2020-07-17T11:02:07-05:00 2020-03-31 221430039 SOBEL & CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2019-04-01 221539720 NEW EYES FOR THE NEEDY INC NEWE 9733764903 549 MILLBURN AVENUE SHORT HILLS NJ 07078 JEAN GAJANO EXECUTIVE DIRECTOR 9733764903 2020-07-17 1 BRIDGET HARTNETT P01429163 9739949494 2020-06-30 96.225.92.15 2020-07-17 10:50:13 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4C84F2E4754EDABD1601D80A9BA97309DA3F6D80 2019 2020-11-06 18:47:13Z JEAN GAJANO 549 MILLBURN AVENUE SHORT HILLS NJ 07078 1209154 0 X WWW.NEW-EYES.ORG X 1934 NJ TO PROVIDE EYEGLASSES AND VISUAL AIDS TO NEEDY INDIVIDUALS REFERRED BY SOCIAL SERVICE AGENCIES. 12 12 5 385 0 0 525914 532927 0 0 168511 170441 -7972 130115 686453 833483 297748 423624 0 0 169386 183838 0 0 49735 147163 195321 614297 802783 72156 30700 4093102 3751627 49659 39125 4043443 3712502 TO PROVIDE NEW PRESCRIPTION EYEGLASSES FOR CHILDREN AND ADULTS IN THE UNITED STATES DEEMED TO HAVE SIGNIFICANT FINANCIAL NEEDS AND TO DISTRIBUTE GENTLY USED DONATED EYEGLASSES FOR LOW-INCOME INDIVIDUALS PRIMARILY OUTSIDE THE UNITED STATES 0 0 626006 423624 99206 NEW EYES PURCHASES NEW PRESCRIPTION EYEGLASSES FOR FINANCIALLY NEEDY INDIVIDUALS LIVING IN THE UNITED STATES. DURING THE 2019-20 FISCAL YEAR, NEW EYES PROVIDED NEW EYEGLASSES TO 18,487 INDIVIDUALS IN FINANCIAL NEED IN 47 STATES AND THE DISTRICT OF COLUMBIA. 12363 NEW EYES ACCEPTS, SORTS, AND REDISTRIBUTES GENTLY-USED PRESCRIPTION GLASSES; NEW AND USED SUNGLASSES; NEW AND USED READING GLASSES; AND NEW AND USED FRAMES. IN FISCAL YEAR 2019-20, NEN RELIED ON FEED THE CHILDREN, DIVINE INTERVENTION, AND 66 SMALLER AID ORGANIZATIONS TO DISTRIBUTE OVER 450,000 OF NEN'S SORTED GLASSES/FRAMES. THESE ORGANIZATIONS REPORTED THE GLASSES/FRAMES WERE DELIVERED TO COMMUNITIES WITH SIGNIFICANT FINANCIAL NEEDS IN AT LEAST 38 DEVELOPING-ECONOMY COUNTRIES. NEN SENT ABOUT 600 READING GLASSES TO CHARITABLE ORGANIZATIONS FOCUSED ON DISTRIBUTION WITHIN THE U.S. 638369 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 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 SUSAN M DYCKMAN PRESIDENT 2.00 X X 0 0 0 JOHN ALOFS BOARD MEMBER 1.00 X 0 0 0 JOSE ALVES BOARD MEMBER 1.00 X 0 0 0 MARIE CAVANAUGH VICE PRESIDENT 1.00 X X 0 0 0 DENISE BROWN-MOGIL BOARD MEMBER 1.00 X 0 0 0 DIANA A EPSTEIN BOARD MEMBER 1.00 X 0 0 0 ASPASIA SHAPPET BOARD MEMBER 1.00 X 0 0 0 PETER TAGGART BOARD MEMBER 1.00 X 0 0 0 KRISTINE VAN AMSTERDAM BOARD MEMBER 1.00 X X 0 0 0 JOHN J DALTON BOARD MEMBER 1.00 X 5150 0 0 JENNIFER SINCLAIR ESQ BOARD MEMBER 1.00 X 0 0 0 KEVIN SMITH TREASURER (BEGINNING 7/19) 5.00 X X 0 0 0 RACHEL WEINBERGER BOARD MEMBER 1.00 X 0 0 0 SALLY GOLDING SECRETARY 40.00 X X 26368 0 518 JEAN GAJANO EXECUTIVE DIRECTOR 40.00 X 79616 0 1569 111134 0 2087 0 0 0 0 0 532927 532927 151109 151109 395003 375671 19332 19332 19332 99206 0 99206 99206 OTHER MISCELLANEOUS 561000 30909 30909 30909 833483 99206 0 201350 423624 423624 115315 95767 10776 8772 54027 44869 5048 4110 965 801 90 74 13531 11237 1265 1029 23030 23030 13431 13431 45368 45368 6907 4835 1727 345 3289 1326 472 1491 5423 4067 705 651 23906 17930 3108 2868 6223 2872 3300 51 SPECIAL EVENTS EXPENSE 16046 16046 BUILDING REPAIRS AND MA 14731 11048 1915 1768 POSTAGE AND SHIPPING 13904 11560 391 1953 MISCELLANEOUS, TRAVEL A 7870 595 2905 4370 15193 7838 1148 6207 802783 638369 114679 49735 11730 603373 400916 42520 10616 16280 16414 2117 36776 467826 316792 100040 151034 3328772 3124141 0 4093102 3751627 49659 39125 49659 39125 X 3865274 3534607 178169 177895 4043443 3712502 4093102 3751627 30700 -361641 0 X X 0 1 X 1 0 X 1120129 468843 547715 525914 532927 3195528 1120129 468843 547715 525914 532927 3195528 431105 2764423 92913 92414 86278 115193 151109 537907 6658 10837 30909 48404 3781839 195251 0.73100 0.77760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 189593 11936 757 200772 181702 8624 733 189593 180105 2747 1150 181702 178170 2589 654 180105 173498 4697 25 178170 0.13540 0.86460 0 0 29400 29400 35600 35600 0 254893 207273 47620 147933 73919 74014 151034 X 458411 -361641 -361641 820052 13431 13431 833483 789352 0 789352 13431 13431 802783 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 2020 AND 2019. AT MARCH 31, 2020 AND 2019, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. 1 PURCHASE OF GLASSES 18487 423624 CASH PART I, LINE 2: THE NEEDY INDIVIDUALS WORK WITH SOCIAL SERVICE AGENCIES WHO APPLY FOR EYEGLASSES ON BEHALF OF THEIR CLIENTS. A VOUCHER NUMBER IS ISSUED WITH INSTRUCTIONS TO ORDER EYEGLASSES ONLINE WITH NEW EYES' OPTICAL LAB PARTNER. THE VOUCHER NUMBER IS EXERCISABLE UP TO THREE MONTHS FROM THE VOUCHER ISSUANCE 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.