2018-08-14T11:51:47-05:00 2018-03-31 221430039 SOBEL & CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2017-04-01 221539720 NEW EYES FOR THE NEEDY INC NEWE 9733764903 549 MILLBURN AVENUE SHORT HILLS NJ 07078 SONDRA KASDON TREASURER 9733764903 2018-08-14 1 BRIDGET HARTNETT P01429163 9739949494 2018-08-14 2017 2022-09-23 18:48:47Z JEAN GAJANO 549 MILLBURN AVENUE SHORT HILLS NJ 07078 886243 0 X WWW.NEW-EYES.ORG X 1934 NJ TO PROVIDE EYEGLASSES AND VISUAL AIDS TO NEEDY INDIVIDUALS REFERRED BY SOCIAL SERVICE AGENCIES. 13 13 5 225 0 0 386609 547715 0 0 95404 124439 79244 -17290 561257 654864 0 205481 0 0 157137 160633 0 0 40934 477914 165970 635051 532084 -73794 122780 3725003 4071291 965 44333 3724038 4026958 TO PROVIDE NEW EYEGLASSES TO U.S. RESIDENTS IN NEED REFERRED BY SOCIAL SERVICE ORGANIZATIONS AND TO DISTRIBUTE GENTLY USED GLASSES TO THE POOR OVERSEAS THROUGH MISSION PARTNERS. 0 0 344976 205481 46879 NEW EYES PURCHASES NEW PRESCRIPTION EYEGLASSES FOR FINANCIALLY NEEDY INDIVIDUALS LIVING IN THE UNITED STATES. DURING THE 2017-18 FISCAL YEAR, NEW EYES PROVIDED NEW EYEGLASSES TO OVER 10,000 INDIVIDUALS IN FINANCIAL NEED IN 50 U.S. STATES AND THE DISTRICT OF COLUMBIA. 5840 NEW EYES ACCEPTS, SORTS AND RECYCLES GENTLY USED GLASSES FOR DISTRIBUTION TO THE POOR OVERSEAS. IN FISCAL YEAR 2017-18, NEW EYES DISTRIBUTED 239,355 USED GLASSES IN 34 DEVELOPING COUNTRIES THROUGH 71 MISSION PARTNERS. 350816 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 1 5 1 0 0 0 0 0 1 1 0 0 0 0 X 13 13 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 MARIANNE MUENCH BUSBY VICE PRESIDENT 1.00 X X 0 0 0 SONDRA KASDON ESQ TREASURER 5.00 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 BOARD MEMBER 1.00 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 ANAND SHAH 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 0 0 0 RACHEL WEINBERGER BOARD MEMBER 1.00 X 0 0 0 JEAN GAJANO EXECUTIVE DIRECTOR 40.00 X 71082 0 0 71082 0 0 0 0 0 0 0 211362 336353 547715 86278 86278 170477 132316 38161 38161 38161 28236 211362 99063 -70827 -70827 46879 0 46879 46879 OTHER MISCELLANEOUS 561000 6658 6658 6658 654864 46879 0 60270 205481 205481 69457 52093 8682 8682 79176 59382 9897 9897 12000 9000 1500 1500 13229 13229 12810 12810 2191 443 651 1097 6085 2905 2748 432 5057 624 4013 420 6074 4556 758 760 25197 25197 7621 1211 6208 202 PURCHASE OF GLASSES (AD 36487 0 36487 BUILDING REPAIRS AND MA 20468 8406 10781 1281 PRINTING AND PUBLICATIO 12897 390 369 12138 POSTAGE AND SHIPPING 11886 5840 3718 2328 5968 485 3286 2197 532084 350816 140334 40934 510689 665098 20810 4326 7830 5166 516356 393963 147589 122393 3062399 3249994 3725003 4071291 965 44333 965 44333 X 3543933 3853369 180105 173589 3724038 4026958 3725003 4071291 122780 208128 -27988 0 X X 0 1 X 1 0 X 476095 512011 1120129 468843 547715 3124793 476095 512011 1120129 468843 547715 3124793 2512 3122281 120659 111889 92913 92414 86278 504153 6658 6658 3635604 46879 0.85880 0.85040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 180105 2747 1150 181702 178170 2589 654 180105 173498 4697 25 178170 171711 2433 646 173498 176082 -583 2488 1300 171711 0.04000 0.96000 0 0 29400 29400 35600 35600 0 256715 207790 48925 194641 150573 44068 122393 X 862992 208128 208128 654864 0 654864 532084 0 532084 0 532084 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 BONDS OR MUTUAL 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 YEAR ENDED 2018. AT MARCH 31, 2018, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. ROCKIN' FOR NEW EYES 208320 198450 9870 58000 30656 FAIRMOUNT 24898 12912 11986 6268 2823 1 6380 6380 1316 239598 211362 28236 64268 34795 99063 -70827 1 PURCHASE OF GLASSES 10667 205481 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 1: THE ACCOUNTING METHOD OF THE FINANCIAL STATEMENTS HAVE BEEN CHANGED TO THE ACCRUAL BASIS (GAAP). 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.