2025-03-10T09:55:05-05:00 2024-06-30 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2023-07-01 223781807 NJ EDGENET INC NJED 9735965490 625 BROAD STREET 260 NEWARK NJ 07102 SAMUEL S CONN PHD PRESIDENT & CEO 9735965490 2025-03-08 1 0 MICHAEL SMITH CPA P03062773 9733281825 2025-03-05 2023 2025-03-06 01:10:19Z SAMUEL S CONN PHD 625 BROAD STREET 260 NEWARK NJ 07102 13071551 0 X WWW.NJEDGE.NET X 2001 NJ NJEDGE.NET SUPPORTS NEW JERSEY'S RESEARCH AND EDUCATION COMMUNITY, AS WELL AS GOVERNMENT AND INDUSTRY PARTNERSHIPS, WITH ITS DEPLOYMENT OF A REGIONAL OPTICAL NETWORK PROVIDING STATEWIDE BROADBAND ACCESS AND STATE OF THE ART EMERGING TECHNOLOGIES TO ENRICH THE EDUCATIONAL AND RESEARCH MISSIONS OF ITS MEMBERS. 22 20 53 0 0 0 576690 564690 11153116 12434019 39844 37023 812 35819 11770462 13071551 0 0 0 0 5087044 4940687 0 0 0 7605201 8902893 12692245 13843580 -921783 -772029 10645074 12226329 9403933 11757217 1241141 469112 X NJEDGE.NET SUPPORTS NEW JERSEY'S RESEARCH AND EDUCATION COMMUNITY AS WELL AS GOVERNMENT AND INDUSTRY PARTNERSHIPS WITH ITS DEPLOYMENT OF A REGIONAL OPTICAL NETWORK PROVIDING STATEWIDE BROADBAND ACCESS AND STATE OF THE ART EMERGING TECHNOLOGIES TO ENRICH THE EDUCATIONAL AND RESEARCH MISSIONS OF ITS MEMBERS. 0 0 11934728 12469838 NJEDGE.NET PROCURES, OPERATES AND MANAGES A STATE-WIDE NETWORK SOLELY ON BEHALF OF EDUCATIONAL AND RESEARCH INSTITUTIONS IN NJ. THIS IS A 24/7, YEAR-ROUND OPERATION. 11934728 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 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 0 0 0 0 1 31 0 1 53 1 0 0 0 0 0 0 0 0 0 0 X 22 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NJ X CAITLIN KAPLAN 9735965490 625 BROAD STREET NO 260 NEWARK NJ 07102 DR STEVEN ROSE CHAIR 2.00 X X 0 0 0 NEAL STURM SECRETARY 2.00 X X 0 0 0 DR ANTHONY IACONO TREASURER 2.00 X X 0 0 0 DR MIRA LALOVIC-HAND TRUSTEE 2.00 X 0 0 0 MICHELE NORIN TRUSTEE 2.00 X 0 0 0 DR SHARON E BLANTON TRUSTEE 2.00 X 0 0 0 SCOTT HUSTON TRUSTEE 2.00 X 0 0 0 CHRIS HARTMAN TRUSTEE 2.00 X 0 0 0 CAROL KONDRACH TRUSTEE 2.00 X 0 0 0 DR JOSEPH MARBACH TRUSTEE 2.00 X 0 0 0 DR MARIS LOWN TRUSTEE 2.00 X 0 0 0 BRADLEY MORTON TRUSTEE 2.00 X 0 0 0 DR DAVID STOUT TRUSTEE 2.00 X 0 0 0 LAMONT REPOLLET TRUSTEE 2.00 X 0 0 0 LEN DE BOTTON TRUSTEE 2.00 X 0 0 0 TEIK C LIM TRUSTEE 2.00 X 0 0 0 JONATHAN KOPPELL TRUSTEE 2.00 X 0 0 0 MICHAEL ZWICK TRUSTEE 2.00 X 0 0 0 MARILYN OCHOA TRUSTEE 2.00 X 0 0 0 MICHAEL MIDDLETON TRUSTEE 2.00 X 0 0 0 ATAM DHAWAN TRUSTEE 2.00 X 0 0 0 EDWARD WOZENCROFT TRUSTEE 2.00 X 0 0 0 SAMUEL S CONN PHD PRESIDENT AND CEO 40.00 X 245818 0 39661 CAITLIN KAPLAN CFO 40.00 X 179064 0 44990 BRUCE TYRELL AVP PROGRAM & SERVICES 40.00 X 186047 0 36521 JAMES STANKIEWICZ AVP & PRINCIPAL NETWORK AR 40.00 X 185401 0 34921 CHRISTOPHER RAY MARKHAM VP INFORMATION TECHNOLOGY 40.00 X 187286 0 42541 ADAM BATHIARD SENIOR NEWORK ENGINEER 40.00 X 165824 0 7191 ADAM SCARZAFAVA AVP EDGEEVENTS & DIGITAL MARKETING 40.00 X 123613 0 8512 1273053 0 214337 7 0 1 0 0 564690 564690 PROGRAM REVENUE 900099 12434019 12434019 12434019 37023 37023 MISCELLANEOUS REVENUE 900099 35819 35819 35819 13071551 12469838 0 37023 X 1355264 888818 466446 2853570 1871445 982125 101022 66252 34770 378301 248098 130203 252530 165616 86914 76090 9210 66880 66000 7988 58012 1659227 1601907 57320 58984 57261 1723 195459 195459 49876 45570 4306 124497 124497 182742 182742 1084231 1084231 MEMBER NETWORK 3913281 3913281 DUES AND SUBSCRIPTIONS 897169 897169 EQUIPMENT RENTAL 533075 533075 TELECOM 38116 17963 20153 24146 24146 13843580 11934728 1908852 0 201500 235070 879807 1168961 2231093 1808495 11400866 7220842 3493170 4180024 55404 29920 3784100 4803859 10645074 12226329 3371387 3584641 460980 318080 1705205 3207751 3866361 4646745 9403933 11757217 X 1241141 469112 1241141 469112 10645074 12226329 -772029 0 X X 0 1 X 1 0 X 549801 1180830 1142331 576690 564690 4014342 549801 1180830 1142331 576690 564690 4014342 4014342 24894 309 830 39844 37023 102900 812 35819 36631 4153873 56107955 0.96640 0.96500 X 11400866 7220842 4180024 4180024 SECURITY DEPOSIT 25000 OTHER RECEIVABLE 210899 OPERATING LEASE - RIGHT OF USE ASSET 4567960 4803859 OTHER LIABILITIES 59072 OPERATING LEASE LIABILITY 4587673 4646745 X 13071551 0 13071551 0 13071551 13843580 0 13843580 0 13843580 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT CORPORATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. THE ORGANIZATION IS ALSO EXEMPT UNDER TITLE 15 OF THE STATE OF NEW JERSEY, CORPORATIONS AND ASSOCIATIONS NOT-FOR-PROFIT ACT. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAX HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION FOLLOWS THE PROVISIONS OF FASB ASC INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION AS THEY RELATE TO THOSE TAX POSITIONS. THE ORGANIZATION DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE YEARS ENDED JUNE 30, 2024 AND 2023. HOWEVER, THE ORGANIZATION IS SUBJECT TO AUDIT BY TAX AUTHORITIES, INCLUDING A REVIEW OF ITS NONPROFIT STATUS WHICH MANAGEMENT BELIEVES WOULD BE UPHELD UPON EXAMINATION. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED FOR EACH YEAR. AS REQUIRED BY LAW, THE ORGANIZATION FILES INFORMATIONAL RETURNS WITH BOTH THE FEDERAL AND NEW JERSEY STATE GOVERNMENTS ON AN ANNUAL BASIS - FORM 990 WITH THE INTERNAL REVENUE SERVICE, AND FORM CRI-300R WITH THE STATE. THESE RETURNS ARE SUBJECT TO EXAMINATION BY THESE AUTHORITIES WITHIN CERTAIN STATUTORILY DEFINED PERIODS FROM THE LATEST FILING DATE FOR FEDERAL AND FOR NEW JERSEY. X 0 0 0 0 0 0 0 0 0 SAMUEL S CONN PHD PRESIDENT AND CEO 245818 0 0 0 0 0 21846 0 17815 0 285479 0 0 0 CHRISTOPHER RAY MARKHAM VP INFORMATION TECHNOLOGY 187286 0 0 0 0 0 14480 0 28061 0 229827 0 0 0 CAITLIN KAPLAN CFO 179064 0 0 0 0 0 14400 0 30590 0 224054 0 0 0 BRUCE TYRELL AVP PROGRAM & SERVICES 186047 0 0 0 0 0 15353 0 21168 0 222568 0 0 0 JAMES STANKIEWICZ AVP & PRINCIPAL NETWORK AR 185401 0 0 0 0 0 13007 0 21914 0 220322 0 0 0 ADAM BATHIARD SENIOR NEWORK ENGINEER 165824 0 0 0 0 0 6639 0 552 0 173015 0 0 0 PART I, LINE 3 THE BOARD OF TRUSTEES DETERMINES COMPENSATION OF THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 11B NJEDGE.NET, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PROVIDED TO THE MEMBERS OF THE ORGANIZATIONS GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH A REASONABLE AMOUNT OF TIME TO REVIEW THE FORM 990. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED THROUGH MANAGEMENT TO THE OUTSIDE ACCOUNTING FIRM. ANY APPLICABLE ISSUES ARE ADDRESSED PRIOR TO THE RETURN BEING FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C NJEDGE.NET, INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, THE GOVERNING BODY AND MANAGEMENT WILL INVESTIGATE THE ISSUE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST MANAGEMENT AND THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY. THE MEMBER WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORGANIZATIONS OFFICERS OR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES, AN INDEPENDENT BODY. FORM 990, PART VI, SECTION C, LINE 19 NJEDGE.NET MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON WRITTEN REQUEST AT THE FOUNDATIONS OFFICE AT 625 BROAD STREET, SUITE 260, NEWARK, NJ 07102. IN ADDITION FORMS 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE FOUNDATIONS OFFICE AT 625 BROAD STREET, SUITE 260, NEWARK, NJ 07102. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,601,907. MANAGEMENT AND GENERAL EXPENSES 57,320. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,659,227. FORM 990 PART XII, LINE 2C NO CHANGE FROM THE PRIOR YEAR.