Form 990 for tax year 2022
Filed by NJEA FREDERICK L HIPP FOUNDATION FOR EXCELLENCE IN EDUCATION.
Totals
- Total revenue
- $302,275
- Total expenses
- $135,187
- Contributions and grants received
- $69,440
- Grants paid
- $107,091
- Program service revenue
- $6,339
- Investment income
- $226,496
- Other revenue
- $0
- Total assets, end of year
- $4,439,639
- Total liabilities, end of year
- $93,387
- Net assets or fund balances, end of year
- $4,346,252
- Program services expenses (Part IX)
- $107,091
- Management and general expenses
- $28,096
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $107,091
Program services were 79.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$69,440
-
2a · Program service revenue: OTHER INCOME
total $6,339 · related or exempt $6,339
-
3 · Investment income
total $249,439 · excluded $249,439
-
7a · Gross sales of assets other than inventory
securities $296,605
-
7b · Less cost or other basis and sales expenses
securities $319,548
-
7c · Gain or loss
securities -$22,943
-
7d · Net gain or loss
total -$22,943 · excluded -$22,943
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $107,091 · program services $107,091
-
11f · Fees: investment management
total $8,741 · management and general $8,741
-
13 · Office expenses
total $9,764 · management and general $9,764
-
14 · Information technology
total $6,900 · management and general $6,900
-
23 · Insurance
total $2,648 · management and general $2,648
-
24a · Other expenses: FUNDRAISING EXPENSES
total $43 · management and general $43
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $50,925 · end of year $131,632
-
11 · Investments: publicly traded securities
beginning of year $4,090,907 · end of year $4,303,248
-
15 · Other assets
beginning of year $3,029 · end of year $4,759
-
17 · Accounts payable and accrued expenses
beginning of year $37,900 · end of year $37,900
-
18 · Grants payable
beginning of year $31,190 · end of year $55,402
-
25 · Other liabilities
beginning of year $14 · end of year $85
-
27 · Net assets without donor restrictions
beginning of year $300,000 · end of year $300,000
-
28 · Net assets with donor restrictions
beginning of year $3,775,757 · end of year $4,046,252
Mission and programs · 2022
Mission
THE FOUNDATION WAS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, TO ADVANCE AND IMPROVE THE QUALITY OF EDUCATION AND THE TEACHING PROFESSION IN NEW JERSEY THROUGH THE STUDY, CREATION AND FUNDING OF INNOVATIVE PROGRAMS OR PROJECTS WHICH WILL FURTHER EDUCATIONAL AND INSTRUCTIONAL EXCELLENCE.
-
GRANTS PAID TO ORGANIZATIONS ASSOCIATED WITH THE EDUCATIONAL COMMUNITY FOR THE PURPOSE OF IMPROVING THE QUALITY OF EDUCATION AND TEACHING PROFESSION IN NEW JERSEY.
Expenses $107,091 · Grants $107,091 · Revenue $6,339
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
STEVE BEATTY
VICE PRESIDENT
- Total calculated
- $338,968
- From this org
- $0
- From related orgs
- $277,827
- Other
- $61,141
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $277,827 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $33,074 related
- Nontaxable benefits
- $0 + $28,067 related
- Filer's total
- $0 + $338,968 related
-
PETAL T ROBERTSON
SECRETARY-TREASURER
- Total calculated
- $318,867
- From this org
- $0
- From related orgs
- $271,670
- Other
- $47,197
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $271,670 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $28,405 related
- Nontaxable benefits
- $0 + $18,792 related
- Filer's total
- $0 + $318,867 related
-
MARIE E BLISTAN
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 2 + 40 related
-
ROBERT M LAMORTE
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
FRANCISCO C BARQUIN
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
COLLEEN C GILMARTIN
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
CHRISTINE SAMPSON-CLARK
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
ANITA KOBER
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
RICHARD F D'AVANZO
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
RONALD F GRECO
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
PETER A HELFF
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
RYAN GRIFFIN
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
JANIE JONES-BROWN
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
SUSAN S BUTTERFIELD
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
SUSAN MCBRIDE
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
PETER J MORAN
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
ASHANTI T RANKIN
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
BRENDA BRATHWAITE
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
MARILYN EDGE
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
LOIS YUKNA
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
LAURIE GIBSON-PARKER
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
KERRI LEE FARRELL
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
AMY L SALINGER
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
STEVEN C KOUMOULIS
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
ESTHER A FLETCHER
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
TAMMI J LEE
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
SUSAN R VALA
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
SARAH M ADAMO
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
TAMARA Y BEATTY
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
HEIDI C BRACHE
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
TEMIKA LANGSTON-MYERS
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
CARLA MANCUSO
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
DAWN A NICHOL-MANNING
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
BARBARA B RHEAULT
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
LISA M SIMONE
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
MELISSA TOMLINSON
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
JOAN M WRIGHT
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
STACY A YANKO
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
MARK RICHARDS
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
MATTHEW R YURO
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
NEW JERSEY EDUCATION ASSOCIATION
501(C)(5) · LABOR ORGANIZATION · NJ
-
NJEA EMPLOYEES' RETIREMENT TRUST FUND
401(A)/501(A) · PENSION FUND · NJ
-
NJEA SUPPLEMENTAL SAVINGS PLAN
401(A)/501(A) · PENSION FUND · NJ
-
NJEA HEALTH AND WELFARE BENEFITS PLAN
501(C)(9) · WELFARE BENEFIT FUND · NJ
-
NEW JERSEY EDUCATION ASSOCIATION POLITICAL ACTION COMMITTEE
SECTION 527 · POLITICAL ACTION COMMITTEE · NJ
-
NJEA BOLIVAR L GRAHAM INTERN FOUNDATION
501(C)(3) · CHARITABLE ORGANIZATION · NJ
-
PAUL DIMITRIADIS RIGHTS FUND INC
501(C)(5) · LABOR ORGANIZATION · NJ
-
SECTION 527 · WELFARE BENEFIT FUND · NJ
-
SECTION 527 · POLITICAL ACTION COMMITTEE · NJ
-
501(C)(3) · CHARITABLE ORGANIZATION · NJ
-
NJEA TEACHERS LEADER ACADEMY INC
501(C)(3) · SCHOOL · NJ
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 July 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431949349301028
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