2013-11-15T14:32:40-06:00 2012-12-31 221430039 SOBEL AND CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2012-01-01 371420125 ISLES COMMUNITY FOUNDATION INC ISLE 6093414700 10 WOOD STREET TRENTON NJ 08618 MARTIN JOHNSON 6093414700 2013-11-14 1 RON MATAN P01277732 9739949494 2013-11-14 2012 2016-02-25 16:41:14Z MARTIN JOHNSON 10 WOOD STREET TRENTON NJ 08618 2294707 0 X WWW.ISLES.ORG X 2001 NJ TO MANAGE INVESTMENT ACTIVITIES FOR ISLES, INC. 5 3 0 0 0 0 0 0 0 0 255217 219324 0 49 255217 219373 0 0 0 0 0 0 0 0 0 192051 42058 192051 42058 63166 177315 3805190 3563935 1335171 827289 2470019 2736646 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 0 0 0 0 0 0 0 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 X 5 3 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X THE ORGANIZATION 6093414700 10 WOOD STREET TRENTON NJ 08618 MARTIN JOHNSON 1.20 39.00 X X 0 98942 31462 ELIZABETH JOHNSON 1.20 39.00 X X 0 68320 19945 STEVE GOODELL 0.20 0.00 X 0 0 0 MANISH SHAH 0.20 X X 0 0 0 RICH SIMKUS 0.20 X 0 0 0 RONALD ZILINSKI 1.00 39.00 X 0 59490 975 RICH OBER 1.00 34.00 X 0 21345 612 0 248097 52994 0 0 0 0 0 127738 127738 2166920 2075334 91586 91586 91586 OTHER INCOME 900099 49 49 49 219373 0 0 219373 233 233 24787 24787 15623 15623 CONTRIBUTION EXPENSE 890 890 LICENSING AND FEES 525 525 42058 0 42058 0 169 99789 2264416 3359484 1440816 204451 3805190 3563935 25 1335171 827264 1335171 827289 X 2470019 2736646 2470019 2736646 3805190 3563935 177315 89312 0 X X 0 1 X 1 1 1 X X X X 0 0 0 ISLES INC 222350832 501(C)(3) 1 1 1 0 1 0 0 DUE FROM RELATED PARTY(IES) 204451 204451 X DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: 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 2012 AND 2011. THE TAX YEARS SUBJECT TO AUDIT BY FEDERAL AND STATE JURISDICTIONS ARE THE YEARS ENDED DECEMBER 31, 2009, AND FORWARD. AT DECEMBER 31, 2012 AND 2011, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. FORM 990, PART VI, SECTION A, LINE 2 MARTIN JOHNSON AND ELIZABETH JOHNSON ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF ISLES INC. ELECTS THE GOVERNING BOARD OF THE ORGANIZATION. 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 VIA THE WEBSITE WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. OVERSIGHT PROCESS OF THE AUDIT FORM 990, PART XII, LINE 2C THE PROCESS AS 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) LINE 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) LINE 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) LINE 9 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 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 ISLES INC D 204451 LOAN VALUE