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Nonprofiteer
← BANCROFT A NEW JERSEY NONPROFIT CORPORATION

Form 990 for tax year 2024

Filed by BANCROFT A NEW JERSEY NONPROFIT CORPORATION.

Totals

Total revenue
$286,765,384
Total expenses
$271,108,386
Contributions and grants received
$31,378,948
Grants paid
$0
Program service revenue
$251,218,534
Investment income
$4,203,145
Other revenue
-$35,243
Total assets, end of year
$245,127,955
Total liabilities, end of year
$165,587,458
Net assets or fund balances, end of year
$79,540,497
Program services expenses (Part IX)
$230,062,307
Management and general expenses
$39,886,351
Fundraising expenses
$1,159,728
Program service expenses (Part III)
$230,062,307

Program services were 84.9% 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.

  • 1c · Fundraising events

    $302,220

  • 1e · Government grants (contributions)

    $28,920,261

  • 1f · All other contributions, gifts and grants

    $2,156,467

  • 1g · Noncash contributions included above

    $31,306

  • 2a · Program service revenue: NET CLIENT REVENUE

    total $251,218,534 · related or exempt $251,218,534

  • 3 · Investment income

    total $3,020,592 · excluded $3,020,592

  • 7a · Gross sales of assets other than inventory

    securities $7,831,088 · other assets $228,607

  • 7b · Less cost or other basis and sales expenses

    securities $6,514,128 · other assets $363,014

  • 7c · Gain or loss

    securities $1,316,960 · other assets -$134,407

  • 7d · Net gain or loss

    total $1,182,553 · excluded $1,182,553

  • 8a · Fundraising events: gross income

    $135,200

  • 8a · Fundraising events: contributions included on line 1c

    $302,220

  • 8b · Fundraising events: direct expenses

    $195,959

  • 8c · Net income from fundraising events

    total -$60,759 · excluded -$60,759

  • 11a · Other revenue: INTEREST-SPLIT DOLLAR

    total $25,516 · excluded $25,516

  • 11e · Other revenue, total

    $25,516

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,800,621 · program services $1,080,373 · management and general $720,248

  • 7 · Other salaries and wages

    total $163,210,354 · program services $149,710,536 · management and general $12,928,561 · fundraising $571,257

  • 8 · Pension plan contributions

    total $1,954,736 · program services $1,824,999 · management and general $126,099 · fundraising $3,638

  • 9 · Other employee benefits

    total $27,424,480 · program services $25,895,590 · management and general $1,480,497 · fundraising $48,393

  • 10 · Payroll taxes

    total $12,148,373 · program services $11,115,140 · management and general $993,295 · fundraising $39,938

  • 11b · Fees: legal

    total $611,176 · program services $39,311 · management and general $571,865

  • 11c · Fees: accounting

    total $97,809 · program services $50,621 · management and general $47,188

  • 11d · Fees: lobbying

    total $121,345 · management and general $121,345

  • 11f · Fees: investment management

    total $130,380 · management and general $130,380

  • 11g · Fees: other

    total $10,717,543 · program services $3,330,881 · management and general $7,364,820 · fundraising $21,842

  • 12 · Advertising and promotion

    total $343,714 · program services $311,596 · management and general $32,118

  • 13 · Office expenses

    total $15,527,763 · program services $11,334,451 · management and general $3,914,012 · fundraising $279,300

  • 14 · Information technology

    total $2,872,118 · program services $383,719 · management and general $2,461,057 · fundraising $27,342

  • 16 · Occupancy

    total $11,044,468 · program services $10,331,750 · management and general $712,718

  • 17 · Travel

    total $3,481,094 · program services $2,800,779 · management and general $678,541 · fundraising $1,774

  • 19 · Conferences, conventions and meetings

    total $211,450 · program services $103,891 · management and general $106,012 · fundraising $1,547

  • 20 · Interest

    total $5,204,341 · program services $3,941,816 · management and general $1,262,362 · fundraising $163

  • 22 · Depreciation, depletion and amortization

    total $8,779,693 · program services $6,997,387 · management and general $1,777,983 · fundraising $4,323

  • 23 · Insurance

    total $3,575,318 · program services $10,996 · management and general $3,562,709 · fundraising $1,613

  • 24a · Other expenses: RECRUITMENT

    total $894,608 · program services $67 · management and general $894,541

  • 24b · Other expenses: RESIDENT ACTIVITIES

    total $587,282 · program services $428,684 · fundraising $158,598

  • 24c · Other expenses: BAD DEBT

    total $369,720 · program services $369,720

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,755,401 · end of year $10,194,510

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $3,263,360

  • 3 · Pledges and grants receivable

    beginning of year $699,396 · end of year $1,098,816

  • 4 · Accounts receivable

    beginning of year $27,715,537 · end of year $27,696,720

  • 5 · Loans and receivables from officers and key people

    beginning of year $747,336 · end of year $984,706

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,682,222 · end of year $2,909,908

  • 10a · Land, buildings and equipment: cost or other basis

    $186,389,411

  • 10b · Land, buildings and equipment: accumulated depreciation

    $67,601,418

  • 10c · Land, buildings and equipment, net

    beginning of year $118,091,873 · end of year $118,787,993

  • 11 · Investments: publicly traded securities

    beginning of year $34,189,038 · end of year $37,874,822

  • 13 · Investments: program-related

    beginning of year $57,633 · end of year $57,633

  • 14 · Intangible assets

    beginning of year $241,782 · end of year $0

  • 15 · Other assets

    beginning of year $47,763,909 · end of year $42,259,487

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,889,225 · end of year $33,397,695

  • 20 · Tax-exempt bond liabilities

    beginning of year $90,433,580 · end of year $88,018,243

  • 23 · Secured mortgages and notes payable

    beginning of year $16,066,276 · end of year $11,637,941

  • 24 · Unsecured notes and loans payable

    beginning of year $38,829,310 · end of year $32,533,579

  • 27 · Net assets without donor restrictions

    beginning of year $63,389,207 · end of year $79,049,433

  • 28 · Net assets with donor restrictions

    beginning of year $336,529 · end of year $491,064

Mission and programs · 2024

Mission

BANCROFT PROFOUNDLY IMPACTS CHILDREN AND ADULTS LIVING WITH DISABILITIES BY DELIVERING HIGH-QUALITY SERVICES TO EMPOWER THEM TO REALIZE THEIR BEST LIFE. SEE SCHEDULE O.BANCROFT IS A LEADING REGIONAL NONPROFIT PROVIDER OF PROGRAMS AND SERVICES FOR INDIVIDUALS WITH A VARIETY OF CHALLENGING DIAGNOSES, INCLUDING AUTISM, OTHER INTELLECTUAL AND DEVELOPMENTAL DISABILITIES, BRAIN INJURY AND SEVERE BEHAVIOR DISORDERS. BANCROFT SETS THE STANDARD OF EXCELLENCE IN SERVICES FOR PEOPLE WITH DISABILITIES AND PROFESSIONALS IN THE FIELD THROUGH A CULTURE OF LEARNING, INNOVATIVE TREATMENT, AND TRANSFORMATIONAL RESEARCH, ALL LEADING TO OUTSTANDING OUTCOMES.

Activities or mission (Part I)

PROGRAMS AND SERVICES FOR INDIVIDUALS WITH A VARIETY OF CHALLENGING DIAGNOSES.

  • BANCROFT OWNS AND OPERATES 4 SCHOOLS, 3 RESIDENTIAL CAMPUSES, 3 BANCROFT NEUROREHAB OUTPATIENT CENTERS AND OVER 240 GROUP HOMES/SUPPORTED APARTMENTS IN NEW JERSEY, PENNSYLVANIA AND DELAWARE SERVING APPROXIMATELY 2,200 INDIVIDUALS ANNUALLY. INTEGRATED HEALTH & WELLNESS: BANCROFT HEALTHCARE SERVICES ARE PROVIDED ON-SITE AND IN-PROGRAM BY A SPECIALIZED TEAM OF LICENSED INDEPENDENT PRACTITIONERS. THE TEAM IS RESPONSIBLE FOR INTERLACING MEDICAL CARE AND COORDINATING APPOINTMENTS AND MEDICAL INFORMATION FOR THE BETTERMENT OF THOSE WE SERVE. ONSITE MEDICAL AND PSYCHIATRY CARE IS AVAILABLE IN MANY LOCATIONS.(SEE SCHEDULE O)APPLIED BEHAVIOR ANALYSIS CENTER OF EXCELLENCE (ABA): DEDICATED TO ACHIEVING EVIDENCE-BASED OUTCOMES, BANCROFT'S ABA CENTER OF EXCELLENCE IS A UNIQUE RESOURCE IN THE REGION PROVIDING A TRULY UNPARALLELED PATH TO QUALITY OF LIFE FOR CHILDREN, ADULTS AND THEIR FAMILIES WHILE ENSURING INTERNAL CLINICAL QUALITY. BANCROFT NEUROREHAB: WORKING WITH INDIVIDUALS WITH NEUROLOGICAL AND DEVELOPMENTAL CHALLENGES, WE OPTIMIZE FUNCTIONING ACROSS ENVIRONMENTS THROUGH EVIDENCE-BASED EDUCATIONAL, CONSULTATIVE, REHABILITATION THERAPIES AND ACCESSIBILITY SERVICES.

    Expenses $230,062,307 · Revenue $251,218,534

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Toni Pergolin

    PRESIDENT AND CEO

    Total calculated
    $760,044
    From this org
    $707,840
    From related orgs
    $0
    Other
    $52,204
    Hours/week
    44 + 3 related

    Schedule J breakdown matched by us

    Base
    $625,860
    Bonus
    $80,000
    Other
    $1,980
    Deferred
    $29,900
    Nontaxable benefits
    $22,304
    Filer's total
    $760,044

  • Heather Steinmiller Esq

    CHAIRWOMAN

    Total calculated
    $0
    Hours/week
    1

  • John C Flamma Jr MD

    FIRST VICE CHAIR - UNTIL 06/25

    Total calculated
    $0
    Hours/week
    1

  • Lisa Alberts

    TRUSTEE

    Total calculated
    $550
    From this org
    $550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Ann T Anthony

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joseph C Atkinson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Martin A Bieber

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nathan Jon Blum MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Calvin L Cass

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Daniel Deitch Esq

    TRUSTEE (FROM 07/24)

    Total calculated
    $0
    Hours/week
    1

  • Derek S Green Esq

    TRUSTEE (FROM 07/24)

    Total calculated
    $0
    Hours/week
    1

  • Mary Griffin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • William Hooper Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Laura R Kuntz Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kriste A Lindenmeyer PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brad Molotsky Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Oderah Nwaeze Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jason Wolf

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James Wellons

    CLO/SECRETARY - UNTIL 08/24

    Total calculated
    $250,542
    From this org
    $235,945
    From related orgs
    $0
    Other
    $14,597
    Hours/week
    43 + 2 related

    Schedule J breakdown matched by us

    Base
    $213,221
    Bonus
    $0
    Other
    $22,724
    Deferred
    $4,419
    Nontaxable benefits
    $10,178
    Filer's total
    $250,542

  • Jennifer Cripps

    TREASURER/CFO

    Total calculated
    $368,858
    From this org
    $357,273
    From related orgs
    $0
    Other
    $11,585
    Hours/week
    43 + 4 related

    Schedule J breakdown matched by us

    Base
    $320,394
    Bonus
    $15,000
    Other
    $21,879
    Deferred
    $6,247
    Nontaxable benefits
    $5,338
    Filer's total
    $368,858

  • Angela Zografos

    GENERAL COUNSEL/SECRETARY(FROM 10/24)

    Total calculated
    $52,888
    From this org
    $52,888
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 4 related

  • Brian Hancock

    CHIEF PROGRAM OFFICER

    Total calculated
    $349,497
    From this org
    $288,617
    From related orgs
    $0
    Other
    $60,880
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,738
    Bonus
    $15,000
    Other
    $21,879
    Deferred
    $23,125
    Nontaxable benefits
    $37,755
    Filer's total
    $349,497

  • James Carlino

    CHIEF HR OFFICER - UNTIL 2/25

    Total calculated
    $325,674
    From this org
    $284,822
    From related orgs
    $0
    Other
    $40,852
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,413
    Bonus
    $15,000
    Other
    $23,409
    Deferred
    $21,979
    Nontaxable benefits
    $18,873
    Filer's total
    $325,674

  • Karen Lindgren

    CHIEF CLINICAL OFFICER

    Total calculated
    $295,862
    From this org
    $257,295
    From related orgs
    $0
    Other
    $38,567
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,576
    Bonus
    $15,000
    Other
    $22,719
    Deferred
    $2,648
    Nontaxable benefits
    $35,919
    Filer's total
    $295,862

  • Susan Piergallini

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $258,173
    From this org
    $239,818
    From related orgs
    $0
    Other
    $18,355
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,099
    Bonus
    $15,000
    Other
    $22,719
    Deferred
    $4,126
    Nontaxable benefits
    $14,229
    Filer's total
    $258,173

  • Rachel Bednarczyk

    CORPORATE CONTROLLER

    Total calculated
    $218,974
    From this org
    $212,134
    From related orgs
    $0
    Other
    $6,840
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,601
    Bonus
    $10,000
    Other
    $14,533
    Deferred
    $3,797
    Nontaxable benefits
    $3,043
    Filer's total
    $218,974

  • Nicole Kummer

    SVP, ADULT RESIDENTIAL SERVICES

    Total calculated
    $206,033
    From this org
    $203,400
    From related orgs
    $0
    Other
    $2,633
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,713
    Bonus
    $5,000
    Other
    $14,687
    Deferred
    $1,841
    Nontaxable benefits
    $792
    Filer's total
    $206,033

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

  • 1a · Tax indemnification and gross-up payments
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE ORGANIZATION PAYS THE TAXES ON CONTRIBUTIONS TO SERPS FOR THE EXECUTIVE TEAM. BOTH THE CONTRIBUTIONS AND THE RELATED TAXES ARE INCLUDED IN SCHEDULE J, PART II, COLUMN B(III) FOR ALL LISTED INDIVIDUALS.
PART I, LINES 4A-B:
LINE 4B: NONQUALIFIED DEFERRED COMPENSATION THE ORGANIZATION HAS A SPLIT DOLLAR POLICY WHICH IS DESCRIBED IN SCHEDULE L. ADDITIONALLY, SOME INDIVIDUALS LISTED ON PART VII PARTICIPATE IN AN INSURANCE POLICY PROGRAM - SEE SCHEDULE J, PART II, COLUMN B(III). PART I, LINE 7: NONFIXED PAYMENTS INCENTIVE COMPENSATION PAYMENTS WERE MADE TO MEMBERS OF THE EXECUTIVE TEAM, EXCEPT FOR TONI PERGOLIN, BASED ON PERFORMANCE METRICS OF ELIGIBLE EMPLOYEES AND AWARDED DISCRETIONARY BONUSES WHICH THEY CONSIDERED AS REASONABLE IN LIGHT OF THAT EMPLOYEE'S TOTAL COMPENSATION.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BRICK SNH URBAN RENEWAL LP

    LOW INCOME HOUSING · NJ

  • BNH URBAN RENEWAL LP

    RELATED · LOW INCOME HOUSING · NJ · 100% owned · share of income $50,712 · share of assets $1,730,919

    Directly controlled by BANCROFT

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BNH OF BRICK INC

    C · LOW INCOME HOUSING · NJ · 100% owned · share of income -$4 · share of assets $57,261 · controlled entity

    Directly controlled by BANCROFT

  • BNH OF ECHELON INC

    C · LOW INCOME HOUSING · NJ · 100% owned · share of income -$45,922 · share of assets -$302,992 · controlled entity

    Directly controlled by BANCROFT

  • CHAR REMAINDER ANNUITY TRUST (1)

    T · CHARITABLE TRUST · NJ · 100% owned

Provenance

Return type
form_990
Tax year
2024
Filed
8 May 2026
IRS schema version
2024v5.5
Source object
202601319349305330

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