2013-11-14T06:29:14-06:00 2012-12-31 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2012-01-01 550810709 FOUNDATION FOR PEACE FOUN 9738136122 PO BOX 424 IRONIA NJ 07845 KEN CULVER 9738136122 2013-11-13 1 MARCIA A GELTMAN CPA P00294146 9733281825 2013-11-13 2012 2016-02-25 16:41:14Z KEN CULVER PO BOX 424 IRONIA NJ 07845 2194320 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. 6 6 0 942 0 0 6761432 1537173 590922 641291 20 86 0 0 7352374 2178550 7080514 1724907 0 0 0 0 0 0 5767 281141 344389 7361655 2069296 -9281 109254 274938 356071 58588 30489 216350 325582 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 1944481 1626191 574831 MISSION TRIP PROGRAMSOBJECTIVE: OUR MISSION TEAMS, WHICH TOTALED OVER 940 VOLUNTEERS IN 2012, 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 HAVE 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 IN 2012:-BROUGHT HOPE TO THOUSANDS OF PEOPLE, BY STRENGTHENING EXISTING RELATIONSHIPS AND BUILDING NEW ONES-OPENED A NEW LANGUAGE SCHOOL WITH AN ENROLLMENT OF 500 STUDENTS WHO ARE LEARNING ENGLISH AND SPANISH-COMPLETED A CHURCH PAVILION IN KWA KOK-PROVIDED EDUCATION PROGRAMS TO MORE THAN 2,000 PEOPLE-PROVIDED MEDICAL CARE FOR MORE THAN 1,500 PEOPLE-PROVIDED SUPPORT TO REPAIR FISHING BOATS FOR THE COMMUNITY OF VILAJ KANES-PROVIDED MEALS IN REMOTE VILLAGES FOR 250 OR MORE PEOPLE AT LEAST ONCE PER MONTH-HELPED RELOCATE THE REMAINING 36 FAMILIES LIVING IN TENTS IN FOND PARISIEN TO A HOUSE-SHIPPED ABOUT 20 TONS OF SUPPLIES FROM THE US FOR SCHOOLS AND CHURCHESKENYA:2 TEAMS (25 PEOPLE) CONTINUED WORKING HAND IN HAND WITH OUR KENYAN PARTNERS IN NGONG HILLS AND THE MATHARE NORTH SLUM. TOGETHER WE ACCOMPLISHED THE FOLLOWING IN 2012:-BROUGHT HOPE TO HUNDREDS OF PEOPLE, BY STRENGTHENING EXISTING RELATIONSHIPS AND BUILDING NEW ONES-CONDUCTED AN ALL-DAY TEACHER TRAINING PROGRAM AND AN HALF-DAY CONFERENCE FOR WOMENS GROUPS IN MATHARE NORTH-COMPLETED THE 3RD FLOOR CONSTRUCTION AT THE BYGRACE ORPHANAGE ENABLING >150 CHILDREN, INCLUDING THE 35 ORPHANS LIVING IN RESIDENCE, TO BE EDUCATED THERE.-INITIATED CONSTRUCTION OF A COMMUNITY CENTER IN THE MATHARE NORTH SLUM-PRESENTED EDUCATION PROGRAMS FOR 700 CHILDREN-PROVIDED MEDICAL CARE & FOOD FOR 850 PEOPLE IN THE MATHARE NORTH SLUM-VISITED AND CARED FOR 50 PEOPLE WITH HIV/AIDS IN NAIROBI SLUMS -SHIPPED ABOUT 10 TONS OF SUPPLIES FROM THE US FOR SCHOOLS AND CHURCHESDOMINICAN REPUBLIC:THE BULK OF OUR VOLUNTEERS APPROXIMATELY 600 WORKED HERE. TOGETHER WE ACCOMPLISHED THE FOLLOWING IN 2012:-BROUGHT HOPE TO TENS OF THOUSANDS OF PEOPLE, BY STRENGTHENING EXISTING RELATIONSHIPS AND BUILDING NEW ONES-CONTINUED OR BEGAN NEW CONSTRUCTION OF SCHOOLS, CHURCHES, WATER PROJECTS AND MEDICAL CLINICS-EXPANDED 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 HUNDREDS OF VOLUNTEER NURSES-PRESENTED EDUCATION PROGRAMS FOR THOUSANDS OF CHILDREN-SHIPPED OVER 30 TONS OF SUPPLIES FROM THE US FOR SCHOOLS, MEDICAL CLINICS AND OTHER PROJECTS 98067 98067 38690 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 NEW LANGUAGE SCHOOL WAS OPENED IN GANTHIER, HAITI THAT SERVES 500 STUDENTS BY TEACHING ENGLISH AND SPANISH. THE SECOND FLOOR THAT WILL HOUSE A VOCATIONAL SCHOOL IS UNDER CONSTRUCTION IN GANTHIER. THE THIRD FLOOR OF THE BYGRACE ACADEMY IN KENYA WAS COMPLETED AND WE CONTINUE TO SUPPORT 10 SCHOOLS IN THE DOMINICAN REPUBLIC, KENYA AND HAITI WITH SUPPLIES AND FINANCIAL ASSISTANCE THROUGH THE CONTAINER SHIPMENTS AND SPONSORSHIP PROGRAMS. 649 649 27770 WATER PURIFICATION PROGRAMSOBJECTIVE: PROVIDE AN AFFORDABLE SOURCE OF CLEAN WATER FOR PEOPLE IN AREAS WHERE THEY ARE 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: IN 2012 WE OPENED ANOTHER CLEAN WATER SYSTEM IN THE DOMINICAN REPUBLIC. WE CONTINUE TO SUPPORT THE OPERATION OF CLEAN WATER SYSTEMS IN THE DOMINICAN REPUBLIC AND HAITI WITH SUPPLIES AND FINANCIAL ASSISTANCE. 2043197 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 2 0 1 0 0 1 DR HA 0 0 0 0 0 0 0 0 X 6 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X KENNETH CULVER 9738136122 8 JARED DRIVE MENDHAM NJ 07845 X ALBERTO MARTINEZ LUGO 5.00 X X 0 0 0 ROSALINA CARDONA MARTINEZ 5.00 X X 0 0 0 JEFFREY SPRAGENS 5.00 X X 0 0 0 JOY FOWLER SPRAGENS 5.00 X X 0 0 0 CINDY ALLOWAY-CULVER 5.00 X X 0 0 0 KENNETH CULVER 10.00 X X 0 0 0 0 0 0 0 0 0 0 0 1537173 977754 1537173 MISSION TRIP FEES 900099 641291 641291 641291 32 32 15824 15770 54 54 54 2178550 641291 0 86 1724907 1724907 1223 1223 11000 11000 2132 2132 7422 7422 1901 1901 4667 4200 467 MISSION TRIPS 280326 280326 SHIPPING COSTS 26342 26342 FUNDRAISING 5767 5767 BANK FEES 3609 3609 2069296 2043197 20332 5767 5224 75244 24843 23912 321417 65113 244871 256304 0 611 274938 356071 58588 30489 58588 30489 X 216350 325582 216350 325582 274938 356071 109254 -22 0 X X 0 1 X 1 0 X 2471362 1880573 2050474 6761432 1537173 14701014 2471362 1880573 2050474 6761432 1537173 14701014 14701014 216 149 270 20 32 687 14701701 1232213 1.00000 0.99990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 108975 108975 166912 41730 125182 45530 23383 22147 256304 X 2178528 -22 -22 2178550 0 2178550 2069296 0 2069296 0 2069296 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 ACCOUNTING STANDARDS CODIFICATION, 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, 2012. 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 GOVERNMENT 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 THREE YEARS FORM THE LATEST FILING DATE FOR FEDERAL AND FOUR YEARS FROM THE LATEST FILING DATE FOR NEW JERSEY. 1 DOMINICAN REPUBLIC 2 3 PROGRAM SERVICES EDUCATION, MEDICAL CARE, CLEAN WATER 813812 HAITI 1 2 PROGRAM SERVICES EDUCATION, CLEAN WATER 697805 KENYA 0 0 PROGRAM SERVICES EDUCATION, MEDICAL CARE 213290 3 5 0 0 3 5 1724907 0 1724907 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: THE PRESIDENT AND ASSOCIATE DIRECTOR OVERSEE ALL MONETARY TRANSACTIONS, WHETHER IN THE UNITED STATES OR IN A FOREIGN COUNTRY. METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: FAIR MARKET VALUE. ALBERTO MARTINEZ LUGO BOARD MEMBER MORTGAGE LOAN FOR HOUSE IN DOMINICAN X 275000 30489 0 1 1 30489 X 1 823013 FAIR MARKET VALUE X NUMEROUS SUPPLIES 70 154741 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 KEN CULVER, PRESIDENT AND CYNTHIA ALLOWAY, SECRETARY, ARE SPOUSES. ALBERTO MARTINEZ, CHAIRMAN, AND ROSALINA MARTINEZ, VICE PRESIDENT, ARE SPOUSES. JEFF SPRAGENS, VICE-PRESIDENT, AND JOY SPRAGENS, VICE-PRESIDENT, ARE SPOUSES. FORM 990, PART VI, SECTION B, LINE 11 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. 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 PART XII, LINE 2C THERE WAS NO CHANGE FROM THE PRIOR YEAR.