2024-11-14T08:36:11-06:00 2023-12-31 933292005 SAVASTANO KAUFMAN ADVISORS LLC 21-00 ROUTE 208 SOUTH SUITE120 FAIR LAWN NJ 07410 990 2023-01-01 471606282 JOYDEW FOUNDATION A NJ NONPROFIT CORPORATION JOYD 2012739068 164 HIGHLAND AVENUE RIDGEWOOD NJ 07450 MOISH TOV CEO & CHAIRMAN OF BOARD 2012739068 2024-11-14 1 0 BRETT A REA CPA P00089027 2017967300 2023 2024-10-15 13:58:12Z X MOISH TOV 164 HIGHLAND AVE RIDGEWOOD NJ 07450 1007294 0 X WWW.JOYDEW.COM X 2013 NJ CREATED AN INTEGRATED PROGRAM THAT INCLUDES A DAY PROGRAM, JOB TRAINING AND EMPLOYMENT FOCUSING ON THE UNIQUE ABILITIES OF ADULTS AGES 21 YEARS OF AGE AND OLDER WITH AUTISM AND OTHER NEUROLOGICAL DISABILITIES WHICH CREATE OPPORTUNITIES AND HIGHER QUALITY OF LIFE FOR THEM. 4 3 14 1 0 0 102674 39034 841093 953062 4475 15198 10220 0 958462 1007294 17273 0 0 0 548472 850812 0 0 130478 690136 835947 1255881 1686759 -297419 -679465 2114897 1962331 2134312 2661211 -19415 -698880 CREATED AN INTEGRATED PROGRAM THAT INCLUDES A DAY PROGRAM, JOB TRAINING AND EMPLOYMENT FOCUSING ON THE UNIQUE ABILITIES OF ADULTS 21 YEARS OF AGE AND OLDER WITH AUTISM AND OTHER NEUROLOGICAL DISABILITIES WHICH CREATES OPPORTUNITIES FOR HIGHER QUALITY OF LIFE FOR THEM. 0 0 1069958 953062 THE CORPORATION OPERATES A DAY PROGRAM FOR INDIVIDUALS 21 YEARS OF AGE AND OLDER WITH AUTISM.JOYDEW CREATED AN INTEGRATED PROGRAM THAT INCLUDES A DAY PROGRAM, JOB TRAINING AND EMPLOYMENT FOCUSING ON THE UNIQUE ABILITIES OF ADULTS WITH AUTISM. THE MISSION IS TO PROVIDE A MEANINGFUL LIFE AND PATH FOR GROWTH AND DEVELOPMENT THROUGH LEARNING CAREER DEVELOPMENT AND SOCIAL ENGAGEMENT, ALL IN AN AUTISM FRIENDLY ENVIRONMENT. JOYDEW LAUNCHED THE PROGRAM ON JANUARY 29, 2018 AND STARTED WITH 8 MEMBERS ENROLLED. THE PROGRAM AT THE END OF 2023 HAD 17 MEMBERS ENROLLED. 1069958 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 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 1 1 0 0 0 1 18 0 1 14 1 0 0 0 0 0 0 0 0 0 0 X 4 3 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 1 1 0 NJ X JOYDEW FOUNDATION A NJ NONPROFIT CORPORATION 2012739068 164 HIGHLAND AVENUE RIDGEWOOD NJ 07450 MOISH TOV CEO & CHAIRMAN OF THE BOARD 60.00 X X 120000 0 14314 ANAT KLEBANOV CHIEF OPERATIONS OFFICER 60.00 X 88030 0 41017 JEAN M MADDALON CHIEF FINANCIAL OFFICER 60.00 X 73188 0 0 KAREN JEAN K MILLICAN CHIEF COMMERCIAL OFFICER 40.00 X 128650 0 0 409868 0 55331 2 0 0 0 0 39034 39034 AUTISTIC DAY PROGRAM 616000 946107 946107 OTHER PROGRAM REVENUE 616000 6955 6955 953062 15198 15198 1007294 953062 0 15198 465199 243066 167983 54150 320905 167673 115879 37353 64708 33810 23366 7532 244570 166219 67646 10705 34800 23651 9625 1524 63685 43283 17615 2787 71746 37488 25908 8350 41277 28053 11417 1807 71341 48486 19732 3123 71489 63389 8100 35858 24370 9918 1570 146284 146284 23581 13539 8558 1484 PROGRAM EXPENSES 19017 19017 TRANSPORTATION EXPENSES 10214 10214 OTHER EXPENSES 2085 1416 576 93 1686759 1069958 486323 130478 924440 258920 11625 12948 11767 27448 41896 15859 24895 26037 1114400 975100 27770 661878 2114897 1962331 46160 42969 1087033 979033 967104 938937 34015 700272 2134312 2661211 X 0 0 0 0 -19415 -698880 -19415 -698880 2114897 1962331 -679465 0 X X 0 1 X 1 0 X 9646 3158 221131 102674 39034 375643 656275 626563 653257 841093 953062 3730250 665921 629721 874388 943767 992096 4105893 0 0 0 4105893 4475 15198 19673 4475 15198 19673 665921 629721 874388 948242 1007294 4125566 0.99520 0.00480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41896 15859 26037 26037 OPERATING LEASE RIGHT OF USE ASSET 649878 DEPOSITS 12000 661878 OPERATING LEASE LIABILITY ON RIGHT OF USE ASSET 653744 ACCRUED EXPENSES 40331 REFUNDABLE ADVANCES 6197 700272 X 1007294 0 1007294 0 1007294 1686759 0 1686759 0 1686759 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN INCOME TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION WOULD BE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE RELATED STANDARDS PROVIDE GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES ASSOCIATED WITH INCOME TAX POSITIONS AND INCOME TAX DISCLOSURES. THROUGH THE YEARS ENDED DECEMBER 2023 AND 2022 MANAGEMENT IS OF THE OPINION THAT THERE ARE NO UNCERTAIN INCOME TAX POSITIONS. ACCORDINGLY, THE ORGANIZATION HAS RECOGNIZED NO ADJUSTMENT FOR ANY UNCERTAIN INCOME TAX POSITION. X X 0 0 0 0 0 0 0 0 0 MOISH TOV CEO & CHAIRMAN OF THE BOARD 120000 0 0 0 0 0 0 0 14314 0 134314 0 0 0 JOYDEW LLC SEE PART V - BELOW ACQUIRED THE RIGHT TO INTELLECTUAL PROPERTY X 1393000 979033 0 1 1 979033 JOYDEW LLC SEE PART V - BELOW 108000 LOAN AMORTIZATION 0 SCHEDULE L PART IV: BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: JOYDEW, LLC(D) DESCRIPTION OF TRANSACTION: THE ORGANIZATION ACQUIRED THE RIGHTS TO INTELLECTUAL PROPERTY THAT WAS DEVELOPED AND OWNED BY JOYDEW, LLC, A RELATED PARTY. THE CEO OF THE ORGANIZATION IS ALSO THE MANAGING MEMBER AND OWNER OF JOYDEW, LLC. THE INTELLECTUAL PROPERTY CONSISTS OF PROPRIETARY TOOLS, PROCESSES AND PROCEDURES SUPPORTING INTEGRATED JOB TRAINING FOR INDIVIDUALS WITH AUTISM. THE PURCHASE WAS FINANCED BY A NON-INTEREST BEARING NOTE IN THE AMOUNT OF $1,393,000. DURING THE YEAR ENDED DECEMBER 31, 2023, PAYMENTS TOTALING $108,000 WERE MADE AGAINST THE NOTE. PAYMENTS WILL CONTINUE AT A RATE OF $9,000 PER MONTH AS CASH FLOW PERMITS UNTIL THE NOTE IS PAID IN FULL. FORM 990, PART VI, SECTION A, LINE 2 OFFICERS, TRUSTEES & DIRECTORS - FAMILY RELATIONSHIP: THE CEO & CHAIRMAN OF THE BOARD - MOISH TOV AND THE CHIEF OPERATING OFFICER - ANAT KLEBANOV ARE HUSBAND AND WIFE FORM 990, PART VI, SECTION A, LINE 2 A COPY OF FORM 990 IS PRESENTED TO EACH MEMBER OF THE BOARD PRIOR TO FILING FORM 990 FORM 990, PART VI, SECTION A, LINE 2 THE BOARD OF DIRECTORS MEET TO DISCUSS AND AGREE UPON THE ANNUAL SALARIES OF THE CEO, EXECUTIVE DIRECTOR, ALL OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM, ENGAGED BY THE GOVERNING BODY, IN WHICH A DRAFT COPY OF THE FORM 990 IS ROUTED TO THE GOVERNING BODY FOR REVIEW AND COMMENT PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO OF THE ORGANIZATION IS REVIEWED AND APPROVED BY THE GOVERNING BODY WITH AUTHORITY TO ACT ON BEHALF OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE UPON REQUEST FOR A PERIOD OF THREE YEARS FROM THE DUE DATE OF THE RETURN. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES GOVERNING DOCUMENTS,POLICIES AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. FORM 990 PART XII LINE 2C: THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESSES. JOYDEW LLC 164 HIGHLAND AVE RIDGEWOOD NJ 07450 452715684 FOUNDATION ACQUIRED INTELLECTUAL PROPERTY NJ N/A 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0