Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE ASSOCIATION HAS MEMBERS. ALL ENLISTED TROOPERS OF THE NEW JERSEY STATE POLICE BELOW THE RANK OF SERGEANT ARE ELIGIBLE FOR MEMBERSHIP. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS ARE ENTITLED TO VOTE TO ELECT THE MEMBERS OF THE GOVERNING BOARD. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE MEMBERS ARE ELIGIBLE TO VOTE ON APPROVING CHANGES IN THE ORGANIZATION'S BYLAWS AND APPROVING OTHER SIGNIFICANT DECISIONS OF THE GOVERNING BOARD. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE PRESIDENT AND TREASURER REVIEW THE FORM 990 BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORGANIZATION'S BOARD PERIODICALLY REVIEWS AND ESTABLISHES THE OFFICERS COMPENSATION AND ESTABLISHES THE COMPENSATION FOR THE EMPLOYEES. COMPENSATION IS DETERMINED BASED ON PERFORMANCE AND ECONOMIC FACTORS. PERIODICALLY THE BOARD WILL EXAMINE THE COMPENSATION OF SIMILAR POSITIONS IN THE IMMEDIATE GEOGRAPHIC AREA AS WELL AS THOSE THROUGHOUT THE REGION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 1024, FINANCIAL STATEMENTS AND FORM 990 AVAILABLE UPON REQUEST. INTERESTED PARTIES SHOULD CONTACT THE PRESIDENT AT 2634 HIGHWAY 70, MANASQUAN, NJ 08736 TO REQUEST A COPY OF ANY OF THE DOCUMENTS. THE ORGANIZATION FREELY DISTRIBUTES ITS DOCUMENTS (FINANCIAL STATEMENTS, TAX EXEMPTION LETTER, CONFLICT OF INTEREST POLICY, ETC) UPON REQUEST. |
| FORM 990 PG 12 PART XII LINE 1 MODIFIED CASH | THE MODIFIED CASH BASIS IS A METHOD THAT COMBINES ELEMENTS OF THE TWO MAJOR BOOKKEEPING PRACTICES: CASH AND ACCRUAL ACCOUNTING. IT SEEKS TO GET THE BEST OF BOTH WORLDS, RECORDING SALES AND EXPENSES FOR LONG-TERM ASSETS ON AN ACCRUAL BASIS AND THOSE OF SHORT-TERM ASSETS ON A CASH BASIS. THE GOAL IS TO PROVIDE A CLEARER FINANCIAL PICTURE WITHOUT DEALING WITH THE COSTS OF SWITCHING TO FULL-BLOWN ACCRUAL ACCOUNTING. IN PREVIOUS YEARS, THE ASSOCIATION PREPARED ITS FINANCIAL STATEMENTS USING U.S. GAAP, WHICH WAS SUBSTANTIALLY THE SAME AS THE MODIFIED CASH BASIS OF ACCOUNTING. IN 2019, THE ASSOCIATION ADOPTED THE MODIFIED CASH BASIS OF ACCOUNTING FOR FINANCIAL STATEMENT REPORTING AND TAX RETURN PREPARATION. SINCE THERE WERE NO SUBSTANTIVE DIFFERENCES BETWEEN U.S. GAAP AND THE MODIFIED CASH BASIS OF ACCOUNTING, NO RESTATEMENT OF THE PREVIOUSLY ISSUED FINANCIAL STATEMENTS AND TAX RETURNS WERE NECESSARY TO CONVERT THEM TO THE MODIFIED CASH BASIS OF ACCOUNTING. |
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