Civic Intelligence

Jsdd Foundation Inc.

990 • Fiscal year 2020 • EIN 83-0766028

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 21, 2021

270 Pleasant Valley WayWest Orange, NJ 07052

(973) 272-7148

Siviq Scores

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

Liabilities / Assets

10th percentile

0.01x

Higher debt load relative to assets than 10% of similar nonprofits.

2020 filings • NTEE P • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

14th percentile

0.05x

Higher debt load relative to revenue than 14% of similar nonprofits.

2020 filings • NTEE P • $5M-$10M nonprofits • Source year 2020

Net Margin

98th percentile

85%

Higher net margin than 98% of similar nonprofits.

2020 filings • NTEE P • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

40th percentile

$117,832

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 9.2% of source-year revenue.

2020 filings • NTEE P • $5M-$10M nonprofits • Source year 2020

Asset Growth

64th percentile

18%

Faster asset growth than 64% of similar nonprofits.

2020 filings • NTEE P • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

1st percentile

-80%

Faster revenue growth than 1% of similar nonprofits.

2020 filings • NTEE P • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$7,495,939

Up $1,156,185 (+18%) from 2019

Net Assets

Up

$7,428,125

Up $1,088,371 (+17%) from 2019

Liabilities

Up

$67,814

Up $67,814 from 2019

Revenue

Down

$1,285,034

Down $5,212,033 (-80%) from 2019

Expenses

Up

$193,807

Up $36,494 (+23%) from 2019

Net Income

Down

$1,091,227

Down $5,248,527 (-83%) from 2019

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2019: $6,339,754Liabilities 2019: $0Net Assets 2019: $6,339,7542019Assets 2020: $7,495,939Liabilities 2020: $67,814Net Assets 2020: $7,428,1252020Assets 2021: $7,653,115Liabilities 2021: $30,795Net Assets 2021: $7,622,3202021Assets 2022: $8,851,867Liabilities 2022: $532,746Net Assets 2022: $8,319,1212022Assets 2023: $8,210,948Liabilities 2023: $373,476Net Assets 2023: $7,837,4722023Assets 2024: $8,706,461Liabilities 2024: $127,730Net Assets 2024: $8,578,7312024Assets 2025: $8,592,625Liabilities 2025: $286,611Net Assets 2025: $8,306,0142025

Highlighted filing

2020

Assets$7,495,939
Liabilities$67,814
Net Assets$7,428,125

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $6,497,067Expenses 2019: $157,313Net Income 2019: $6,339,7542019Revenue 2020: $1,285,034Expenses 2020: $193,807Net Income 2020: $1,091,2272020Revenue 2021: $378,702Expenses 2021: $165,509Net Income 2021: $213,1932021Revenue 2022: $1,426,527Expenses 2022: $733,011Net Income 2022: $693,5162022Revenue 2023: $244,957Expenses 2023: $726,606Net Income 2023: -$481,6492023Revenue 2024: $1,392,539Expenses 2024: $665,760Net Income 2024: $726,7792024Revenue 2025: $397,470Expenses 2025: $704,457Net Income 2025: -$306,9872025

Highlighted filing

2020

Revenue$1,285,034
Expenses$193,807
Net Income$1,091,227
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 21, 2021
Return Version
2019v5.1
Gross Receipts
$1,285,034
Mission and Program Overview

Mission

Jsdd foundation was established for the sole purpose of receiving and administering funds for the educational and charitable purposes in support of the activities carried out by jewish service for the developmentallydisabled of metrowest, inc. Those activities include but are not limited to the development and implementation of jsdd's community-based residential services, jsdd's wae center, jsdd's therapeutic services, and the heidi gallery.

The foundation was established as a fundraising organization to help support the jewish service for the developmentally disabled of metrowest, inc.'s ("jsdd") mission of housing individuals with developmental disabilities and to operate the jsdd wae (wellness, arts and enrichment) center.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$3,857,198-
Pledges and Grants Receivable$4,338,116$2,059,071▼ $2,279,045
Other Notes and Loans Receivable, Net$1,841,360$0▼ $1,841,360
Land, Buildings, and Equipment, Net$155,580$1,389,787▲ $1,234,207
Cash and Non-Interest-Bearing Accounts$4,698$189,883▲ $185,185
Total Assets$6,339,754$7,495,939▲ $1,156,185
Liabilities
Accounts Payable and Accrued Expenses$0$67,814▲ $67,814
Total Liabilities$0$67,814▲ $67,814
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,339,723$7,412,695▲ $1,072,972
Net Assets Without Donor Restrictions$31$15,430▲ $15,399
Total Net Assets Fund Balance$6,339,754$7,428,125▲ $1,088,371
Total Liabilities and Net Assets / Fund Balance$6,339,754$7,495,939▲ $1,156,185

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,234,207-$1,234,207
Land$155,580-$155,580
Compensation and Service Providers

Employees

NameTitleOtherTotal
Linda PressExecutive Director$117,832$117,832

Board Members and Trustees

NameTitle
Barry GoldbergPresident
Larry ReinVice President
Donald PeskinTrustee
Lois RoseTrustee
Lori SolomonSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Sharpe Management LLCGeneral Contractor160 ESSEX ST SUITE 215, Lodi, NJ 07644$1,009,672
Revenue and Support

Revenue Composition

Contributions and Grants
$1,242,564
Program Service Revenue
$0
Investment Income
$42,470
Other Revenue
$0
All Other Contributions
$1,242,564
Change in Net Assets
$1,091,227

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,285,034
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-2,856
Total Revenue per Audited Statements
$1,282,178
Total Revenue per Form 990
$1,285,034
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$121,500
Total Fundraising Expense$89,199
Other Expenses$72,307
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$32,301$89,199$121,500
Other Expenses-$15,439-$15,439
Conferences and Meetings-$8,805-$8,805
Office Expenses-$2,300-$2,300
Occupancy-$992-$992
Total Functional Expenses$0$104,608$89,199$193,807

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$193,807
Total Expenses per Audited Statements$193,807
Total Expenses per Form 990$193,807
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is submitted electronically to the organization's board of trustees for any comments prior to its submission. The board of trustees is provided with time to review the prepared form 990 and provide their comments. Once all comments are addressed, the return is finalized and approved for filing.

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

The organization has a conflict of interest policy. All trustees and key employees are required to disclose interests that could give rise to conflicts. All interests reported are reviewed by the board for compliance with the policy or action if required after review.

Form 990, Part VI, Section B, Line 15

Salaries for the foundation are reimbursed to jsdd. Jsdd has compensation procedures that include an annual review and approval for all employees salaries by the board of trustees through the budget process. As part of the budget process, salaries for key employees are reviewed. Comparability with salaries for positions with similar responsibilities within like size organizations within the region are made on a regular basis. Additionally, there is information available on salaries for organizations within the state that provide the same type of service that is also utilized.

Form 990, Part VI, Section C, Line 18

The organization makes these documents available to the public upon request.

Form 990, Part VI, Section C, Line 19

The form 990 and financial statements are available on request. Additional governing documents are also available upon written request.

Filing and Contact Details

Filer

Filer Name
Jsdd Foundation Inc
EIN
83-0766028
Phone
9732727148
Address
270 PLEASANT VALLEY WAY, WEST ORANGE, NJ 07052

Signing Officer

Name
Linda Press
Title
Executive Director
Phone
9732727148
Signed
2021-01-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Press
Formed
2018
Legal Domicile
Nj
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Sax Llp
Address
389 INTERPACE PARKWAY, PARSIPPANY, NJ 07054
Preparer
Maria Plucinsky
Phone
9734726250
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Jsdd foundation, inc. Is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. Accordingly, no provision for income taxes has been recorded in the statement of activities and change in net assets. Based on the evaluations of the foundation's tax positions, the foundation believes all positions taken would more likely than not be realized. There are no uncertain tax positions that have been recorded by the foundation and there are no open tax years subject to examination prior to june 30, 2019, its initial filing year. In addition, there are no tax penalties or interest for the periods reported in these financial statements.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0JSDD FOUNDATION, INC. IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE STATEMENT OF ACTIVITIES AND CHANGE IN NET ASSETS. BASED ON THE EVALUATIONS OF THE FOUNDATION'S TAX POSITIONS, THE FOUNDATION BELIEVES ALL POSITIONS TAKEN WOULD MORE LIKELY THAN NOT BE REALIZED. THERE ARE NO UNCERTAIN TAX POSITIONS THAT HAVE BEEN RECORDED BY THE FOUNDATION AND THERE ARE NO OPEN TAX YEARS SUBJECT TO EXAMINATION PRIOR TO JUNE 30, 2019, ITS INITIAL FILING YEAR. IN ADDITION, THERE ARE NO TAX PENALTIES OR INTEREST FOR THE PERIODS REPORTED IN THESE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS SUBMITTED ELECTRONICALLY TO THE ORGANIZATION'S BOARD OF TRUSTEES FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE BOARD OF TRUSTEES IS PROVIDED WITH TIME TO REVIEW THE PREPARED FORM 990 AND PROVIDE THEIR COMMENTS. ONCE ALL COMMENTS ARE ADDRESSED, THE RETURN IS FINALIZED AND APPROVED FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY. ALL TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. ALL INTERESTS REPORTED ARE REVIEWED BY THE BOARD FOR COMPLIANCE WITH THE POLICY OR ACTION IF REQUIRED AFTER REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SALARIES FOR THE FOUNDATION ARE REIMBURSED TO JSDD. JSDD HAS COMPENSATION PROCEDURES THAT INCLUDE AN ANNUAL REVIEW AND APPROVAL FOR ALL EMPLOYEES SALARIES BY THE BOARD OF TRUSTEES THROUGH THE BUDGET PROCESS. AS PART OF THE BUDGET PROCESS, SALARIES FOR KEY EMPLOYEES ARE REVIEWED. COMPARABILITY WITH SALARIES FOR POSITIONS WITH SIMILAR RESPONSIBILITIES WITHIN LIKE SIZE ORGANIZATIONS WITHIN THE REGION ARE MADE ON A REGULAR BASIS. ADDITIONALLY, THERE IS INFORMATION AVAILABLE ON SALARIES FOR ORGANIZATIONS WITHIN THE STATE THAT PROVIDE THE SAME TYPE OF SERVICE THAT IS ALSO UTILIZED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 AND FINANCIAL STATEMENTS ARE AVAILABLE ON REQUEST. ADDITIONAL GOVERNING DOCUMENTS ARE ALSO AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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