2024-05-14T09:13:08-05:00 2023-06-30 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2022-07-01 210723663 New Jersey State Bar Association % ANGELA C SCHECK NEWJ 7322495000 One Constitution Square New Brunswick NJ 08901 ANGELA C SCHECK EXECUTIVE DIRECTOR 7322495000 2024-05-15 true ANGELA C SCHECK 999009999 Devin Desmond P01262203 7328281614 3 2022 2023-04-26 12:10:37Z ANGELA C SCHECK One Constitution Square New Brunswick NJ 08901 11161891 false X WWW.NJSBA.COM X 1899 NJ TO SERVE, PROTECT, FOSTER AND PROMOTE THE PERSONAL AND PROFESSIONAL INTERESTS OF ITS MEMBERS. 43 43 75 43 39504 0 1605070 0 8581041 9335954 183864 167636 229111 254871 10599086 9758461 259030 0 0 0 5474570 5685783 0 0 0 4266359 5131771 9999959 10817554 599127 -1059093 10945889 11529178 3301912 4769793 7643977 6759385 X TO SERVE, PROTECT, FOSTER AND PROMOTE THE PERSONAL AND PROFESSIONAL INTERESTS OF ITS MEMBERS. TO SERVE AS THE VOICE OF NEW JERSEY ATTORNEYS TO OTHER ORGANIZATIONS, GOVERNMENTAL ENTITIES AND THE PUBLIC WITH REGARD TO THE LAW, LEGAL PROFESSION AND LEGAL SYSTEM. TO PROMOTE ACCESS TO THE JUSTICE SYSTEM, FAIRNESS IN ITS ADMINISTRATION, AND THE INDEPENDENCE AND INTEGRITY OF THE JUDICIAL BRANCH.TO ENCOURAGE PARTICIPATION IN VOLUNTARY PRO BONO ACTIVITIES. TO FOSTER PROFESSIONALISM AND PRIDE IN THE PROFESSION AND THE NJSBA. TO PROVIDE EDUCATIONAL OPPORTUNITIES TO NEW JERSEY ATTORNEYS TO ENHANCE THE QUALITY OF LEGAL SERVICES AND THE PRACTICE OF LAW. TO PROVIDE EDUCATION TO THE NEW JERSEY PUBLIC TO ENHANCE AWARENESS OF THE LEGAL PROFESSION AND LEGAL SYSTEM. false false CONTINUING LEGAL EDUCATION IN ALL AREAS OF LAW FOR NEW JERSEY LICENSED ATTORNEYS, WHO ARE REQUIRED TO SATISFY AN ANNUAL MANDATORY NUMBER OF EDUCATION CREDITS ON A BIANNUAL BASIS. PROGRAMS ARE HELD LIVE, IN-PERSON, AS ON-DEMAND DOWNLOADABLE VIDEOS, AND AS WEBINARS. CONFERENCES, CONVENTIONS, MEETINGS AND SEMINARS, MID-YEAR MEETING, GENERAL COUNCIL MEETING, VARIOUS SEMINARS, DINNER AND LUNCHEONS TO DISCUSS VARIOUS TOPICS OF LAW. PRINTING AND MAILING OF NEW JERSEY LAWYER MAGAZINE AND OTHER PUBLICATIONS OF THE ASSOCIATION COVERING VARIOUS AREAS OF THE LAW AND THE OPERATIONS OF THE LEGAL PROFESSION. false false false true false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false true false false true 77 0 true 75 true true true false false false false false false false X 43 43 false false false false true true false true true false false true true true true true true true true false X ANGELA C SCHECK 7322495000 ONE CONSTITUTION SQUARE NEW BRUNSWICK NJ 08901 ANGELA C SCHECK EXECUTIVE DIRECTOR 40.0 0.0 X 275076 0 46266 SHARON BALSAMO ASST EXEC DIR/GENERAL COUNSEL 40.0 0.0 X 179763 0 35883 Robert Spangler ASST EXEC DIR/IT & OPERATION 40.0 0.0 X 184088 0 22100 LISA SPIEGEL ASSOC EXEC DIR/CLE PROGRAMS 40.0 0.0 X 171227 0 30004 CATHERINE COSCARELLI ASSOC EXEC DIR/COMMUNICATIONS 40.0 0.0 X 176114 0 12783 DENISE GALLO SR. MGMT DIRECTOR, MEETINGS 40.0 0.0 X 134016 0 19875 CHRISTINE A AMALFE TREASURER 0.5 0.0 X X 0 0 0 Domenick Carmagnola President (THRU 05/2023) 0.5 0.0 X X 0 0 0 G Glennon Troublefield TRUSTEE 0.5 0.0 X X 0 0 0 Jeralyn L Lawrence PRESIDENT - ELECT 0.5 0.0 X X 0 0 0 Kimberly A Yonta IMMEDIATE PAST PRESIDENT 0.5 0.0 X X 0 0 0 Timothy F McGoughran First Vice President 0.5 0.0 X X 0 0 0 William H Mergner Jr SECOND VICE PRESIDENT 0.5 0.0 X X 0 0 0 Ayesha K Hamilton TRUSTEE 0.5 0.0 X 0 0 0 Alexandra V Gallo TRUSTEE 0.5 0.0 X 0 0 0 Amy Vasquez TRUSTEE (THRU 05/2023) 0.5 0.0 X 0 0 0 Asaad Siddiqi TRUSTEE 0.5 0.0 X 0 0 0 Brandon DeJesus TRUSTEE 0.5 0.0 X 0 0 0 Brian J Neary TRUSTEE 0.5 0.0 X 0 0 0 Carlos M Bollar TRUSTEE 0.5 0.0 X 0 0 0 Christopher J Keating TRUSTEE 0.5 0.0 X 0 0 0 Cory Rothbort TRUSTEE 0.5 0.0 X 0 0 0 Daniel M Kurkowski TRUSTEE (THRU 05/2023) 0.5 0.0 X 0 0 0 Dara A Quattrone TRUSTEE 0.5 0.0 X 0 0 0 David Edelberg TRUSTEE 0.5 0.0 X 0 0 0 David L Wikstrom TRUSTEE (THRU 05/2023) 0.5 0.0 X 0 0 0 Diana C Manning TRUSTEE 0.5 0.0 X X 0 0 0 Eugenia M Lynch TRUSTEE 0.5 0.0 X 0 0 0 Gregory P DeMichele TRUSTEE (THRU 05/2023) 0.5 0.0 X 0 0 0 Hon James M Newman TRUSTEE 0.5 0.0 X 0 0 0 Janice L Heinold TRUSTEE 0.5 0.0 X 0 0 0 JANINE MARIE ALLEN TRUSTEE (THRU 06/2023) 0.5 0.0 X 0 0 0 Jennifer McAndrew Vuotto TRUSTEE 0.5 0.0 X 0 0 0 Jeremy Farrell TRUSTEE (THRU 05/2023) 0.5 0.0 X 0 0 0 Jessica Ragno Sprague TRUSTEE 0.5 0.0 X 0 0 0 John L Shahdanian II TRUSTEE (THRU 05/2023) 0.5 0.0 X 0 0 0 John Macce TRUSTEE 0.5 0.0 X 0 0 0 Jose A Calves TRUSTEE 0.5 0.0 X 0 0 0 Joseph L Linares TRUSTEE 0.5 0.0 X 0 0 0 Josh Reinitz TRUSTEE 0.5 0.0 X 0 0 0 Justin R White TRUSTEE 0.5 0.0 X 0 0 0 kathleen Barnett Einhorn TRUSTEE 0.5 0.0 X 0 0 0 Kathleen N Fennelly TRSUTEE (THRU 05/2023) 0.5 0.0 X 0 0 0 Katrina Homel TRUSTEE 0.5 0.0 X 0 0 0 KRISTYL BERCKES TRUSTEE 0.5 0.0 X 0 0 0 Michael F Schaff TRUSTEE (THRU 05/2023) 0.5 0.0 X 0 0 0 Michael R Paglione TRUSTEE 0.5 0.0 X 0 0 0 Philip W Lamparello TRUSTEE (THRU 05/2023) 0.5 0.0 X 0 0 0 Ravi Sattiraju TRUSTEE 0.5 0.0 X 0 0 0 Richard F Klineburger III TRUSTEE 0.5 0.0 X 0 0 0 Robert C Scrivo TRUSTEE 0.5 0.0 X 0 0 0 Roger Lai TRUSTEE 0.5 0.0 X 0 0 0 RYAN J GAFFNEY TRUSTEE (THRU 05/2023) 0.5 0.0 X 0 0 0 Scott R Malyk TRUSTEE 0.5 0.0 X 0 0 0 Sheryl Seiden TRUSTEE 0.5 0.0 X 0 0 0 Steven J Eisenstein TRUSTEE 0.5 0.0 X 0 0 0 Susan L Nardone TRUSTEE 0.5 0.0 X 0 0 0 Thomas J Manzo TRUSTEE 0.5 0.0 X 0 0 0 Thomas P Fischer TRUSTEE 0.5 0.0 X 0 0 0 Tracy M Thompson TRUSTEE (THRU 05/2023) 0.5 0.0 X 0 0 0 Valerie A Jackson TRUSTEE 0.5 0.0 X 0 0 0 William C Popjoy III TRUSTEE 0.5 0.0 X 0 0 0 Celeste Fiore Trustee - (Thru 06/2023) 0.5 0.0 X 0 0 0 1120284 0 166911 11 false true false VIRTUAL CLASSROOM ASSOCIATES LLC HAMILTON FINANCIAL GR 1540 KUSER MERCERVILLE NJ 08619 VIRTUAL SEMINARS 129007 ALM MEDIA LLC PO BOX 936174 ATLANTA GA 311936174 Publication 102054 2 0 CONTINUING LEGAL EDUCATION 813920 4314056 4314056 MEMBERSHIP AND SECTION DUES 813920 2993623 2993623 MEETINGS AND SEMINARS 813920 1991666 1991666 ETHICS DIVERSIONARY PROGRAM 813920 27690 27690 YOUNG LAWYERS' DIVISION 813920 8919 8919 9335954 127934 127934 0 82130 82130 116822 116822 0 116822 116822 1176061 1136359 39702 39702 39702 0 0 0 0 0 0 183611 267071 -83460 -83460 ADVERTISING 541800 39504 39504 AFFINITY 900099 70000 70000 OTHER INCOME 900099 29875 29875 139379 9758461 9252494 39504 466463 0 0 0 0 326978 0 4188569 249518 572256 348462 0 0 60216 0 0 0 1295 253001 688001 599938 0 506491 59587 0 2416733 0 0 182502 158306 LEGAL RESEARCH 26557 COMM. ON PROFESSIONALISM 14391 OTHER EXPENSES 164753 10817554 X 1250 2162 4818162 4978105 0 0 2255936 868238 0 0 0 0 0 0 93732 65586 451365 424721 2032840 1408387 589380 624453 2454792 2684205 0 0 0 0 5596 5596 275676 1876112 10945889 11529178 1060197 1043479 0 0 2174032 2167785 0 0 0 0 0 0 0 0 0 0 67683 1558529 3301912 4769793 X 7643977 6759385 0 0 7643977 6759385 10945889 11529178 -1059093 174501 X false true X true false false false false 2993623 290748 0 290748 299362 -8614 161871 66202 95669 1477895 1074867 403028 393074 267318 125756 624453 RIGHT OF USE ASSETS 1638556 DUE FROM RELATED PARTY 237556 1876112 0 LEASE LIABILITIES 1558529 1558529 X 10200033 174501 267071 441572 9758461 9758461 11084625 267071 267071 10817554 10817554 SCHEDULE D, PART X THE ASSOCIATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND RELATED INCOME IS NOT SUBJECT TO FEDERAL, STATE, AND LOCAL INCOME TAXES. THE ASSOCIATION FOLLOWED THE PROVISIONS OF AUTHORITATIVE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. UNDER THIS GUIDANCE, TAX POSITIONS ARE EVALUATED FOR RECOGNITION USING A MORE-LIKELY-THAN-NOT THRESHOLD, AND THOSE TAX POSITIONS REQUIRING RECOGNITION ARE MEASURED AT THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH A TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. THE ASSOCIATION HAS EVALUATED THE LIKELIHOOD OF THEIR TAX-EXEMPT STATUS BEING CHALLENGED AS REMOTE. ACCORDINGLY, THE ASSOCIATION HAS NOT INCLUDED ANY INCOME TAX PROVISIONS OR ANY POTENTIAL LIABILITIES FOR TAXES ON UNRELATED BUSINESS INCOME, INCLUDING INTEREST AND PENALTIES, IN THE FINANCIAL STATEMENTS RELATED TO POTENTIAL VIOLATIONS OF THEIR TAX-EXEMPT STATUS. THERE ARE NO INCOME TAX RELATED INTEREST OR PENALTIES REFLECTED IN THESE FINANCIAL STATEMENTS. SCHEDULE D, PART XI; LINE 2D OTHER RECONCILING ITEMS INCLUDED ON LINE 1 BUT NOT ON FORM 990, PART VIII, LINE 12 INCLUDE:- COST OF GOODS SOLD - $267,071. SCHEDULE D, PART XII; LINE 2D OTHER RECONCILING ITEMS INCLUDED ON LINE 1 BUT NOT ON FORM 990, PART IX, LINE 25 INCLUDE:- COST OF GOODS SOLD - $267,071. X X true true X X X X false false false ANGELA C SCHECK EXECUTIVE DIRECTOR 275076 0 0 0 0 0 17354 0 28912 0 321342 0 0 0 CATHERINE COSCARELLI ASSOC EXEC DIR/COMMUNICATIONS 176114 0 0 0 0 0 10577 0 2206 0 188897 0 0 0 DENISE GALLO SR. MGMT DIRECTOR, MEETINGS 134016 0 0 0 0 0 8104 0 11771 0 153891 0 0 0 LISA SPIEGEL ASSOC EXEC DIR/CLE PROGRAMS 171227 0 0 0 0 0 10577 0 19427 0 201231 0 0 0 Robert Spangler ASST EXEC DIR/IT & OPERATION 184088 0 0 0 0 0 11103 0 10997 0 206188 0 0 0 SHARON BALSAMO ASST EXEC DIR/GENERAL COUNSEL 179763 0 0 0 0 0 11534 0 24349 0 215646 0 0 0 CORE FORM, PART VII AND SCHEDULE J IN ACCORDANCE WITH FORM 990 INSTRUCTIONS FOR ORGANIZATIONS WITH A FISCAL YEAR-END, TAXABLE COMPENSATION REPORTED HEREIN IS DERIVED FROM 2022 FORMS W-2. SCHEDULE J, PART I; QUESTION 1A THE ORGANIZATION PROVIDED, FOR ORGANIZATION BUSINESS PURPOSES ONLY, COACH AND/OR FIRST CLASS AIRFARE FOR THE PRESIDENT, PRESIDENT-ELECT AND IMMEDIATE PAST PRESIDENT AND THEIR GUESTS SO THEY COULD ATTEND MID-YEAR MEETINGS IN OTHER STATES. PLEASE NOTE THAT THE ORGANIZATION PAID THESE EXPENSES DIRECTLY EITHER THROUGH DIRECT PAYMENT OR THROUGH THE UTILIZATION OF ORGANIZATION CREDIT CARD REWARDS POINTS. PLEASE NOTE THAT THE PROVISION OF THESE BENEFITS WAS NOT TREATED AS TAXABLE COMPENSATION. CORE FORM, PART III; QUESTION 4D YOUNG LAWYERS' DIVISION - CONDUCTS SEMINARS AND MEETINGS COVERING LEGAL TOPICS OF PARTICULAR INTEREST TO YOUNGER MEMBERS OF THE BAR ASSOCIATION. THE YOUNG LAWYER'S DIVISION IS FOR LAWYERS UNDER THE AGE OF 36 OR LAWYERS WHO HAVE PRACTICED LAW FOR LESS THAN 10 YEARS. ETHICS DIVERSIONARY PROGRAM - AN EDUCATIONAL PROGRAM ADMINISTERED BY THE NEW JERSEY STATE BAR ASSOCIATION, WITH COOPERATION FROM THE OFFICE OF ATTORNEY ETHICS, THAT PROVIDES AN ALTERNATIVE TO POTENTIAL DISCIPLINE FOR ATTORNEYS FACING MINOR ETHICS VIOLATIONS. CORE FORM, PART VI, SECTION A; QUESTIONS 6 & 7 A NJSBA MEMBER IS AN INDIVIDUAL WHO HAS PAID THEIR REQUISITE NJSBA MEMBERSHIP DUES AND IS EITHER A LICENSED ATTORNEY IN THE STATE OF NEW JERSEY, A LICENSED ATTORNEY IN ANOTHER STATE, A LAW STUDENT, A PARALEGAL, A LEGAL ASSISTANT, A LAW SCHOOL DEAN, TEACHER OR PROFESSOR, A LAW LIBRARIAN OR AN INDIVIDUAL EMPLOYED BY A LAW FIRM IN A MANAGERIAL OR ADMINISTRATIVE POSITION. THE ORGANIZATION HAS A NOMINATING COMMITTEE OF MEMBERS WHO NOMINATE MEMBERS OF THE GOVERNING BOARD WHICH ARE REVIEWED BY THE GOVERNING BODY. CORE FORM, PART VI, SECTION B; QUESTION 11B THE ORGANIZATION'S FEDERAL FORM 990 WAS PROVIDED TO EACH VOTING MEMBER OF ITS GOVERNING BODY (ITS BOARD OF TRUSTEES) PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE ("IRS"). IN ADDITION,THE ORGANIZATION'S FINANCE AND OPERATIONS COMMITTEE PERFORMED A DETAILED REVIEW OF THE FEDERAL FORM 990 PRIOR TO PROVIDING IT TO EACH VOTING MEMBER OF ITS BOARD OF TRUSTEES. THE ORGANIZATION'S BOARD OF TRUSTEES HAS DELEGATED TO THE FINANCE AND OPERATIONS COMMITTEE THE RESPONSIBILITY TO OVERSEE AND COORDINATE THE FEDERAL FORM 990 PREPARATION, REVIEW AND FILING PROCESS. AS PART OF THE ORGANIZATION'S FEDERAL FORM 990 TAX RETURN PREPARATION PROCESS, THE ORGANIZATION HIRED A PROFESSIONAL CPA FIRM WITH EXPERIENCE AND EXPERTISE IN NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE ORGANIZATION'S EXECUTIVE DIRECTOR, CONTROLLER AND VARIOUS INDIVIDUALS OF THE ORGANIZATION ("INTERNAL WORKING GROUP") TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THE ORGANIZATION'S INTERNAL WORKING GROUP FOR REVIEW. THE ORGANIZATION'S INTERNAL WORKING GROUP REVIEWED THE DRAFT FEDERAL FORM 990 AND DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. REVISIONS WERE MADE TO THE DRAFT FEDERAL FORM 990 WHERE NECESSARY AND A FINAL DRAFT WAS FURNISHED BY THE CPA FIRM TO THE ORGANIZATION'S INTERNAL WORKING GROUP FOR FINAL REVIEW AND APPROVAL. THE FINAL FORM 990 WAS THEN PRESENTED TO THE MEMBERS OF THE ORGANIZATION'S FINANCE AND OPERATIONS COMMITTEE PRIOR TO FILING. CORE FORM, PART VI, SECTION B; QUESTION 12 THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY WITH WHICH IT REGULARLY MONITORS AND ENFORCES COMPLIANCE. THE POLICY REQUIRES THAT A CONFLICT OF INTEREST DISCLOSURE FORM CONSISTENT WITH BEST GOVERNANCE PRACTICES AND INTERNAL REVENUE SERVICE GUIDELINES BE CIRCULATED TO TRUSTEES AND OFFICERS ("COVERED INDIVIDUALS") ANNUALLY. THE BOARD OF TRUSTEES REQUIRES FULL DISCLOSURE OF ALL ACTUAL AND POTENTIAL CONFLICTS OF INTEREST. EACH COVERED INDIVIDUAL MUST DISCLOSE ANY AND ALL FACTS THAT MAY BE CONSTRUED AS A CONFLICT OF INTEREST, BOTH THROUGH THE ANNUAL DISCLOSURE PROCESS AND WHENEVER SUCH ACTUAL OR POTENTIAL CONFLICT OCCURS. THE BOARD OF TRUSTEES EVALUATES AND DETERMINES WHETHER OR NOT A CONFLICT OF INTEREST EXISTS, AND WHETHER OR NOT SUCH CONFLICT MATERIALLY AND ADVERSELY AFFECTS THE INTERESTS OF THE ORGANIZATION. A COVERED INDIVIDUAL WHOSE POTENTIAL CONFLICT IS UNDER REVIEW MAY NOT DEBATE, VOTE OR OTHERWISE PARTICIPATE IN THE DETERMINATION DISCUSSION. IF THE BOARD DETERMINES THAT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST DOES EXIST, THE BOARD IS RESPONSIBLE FOR DETERMINING AN APPROPRIATE REMEDY. THE ORGANIZATION'S BOARD OF TRUSTEES HAS AN EXECUTIVE COMMITTEE. THE BOARD OF TRUSTEES MAY DELEGATE ITS AUTHORITY TO REVIEW AND REMEDY POTENTIAL CONFLICTS OF INTEREST TO THE EXECUTIVE COMMITTEE. ONLY DISINTERESTED MEMBERS OF THE EXECUTIVE COMMITTEE MAY PARTICIPATE IN ANY SUCH REVIEW.THE EXECUTIVE COMMITTEE SHALL INFORM THE BOARD OF ITS DETERMINATION AND RECOMMENDED ACTION. HOWEVER, THE BOARD OF TRUSTEES RETAINS THE RIGHT TO MODIFY OR REVERSE SUCH DETERMINATIONS AND ACTIONS. IN ADDITION, THE BOARD OF TRUSTEES RETAINS THE ULTIMATE ENFORCEMENT AUTHORITY WITH RESPECT TO THE INTERPRETATION AND APPLICATION OF THE CONFLICT OF INTEREST POLICY. CORE FORM, PART VI, SECTION B; QUESTION 15 THE ORGANIZATION'S BOARD OF TRUSTEES HAS AN EXECUTIVE COMMITTEE ("COMMITTEE"). THE COMMITTEE HAS ADOPTED A WRITTEN EXECUTIVE COMPENSATION POLICY WHICH IT FOLLOWS WHEN IT REVIEWS AND APPROVES OF THE COMPENSATION AND BENEFITS OF THE ORGANIZATION'S "KEY EMPLOYEES". THE ORGANIZATION'S KEY EMPLOYEES ARE FURTHER DEFINED AS: (1) THE EXECUTIVE DIRECTOR OF THE ORGANIZATION; AND (2) KEY EMPLOYEES AS DEFINED BY THE INTERNAL REVENUE SERVICE IN THE INSTRUCTIONS TO THE FEDERAL FORM 990. THE COMMITTEE REVIEWS THE "TOTAL COMPENSATION" OF THE KEY EMPLOYEES WHICH IS INTENDED TO INCLUDE BOTH CURRENT AND DEFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS. THE COMMITTEE'S REVIEW IS DONE ON AT LEAST AN ANNUAL BASIS AND ENSURES THAT THE "TOTAL COMPENSATION" OF THE KEY EMPLOYEES ARE REASONABLE. THE ACTIONS TAKEN BY THE COMMITTEE ENABLE THE ORGANIZATION TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR PURPOSES OF INTERNAL REVENUE CODE SECTION 4958 WITH RESPECT TO THE TOTAL COMPENSATION OF ITS KEY EMPLOYEES. THE THREE FACTORS WHICH MUST BE SATISFIED IN ORDER TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS ARE THE FOLLOWING: 1) THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY AN "AUTHORIZED BODY" OF THE APPLICABLE TAX-EXEMPT ORGANIZATION WHICH IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A "CONFLICT OF INTEREST" WITH RESPECT TO THE COMPENSATION ARRANGEMENT; 2) THE AUTHORIZED BODY OBTAINED AND RELIED UPON "APPROPRIATE DATA AS TO COMPARABILITY" PRIOR TO MAKING ITS DETERMINATION; AND 3) THE AUTHORIZED BODY "ADEQUATELY DOCUMENTED THE BASIS FOR ITS DETERMINATION" CONCURRENTLY WITH MAKING THAT DETERMINATION. THE OMPENSATION OF A KEY EMPLOYEE IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE, PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. THE COMPENSATION OF A KEY EMPLOYEE IS REVIEWED AND APPROVED TAKING INTO CONSIDERATION, WHERE APPLICABLE AND APPROPRIATE, DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS.THE ORGANIZATION'S SECRETARY ENSURES THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. CORE FORM, PART VI, SECTION C; QUESTION 19 THE ORGANIZATION'S FILED CERTIFICATE OF INCORPORATION AND ANY AMENDMENTS CAN BE OBTAINED AND REVIEWED THROUGH THE STATE OF NEW JERSEY DEPARTMENT OF TREASURY. IN ADDITION, THE ORGANIZATION'S BYLAWS ARE POSTED ON ITS WEBSITE: WWW.NJSBA.COM. CORE FORM, PART XII, QUESTION 2 AN INDEPENDENT CPA FIRM AUDITED THE FINANCIAL STATEMENTS OF THE TAXPAYER FOR THE YEARS ENDED JUNE 30, 2023 AND JUNE 30, 2022; RESPECTIVELY AND ISSUED A FINANCIAL STATEMENT. THE ORGANIZATION'S FINANCE AND OPERATIONS COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR. NEW JERSEY STATE BAR FOUNDATION ONE CONSTITUTION SQUARE NEW BRUNSWICK NJ 08901 226074475 PHILANTHROPY NJ 501(C)(3) 7 NJSBA false false false false true false false false false false false true true false true true false true false false NEW JERSEY STATE BAR FOUNDATION K 577087 COST NEW JERSEY STATE BAR FOUNDATION O 809746 COST