2012-03-01T15:58:50-06:00 2011-08-31 SOBEL AND CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2010-09-01 223181507 NEW JERSEY SEEDS INC NEWJ 9736426422 494 BROAD STREET NO 105 NEWARK NJ 07102 DON GENSINGER 9736426422 2012-03-01 1 RON MATAN 9739949494 2012-03-01 2010 2016-02-24 21:20:13Z BOBBIE FRANKFORT 494 BROAD STREET NO 105 NEWARK NJ 07102 2879702 0 X WWW.NJSEEDS.ORG X 1992 NJ NEW JERSEY SEEDS, INC. IS A PRIVATELY FUNDED, STATEWIDE, NONPROFIT ORGANIZATION COMMITTED TO DEVELOPING FUTURE LEADERS FROM THE STATE'S LEAST PRIVILEGED COMMUNITIES. 26 26 144 20 0 0 3815343 2340950 0 0 163415 397887 53283 58163 4032041 2797000 73841 28768 0 0 2215210 2293184 0 0 367801 1359372 1285074 3648423 3607026 383618 -810026 10235333 9963789 311685 670947 9923648 9292842 X NEW JERSEY SEEDS (SCHOLARS, EDUCATORS, EXCELLENCE, DEDICATION, SUCCESS) PROVIDES EDUCATIONAL OPPORTUNITIES FOR MOTIVATED, HIGH-ACHIEVING STUDENTS OF MODEST MEANS. SEEDS PROGRAMS INCLUDE ADVANCED ACADEMIC CLASSES, CULTURAL ENRICHMENT OPPORTUNITIES AND LEADERSHIP TRAINING TO HELP STUDENTS GAIN ADMISSION TO TOP SCHOOLS AND THEREBY REALIZE THEIR FULL POTENTIAL. WE ENCOURAGE OUR ALUMNI TO BE LEADERS WHO GIVE BACK TO THE COMMUNITY. 0 0 1331323 0 SEEDS PROGRAMS INCLUDE ACCELERATED CLASSES, CULTURAL WORKSHOPS TO HELP STUDENTS GAIN ADMISSION TO TOP INDEPENDENT SCHOOLS AND THEREBY REALIZE THEIR FULL POTENTIAL. OUR SCHOLARS PROGRAM IS OPEN TO ELIGIBLE 7TH GRADE STUDENTS WHO LIVE IN CENTRAL AND NORTHERN NEW JERSEY. STUDENTS TAKE CLASSES ON SATURDAYS AND OVER THE SUMMER AND RECEIVE PLACEMENT ASSISTANCE FOR 9TH GRADE. THE PROGRAM IS COMPLETELY FREE, INCLUDING BOOKS AND TRANSPORATION AND LASTS 14 MONTHS. OUR YOUNG SCHOLARS PROGRAM IS OPEN TO ELIGIBLE 4TH AND 5TH GRADE STUDENTS FROM NEWARK. STUDENTS TAKE CLASSES ON SATURDAYS AND OVER THE SUMMER AND RECEIVE PLACEMENT ASSISTANCE FOR 6TH AND 7TH GRADE. THE PROGRAM IS FREE, INCLUDING TRANSPORTATION AND BOOKS AND LASTS 14 MONTHS. 810370 OUR COLLEGE PREPARATORY PROGRAM IS OPEN TO ELIGIBLE 8TH OR 9TH GRADE STUDENTS (FROM ORANGE, ENGLEWOOD, AND TRENTON NJ). THE SEEDS COLLEGE PREPARATORY PROGRAM PREPARES ACADEMICALLY MOTIVATED, FINANCIALLY-LIMITED STUDENTS FOR ADMISSION TO COMPETITIVE FOUR-YEAR COLLEGES DURING THEIR 3 OR 4 YEARS OF HIGH SCHOOL. THE PROGRAM INCLUDES WEEKEND AND SUMMER HONORS CLASSES, CULTURAL ENRICHMENT AND ASSISTANCE WITH THE COLLEGE ADMISSIONS AND FINANCIAL AID PROCESS. 752487 THE NJ SEEDS ALUMNI PROGRAM IS DESIGNED TO SERVE GRADUATES OF THE SCHOLARS, YOUNG SCHOLARS AND COLLEGE PREPARATORY PROGRAMS. THE OFFICE OF ALUMNI RELATIONS PROVIDES TAILORED PROGRAMMING FOR MIDDLE SCHOOL, HIGH SCHOOL AND COLLEGE-AGED STUDENTS. EVENTS INCLUDE COLLEGE ADMISSIONS AND FINANCIAL AID WORKSHOPS, COLLEGE FAIRS, AN ANNUAL SENIOR DINNER FOR STUDENTS GRADUATING FROM HIGH SCHOOL, AND AN ANNUAL SUMMER REUNION. ALUMNI SUPPORT INCLUDES INTERNSHIP OPPORTUNITIES AND LEADERSHIP WORKSHOPS. 2894180 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 144 1 0 0 0 0 0 1 1 0 0 0 0 X 26 26 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 DEBORAH BARKER 0.50 X 0 0 0 VICTOR BOYAJIAN 0.50 X 0 0 0 NATHANIEL E CONARD 0.50 X 0 0 0 ROBERT G COX 0.50 X 0 0 0 PAUL DEROSA 0.50 X 0 0 0 JANENE EDLIN 0.50 X 0 0 0 DAVID E FARBER 0.50 X 0 0 0 BOBBIE FRANKFORT 0.50 X X 0 0 0 JOSE CORREA 0.50 X 0 0 0 VINCE LIMA 0.50 X 0 0 0 DAVID JEFFREY 0.50 X 0 0 0 ALLEN MEISELS 0.50 X X 0 0 0 ANDREW M OKUN 0.50 X 0 0 0 SHERRONDA OLIVER-BROWN 0.50 X 0 0 0 ABBY O'NEILL 0.50 X 0 0 0 SUSAN PRESENT 0.50 X X 0 0 0 M RANDALL STRICKLAND 0.50 X 0 0 0 R STEPHEN VIGNOLO 0.50 X 0 0 0 LARRY WIESENECK 0.50 X 0 0 0 ART WEINBACH 0.50 X 0 0 0 JOEL BENENSON 0.50 X 0 0 0 ANDY SCHWARTZ 0.50 X 0 0 0 ANDREW THOMPSON 0.50 X 0 0 0 RANDALL NIXON 0.50 X 0 0 0 MARK DORFMAN 0.50 X 0 0 0 BLAIR MACINNES 20.00 X 45231 0 0 RONNI DENES 40.00 X 0 0 0 DAVID ALLYN 40.00 X 112224 0 3108 DON GENSINGER 40.00 X 108559 0 7314 JOHN CASTANO 40.00 X 119681 0 8412 ANDY HOGE 40.00 X 106625 0 5352 492320 0 24186 4 0 0 0 0 133005 2207945 2340950 110043 110043 287844 287844 287844 287844 85760 133005 57511 28249 28249 55105 25191 29914 29914 2797000 0 0 456050 28768 28768 158063 115386 20548 22129 1863749 1467865 190611 205273 17064 12457 2218 2389 113076 82545 14700 15831 141232 107254 16360 17618 6427 2185 2121 2121 34696 6970 20961 6765 33600 28186 5414 190476 126743 32036 31697 223376 171511 21406 30459 52053 43466 4765 3822 49627 39835 4740 5052 59523 44205 10375 4943 STUDENT EDUCATIONAL EXP 462776 438929 6861 16986 STUDENT TRANSPORTATION 166470 166470 EDUCATIONAL BOOKS AND S 32843 32843 MISCELLANEOUS 2530 2100 143 287 FOOD 0 -29323 -23538 -2800 -2985 3607026 2894180 345045 367801 302475 234064 574575 235421 918957 207319 44190 15520 48717 26950 600579 416414 138286 184165 277148 228894 7831615 8747387 99370 84069 10235333 9963789 252912 608107 58773 62840 311685 670947 X 6350797 5716560 298983 287414 3273868 3288868 9923648 9292842 10235333 9963789 X -810026 179220 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3273868 15000 3288868 3089843 184025 3273868 3074000 15843 3089843 1.00000 0 0 177494 127283 50211 423085 289131 133954 184165 INVESTMENT IN COMMUNITY FOUNDATION 8747387 F 8747387 2797000 3607026 -810026 179220 179220 -630806 2976220 179220 179220 2797000 0 2797000 3607026 0 3607026 0 3607026 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 ACCOUNTING 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 IN THE STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS. NO INTEREST AND PENALTIES WERE RECORDED DURING FISCAL YEARS 2011 AND 2010. THE TAX YEARS SUBJECT TO AUDIT BY FEDERAL AND STATE JURISDICTIONS ARE THE YEARS ENDED AUGUST 31, 2008 AND FORWARD. AT AUGUST 31, 2011 AND 2010, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES THAT ARE EXPECTED TO HAVE A MATERIAL IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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 GOLF OUTING 217765 132005 85760 36967 20544 217765 132005 85760 36967 20544 57511 28249 55105 4190 21001 1 1.00000 55105 4190 21001 25191 29914 NY 1 0 0 0 0.00000 1.00000 DON GENSINGER 494 BROAD STREET NEWARK NJ 07102 0 0 1 STUDENT ESSENTIALS-THIS ASSISTANCE HELPS THE LOW INCOME STUDENTS AND THEIR FAMILIES COVER SOME OF THE EXPENSES ASSOCIATED WITH ATTENDING PRIVATE SCHOOLS THAT ARE NOT COVERED BY THE SCHOOLS FINANCIAL AID PACKAGES. THESE EXPENSES INCLUED; TUITION GAPS, REGISTRATION FEES, BOOKS, TRAVEL EXPENSES, AND OTHER INCIDENTALS. 43 28768 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE ORGANIZATION MAINTAINS ITS RECORDS FOR ASSISTANCE GIVEN OUT. THE SELECTION CRITERA IS BASED ON LOCATION OF WHERE A CANDIDATE LIVES, STRONG ACADEMIC SKILLS AND POTENTIAL AS WELL AS FINANCIAL NEED. X 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PROVIDED TO THE ORGANIZATIONS GOVERNING BODY. THEY REVIEW THE FORM 990 AND IF THERE ARE ANY QUESTIONS OR CONCERNS THEY ARE PRESENTED TO THE DIRECTOR OF FINANCE. THE DIRECTOR OF FINANCE 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 AFTER A FORMAL ANNUAL PERFORMANCE REVIEW. THE ORGANIZATION'S PROCESS FOR DETERMINING OFFICERS OR KEY EMPLOYEES COMPENSATION IS A REVIEW BY THE ACCOUNTING COMMITTEE OF SALARIES AND THE BUDGETED SALARY INCREASES FOR ALL STAFF DURING THE ANNUAL BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 179,220. FORM 990, PART XII,LINE 2C NO CHANGE FROM THE PRIOR YEAR. NET GAIN 990, PAGE 9,PART VIII, LINE 7D 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. BOTH 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. (76,029)