2019-11-14T15:27:12-06:00 2018-12-31 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2018-01-01 222582265 POPE JOHN XXIII ENDOWMENT FUND INC POPE 9734407504 PO BOX 947 SPARTA NJ 07871 JOHN URSIN PRESIDENT 9734407504 2019-11-12 1 CHRIS PERROTTA CPA P01450368 9733281825 2019-11-12 96.57.126.58 2019-11-12 14:08:56 ES P 00391D0131DDC982E26CFEFC09860E696DD1CC6F 897B3637E1D49A15EB560EA14584928E7164DAFD 2018 2020-03-31 21:24:44Z JOHN URSIN PO BOX 947 SPARTA NJ 07871 3700220 0 X POPEJOHNENDOWMENT.ORG X 1985 NJ TO SUPPORT POPE JOHN HIGH SCHOOL IN SPARTA, NJ IN PROVIDING EDUCATIONAL SERVICES. 14 14 1 14 0 0 114494 2421647 0 0 946774 -42695 65830 22400 1127098 2401352 165100 144600 0 0 39907 25323 0 0 0 92813 185271 297820 355194 829278 2046158 4459972 6419358 228638 221427 4231334 6197931 TO SUPPORT POPE JOHN HIGH SCHOOL IN SPARTA, NJ IN PROVIDING EDUCATIONAL SERVICES. 0 0 193297 144600 22400 TO SUPPORT THE EDUCATIONAL SERVICES PROVIDED BY POPE JOHN XXIII HIGH SCHOOL IN SPARTA, NJ 193297 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 4 0 1 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 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 JOSEPH BEEBE TRUSTEE 2.00 X 0 0 0 MARK CUMMINS TRUSTEE 2.00 X 0 0 0 DR JOSEPH D'ONOFRIO TRUSTEE 2.00 X 0 0 0 LOUIS ESPOSITO TRUSTEE 2.00 X 0 0 0 JENNIFER GALLUCCI TRUSTEE 2.00 X 0 0 0 JOSEPH MACALUSO TRUSTEE 2.00 X 0 0 0 LINDA NICK 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 ERIN HIGGINS EXECUTIVE DIRECTOR 30.00 X 23290 0 0 23290 0 0 0 0 0 0 0 38514 2383133 2355000 2421647 91164 91164 22400 0 22400 22400 22400 1065266 62372 1261497 0 -196231 62372 -133859 -133859 37371 38514 37371 0 2401352 22400 0 -42695 125000 125000 19600 19600 23290 23290 2033 2033 7500 7500 11715 11715 9388 9388 857 857 19735 19735 59056 59056 7630 7630 10782 10782 REPAIRS AND MAINTENANCE 35234 35234 EDUCATION SERVICES 23374 23374 355194 193297 161897 0 32787 3871 278806 260540 63904 57465 944 371596 33990 313592 337606 3508013 3146541 262870 2612391 4459972 6419358 1426 2454 224612 214773 2600 4200 228638 221427 X 3316535 5270571 904799 917360 10000 10000 4231334 6197931 4459972 6419358 2046158 -79561 0 X X 0 1 X 1 0 X X 1 POPE JOHN HIGH SCHOOL 453657179 2 1 125000 0 1 125000 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 914799 12561 927360 851395 66904 3500 914799 854395 3000 851395 872795 10000 28400 854395 870195 20700 18100 872795 0.85040 0.00160 0.14800 0 0 60403 60403 266361 26751 239610 44832 7239 37593 337606 PROPERTIES HELD FOR EXPANSION AND AVAILABLE FOR SALE 2608200 SECURITY DEPOSIT 4191 2612391 SECURITY DEPOSIT 4200 4200 X 2359162 -79561 37371 -42190 2401352 0 2401352 392565 37371 37371 355194 0 355194 PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND STATE OF NEW JERSEY TITLE 15, "NEW JERSEY NON-PROFIT CORPORATION ACT," ACCORDINGLY, THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THESE SECTIONS ENABLE THE FOUNDATION TO ACCEPT DONATIONS, WHICH QUALIFY AS CHARITABLE CONTRIBUTIONS TO THE DONOR. THE FOUNDATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. THE FOUNDATION FOLLOWS "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES," IN ACCORDANCE WITH GAAP. THE STANDARD PRESCRIBES 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 DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION AS THEY RELATE TO THOSE TAX POSITIONS. THE DETERMINATION OF UNCERTAIN TAX POSITIONS USES TAX JUDGMENTS WHICH ARE BASED ON THE REQUIREMENTS FOR MAINTAINING TAX-EXEMPT STATUS AND ON THE FILING OF VARIOUS INFORMATION RETURNS. THE FOUNDATION FILES FEDERAL INFORMATION TAX RETURNS WITH THE IRS AND STATE INFORMATION TAX RETURNS WITH THE STATE OF NEW JERSEY. THE FOUNDATION IS SUBJECT TO INCOME TAX EXAMINATIONS AT ANY TIME WITHIN THREE YEARS FROM THE LATEST FILING DATE FOR FEDERAL AND FOUR YEARS FROM THE LATEST FILING DATE FOR NEW JERSEY. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT EXPENSE 37,371. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT EXPENSE 37,371. GOLF OUTING 75885 38514 37371 37371 75885 38514 37371 37371 37371 0 0 POPE JOHN XXIII HIGH SCHOOL 28 ANDOVER ROAD SPARTA NJ 07871 453657179 501 (C) (3) 125000 EDUCATION SERVICES SCHOLARSHIPS 11 19600 BIONDO GROUP LLC- JOE BIONDO BOARD MEMBER 11715 INVESTMENT ADVISORY FEE 0 X 1 2085000 X 1 270000 0 0 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.