2020-03-30T10:18:16-05:00 2019-08-31 221430039 SOBEL & CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2018-09-01 223181507 NEW JERSEY SEEDS INC NEWJ 9736426422 494 BROAD STREET NO 105 NEWARK NJ 07102 JOHN CASTANO EXECUTIVE DIRECTOR 9736426422 2020-03-30 1 BRIDGET HARTNETT P01429163 9739949494 2020-03-30 96.225.92.15 2020-03-30 09:29:42 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 219EA9365B7B9753A25488AEC142D146ED78A548 2018 2020-11-06 18:47:13Z JOHN CASTANO 494 BROAD STREET NO 105 NEWARK NJ 07102 3235799 0 X WWW.NJSEEDS.ORG X 1992 NJ NEW JERSEY SEEDS (SCHOLARS, EDUCATORS, EXCELLENCE, DEDICATION, SUCCESS) IS A NONPROFIT ORGANIZATION THAT PREPARES MOTIVATED, HIGH-ACHIEVING, LOW-INCOME STUDENTS FOR ADMISSION TO PRIVATE SCHOOLS AND COLLEGES ACROSS THE COUNTRY. OUR PROGRAMS PROVIDES A DEMANDING COURSE OF STUDY DESIGNED TO DEVELOP THE INTELLECTUAL AND LEADERSHIP POTENTIAL OF OUR STUDENTS AND PREPARE THEM FOR LONG-TERM SUCCESS. 21 21 91 151 0 0 2491834 2412837 0 0 276505 242236 -131757 -5567 2636582 2649506 35320 40268 0 0 2536627 2458264 0 0 353448 1404151 1378732 3976098 3877264 -1339516 -1227758 9264484 8207929 272884 310584 8991600 7897345 X NEW JERSEY SEEDS (SCHOLARS, EDUCATORS, EXCELLENCE, DEDICATION, SUCCESS) IS A NONPROFIT ORGANIZATION THAT PREPARES MOTIVATED, HIGH-ACHIEVING, LOW-INCOME STUDENTS FOR ADMISSION TO PRIVATE SCHOOLS AND COLLEGES ACROSS THE COUNTRY. OUR PROGRAMS PROVIDES A DEMANDING COURSE OF STUDY DESIGNED TO DEVELOP THE INTELLECTUAL AND LEADERSHIP POTENTIAL OF OUR STUDENTS AND PREPARE THEM FOR LONG-TERM SUCCESS. 0 0 1402775 33225 THE SCHOLARS PROGRAM IS OPEN TO ELIGIBLE 7TH GRADE STUDENTS WHO LIVE IN CENTRAL AND NORTHERN NEW JERSEY. STUDENTS ARE PLACED IN SELECTIVE DAY AND BOARDING SCHOOLS IN THE 9TH GRADE. THE YOUNG SCHOLARS PROGRAM IS OPEN TO ELIGIBLE 4TH AND 5TH GRADE STUDENTS WHO LIVE IN THE GREATER NEWARK AREA. STUDENTS ARE PLACED IN SELECTIVE DAY AND JUNIOR BOARDING SCHOOLS IN THE 6TH AND 7TH GRADE. SCHOLARS AND YOUNG SCHOLARS ARE BOTH 14-MONTH PROGRAMS; STUDENTS TAKE CLASSES OVER TWO SUMMERS AND ON THE SATURDAYS IN BETWEEN. 797032 THE COLLEGE SCHOLARS PROGRAM IS A 17-MONTH IMMERSION EXPERIENCE FOR TOP-PERFORMING STUDENTS FROM PUBLIC HIGH SCHOOLS WITHIN 25 MILES OF NEWARK. STUDENTS SPEND SATURDAYS DURING THE SPRING OF THEIR JUNIOR YEAR AND ALL OF THEIR SENIOR YEAR WITH SEEDS, IN ADDITION TO A THREE-WEEK RESIDENTIAL SESSION PRIOR TO THE 12TH GRADE. STUDENTS ARE THEN PLACED IN SELECTIVE COLLEGES AND UNIVERSITIES.ALL OF SEEDS' ACADEMIC PROGRAMS ARE FREE TO ACCEPTED STUDENTS, AND TRANSPORTATION IS PROVIDED. 988319 7043 NJ SEEDS' GUIDANCE PROGRAM IS DESIGNED TO PROVIDE SEEDS GRADUATES WITH ACADEMIC, SOCIAL AND EMOTIONAL SUPPORT THROUGHOUT THEIR TIME IN THEIR PLACEMENT SCHOOLS. THE GUIDANCE STAFF VISITS STUDENTS ANNUALLY AND PROVIDES TAILORED PROGRAMMING FOR MIDDLE SCHOOL, HIGH SCHOOL AND COLLEGE-AGED STUDENTS. GUIDANCE ALSO PROVIDES A RANGE OF SERVICES TO MEET THE NEEDS OF SEEDS' GRADUATES, INCLUDING ORGANIZING COLLEGE TOURS, ARRANGING SUMMER INTERNSHIPS AND HOSTING EVENTS. 3188126 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 9 0 1 91 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ NY X X NEW JERSEY SEEDS INC 9736426422 494 BROAD STREET NEWARK NJ 07102 LEE SHAVEL BOARD MEMBER 1.00 X 0 0 0 THEO LUBKE CHAIR 1.00 X X 0 0 0 DONALD M AUSTIN BOARD MEMBER 1.00 X 0 0 0 EMMANUEL BELLO BOARD MEMBER 1.00 X 0 0 0 TAFFI AYODELE BOARD MEMBER 1.00 X 0 0 0 ELLIOT BERNDT BOARD MEMBER 1.00 X 0 0 0 CRYSTAL BROUSSARD BOARD MEMBER 1.00 X 0 0 0 SOLEIO CUERVO BOARD MEMBER 1.00 X 0 0 0 NATHANIEL E CONARD BOARD MEMBER 1.00 X 0 0 0 PAUL R DEROSA BOARD MEMBER 1.00 X 0 0 0 DAVID KWON BOARD MEMBER 1.00 X 0 0 0 VINCENT LIMA BOARD MEMBER 1.00 X 0 0 0 ANDY OKUN TREASURER 1.00 X X 0 0 0 POLLY PALUMBO BOARD MEMBER 1.00 X 0 0 0 DOUG ROTATORI BOARD MEMBER 1.00 X 0 0 0 ANDY SCHWARTZ BOARD MEMBER 1.00 X 0 0 0 BRIAN R STERLING BOARD MEMBER 1.00 X 0 0 0 ANDREW J THOMPSON VICE CHAIR 1.00 X X 0 0 0 GAYLE WIESENECK BOARD MEMBER 1.00 X 0 0 0 JANICE BECKMEN BOARD MEMBER 1.00 X 0 0 0 TRICIA BRENTJENS BOARD MEMBER 1.00 X 0 0 0 JOHN CASTANO EXECUTIVE DIRECTOR 40.00 X X 232500 0 21550 KRISTY GEOGHAN DIRECTOR OF DEVELOPMENT 40.00 X 122038 0 14151 ANDREW HOGE DIRECTOR OF ADMISSIONS & PLACEMENT 40.00 X 157500 0 23050 512038 0 58751 3 0 1 0 0 961697 1451140 278575 2412837 163461 163461 500000 421225 78775 78775 78775 159501 961697 165068 -5567 -5567 2649506 0 0 236669 40268 40268 585240 427561 57358 100321 1458649 1234863 96311 127475 32947 26165 2713 4069 122717 97458 10104 15155 258711 210592 19389 28730 105 105 26100 26100 54920 54920 26019 22312 3707 263701 195070 37684 30947 262843 212399 20136 30308 41091 36982 2054 2055 26784 22020 2322 2442 53837 42883 4372 6582 STUDENT EDUCATIONAL EXP 417848 415291 1918 639 STUDENT TRANSPORTATION 158284 158284 EDUCATIONAL BOOKS AND S 41257 41257 PRINTING AND PUBLICATIO 5943 4721 204 1018 3877264 3188126 335690 353448 225306 177376 173225 28841 1301115 547775 21750 96450 13623 15900 763289 710146 79927 53143 7341340 7175760 108198 112684 9264484 8207929 259530 281204 13354 29380 272884 310584 X 4901563 4290212 682669 184765 3407368 3422368 8991600 7897345 9264484 8207929 -1227758 133503 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5036149 15000 176771 -176771 5051149 4643069 15000 378080 5036149 4253699 25000 364370 4643069 4132257 15000 106442 4253699 4247701 15000 -130444 4132257 0.32250 0.67750 0 0 276355 234019 42336 486934 476127 10807 53143 FAMILY LIMITED PARTNERSHIP 26610 F TIAA-CREF 7149150 F 7175760 X 2783009 133503 133503 2649506 0 2649506 3877264 0 3877264 0 3877264 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. 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 FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, 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 AND PENALTIES WERE RECORDED DURING THE YEARS ENDED 2019 AND 2018. AT AUGUST 31, 2019 AND 2018, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NJ SEEDS DOES NOT DISCRIMINATE ON THE BASIS OF SEX, RACE, COLOR, NATIONAL OR ETHNIC ORIGIN IN THE ADMINISTRATION OF ITS EDUCATIONAL POLICIES, THE ADMISSION OF STUDENTS, OR ANY OTHER PROGRAMS. ALL STUDENTS SHARE THE SAME RIGHTS AND PRIVILEGES. ANNUAL BENEFIT 911181 868480 42701 35811 39514 GOLF EVENT 210017 93217 116800 52159 37584 1121198 961697 159501 87970 77098 165068 -5567 1 STUDENT ESSENTIALS- THIS ASSISTANCE HELPS THE LOW-INCOME STUDENTS AND THEIR FAMILIES COVER SOME OF THE EXPENSES ASSOCIATED WITH ATTENDING INDEPENDENT SCHOOLS THAT ARE NOT COVERED BY THE SCHOOLS' FINANCIAL AID PACKAGES. THESE EXPENSES INCLUDE TUITION GAPS, REGISTRATION FEES, BOOKS, TRAVEL EXPENSES AND OTHER INCIDENTALS. 56 40268 PART I, LINE 2: THE ORGANIZATION MAINTAINS RECORDS FOR ASSISTANCE PROVIDED. SELECTION CRITERIA IS BASED ON A CANDIDATE'S GEOGRAPHIC LOCATION, STRONG ACADEMIC SKILLS AND POTENTIAL, AS WELL AS FINANCIAL NEED. X 0 0 0 0 0 0 0 0 0 JOHN CASTANO EXECUTIVE DIRECTOR 232500 0 0 0 0 0 7488 0 14062 0 254050 0 0 0 ANDREW HOGE DIRECTOR OF ADMISSIONS & PLACEMENT 157500 0 0 0 0 0 5610 0 17440 0 180550 0 0 0 X 9 278552 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY. THEY REVIEW THE FORM 990 AND IF THERE ARE ANY QUESTIONS OR CONCERNS THEY ARE PRESENTED TO THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR WILL REVIEW THE QUESTIONS OR CONCERNS AND IF THERE IS ACTION TO TAKE, SPEAK WITH THE AUDITORS TO RESOLVE THE QUESTIONS OR CONCERNS. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER IS REQUIRED TO SIGN A DISCLOSURE STATING THAT THEY HAVE LISTED ALL KNOWN OR POTENTIAL CONFLICTS OF INTEREST AND THEY WILL ADVISE THE BOARD CHAIR OR PRESIDENT IF THEY ARE AWARE OF ANY NEW POTENTIAL CONFLICTS THAT MAY ARISE DURING THE COURSE OF THE FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR, OR TOP MANAGEMENT IS SET BY THE BOARD CHAIR IN CONSULTATION WITH THE FINANCE COMMITTEE CHAIR. THIS EVALUATION TAKES PLACE AFTER A FORMAL ANNUAL PERFORMANCE REVIEW. THE ORGANIZATION'S PROCESS FOR DETERMINING OFFICERS OR KEY EMPLOYEES' COMPENSATION IS TO BENCHMARK USING SALARY SURVEYS FOR THE NON-PROFIT SECTOR IN THE NEW YORK METROPOLITAN AREA. THIS REVIEW IS INCLUDED IN THE BOARD OF TRUSTEES' PROCESS FOR APPROVING BUDGETED SALARY INCREASES FOR ALL STAFF DURING THE ANNUAL BUDGET CYCLE. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND ON THE ORGANIZATION'S WEBSITE. 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. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XII,LINE 2C NO CHANGE FROM THE PRIOR YEAR. 990, PAGE 9,PART VIII, LINE 7D, NET GAIN THE ORGANIZATION HAS A 1% INTEREST IN A FAMILY LIMITED PARTNERSHIP THAT REPORTS NET CAPITAL GAINS AND LOSSES ON FORM K-1. INVESTMENT PROVIDES THE ORGANIZATION INFORMATION ON NET REALIZED GAINS OR LOSSES BUT NOT ITEMIZED DETAILS THAT WOULD ENABLE THE ORGANIZATION TO ACCURATELY COMPLETE LINES 7A-7C.