2017-03-16T17:04:08-05:00 2016-08-31 221430039 SOBEL AND CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2015-09-01 223181507 NEW JERSEY SEEDS INC NEWJ 9736426422 494 BROAD STREET NO 105 NEWARK NJ 07102 ROBERT PURCELL DIRECTOR OF FINANCE 9736426422 2017-03-16 1 BRIDGET HARTNETT P01429163 9739949494 2017-03-16 2015 2021-01-29 14:40:06Z JOHN CASTANO 494 BROAD STREET NO 105 NEWARK NJ 07102 5349571 0 X WWW.NJSEEDS.ORG X 1992 NJ NJSEEDS PROVIDES EDUCATIONAL OPPORTUNITIES FOR MOTIVATED,HIGH-ACHIEVING STUDENTS FROM LOW-INCOME FAMILIES. SEEDS' PROGRAMS INCLUDE ADVANCED ACADEMIC CLASSES, CULTURAL ENRICHMENT AND LEADERSHIP DEVELOPMENT FOR ITS SCHOLARS. ALL OF NEW JERSEY SEEDS' ACADEMIC PROGRAMS PREPARE STUDENTS FOR ADMISSION TO TOP SELECTIVE SCHOOLS AND COLLEGES ACROSS THE COUNTRY, AND ARE FREE TO ACCEPTED STUDENTS, AND TRANSPORTATION IS PROVIDED. NEW JERSEY SEEDS IS A PRIVATELY FUNDED, STATEWIDE NONPROFIT ORGANIZATION. 28 27 166 186 0 0 6323996 4290135 0 0 592148 681381 -69192 -72074 6846952 4899442 53901 55305 0 0 2756472 2923198 0 0 427633 1527331 1459964 4337704 4438467 2509248 460975 11145605 11225145 432102 537720 10713503 10687425 X NEW JERSEY SEEDS (SCHOLARS, EDUCATORS, EXCELLENCE, DEDICATION,SUCCESS) PROVIDES EDUCATIONAL OPPORTUNITIES FOR MOTIVATED,HIGH-ACHIEVING STUDENTS FROM LOW-INCOME FAMILIES. SEEDS' PROGRAMSINCLUDE ADVANCED ACADEMIC CLASSES, CULTURAL ENRICHMENT AND LEADERSHIP DEVELOPMENT FOR ITS SCHOLARS.ALL OF NEW JERSEY SEEDS' ACADEMIC PROGRAMS PREPARE STUDENTS FOR ADMISSION TO TOP SELECTIVE SCHOOLS AND COLLEGES ACROSS THE COUNTRY. 0 0 1951054 45735 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. 922316 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. 674000 9570 NJ SEEDS' GUIDANCE PROGRAM IS DESIGNED TO PROVIDE SEEDS GRADUATES WITHACADEMIC, 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. 3547370 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 166 1 0 0 0 0 0 1 1 0 0 0 0 X 28 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 1 0 NJ NY X X NEW JERSEY SEEDS INC 9736426422 494 BROAD STREET NEWARK NJ 07102 ANDREW J THOMPSON BOARD MEMBER 1.00 X 0 0 0 ANDY OKUN BOARD MEMBER 1.00 X 0 0 0 ANDY SCHWARTZ BOARD MEMBER 1.00 X 0 0 0 ANGELO J GENOVA ESQ BOARD MEMBER 1.00 X 0 0 0 CLAIRE SANTANIELLO BOARD MEMBER 1.00 X 0 0 0 DEBORAH BARKER BOARD MEMBER 1.00 X 0 0 0 ELLIOT BERNDT BOARD MEMBER 1.00 X 0 0 0 JANENE EDLIN BOARD MEMBER 1.00 X 0 0 0 JANICE BECKMEN BOARD MEMBER 1.00 X 0 0 0 JOEL BENENSON BOARD MEMBER 1.00 X 0 0 0 MICHAEL BONARTI BOARD MEMBER 1.00 X 0 0 0 NATHANIEL E CONARD BOARD MEMBER 1.00 X 0 0 0 PAUL KALAMARAS BOARD MEMBER 1.00 X 0 0 0 PAUL R DEROSA BOARD MEMBER 1.00 X 0 0 0 SHERRONDA BROWN BOARD MEMBER 1.00 X 0 0 0 SOLEIO CUERVO BOARD MEMBER 1.00 X 0 0 0 STEPHEN VAN BESIEN BOARD MEMBER 1.00 X 0 0 0 VINCENT LIMA BOARD MEMBER 1.00 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 GAYLE WIESENECK BOARD MEMBER 1.00 X 0 0 0 LEE SHAVEL CHAIR 3.00 X X 0 0 0 JOHN CASTANO EXECUTIVE DIRECTOR 40.00 X X 185430 0 18801 BOBBIE FRANKFORT PHD HONORARY VICE CHAIR 2.00 X X 0 0 0 SUSAN B PRESENT HONORARY VICE CHAIR 2.00 X X 0 0 0 ALLEN M MEISELS TREASURER 2.00 X X 0 0 0 THEO LUBKE VICE CHAIR 2.00 X X 0 0 0 RANDALL NIXON TRUSTEE 1.00 X 0 0 0 DON GENSINGER DIRECTOR OF FINANCE 40.00 X 140512 0 12311 RONNI DENES PRESIDENT/ED 40.00 X 259615 0 8414 ANDY HOGE DIRECTOR OF ADMISSIONS & PLACEMENT 40.00 X 150286 0 9132 ALAN HEAPS DIRECTOR OF EDUCATION 40.00 X 137019 0 3571 872862 0 52229 5 0 1 0 0 631802 3658333 911491 4290135 123520 123520 911491 353630 557861 557861 557861 24425 631802 96499 -72074 -72074 4899442 0 0 609307 55305 55305 1110594 737780 243948 128866 1413807 1208198 83764 121845 16793 12427 2386 1980 92403 68379 13432 10592 289601 223491 37378 28732 8737 3902 834 4001 25100 11210 2396 11494 83150 37136 7936 38078 31286 23334 7952 275832 215115 29036 31681 202599 156683 22958 22958 68266 61439 3413 3414 60972 48731 6365 5876 37607 28581 4513 4513 STUDENT EDUCATIONAL EXP 466035 460576 4094 1365 STUDENT TRANSPORTATION 146732 146732 EDUCATIONAL BOOKS AND S 28675 28675 PRINTING AND PUBLICATIO 23360 18450 818 4092 1613 1226 193 194 4438467 3547370 463464 427633 253297 341681 251435 617942 2794588 3394952 26480 24605 17795 25265 703903 599891 126398 104012 453762 446072 7126343 6170346 95507 100270 11145605 11225145 393806 406328 38296 131392 432102 537720 X 5241181 4947456 2119954 2372601 3352368 3367368 10713503 10687425 11145605 11225145 X 460975 -456506 -30547 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4132257 15000 106442 4253699 4247701 15000 -130444 4132257 3824418 15000 408283 4247701 3478401 15000 331017 3824418 3325146 18500 134755 3478401 0.20840 0.79160 0 0 226848 158331 68517 477055 441560 35495 104012 INVESTMENTS IN COMMUNITY FOUNDATION 1779 F FAMILY LIMITED PARTNERSHIP 65647 F INVESTMENTS IN NEW PROVIDENCE BALANCED PORTFOLIO FUND 4510283 F TIAA-CREF 1592637 F 6170346 X 4442936 -456506 -456506 4899442 0 4899442 4469014 30547 30547 4438467 0 4438467 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 2016 AND 2015. AT AUGUST 31, 2016 AND 2015, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: INCREASE OF RESERVE FOR UNCOLLECTIBLE 30,547. 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. X X X X X X 1 SEMPEL BIXEL ASSOCIATES 653 N FRANKLIN AVE NUTLEY NJ 07110 CAMPAIGN CONSULTING 0 1417349 42401 1374948 1417349 42401 1374948 ANNUAL LEADING CHANGE BENEFIT 656227 631802 24425 48357 48142 656227 631802 24425 48357 48142 96499 -72074 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. 44 55305 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 1 0 0 0 0 0 0 0 0 JOHN CASTANO EXECUTIVE DIRECTOR 185430 0 0 0 0 0 6490 0 12311 0 204231 0 0 0 DON GENSINGER DIRECTOR OF FINANCE 140512 0 0 0 0 0 0 0 12311 0 152823 0 0 0 RONNI DENES PRESIDENT/ED 259615 0 0 0 0 0 8414 0 0 0 268029 0 0 0 ANDY HOGE DIRECTOR OF ADMISSIONS & PLACEMENT 150286 0 0 0 0 0 5260 0 3872 0 159418 0 0 0 PART I, LINE 4A DURING THE YEAR ENDED AUGUST 31, 2016 RONNI DENES RECEIVED $38,462. X 25 911491 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 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 DIRECTOR OF FINANCE AND ADMINISTRATION. THE DIRECTOR OF FINANCE AND ADMINISTRATION 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 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S CEO, 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 XI, LINE 9: INCREASE IN RESERVE FOR UNCOLLECTIBLE -30,547. FORM 990, PART XII,LINE 2C NO CHANGE FROM THE PRIOR YEAR. 990, PAGE 9,PART VIII, LINE 7D, NET GAIN 557,861 THE ORGANIZATION HAS ESTABLISHED INVESTMENT FUNDS WITH COMMUNITY FOUNDATION OF NJ (CFNJ) AND NEW PROVIDENCE ASSET MANAGEMENT (NPAM). IN ADDITION, THE ORGANIZATION HAS A 1% INTEREST IN A FAMILY LIMITED PARTNERSHIP THAT REPORTS NET CAPITAL GAINS AND LOSSES ON FORM K-1. ALL THREE INVESTMENTS PROVIDE THE ORGANIZATION INFORMATION ON NET REALIZED GAINS OR LOSSES BUT NOT ITEMIZED DETAILS THAT WOULD ENABLE THE ORGANIZATION TO ACCURATELY COMPLETE LINES 7A-7C.