2016-12-02T13:16:55-08:00 2015-12-31 Caristia Kulsar & Wade LLC 336 Sparta Ave Sparta NJ 07871 990 2015-01-01 222582265 Pope John XXIII Endowment Fund Inc POPE 9734407504 PO Box 947 Sparta NJ 07871 Christopher Lynch CPA 2016-12-02 true David P Henderson CPA P00010068 9737298968 2015 2017-02-10 21:41:12Z John Ursin PO Box 947 Sparta NJ 07871 1015513 false false X popejohnendowment.org Assist Pope John High School, Sparta N.J. in providing educational services. 17 17 1 26 0 71762 53269 0 382594 150300 65425 73929 519781 277498 60500 77260 0 37837 40373 0 762 98644 139833 196981 257466 322800 20032 4832161 4483942 25980 273892 4806181 4210050 Assist Pope John High School, Sparta N.J. in providing educational services. false false 77260 Education Services 77260 true true false false false false false false false true true false false true true true true false false false false false false false true false false true true false false false false false false false false false true false false false false false false false false false false false false true 10 1 true 1 true false false false false false false true true false 0 false false false false false false false false false false X 17 17 false false false false false false false true true false false true true false false true true true false false NJ X Organization 9737295572 PO Box 947 Sparta NJ 07871 Dr Joseph D'Onofrio Trustee 2.00 0.00 X 0 0 0 John Trachy Asst.Treasurer 5.00 0.00 X X 0 0 0 Robert Dole Trustee 2.00 0.00 X 0 0 0 John Meehan Secretary 5.00 0.00 X X 0 0 0 William Lovas Trustee 2.00 0.00 X 0 0 0 Christopher Lynch Treasurer 5.00 0.00 X X 0 0 0 John Ursin President 5.00 0.00 X X 0 0 0 Tim Allocca Vice President 5.00 0.00 X X 0 0 0 Joseph Biondo Vice President 5.00 0.00 X X 0 0 0 Sharon Kerrison Trustee 2.00 0.00 X 0 0 0 Louis Esposito Trustee 2.00 0.00 X 0 0 0 Joseph Macaluso Trustee 2.00 0.00 X 0 0 0 Stephen Tilton Sr Trustee 2.00 0.00 X 0 0 0 Mark Young Trustee 2.00 0.00 X 0 0 0 Joseph Beebe Trustee 2.00 0.00 X 0 0 0 Michael Whittam Trustee 2.00 0.00 X 0 0 0 Tony Pinsonault Trustee 2.00 0.00 X 0 0 0 Erin Higgins Executive Dir. 30.00 0.00 X 36288 0 0 36288 0 false false false 0 53269 5024 53269 0 85514 85514 0 0 2250 2250 2250 2250 706900 642114 64786 64786 64786 167580 95901 71679 0 0 0 277498 67036 85514 68860 68860 8400 8400 0 0 36288 36288 0 0 0 0 4085 4085 0 0 0 0 0 43571 43571 12710 12710 762 762 23664 23664 0 0 0 0 0 0 6136 6136 0 6614 6614 0 REAL ESTATE TAXES 22668 22668 Repairs & Maintenance 10362 10362 Recognition Dinner 6947 6947 OUTSIDE SERVICES 3636 3636 2763 2763 257466 77260 179444 762 59263 40712 603697 173850 0 685 0 0 0 0 0 336800 6614 330186 3829874 3683058 0 0 0 339327 255450 4832161 4483942 25980 28324 243318 2250 25980 273892 X 3933386 3355655 862795 844395 10000 10000 4806181 4210050 4832161 4483942 X 20032 -38463 -577700 X false true X true false X X 1 Pope John HS 453657179 2 true 77260 0 1 77260 0 true false false false false false false false false false false false false false false true false false X true true false false Part IV, Section D, Line 2: Organizaiton Maintained A Relationship with Supported Orgs. POPE JOHN XXIII REGIONAL HIGH SCHOOL REPRESENETATIVES 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 SUPPORTS ITS STUDENTS AND EDUCATIONAL PROGRAMS. Part IV, Section E, Line 2a: Identify Supported Orgs. and Explain How Activities Furthered Exempt Pu POPE JOHN XXIII REGIONAL HIGH SCHOOL IS THE SUPPORTED ORGANIZATION. THE ACTIVITIES SUPPORT THE HIGH SCHOOL BY PROVIDING SUPPORT FOR ITS EDUCATIONAL PROGRAMS. POPE JOHN HIGH SCHOOL REQUESTS FUNDS FROM THE POPE JOHN XXIII ENDOWMENT FUND TO SUPPORT IT'S EDUCATIONAL PROGRAMS. 100% OF THE POPE JOHN XXIII ENDOWMENT FUND'S FUNCTIONAL EXPENSES WERE TO PROVIDE SUPPORT TO POPE JOHN HS Part IV, Section E, Line 2b: Reasons For The Organization's Position 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 872795 10000 28400 854395 870195 20700 18100 872795 891158 30900 51863 870195 570399 295299 25460 891158 337628 342787 -104857 5169 570399 0.01170 0.98830 false false false 60403 60403 266361 6261 260100 10036 353 9683 330186 Properties held for expansion and invest 253200 SECURITY DEPOSIT 2250 255450 SECURITY DEPOSIT 2250 2250 X 107630 -38463 95901 57438 50192 227306 227306 277498 703761 446295 446295 257466 257466 Part X : FIN48 Footnote 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 revenue amounts included in F/S but not included on form 990 Fundraising expenses $95901 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S diff between book and tax on inv sold $227306 Part XII, Line 2d: Other expenses and losses per audited F/S Fundraising expenses $95901 impairment loss on real estate $350394 false Golf outing 93380 93380 1315 1435 21495 8168 Car raffle 74200 74200 59000 4488 167580 167580 1315 60435 21495 12656 95901 71679 false Pope John XXIII High School 28 Andover Road Sparta NJ 07871 453657179 68860 0 Education services 0 1 Scholarships 6 8400 Joseph Biondo board member 43571 Invest Advisory Fee false Form 990, Part VI, Line 11b: Form 990 Review Process Form 990 provided to entire board and reviewed prior to filing. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management Board of trustees annually review executive directors compensation Form 990, Part VI, Line 19: Other Organization Documents Publicly Available AVAILABLE UPON REQUEST Other Changes In Net Assets Or Fund Balances - Other Decreases diff on book and tax on investments sold = -$227306 Other Changes In Net Assets Or Fund Balances - Other Decreases impairment loss on real estate = -$350394