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Nonprofiteer
← BANCROFT A NEW JERSEY NONPROFIT CORPORATION

Form 990 for tax year 2022

Filed by BANCROFT A NEW JERSEY NONPROFIT CORPORATION.

Totals

Total revenue
$236,893,485
Total expenses
$235,696,520
Contributions and grants received
$2,252,900
Grants paid
$0
Program service revenue
$232,769,564
Investment income
$1,988,069
Other revenue
-$117,048
Total assets, end of year
$244,498,342
Total liabilities, end of year
$194,159,327
Net assets or fund balances, end of year
$50,339,015
Program services expenses (Part IX)
$200,104,721
Management and general expenses
$34,668,129
Fundraising expenses
$923,670
Program service expenses (Part III)
$200,104,721

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

    $544,767

  • 1e · Government grants (contributions)

    $1,390,097

  • 1f · All other contributions, gifts and grants

    $318,036

  • 1g · Noncash contributions included above

    $28,758

  • 2a · Program service revenue: NET CLIENT REVENUE

    total $232,769,564 · related or exempt $232,769,564

  • 3 · Investment income

    total $2,431,856 · excluded $2,431,856

  • 7a · Gross sales of assets other than inventory

    securities $5,872,295 · other assets $56,338

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

    securities $6,257,924 · other assets $114,496

  • 7c · Gain or loss

    securities -$385,629 · other assets -$58,158

  • 7d · Net gain or loss

    total -$443,787 · excluded -$443,787

  • 8a · Fundraising events: gross income

    $100,560

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

    $544,767

  • 8b · Fundraising events: direct expenses

    $231,041

  • 8c · Net income from fundraising events

    total -$130,481 · excluded -$130,481

  • 11a · Other revenue: INTEREST-SPLIT DOLLAR

    total $13,433 · excluded $13,433

  • 11e · Other revenue, total

    $13,433

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,700,906 · program services $1,620,544 · management and general $1,080,362

  • 7 · Other salaries and wages

    total $142,524,080 · program services $127,351,922 · management and general $14,526,287 · fundraising $645,871

  • 8 · Pension plan contributions

    total $1,686,401 · program services $1,004,118 · management and general $669,412 · fundraising $12,871

  • 9 · Other employee benefits

    total $23,106,932 · program services $21,728,544 · management and general $1,321,225 · fundraising $57,163

  • 10 · Payroll taxes

    total $10,732,058 · program services $9,687,501 · management and general $999,418 · fundraising $45,139

  • 11b · Fees: legal

    total $425,964 · management and general $425,964

  • 11c · Fees: accounting

    total $231,202 · program services $87,181 · management and general $144,021

  • 11d · Fees: lobbying

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

  • 11g · Fees: other

    total $5,696,220 · program services $2,660,209 · management and general $2,941,301 · fundraising $94,710

  • 12 · Advertising and promotion

    total $684,544 · program services $409,019 · management and general $272,680 · fundraising $2,845

  • 13 · Office expenses

    total $12,780,551 · program services $10,814,223 · management and general $1,930,202 · fundraising $36,126

  • 14 · Information technology

    total $2,329,558 · program services $180,953 · management and general $2,131,863 · fundraising $16,742

  • 16 · Occupancy

    total $11,990,350 · program services $11,238,452 · management and general $751,898

  • 17 · Travel

    total $2,236,296 · program services $1,736,568 · management and general $499,491 · fundraising $237

  • 19 · Conferences, conventions and meetings

    total $190,193 · program services $74,807 · management and general $111,951 · fundraising $3,435

  • 20 · Interest

    total $5,524,375 · program services $4,169,237 · management and general $1,355,092 · fundraising $46

  • 22 · Depreciation, depletion and amortization

    total $8,281,286 · program services $4,577,390 · management and general $3,703,896

  • 23 · Insurance

    total $2,691,158 · program services $1,614,695 · management and general $1,076,463

  • 24a · Other expenses: RECRUITMENT

    total $741,644 · program services $444,986 · management and general $296,658 · fundraising $0

  • 24b · Other expenses: RESIDENT ACTIVITIES

    total $677,492 · program services $677,492 · management and general $0 · fundraising $0

  • 24c · Other expenses: BANK CHARGES

    total $345,310 · program services $26,880 · management and general $309,945 · fundraising $8,485

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,687,901 · end of year $11,434,514

  • 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 $16,178,948 · end of year $24,300,487

  • 5 · Loans and receivables from officers and key people

    beginning of year $330,552 · end of year $529,541

  • 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 $2,609,214 · end of year $2,496,080

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

    $172,821,437

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

    $53,889,768

  • 10c · Land, buildings and equipment, net

    beginning of year $114,529,396 · end of year $118,931,669

  • 11 · Investments: publicly traded securities

    beginning of year $31,095,676 · end of year $33,583,965

  • 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 $313,559 · end of year $314,912

  • 15 · Other assets

    beginning of year $44,174,613 · end of year $52,849,541

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,779,154 · end of year $36,893,286

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $94,719,062 · end of year $92,632,827

  • 23 · Secured mortgages and notes payable

    beginning of year $12,311,595 · end of year $21,172,347

  • 24 · Unsecured notes and loans payable

    beginning of year $33,926,277 · end of year $43,460,867

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $45,431,051 · end of year $47,836,663

  • 28 · Net assets with donor restrictions

    beginning of year $2,810,353 · end of year $2,502,352

Mission and programs · 2022

Mission

SEE SCHEDULE OBANCROFT 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. THE ORGANIZATION PROFOUNDLY IMPACTS CHILDREN AND ADULTS LIVING WITH DISABILITIES BY DELIVERING HIGH-QUALITY SERVICES TO EMPOWER THEM TO REALIZE THEIR BEST LIFE. 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.

  • SEE SCHEDULE OBANCROFT 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.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 $200,104,721 · Revenue $232,769,564

As filed on the 2022 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
    $701,402
    From this org
    $637,078
    From related orgs
    $0
    Other
    $64,324
    Hours/week
    44 + 1 related

    Schedule J breakdown matched by us

    Base
    $567,078
    Bonus
    $70,000
    Other
    $0
    Deferred
    $26,600
    Nontaxable benefits
    $37,724
    Filer's total
    $701,402

  • John McShane Esq

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • John C Flamma Jr MD

    FIRST VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Alberts

    TRUSTEE

    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

  • 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

  • Brad Molotsky Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lisa Morina

    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

  • Heather Steinmilleresq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jason Wolf

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Cripps

    TREASURER/CFO

    Total calculated
    $315,575
    From this org
    $309,320
    From related orgs
    $0
    Other
    $6,255
    Hours/week
    43 + 2 related

    Schedule J breakdown matched by us

    Base
    $272,506
    Bonus
    $15,385
    Other
    $21,429
    Deferred
    $6,055
    Nontaxable benefits
    $200
    Filer's total
    $315,575

  • Kathy Ross

    SECRETARY/EXECUTIVE LIAISON

    Total calculated
    $178,368
    From this org
    $137,707
    From related orgs
    $0
    Other
    $40,661
    Hours/week
    43 + 2 related

    Schedule J breakdown matched by us

    Base
    $127,707
    Bonus
    $10,000
    Other
    $0
    Deferred
    $2,937
    Nontaxable benefits
    $37,724
    Filer's total
    $178,368

  • James Wellons

    CHIEF LEGAL OFFICER

    Total calculated
    $330,018
    From this org
    $312,019
    From related orgs
    $0
    Other
    $17,999
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $280,205
    Bonus
    $10,385
    Other
    $21,429
    Deferred
    $5,982
    Nontaxable benefits
    $12,017
    Filer's total
    $330,018

  • James Carlino

    CHIEF HR OFFICER

    Total calculated
    $298,446
    From this org
    $270,025
    From related orgs
    $0
    Other
    $28,421
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,111
    Bonus
    $9,485
    Other
    $21,429
    Deferred
    $3,540
    Nontaxable benefits
    $24,881
    Filer's total
    $298,446

  • Judith London

    CHIEF STRATEGY OFFICER

    Total calculated
    $292,924
    From this org
    $263,152
    From related orgs
    $0
    Other
    $29,772
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,338
    Bonus
    $25,385
    Other
    $21,429
    Deferred
    $4,891
    Nontaxable benefits
    $24,881
    Filer's total
    $292,924

  • Jane Femia Baider

    SENIOR VP, NEUROREHAB

    Total calculated
    $285,994
    From this org
    $266,223
    From related orgs
    $0
    Other
    $19,771
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,552
    Bonus
    $15,385
    Other
    $14,286
    Deferred
    $4,905
    Nontaxable benefits
    $14,866
    Filer's total
    $285,994

  • Dennis Morgan

    SENIOR VP, CHILDRENS SERVICES

    Total calculated
    $279,150
    From this org
    $261,970
    From related orgs
    $0
    Other
    $17,180
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,299
    Bonus
    $15,385
    Other
    $14,286
    Deferred
    $5,163
    Nontaxable benefits
    $12,017
    Filer's total
    $279,150

  • Josefina Nash

    SVP OF BUSINESS OPERATIONS

    Total calculated
    $248,004
    From this org
    $243,412
    From related orgs
    $0
    Other
    $4,592
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,741
    Bonus
    $15,385
    Other
    $14,286
    Deferred
    $4,392
    Nontaxable benefits
    $200
    Filer's total
    $248,004

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 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 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 4B
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN 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 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 AGAINST GOALS SET PRIOR TO THE START OF THE FISCAL YEAR. THE AMOUNTS OF THE PAYMENTS RANGED BETWEEN $9,485 AND $70,000.

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 -$99,493 · share of assets $2,522,916 · general or managing partner

    Directly controlled by BANCROFT

  • BNH URBAN RENEWAL LP

    RELATED · LOW INCOME HOUSING · NJ · 100% owned · share of income -$5,148 · share of assets $1,656,337 · 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 -$11 · share of assets $57,269 · controlled entity

    Directly controlled by BANCROFT

  • BNH OF ECHELON INC

    C · LOW INCOME HOUSING · NJ · 100% owned · share of income -$111,223 · share of assets $266,946 · controlled entity

    Directly controlled by BANCROFT

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202401349349302815

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