2024-05-02T09:34:09-05:00 2023-12-31 221478099 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2023-01-01 223448677 SUSSEX EDUCATIONAL FOUNDATION INC C/O BERKELEY COLLEGE SUSS 8624378515 44 RIFLE CAMP ROAD WOODLAND PARK NJ 07424 STEPHEN RUTKOWSKI TREASURER 8624378515 2024-05-02 1 STEPHEN RUTKOWSKI 999009999 1 LAURA KIELCZEWSKI P00740769 9732283500 2024-04-29 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z STEPHEN RUTKOWSKI 44 RIFLE CAMP ROAD WOODLAND PARK NJ 07424 127492 0 X N/A X 1996 NJ PROVIDE GRANTS TO CHARITABLE ORGANIZATIONS SEEKING TO FURTHER THE EDUCATIONAL OPPORTUNITIES FOR START-UP ENTREPRENEURS. 3 3 0 3 0 0 0 0 0 0 116958 120392 0 7100 116958 127492 0 0 0 0 0 0 0 0 0 517857 20043 517857 20043 -400899 107449 4519734 5150748 321 321 4519413 5150427 PROVIDE GRANTS TO CHARITABLE ORGANIZATIONS SEEKING TO FURTHER THE EDUCATIONAL OPPORTUNITIES FOR START-UP ENTREPRENEURS. 0 0 20043 7100 PROVIDE GRANTS TO CHARITABLE ORGANIZATIONS SEEKING TO FURTHER THE EDUCATIONAL OPPORTUNITIES FOR START-UP ENTREPRENEURS. 20043 1 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 NJ X X STEPHEN RUTKOWSKI 8624378515 44 RIFLE CAMP ROAD WOODLAND PARK NJ 07424 X RICK BEYE OUTGOING TRUSTEE 1.00 X 0 0 0 SAMUEL MORREALE TRUSTEE 1.00 X 0 0 0 STEPHEN RUTKOWSKI TREASURER 1.00 X X 0 0 0 THOMAS MARINO TRUSTEE 1.00 X 0 0 0 0 0 0 0 0 0 0 0 103041 103041 17351 0 17351 17351 17351 7100 7100 7100 127492 7100 0 120392 BANK SERVICE CHARGES 19968 19968 75 75 20043 20043 0 0 37740 53976 726132 674926 2187483 2187483 0 0 3451436 4106267 247186 315579 57240 0 4519734 5150748 321 321 321 321 X 4519413 5150427 4519413 5150427 4519734 5150748 107449 523565 0 X 0 0 0 X 866004 866004 1732008 866004 866004 1732008 0 0 0 1732008 119731 58182 46977 80959 103041 408890 119731 58182 46977 80959 103041 408890 3169 7100 10269 985735 924186 50146 80959 110141 2151167 0.80510 0.87250 0.19010 0.12650 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2021 AMOUNT: $ 3,169. 2023 AMOUNT: $ 7,100. 2176479 2176479 0 11004 11004 0 0 HEDGE FUNDS 207615 F REAL ASSETS 107964 F 315579 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION DOES HAVE MEMBERS, INCLUDING KEVIN LUING, RANDY LUING AND TIMOTHY LUING. THEY ONLY HAVE THE RIGHT TO APPOINT BOARD MEMBERS, BUT DO NOT HAVE THE AUTHORITY TO APPROVE DECISIONS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE LUING FAMILY HAVE THE AUTHORITY TO APPOINT THE BOARD OF DIRECTORS OF SUSSEX EDUCATIONAL FOUNDATION, INC (SEF). NONE OF THE LUINGS SERVE AS OFFICERS, DIRECTORS OR TRUSTEES AND THEY DO NOT RECEIVE COMPENSATION FROM SEF. AS SUCH, THEY ARE NOT BOARD MEMBERS AND THEY DO NOT HAVE THE RIGHT TO VOTE ON MATTERS BROUGHT BEFORE THE BOARD. THEY DO NOT HAVE ANY RIGHTS TO A SHARE OF THE ORGANIZATION'S PROFITS OR NET ASSETS UPON THE ORGANIZATION'S DISSOLUTION. FORM 990, PART VI, SECTION A, LINE 7B THE THREE MEMBERS OF THE LUING FAMILY WHO ARE MEMBERS OF SUSSEX EDUCATIONAL FOUNDATION, INC DO NOT VOTE ON MATTERS BROUGHT BEFORE THE BOARD. HOWEVER, AS PREVIOUSLY NOTED, THEY HAVE THE RIGHT TO APPOINT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE CFO REVIEWS THE 990 AND THEN DISCUSSES IT WITH THE BOARD MEMBERS WHO HAVE EACH BEEN GIVEN A COPY FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE ORGANIZATION DISTRIBUTES A CONFLICT OF INTEREST POLICY TO BOARD MEMBERS FOR THEIR REVIEW AND THEIR ACKNOWLEDGEMENT THAT THEY ARE AWARE OF THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THERE WAS NO COMPENSATION PAID TO EITHER OFFICERS, KEY EMPLOYEES OR OTHER EMPLOYEES IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.