Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

MediumBullet The organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0047
2012
Open to Public Inspection
A For the 2012 calendar year, or tax year beginning 01-01-2012 , 2012, and ending 12-31-2012
BCheck if applicable:
CName of organization
KESSLER FOUNDATION INC
 
Doing Business As
 
 
Number and street (or P.O. box if mail is not delivered to street address)
300 EXECUTIVE DRIVE
Suite
Room/suite
City or town, state or country, and ZIP + 4
WEST ORANGE, NJ07052
D Employer identification number

31-1562134
E Telephone number

G Gross receipts $ 80,447,942
F Name and address of principal officer:
RODGER DEROSE
300 EXECUTIVE DRIVE SUITE 70
WEST ORANGE,NJ07052
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.KESSLERFOUNDATION.ORG
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1986
M State of legal domicile: NJ
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: THE FOUNDATION'S MISSION IS TO IMPROVE THE QUALITY OF LIFE FOR PEOPLE WITH PHYSICAL DISABILITIES BY PREPARING THEM FOR THE WORKPLACE, AND CONDUCTING REHABILITATION RESEARCH.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 22
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 21
5 Total number of individuals employed in calendar year 2011 (Part V, line 2a) ...... 5 116
6 Total number of volunteers (estimate if necessary) ............. 6 21
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 0
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b  
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 4,962,424 5,014,337
9 Program service revenue (Part VIII, line 2g) ......... 342,398 290,489
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 13,084,363 9,959,207
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 650,932 74,628
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 19,040,117 15,338,661
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 2,776,283 2,165,875
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 8,340,277 9,531,193
16a Professional fundraising fees (Part IX, column (A), line 11e)..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet742,207    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 6,127,662 6,437,422
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 17,244,222 18,134,490
19 Revenue less expenses. Subtract line 18 from line 12....... 1,795,895 -2,795,829
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 213,838,717 226,601,821
21 Total liabilities (Part X, line 26)............. 6,284,347 7,528,957
22 Net assets or fund balances. Subtract line 21 from line 20..... 207,554,370 219,072,864
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
 
Preparer's signature
Date
PTIN
Firm's name MediumBullet

Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ............
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2012)
Form 990 (2012)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response to any question in this Part III ...............
1
Briefly describe the organization’s mission: KESSLER FOUNDATION, A PUBLIC CHARITY IN THE FIELD OF DISABILITY, IS A GLOBAL LEADER IN REHABILITATION RESEARCH THAT ADVANCES THE CARE OF PEOPLE WITH MULTIPLE SCLEROSIS, STROKE, INJURIES TO THE BRAIN AND SPINAL CORD, AND OTHER DISABLING CONDITION. KESSLER FOUNDATION IS ALSO A LEADER IN FUNDING INNOVATIVE PROGRAMS THAT EXPAND OPPORTUNITIES FOR JOB TRAINING AND EMPLOYMENT FOR PEOPLE WITH DISABILITIES, THE SINGLE LARGEST MINORITY IN THE NATION.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ......................
If “Yes,” describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ............................
If “Yes,” describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 9,827,214 including grants of $   ) (Revenue $ 4,615,845 )
Kessler Foundation's Research Center. It includes 90 staff members who work in such research areas as neuropsychology, neuroscience, outcomes assessment, traumatic brain injury, spinal cord injury, stroke, rehabilitation engineering, gait analysis and motor control. About 60% of its research are funded directly by the Foundation. The remaining 40% is funded from external research grants from state and federal agencies and private foundation and corporations. In 2012, the Research Center secured $11.7 million in grant funding for our research so more discoveries can be made to improve the lives of individuals with traumatic brain injury (TBI), spinal cord injury (SCI), multiple sclerosis (MS), stroke, and other neurological conditions. With the renewal of the five-year federal grant for the Northern NJ TBI System, Kessler Foundation became one of only eight centers to have federally funded model systems in both spinal cord injury and traumatic brain injury.
4b (Code:   ) (Expenses $ 2,165,875 including grants of $ 2,165,875 ) (Revenue $   )
In 2012, the Program Center awarded more than $2.1 million in grants to initiatives that create or expand employment opportunities for people with disabilities. For the second consecutive year, Kessler Foundation's Signature Employment Grants were awarded to disability employment programs across the nation. Since 2005, more than $28 million in grants has been distributed to job training and employment initiatives, leading to more than 3,000 people with disabilities receiving job training and entering the workforce.
4c (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet11,993,089
Form 990 (2012)
Form 990 (2012)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule AClick to see attachment........................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part I..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If “Yes,” complete Schedule C, Part II........
4
 
No
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C,
Part III............................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete Schedule D, Part IClick to see attachment........................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If “Yes,” complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III Click to see attachment....................
8
 
No
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,” complete Schedule D, Part IVClick to see attachment..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If “Yes,” complete Schedule D, Part VClick to see attachment......
10
Yes
 
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If “Yes,” complete Schedule D, Part VI.Click to see attachment...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIIClick to see attachment.......
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIIIClick to see attachment.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IXClick to see attachment............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part XClick to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part XClick to see attachment.........................
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If “Yes,” complete Schedule D, Parts XI and XII Click to see attachment.................
12a
Yes
 
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If “Yes,” and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
12b
 
No
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule E....
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?.....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If “Yes,” complete Schedule F, Parts I and IV.........
14b
 
No
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the United States? If “Yes,” complete Schedule F, Parts II and IV
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the United States? If “Yes,” complete Schedule F, Parts III and IV...
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part I (see instructions).... Click to see attachment
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II............ Click to see attachment
18
Yes
 
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III................... Click to see attachment
19
Yes
 
20a
Did the organization operate one or more hospital facilities? If “Yes,” complete Schedule H....
20a
 
No
b
If “Yes” to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
Form 990 (2012)
Form 990 (2012)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants and other assistance to any government or organization in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II... Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........ Click to see attachment
22
Yes
 
23
Did the organization answer “Yes” to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J....................... Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25................
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
 
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I........
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I...................
25b
 
No
26
Was a loan to or by a current or former officer, director, trustee, key employee, highest compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II..........................
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If “Yes,” complete Schedule L, Part III.........
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV ..........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV.....................
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If “Yes,” complete Schedule L, Part IV...
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule M..
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M.............
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Part II, III, or IV, and Part V, line 1........................
34
 
No
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
 
No
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2...
35b
 
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2.............
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VI
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2012)
Form 990 (2012)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V ...............
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
75
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .
1b
3
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
116
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
 
No
b
If “Yes,” has it filed a Form 990-T for this year? If “No,” provide an explanation in Schedule O.....
3b
 
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?..........................
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes,” to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?...
6a
 
No
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
Yes
 
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
Yes
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?............................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?............................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?............
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?..........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?.......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year. ....................
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
 
Form 990 (2012)
Form 990 (2012)
Page 6
Part VI
Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response to any question in this Part VI ...............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year .....................
1a
22
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent ...................
1b
21
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
Yes
 
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If “Yes,” did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this was done.......................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If “Yes,” did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
NJ
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how), the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization:
MediumBulletTAXPAYER300 EXECUTIVE DRIVE SUITE 70WEST ORANGENJ07052 (973) 324-8364
Form 990 (2012)
Form 990 (2012)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response to any question in this Part VII ...............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(1) SAM GARRUTO........................................................................
TRUSTEE
 1.0
.......................   		X           0 0 0
(2) ROBERT W PARSONS JR PHD........................................................................
TRUSTEE
 1.0
.......................   		X           0 0 0
(3) JOHN R CANNELL ESQ........................................................................
TRUSTEE
 1.0
.......................   		X           0 0 0
(4) DONALD H SEBASTIAN PHD........................................................................
TRUSTEE
 1.0
.......................   		X           0 0 0
(5) JAMES ESTABROOK........................................................................
CHAIR
 1.0
.......................   		X   X       0 0 0
(6) JEFFREY FEINER........................................................................
TRUSTEE
 1.0
.......................   		X           0 0 0
(7) MARY ANNE MCDONALD........................................................................
TRUSTEE
 1.0
.......................   		X           0 0 0
(8) ROBERT HERZ........................................................................
VICE CHAIR
 1.0
.......................   		X   X       0 0 0
(9) RICHARD KESSLER........................................................................
TRUSTEE
 1.0
.......................   		X           0 0 0
(10) BARBARA LEWIS........................................................................
SECRETARY
 1.0
.......................   		X   X       0 0 0
(11) ELIZABETH LOWENSTEIN........................................................................
VICE CHAIR
 1.0
.......................   		X   X       0 0 0
(12) MARK POLLARD........................................................................
TRUSTEE
 1.0
.......................   		X           0 0 0
(13) RYAN SCHINMAN........................................................................
TRUSTEE
 1.0
.......................   		X           0 0 0
(14) LYNN SCHNEEMEYER........................................................................
TRUSTEE
 1.0
.......................   		X           0 0 0
(15) SAUL SIMON........................................................................
TRUSTEE
 1.0
.......................   		X           0 0 0
(16) LOUIS LIPSCHITZ........................................................................
VICE-CHAIR
 1.0
.......................   		X   X       0 0 0
(17) WILLIAM OWEN........................................................................
TRUSTEE
 1.0
.......................   		X           0 0 0
Form 990 (2012)
Form 990 (2012)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(18) RODGER DEROSE........................................................................
PRESIDENT AND CEO
 40.0
.......................   		X   X       512,248 0 143,621
(19) GLENN REITER........................................................................
TRUSTEE
 1.0
.......................   		X           0 0 0
(20) BOBBIE ARBESFELD........................................................................
TRUSTEE
 1.0
.......................   		X           0 0 0
(21) STEPHEN G SUDOVAR........................................................................
TRUSTEE
 1.0
.......................   		X           0 0 0
(22) GUY TUFO........................................................................
TRUSTEE
 1.0
.......................   		X           0 0 0
(23) PAMELA DELUCA........................................................................
CHIEF DEVELOPMENT OFFICER
 40.0
.......................   		    X       108,290 0 25,091
(24) ANNE AMMONS........................................................................
VICE PRESIDENT - FINANCE
 40.0
.......................   		    X       275,265 0 74,019
(25) JOHN DELUCA........................................................................
VICE PRESIDENT-RESEARCH
 40.0
.......................   		      X     287,367 0 77,574
(26) ANNA BARRETT........................................................................
LAB DIRECTOR
 40.0
.......................   		        X   240,435 0 63,790
(27) PAUL DOMBROWSKI........................................................................
DIRECTOR - IT DEPARTMENT
 40.0
.......................   		        X   164,220 0 41,406
(28) NANCY CHIARAVALOTTI........................................................................
LAB DIRECTOR
 40.0
.......................   		        X   197,113 0 51,066
(29) GUANG YUE........................................................................
LAB DIRECTOR
 40.0
.......................   		        X   217,783 0 57,136
(30) MOOYEON OH-PARK........................................................................
Assistant Director
 40.0
.......................   		        X   157,377 0 39,395
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 2,160,098 0 573,098
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet9
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual ..............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
GIBBONS PC, PO BOX 5177NEW YORKNY10087 LEGAL SERVICES 163,455
THE CORMAC GROUP, 1730 RHODE ISLAND AVEWASHINGTONDC20036 CONSULTING SERVICES 196,921
WINNING STRATEGIES, 550 BROAD STREET SUITE 910NEWARKNJ07102 CONSULTING SERVICES 105,026
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet3
Form 990 (2012)
Form 990 (2012)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response to any question in this Part VIII ..............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, Gifts, Grants and Other Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c  
d Related organizations...1d  
e Government grants (contributions)1e 3,120,654
f All other contributions, gifts, grants, and
similar amounts not included above1f 		1,893,683
g Noncash contributions included in lines
1a-1f:$ 		 
h Total. Add lines 1a-1f.......MediumBullet 5,014,337
Program Service Revenue Business Code
2a SEMINAR & COURSE INCOME 541900 180,489 180,489    
b LIBRARY USE FEE 541900 110,000 110,000    
c
d
e
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet 290,489
Other Revenue 3 Investment income (including dividends, interest, and other similar amounts).......MediumBullet 3,248,454     3,248,454
4 Income from investment of tax-exempt bond proceeds..MediumBullet 0      
5 Royalties...........MediumBullet 0      
(i) Real (ii) Personal
6a Gross rents    
b Less: rental expenses    
c Rental income or (loss) 0 0
d Net rental income or (loss).......MediumBullet 0      
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 71,604,966  
b Less: cost or other basis and sales expenses 64,894,213  
c Gain or (loss) 6,710,753  
d Net gain or (loss)..........MediumBullet 6,710,753     6,710,753
8a Gross income from fundraising events (not including
$  
of contributions reported on line 1c). See Part IV, line 18 ..
a 138,876
b Less: direct expenses ...b 198,841
c Net income or (loss) from fundraising events..MediumBullet -59,965    
9a Gross income from gaming activities.
See Part IV, line 19 ...
a 23,550
b Less: direct expenses ...b 16,227
c Net income or (loss) from gaming activities...MediumBullet 7,323      
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet 0      
Miscellaneous Revenue Business Code
11a MISCELLANEOUS REVENUE 900099 127,270 127,270    
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ...... MediumBullet 127,270
12 Total revenue. See Instructions......MediumBullet 15,338,661 417,759   9,959,207
Form 990 (2012)
Form 990 (2012)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response to any question in this Part IX ...............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the United States. See Part IV, line 21 2,115,875 2,115,875
2 Grants and other assistance to individuals in the United States. See Part IV, line 22 50,000 50,000
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16 0  
4 Benefits paid to or for members 0  
5 Compensation of current officers, directors, trustees, and key employees .... 1,503,475 364,941 1,005,153 133,381
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .... 0      
7 Other salaries and wages 6,155,563 4,844,066 1,130,800 180,697
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 349,103 268,249 68,470 12,384
9 Other employee benefits ....... 1,046,427 870,271 143,989 32,167
10 Payroll taxes ........... 476,625 332,251 125,029 19,345
11 Fees for services (non-employees):        
a Management ...... 0      
b Legal ......... 174,687 127,452 25,147 22,088
c Accounting ........... 52,000 26,000 26,000 0
d Lobbying ........... 0      
e Professional fundraising services. See Part IV, line 17 0  
f Investment management fees ...... 1,383,420   1,383,420  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ........ 1,279,693 945,605 165,701 168,387
12 Advertising and promotion .... 0      
13 Office expenses ....... 185,193 60,354 76,606 48,233
14 Information technology ...... 186,700 124,679 48,691 13,330
15 Royalties .. 0      
16 Occupancy ........... 752,156 655,973 96,183  
17 Travel ............ 267,179 230,978 33,007 3,194
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ...... 0      
19 Conferences, conventions, and meetings .... 276,622 142,835 76,277 57,510
20 Interest ........... 0      
21 Payments to affiliates ....... 0      
22 Depreciation, depletion, and amortization ..... 597,393   597,393  
23 Insurance .............. 253,402 129,905 123,497  
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a DUES & SUBSCRIPTIONS 78,393 68,234 8,989 1,170
b SUBJECT COSTS 256,831 256,831 0 0
c MISCELLANEOUS 220,798 97,377 96,680 26,741
d RESEARCH & EDUCATION EXPENSES 241,379 204,586 26,741 10,052
e All other expenses 231,576 76,627 141,421 13,528
25 Total functional expenses. Add lines 1 through 24e 18,134,490 11,993,089 5,399,194 742,207
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2012)
Form 990 (2012)
Page 11
Part X Balance Sheet Check if Schedule O contains a response to any question in this Part X ...............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing ............. 13,581,129 1 6,731,470
2 Savings and temporary cash investments ......... 0 2 0
3 Pledges and grants receivable, net ........... 361,355 3 1,629,444
4 Accounts receivable, net ............. 0 4 0
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..................
0 5 0
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
0 6 0
7 Notes and loans receivable, net ............. 0 7 250,000
8 Inventories for sale or use .............. 0 8 0
9 Prepaid expenses and deferred charges .......... 1,418,690 9 1,302,291
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 10,749,377
b Less: accumulated depreciation ..... 10b 5,661,777 1,496,978 10c 5,087,600
11 Investments—publicly traded securities .......... 176,737,687 11 189,516,013
12 Investments—other securities. See Part IV, line 11 ..... 19,036,050 12 20,287,119
13 Investments—program-related. See Part IV, line 11 ..... 0 13 0
14 Intangible assets ............... 0 14 0
15 Other assets. See Part IV, line 11 ........... 1,206,828 15 1,797,884
16 Total assets. Add lines 1 through 15 (must equal line 34)...... 213,838,717 16 226,601,821
Liabilities 17 Accounts payable and accrued expenses ......... 1,813,936 17 3,493,468
18 Grants payable ................. 3,617,217 18 2,942,970
19 Deferred revenue ................ 462,271 19 523,183
20 Tax-exempt bond liabilities ............. 0 20 0
21 Escrow or custodial account liability. Complete Part IV of Schedule D.. 0 21 0
22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L.......... 0 22 0
23 Secured mortgages and notes payable to unrelated third parties .. 0 23 0
24 Unsecured notes and loans payable to unrelated third parties .... 0 24 0
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D.................... 390,923 25 569,336
26 Total liabilities. Add lines 17 through 25......... 6,284,347 26 7,528,957
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets .............. 203,431,637 27 213,491,900
28 Temporarily restricted net assets ........... 2,262,298 28 3,720,529
29 Permanently restricted net assets ........... 1,860,435 29 1,860,435
Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds ........   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ........... 207,554,370 33 219,072,864
34 Total liabilities and net assets/fund balances ........ 213,838,717 34 226,601,821
Form 990 (2012)
Form 990 (2012)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response to any question in this Part XI ...............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
15,338,661
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
18,134,490
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
-2,795,829
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
207,554,370
5
Net unrealized gains (losses) on investments ...............
5
13,360,829
6
Donated services and use of facilities .................
6
1,238,025
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
-284,531
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
219,072,864
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response to any question in this Part XII ..............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If “Yes,” to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?
3a
Yes
 
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits
3b
Yes
 
Form 990 (2012)
Form 990, Special Condition Description:
Special Condition Description
Additional Data


Software ID:  
Software Version:  
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
KESSLER FOUNDATION INC
 
Employer identification number

31-1562134
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
f
g
(i) A person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the supported organization? ................
11g(i)
 
 
(ii) A family member of a person described in (i) above? ......................
11g(ii)
 
 
(iii) A 35% controlled entity of a person described in (i) or (ii) above? ................
11g(iii)
 
 
h
Provide the following information about the supported organization(s).
(i) Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions)) (iv) Is the organization in col. (i) listed in your governing document? (v) Did you notify the organization in col. (i) of your support? (vi) Is the organization in col. (i) organized in the U.S.? (vii) Amount of monetary support
Yes No Yes No Yes No
Total                  

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2012
Schedule A (Form 990 or 990-EZ) 2012
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .... 3,741,922 5,015,664 4,536,622 4,962,424 5,014,338 23,270,970
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......           0
3 The value of services or facilities furnished by a governmental unit to the organization without charge..           0
4 Total. Add lines 1 through 3 3,741,922 5,015,664 4,536,622 4,962,424 5,014,338 23,270,970
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..           0
6 Public support. Subtract line 5 from line 4.           23,270,970
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
7 Amounts from line 4.. 3,741,922 5,015,664 4,536,622 4,962,424 5,014,338 23,270,970
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... 2,474,666 3,210,561 3,179,192 2,958,512 3,248,454 15,071,385
9 Net income from unrelated business activities, whether or not the business is regularly carried on..           0
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.).. 0 0 2,245 190,739 127,270 320,254
11 Total support (Add lines 7 through 10).           38,662,609
12
12
1,656,554
13
First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization, check this box and stop here........................................right arrow
Section C. Computation of Public Support Percentage
14
14
60.190 %
15
15
58.173 %
16a
b
17a
b
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990 or 990-EZ) 2012
Schedule A (Form 990 or 990-EZ) 2012
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......            
3 Gross receipts from activities that are not an unrelated trade or business under section 513..            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5.            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public support (Subtract line 7c from line 6.)            
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.) ..            
13 Total support. (Add lines 9, 10c, 11, and 12.)..            
14
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
b
20
Schedule A (Form 990 or 990-EZ) 2012
Schedule A (Form 990 or 990-EZ) 2012
Page 4
Part IV
Supplemental Information. Complete this part to provide the explanations required by Part II, line 10; Part II, line 17a or 17b; and Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Explanation
 
 
 
 
Schedule A (Form 990 or 990-EZ) 2012

Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
OMB No. 1545-0047
2012
Name of the organization
KESSLER FOUNDATION INC
 
Employer identification number

31-1562134
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......................... Arrow Bullet   $    
Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990; or check the box on line H of its
Form 990-EZ or on Part I, line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
Page 2
Name of organization
KESSLER FOUNDATION INC
  		Employer identification number

31-1562134
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
     
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
RESTRICTED
 

     
RESTRICTED
RESTRICTED  
RESTRICTED, RESTRICTED   RESTRICTED

$RESTRICTED


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
Page 3
Name of organization
KESSLER FOUNDATION INC
  		Employer identification number

31-1562134
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
     
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
Page 4
Name of organization
KESSLER FOUNDATION INC
  		Employer identification number

31-1562134
Part III
Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Additional Data


Software ID:  
Software Version:  
SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
KESSLER FOUNDATION INC
 
Employer identification number

31-1562134
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate contributions to (during year) ...    
3 Aggregate grants from (during year) .....    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register .................... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .......................................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2012

Schedule D (Form 990) 2012
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIII and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If “Yes,” explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ........
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current year (b)Prior year b (c)Two years back (d)Three years back (e)Four years back
1a Beginning of year balance .... 2,197,709 2,264,658 2,120,051 3,250,719 3,250,719
b Contributions ........          
c Net investment earnings, gains, and losses 232,224 -66,949 229,969 31,099  
d Grants or scholarships ..... 114,190   78,537 1,161,767  
e Other expenditures for facilities
and programs ........ 		    6,825    
f Administrative expenses ....          
g End of year balance ...... 2,315,743 2,197,709 2,264,658 2,120,051 3,250,719
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet  
b
Permanent endowment SchDMd Bullet80.000 %
c
Temporarily restricted endowment SchDMd Bullet20.000 %
The percentages in lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
No
(ii) related organizations ........................
3a(ii)
 
No
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................      
b Buildings ................        
c Leasehold improvements ............   1,406,959 780,272 626,687
d Equipment ................   7,262,059 4,881,505 2,380,554
e Other .................   2,080,359   2,080,359
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 5,087,600
Schedule D (Form 990) 2012

Schedule D (Form 990) 2012
Page 3
Part VII
Investments—Other Securities. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
(3)Other
(A) ALTERNATIVE INVESTMENTS 		20,287,119 F








Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 20,287,119
Part VIII
Investments—Program Related. See Form 990, Part X, line 13.
(a) Description of investment type (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
Federal income taxes 0
DEFERRED COMPENSATION 569,336








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 569,336
2. Fin 48 (ASC 740) Footnote. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII .....................................................
Schedule D (Form 990) 2012

Schedule D (Form 990) 2012
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1 Total revenue, gains, and other support per audited financial statements ....... 1 30,969,009
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a 13,360,829
b Donated services and use of facilities ......... 2b 3,437,870
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d 215,069
e Add lines 2a through 2d ..................... 2e 17,013,768
3 Subtract line 2e from line 1..................... 3 13,955,241
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a 1,383,420
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b....................... 4c 1,383,420
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 15,338,661
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ........... 1 19,450,515
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a 2,199,845
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d 499,600
e Add lines 2a through 2d...................... 2e 2,699,445
3 Subtract line 2e from line 1..................... 3 16,751,070
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a 1,383,420
b Other (Describe in Part XIII.) ............ 4b  
c Add lines 4a and 4b....................... 4c 1,383,420
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 18,134,490
Part XIII
Supplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
SPECIAL EVENT EXPENSES PART XI, LINE 2D SPECIAL EVENT EXPENSES = $215,069
IN-KIND CONTRIBUTIONS PART XII, LINE 2D PUBLIC SERVICE ANNOUNCEMENTS = $2,150,976 DONATED USE OF FACILITIES = $1,286,895
IN-KIND CONTRIBUTIONS PART XIII, LINE 2D PUBLIC SERVICE ANNOUNCEMENTS = $2,150,976 DONATED USE OF FACILITIES - $48,869
FIN 48 FORM 990, SCHEDULE D, PART X, Line 2 The Foundation follows the accounting pronouncement dealing with uncertain tax positions. The Foundation had no unrecognized tax benefits at December 31, 2012. The Foundation has no open years prior to 2009. There were no tax related interest or penalties.
INTENDED USES OF ENDOWMENT FUNDS Schedule D, Part V, Line 4 Organization's endowment funds are used to support research and education.
ADJUSTMENT TO DEFERRED COMPENSATION LIABILITY PART XIII, LINE 2D THE FOUNDATION HAD MAINTAINED SEVERAL DEFERRED COMPENSATION ARRANGEMENTS WITH PAST EXECUTIVES. ADJUSTMENT IS FOR CHANGE IN VALUE OF DEFERRED COMPENSAION LIABILITY. TOTAL ADJUSTMENT = -284,531
SPECIAL EVENT EXPENSES PART XII, LINE 2D SPECIAL EVENT EXPENSES = $215,069
Schedule D (Form 990) 2012

Additional Data


Software ID:  
Software Version:  




SCHEDULE G (Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information Regarding
Fundraising or Gaming Activities
Complete if the organization answered "Yes" to Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 6a. Form 990-EZ filers are not required to complete this part. right arrowAttach to Form 990 or Form 990-EZ. right arrowSee separate instructions.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
KESSLER FOUNDATION INC
 
Employer identification number

31-1562134
Part I
Fundraising Activities. Complete if the organization answered "Yes" to Form 990, Part IV, line 17.
1
Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a e
b f
c g
d
2a
Did the organization have a written or oral agreement with any individual (including officers, directors, trustees
or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?
b
If “Yes,” list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization.
(i) Name and address of individual
or entity (fundraiser) 		(ii) Activity (iii) Did fundraiser have custody or control of contributions? (iv) Gross receipts
from activity 		(v) Amount paid to
(or retained by)
fundraiser listed in
col. (i) 		(vi) Amount paid to
(or retained by)
organization
Yes No
             
             
             
             
             
             
             
             
             
             
Total .................right arrow      
3
List all states in which the organization is registered or licensed to solicit funds or has been notified it is exempt from registration or licensing.
For Paperwork Reduction Act Notice, see the Instructions for Form 990or 990-EZ.
Cat. No. 50083H
Schedule G (Form 990 or 990-EZ) 2012
Schedule G (Form 990 or 990-EZ) 2012
Page 2
Part II
Fundraising Events. Complete if the organization answered "Yes" to Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.
(a) Event #1

HURRICANE SANDY
(event type) 		(b) Event #2

STROLL N ROLL
(event type) 		(c) Other events

1
(total number) 		(d) Total events
(add col. (a) through col. (c))
VerticalRevenue 1 Gross receipts . . . 51,958 86,584 334 138,876
2 Less: Contributions . .        
3 Gross income (line 1
minus line 2) . . . 		51,958 86,584 334 138,876
VerticalDirectExpenses 4 Cash prizes . . .        
5 Noncash prizes . .        
6 Rent/facility costs . .   11,923   11,923
7 Food and beverages . 56,614 562   57,176
8 Entertainment . . . 20,028     20,028
9 Other direct expenses . 60,356 49,348   109,704
10 Direct expense summary. Add lines 4 through 9 in column (d) ........... right arrow 198,831
11 Net income summary. Combine line 3, column (d), and line 10. .......... right arrow -59,955
Part III
Gaming. Complete if the organization answered "Yes" to Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.
VerticalRevenue (a) Bingo (b) Pull tabs/Instant
bingo/progressive bingo 		(c) Other gaming (d) Total gaming (add col.(a) through col.(c))
1 Gross revenue . . . .     23,550 23,550
VerticalDirectExpenses 2 Cash prizes . . . .     12,882 12,882
3 Non-cash prizes . . .        
4 Rent/facility costs . . .        
5 Other direct expenses . .     3,345 3,345
6 Volunteer labor . . .
 
 
 
7 Direct expense summary. Add lines 2 through 5 in column (d) ........... right arrow 16,227
8 Net gaming income summary. Combine lines 1 and 7 in column (d) .......... right arrow 7,323
9
Enter the state(s) in which the organization operates gaming activities:
a
Is the organization licensed to operate gaming activities in each of these states? ............
b
If "No," explain:
 
10a
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? .....
b
If "Yes," explain:
 
Schedule G (Form 990 or 990-EZ) 2012
Schedule G (Form 990 or 990-EZ) 2012
Page 3
11
Does the organization operate gaming activities with nonmembers? .................
12
Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity
formed to administer charitable gaming? ..........................
13
Indicate the percentage of gaming activity operated in:
a
The organization's facility ......................
13a
 
b
An outside facility ........................
13b
 
14
Enter the name and address of the person who prepares the organization's gaming/special events books and records:
Name right arrow
JEFFREY MORRIS
Address right arrow
300 EXECUTIVE DRIVE
WEST ORANGE,NJ07052
15a
Does the organization have a contract with a third party from whom the organization receives gaming
revenue? ......................................
b
If "Yes," enter the amount of gaming revenue received by the organization right arrow $   and the
amount of gaming revenue retained by the third party right arrow $   .
c
If "Yes," enter name and address of the third party:
Name right arrow
Address right arrow
 
 
16
Gaming manager information:
Name right arrow
Gaming manager compensation right arrow $  
Description of services provided right arrow
 
17
Mandatory distributions:
a
Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? ............................
b
Enter the amount of distributions required under state law distributed to other exempt organizations or spent
in the organization's own exempt activities during the tax year right arrow$  
Part IV
Supplemental Information. Complete this part to provide the explanations required by Part I, line 2b, columns (iii) and (v), and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also complete this part to provide any additional information (see instructions).
Identifier Return Reference Explanation
Fundraising Schedule G, Part II, Line 1, Column a All revenues from the Hurricane Sandy event were used to fund grants to organizations serving people with disabilities who were adversely impacted by Hurricane Sandy. In addition, Kessler Foundation has provided an additional $109,000 of its own funds to provide these emergency grants in 2012 and 2013.
Schedule G (Form 990 or 990-EZ) 2012
Additional Data


Software ID:  
Software Version:  
Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
KESSLER FOUNDATION INC
 
Employer identification number
31-1562134
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21, for any recipient that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC Code section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance
(1) APSE
416 HUNGERFORD DRIVE SUITE 418
ROCKVILLE,MD20850 		54-1645986 501(c)(3) 323,333       Maxing out Diversity
(2) ALLIANCE CENTER FOR INDEPENDENCE
629 AMBOY AVENUE
EDISON,NJ08837 		22-3070650 501(c)(3) 25,000       To support the NJ Disability Pride Parage and Celebration in downtown Trenton, NJ to promote the belief that disability is a natural part of human diversity, while generating national awareness for the disability community.
(3) ALTERNATIVES INC
600 1ST AVE
RARITAN,NJ08869 		22-1686764 501(c)(3) 40,000       To provide job training and accommodation assistance to people with disabilities in a retail setting.
(4) THE ARC OF UNION COUNTY
52 FADEM ROAD
SPRINFIELD,NJ07081 		22-1686764 501(c)(3) 40,000       To provide community based training and employment opportunities for individuals with developmental disabilities in an ecologically-conscious retail business selling discounted sports equipment.
(5) CENTER FOR HEAD INJURY SERVICES
11786
WESTLINE INDUSTRIAL DRIVE
ST LOUIS,MO63146 		43-1554015 501(c)(3) 500,000       This project creates a business with a social mission to increase the employment outcomes for individuals with brain injuries and other neurological disorders. Training and employment occurs in a customized cookie bakery and delivery business. It provides the missing vocational elements in their Work Oriented NeuroRehabilitation Program to promote job success.
(6) CHAIR SCHOLARS FOUNDATION
16101 CARENCIA LANE
ODESSA,FL33556 		65-0442193 501(c)(3) 15,000       To provide college tuition support to high school seniors with severe physical disabilities residing in the New York Metropolitan area. neurological disorders. Training and employment occurs in a customized cookie bakery and delivery business. It provides the missing vocational elements in their Work Oriented NeuroRehabilitation Program to promote job success.
(7) CHESHIRE HOME
9 RIDGEDALE AVENUE
FLORHAM PARK,NJ07932 		22-1936587 501(c)(3) 38,000       To provide training that teaches disadvantaged young people with disabilities to use adaptive technology and gain computer proficiencies they will apply to employment and higher education.
(8) County of Bergen - Department of Human Services
One Bergen County Plaza 2nd Floor
Hackensack,NJ07601 		22-6002426 501(c)(3) 15,000       Grant paid to fulfill the Organization's mission of improving the quality of life for people with physical disabilities. BY PREPARING THEM FOR THE WORKPLACE, AND
(9) JEWISH COMMUNITY CENTER IN MANHATTAN INC
334 AMSTERDAM AVENUE
NEW YORK,NY10023 		13-3490745 501(c)(3) 20,000       Grant paid to fulfill the Organization's mission of improving the quality of life for people with physical disabilities.
(10) JEWISH SERVICE FOR THE DEVELOPMENTALLY DISABLED MW
395 PLEASANT VALLEY WAY
WEST ORANGE,NJ07052 		22-2281774 501(c)(3) 25,000       Grant paid to fulfill the Organization's mission of improving the quality of life for people with physical disabilities.
(11) KEAN UNIVERSITY FOUNDATION INC
1000 MORRIS AVENUE
UNION,NJ07083 		22-2849480 501(c)(3) 13,000       Grant paid to fulfill the Organization's mission of improving the quality of life for people with physical disabilities.
(12) LADACIN NETWORK
1701 KNEELEY BOULEVARD
WANAMASSA,NJ07712 		21-0674715 501(c)(3) 40,000       To launch a document management project , including document imaging, retention, and shredding, which offers people with disabilities competitive employment opportunities.
(13) MATHENY MEDICAL AND EDUCATIONAL CENTER
65 HIGHLAND AVENUE
PEAPACK,NJ07977 		22-1482276 501(c)(3) 35,000       To provide prevocational opportunities for persons served (students and adults), including collaboration with community organizations, volunteering, in-house and community vocational opportunities and experiences.
(14) NATIONAL MULTIPLE SCLEROSIS SOCIETY - GDV CHAPTER
30 SOUTH 17TH STREET SUITE 800
PHILADELPHIA,PA19103 		23-1401535 501(c)(3) 23,350       Grant paid to fulfill the Organization's mission of improving the quality of life for people with physical disabilities.
(15) NATIONAL MULTIPLE SCLEROSIS SOCIETY NJ METRO
246 MONMOUTH ROAD
OAKHURST,NJ07755 		22-6080521 501(c)(3) 15,000       To educate and empower people with MS and other disabilities and the people who employ them
(16) NATIONAL DISABILITY INSTITUTE
1667 K STREET NW SUITE 640
WASHINGTON,DC20006 		20-4205838 501(c)(3) 484,452       Grant paid to fulfill the Organization's mission of improving the quality of life for people with physical disabilities.
(17) NEWARK ALLIANCE INC
744 BROAD STREET SUITE 1705
NEWARK,NJ07102 		22-3664305 501(c)(3) 25,000       Grant paid to fulfill the Organization's mission of improving the quality of life for people with physical disabilities.
(18) NEW YORK SERVICE FOR THE HANDICAPPED
1140 BROADWAY SUITE 903
NEW YORK,NY07002 		13-5674230 501(c)(3) 40,000       To engage adolescents/young adults with physical disabilities in a 6 week residential summer program where they will receive support and training in the areas of physical independence, vocational skills and in literacy.
(19) NORTH JERSEY NAVIGATORS
PO BOX 1517
BAYONNE,NJ07002 		22-0007488 501(c)(3) 60,000       To engage young people in special recreational and competitive adaptive programs that have been specially designed to develop and enhance the mobility skills of children and youth with physical disabilities.
(20) OPPORTUNITY PROJECT INC
60 EAST WILLOW STREET
MILLBURN,NJ07041 		22-3242203 501(c)(3) 40,000       Grant paid to fulfill the Organization's mission of improving the quality of life for people with physical disabilities.
(21) PATHWAYS FOR EXCEPTIONAL CHILDREN
4 CHEROKEE COURT
MONTVILLE,NJ07045 		05-0547509 501(c)(3) 35,000       Grant paid to fulfill the Organization's mission of improving the quality of life for people with physical disabilities.
(22) PUSH TO WALK
6 NORTH CORPORATE DRIVE
RIVERDALE,NJ07457 		20-8059368 501(c)(3) 15,000       Grant paid to fulfill the Organization's mission of improving the quality of life for people with physical disabilities.
(23) PRIDE INDUSTRIES
10030 FOOTHILLS BOULEVARD
ROSEVILLE,CA95747 		94-1650529 501(c)(3) 25,000       Grant paid to fulfill the Organization's mission of improving the quality of life for people with physical disabilities.
(24) RAISE HOPE FOUNDATION
21 LAUREL COURT
VERONA,NJ07044 		27-2461923 501(c)(3) 30,000       Grant paid to fulfill the Organization's mission of improving the quality of life for people with physical disabilities.
(25) SENIOR CITIZENS COMMUNITY SERVICES
146 BLACK HORSE PIKE
MOUNT EPHRAIM,NJ08059 		22-2283793 501(c)(3) 25,000       Grant paid to fulfill the Organization's mission of improving the quality of life for people with physical disabilities.
(26) WASHINGTON CENTER FOR INTERNSHIPS AND SEMINARS
1333 16TH STREET NW
WASHINGTON DC,DC20036 		52-1019820 501(c)(3) 25,000       Public Service Internship Program for College Students with Disabilities to offer an internship program which enables students with disabilities from New Jersey to learn and develop skills, engage in productive work, and participate fully in their communities.
(27) THE CEREBRAL PALSY LEAGUE INC
61 MYRTLE STREET
CRANFORD,NJ07016 		22-1532195 501(c)(3) 50,000       Grant paid to fulfill the Organization's mission of improving the quality of life for people with physical disabilities.
(28) CEREBRAL PALSY OF NORTH JERSEY
220 SOUTH ORANGE AVE STE 300
LIVINGSTON,NJ07039 		22-6069076 501(C)(3) 31,320       Grant paid to fulfill the Organization's mission of improving the quality of life for people with physical disabilities.
(29) DAWN CENTER FOR INDEPENDENT LIVING INC
30 BROAD STREET SUITE 5
DENVILLE,NJ07834 		22-3496995 501(C)(3) 45,000       Grant paid to fulfill the Organization's mission of improving the quality of life for people with physical disabilities.
(30) EASTER SEALS NEW JERSEY
25 KENNEDY BOULEVARD SUITE 600
EAST BRUNSWICK,NJ08816 		22-1508591 501(C)(3) 40,000       Grant paid to fulfill the Organization's mission of improving the quality of life for people with physical disabilities.
(31) UNIVERSITY OF MINNESOTA - INSTITUTE ON COMM INTEGR
335 GEORGE STREET PO BOX 2688
NEW BRUNSWICK,NJ08903 		41-6007513 501(C)(3) 50,000       Grant paid to fulfill the Organization's mission of improving the quality of life for people with physical disabilities.
(32) CITY WITHOUT WALLS
6 CRAWFORD STREET
NEWARK,NJ07201 		22-2119859 501(C)(3) 15,000       Grant paid to fulfill the Organization's mission of improving the quality of life for people with physical disabilities.
(33) DISABILITY FUNDERS NETWORK
13725 SYCAMORE VILLAGE DRIVE
MIDLOTHIAN,VA23114 		20-1642812 501(C)(3) 25,000       Grant paid to fulfill the Organization's mission of improving the quality of life for people with physical disabilities.
(34) HELDRICH CENTER
30 LIVINGSTON AVENUE
NEW BRUNSWICK,NJ08901 		22-6001086   45,050       Grant paid to fulfill the Organization's mission of improving the quality of life for people with physical disabilities.
(35) Perlman Music Program Suncoast Inc
PO Box 3407
Sarasota,FL342303407 		26-2714384 501(c)(3) 5,250       Grant paid to fulfill the Organization's mission of improving the quality of life for people with physical disabilities.
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................ Bullet Image
 
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2012

Schedule I (Form 990) 2012
Page 2
Part III
Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients		 (c)Amount of
cash grant		 (d)Amount of
non-cash assistance		 (e)Method of valuation (book,
FMV, appraisal, other)		 (f)Description of non-cash assistance
(1) JOHN WHYTE   50,000      












Part IV
Supplemental Information.
Complete this part to provide the information required in Part I, line 2, Part III, column (b), and any other additional information.
Identifier Return Reference Explanation
PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN US SCHEDULE I, PAGE I, PART I, LINE 2 THE ORGANIZATION REQUIRES PERIODIC REPORTS FROM GRANTEES ON PROGRESS TOWARDS MEETING THE GOALS OF THE PROJECTS IT FUNDS AS WELL AS THE EXPENDITUREs OF THE FUNDS. LARGER GRANTS REQUIRE AN OUTSIDE EVALUATOR TO ASSESS THE ACHIEVEMENTS OF THE PROJECTS.
Schedule I (Form 990) 2012


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Software Version:  


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
SchJMediumBullet Attach to Form 990. SchJMediumBullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
KESSLER FOUNDATION INC
 
Employer identification number

31-1562134
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all officers,
directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? .......
2
Yes
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ................
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
 
No
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.
5
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
No
b
Any related organization? .........................
5b
 
No
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
No
b
Any related organization? .........................
6b
 
No
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
No
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2012

Schedule J (Form 990) 2012
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation
reported as deferred
in prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
(1)RODGER DEROSEPRESIDENT AND CEO (i)
(ii)		 512,248
0 		 
0 		 
0 		20,000
0 		123,621
0 		655,869
0 		 
0
(2)JOHN DELUCAVICE PRESIDENT-RESEARCH (i)
(ii)		 287,367
0 		0
0 		0
0 		20,000
0 		57,574
0 		364,941
0 		0
0
(3)ANNA BARRETTLAB DIRECTOR (i)
(ii)		 240,435
0 		0
0 		0
0 		19,192
0 		44,598
0 		304,225
0 		0
 
(4)PAUL DOMBROWSKIDIRECTOR - IT DEPARTMENT (i)
(ii)		 164,220
0 		0
0 		0
0 		12,838
0 		28,568
0 		205,626
0 		0
0
(5)NANCY CHIARAVALOTTILAB DIRECTOR (i)
(ii)		 197,113
0 		0
0 		0
0 		15,107
0 		35,959
0 		248,179
0 		0
 
(6)ANNE AMMONSVICE PRESIDENT - FINANCE (i)
(ii)		 275,265
0 		0
0 		0
0 		20,000
0 		54,019
0 		349,284
0 		0
0
(7)GUANG YUELAB DIRECTOR (i)
(ii)		 217,783
0 		0
0 		0
0 		8,453
0 		48,683
0 		274,919
0 		0
0
(8)MOOYEON OH-PARKAssistant Director (i)
(ii)		 157,377
0 		0
  		0
  		5,697
  		33,698
  		196,772
0 		0
 
Schedule J (Form 990) 2012

Schedule J (Form 990) 2012
Page 3
Part III
Supplemental Information
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.
Also complete this part for any additional information.
Identifier Return Reference Explanation
HEALTH CLUB DUES SCHEDULE J, PART I, LINE 1A THE FOUNDATION MAY ELECT TO REIMBURSE EMPLOYEES FOR HEALTH CLUB DUES UP TO A MAXIMUM OF $1,600 ANNUALLY.
Schedule J (Form 990) 2012

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Software Version:  
SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
KESSLER FOUNDATION INC
 
Employer identification number

31-1562134
Identifier Return Reference Explanation
990 REVIEW PROCESS 990, PAGE 6, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE AND THE BOARD OF TRUSTEES BEFORE IT IS FILED. ALL TRUSTEES RECEIVE A COPY OF THE FORM 990.
CONFLICT OF INTEREST POLICY MONITORING AND ENFORCEMENT 990, PAGE 6, PART VI, SECTION B, LINE 12C TO REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY, THE ORGANIZATION REQUIRES OFFICERS, TRUSTEES, AND ALL EMPLOYEES TO ANNUALLY DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS, ALONG WITH REQUIRING THEM TO ANNUALLY SIGN A CONFLICT OF INTEREST QUESTIONNAIRE. CONFLICTS OF INTEREST AMONG TRUSTEES ARE REVIEWED BY THE EXECUTIVE COMMITTEE AND TRUSTEES RECUSE THEMSELVES FROM DISCUSSION RELATED TO MATTERS WHERE A CONFLICT MAY EXIST. EMPLOYEE CONFLICTS OF INTEREST ARE REVIEWED AND MONITORED BY MANAGEMENT TO ENSURE THAT THESE CONFLICTS DO NOT POSE A HARDSHIP TO THE ORGANIZATION NOR GAIN TO THE EMPLOYEE.
PROCESS FOR DETERMINING COMPENSATION 990, PAGE 6, PART VI, SECTION B, LINE 15A & B CEO SALARY IS DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, AND THEN APPROVED BY THE BOARD. OTHER STAFF COMPENSATION IS RECOMMENDED BY MANAGERS, APPROVED BY THE CEO, AND REVIEWED BY THE COMPENSATION COMMITTEE. IN 2010, A REVIEW OF EXECUTIVE COMPENSATION AND OTHER SENIOR STAFF COMPENSATION WAS CONDUCTED BY AN INDEPENDENT THIRD PARTY AND REVIEWED BY THE BOARD. IT WAS DETERMINED AT THAT TIME THAT ALL COMPENSATION WAS LESS THAN OR EQUAL TO COMPARABLE POSITIONS IN LIKE ORGANIZATIONS. CEO COMPENSATION IS PERIODICALLY REVIEWED BY AN INDEPENDENT THIRD PARTY AND RESULTS ARE REPORTED TO THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE ANNUALLY REVIEWS CEO PERFORMANCE AND THE CEO'S EMPLOYMENT CONTRACT AND RECOMMENDS ADJUSTMENTS TO CEO COMPENSATION TO THE BOARD OF TRUSTEES. AN INDEPENDENT REVIEW OF CEO COMPENSATION WAS CONDUCTED IN JANUARY 2013.
AVAILABILITY OF DOCUMENTS TO THE PUBLIC 990, PAGE 6, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. THE ORGANIZATION ALSO MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2012

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