2024-05-15T12:53:00-05:00 2023-12-31 221914888 NISIVOCCIA LLP 11 LAWRENCE ROAD NEWTON NJ 07860 990 2023-01-01 220928500 FUEL MERCHANTS ASSOCIATION OF NJ FUEL 9734671400 21 COMMERCE DR SUITE 202 CRANFORD NJ 07016 ERIC DEGESERO EXECUTIVE VICE PRESIDENT 9733831421 2024-05-15 1 ERIC DEGESERO 999009999 0 ANTHONY RISPOLI P02467381 9733836699 2024-05-14 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z ERIC DEGESERO 21 COMMERCE DR SUITE 202 CRANFORD NJ 07016 2088479 0 X FMANJ.ORG X 1933 NJ TO PROMOTE THE USE OF PETROLEUM PRODUCTS AND THE WELFARE OF INDEPENDENT MOTOR FUEL AND HEATING FUEL PETROLEUM MARKETERS AND CONSUMERS. AS THE NATURE OF THE BUSINESS OF THOSE MEMBERS WHO SELL HEATING FUEL HAS EVOLVED OVER THE DECADES, INDEPENDENT PETROLEUM MARKETERS ENGAGED IN THE BUSINESS OF DELIVERY OF HEATING FUEL AND MOTOR FUEL HAVE EVOLVED/DIVERSIFIED FROM SIMPLY DELIVERING HEATING FUEL AND PROVIDING SOME HEATING OIL EQUIPMENT REPAIR FOR THE BENEFIT OF THEIR CONSUMERS TO NOW INCLUDE OFFERING A FULL SUITE OF HVAC (HEATING AND AIR CONDITIONING) INSTALLATION AND SERVICES. 30 29 2 45 195573 150527 41752 159383 1436760 1627262 70167 97222 131266 129201 1679945 2013068 0 0 0 0 426084 471685 0 0 0 1119025 1426680 1545109 1898365 134836 114703 2427323 2212850 1402727 1032853 1024596 1179997 X TO PROMOTE THE USE OF PETROLEUM PRODUCTS AND THE WELFARE OF INDEPENDENT MOTOR FUEL AND HEATING FUEL PETROLEUM MARKETERS AND CONSUMERS. AS THE NATURE OF THE BUSINESS OF THOSE MEMBERS WHO SELL HEATING FUEL HAS EVOLVED OVER THE DECADES, INDEPENDENT PETROLEUM MARKETERS ENGAGED IN THE BUSINESS OF DELIVERY OF HEATING FUEL AND MOTOR FUEL HAVE EVOLVED/DIVERSIFIED FROM SIMPLY DELIVERING HEATING FUEL AND PROVIDING SOME HEATING OIL EQUIPMENT REPAIR FOR THE BENEFIT OF THEIR CONSUMERS TO NOW INCLUDE OFFERING A FULL SUITE OF HVAC (HEATING AND AIR CONDITIONING) INSTALLATION AND SERVICES. 0 0 767314 1514882 CONVENTIONS & MEETINGS REGARDING THE OIL HEAT INDUSTRY. 326390 19047 NATIONAL & DEALER ADVERTISING - PROMOTION OF THE OIL INDUSTRY. 25249 26961 MISCELLANEOUS SERVICE & EDUCATION - TRAINING, SEMINARS AND PAMPHLETS REGARDING THE OIL HEAT INDUSTRY. 1118953 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 2 1 1 1 0 0 0 1 1 0 0 0 X 30 29 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 9734671400 21 COMMERCE DR SUITE 202 CRANFORD NJ 07016 TIM BERGIN TRUSTEE 2.00 X 0 0 0 JENNIFER PIERSON TRUSTEE 2.00 X 0 0 0 STEVEN A FOULK PRESIDENT 2.00 X X 0 0 0 CHARLES BRAND TRUSTEE 2.00 X 0 0 0 WILLIAM D LAWES TRUSTEE 2.00 X 0 0 0 ROBERT VAN VARICK TRUSTEE 2.00 X 0 0 0 EDWARD A MILLER TRUSTEE 2.00 X 0 0 0 GREG HOUGH VICE PRESIDENT 2.00 X X 0 0 0 TEDD TESCHNER TRUSTEE 2.00 X 0 0 0 ED ANYZEK JR TRUSTEE 2.00 X 0 0 0 SCOTT MAJKA VICE PRESIDENT 2.00 X X 0 0 0 EDWARD DUFFY TRUSTEE 2.00 X 0 0 0 GINA CERRATO TRUSTEE 2.00 X 0 0 0 MIKE VAN DOREN TRUSTEE 2.00 X 0 0 0 DAVID NEILL TRUSTEE 2.00 X 0 0 0 BIKRAM GILL TRUSTEE 2.00 X 0 0 0 SHELLEY FREDERICKS VICE PRESIDENT/TREASURER 2.00 X X 0 0 0 ALEX TULLO VICE PRESIDENT 2.00 X X 0 0 0 RYAN RAMSEY TRUSTEE 2.00 X 0 0 0 NATALIE CLUEN TRUSTEE 2.00 X 0 0 0 WILL FREDERICKS TRUSTEE 2.00 X 0 0 0 JD STEM TRUSTEE 2.00 X 0 0 0 DON HEWITT TRUSTEE 2.00 X 0 0 0 SALLY PIERSON TRUSTEE 2.00 X 0 0 0 JOSEPH PRISSEL TRUSTEE 2.00 X 0 0 0 STEVE RIGGINS TRUSTEE 2.00 X 0 0 0 ALEX TULLO JR TRUSTEE 2.00 X 0 0 0 ROBERT WOODRUFF JR VICE PRESIDENT 2.00 X X 0 0 0 NORM WOOLLEY JR TRUSTEE 2.00 X 0 0 0 ERIC DEGESERO EXECUTIVE VICE PRESIDENT/S 40.00 X 277000 0 31206 277000 0 31206 1 0 1 0 MARATHON PUBLIC AFFAIRS LLC 458 SYCAMORE AVENUE SHREWSSBURY NJ 07702 PUBLIC AFFAIRS 238100 1 159383 159383 CONVENTION & TRADE SHO 900099 972570 972570 MEMBERSHIP DUES 900099 542312 542312 CONSULTING 900099 93333 93333 MISC SERVICE & EDUCATI 900099 19047 19047 1627262 90703 90703 102240 102240 81930 75411 6519 6519 6519 ROSTER 900099 26961 26961 26961 2013068 1560890 195573 97222 308206 308206 132435 132435 4128 4128 1968 1968 24948 24948 46357 46357 25562 9099 16463 326390 326390 15449 15449 47197 47197 709349 697458 11891 31653 31653 1702 1702 14293 14293 UNRELATED BUSINESS TAX 30153 30153 DUES AND SUBSCRIPTIONS 74321 74321 MISC SVC & EDUCATION 25249 25249 MISCELLANEOUS 23574 23574 55431 14400 41031 1898365 1118953 779412 0 394167 368718 241320 200385 337299 245953 140139 164031 91321 88335 4688 2986 1180982 1146269 128728 84508 2427323 2212850 91876 90224 659679 603838 651172 338791 1402727 1032853 X 825607 981008 198989 198989 1024596 1179997 2427323 2212850 114703 40698 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 542312 561548 888586 1450134 352503 189809 44878 44878 0 46443 43457 2986 2986 SECURITIES BASED LINE OF CREDIT 259000 OPERATING LEASE - LIABILITY 79791 338791 X 2053766 40698 40698 2013068 0 2013068 1898365 0 1898365 0 1898365 PART X, LINE 2: THE ASSOCIATION IS AN APPROVED CHARITABLE, NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THE ASSOCIATION IS AN EXEMPT ENTITY UNDER TITLE 15 OF THE STATE OF NEW JERSEY, CORPORATIONS AND ASSOCIATIONS NOT-FOR-PROFIT ACT. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAX HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT HAS STATED THAT ALL REQUIRED TAX RETURNS WILL BE FILED AND APPLICABLE TAXES PAID IN A TIMELY MANNER. THE ASSOCIATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ON A PORTION OF ITS CONSULTING INCOME. THE ASSOCIATION FOLLOWS THE PROVISIONS OF FASB ASC, INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION AS THEY RELATE TO THOSE TAX POSITIONS. THE ADOPTION OF THIS CHANGE IN ACCOUNTING PRINCIPLE HAD NO CUMULATIVE EFFECT ON AMOUNTS RECORDED IN THE FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. THE ASSOCIATION DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE YEAR ENDED DECEMBER 31, 2023 AND 2022. HOWEVER, THE ASSOCIATION IS SUBJECT TO REGULAR AUDIT BY TAX AUTHORITIES, INCLUDING A REVIEW OF ITS NONPROFIT STATUS, WHICH THE ASSOCIATION BELIEVES WOULD BE UPHELD UPON EXAMINATION. THE ASSOCIATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED FOR EACH YEAR. THE ASSOCIATION FILES AN INFORMATIONAL TAX RETURN WITH THE INTERNAL REVENUE SERVICE ON AN ANNUAL BASIS - FORM 990. IN ADDITION, THE ASSOCIATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES, WHICH REQUIRES THE ASSOCIATION TO FILE FORM 990-T WITH THE IRS. THE ASSOCIATION IS NO LONGER SUBJECT TO TAX EXAMINATIONS BY THE INTERNAL REVENUE SERVICE FOR FEDERAL TAX RETURNS WITHIN CERTAIN STATUTORILY DEFINED PERIODS. 1 X 0 0 0 ERIC DEGESERO EXECUTIVE VICE PRESIDENT/S 277000 0 0 0 0 0 9810 0 21396 0 308206 0 0 0 PART I, LINE 3 THE COMPENSATION OF THE EXECUTIVE VICE PRESIDENT IS DETERMINED BY A COMPENSATION COMMITTEE CHOSEN FROM MEMBERS OF THE BOARD AN INDEPENDENT BODY. FORM 990, PART VI, SECTION A, LINE 2 TREASURER SHELLEY FREDERICKS IS THE MOTHER OF TRUSTEE WILL FREDERICKS. PRESIDENT JENNIFER PIERSON IS THE SISTER OF TRUSTEE SALLY PIERSON. VICE PRESIDENT ALEX TULLO IS THE FATHER OF TRUSTEE ALEX TULLO, JR. FORM 990, PART VI, SECTION B, LINE 11B FUEL MERCHANTS ASSOCIATION OF NEW JERSEY HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PROVIDED TO THE MEMBERS OF THE ORGANIZATIONS GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH A REASONABLE AMOUNT OF TIME TO REVIEW THE FORM 990. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED THROUGH MANAGEMENT TO THE OUTSIDE ACCOUNTING FIRM. ANY APPLICABLE ISSUES ARE ADDRESSED PRIOR TO THE RETURN BEING FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C FUEL MERCHANTS ASSOCIATION OF NEW JERSEY CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, THE GOVERNING BODY AND MANAGEMENT WILL INVESTIGATE THE ISSUE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST MANAGEMENT AND THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY. THE MEMBER WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THAT THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORGANIZATIONS OFFICERS OR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES, AN INDEPENDENT BODY. FORM 990, PART VI, SECTION C, LINE 19 FUEL MERCHANTS ASSOCIATION OF NEW JERSEY MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 21 COMMERCE DR. NO. 202, CRANFORD, NJ 07016. IN ADDITION FORM 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990 PART XII, LINE 2C THERE WAS NO CHANGE FORM THE PRIOR YEAR.