2017-05-09T21:39:44-05:00 2016-06-30 WithumSmithBrown PC 200 Jefferson Park Suite 400 Whippany NJ 079811070 990 2015-07-01 210723663 NEW JERSEY STATE BAR ASSOCIATION % ANGELA C SCHECK NEWJ 7322495000 ONE CONSTITUTION SQUARE NEW BRUNSWICK NJ 08901 ANGELA C SCHECK EXECUTIVE DIRECTOR 7322495000 2017-05-04 true Anthony J Panico P00365556 9738989494 2015 2021-01-29 14:40:06Z MILES S WINDER III ESQ ONE CONSTITUTION SQUARE NEW BRUNSWICK NJ 08901 12499826 false X WWW.NJSBA.COM X 1899 NJ TO SERVE, PROTECT, FOSTER AND PROMOTE THE PERSONAL AND PROFESSIONAL INTERESTS OF ITS MEMBERS. 49 49 75 0 115736 29998 3514194 3493803 6950633 7183705 131959 117025 789634 779307 11386420 11573840 0 0 0 0 4631185 4830910 0 0 0 6563395 6581936 11194580 11412846 191840 160994 8462391 8348248 3949721 3812190 4512670 4536058 X TO SERVE, PROTECT, FOSTER AND PROMOTE THE PERSONAL AND PROFESSIONAL INTERESTS OF ITS MEMBERS. TO SERVE AS THE VOICE OF NEW JERSEY ATTORNEYS TO OTHER ORGANIZATIONS, GOVERNMENTAL ENTITIES AND THE PUBLIC WITH REGARD TO THE LAW, LEGAL PROFESSION AND LEGAL SYSTEM. TO PROMOTE ACCESS TO THE JUSTICE SYSTEM, FAIRNESS IN ITS ADMINISTRATION, AND THE INDEPENDENCE AND INTEGRITY OF THE JUDICIAL BRANCH. TO ENCOURAGE PARTICIPATION IN VOLUNTARY PRO BONO ACTIVITIES. TO FOSTER PROFESSIONALISM AND PRIDE IN THE PROFESSION AND THE NJSBA. TO PROVIDE EDUCATIONAL OPPORTUNITIES TO NEW JERSEY ATTORNEYS TO ENHANCE THE QUALITY OF LEGAL SERVICES AND THE PRACTICE OF LAW. TO PROVIDE EDUCATION TO THE NEW JERSEY PUBLIC TO ENHANCE AWARENESS OF THE LEGAL PROFESSION AND LEGAL SYSTEM. false false 2170336 0 5117869 CONTINUING LEGAL EDUCATION IN ALL AREAS OF LAW FOR NEW JERSEY LICENSED ATTORNEYS, WHO ARE REQUIRED TO SATISFY AN ANNUAL MANDATORY NUMBER OF EDUCATION CREDITS ON A BIANNUAL BASIS. PROGRAMS ARE HELD LIVE, IN-PERSON, AS ON-DEMAND DOWNLOADABLE VIDEOS, AND AS WEBINARS. 1704546 0 2027961 CONFERENCES, CONVENTIONS, MEETINGS AND SEMINARS, MID-YEAR MEETING, GENERAL COUNCIL MEETING, VARIOUS SEMINARS, DINNER AND LUNCHEONS TO DISCUSS VARIOUS TOPICS OF LAW. 391112 0 0 PRINTING AND MAILING OF NEW JERSEY LAWYER MAGAZINE AND OTHER PUBLICATIONS OF THE ASSOCIATION COVERING VARIOUS AREAS OF THE LAW AND THE OPERATIONS OF THE LEGAL PROFESSION. 46683 0 153611 4312677 false false false true false false false false false true false true false false true true false false false false false false false false false false false false true false false false false false false false false false false false true true true false true 56 0 true 75 true true true false false false false false X 49 49 true false false false true true false true true false false true true true true true true true true false X ANGELA C SCHECK 7322495000 ONE CONSTITUTION SQUARE NEW BRUNSWICK NJ 08901 X THOMAS HOFF PROL ESQ PRESIDENT - TRUSTEE 0.5 0.0 X X 0 0 0 ROBERT B HILLE ESQ PRESIDENT ELECT - TRUSTEE 0.5 0.0 X X 0 0 0 JOHN E KEEFE JR ESQ FIRST VP - TRUSTEE 0.5 0.0 X X 0 0 0 EVELYN PADIN ESQ SECOND VP - TRUSTEE 0.5 0.0 X X 0 0 0 DOMINICK CARMAGNOLA ESQ SECRETARY - TRUSTEE 0.5 0.0 X X 0 0 0 KIMBERLY A YONTA ARONOW ESQ TREASURER - TRUSTEE 0.5 0.0 X X 0 0 0 MILES S WINDER III ESQ IMMEDIATE PAST PRES - TRUSTEE 0.5 0.0 X X 0 0 0 CHRISTINE A AMALFE ESQ TRUSTEE 0.5 0.0 X 0 0 0 CRAIG M ARONOW ESQ TRUSTEE 0.5 0.0 X 0 0 0 STEPHEN W BARRY ESQ TRUSTEE 0.5 0.0 X 0 0 0 SUPTI BHATTACHARYA ESQ TRUSTEE 0.5 0.0 X 0 0 0 MARC R BROWN ESQ TRUSTEE 0.5 0.0 X 0 0 0 JOAN M BURKE ESQ TRUSTEE 0.5 0.0 X 0 0 0 MILAGROS CAMACHO ESQ TRUSTEE 0.5 0.0 X 0 0 0 ANTHONY M CARLINO ESQ TRUSTEE 0.5 0.0 X 0 0 0 ALAN J COHEN ESQ TRUSTEE 0.5 0.0 X 0 0 0 LUIS J DIAZ ESQ TRUSTEE 0.5 0.0 X 0 0 0 PARIS P ELIADES ESQ TRUSTEE 0.5 0.0 X 0 0 0 LINDA W EYNON ESQ TRUSTEE 0.5 0.0 X 0 0 0 ERIC G FIKRY ESQ TRUSTEE 0.5 0.0 X 0 0 0 JEFFREY FIORELLO ESQ TRUSTEE 0.5 0.0 X 0 0 0 LAUREN D FRASER ESQ TRUSTEE 0.5 0.0 X 0 0 0 EDWARD W HOFFMAN ESQ TRUSTEE 0.5 0.0 X 0 0 0 CRAIG J HUBERT ESQ TRUSTEE 0.5 0.0 X 0 0 0 JERALYN L LAWRENCE ESQ TRUSTEE 0.5 0.0 X 0 0 0 CHRISTOPHER LEITNER ESQ TRUSTEE 0.5 0.0 X 0 0 0 DIANA C MANNING ESQ TRUSTEE 0.5 0.0 X 0 0 0 SHANNA MCCANN ESQ TRUSTEE 0.5 0.0 X 0 0 0 TIMOTHY F MCGOUGRAN ESQ TRUSTEE 0.5 0.0 X 0 0 0 WILLIAM H MERGNER JR ESQ TRUSTEE 0.5 0.0 X 0 0 0 JOHN R NACHLINGER ESQ TRUSTEE 0.5 0.0 X 0 0 0 LYNN FONTAINE NEWSOME ESQ TRUSTEE 0.5 0.0 X 0 0 0 EDWARD J O'DONNELL ESQ TRUSTEE 0.5 0.0 X 0 0 0 JODI L ROSENBERG ESQ TRUSTEE 0.5 0.0 X 0 0 0 MICHAEL S SELVAGGI ESQ TRUSTEE 0.5 0.0 X 0 0 0 RICHARD M SEVRIN ESQ TRUSTEE 0.5 0.0 X 0 0 0 KENNETH E SHARPERSON ESQ TRUSTEE 0.5 0.0 X 0 0 0 DIANE K SMITH ESQ TRUSTEE 0.5 0.0 X 0 0 0 EVELYN R STORCH ESQ TRUSTEE 0.5 0.0 X 0 0 0 HEATHER G SUAREZ ESQ TRUSTEE 0.5 0.0 X 0 0 0 HAEKYOUNG SUH ESQ TRUSTEE 0.5 0.0 X 0 0 0 MICHAEL L TESTA JR ESQ TRUSTEE 0.5 0.0 X 0 0 0 TRACY M THOMPSON ESQ TRUSTEE 0.5 0.0 X 0 0 0 MARISA B TROFIMOV ESQ TRUSTEE 0.5 0.0 X 0 0 0 JAMES J ULIANO ESQ TRUSTEE 0.5 0.0 X 0 0 0 RONALD J UZDAVINIS ESQ TRUSTEE 0.5 0.0 X 0 0 0 CINDY N VOGELMAN ESQ TRUSTEE 0.5 0.0 X 0 0 0 SHIRLEY B WHITENACK ESQ TRUSTEE 0.5 0.0 X 0 0 0 DAVID B WOLFE ESQ TRUSTEE 0.5 0.0 X 0 0 0 SANDRA T AYRES ESQ TRUSTEE (TERMED 05/19/16) 0.5 0.0 X 0 0 0 DOMINIC V CARUSO ESQ TRUSTEE (TERMED 05/19/16) 0.5 0.0 X 0 0 0 WILLIAM A KRAIS ESQ TRUSTEE (TERMED 05/19/16) 0.5 0.0 X 0 0 0 FRUGAN MOUZON ESQ TRUSTEE (TERMED 05/19/16) 0.5 0.0 X 0 0 0 JEFFREY NEU ESQ TRUSTEE (TERMED 05/19/16) 0.5 0.0 X 0 0 0 STEVEN M RICHMAN ESQ TRUSTEE (TERMED 05/19/16) 0.5 0.0 X 0 0 0 THOMAS P SCRIVO ESQ TRUSTEE (TERMED 05/19/16) 0.5 0.0 X 0 0 0 ANGELA C SCHECK EXECUTIVE DIRECTOR 55.0 0.0 X 231230 0 51586 SHARON A BALSAMO ESQ ASST EXEC DIR/GENERAL COUNSEL 55.0 0.0 X 145870 0 46409 WILLIAM JOHN KANE ESQ DIRECTOR - NJ LAWYER ASST PROG 55.0 0.0 X 145035 0 20995 RICHARD LEVEY DIRECTOR - INFO TECHNOLOGY 55.0 0.0 X 128644 0 9935 CATHERINE COSCARELLI SENIOR DIRECTOR-COMMUNICATIONS 55.0 0.0 X 125673 0 11993 LISA A SPIEGEL SR DIRECTOR - NJICLE SEMINARS 55.0 0.0 X 120343 0 29185 896795 0 170103 9 false true false BORGATA HOTEL CASINO AND SPA ONE BORGATA WAY ATLANTIC CITY NJ 08401 MEETING SPACE 484862 NJ COPY CENTER LLC 10 MADISON ROAD UNIT C FAIRFIELD NJ 07004 PRINTING 208966 HILTON EAST BRUNSWICK 3 TOWER CENTER BOULEVARD EAST BRUNSWICK NJ 08816 ROOM & CATERING 174712 PERSONIFY INC PO BOX 759470 BALTIMORE MD 212759470 IT 173678 VIRTUAL CLASSROOM ASSOCIATES LLC 1540 KUSER ROAD SUITE A4 MERCERVILLE NJ 08619 EDUCATION/TRAINING 129760 7 X 3493803 3493803 CONTINUING LEGAL EDUCATION 900099 5117869 5117869 MEETINGS & SEMINARS 900099 2027961 2027961 ETHICS DIVERSIONARY PROGRAM 900099 25134 25134 YOUNG LAWYERS' DIVISION 900099 12741 12741 7183705 119002 119002 0 0 49512 49512 0 49512 49512 478765 480742 -1977 -1977 -1977 0 0 498970 445244 53726 53726 ADVERTISING 541800 115736 115736 AFFINITY PROGRAMS 900099 70000 70000 MISCELLANEOUS INCOME 900099 490333 490333 676069 11573840 7183705 115736 780596 0 0 0 0 282816 0 3422744 0 0 0 207746 618708 298896 0 6403 51400 48087 0 0 155128 581197 1066470 275770 0 604870 39960 0 3029822 0 0 122538 94013 DUES & SUBSCRIPTIONS 87280 COMM. ON PROFESSIONALISM 72928 LEGAL RESEARCH 63971 STAFF EXPENSES 56216 225883 11412846 0 0 0 X 1500 1500 4990001 4927701 0 0 710408 570915 0 0 0 0 0 0 118676 118808 287309 332710 1103606 494893 475099 608713 0 0 0 0 1676988 1644980 5596 5596 196814 137325 8462391 8348248 1145496 1066038 0 0 2804225 2746152 0 0 0 0 0 0 0 0 0 0 0 0 3949721 3812190 X 4512670 4536058 0 0 0 0 4512670 4536058 8462391 8348248 160994 -137606 X X false true X true false false false true 3493803 308490 0 308490 376283 -67793 170502 170502 0 712418 249842 462576 220686 74549 146137 608713 MONEY MARKET MUTUAL FUNDS 22141 F EQUITY SECURITIES 953647 F MUTUAL FUNDS 669192 F 1644980 0 0 X 11902059 445244 445244 11456815 117025 117025 11573840 11858090 445244 445244 11412846 11412846 SCHEDULE D, PART X AN INDEPENDENT CPA FIRM AUDITED THE FINANCIAL STATEMENTS OF THE ORGANIZATION FOR THE YEARS ENDED JUNE 30, 2016 AND JUNE 30, 2015; RESPECTIVELY. THE FIN 48 (ASC 740) FOOTNOTE BELOW IS FROM THE ORGANIZATION'S JUNE 30, 2016 AUDITED FINANCIAL STATEMENTS: THE ASSOCIATION FOLLOWED THE PROVISIONS OF AUTHORITATIVE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED JUNE 30, 2016 AND 2015. UNDER THE GUIDANCE, TAX POSITIONS ARE EVALUATED FOR RECOGNITION USING A MORE-LIKELY-THAN-NOT THRESHOLD, AND THOSE TAX POSITIONS REQUIRING RECOGNITION ARE MEASURED AT THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50 PERCENT LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH A TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. THE ASSOCIATION HAS EVALUATED THE LIKELIHOOD OF THEIR TAX EXEMPT STATUS BEING CHALLENGED AS REMOTE. ACCORDINGLY, THE ASSOCIATION HAS NOT INCLUDED ANY INCOME TAX PROVISIONS OR ANY POTENTIAL LIABILITIES FOR TAXES ON UNRELATED BUSINESS INCOME, INCLUDING INTEREST AND PENALTIES, IN THE FINANCIAL STATEMENTS RELATED TO POTENTIAL VIOLATIONS OF THEIR TAX EXEMPT STATUS. THERE ARE NO INCOME TAX RELATED INTEREST OR PENALTIES REFLECTED IN THESE FINANCIAL STATEMENTS. SCHEDULE D, PART XI; LINE 2D OTHER RECONCILING ITEMS INCLUDED ON LINE 1 BUT NOT ON FORM 990, PART VIII, LINE 12 INCLUDE: - COST OF GOODS SOLD - $445,244. SCHEDULE D, PART XI; LINE 4B OTHER RECONCILING ITEMS INCLUDED ON FORM 990, PART VIII, LINE 12, BUT NOT ON LINE 1 INCLUDE: - INTEREST AND DIVIDEND INCOME - $119,002; AND - REALIZED LOSS ON INVESTMENTS - ($1,977). SCHEDULE D, PART XII; LINE 2D OTHER RECONCILING ITEMS INCLUDED ON LINE 1 BUT NOT ON FORM 990, PART IX, LINE 25 INCLUDE: - COST OF GOODS SOLD - $445,244. X X true true X X X X false false false ANGELA C SCHECK EXECUTIVE DIRECTOR 228288 0 0 0 2942 0 14701 0 36885 0 282816 0 0 0 SHARON A BALSAMO ESQ ASST EXEC DIR/GENERAL COUNSEL 145600 0 0 0 270 0 9524 0 36885 0 192279 0 0 0 WILLIAM JOHN KANE ESQ DIRECTOR - NJ LAWYER ASST PROG 143057 0 0 0 1978 0 8655 0 12340 0 166030 0 0 0 CORE FORM, PART VII AND SCHEDULE J IN ACCORDANCE WITH FORM 990 INSTRUCTIONS FOR ORGANIZATIONS WITH A FISCAL YEAR-END, TAXABLE COMPENSATION REPORTED HEREIN IS DERIVED FROM 2015 FORMS W-2. SCHEDULE J, PART I; QUESTION 1A THE ORGANIZATION PROVIDED, FOR ORGANIZATION BUSINESS PURPOSES ONLY, COACH AND/OR FIRST CLASS AIRFARE FOR THE PRESIDENT, PRESIDENT-ELECT AND IMMEDIATE PAST PRESIDENT AND THEIR SPOUSES SO THEY COULD ATTEND MID-YEAR MEETINGS IN OTHER STATES. PLEASE NOTE THAT THE ORGANIZATION PAID THESE EXPENSES DIRECTLY EITHER THROUGH DIRECT PAYMENT OR THROUGH THE UTILIZATION OF ORGANIZATION CREDIT CARD REWARDS POINTS. PLEASE NOTE THAT THE PROVISION OF THESE BENEFITS WAS NOT TREATED AS TAXABLE COMPENSATION. CORE FORM, PART III; QUESTION 4D YOUNG LAWYERS' DIVISION - CONDUCTS SEMINARS AND MEETINGS COVERING LEGAL TOPICS OF PARTICULAR INTEREST TO YOUNGER MEMBERS OF THE BAR ASSOCIATION. THE YOUNG LAWYER'S DIVISION IS FOR LAWYERS UNDER THE AGE OF 36 OR LAWYERS WHO HAVE PRACTICED LAW FOR LESS THAN 10 YEARS. ETHICS DIVERSIONARY PROGRAM - AN EDUCATIONAL PROGRAM ADMINISTERED BY THE NEW JERSEY STATE BAR ASSOCIATION, WITH COOPERATION FROM THE OFFICE OF ATTORNEY ETHICS, THAT PROVIDES AN ALTERNATIVE TO POTENTIAL DISCIPLINE FOR ATTORNEYS FACING MINOR ETHICS VIOLATIONS. CORE FORM, PART VI, SECTION A; QUESTION 2 KIMBERLY A. YONTA ARONOW, ESQ. & CRAIG M. ARONOW, ESQ .- FAMILY RELATIONSHIP. CORE FORM, PART VI, SECTION A; QUESTIONS 6 & 7 A NJSBA MEMBER IS AN INDIVIDUAL WHO HAS PAID THEIR REQUISITE NJSBA MEMBERSHIP DUES AND IS EITHER A LICENSED ATTORNEY IN THE STATE OF NEW JERSEY, A LICENSED ATTORNEY IN ANOTHER STATE, A LAW STUDENT, A PARALEGAL, A LEGAL ASSISTANT, A LAW SCHOOL DEAN, TEACHER OR PROFESSOR, A LAW LIBRARIAN OR AN INDIVIDUAL EMPLOYED BY A LAW FIRM IN A MANAGERIAL OR ADMINISTRATIVE POSITION. THE ORGANIZATION HAS A NOMINATING COMMITTEE OF MEMBERS WHO NOMINATE MEMBERS OF THE GOVERNING BOARD WHICH ARE REVIEWED BY THE GOVERNING BODY. CORE FORM, PART VI, SECTION B; QUESTION 11B THE ORGANIZATION'S FEDERAL FORM 990 WAS PROVIDED TO EACH VOTING MEMBER OF ITS GOVERNING BODY (ITS BOARD OF TRUSTEES) PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE ("IRS"). IN ADDITION, THE ORGANIZATION'S FINANCE AND OPERATIONS COMMITTEE PERFORMED A DETAILED REVIEW OF THE FEDERAL FORM 990 PRIOR TO PROVIDING IT TO EACH VOTING MEMBER OF ITS BOARD OF TRUSTEES. THE ORGANIZATION'S BOARD OF TRUSTEES HAS DELEGATED TO THE FINANCE AND OPERATIONS COMMITTEE THE RESPONSIBILITY TO OVERSEE AND COORDINATE THE FEDERAL FORM 990 PREPARATION, REVIEW AND FILING PROCESS. AS PART OF THE ORGANIZATION'S FEDERAL FORM 990 TAX RETURN PREPARATION PROCESS, THE ORGANIZATION HIRED A PROFESSIONAL CPA FIRM WITH EXPERIENCE AND EXPERTISE IN NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE ORGANIZATION'S EXECUTIVE DIRECTOR, CONTROLLER AND VARIOUS INDIVIDUALS OF THE ORGANIZATION ("INTERNAL WORKING GROUP") TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THE ORGANIZATION'S INTERNAL WORKING GROUP FOR REVIEW. THE ORGANIZATION'S INTERNAL WORKING GROUP REVIEWED THE DRAFT FEDERAL FORM 990 AND DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. REVISIONS WERE MADE TO THE DRAFT FEDERAL FORM 990 WHERE NECESSARY AND A FINAL DRAFT WAS FURNISHED BY THE CPA FIRM TO THE ORGANIZATION'S INTERNAL WORKING GROUP FOR FINAL REVIEW AND APPROVAL. THE FINAL FORM 990 WAS THEN PRESENTED TO THE MEMBERS OF THE ORGANIZATION'S FINANCE AND OPERATIONS COMMITTEE. FOLLOWING THE FINANCE AND OPERATIONS COMMITTEE'S REVIEW THE FINAL FEDERAL FORM 990 WAS PROVIDED TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY PRIOR TO FILING WITH THE IRS. CORE FORM, PART VI, SECTION B; QUESTION 12 THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY WITH WHICH IT REGULARLY MONITORS AND ENFORCES COMPLIANCE. THE POLICY REQUIRES THAT A CONFLICT OF INTEREST DISCLOSURE FORM CONSISTENT WITH BEST GOVERNANCE PRACTICES AND INTERNAL REVENUE SERVICE GUIDELINES BE CIRCULATED TO TRUSTEES AND OFFICERS ("COVERED INDIVIDUALS") ANNUALLY. THE BOARD OF TRUSTEES REQUIRES FULL DISCLOSURE OF ALL ACTUAL AND POTENTIAL CONFLICTS OF INTEREST. EACH COVERED INDIVIDUAL MUST DISCLOSE ANY AND ALL FACTS THAT MAY BE CONSTRUED AS A CONFLICT OF INTEREST, BOTH THROUGH THE ANNUAL DISCLOSURE PROCESS AND WHENEVER SUCH ACTUAL OR POTENTIAL CONFLICT OCCURS. THE BOARD OF TRUSTEES EVALUATES AND DETERMINES WHETHER OR NOT A CONFLICT OF INTEREST EXISTS, AND WHETHER OR NOT SUCH CONFLICT MATERIALLY AND ADVERSELY AFFECTS THE INTERESTS OF THE ORGANIZATION. A COVERED INDIVIDUAL WHOSE POTENTIAL CONFLICT IS UNDER REVIEW MAY NOT DEBATE, VOTE OR OTHERWISE PARTICIPATE IN THE DETERMINATION DISCUSSION. IF THE BOARD DETERMINES THAT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST DOES EXIST, THE BOARD IS RESPONSIBLE FOR DETERMINING AN APPROPRIATE REMEDY. THE ORGANIZATION'S BOARD OF TRUSTEES HAS AN EXECUTIVE COMMITTEE. THE BOARD OF TRUSTEES MAY DELEGATE ITS AUTHORITY TO REVIEW AND REMEDY POTENTIAL CONFLICTS OF INTEREST TO THE EXECUTIVE COMMITTEE. ONLY DISINTERESTED MEMBERS OF THE EXECUTIVE COMMITTEE MAY PARTICIPATE IN ANY SUCH REVIEW. THE EXECUTIVE COMMITTEE SHALL INFORM THE BOARD OF ITS DETERMINATION AND RECOMMENDED ACTION. HOWEVER, THE BOARD OF TRUSTEES RETAINS THE RIGHT TO MODIFY OR REVERSE SUCH DETERMINATIONS AND ACTIONS. IN ADDITION, THE BOARD OF TRUSTEES RETAINS THE ULTIMATE ENFORCEMENT AUTHORITY WITH RESPECT TO THE INTERPRETATION AND APPLICATION OF THE CONFLICT OF INTEREST POLICY. CORE FORM, PART VI, SECTION B; QUESTION 15 THE ORGANIZATION'S BOARD OF TRUSTEES HAS AN EXECUTIVE COMMITTEE ("COMMITTEE"). THE COMMITTEE HAS ADOPTED A WRITTEN EXECUTIVE COMPENSATION POLICY WHICH IT FOLLOWS WHEN IT REVIEWS AND APPROVES OF THE COMPENSATION AND BENEFITS OF THE ORGANIZATION'S "KEY EMPLOYEES". THE ORGANIZATIONS KEY EMPLOYEES ARE FURTHER DEFINED AS: (1) THE EXECUTIVE DIRECTOR OF THE ORGANIZATION; AND (2) KEY EMPLOYEES AS DEFINED BY THE INTERNAL REVENUE SERVICE IN THE INSTRUCTIONS TO THE FEDERAL FORM 990. THE COMMITTEE REVIEWS THE "TOTAL COMPENSATION" OF THE KEY EMPLOYEES WHICH IS INTENDED TO INCLUDE BOTH CURRENT AND DEFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS. THE COMMITTEE'S REVIEW IS DONE ON AT LEAST AN ANNUAL BASIS AND ENSURES THAT THE "TOTAL COMPENSATION" OF THE KEY EMPLOYEES ARE REASONABLE. THE ACTIONS TAKEN BY THE COMMITTEE ENABLE THE ORGANIZATION TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR PURPOSES OF INTERNAL REVENUE CODE SECTION 4958 WITH RESPECT TO THE TOTAL COMPENSATION OF ITS KEY EMPLOYEES. THE THREE FACTORS WHICH MUST BE SATISFIED IN ORDER TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS ARE THE FOLLOWING: 1) THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY AN "AUTHORIZED BODY" OF THE APPLICABLE TAX-EXEMPT ORGANIZATION WHICH IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A "CONFLICT OF INTEREST" WITH RESPECT TO THE COMPENSATION ARRANGEMENT; 2) THE AUTHORIZED BODY OBTAINED AND RELIED UPON "APPROPRIATE DATA AS TO COMPARABILITY" PRIOR TO MAKING ITS DETERMINATION; AND 3) THE AUTHORIZED BODY "ADEQUATELY DOCUMENTED THE BASIS FOR ITS DETERMINATION" CONCURRENTLY WITH MAKING THAT DETERMINATION. THE COMPENSATION OF A KEY EMPLOYEE IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE, PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. THE COMPENSATION OF A KEY EMPLOYEE IS REVIEWED AND APPROVED TAKING INTO CONSIDERATION, WHERE APPLICABLE AND APPROPRIATE, DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE ORGANIZATION'S SECRETARY ENSURES THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. CORE FORM, PART VI, SECTION C; QUESTION 19 THE ORGANIZATION'S FILED CERTIFICATE OF INCORPORATION AND ANY AMENDMENTS CAN BE OBTAINED AND REVIEWED THROUGH THE STATE OF NEW JERSEY DEPARTMENT OF TREASURY. IN ADDITION, THE ORGANIZATION'S BYLAWS ARE POSTED ON ITS WEBSITE: WWW.NJSBA.COM. CORE FORM, PART VII, SECTION A, COLUMN B CERTAIN BOARD OF TRUSTEE MEMBERS AND OFFICERS LISTED ON CORE FORM, PART VII AND SCHEDULE J OF THIS FORM 990 MAY HOLD SIMILAR POSITIONS WITH BOTH THIS ORGANIZATION AND NEW JERSEY STATE BAR FOUNDATION; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION. THE HOURS SHOWN ON THIS FORM 990, FOR BOARD MEMBERS WHO RECEIVE NO COMPENSATION FOR SERVICES RENDERED IN A NON-BOARD CAPACITY, REPRESENT THE ESTIMATED HOURS DEVOTED PER WEEK FOR THIS ORGANIZATION. TO THE EXTENT THESE INDIVIDUALS SERVE AS A MEMBER OF THE BOARD OF TRUSTEES OF THE FOUNDATION, THEIR RESPECTIVE HOURS PER WEEK PER ORGANIZATION ARE APPROXIMATELY THE SAME AS REFLECTED ON THIS FORM 990. THE HOURS REFLECTED ON CORE FORM, PART VII OF THIS FORM 990, FOR ANY PAID OFFICERS, REFLECT TOTAL HOURS WORKED PER WEEK ON BEHALF OF THIS ORGANIZATION AND THE FOUNDATION; NOT SOLELY THIS ORGANIZATION. CORE FORM, PART XII; QUESTION 2 AN INDEPENDENT CPA FIRM AUDITED THE FINANCIAL STATEMENTS OF THE TAXPAYER FOR THE YEARS ENDED JUNE 30, 2016 AND JUNE 30, 2015; RESPECTIVELY AND ISSUED A FINANCIAL STATEMENT. THE ORGANIZATION'S FINANCE AND OPERATIONS COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR. NEW JERSEY STATE BAR FOUNDATION ONE CONSTITUTION SQUARE NEW BRUNSWICK NJ 08901 226074475 PHILANTHROPY NJ 501(C)(3) 509(A)(2) NJSBA true false false false true true false false false false false true true false true true true true true true NEW JERSEY STATE BAR FOUNDATION K 604870 COST