2023-11-15T14:48:31-06:00 2022-12-31 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2022-01-01 222582265 POPE JOHN XXIII ENDOWMENT FUND INC POPE 9734407504 PO BOX 947 SPARTA NJ 07871 JOHN URSIN PRESIDENT 9734407504 2023-11-15 1 JOHN URSIN 999009999 0 ANTHONY RISPOLI P02467381 9733281825 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN URSIN PO BOX 947 SPARTA NJ 07871 238132 0 X POPEJOHNENDOWMENT.ORG X 1985 NJ TO SUPPORT POPE JOHN HIGH SCHOOL IN SPARTA, NJ IN PROVIDING EDUCATIONAL SERVICES. 11 11 1 0 0 0 36113 20411 0 0 -1369426 106417 34200 50951 -1299113 177779 29000 131000 0 0 38350 43761 0 0 0 232023 226080 299373 400841 -1598486 -223062 6026127 4870317 188950 186274 5837177 4684043 TO SUPPORT POPE JOHN HIGH SCHOOL IN SPARTA, NJ IN PROVIDING EDUCATIONAL SERVICES. 0 0 198720 131000 50951 TO SUPPORT THE EDUCATIONAL SERVICES PROVIDED BY POPE JOHN XXIII HIGH SCHOOL IN SPARTA, NJ. 198720 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 9 0 1 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NJ X THE ORGANIZATION 9734407504 PO BOX 947 SPARTA NJ 07871 JOHN URSIN PRESIDENT 5.00 X X 0 0 0 JOSEPH BIONDO VICE PRESIDENT 5.00 X X 0 0 0 PJ WIEBEL TREASURER 5.00 X X 0 0 0 JOHN TRACHY ASSISTANT TREASURER 5.00 X X 0 0 0 JOHN MEEHAN SECRETARY 5.00 X X 0 0 0 MICHAEL MAROTTE TRUSTEE 2.00 X 0 0 0 MARLA RANIERI PITUCH TRUSTEE 2.00 X 0 0 0 FR WALTER JENKINS TRUSTEE 2.00 X 0 0 0 JOSEPH MACALUSO TRUSTEE 2.00 X 0 0 0 THOMASINA O'BOYLE TRUSTEE 2.00 X 0 0 0 MICHAEL WHITTAM TRUSTEE 2.00 X 0 0 0 ELIZABETH BEALE EXECUTIVE DIRECTOR 30.00 X 39595 0 0 39595 0 0 0 0 0 0 0 20411 20411 129645 129645 34200 0 34200 34200 34200 37125 24055 36298 13070 -36298 -23228 -23228 OTHER INCOME 900099 16751 16751 16751 177779 50951 0 106417 100000 100000 31000 31000 39595 39595 4166 4166 13200 13200 9843 9843 3561 3561 893 893 87745 87745 36925 36925 6406 6406 8228 8228 REPAIRS AND MAINTENANCE 35320 35320 EDUCATION SERVICES 23959 23959 400841 198720 202121 0 50894 519043 150323 223547 37093 29934 5600 11643 374 374 341880 63863 320263 278017 4354223 3433056 1107357 374703 6026127 4870317 1364 9695 183386 172379 4200 4200 188950 186274 X 4625318 3489184 1211859 1194859 5837177 4684043 6026127 4870317 -223062 -930072 0 X X 0 1 X 1 0 X X 1 POPE JOHN HIGH SCHOOL 453657179 2 1 100000 0 1 100000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 X 1 1 PART IV, SECTION D, LINE 2: POPE JOHN XXIII REGIONAL HIGH SCHOOL REPRESENTATIVES ARE IN CONSTANT CONTACT WITH THE POPE JOHN XXII ENDOWMENT FUND'S BOARD AT THE MEETINGS. THE HIGH SCHOOL KEEPS THE BOARD INFORMED CONCERNING ITS ACTIVITIES AND REQUESTS FUNDS TO SUPPORT ITS STUDENTS AND EDUCATIONAL PROGRAMS. PART IV, SECTION E, LINE 2A: POPE JOHN XXIII REGIONAL HIGH SCHOOL IS THE SUPPORTED ORGANIZATION. THE ACTIVITIES OF THE ENDOWMENT FUND PROVIDE SUPPORT FOR ITS EDUCATIONAL PROGRAMS. POPE JOHN HIGH SCHOOL REQUESTS FUNDS FROM THE POPE JOHN XXIII ENDOWMENT FUND TO SUPPORT ITS EDUCATIONAL PROGRAMS. PART IV, SECTION E, LINE 2B: POPE JOHN HIGH SCHOOL RELIES ON THE FINANCIAL SUPPORT FROM POPE JOHN XXIII ENDOWMENT FUND TO SUPPORT ITS EDUCATIONAL PROGRAMS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1211859 -17000 1194859 1194859 17000 1211859 1068948 125911 1194859 927360 141588 1068948 914799 12561 927360 0.00000 0.00825 0.99175 0 0 60403 60403 270533 55084 215449 10944 8779 2165 278017 PROPERTIES HELD FOR EXPANSION AND AVAILABLE FOR SALE 270552 SECURITY DEPOSIT 4151 DUE FROM POPE JOHN ACADEMY 100000 374703 SECURITY DEPOSIT 4200 4200 X -752293 -930072 -930072 177779 0 177779 400841 0 400841 0 400841 PART X, LINE 2: THE FOUNDATION IS AN APPROVED CHARITABLE, NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS AN EXEMPT ENTITY UNDER TITLE 15 OF THE STATE OF NEW JERSEY, CORPORATIONS AND ORGANIZATIONS NOT-FOR-PROFIT ACT. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAX HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT HAS STATED THAT ALL REQUIRED TAX RETURNS WILL BE FILED AND APPLICABLE TAXES PAID IN A TIMELY MANNER. 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 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 YEARS ENDED DECEMBER 31, 2022 AND 2021. HOWEVER, THE FOUNDATION IS SUBJECT TO REGULAR AUDIT BY TAX AUTHORITIES, INCLUDING A REVIEW OF ITS NONPROFIT STATUS, WHICH THE FOUNDATION 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 INFORMATIONAL TAX RETURNS WITH BOTH THE UNITED STATES FEDERAL AND STATE OF NEW JERSEY JURISDICTIONS ON AN ANNUAL BASIS - FORM 990 WITH THE INTERNAL REVENUE SERVICE AND - FORM CRI-300R WITH THE STATE OF NEW JERSEY. THESE RETURNS ARE SUBJECT TO EXAMINATION BY THESE AUTHORITIES WITHIN CERTAIN STATUTORILY DEFINED PERIODS FOR FEDERAL AND FOR NEW JERSEY. 0 POPE JOHN XXIII HIGH SCHOOL 28 ANDOVER ROAD SPARTA NJ 07871 453657179 501 (C) (3) 100000 0 EDUCATION SERVICES SCHOLARSHIPS 8 31000 BIONDO GROUP LLC- JOE BIONDO BOARD MEMBER 9843 INVESTMENT ADVISORY FEE 0 FORM 990, PART VI, SECTION B, LINE 11B POPE JOHN XXII ENDOWMENT FUND INC. 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 MEMBERS OF THE ORGANIZATIONS 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 PRIOR TO THE RETURN BEING FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C POPE JOHN XXII ENDOWMENT FUND INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES 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 15A THE COMPENSATION OF THE ORGANIZATIONS OFFICERS IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES, AN INDEPENDENT BODY. FORM 990, PART VI, SECTION C, LINE 19 POPE JOHN XXII ENDOWMENT FUND INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT PO BOX 947, SPARTA, NJ 07871. IN ADDITION, FORM 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT PO BOX 947, SPARTA, NJ 07871. FROM 990 PART XII, LINE 2C THERE WAS NO CHANGE FROM THE PRIOR YEAR.