SUSSEX EDUCATIONAL FOUNDATION INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- SUSSEX EDUCATIONAL FOUNDATION INC (EIN 22-3448677)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-14
- IRS object ID
- 201243199349301539
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-14T12:48:54-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 221478099 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COHNREZNICK LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 BECKER FARM ROAD | AddressLine1 |
| City | ROSELAND | City |
| State | NJ | State |
| ZIP Code | 070681739 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 223448677 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SUSSEX EDUCATIONAL FOUNDATION INC | BusinessNameLine1 |
| Business Name Line2 | C/O BERKELEY COLLEGE | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SUSS | NameControl |
| Phone | 9732785400 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | POST OFFICE BOX 440 | AddressLine1 |
| City | WEST PATERSON | City |
| State | NJ | State |
| ZIP Code | 07424 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHAEL J SMITH | Name |
| Title | CFO | Title |
| Phone | 2012911111 | Phone |
| Date Signed | 2012-11-09 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | EUGENE BERL | Name |
| PTIN | P00105290 | PTIN |
| Phone | 9732283500 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MICHAEL J SMITH | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 64 EAST MIDLAND AVENUE | AddressLine1 |
| City | PARAMUS | City |
| State | NJ | State |
| ZIP Code | 07652 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 847804 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1996 | YearFormation |
| State Legal Domicile | NJ | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE AFFORDABLE HOUSING AND RESIDENTIAL FACILITIES TO STUDENTS ATTENDING EDUCATIONAL INSTITUTIONS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 6 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 6 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 767244 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 801756 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 34655 | InvestmentIncomePriorYear |
| Investment Income Current Year | 46048 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 801899 | TotalRevenuePriorYear |
| Total Revenue Current Year | 847804 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 0 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 655609 | OtherExpensePriorYear |
| Other Expenses Current Year | 662430 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 655609 | TotalExpensesPriorYear |
| Total Expenses Current Year | 662430 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 146290 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 185374 | RevenuesLessExpensesCY |
| Total Assets BOY | 5705250 | TotalAssetsBOY |
| Total Assets EOY | 5899862 | TotalAssetsEOY |
| Total Liabilities BOY | 649156 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 658394 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 5056094 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 5241468 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO PROVIDE AFFORDABLE HOUSING TO COLLEGE STUDENTS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 661937 | Expense |
| Revenue | 801756 | Revenue |
| Description | THE FOUNDATION WAS FORMED TO PROVIDE RESIDENTIAL FACILITIES TO STUDENTS OF EDUCATIONAL INSTITUTIONS AT THE LOWEST POSSIBLE COST WHICH IS NOT OTHERWISE AVAILABLE. | Description |
| Total Program Service Expense | 661937 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 6 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 6 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NJ | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL J SMITH | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2012911111 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 64 EAST MIDLAND AVENUE | AddressLine1 |
| City | PARAMUS | City |
| State | NJ | State |
| ZIP Code | 07652 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (6 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| SAMUEL MORREALE | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| RICK BEYE | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| JAY VAN DELDEN | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| THOMAS MARINO | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| DONALD PHILLIPS | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MICHAEL J SMITH | ||||||
| TREASURER | 1.00 | 0 | 0 | 0 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PROVIDE RESIDENTIAL FA | Description |
| Business Code | 611710 | BusinessCode |
| Total Revenue Column | 801756 | TotalRevenueColumn |
| Related Or Exempt Function Income | 801756 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 801756 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 46048 | TotalRevenueColumn |
| Exclusion | $46,048 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 847804 | TotalRevenueColumn |
| Related Or Exempt Function Income | 801756 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $46,048 | ExclusionAmount |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 493 | Total |
| Management And General | 493 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 390000 | Total |
| Program Services | 390000 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 80074 | Total |
| Program Services | 80074 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7875 | Total |
| Program Services | 7875 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| SECURITY | 62350 | 62350 |
| UTILITIES | 57923 | 57923 |
| PROPERTY TAXES | 30064 | 30064 |
| CLEANING | 15665 | 15665 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17986 | Total |
| Program Services | 17986 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 662430 | Total |
| Program Services | 661937 | ProgramServices |
| Management And General | 493 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 304730 | BOY |
| EOY | 140870 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3555788 | BOY |
| EOY | 4001576 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 2181171 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 503361 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1757884 | BOY |
| EOY | 1677810 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14788 | BOY |
| EOY | 14788 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72060 | BOY |
| EOY | 64818 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5705250 | BOY |
| EOY | 5899862 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8500 | BOY |
| EOY | 17738 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 640656 | BOY |
| EOY | 640656 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 649156 | BOY |
| EOY | 658394 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5056094 | BOY |
| EOY | 5241468 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5056094 | BOY |
| EOY | 5241468 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5705250 | BOY |
| EOY | 5899862 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 185374 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 0 | FSAudited |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 675444 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 702188 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 736053 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 767244 | CurrentTaxYearMinus1Year |
| Current Tax Year | 801756 | CurrentTaxYear |
| Total | 3682685 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 675444 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 702188 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 736053 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 767244 | CurrentTaxYearMinus1Year |
| Current Tax Year | 801756 | CurrentTaxYear |
| Total | 3682685 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 3682685 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 147977 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 64268 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 15830 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 34655 | CurrentTaxYearMinus1Year |
| Current Tax Year | 46048 | CurrentTaxYear |
| Total | 308778 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 147977 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 64268 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 15830 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 34655 | CurrentTaxYearMinus1Year |
| Current Tax Year | 46048 | CurrentTaxYear |
| Total | 308778 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 823421 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 766456 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 751883 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 801899 | CurrentTaxYearMinus1Year |
| Current Tax Year | 847804 | CurrentTaxYear |
| Total | 3991463 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.92260 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.90600 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.07740 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.09400 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule D IRS990ScheduleD
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2174038 | OtherCostOrOtherBasis |
| Depreciation | 498775 | Depreciation |
| Book Value | 1675263 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7133 | OtherCostOrOtherBasis |
| Depreciation | 4586 | Depreciation |
| Book Value | 2547 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1677810 | TotalOfBookValueLandBuildings |
| Total Revenue | 847804 | TotalRevenue |
| Total Expenses | 662430 | TotalExpenses |
| Excess Or Deficit For Year | 185374 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | 185374 | ExcessOrDeficitPerFS |
Schedule L IRS990ScheduleL
Loan Table LoanTable
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BERKELEY EDUCATIONAL SERVICES OF NEW JERSEY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Purpose Of Loan | TO IMPROVE THE BUILDING USED IN CHARITABLE ACTIVITY | PurposeOfLoan |
| Loan To Organization | X | LoanToOrganization |
| Original Principal | $640,656 | OriginalPrincipalAmount |
| Balance Due | 640656 | BalanceDue |
| Default | 0 | Default |
| Approved By Board | 1 | ApprovedByBoard |
| Written Agreement | 1 | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 640656 | TotalBalanceDue |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION DOES HAVE MEMBERS, INCLUDING LARRY LUING, KEVIN LUING, TIMOTHY LUING AND BRIAN LUING. THEY ONLY HAVE THE RIGHT TO APPOINT BOARD MEMBERS, BUT DO NOT HAVE THE AUTHORITY TO APPROVE SIGNIFICANT DECISIONS OF THE BOARD. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF THE LUING FAMILY HAVE THE AUTHORITY TO APPOINT THE BOARD OF DIRECTORS OF SUSSEX EDUCATIONAL FOUNDATION, INC (SEF). NONE OF THE LUINGS SERVE AS OFFICERS, DIRECTORS OR TRUSTEES AND THEY DO NOT RECEIVE COMPENSATION FROM SEF. AS SUCH, THEY ARE NOT BOARD MEMBERS AND THEY DO NOT HAVE THE RIGHT TO VOTE ON MATTERS BROUGHT BEFORE THE BOARD. THEY DO NOT HAVE ANY RIGHTS TO A SHARE OF THE ORGANIZATION'S PROFITS OR NET ASSETS UPON THE ORGANIZATION'S DISSOLUTION. | |
| FORM 990, PART VI, SECTION A, LINE 7B | THE FOUR MEMBERS OF THE LUING FAMILY WHO ARE MEMBERS OF SUSSEX EDUCATIONAL FOUNDATION, INC DO NOT VOTE ON MATTERS BROUGHT BEFORE THE BOARD. HOWEVER, AS PREVIOUSLY NOTED, THEY HAVE THE RIGHT TO APPOINT THE BOARD OF DIRECTORS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE CFO REVIEWS THE 990 AND THEN DISCUSSES IT WITH THE BOARD MEMBERS WHO HAVE EACH BEEN GIVEN A COPY FOR THEIR REVIEW. | |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH YEAR THE ORGANIZATION DISTRIBUTES A CONFLICT OF INTEREST POLICY TO BOARD MEMBERS FOR THEIR REVIEW AND THEIR ACKNOWLEDGEMENT THAT THEY ARE AWARE OF THE POLICY. | |
| THERE WAS NO COMPENSATION PAID TO EITHER OFFICERS, KEY EMPLOYEES OR OTHER EMPLOYEES IN 2011. | ||
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| FORM 990, PART IV, LINE 34 | THE MEMBERS OF THE LUING FAMILY HAVE THE RIGHT TO APPOINT MEMBERS OF THE BOARD OF DIRECTORS OF THE SUSSEX EDUCATIONAL FOUNDATION INC. (SEF). NONE OF THE LUINGS SERVE AS OFFICERS, DIRECTORS, TRUSTEES OR KEY EMPLOYEES AND THEY DO NOT RECEIVE COMPENSATION FROM SEF. AS SUCH, THEY ARE NOT OFFICERS AND DO NOT VOTE ON MATTERS BROUGHT BEFORE THE BOARD. HOWEVER, AS PREVIOUSLY NOTED, THEY HAVE THE RIGHT TO ELECT THE BOARD OF DIRECTORS. FOR THAT REASON IT APPEARS THAT THEN ENTITIES OWNED BY THE LUING FAMILY MEMBERS MAY BE DEEMED RELATED OF SEF EVEN THOUGH THE LUINGS ARE NOT OFFICERS, DIRECTORS OR TRUSTEES. HOWEVER, BECAUSE THE LUINGS ARE NOT OFFICERS, DIRECTORS OR TRUSTEES, QUESTIONS 26 AND 28 HAVE BEEN ANSWERED NO. THREE ENTITIES OWNED BY THE LUING FAMILY HAVE FINANCIAL TRANSACTIONS WITH SUSSEX EDUCATIONAL FOUNDATION, INC. BERKELEY REALTY COMPANY, LLC (EIN #59-1625441) RENTS PROPERTY TO SUSSEX, WHICH SUSSEX USES TO OPERATE ITS DORMITORY FACILITY. BERKELEY EDUCATION SERVICES OF NJ INC. (EIN #22-2810633) HAS MADE A LOAN TO SUSSEX. BERKELEY EDUCATIONAL SERVICES OF NY, INC. (EIN #13-2819603) COLLECTS AND REMITS THE RENT TO SUSSEX COLLECTED FROM STUDENTS FOR THE RIGHT TO LIVE IN THE DORMITORY FACILITIES WHILE ATTENDING COLLEGE. IN ADDITION, THE FOLLOWING ENTITIES LISTED ARE ALSO OWNED BY MEMBERS OF THE LUING FAMILY, BUT HAVE NO INTERACTION OF ANY KIND WITH SUSSEX: BERKELEY MANAGEMENT COMPANY, BERKELEY & COMPANY, DOVER EDUCATIONAL SERVICES LLC, LUING HOLDINGS LLC, SHIP ISLAND ENTERPRISES, AND LEEWARD CORP. | SCHEDULE R SUPPLEMENTAL INFORMATION |
Schedule R IRS990ScheduleR
Form990 Schedule R Part III Form990ScheduleRPartIII
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE SCHEDULE O | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legal Domicile State | NY | LegalDomicileState |
| Disproportionate Allocations | 0 | DisproportionateAllocations |
| General Or Managing Partner | 0 | GeneralOrManagingPartner |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 1 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 1 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| BERKELEY REALTY COMPANY LLC | ||
| J | 390000 | FMV |
| BERKELEY EDUCATIONAL SERVICES OF NJ | ||
| E | ||