2018-11-15T10:34:29-06:00 2017-12-31 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2017-01-01 550810709 FOUNDATION FOR PEACE FOUN 9738136122 PO BOX 424 IRONIA NJ 07845 KENNETH CULVER PRESIDENT 9739985874 2018-11-15 1 CHRIS PERROTTA CPA P01450368 9733281825 2018-11-15 96.57.126.58 2018-11-15 08:58:36 ES P DD9485F464321B62E732F47E37B9E2E284F28E84 DBF9CA281151B3485249635D27732A60F140E7FA 2017 2019-02-21 02:37:17Z KENNETH CULVER PO BOX 424 IRONIA NJ 07845 3903566 0 X WWW.FOUNDATIONFORPEACE.ORG X 2003 DC THE FOUNDATION FOR PEACE IS A 501(C)(3) NOT-FOR PROFIT ORGANIZATION DEDICATED TO EDUCATION IN THE UNITED STATES AND TO WORKING HAND IN HAND WITH PEOPLE IN MATERIALLY IMPOVERISHED AREAS OF THE DOMINICAN REPUBLIC, HAITI, AND KENYA TO PROVIDE EDUCATIONAL SUPPORT, HEALTHCARE ACCESS, ECONOMIC OPPORTUNITY AND HOPE. WE WORK TOGETHER AS LONG-TERM PARTNERS IN SOLIDARITY TO ENABLE PERSONAL SUCCESS AND COMMUNITY ACHIEVEMENT. WE BELIEVE THIS WILL RESULT IN SUSTAINABLE AND SUCCESSFUL INITIATIVES THAT RELIEVE THE EFFECTS OF POVERTY, ENCOURAGE PERSONAL GROWTH, AND OVERCOME INJUSTICE. 15 15 0 1100 0 0 1136163 3124833 547924 642207 27142 -3274 0 0 1711229 3763766 1332550 3216026 0 0 0 0 0 0 3754 318057 404629 1650607 3620655 60622 143111 455465 600203 0 0 455465 600203 X THE FOUNDATION FOR PEACE IS A 501(C)(3) NOT-FOR PROFIT ORGANIZATION DEDICATED TO EDUCATION IN THE UNITED STATES AND TO WORKING HAND IN HAND WITH PEOPLE IN MATERIALLY IMPOVERISHED AREAS OF THE DOMINICAN REPUBLIC, HAITI, AND KENYA TO PROVIDE EDUCATIONAL SUPPORT, HEALTHCARE ACCESS, ECONOMIC OPPORTUNITY AND HOPE. WE WORK TOGETHER AS LONG-TERM PARTNERS IN SOLIDARITY TO ENABLE PERSONAL SUCCESS AND COMMUNITY ACHIEVEMENT. WE BELIEVE THIS WILL RESULT IN SUSTAINABLE AND SUCCESSFUL INITIATIVES THAT RELIEVE THE EFFECTS OF POVERTY, ENCOURAGE PERSONAL GROWTH, AND OVERCOME INJUSTICE. 0 0 3524185 3150417 642207 MISSION TRIP PROGRAMSOBJECTIVE: OUR MISSION TEAMS, WHICH TOTALED OVER 900 VOLUNTEERS IN 2017, STRIVED TO PUT IN ACTION OUR MISSION STATEMENT - WORKING HAND IN HAND WITH PEOPLE IN MATERIALLY IMPOVERISHED AREAS TO PROVIDE EDUCATIONAL SUPPORT, HEALTHCARE ACCESS, ECONOMIC OPPORTUNITY AND HOPE. THESE TEAMS PARTICIPATE IN MULTI-FACETED PROGRAMS THAT INCLUDE A CONSTRUCTION PROJECT, MEDICAL CARE AND EDUCATION PROGRAMS AS OUTLINED BELOW.ACCOMPLISHMENTS:HAITI:WE CONTINUED WORKING WITH PEOPLE IN THE GANTHIER PROVINCE. MORE THAN 300 PEOPLE WORKED HAND IN HAND IN HAITI LAST YEAR. TOGETHER WE ACCOMPLISHED THE FOLLOWING:-BROUGHT HOPE TO THOUSANDS OF PEOPLE, BY STRENGTHENING EXISTING RELATIONSHIPS AND BUILDING NEW ONES-COMPLETED THE CONSTRUCTION OF A SECOND STORY ON OUR LANGUAGE SCHOOL WHICH HAD AN ENROLLMENT OF ABOUT 300 STUDENTS WHO WERE LEARNING ENGLISH AND SPANISH-CONTINUED THE CONSTRUCTION OF A PRIMARY SCHOOL IN KWA KOK-PROVIDED EDUCATION PROGRAMS TO MORE THAN 2,000 PEOPLE-PROVIDED MEDICAL CARE FOR MORE THAN 1,500 PEOPLE-PROVIDED MEALS IN REMOTE VILLAGES FOR 250 OR MORE PEOPLE ON FIVE OCCASIONS-SHIPPED ABOUT 20 TONS OF SUPPLIES FROM THE US FOR SCHOOLS AND CHURCHESKENYA:A TEAM OF 16 PEOPLE CONTINUED WORKING HAND IN HAND WITH OUR KENYAN PARTNERS IN NGONG HILLS AND THE MATHARE NORTH SLUM. TOGETHER WE ACCOMPLISHED THE FOLLOWING:-BROUGHT HOPE TO HUNDREDS OF PEOPLE, BY STRENGTHENING EXISTING RELATIONSHIPS AND BUILDING NEW ONES-CONDUCTED AN ALL-DAY TEACHER TRAINING PROGRAM AND AN ALL-DAY CONFERENCE FOR WOMEN'S AND MEN'S GROUPS IN MATHARE NORTH-BEGAN RAISING THE SECOND STORY ON THE MATHARE NORTH CHURCH AND COMPLETED A SECURITY WALL AROUND THE COMPOUND.-PRESENTED EDUCATION PROGRAMS FOR 500 CHILDREN-PROVIDED MEDICAL CARE & FOOD FOR 750 PEOPLE IN THE MATHARE NORTH SLUM-PROVIDED TRAINING AND ENCOURAGEMENT FOR 20 HIV/AIDS CARE GIVERS-VISITED AND CARED FOR 30 FAMILIES WITH HIV/AIDS IN NAIROBI SLUMSDOMINICAN REPUBLIC:THE BULK OF OUR VOLUNTEERS (600) WORKED HERE. TOGETHER WE ACCOMPLISHED THE FOLLOWING:-BROUGHT HOPE TO TENS OF THOUSANDS OF PEOPLE, BY STRENGTHENING EXISTING RELATIONSHIPS AND BUILDING NEW ONES-CONTINUED OR BEGAN NEW CONSTRUCTION OF CHURCHES (5), SCHOOLS (2), MEDICAL CLINICS (2), HOUSING (2), WATER PROJECTS (1), AND COMMUNITY CENTER (1)-CONTINUED WORK AT CASA DE LUZ, A HOME FOR PHYSICALLY AND MENTALLY HANDICAPPED CHILDREN-PROVIDED MEDICAL CARE FOR MORE THAN 20,000 PEOPLE-PROVIDED HEALTH EDUCATION TO THOUSANDS IN RURAL COMMUNITIES THROUGH THE WORK OF HUNDREDS OF VOLUNTEER NURSES-PRESENTED EDUCATION PROGRAMS FOR THOUSANDS OF CHILDREN-SHIPPED OVER 20 TONS OF SUPPLIES FROM THE US FOR SCHOOLS, MEDICAL CLINICS AND OTHER PROJECTS 65609 65609 EDUCATION PROGRAMSOBJECTIVE: TO PROVIDE EDUCATIONAL PROGRAMS THAT SURPASS GOVERNMENT STANDARDS IN AREAS WHERE THERE IS LITTLE OR NO EDUCATIONAL OPPORTUNITY. THIS IS ACCOMPLISHED IN SEVERAL WAYS: 1) PARTNERSHIPS WITH COMMUNITIES TO BUILD SCHOOLS, 2) STUDENT SPONSORSHIP PROGRAMS THAT FUND TUITION FOR TEACHER SALARIES, AS WELL AS OTHER NECESSITIES AND 3) OPERATION OF TWO SCHOOLS, ONE IN THE DOMINICAN REPUBLIC (ENSANCHE QUISQUEYA) AND ONE IN HAITI (GANTHIER).ACCOMPLISHMENTS: THE LANGUAGE SCHOOL IN GANTHIER, HAITI THAT SERVES ABOUT 300 STUDENTS BY TEACHING ENGLISH AND SPANISH. THE SECOND FLOOR THAT WILL HOUSE A VOCATIONAL SCHOOL IS NEARLY COMPLETE. WE CONTINUED TO SUPPORT 10 SCHOOLS IN THE DOMINICAN REPUBLIC, KENYA AND HAITI WITH SUPPLIES AND FINANCIAL ASSISTANCE THROUGH THE CONTAINER SHIPMENTS AND SPONSORSHIP PROGRAMS. WATER PURIFICATION PROGRAMSOBJECTIVE: PROVIDE AN AFFORDABLE SOURCE OF CLEAN WATER FOR PEOPLE IN AREAS WHERE IT WAS OTHERWISE NOT AVAILABLE, AS WELL AS CREATE JOBS AND A SOURCE OF FUNDS FOR COMMUNITY IMPROVEMENT PROJECTS. THROUGH SURVEYS WE HAVE CONFIRMED THAT THE PROVISION OF CLEAN WATER WITH CONCURRENT EDUCATIONAL PROMOTION ABOUT THE IMPORTANCE OF CLEAN WATER DRAMATICALLY DECREASES THE INCIDENCE AND PREVALENCE OF INFECTION.ACCOMPLISHMENTS: WE CONTINUE TO SUPPORT THE GOVERNMENT CERTIFICATION PROCESS AND OPERATION OF CLEAN WATER SYSTEMS IN THE DOMINICAN REPUBLIC. IN HAITI WE EXPANDED THE PURIFIED WATER DELIVERY SERVICE IN THE GANTHIER PROVINCE. 3589794 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 DR HA 0 0 0 0 0 0 0 0 X 15 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X KENNETH CULVER 9739985874 PO BOX 424 IRONIA NJ 07845 X ALBERTO MARTINEZ LUGO CHAIRMAN 5.00 X X 0 0 0 ROSALINA CARDONA MARTINEZ VICE PRESIDENT 5.00 X X 0 0 0 JEFFREY SPRAGENS TREASURER 5.00 X X 0 0 0 JOY FOWLER SPRAGENS VICE PRESIDENT 5.00 X X 0 0 0 CINDY ALLOWAY SECRETARY 5.00 X X 0 0 0 KENNETH CULVER PRESIDENT 10.00 X X 0 0 0 BETTY JEAN TRUSTEE 3.00 X 0 0 0 BOB BROEZE TRUSTEE 2.00 X 0 0 0 BRUCE JONES TRUSTEE 3.00 X 0 0 0 DAVE WEIPPERT TRUSTEE 3.00 X 0 0 0 FRANK SPERANZA TRUSTEE 5.00 X 0 0 0 JUDY JONES TRUSTEE 2.00 X 0 0 0 KELLI REGAN TRUSTEE 5.00 X 0 0 0 SCOTT COAPMAN TRUSTEE 3.00 X 0 0 0 WENDY PATCHIN TRUSTEE 25.00 X 0 0 0 0 0 0 0 0 0 0 0 3124833 2490940 3124833 MISSION TRIP FEES 900099 642207 642207 642207 163 163 136363 139800 -3437 -3437 -3437 3763766 642207 0 -3274 3216026 3216026 1865 1865 5639 5639 6539 6539 12839 12839 16697 16079 618 4359 4359 MISSION TRIPS 265957 265957 REPAIRS AND MAINTENANCE 57949 57949 SHIPPING COSTS 20944 20944 BANK FEES 8087 8087 3754 3754 3620655 3589794 27107 3754 63302 196498 1644 64304 25000 25000 369174 149465 236406 219709 49113 14692 80000 80000 455465 600203 0 0 X 455465 600203 455465 600203 455465 600203 143111 1627 0 X X 0 1 X 1 0 X 1913983 1801219 1940058 1136163 3124833 9916256 1913983 1801219 1940058 1136163 3124833 9916256 9916256 45 734 362 56 163 1360 9917616 3075247 0.99990 0.99990 X 108975 108975 166912 62595 104317 93287 86870 6417 219709 DEPOSIT 80000 80000 X 3765393 1627 1627 3763766 0 3763766 3620655 0 3620655 0 3620655 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS THEREBY EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE ORGANIZATION IS ALSO EXEMPT UNDER TITLE 15 OF THE STATE OF NEW JERSEY CORPORATIONS AND ASSOCIATIONS NOT FOR PROFIT ACT. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION 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 POSITIONS. THE ORGANIZATION DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE YEAR ENDED DECEMBER 31, 2017. HOWEVER, THE ORGANIZATION IS SUBJECT TO REGULAR AUDIT BY TAX AUTHORITIES. THE ORGANIZATION 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 EACH YEAR. AS REQUIRED BY LAW, THE ORGANIZATION FILES INFORMATIONAL RETURNS WITH BOTH FEDERAL AND NEW JERSEY STATE GOVERNMENTS ON AN ANNUAL BASIS - FORM 990 WITH THE INTERNAL REVENUE SERVICE, AND FORM CRI-300R WITH THE STATE. THESE RETURNS ARE SUBJECT TO EXAMINATION BY THESE AUTHORITIES WITHIN CERTAIN STATUTORILY DEFINED PERIODS FOR BOTH FEDERAL AND THE STATE OF NEW JERSEY. 0 DOMINICAN REPUBLIC 1 0 PROGRAM SERVICES EDUCATION, MEDICAL CARE, CLEAN WATER 2290045 HAITI 1 0 PROGRAM SERVICES EDUCATION, MEDICAL CARE, CLEAN WATER 829888 KENYA 0 0 PROGRAM SERVICES EDUCATION, MEDICAL CARE 48028 2 0 0 0 2 0 3167961 0 3167961 EDUCATION, MEDICAL CARE, CLEAN WATER DOMINICAN REPUBLIC 18000 2290045 MEDICAL, EDUCATIONAL, AND OTHER SUPPLIES EDUCATION, MEDICAL CARE, CLEAN WATER HAITI 4500 829888 MEDICAL, EDUCATIONAL, AND OTHER SUPPLIES EDUCATION, MEDICAL CARE KENYA 1200 48028 MEDICAL, EDUCATIONAL, AND OTHER SUPPLIES 1 0 0 0 0 0 PART I, LINE 2: THE PRESIDENT AND DIRECTOR OF GLOBAL MISSIONS OVERSEE ALL MONETARY TRANSACTIONS, WHETHER IN THE UNITED STATES OR IN A FOREIGN COUNTRY. PART I, LINE 3: FAIR MARKET VALUE. X 2986 2490940 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 ALBERTO MARTINEZ LUGO, CHAIRMAN, AND ROSALINA CARDONA MARTINEZ, VICE PRESIDENT, ARE SPOUSES. JEFF SPRAGENS, VICE-PRESIDENT, AND JOY SPRAGENS, VICE-PRESIDENT, ARE SPOUSES. BRUCE AND JUDY JONES TRUSTEES, ARE SPOUSES. FORM 990, PART VI, SECTION B, LINE 11B FOUNDATION FOR PEACE 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 UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C FOUNDATION FOR PEACE 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 15 THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS AND DOES NOT HAVE EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 FOUNDATION FOR PEACE 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 P.O. BOX 424 IRONIA, NJ 07845. 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 P.O. BOX 424 IRONIA, NJ 07845. FORM 990 IS ALSO AVAILABLE AT THE ORGANIZATION'S WEBSITE WWW.FOUNDATIONFORPEACE.ORG FORM 990 PART XII LINE 2C THERE WAS NO CHANGE FROM THE PRIOR YEAR.