2020-05-12T12:41:14-05:00 2019-06-30 221732349 WISS & COMPANY LLP 100 CAMPUS DRIVE FLORHAM PARK NJ 07932 990 2018-07-01 831290193 NEW JERSEY CHILDREN'S FOUNDATION NEWJ 3022306037 142 LAFAYETTE STREET NEWARK NJ 07105 KYLE ROSENKRANS EXECUTIVE DIRECTOR 3022306037 2020-03-11 1 DIANA MILLER P01597612 9739949400 74.117.224.74 2020-03-11 09:24:48 ED P 9FA52356585E839B219528F6D4D11F73797FF434 5FD4ECEC8A25837707221597E8D25428D0958C5E 2018 2020-11-19 02:30:22Z X KYLE ROSENKRANS 142 LAFAYETTE STREET NEWARK NJ 07105 2757202 0 X HTTPS://NJCHILDREN.ORG/ X 2018 NJ TO INVEST IN PEOPLE, PROGRAMS, AND PARTNERSHIPS THAT WILL IMPROVE PUBLIC EDUCATION SYSTEMS BY PUTTING THE INTERESTS OF CHILDREN FIRST. 3 2 3 2 0 0 2756602 0 0 600 2757202 436613 0 422981 0 11567 1731274 2590868 166334 339116 172782 166334 THE NEW JERSEY CHILDREN'S FOUNDATION'S MISSION IS TO INVEST IN PEOPLE, PROGRAMS, AND PARTNERSHIPS THAT WILL IMPROVE PUBLIC EDUCATION SYSTEMS BY PUTTING THE INTERESTS OF CHILDREN FIRST. 0 0 2351432 436613 THIS WAS THE ORGANIZATION'S FIRST YEAR OF OPERATION. OUR BIGGEST ACCOMPLISHMENTS WERE RAISING THE REQUISITE FUNDS, LAUNCHING AND STAFFING THE NEW ORGANIZATION, AND DEVELOPING PROGRAMS THAT WILL HELP DRIVE THE NEXT SEVERAL YEARS OF OUR WORK. 2351432 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 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 0 0 0 0 1 20 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 NJ X X KENNISHA MILES 3022306037 142 LAFAYETTE STREET NEWARK NJ 07105 EVERETT JOHNSON BOARD CHAIR 1.00 X X 0 0 0 KEVIN SHAFER VICE CHAIR 1.00 X X 0 0 0 MODIA BUTLER BOARD MEMBER 1.00 X 0 0 0 KYLE ROSENKRANS EXECUTIVE DIRECTOR 40.00 X 68235 0 1800 SHENNELL S BARNES-MCCLOUD EXECUTIVE DIRECTOR, PROJECT READY 40.00 X 51055 0 2850 KENNISHA MILES DIRECTOR OF OPERATIONS 40.00 X 31365 0 976 150655 0 5626 0 0 0 0 50CAN INC 1625 K STREET NW STE 400 WASHINGTON DC 20006 EDUCATION CONSULTING 492246 1 2756602 2756602 HEALTH INSURANCE REF 524114 600 600 600 2757202 0 0 600 X 435613 435613 1000 1000 156281 133341 19438 3502 203578 173696 25321 4561 30944 26402 3849 693 32178 27455 4002 721 27727 2181 25546 25764 2026 23738 1385843 1331961 53882 9746 426 9060 260 41103 26067 14567 469 35875 30603 4467 805 8963 391 8332 240 5908 258 5492 158 PROGRAM MATERIALS 110910 109229 1681 MEDIA 49644 40310 9334 GRANT-MAKING 18199 18199 PAYROLL PROCESSING FEES 7052 6017 877 158 4540 4456 84 2590868 2351432 227869 11567 0 327049 0 9009 0 3058 0 339116 0 171282 0 1500 0 172782 X 0 166334 0 166334 0 339116 166334 0 X X 0 1 X 1 0 X 2756602 2756602 2756602 2756602 2756602 600 600 2757202 0.99980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 2757202 0 2757202 0 2757202 2590868 0 2590868 0 2590868 PART X, LINE 2: THE FOUNDATION IS A NOT FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE IRC, AND, THEREFORE, HAS MADE NO PROVISION FOR FEDERAL OR STATE INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE ("IRS") NOT TO BE A "PRIVATE FOUNDATION" WITHIN THE MEANING OF SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE. AS A NOT-FOR-PROFIT ENTITY, THE FOUNDATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"), IF APPLICABLE. FOR THE TAX YEAR ENDED JUNE 30, 2019, THE FOUNDATION DID NOT OWE ANY UBIT. 1 COMMITTEE FOR SCHOOL EQUALITY ONE GATEWAY CENTER SUITE 2600 NEWARK NJ 07102 824280170 501(C)(4) 150000 TO SUPPORT GRANTEE'S WORK TO PROMOTE EDUCATIONAL OPPORTUNITY GREAT OAKS LEGACY CHARTER SCHOOL 909 BROAD STREET NEWARK NJ 07102 451260087 501(C)(3) 50000 TO SUPPORT GOLCS COMMUNITY AND PARENT ENGAGEMENT PROGRAMS. KIPP NJ 60 PARK PLACE SUITE 802 NEWARK NJ 07102 462792701 501(C)(3) 50000 TO SUPPORT KIPP NEW JERSEY'S COMMUNITY AND PARENT ENGAGEMENT PROGRAMS. NEW JERSEY CHARTER SCHOOL ASSOCIATION 1 AAA DRIVE HAMILTON NJ 08691 223682199 501(C)(3) 60000 GENERAL OPERATING SUPPORT FOR GRANTEE'S ADVOCACY EFFORTS. RESULTS IN EDUCATION FOUNDATION PO BOX 498 OAK FOREST IL 60452 470988089 501(C)(3) 24000 TO SUPPORT THE RESULTS IN EDUCATION FOUNDATION'S COVERAGE OF EDUCATION ISSUES IN NEW JERSEY. TEACH FOR AMERICA 25 BROADWAY 12TH FLOOR NEW YORK NY 10004 133541913 501(C)(3) 50000 TO SUPPORT TEACH FOR AMERICA'S WORK TO DIVERSIFY AND EXPAND THE TEACHER PIPELINE IN NEWARK, NJ UNCOMMON SCHOOLS 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 311488698 501(C)(3) 50000 TO SUPPORT UNCOMMON SCHOOLS' COMMUNITY AND PARENT ENGAGEMENT PROGRAMS. 6 7 PART I, LINE 2: NEW JERSEY CHILDREN'S FOUNDATION(NJCF) USES GRANT AGREEMENTS TO SUBSTANTIATE AMOUNT OF GRANT AND CRITERIA. IN ORDER TO MONITOR THE USE OF FUNDS, NJCF HAS MEETINGS WITH OUR GRANTEES AND REQUIRES BUDGETS AND FINANCIAL REPORTING FROM THE GRANTEE. FORM 990, PART VI THE ORGANIZATION HAS DRAFTED A DOCUMENT RETENTION AND DESTRUCTION POLICY THAT IS AWAITING BOARD REVIEW AND APPROVAL IN JANUARY, 2020. FORM 990, PART VI, SECTION B, LINE 11B THE 990 RETURN IS REVIEWED BY THE BOARD CHAIR, THE DIRECTOR OF OPERATIONS, AND THE EXECUTIVE DIRECTOR. THE COPY OF FORM 990 IS PROVIDED TO THE ENTIRE BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL BOARD MEMBERS TO SIGN A CONFLICT OF INTEREST POLICY STATEMENT WHEN THEY BECOME BOARD MEMBERS. INDIVIDUAL BOARD MEMBERS MUST DECLARE ANY POTENTIAL CONFLICT OF INTEREST TO THE BOARD AND, IF NECESSARY, RESIGN. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND ANY COMPENSATION INCREASES. WE HAVE NOT YET HAD A PERFORMANCE EVALUATION OR COMPENSATION INCREASE FOR THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE TO ANY INTERESTED PARTY UPON REQUEST. IT IS ALSO AVAILABLE AT WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC PER REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 1,331,961. MANAGEMENT AND GENERAL EXPENSES 53,882. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,385,843. FORM 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE ITS AUDIT COMMITTEE REVIEW PROCEDURE OR ITS SELECTION OF AN INDEPENDENT ACCOUNTANT FOR THE FISCAL YEAR ENDED 6/30/2019.