2024-08-14T09:47:03-05:00 2024-03-31 410746749 CLIFTONLARSONALLEN LLP 293 EISENHOWER PARKWAY 2ND FLOOR LIVINGSTON NJ 07039 990 2023-04-01 221539720 NEW EYES FOR THE NEEDY INC NEWE 9733764903 830 MORRIS TPKE SUITE 401 SHORT HILLS NJ 07078 JEAN GAJANO EXECUTIVE DIRECTOR 9733764903 2024-08-12 1 1 BRIDGET HARTNETT P01429163 9739949494 2024-08-12 2023 2024-08-08 14:25:15Z JEAN GAJANO 549 MILLBURN AVENUE SHORT HILLS NJ 07078 1366302 0 X WWW.NEW-EYES.ORG X 1934 NJ TO PROVIDE EYEGLASSES TO CHILDREN AND ADULTS FACING FINANCIAL CHALLENGES. 8 8 6 23 -10930 0 564334 307186 0 0 1445216 78538 87270 46987 2096820 432711 364689 522222 0 0 549721 474460 0 0 88957 391475 317603 1305885 1314285 790935 -881574 5128111 4796421 81033 100204 5047078 4696217 NEW EYES PROVIDES THE TRANSFORMATIVE TOOL OF EYEGLASSES TO CHILDREN AND ADULTS FACING FINANCIAL CHALLENGES. 0 0 1056048 522222 0 NEW EYES PROVIDES THE TRANSFORMATIVE TOOL OF NEW EYEGLASSES TO CHILDREN AND ADULTS FACING FINANCIAL CHALLENGES IN THE UNITED STATES SO THEY BUILD BETTER LIVES FOR THEMSELVES, THEIR FAMILIES AND THEIR COMMUNITIES. IN FY2023-24, NEW EYES PURCHASED NEW EYEGLASSES FOR 21,837 INDIVIDUALS IN FINANCIAL NEED IN ALL 50 STATES AND THE DISTRICT OF COLUMBIA. 24957 0 0 THE ORGANIZATION BEGAN SELLING EYEGLASSES TO THE PUBLIC ONLINE UNDER AZIMUTH EYEWEAR AT MARKET VALUE, DIRECTING NET PROCEEDS TO HELP FUND THE E-VOUCHER PROGRAM 1081005 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 6 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 8 8 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X X JEAN GAJANO 9733764903 549 MILLBURN AVENUE SHORT HILLS NJ 07078 KRISTINE VAN AMSTERDAM PRESIDENT 2.00 X X 0 0 0 MARIE CAVANAUGH BOARD MEMBER 1.00 X 0 0 0 PAT HAYES VICE PRESIDENT 1.00 X X 0 0 0 KATRINA VAN AMSTERDAM BOARD MEMBER 1.00 X 0 0 0 KEVIN SMITH TREASURER 5.00 X X 0 0 0 PREM SHARMA SECRETARY 1.00 X X 0 0 0 ALEX COOKE BOARD MEMBER 1.00 X 0 0 0 JOHN J DALTON TRUSTEE EMERITUS 1.00 X 0 0 0 JEAN GAJANO EXECUTIVE DIRECTOR 40.00 X 151680 0 2953 MELISSA MALONE CHIEF OPERATING OFFICER 40.00 X 129461 0 2688 281141 0 5641 1 0 1 0 0 307186 307186 118127 118127 869045 908634 -39589 -39589 -39589 57694 24957 32737 43667 -10930 OTHER MISCELLANEOUS 561000 14250 14250 14250 432711 43667 -10930 92788 X 522222 522222 154638 113408 23753 17477 281460 206415 43234 31811 4234 3106 650 478 34128 25030 5241 3857 2606 2606 41915 41915 12874 12874 140548 130875 9673 4440 3111 647 682 26842 21837 3578 1427 13876 10286 1944 1646 31734 23800 4126 3808 6795 3135 512 3148 COMMUNICATIONS: PUBLIC 13021 2609 2 10410 VOUCHER PROGRAM EXPENSE 10082 9847 235 0 BUILDING REPAIRS AND MA 200 200 12670 5324 3006 4340 1314285 1081005 144323 88957 2188 8286 205925 134827 27320 3665 52458 56421 20410 4015 243130 141437 96027 101693 4723783 4487514 5128111 4796421 81033 100204 81033 100204 X 4854974 4514628 192104 181589 5047078 4696217 5128111 4796421 -881574 530713 0 X X 0 1 X 1 0 X 532927 455182 841142 564334 307186 2700771 532927 455182 841142 564334 307186 2700771 657878 2042893 151109 116105 187599 78493 118127 651433 -6258 -10930 -17188 30909 7627 10766 11750 14250 75302 3410318 294589 0.59900 0.58510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 186064 186064 196040 -9976 186064 205422 -9382 196040 200772 5433 783 205422 189593 11936 757 200772 0 0 3965 3155 810 239165 138282 100883 101693 X 975507 530713 530713 444794 12874 -24957 -12083 432711 1326368 24957 24957 1301411 12874 12874 1314285 PART V, LINE 4: THE BOARD OF TRUSTEES HAS DESIGNATED THE ORGANIZATION'S UNRESTRICTED INVESTMENT ACCOUNT AS AN ENDOWMENT FUND. IT IS THE INTENT OF THE BOARD OF TRUSTEES TO MAINTAIN THE ENDOWMENT AND UTILIZE THE TOTAL RETURN (INCOME PLUS CAPITAL CHANGE) TO FURTHER THE MISSION OF THE ORGANIZATION. IN RECOGNITION OF THE PRUDENCE REQUIRED OF FIDUCIARIES, REASONABLE DIVERSIFICATION OF QUALITY INVESTMENT SECURITIES WILL BE SOUGHT WHERE POSSIBLE, KNOWING THAT FLUCTUATING RATES OF RETURN ARE A CHARACTERISTIC OF THE INVESTMENT MARKET AND PERFORMANCE CYCLES CANNOT BE ACCURATELY PREDICTED. THE FUND MAY BE HELD IN FIXED-INCOME AND EQUITY FUNDS, AND MAY BE FURTHER DIVERSIFIED INTO OTHER ASSET CLASSES. PART X, LINE 2: THE ORGANIZATION IS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS NOT LIABLE FOR FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATION'S 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 DERECOGNITION, 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 OR PENALTIES WERE RECORDED DURING THE FISCAL YEARS ENDED 2024 AND 2023. AT MARCH 31, 2024 AND 2023, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: AZIMUTH COST OF GOODS SOLD -24,957. PART XII, LINE 2D - OTHER ADJUSTMENTS: AZIMUTH COST OF GOODS SOLD 24,957. 1 PURCHASE OF EYEGLASS VOUCHERS 21837 522222 CASH PART I, LINE 2: CHILDREN AND ADULTS FACING FINANCIAL CHALLENGES WORK WITH SOCIAL SERVICE AGENCIES WHO APPLY ON THEIR BEHALF. IN SOME CIRCUMSTANCES, INDIVIDUALS MAY APPLY FOR THEMSELVES DIRECTLY. AN E-VOUCHER IS ISSUED WITH INSTRUCTIONS ONLINE WITH NEW EYES' OPTICAL LAB PARTNER. THE E-VOUCHER NUMBER IS EXERCISABLE UP TO THREE MONTHS FROM THE E-VOUCHER DATE. X 0 0 0 0 0 0 0 0 0 JEAN GAJANO EXECUTIVE DIRECTOR 147680 0 4000 0 0 0 2953 0 0 0 154633 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 KRISTINE VAN AMSTERDAM IS KATRINA VAN AMSTERDAM'S MOTHER. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL. IF QUESTIONS ARISE, A SPECIAL MEETING IS ARRANGED WITH THE AUDITOR. FORM 990, PART VI, SECTION B, LINE 12C ANY INSTANCES OF CONFLICT OF INTEREST ARE REVIEWED ON A CASE-BY-CASE BASIS AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. STAFF COMPENSATION IS DETERMINED BY THE EXECUTIVE DIRECTOR DURING THE BUDGET PROCESS WHICH IS APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 UPON RECEIPT OF A WRITTEN REQUEST BY AN INTERESTED PARTY, THE ORGANIZATION SENDS A WRITTEN DOCUMENT TO THE REQUESTOR. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 130,875. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 9,673. TOTAL EXPENSES 140,548. FORM 990, PART XII, LINE 2C: THE BOARD ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT AUDITOR. THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.