2019-05-01T09:34:36-05:00 2018-12-31 221478099 COHNREZNICK LLP 4 BECKER FARM ROAD ROSELAND NJ 07068 990 2018-01-01 223448677 SUSSEX EDUCATIONAL FOUNDATION INC C/O BERKELEY COLLEGE SUSS 9732785400 POST OFFICE BOX 440 WOOLAND PARK NJ 07424 STEPHEN RUTKOWSKI TREASURER 2012911111 2019-04-30 1 LORI ROTHE YOKOBOSKY CPA P01273422 9732283500 2019-04-10 209.59.242.22 2019-04-30 11:57:59 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A999648B7C0F94429496C189B46642AFC33E1A30 2018 2019-02-21 02:37:17Z STEPHEN RUTKOWSKI 64 EAST MIDLAND AVENUE PARAMUS NJ 07652 936693 0 X N/A X 1996 NJ TO PROVIDE AFFORDABLE HOUSING AND RESIDENTIAL FACILITIES TO STUDENTS ATTENDING EDUCATIONAL INSTITUTIONS. 6 6 0 0 0 0 0 0 866004 866004 57161 70689 0 0 923165 936693 0 0 0 0 0 0 0 0 0 861602 795213 861602 795213 61563 141480 6632745 6130107 645321 3318 5987424 6126789 TO PROVIDE AFFORDABLE HOUSING TO COLLEGE STUDENTS. 0 0 792611 866004 THE FOUNDATION WAS FORMED TO PROVIDE RESIDENTIAL FACILITIES TO STUDENTS OF EDUCATIONAL INSTITUTIONS AT THE LOWEST POSSIBLE COST WHICH IS NOT OTHERWISE AVAILABLE. 792611 1 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 0 0 0 0 0 0 0 1 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 6 6 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 2012911111 64 EAST MIDLAND AVENUE PARAMUS NJ 07652 X DONALD PHILLIPS TRUSTEE 1.00 X 0 0 0 JAY VAN DELDEN TRUSTEE 1.00 X 0 0 0 RICK BEYE 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 RESIDENTIAL FACILITIES 611710 866004 866004 866004 70689 70689 936693 866004 0 70689 2602 2602 540907 540907 110245 110245 5209 5209 SECURITY 52719 52719 ESL CLASSES 52320 52320 CLEANING 14320 14320 CABLE 6761 6761 10130 10130 795213 792611 2602 0 335276 168515 5072851 4847009 2190254 1155304 1145195 1034950 14605 14815 64818 64818 6632745 6130107 4665 3318 640656 645321 3318 X 5987424 6126789 5987424 6126789 6632745 6130107 141480 -2117 0 X 0 0 0 X 866004 866004 866004 866004 866004 4330020 866004 866004 866004 866004 866004 4330020 0 0 0 4330020 40987 44084 45297 57161 70689 258218 40987 44084 45297 57161 70689 258218 906991 910088 911301 923165 936693 4588238 0.94370 0.95000 0.05630 0.05000 X 2176478 1141528 1034950 13776 13776 0 1034950 BERKELEY REALTY COMPANY LLC (EIN 59-1625441) LLC OWNER CONTROL'S THE ENTITY BOARD 432000 PROPERTY RENTAL 0 PART VI, COL D, TRANSACTION DESCRIPTION DETAIL THE MEMBERS OF THE LUING FAMILY HAVE THE RIGHT TO APPOINT MEMBERS OF THE BOARD OF DIRECTORS OF THE SUSSEX EDUCATIONAL FOUNDATION INC. BERKELEY REALTY COMPANY, LLC (EIN #59-1625441) OWNED BY THE LUING FAMILY. BERKELEY REALTY COMPANY, LLC (EIN #59-1625441) RENTS PROPERTY TO SUSSEX, WHICH SUSSEX USES TO OPERATE ITS DORMITORY FACILITY. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION DOES HAVE MEMBERS, INCLUDING KEVIN LUING, RANDY LUING, TIMOTHY LUING AND BRIAN LUING. THEY ONLY HAVE THE RIGHT TO APPOINT BOARD MEMBERS, BUT DO NOT HAVE THE AUTHORITY TO APPROVE SIGNIFICANT 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 FOUR 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 2017. 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.