2017-03-09T13:38:35-06:00 2016-04-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2016-01-01 273453412 FOUNDATION FOR NEWARK'S FUTURE INC FOUN 9736391600 C/O COMMUNITY FDN OF NJ PO BOX 338 MORRISTOWN NJ 07963 JENNIFER HOLLERAN BOARD TREASURER 9736391600 2017-03-09 1 GARRETT M HIGGINS P00543209 2122862600 2017-03-09 65.51.112.58 2017-03-09 13:45:57 ES P 15DF367BED89E47ECE3835276F602FE4DD24F053 E206ACBE30558CC6801B8975D6F5372E172AFED1 2016 2021-01-29 14:40:06Z X X KIMBERLY MCLAIN C/O COMMUNITY FDN OF NJ PO BOX 338 MORRISTOWN NJ 07963 4276998 0 X WWW.FOUNDATIONFORNEWARKSFUTURE.ORG X 2010 NJ TO CREATE A FOUNDATION FOR SYSTEMATIC EDUCATIONAL REFORM WITHIN NEWARK, NJ. X 5 5 4 5 0 0 14770714 4276335 0 0 2112 663 0 0 14772826 4276998 12763369 4372527 0 0 524772 374032 0 0 0 3468252 272102 16756393 5018661 -1983567 -741663 6183327 0 4011329 0 2171998 0 X TO CREATE A FOUNDATION FOR SYSTEMATIC EDUCATIONAL REFORM WITHIN NEWARK,NJ THAT RESULTS IN DEMONSTRABLE HIGH ACADEMIC AND DEVELOPMENTAL ACHIEVEMENT FOR ALL YOUTH. 0 1 1855703 1855703 SCHOOL LEADERSHIP AND TEACHER QUALITYTHE FOUNDATION HAS PURSUED A COMPREHENSIVE STRATEGY TO RECRUIT, RETAIN AND EMPOWER A TOP NOTCH POOL OF EDUCATOR TALENT FOR TEACHER AND LEADER ROLES IN THE CITY. THE MOST SIGNIFICANT INVESTMENT IN THIS AREA IN 2016 WAS THE FOUNDATION'S CONTINUED SUPPORT AND FUNDING OF THE LABOR CONTRACT BETWEEN NEWARK PUBLIC SCHOOLS AND THE NEWARK TEACHERS UNION, AND THE RELATED COSTS TO EVALUATE AND IMPLEMENT THE CONTRACT. 1490658 1490658 NEWARK PUBLIC SCHOOLS AND OPERATING EXCELLENCETHE NPS OPERATIONAL EXCELLENCE PROGRAM PROVIDES TECHNICAL ASSISTANCE AND STRATEGIC PLANNING SUPPORT TO NEWARK PUBLIC SCHOOLS. 597755 597755 COMMUNITY ENGAGEMENT THE FOUNDATION TAKES A COMPREHENSIVE APPROACH TO IMPROVING EDUCATIONAL OUTCOMES FOR NEWARK CHILDREN. THE ORGANIZATION PROVIDES RESOURCES AND PROGRAMMING BOTH DIRECTLY FOR THE SCHOOL SYSTEMS AS WELL AS THE SURROUNDING COMMUNITIES AND ORGANIZATIONS THAT SERVE THE CHILDREN. AMONG THE BIGGEST INVESTMENTS IN THIS AREA FOR 2016 WAS A CITY-WIDE SUMMER YOUTH EMPLOYMENT PROGRAM AND FUNDING A CITY-WIDE COLLEGE-COMPLETION INITIATIVE CALLED THE NEWARK CITY OF LEARNING COLLABORATIVE. 428411 428411 EARLY CHILDHOOD EDUCATION THE FOUNDATION BELIEVES THAT EARLY CHILDHOOD EDUCATION IS A KEY DETERMINING FACTOR TO POSITIVE EDUCATIONAL OUTCOMES FOR KIDS. THE FOUNDATION INVESTED IN INITIATIVES IN THIS AREA DESIGNED TO INCREASE PROFESSIONAL DEVELOPMENT, FOSTER GREATER PARENTAL ENGAGEMENT AND ESTABLISH A LOVE OF LEARNING FROM THE EARLIEST YEARS. THE BIGGEST INVESTMENTS IN THIS AREA WERE RAISING A READER AND MY VERY OWN LIBRARY, BOTH DESIGNED TO PROMOTE A CULTURE OF LITERACY AMONG STUDENTS AND THEIR FAMILIES. 428411 428411 4372527 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 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 59 0 4 1 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 NJ X KIWI PARTNERS INC 2125327171 237 W 35TH STREET 1101 NEW YORK NY 10001 PAUL BERNSTEIN CHAIRMAN 10.00 X X 0 0 0 JENNIFER HOLLERAN SECRETARY/TREASURER 10.00 X X 0 0 0 SENATOR CORY BOOKER TRUSTEE 1.00 X 0 0 0 ENRICO GAGLIOTI TRUSTEE 1.00 X 0 0 0 DR ROBERT JOHNSON TRUSTEE 1.00 X 0 0 0 KIMBERLY MCLAIN PRESIDENT AND CEO 40.00 X 207350 0 17291 207350 0 17291 1 0 1 0 HOGAN LOVELLS US LLP 555 13TH STREET NW WASHINGTON DC 20004 LEGAL SERVICES 112526 1 4276335 4276335 663 663 4276998 0 0 663 4372527 4372527 224641 224641 106942 106942 7593 7593 8540 8540 26316 26316 112526 112526 51500 51500 28678 28678 16366 16366 20123 20123 33449 33449 4556 4556 1549 1549 2669 2669 DUES & SUBSCRIPTIONS 686 686 5018661 4372527 646134 0 349636 0 33697 0 5782801 0 0 0 0 0 0 17193 0 0 0 0 0 0 0 0 0 0 6183327 0 849496 0 3161833 0 4011329 0 X -578150 0 2750148 0 2171998 0 6183327 0 X -741663 -1430335 X X 0 1 X 1 0 X 42648531 11417880 8176176 13340379 4276335 79859301 42648531 11417880 8176176 13340379 4276335 79859301 65587054 14272247 1005 1688 1675 2112 663 7143 79866444 0.17870 0.21200 X TREASURY REGULATION SECTION 1.170A-9(E)(3) PROVIDES THAT, NOTWITHSTANDING AN ORGANIZATION'S NOT SATISFYING THE 33 1/3 PERCENT PUBLIC SUPPORT TEST, IT CAN STILL QUALIFY AS A PUBLIC CHARITY IF ITS PUBLIC SUPPORT PERCENTAGE IS NORMALLY AT LEAST TEN (10) PERCENT, AND IT MEETS THE FACTS AND CIRCUMSTANCE TEST IN THIS CONTEXT. IT IS REQUIRED THAT AN ORGANIZATION MUST BE SO ORGANIZED AND OPERATED AS TO ATTRACT NEW AND ADDITIONAL PUBLIC SUPPORT ON A CONTINUOUS BASIS WHICH IN TURN REQUIRES THAT THE ORGANIZATION MAINTAIN A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS. FOUNDED IN 2010, THE ORGANIZATION HAS BEEN COMMITTED TO IMPROVING EDUCATIONAL OUTCOMES FOR ALL NEWARK SCHOOLCHILDREN, ENSURING THEY ARE COLLEGE AND CAREER-READY BY INVESTING IN TRANSFORMATIVE PROGRAMS THAT CREATE LARGE-SCALE CHANGE THROUGH SHORT-TERM PHILANTHROPY. THE FOUNDATION INVESTS IN THREE AREAS OF IMPACT: THE K-12 EDUCATIONAL EXPERIENCE AND BEYOND, EARLY CHILDHOOD EDUCATION, AND COMMUNITY ENGAGEMENT. THE FACT THAT THE ORGANIZATION HAS MADE SUCH EFFORTS FOR THE BENEFIT OF THE GENERAL PUBLIC ON A CONTINUAL BASIS IS EVIDENCE THAT THE ORGANIZATION IS PUBLICLY SUPPORTED. SECOND, THE HIGHER THE TEN (10) PERCENT REQUIREMENT, THE LESSER THE BURDEN IN ESTABLISHING PUBLICLY SUPPORTED NATURE OF THE ORGANIZATION THROUGH OTHER FACTORS. FOR THE TAX YEAR ENDED APRIL 30, 2016, THE ORGANIZATION'S PUBLIC SUPPORT PERCENTAGE IS 17.87%, WHICH EXCEEDS THE MINIMUM REQUIREMENT.THIRD, THE ORGANIZATION RECEIVES SUPPORT FROM A REPRESENTATIVE NUMBER OF PERSONS, RATHER THAN RECEIVING ITS SUPPORT FROM A SINGLE DONOR. THE ORGANIZATION OPERATES TO ATTRACT PUBLIC SUPPORT ON A CONTINUAL BASIS AND ITS SOURCES OF CONTRIBUTIONS INCLUDE CORPORATE GIVINGS AS WELL AS FOUNDATION GRANTS. PART II, SHORT YEAR EXPLANATION: EFFECTIVE APRIL 30, 2016, THE ORGANIZATION DISSOLVED AND IS USING A SHORT YEAR FOR THE PERIOD THROUGH ITS DISSOLUTION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2500 2500 0 40230 40230 0 9475 9475 0 0 X 4302238 25240 25240 4276998 0 4276998 6474236 25240 1430335 1455575 5018661 0 5018661 PART X, LINE 2: THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTONS FOR PERIODS PRIOR TO DECEMBER 31, 2013. PART XII, LINE 2D - OTHER ADJUSTMENTS: GRANT REFUNDS 1,430,335. 1 COMMUNITY FOUNDATION OF NJ PO BOX 338 MORRISTOWN NJ 07963 222281783 501(C)(3) 2338787 SEE PART IV SUPPORT CENTER FOR NON PROFIT MANAGEMENT 42 BROADWAY 20TH FL NEW YORK NY 10004 133911548 501(C)(3) 83833 SEE PART IV NATIONAL CARES MENTORING MOVEMENT 5 PENN PLAZA 23RD FL NEW YORK NY 10001 320207585 501(C)(3) 62500 SEE PART IV THE REINVESTMENT FUND 1700 MARKET STREET 9TH FL PHILADELPHIA PA 19103 232331946 501(C)(3) 53000 SEE PART IV PROGRAMS FOR PARENTS 570 BROAD STREET 8TH FLOOR NEWARK NJ 07102 222504469 501(C)(3) 14000 SEE PART IV 5 0 PART I, LINE 2: THE ORGANIZATION HAS A FORMAL GRANT-MAKING PROCESS. EACH POTENTIAL GRANTEE MUST SUBMIT A PROPOSAL FOR REVIEW AND PROVIDE ANSWERS TO ANY FOLLOW-UP QUESTIONS AS REQUIRED. COMPLETED APPLICATIONS ARE EVALUATED AGAINST THE FOUNDATION'S PRIORITIES, THE GRANTEE'S NEEDS AND THE FUNDING AVAILABLE. THOSE SELECTED TO RECEIVE GRANTS MUST SIGN AN AGREEMENT, PROVIDE VERIFIABLE, IDENTIFYING DOCUMENTATION AND SUBMIT ON-GOING REPORTS TO RECEIVE PAYMENTS. FORM 990, SCHEDULE I, PART II. LINE 1, COL (H): GRANT PURPOSE THE PURPOSE OF GRANT ASSISTANCE TO DOMESTIC ORGANIZATIONS IS AS FOLLOWS: 1. COMMUNITY FOUNDATION OF NJ - COMMUNITY SCHOOLS: A PLANNING GRANT TO SUPPORT THE DEVELOPMENT OF THE SOUTH WARD COMMUNITY SCHOOLS INITIATIVE, A PARTNERSHIP BETWEEN THE NEWARK PUBLIC SCHOOLS AND THE CITY OF NEWARK TO LAUNCH A SERIES OF COMMUNITY SCHOOLS IN NEWARK'S SOUTH WARD. NEW PATHS NEWARK: A CERTIFICATION, RE-TRAINING, AND DEGREE PROGRAM FOR NEWARK PUBLIC SCHOOLS CENTRAL OFFICE STAFF WHO LOST THEIR POSITIONS IN DISTRICT REORGANIZATION. NEWARK 350: SUPPORT FOR A YEAR-LONG CELEBRATION OF THE 350TH ANNIVERSARY OF THE FOUNDING OF THE CITY OF NEWARK, INCLUDING CULTURAL, ARTS, AND EDUCATIONAL PROGRAMMING THROUGHOUT THE CITY. OPPORTUNITY YOUTH: A PLANNING GRANT TO FACILITATE THE CREATION OF AN INTERMEDIARY ORGANIZATION THAT WILL SERVE THE NEEDS OF YOUTH AGES 16-24 WHO LEFT SCHOOL AND ARE NOT CONNECTED TO THE WORKFORCE. 2. SUPPORT CENTER FOR NON PROFIT MANAGEMENT: A CAPACITY BUILDING PROGRAM FOR NON-PROFIT ORGANIZATIONS THAT INCLUDES FREE COACHING AND CONSULTING SERVICES SO THAT THEY CAN HAVE THE GREATEST POSSIBLE IMPACT ON THE YOUTH THEY SERVE. 3. NATIONAL CARES MENTORING MOVEMENT: A PLANNING GRANT TO DEVELOP AN IMPLEMENTATION PLAN FOR A MENTORING PROGRAM IN NEWARK THAT CONNECTS SCHOOL COMMUNITIES IN NEED OF MENTORS FOR THEIR STUDENTS WITH THE FAITH-BASED COMMUNITY. 4. THE REINVESTMENT FUND: SUPPORT FOR THE CREATION OF A CHILD CARE MAP FOR THE CITY OF NEWARK THAT ILLUSTRATES SUPPLY AND DEMAND FOR HIGH QUALITY PRE-K AND IDENTIFIES GAPS IN SERVICE. 5. PROGRAMS FOR PARENTS: SUPPORT FOR PROGRAMS FOR PARENTS TO CREATE A COMPREHENSIVE FAMILY ENGAGEMENT PROGRAM , INCLUDING A NEW PARENT RESOURCE APLICATION; FUNDS ALSO BUILD A PROFESSIONAL DEVELOPMENT PROGRAM FOR CENTER DIRECTORS AND LEAD TEACHERS AT NEWARK PRE-K SITES. X X 0 0 0 0 0 0 0 1 0 KIMBERLY MCLAIN PRESIDENT AND CEO 183425 0 23925 0 0 0 6750 0 10541 0 224641 0 0 0 PART I, LINE 7 THE BONUS COMPENSATION PAYMENT FOR THE PRESIDENT AND CEO WAS BASED UPON EMPLOYEE PERFORMANCE AND AWARDED AT THE DISCRETION OF THE BOARD OF DIRECTORS. FNF GRANT AGREEMENT FUNDS 2016-06-20 3336906 N/A-CASH 222281783 COMMUNITY FOUNDATION OF NEW JERSEY PO BOX 338 MORRISTOWN NJ 07963 501(C)(3) OTHER FNF AGREEMENT FUNDS 2016-06-20 730750 N/A-CASH 222281783 COMMUNITY FOUNDATION OF NEW JERSEY PO BOX 338 MORRISTOWN NJ 07963 501(C)(3) 0 0 0 0 1 1 1 1 0 FORM 990, PART III, LINE 3 THE ORGANIZATION DISCONINUED OPERATIONS IN CONNECTION WITH A DISSOLUTION, EFFECTIVE 4/30/16. FORM 990, PART VI, SECTION B, LINE 11B THE COMPANY'S FINANCIAL CONSULTANTS AND BOARD TREASURER REVIEW THE DRAFT OF THE 990. ONCE ANY QUESTIONS AND ISSUES HAVE BEEN RESOLVED, THE 990 IS FINALIZED AND DISTRIBUTED TO THE BOARD ELECTRONICALLY. THE 990 IS THEN ADOPTED AND FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S CONFLICT OF INTEREST POLICY APPLIES TO ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS. ALL SUCH INDIVIDUALS HAVE A DUTY TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AND ALL RELATIVE MATERIAL FACTS THEREOF, TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER SUCH DISCLOSURE, THE INTERESTED PERSON WILL LEAVE THE ROOM TO ALLOW THE GOVERNING BOARD OR COMMITTEE TO DISCUSS AND VOTE IF AN ACTUAL CONFLICT OF INTEREST EXISTS. IF APPROPRIATE, THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE MAY APPOINT A DISINTERESTED PERSON OR COMMITTEE TO FURTHER INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. THE SO-APPOINTED INDIVIDUAL OR COMMITTEE WILL RECOMMEND TO THE BOARD ALTERNATIVE ARRANGEMENTS, IF ANY, THAT DO NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT POSSIBLE, THE FOUNDATION BOARD OR COMMITTEE WILL DETERMINE BY MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS FAIR, REASONABLE, AND IN THE FOUNDATION'S BEST INTERESTS. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE MEMBER WILL BE INFORMED AND AN EXPLANATION WILL BE REQUIRED. IF, FOLLOWING AN APPROPRIATE INVESTIGATION, IT IS DETERMINED THAT THE MEMBER FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT ON INTEREST, THE GOVERNING BODY WILL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. THE MINUTES OF THE BOARD AND ALL COMMITTEES WITH BOARD DELEGATED POWERS WILL CONTAIN THE NAMES OF THE PERSONS WHO DISCLOSED, OR WERE FOUND TO HAVE, A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, ANY ACTION TAKEN TO DETERMINE WAS PRESENT, AND THE GOVERNING BOARD OR COMMITTEE'S DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED. ADDITIONALLY, THE MINUTES WILL CONTAIN THE NAMES OF ALL PERSONS PRESENT FOR DISCUSSIONS AND VOTES RELATED TO THE TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION, INCLUDING ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN IN CONNECTION WITH THE PROCEEDINGS. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS WILL ANNUALLY SIGN A CONFLICT OF INTEREST STATEMENT THE AFFIRMS THAT THE INDIVIDUAL HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE CHARITABLE PURPOSE AND ACTIVITIES OF THE FOUNDATION. A COPY OF THE ANNUAL STATEMENT IS RETAINED IN THE FOUNDATION'S BOOK AND RECORDS. FORM 990, PART VI, SECTION B, LINE 15A OFFICER COMPENSATION IS SET BY REVIEWING BENCHMARK DATA AND OTHER RELEVANT COMPARABLE DATA POINTS, AND THROUGH DISCUSSION WITH EXTERNAL SEARCH FIRMS WHERE APPLICABLE. ONCE A RECOMMENDATION IS FORMULATED, IT IS PRESENTED TO THE BOARD FOR REVIEW AND FINAL APPROVAL. THE BOARD ALSO ANNUALLY REVIEWS AND APPROVES THE OPERATING BUDGET WHICH INCLUDES SALARIES AND EMPLOYEE BENEFITS. THE PROCESS FOR ESTABLISHING EXECUTIVE COMPENSATION WAS LAST PERFORMED ON JANUARY 2016. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE SERVICE CODE AS IT IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR WEBSITES. IN ADDITION, FORMS 990 AND 1023, AS WELL AS THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BYLAWS ARE AVAILABLE UPON WRITTEN REQUEST OF THE ORGANIZATION AT 60 PARK PLACE, SUITE 604, NEWARK, NJ 07102, OR BY CALLING THE ORGANIZATION AT 973-639-1600. FORM 990, PART XI, LINE 9: GRANT REFUNDS -1,430,335. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT OF THE AUDIT, PREPARATION OF THE FINANCIAL STATEMENTS, AND SELECTION OF AN INDEPENDENT AUDITOR HAS NOT CHANGED FROM THE PROCESS EMPLOYED IN PRIOR YEAR.