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Nonprofiteer
← MERAKEY NEW JERSEY INC

Form 990 for tax year 2022

Filed by MERAKEY NEW JERSEY INC.

Totals

Total revenue
$15,710,625
Total expenses
$15,823,799
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$15,705,193
Investment income
$0
Other revenue
$5,432
Total assets, end of year
$3,804,978
Total liabilities, end of year
$4,555,792
Net assets or fund balances, end of year
-$750,814
Program services expenses (Part IX)
$14,236,793
Management and general expenses
$1,587,006
Fundraising expenses
$0
Program service expenses (Part III)
$14,236,793

Program services were 90.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JOSEPH MARTZ

    PRESIDENT/CEO

    Total calculated
    $1,176,036
    From this org
    $0
    From related orgs
    $1,120,084
    Other
    $55,952
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $893,832 related
    Bonus
    $0
    Other
    $0 + $226,252 related
    Deferred
    $0 + $12,475 related
    Nontaxable benefits
    $0 + $43,477 related
    Filer's total
    $0 + $1,176,036 related

  • DERRICK YACOVELLI

    TREASURER/SECRETARY/CFO

    Total calculated
    $705,871
    From this org
    $0
    From related orgs
    $671,726
    Other
    $34,145
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $569,726 related
    Bonus
    $0
    Other
    $0 + $102,000 related
    Deferred
    $0 + $6,369 related
    Nontaxable benefits
    $0 + $27,776 related
    Filer's total
    $0 + $705,871 related

  • TERRENCE MCNELIS

    VP/SVP, IDD THROUGH 11/22

    Total calculated
    $583,909
    From this org
    $0
    From related orgs
    $575,147
    Other
    $8,762
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $524,467 related
    Bonus
    $0
    Other
    $0 + $50,680 related
    Deferred
    $0 + $5,203 related
    Nontaxable benefits
    $0 + $3,559 related
    Filer's total
    $0 + $583,909 related

  • ROBERT NIX III ESQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 11 related

  • LEAH PASON

    DIRECTOR/CPO

    Total calculated
    $510,457
    From this org
    $0
    From related orgs
    $488,535
    Other
    $21,922
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $439,060 related
    Bonus
    $0
    Other
    $0 + $49,475 related
    Deferred
    $0 + $5,231 related
    Nontaxable benefits
    $0 + $16,691 related
    Filer's total
    $0 + $510,457 related

  • ELISE TRETOLA

    DIRECTOR/SVP, IDD FROM 11/22

    Total calculated
    $98,486
    From this org
    $0
    From related orgs
    $98,161
    Other
    $325
    Hours/week
    0.5 + 49.5 related

  • GARMAI ZUBAH

    DIRECT SUPPORT PROFESSIONA

    Total calculated
    $130,649
    From this org
    $128,715
    From related orgs
    $0
    Other
    $1,934
    Hours/week
    37.5

  • GEORGE GAVIN

    DIRECT SUPPORT PROFESSIONA

    Total calculated
    $130,109
    From this org
    $128,326
    From related orgs
    $0
    Other
    $1,783
    Hours/week
    37.5

  • AMOS KENNEDY

    DIRECT SUPPORT PROFESSIONA

    Total calculated
    $128,533
    From this org
    $119,384
    From related orgs
    $0
    Other
    $9,149
    Hours/week
    37.5

  • BARRINGTON STEVENS

    DIRECT SUPPORT PROFESSIONA

    Total calculated
    $135,377
    From this org
    $126,262
    From related orgs
    $0
    Other
    $9,115
    Hours/week
    37.5

  • NORMAN STEVENS

    DIRECT SUPPORT PROFESSIONA

    Total calculated
    $127,691
    From this org
    $118,602
    From related orgs
    $0
    Other
    $9,089
    Hours/week
    37.5

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

  • 4b · Supplemental nonqualified retirement plan

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THIS ORGANIZATION DOES NOT DIRECTLY PAY ITS OFFICERS AND DIRECTORS. ALL COMPENSATION TO THE OFFICERS AND DIRECTORS REPORTED ON PART VII OF THE FORM 990 WAS PAID BY A RELATED ORGANIZATION, MERAKEY USA. MERAKEY USA UNDERTAKES A THOROUGH PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIALS IS REASONABLE GIVEN THE MARKET IN WHICH THE ORGANIZATION OPERATES. MERAKEY USA CHECKS THE FOLLOWING BOXES FOR SCHEDULE J, PART I, QUESTION 3 ON ITS FORM 990: COMPENSATION COMMITTEE INDEPENDENT COMPENSATION CONSULTANT FORM 990 OF OTHER ORGANIZATIONS WRITTEN EMPLOYMENT CONTRACT COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OF COMPENSATION COMMITTEE
PART I, LINE 4B
THE FOLLOWING OFFICERS AND DIRECTORS PARTICIPATED IN A 457(F) NONQUALIFIED RETIREMENT PLAN IN FY2023: JOSEPH MARTZ - $ 226,252 DERRICK YACOVELLI - $ 102,000 TERRENCE MCNELIS - $ 50,680 LEAH PASON - $ 49,475

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
3 May 2024
IRS schema version
2022v5.0
Source object
202401349349309080

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