| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP: | MEMBERSHIP IN THE CORPORATION IS OPEN TO ANY NEW JERSEY SCHOOL DISTRICT. EACH MEMBER DISTRICT SHALL BE ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11A 990 REVIEW PROCESS: | THE ORGANIZATION'S FEDERAL FORM 990 WAS PROVIDED TO EACH VOTING MEMBER OF ITS GOVERNING BODY, ITS BOARD OF TRUSTEES, PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE ("IRS"). AS PART OF THE TAX RETURN PREPARATION PROCESS THE ORGANIZATION HIRED A PROFESSIONAL CPA FIRM WITH EXPERIENCE AND EXPERTISE IN NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE ORGANIZATION'S EXECUTIVE DIRECTOR AND MANAGEMENT TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THE ORGANIZATION'S CEO FOR REVIEW. THE ORGANIZATION'S CEO REVIEWED THE DRAFT FEDERAL FORM 990 AND DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. REVISIONS WERE MADE TO THE DRAFT FEDERAL FORM 990 WHERE NECESSARY AND A FINAL DRAFT WAS FURNISHED BY THE CPA FIRM TO THE ORGANIZATION FOR FINAL REVIEW AND APPROVAL PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION: | THE EXECUTIVE COMMITTEE OF THE BOARD DRAFTS A CONTRACT FOR THE EXECUTIVE DIRECTOR FOR A ONE YEAR TERM. THE COMPENSATION IS BASED ON COMPARABLE POSITIONS AND RESPONSIBILITIES OF SIMILAR ORGANIZATIONS. THE CONTRACT IS SIGNED BY BOTH THE EXECUTIVE DIRECTOR, PRESIDENT AND TREASURER. |
| FORM 990, PART VI, SECTION C, LINE 19 PUBLIC AVAILABILITY: | THE ORGANIZATION'S FILED CERTIFICATE OF INCORPORATION AND ANY AMENDMENTS CAN BE OBTAINED AND REVIEWED THROUGH THE STATE OF NEW JERSEY DEPARTMENT OF THE TREASURY AND WILL BE MADE AVAILABLE UPON REQUEST. |
| FORM 990, PART VII TRUSTEES: | EACH SCHOOL DISTRICT HAS A REPRESENTATIVE TRUSTEE WHO SERVES A 3 YEAR TERM. THE REPRESENTATIVES WERE LISTED AS TRUSTEES ON PART VII. |
| Form 990, Part Xi, Line 9 - Other changes in net assets: | The amount reflected on Line 9 represents bad debt expense of $45,000. |
| FORM 990 PART IX LINE 11G | DESCRIPTION:PAYROLL EXPENSE TOTAL FEES:2039 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:PROJECT CONSULTANTS TOTAL FEES:48794 |
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