHEAD ON STATE STREET NJASA AT THE CAPITOL LEGISLATIVE UPDATE IS PUBLISHED SEVERAL TIMES PER MONTH TO KEEP MEMBERS INFORMED OF ALL IMPORTANT EDUCATION-RELATED LEGISLATIVE ISSUES.
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
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IRS990/RelatedEntityInd01
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IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO NJASA
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS THEREBY EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE FOUNDATION 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 TAXES HAS BEEN PRESENTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE FOUNDATION 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 CONSOLIDATED 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. THE FOUNDATION DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE FISCAL YEAR ENDED JUNE 30, 2017. HOWEVER, THE FOUNDATION IS SUBJECT TO REGULAR AUDIT BY TAX AUTHORITIES, INCLUDING A REVIEW OF ITS NONPROFIT STATUS WHICH MANAGEMENT BELIEVES WOULD BE UPHELD UPON EXAMINATION. THE FOUNDATION 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, THE FOUNDATION FILES AN INFORMATIONAL RETURN WITH THE UNITED STATES FEDERAL JURISDICTION ON AN ANNUAL BASIS. THE FOUNDATION FILES FORM 990 WITH THE INTERNAL REVENUE SERVICE. THIS RETURN IS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE WITHIN THREE YEARS FORM THE LATEST FILING DATE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleJ/AnyNonFixedPaymentsInd00
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RICHARD BOZZA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1MARIA M WIETRZYCHOWSKI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TREASURER/EXECUTIVE DIRECT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CHIEF ASSOCIATION COUNSEL
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE COMPENSATION OF THE ORGANIZATION'S OFFICERS OR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OFFICERS, AN INDEPENDENT BODY OF A RELATED ORGANIZATION, THE NEW JERSEY ASSOCIATION OF SCHOOL ADMINISTRATORS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE NEW JERSEY ADMINISTRATORS EDUCATION AND RESEARCH FOUNDATION 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 EXECUTIVE COMMITTEE MEMBERS OF THE ASSOCIATION'S 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 UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE NEW JERSEY ADMINISTRATORS EDUCATION AND RESEARCH FOUNDATION CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE EXECUTIVE COMMITTEE MEMBERS MANDATE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION OF THE ORGANIZATION'S OFFICERS OR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OFFICERS, AN INDEPENDENT BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE NEW JERSEY ADMINISTRATORS EDUCATION AND RESEARCH FOUNDATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON WRITTEN REQUEST AT THE ASSOCIATION'S OFFICE AT 920 WEST STATE STREET, TRENTON, NEW JERSEY 08618. IN ADDITION, FORM 1023, THE FINANCIAL STATEMENTS, AS WELL AS THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE ASSOCIATION'S OFFICE AT 920 WEST STATE STREET, TRENTON, NEW JERSEY 08618.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 113,348. MANAGEMENT AND GENERAL EXPENSES 34,534. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 147,882.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THERE WAS NO CHANGE FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART XII LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NEW JERSEY ASSOCIATION OF SCHOOL ADMINISTRATORS
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOLARSHIP AWARDS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0PUBLIC ASSOCIATION
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IRS990ScheduleR/PerformOfServicesForOthOrgInd01
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NEW JERSEY ASSOCIATION OF SCHOOL ADMINISTRATION FOUNDATION
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IRS990/UnrelatedBusIncmOverLimitInd00
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