2021-08-13T10:15:43-05:00 2021-03-31 221430039 SOBEL & CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2020-04-01 221539720 NEW EYES FOR THE NEEDY INC NEWE 9733764903 549 MILLBURN AVENUE SHORT HILLS NJ 07078 JEAN GAJANO EXECUTIVE DIRECTOR 9733764903 2021-08-13 1 JEAN GAJANO 999009999 BRIDGET HARTNETT P01429163 9739949494 2021-08-13 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JEAN GAJANO 549 MILLBURN AVENUE SHORT HILLS NJ 07078 807851 0 X WWW.NEW-EYES.ORG X 1934 NJ TO PROVIDE EYEGLASSES TO CHILDREN AND ADULTS FACING FINANCIAL CHALLENGES. 9 9 5 13 0 0 532927 455182 0 0 170441 294788 130115 43691 833483 793661 423624 209844 0 0 183838 171674 0 0 68376 195321 198342 802783 579860 30700 213801 3751627 4967516 39125 60704 3712502 4906812 NEW EYES PROVIDES THE TRANSFORMATIVE TOOL OF EYEGLASSES TO CHILDREN AND ADULTS FACING FINANCIAL CHALLENGES. 0 0 433171 209844 36064 NEW EYES PROVIDES THE TRANSFORMATIVE TOOL OF EYEGLASSES TO CHILDREN AND ADULTS FACING FINANCIAL CHALLENGES ACROSS THE UNITED STATES. DURING THE 2020-21 FISCAL YEAR, NEW EYES PURCHASED NEW EYEGLASSES TO 9,268 INDIVIDUALS IN FINANCIAL NEED IN ALL 50 STATES AND THE DISTRICT OF COLUMBIA. 587 NEW EYES SENT 120,000 USED EYEGLASSES TO FEED THE CHILDREN FOR DISTRIBUTION IN LOW- AND MIDDLE-INCOME COUNTRIES. NEW EYES SENT 20,000 NEW SURPLUS EYE WEAR ITEMS FROM OPTICAL COMPANIES TO MISSIONS SERVING HAITI AND THE PHILIPPINES. IN NOVEMBER 2020, NEW EYES CLOSED THE USED EYEGLASSES PROGRAM CITING LOW DEMAND AND NEW EYE WEAR PRODUCT ALTERNATIVES. 433758 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X JEAN GAJANO 9733764903 549 MILLBURN AVENUE SHORT HILLS NJ 07078 KRISTINE VAN AMSTERDAM PRESIDENT 2.00 X X 0 0 0 SUSAN DYCKMAN BOARD MEMBER 1.00 X 0 0 0 MELISSA MALONE BOARD MEMBER 1.00 X 0 0 0 MARIE CAVANAUGH VICE PRESIDENT 1.00 X X 0 0 0 RACHEL WEINBERGER BOARD MEMBER 1.00 X 0 0 0 DIANA A EPSTEIN BOARD MEMBER 1.00 X 0 0 0 PETER TAGGART BOARD MEMBER 1.00 X 0 0 0 JOHN J DALTON BOARD MEMBER 1.00 X 5150 0 0 JENNIFER SINCLAIR BOARD MEMBER 1.00 X 0 0 0 KEVIN SMITH TREASURER 5.00 X X 0 0 0 SALLY GOLDING SECRETARY 40.00 X X 14249 0 265 JEAN GAJANO EXECUTIVE DIRECTOR 40.00 X 87437 0 1624 106836 0 1889 0 0 0 0 0 34235 420947 455182 116105 116105 192873 14190 178683 178683 178683 36064 0 36064 36064 OTHER MISCELLANEOUS 561000 7627 7627 7627 793661 36064 0 302415 209844 209844 93694 78986 9867 4841 64255 54203 6767 3285 1120 913 117 90 12605 10282 1318 1005 12423 5805 4448 2170 27845 13011 9971 4863 13932 13932 43773 20454 15674 7645 6569 3938 2235 396 7697 3254 2608 1835 5011 3072 532 1407 23839 17879 3099 2861 6014 3456 266 2292 POSTAGE AND SHIPPING 18885 587 2188 16110 MISCELLANEOUS, TRAVEL A 12028 34 1672 10322 BUILDING REPAIRS AND MA 10301 6711 2811 779 SPECIAL EVENTS EXPENSE 8401 8401 1624 1329 221 74 579860 433758 77726 68376 11730 16133 400916 392761 10616 14257 16414 4605 36776 7061 487825 340630 151034 147195 3124141 4385504 3751627 4967516 39125 26267 0 34437 39125 60704 X 3534607 4729892 177895 176920 3712502 4906812 3751627 4967516 213801 980509 0 X X 0 1 X 1 0 X 468843 509669 464863 532927 455182 2431484 468843 509669 464863 532927 455182 2431484 618698 1812786 92414 85405 127909 151109 116105 572942 7531 10837 30909 7627 56904 3061330 330412 0.59220 0.73100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 200772 5433 783 205422 189593 11936 757 200772 181702 8624 733 189593 180105 2747 1150 181702 178170 2589 654 180105 0.15500 0.84500 0 0 29400 29400 35600 35600 0 254894 214858 40036 167931 90172 77759 147195 REFUNDABLE ADVANCE 34437 34437 X 1763049 980509 2811 983320 779729 13932 13932 793661 568739 2811 2811 565928 13932 13932 579860 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 NOT-FOR-PROFIT 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 YEARS ENDED 2021 AND 2020. AT MARCH 31, 2021 AND 2020, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. 1 PURCHASE OF GLASSES 9268 209844 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. 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 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.