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← BANCROFT A NEW JERSEY NONPROFIT CORPORATION

Form 990 for tax year 2023

Filed by BANCROFT A NEW JERSEY NONPROFIT CORPORATION.

Totals

Total revenue
$266,495,785
Total expenses
$254,623,178
Contributions and grants received
$2,531,449
Grants paid
$0
Program service revenue
$260,937,565
Investment income
$3,111,294
Other revenue
-$84,523
Total assets, end of year
$241,944,127
Total liabilities, end of year
$178,218,391
Net assets or fund balances, end of year
$63,725,736
Program services expenses (Part IX)
$217,658,188
Management and general expenses
$36,332,670
Fundraising expenses
$632,320
Program service expenses (Part III)
$217,658,188

Program services were 85.5% 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

    $574,786

  • 1e · Government grants (contributions)

    $608,741

  • 1f · All other contributions, gifts and grants

    $1,347,922

  • 1g · Noncash contributions included above

    $26,295

  • 2a · Program service revenue: NET CLIENT REVENUE

    total $260,937,565 · related or exempt $260,937,565

  • 3 · Investment income

    total $2,771,654 · excluded $2,771,654

  • 7a · Gross sales of assets other than inventory

    securities $4,468,382 · other assets $365,436

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

    securities $4,332,327 · other assets $161,851

  • 7c · Gain or loss

    securities $136,055 · other assets $203,585

  • 7d · Net gain or loss

    total $339,640 · excluded $339,640

  • 8a · Fundraising events: gross income

    $156,700

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

    $574,786

  • 8b · Fundraising events: direct expenses

    $260,367

  • 8c · Net income from fundraising events

    total -$103,667 · excluded -$103,667

  • 11a · Other revenue: INTEREST-SPLIT DOLLAR

    total $19,144 · excluded $19,144

  • 11e · Other revenue, total

    $19,144

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,378,931 · program services $827,359 · management and general $551,572

  • 7 · Other salaries and wages

    total $156,863,374 · program services $141,733,761 · management and general $14,693,605 · fundraising $436,008

  • 8 · Pension plan contributions

    total $1,924,367 · program services $1,147,065 · management and general $764,710 · fundraising $12,592

  • 9 · Other employee benefits

    total $24,602,905 · program services $23,696,854 · management and general $871,142 · fundraising $34,909

  • 10 · Payroll taxes

    total $11,676,016 · program services $10,626,754 · management and general $1,017,540 · fundraising $31,722

  • 11b · Fees: legal

    total $345,797 · program services $25,576 · management and general $320,221

  • 11c · Fees: accounting

    total $232,772 · program services $96,552 · management and general $136,220

  • 11d · Fees: lobbying

    total $120,000 · management and general $120,000

  • 11f · Fees: investment management

    total $105,386 · management and general $105,386

  • 11g · Fees: other

    total $8,497,216 · program services $3,026,595 · management and general $5,440,346 · fundraising $30,275

  • 12 · Advertising and promotion

    total $398,503 · program services $239,445 · management and general $154,668 · fundraising $4,390

  • 13 · Office expenses

    total $11,794,609 · program services $10,581,044 · management and general $1,151,318 · fundraising $62,247

  • 14 · Information technology

    total $2,405,554 · program services $146,178 · management and general $2,255,998 · fundraising $3,378

  • 16 · Occupancy

    total $12,861,327 · program services $12,110,695 · management and general $750,632

  • 17 · Travel

    total $2,753,107 · program services $2,271,490 · management and general $481,268 · fundraising $349

  • 19 · Conferences, conventions and meetings

    total $154,789 · program services $66,239 · management and general $86,128 · fundraising $2,422

  • 20 · Interest

    total $5,650,806 · program services $3,764,016 · management and general $1,886,790

  • 22 · Depreciation, depletion and amortization

    total $8,607,037 · program services $4,816,980 · management and general $3,790,057

  • 23 · Insurance

    total $2,815,455 · program services $1,689,273 · management and general $1,126,182

  • 24a · Other expenses: RESIDENT ACTIVITIES

    total $478,653 · program services $478,653 · management and general $0 · fundraising $0

  • 24b · Other expenses: BANK CHARGES

    total $478,637 · program services $26,897 · management and general $437,712 · fundraising $14,028

  • 24c · Other expenses: RECRUITMENT

    total $477,937 · program services $286,762 · management and general $191,175 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,434,514 · end of year $10,755,401

  • 2 · Savings and temporary cash investments

    beginning of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0

  • 4 · Accounts receivable

    beginning of year $24,300,487 · end of year $27,715,537

  • 5 · Loans and receivables from officers and key people

    beginning of year $529,541 · end of year $747,336

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,496,080 · end of year $1,682,222

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

    $178,235,804

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

    $60,143,931

  • 10c · Land, buildings and equipment, net

    beginning of year $118,931,669 · end of year $118,091,873

  • 11 · Investments: publicly traded securities

    beginning of year $33,583,965 · end of year $34,189,038

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

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

  • 14 · Intangible assets

    beginning of year $314,912 · end of year $355,758

  • 15 · Other assets

    beginning of year $52,849,541 · end of year $48,349,329

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,893,286 · end of year $32,889,225

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $92,632,827 · end of year $90,433,580

  • 23 · Secured mortgages and notes payable

    beginning of year $21,172,347 · end of year $16,066,276

  • 24 · Unsecured notes and loans payable

    beginning of year $43,460,867 · end of year $38,829,310

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $47,836,663 · end of year $63,389,207

  • 28 · Net assets with donor restrictions

    beginning of year $2,502,352 · end of year $336,529

Mission and programs · 2023

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 FOR MORE INFORMATION.

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 $217,658,188 · Revenue $260,937,565

As filed on the 2023 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
    $721,154
    From this org
    $660,524
    From related orgs
    $0
    Other
    $60,630
    Hours/week
    44 + 1 related

    Schedule J breakdown matched by us

    Base
    $585,524
    Bonus
    $75,000
    Other
    $0
    Deferred
    $29,100
    Nontaxable benefits
    $31,530
    Filer's total
    $721,154

  • Heather Steinmilleresq

    CHAIRMAN

    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

  • John C Flamma Jr MD

    FIRST VICE CHAIR

    Total calculated
    $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

  • 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

  • Adam B Landau

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kriste A Lindenmeyer PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lisa Morina End 1223

    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

  • Shawn Ravitz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jason Wolf

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James Wellons

    CHIEF LEGAL OFFICER/SECRETARY

    Total calculated
    $344,967
    From this org
    $326,966
    From related orgs
    $0
    Other
    $18,001
    Hours/week
    43 + 2 related

    Schedule J breakdown matched by us

    Base
    $305,537
    Bonus
    $0
    Other
    $21,429
    Deferred
    $6,498
    Nontaxable benefits
    $11,503
    Filer's total
    $344,967

  • Jennifer Cripps

    TREASURER/CFO

    Total calculated
    $332,477
    From this org
    $325,532
    From related orgs
    $0
    Other
    $6,945
    Hours/week
    43 + 2 related

    Schedule J breakdown matched by us

    Base
    $304,103
    Bonus
    $0
    Other
    $21,429
    Deferred
    $6,085
    Nontaxable benefits
    $860
    Filer's total
    $332,477

  • Kathy Ross

    SECRETARY/EXEC LIASON (THRU 10/23)

    Total calculated
    $139,454
    From this org
    $108,767
    From related orgs
    $0
    Other
    $30,687
    Hours/week
    43 + 2 related

  • Brian Hancock

    CHIEF PROGRAM OFFICER

    Total calculated
    $301,206
    From this org
    $263,020
    From related orgs
    $0
    Other
    $38,186
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,770
    Bonus
    $15,250
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $38,186
    Filer's total
    $301,206

  • James Carlino

    CHIEF HR OFFICER

    Total calculated
    $291,867
    From this org
    $263,646
    From related orgs
    $0
    Other
    $28,221
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,217
    Bonus
    $0
    Other
    $21,429
    Deferred
    $5,337
    Nontaxable benefits
    $22,884
    Filer's total
    $291,867

  • Jane Femia Baider

    SENIOR VP, NEUROREHAB (THRU 11/23)

    Total calculated
    $276,816
    From this org
    $260,747
    From related orgs
    $0
    Other
    $16,069
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,125
    Bonus
    $0
    Other
    $37,622
    Deferred
    $5,195
    Nontaxable benefits
    $10,874
    Filer's total
    $276,816

  • Dennis Morgan

    SENIOR VP, CHLDRN SVCS (THRU 12/23)

    Total calculated
    $258,958
    From this org
    $249,730
    From related orgs
    $0
    Other
    $9,228
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,444
    Bonus
    $0
    Other
    $14,286
    Deferred
    $4,720
    Nontaxable benefits
    $4,508
    Filer's total
    $258,958

  • Judith London

    CHIEF STRATEGY OFFICER (THRU 06/24)

    Total calculated
    $272,350
    From this org
    $244,597
    From related orgs
    $0
    Other
    $27,753
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,168
    Bonus
    $0
    Other
    $21,429
    Deferred
    $4,869
    Nontaxable benefits
    $22,884
    Filer's total
    $272,350

  • Josephina Nash

    SENIOR VP, BUSINESS OPS (THRU 11/23)

    Total calculated
    $272,282
    From this org
    $244,595
    From related orgs
    $0
    Other
    $27,687
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,418
    Bonus
    $0
    Other
    $44,177
    Deferred
    $4,869
    Nontaxable benefits
    $22,818
    Filer's total
    $272,282

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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 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, LINES 4A-B
LINE 4A: SEVERANCE AMOUNTS PAID SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN JANE FEMIA BAIDER RECEIVED SEVERANCE OF $18,669 AND JOSEPHINA NASH RECEIVED SEVERANCE OF $16,606. THESE AMOUNTS ARE REPORTED ON SCHEDULE J, PART II, COLUMN B(III). 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 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

    RELATED · LOW INCOME HOUSING · NJ · 100% owned · share of income -$31,020 · share of assets $1,575,912 · general or managing partner

    Directly controlled by BANCROFT

  • BNH URBAN RENEWAL LP

    RELATED · LOW INCOME HOUSING · NJ · 100% owned · share of income $53,385 · share of assets $2,472,492 · general or managing partner

    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 -$3 · share of assets $57,265 · controlled entity

    Directly controlled by BANCROFT

  • BNH OF ECHELON INC

    C · LOW INCOME HOUSING · NJ · 100% owned · share of income $4 · share of assets -$302,992 · controlled entity

    Directly controlled by BANCROFT

  • CHAR REMAINDER ANNUITY TRUST (1)

    T · CHARITABLE TRUST · NJ

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202541339349302364

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