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Nonprofiteer
← ISLES COMMUNITY FOUNDATION INC

Form 990 for tax year 2022

Filed by ISLES COMMUNITY FOUNDATION INC.

Totals

Total revenue
$1,250
Total expenses
$31
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$1,250
Total assets, end of year
$2,703,988
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,703,988
Program services expenses (Part IX)
$31
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$31

Program services were 100.0% 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.

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $1,250 · excluded $1,250

  • 11e · Other revenue, total

    $1,250

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: LICENSING AND FEES

    total $31 · program services $31

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,080 · end of year $13,049

  • 15 · Other assets

    beginning of year $2,689,689 · end of year $2,690,939

  • 27 · Net assets without donor restrictions

    beginning of year $2,702,769 · end of year $2,703,988

Mission and programs · 2022

Mission

THE FOUNDATION ACTS AS A SUPPORTING ORGANIZATION FOR ISLES, INC. AS DESCRIBED IN SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION MANAGES THE INVESTMENT ACTIVITIES OF ISLES, INC.

Activities or mission (Part I)

TO MANAGE INVESTMENT ACTIVITIES FOR ISLES, INC.

  • MANAGEMENT OF THE INVESTMENT ACTIVITIES OF ISLES, INC.

    Expenses $31

As filed on the 2022 return.

Listed in Part VII

  • Martin Johnson

    TRUSTEE AND EX-OFFICIO

    Total calculated
    $67,037
    From this org
    $0
    From related orgs
    $57,619
    Other
    $9,418
    Hours/week
    1 + 23 related

  • John Hart

    CHIEF OPERATING OFFICER /

    Total calculated
    $121,984
    From this org
    $0
    From related orgs
    $111,753
    Other
    $10,231
    Hours/week
    2 + 38 related

  • Richard Simkus

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Sean Jackson

    CHAIRMAN AND PRESIDENT

    Total calculated
    $138,419
    From this org
    $0
    From related orgs
    $134,135
    Other
    $4,284
    Hours/week
    2 + 38 related

  • Gary Gray

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Karen McGuinness

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Nordquist

    MANAGING DIRECTOR

    Total calculated
    $88,330
    From this org
    $0
    From related orgs
    $85,570
    Other
    $2,760
    Hours/week
    0.5 + 40 related

  • Peter Rose

    MANAGING DIRECTOR

    Total calculated
    $94,883
    From this org
    $0
    From related orgs
    $84,359
    Other
    $10,524
    Hours/week
    0.5 + 40 related

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.

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.

  • ISLES PROPERTIES INC

    501(C)(2) · HOLDING COMPANY OF REAL ESTATE PROPERTY FOR FOR ISLES, INC.'S EXEMPT PURPOSE · NJ

    Directly controlled by ISLES INC

  • ISLES INC

    501(C)(3) · PROVIDES HOUSING, GARDENING, RECREATION, AND ENVIRONMENTAL EDUCATION · NJ

  • ISLES E4 INC

    501(C)(3) · TRAIN INDIVIDUALS TO PERFORM WEATHERIZATION SERVICE TO LOW INCOME HOUSEHOLDS · NJ

    Directly controlled by ISLES INC

  • ISLES COMMUNITY ENTERPRISES

    501(C)(3) · TO PROVIDE EDUCATION, TRAINING, & FINANCING TO DISTRESSED COMMUNITIES · NJ

    Directly controlled by ISLES INC

  • ISLES MILL 57 INC

    501(C)(3) · ACQUIRE, HOLD, & SELL REAL PROPERTY TO SUPPORT OTHER 501(C)(3) ORGANIZATIONS · NJ

    Directly controlled by ISLES INC

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202333129349304588

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