Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 3 | IN JULY 2014, THE ORGANIZATION'S BOARD OF TRUSTEES APPROVED A PLAN TO WIND-DOWN THE OPERATIONS, WHICH OCCURRED BY THE END OF 2014. THE ORGANIZATION'S ASSETS DECREASED FROM APPROXIMATELY $54 MILLION AT 12/31/13 TO APPROXIMATELY $5 MILLION AT 12/31/14. THESE ASSETS WERE USED TO FUND CONTRACT OBLIGATIONS TO THE ORGANIZATION'S SPONSORS AND THE NATIONAL FOOTBALL LEAGUE. THE ORGANIZATION WILL CONTINUE THEREAFTER AS A NON-OPERATING ENTITY. |
| FORM 990, PART V, LINE 2A | THE ORGANIZATION LEASES ITS EMPLOYEES FROM A THIRD PARTY PROFESSIONAL EMPLOYER SERVICE ORGANIZATION. THIS SERVICE ORGANIZATION REPORTS ALL EMPLOYEES AND EARNINGS UNDER ITS OWN TAX IDENTIFICATION NUMBER. FOR REPORTING PURPOSES, THE COMPENSATION PAID TO OFFICERS AND KEY EMPLOYEES HAS BEEN REFLECTED ON PART VII AND SCHEDULE J. IN ADDITION, INCLUDED IN PART VII IS $109,375 OF COMPENSATION FOR SALARIES, AND FRINGE BENEFITS REIMBURSED TO ANOTHER ORGANIZATION, AS DESCRIBED IN SCHEDULE L. |
| FORM 990, PART VI, SECTION B, LINE 11B | MANAGEMENT OF THE ORGANIZATION PROVIDES COPIES OF THE FORM 990 TO THE AUDIT COMMITTEE TO REVIEW. THE AUDIT COMMITTEE, BASED ON ITS REVIEW, RECOMMENDS TO THE BOARD OF TRUSTEES, ACTION TO BE TAKEN ON THE RETURN; BASED ON THIS RECOMMENDATION AND ITS OWN REVIEW, THE BOARD OF TRUSTEES MOVES FOR APPROVAL OF THE RETURN. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE ORGANIZATION CONSULTED WITH THE HAY GROUP, A COMPENSATION CONSULTANT, ON COMPENSATION DECISIONS. |
| FORM 990, PART VI, SECTION C, LINE 19 | EXCEPT TO THE EXTENT THAT GOVERNING DOCUMENTS ARE AVAILABLE THROUGH THE NJ SECRETARY OF STATE, THE ORGANIZATION GENERALLY DOES NOT MAKE ANY OF THESE DOUCMENTS AVAILABLE TO THE PUBLIC. |
| EXTENSION OF TIME TO FILE | APPLICATION FOR EXTENSION OF TIME TO FILE FOR AN EXEMPT ORGNAZATION WAS ELECTRONICALLY FILED. |
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