2013-01-29T13:22:42-06:00 2011-12-31 221430039 SOBEL AND CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2011-01-01 371420125 ISLES COMMUNITY FOUNDATION INC ISLE 6093414700 10 WOOD STREET TRENTON NJ 08618 MARTIN JOHNSON 6093414700 2013-01-28 1 RON MATAN P01277732 9739949494 2013-01-28 2011 2016-02-25 16:41:14Z MARTIN JOHNSON 10 WOOD STREET TRENTON NJ 08618 4566783 0 X WWW.ISLES.ORG X 2001 NJ TO MANAGE INVESTMENT ACTIVITIES FOR ISLES, INC. 5 3 0 0 0 0 700000 0 0 0 134228 255217 0 0 834228 255217 0 0 0 0 0 0 0 0 0 156479 192051 156479 192051 677749 63166 2946376 3805190 301241 1335171 2645135 2470019 THE FOUNDATION ACTS AS A SUPPORTING ORGANIZATION FOR ISLES, INC. AS DESCRIBED IN SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION MANAGES THE INVESTMENT ACTIVITIES OF ISLES, INC. 0 0 MANAGEMENT OF THE INVESTMENT ACTIVITIES OF ISLES, INC. 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 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 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 6093414700 10 WOOD STREET TRENTON NJ 08618 MANISH H SHAH 0.50 X 0 0 0 MARTIN JOHNSON 40.00 X X 0 153785 27474 STEVEN GOODELL 0.50 X X 0 0 0 ELIZABETH JOHNSON 40.00 X X 0 119228 16208 ALLEN ROWE 0.50 X X 0 0 0 CECILLE ZACARIAS 40.00 X 0 19386 274 KARL CINA 40.00 X 0 60945 1975 0 353344 45931 0 0 1 0 0 88729 88729 4478054 4311566 166488 166488 166488 255217 0 0 255217 3272 3272 315 315 16912 16912 23527 23527 148000 148000 MISCELLANEOUS 25 25 192051 0 192051 0 688893 169 99789 1668263 2264416 589220 1440816 2946376 3805190 1335171 301241 0 301241 1335171 X 2645135 2470019 2645135 2470019 2946376 3805190 X 63166 -238282 X X 0 1 1 X 1 1 X X X X 0 0 0 ISLES INC 222350832 501(C)(3) 1 1 1 148000 1 148000 0 DUE FROM RELATED PARTY(IES) 1440816 1440816 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: DONOR'S INTENT DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE INTERNAL REVENUE SERVICE HAS RECOGNIZED ISLES COMMUNITY FOUNDATION, INC., AS TAX EXEMPT 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 CONSOLIDATED 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 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 2011 AND 2010. THE TAX YEARS SUBJECT TO AUDIT BY FEDERAL AND STATE JURISDICTIONS ARE THE YEARS ENDED DECEMBER 31, 2008 AND FORWARD. AT DECEMBER 31, 2011 AND 2010, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. 0 1 0 0 0 0 0 0 0 MARTIN JOHNSON 0 153785 0 0 0 0 0 15000 0 12474 0 181259 0 0 PART I, LINE 4B MARTIN JOHNSON $15,000 ELIZABETH JOHNSON $5,000 FORM 990, PART VI, SECTION A, LINE 2 MARTIN JOHNSON AND ELIZABETH JOHNSON ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW AND APPROVAL BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THAT ISLES, INC. AND SUBSIDIARIES ARE NON-PROFIT ORGANIZATIONS AND THAT IN ORDER TO MAINTAIN THEIR FEDERAL TAX EXEMPTION THEY MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF THEIR TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS OF DETERMINING COMPENSATION INVOLVES AN ANNUAL REVIEW OF THE INDIVIDUAL'S PERFORMANCE AND COMPARISON OF PRESENT COMPENSATION TO MARKET DATA. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990 IS ALSO AVAILABLE AT GUIDESTAR.COM. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -238,282. OVERSIGHT PROCESS FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ISLES PROPERTIES INC 10 WOOD STREET TRENTON NJ 08618 550799217 HOLDING COMPANY OF REAL ESTATE PROPERTY FOR FOR ISLES, INC.'S EXEMPT PURPOSE NJ 501(C)(2) ISLES INC 1 ISLES INC 10 WOOD STREET TRENTON NJ 08618 222350832 PROVIDES HOUSING, GARDENING, RECREATION, AND ENVIRONMENTAL EDUCATION NJ 501(C)(3) 7 N/A 0 ISLES E4 INC 10 WOOD STREET TRENTON NJ 08618 270375809 TRAIN INDIVIDUALS TO PERFORM WEATHERIZATION SERVICE TO LOW INCOME HOUSEHOLDS NJ 501(C)(3) 9 ISLES INC 1 ISLES COMMUNITY ENTERPRISES 10 WOOD STREET TRENTON NJ 08618 262483265 TO PROVIDE EDUCATION, TRAINING, & FINANCING TO DISTRESSED COMMUNITIES NJ 501(C)(3) - APPL PEN ISLES INC 1 ISLES MILL 57 INC 10 WOOD STREET TRENTON NJ 08618 271568899 ACQUIRE, HOLD, & SELL REAL PROPERTY TO SUPPORT OTHER 501(C)(3) ORGANIZATIONS NJ 501(C)(3) 11 ISLES INC 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 ISLES INC B 148000 CASH ISLES INC D 1440816 LOAN