2015-11-16T10:20:57-06:00 2014-12-31 221430039 SOBEL AND CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2014-01-01 371420125 ISLES COMMUNITY FOUNDATION INC ISLE 6093414700 10 WOOD STREET TRENTON NJ 08618 MARTIN JOHNSON PRESIDENT 6093414700 2015-11-13 1 BRIDGET HARTNETT P01429163 9739949494 2015-11-13 2014 2016-04-25 22:37:26Z MARTIN JOHNSON 10 WOOD STREET TRENTON NJ 08618 3898917 0 X WWW.ISLES.ORG X 2001 NJ TO MANAGE INVESTMENT ACTIVITIES FOR ISLES, INC. 5 3 0 0 0 0 100 0 0 0 255149 304835 454 24 255703 304859 0 0 0 0 0 0 0 0 0 36427 35581 36427 35581 219276 269278 3835241 3987271 817929 830174 3017312 3157097 THE FOUNDATION ACTS AS A SUPPORTING ORGANIZATION FOR ISLES, INC. AS DESCRIBED IN SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION MANAGES THE INVESTMENT ACTIVITIES OF ISLES, INC. 0 0 MANAGEMENT OF THE INVESTMENT ACTIVITIES OF ISLES, INC. 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X THE ORGANIZATION 6093414700 10 WOOD STREET TRENTON NJ 08618 MARTIN JOHNSON PRESIDENT & CHAIR & TRUSTEE 1.00 39.00 X X 0 118556 14471 ANN MARIE SENIOR VICE PRESIDENT & TRUSTEE 0.20 X X 0 0 0 JOHN HART COO & TRUSTEE 0.50 39.50 X X 0 49734 3406 NORA BRENNAN VICE PRESIDENT & TRUSTEE 0.20 X X 0 0 0 RICHARD SIMKUS TRUSTEE 0.10 X 0 0 0 LOREN MCALISTER MANAGER, ASSISTANT SECRETARY 0.50 39.50 X 0 50564 9022 RICHARD OBER SECRETARY 1.00 34.00 X 0 24722 988 JUDY NIXON CFO & TREASURER 1.00 39.00 X 0 49258 5812 0 292834 33699 0 0 0 0 0 93652 93652 3805241 3594058 211183 211183 211183 OTHER INCOME 900099 24 24 24 304859 0 0 304859 23975 23975 11606 11606 35581 0 35581 0 233 209 3192261 3343676 642747 643386 3835241 3987271 25 817904 830174 817929 830174 X 3017312 3157097 3017312 3157097 3835241 3987271 269278 -129493 0 X X 0 1 X 1 1 1 X X X 1 ISLES INC 222350832 501(C)(3) 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV - SECTION D. LINE 3 THE ORGANIZATION WAS CREATED TO MANAGE THE INVESTMENTS FOR ISLES INC. (SUPPORTED ORGANIZATION). ISLES INC. ELECTS THE MEMBERS OF THE ORGANIZATION'S GOVERNING BOARD. IN ADDITION, SEVERAL MEMBERS OF THE ORGANIZATION'S GOVERNING BOARD ARE ALSO MEMBERS OF THE SUPPORTED ORGANIZATION'S GOVERNING BOARD AND THEREFORE HAVE A SIGNIFICANT VOICE IN THE ACTIVITIES OF THE ORGANIZATION. PART IV - SECTION E. LINE 2A THE ORGANIZATION MANAGES INVESTMENTS FOR ISLES INC WHICH PROVIDE SUPPORT FOR ISLES INC. TO CARRY OUT ITS EXEMPT PURPOSE. PART IV - SECTION E. LINE 2B ORGANIZATION WAS CREATED BY ISLES INC TO MANAGE THE INVESTMENTS. IF THE ORGANIZATION DID NOT MANAGE THE INVESTMENTS, ISLES INC. WOULD MANAGE THEM. 0 DUE FROM RELATED PARTY 643386 643386 X PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS RECOGNIZED ISLES COMMUNITY FOUNDATION, INC. AS TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST, AND PENALTIES, DISCLOSURE AND TRANSITION. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING THE YEARS ENDED 2014 AND 2013. THE TAX YEARS SUBJECT TO AUDIT BY FEDERAL AND STATE JURISDICTIONS ARE THE YEARS ENDED DECEMBER 31, 2011, AND FORWARD. AT DECEMBER 31, 2014 AND 2013, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF ISLES INC. ELECTS THE GOVERNING BOARD OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW AND APPROVAL BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THAT ISLES, INC. AND SUBSIDIARIES ARE NON-PROFIT ORGANIZATIONS AND THAT IN ORDER TO MAINTAIN THEIR FEDERAL TAX EXEMPTION THEY MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF THEIR TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS OF DETERMINING COMPENSATION INVOLVES AN ANNUAL REVIEW OF THE INDIVIDUAL'S PERFORMANCE AND COMPARISON OF PRESENT COMPENSATION TO MARKET DATA. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990 IS ALSO AVAILABLE VIA THE WEBSITE WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ISLES PROPERTIES INC 10 WOOD STREET TRENTON NJ 08618 550799217 HOLDING COMPANY OF REAL ESTATE PROPERTY FOR FOR ISLES, INC.'S EXEMPT PURPOSE NJ 501(C)(2) ISLES INC 1 ISLES INC 10 WOOD STREET TRENTON NJ 08618 222350832 PROVIDES HOUSING, GARDENING, RECREATION, AND ENVIRONMENTAL EDUCATION NJ 501(C)(3) LINE 7 N/A 0 ISLES E4 INC 10 WOOD STREET TRENTON NJ 08618 270375809 TRAIN INDIVIDUALS TO PERFORM WEATHERIZATION SERVICE TO LOW INCOME HOUSEHOLDS NJ 501(C)(3) LINE 9 ISLES INC 1 ISLES COMMUNITY ENTERPRISES 10 WOOD STREET TRENTON NJ 08618 262483265 TO PROVIDE EDUCATION, TRAINING, & FINANCING TO DISTRESSED COMMUNITIES NJ 501(C)(3) LINE 9 ISLES INC 1 ISLES MILL 57 INC 10 WOOD STREET TRENTON NJ 08618 271568899 ACQUIRE, HOLD, & SELL REAL PROPERTY TO SUPPORT OTHER 501(C)(3) ORGANIZATIONS NJ 501(C)(3) 11 ISLES INC 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 ISLES INC D 643386 LOAN VALUE