2024-10-22T11:34:24-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 150 S WARNER ROAD SUITE 310 KING OF PRUSSIA PA 19406 990 2023-01-01 205036346 JON BON JOVI SOUL FOUNDATION JONB 2156360420 1600 MARKET STREET 2600 PHILADELPHIA PA 19103 LEO CARLIN JR PRESIDENT 2156360421 2024-10-19 1 0 WILLIAM A LOUGHERY P01603932 2156433900 2024-10-19 2023 2024-10-15 13:58:12Z LEO CARLIN JR 1600 MARKET STREET 2600 PHILADELPHIA PA 19103 1988467 0 X WWW.JBJSOULFOUNDATION.ORG X 2006 PA BREAKING THE CYCLE OF POVERTY, HOMELESSNESS, AND HUNGER IN COMMUNITIES ACROSS AMERICA. 7 7 16 4556 0 0 997781 1234596 347457 424459 50783 45626 0 0 1396021 1704681 333200 80250 0 0 889250 944831 0 0 90029 587069 703124 1809519 1728205 -413498 -23524 2723451 2944719 67861 110087 2655590 2834632 X THE MISSION IS TO BREAK THE CYCLE OF POVERTY, HUNGER AND HOMELESSNESS THROUGH DEVELOPING PARTNERSHIPS, CREATING PROGRAMS AND PROVIDING GRANT FUNDING TO SUPPORT INNOVATIVE COMMUNITY BENEFIT ORGANIZATIONS. 1 0 1249868 0 424459 IN OCTOBER 2011, THE FOUNDATION OPENED ITS FIRST JBJ SOUL KITCHEN IN RED BANK, NEW JERSEY, TO ADDRESS LOCAL ISSUES OF FOOD INSECURITY. A SECOND JBJ SOUL KITCHEN OPENED IN MAY 2016 IN TOMS RIVER, NEW JERSEY, AS PART OF THE B.E.A.T. CENTER, A UNIQUE, COLLABORATIVE EFFORT WITH OTHER NONPROFITS. A THIRD LOCATION OPENED IN JANUARY 2020 ON THE CAMPUS OF RUTGERS UNIVERSITY - NEWARK, NEW JERSEY TO ADDRESS THE ISSUE OF HUNGER ON COLLEGE CAMPUSES. IN FEBRUARY 2023 A FOURTH LOCATION OPENED ON THE COLLEGE CAMPUS OF NORTH JERSEY CITY UNIVERSITY - JERSEY CITY, NEW JERSEY TO ADDRESS STUDENT FOOD INSECURITY. THE COMMUNITY KITCHENS HAVE SERVED OVER 187,340 NUTRITIOUS, DELICIOUS MEALS SINCE THEIR INCEPTION AND HAVE SERVED 57% OF THEIR MEALS TO THOSE UNABLE TO PAY. PAYING DINERS CAN AFFECT CHANGE BY PAYING MORE THAN THE SUGGESTED MINIMUM DONATION BY "PAYING IT FORWARD". FOR THOSE WHO ARE UNABLE TO MAKE A DONATION FOR THEIR MEAL, THEY ARE INVITED TO COME IN, ENJOY A MEAL AND LEARN HOW THEY CAN BE PART OF THE JBJ SOUL KITCHEN COMMUNITY BY VOLUNTEERING. 333200 80250 0 PROGRAM GRANTS AND EXPENSES FOR AFFORDABLE HOUSING AND ADDRESSING FOOD INSECURITY ASSOCIATED WITH THE ORGANIZATION'S MISSION OF WORKING TO SUPPORT THOSE EXPERIENCING HOMELESSNESS. THIS YEAR A FOCUS WAS DIRECTED TOWARD PROVIDING FUNDING FOR THE CREATION OF AFFORDABLE HOUSING FOR VETERANS AND SAFE SHELTER FOR THOSE SUFFERING FROM ADDICTION. 1583068 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 4 0 16 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 7 7 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 PA NY NJ X X HEATHER GOLDFARB 2156360420 1600 MARKET STREET SUITE 2600 PHILADELPHIA PA 19103 JON BON JOVI BOARD CHAIR 5.00 X X 0 0 0 CRAIG SPENCER BOARD VICE-CHAIR 5.00 X X 0 0 0 LEO CARLIN JR BOARD PRESIDENT 5.00 X X 0 0 0 MIMI BOX BOARD VICE-PRESIDENT 5.00 X X 0 0 0 STEVE PERNA BOARD VICE-PRESIDENT 5.00 X X 0 0 0 PAUL KORZILIUS BOARD TREASURER 5.00 X X 0 0 0 SR MARY SCULLION BOARD MEMBER 5.00 X 0 0 0 HEATHER GOLDFARB EXEC. DIR, ASST. TREASURER 40.00 X 100962 0 0 SARA PETERS BOARD SECRETARY 5.00 X 0 0 0 100962 0 0 1 0 0 0 0 81192 1153404 263732 1234596 KITCHEN PROGRAM INCOME 900099 424459 424459 424459 67977 67977 217082 239433 -22351 -22351 -22351 44353 81192 44353 0 1704681 424459 0 45626 80250 80250 100962 49875 16760 34327 681814 656893 2592 22329 38089 35266 724 2099 123966 111053 3282 9631 708 464 63 181 14589 14589 11085 11085 3765 3765 6913 6565 59 289 104542 88547 1906 14089 16532 10838 1460 4234 93155 93155 13593 11630 1853 110 13312 13312 27841 25173 684 1984 FOOD AND SUPPLIES 260868 260868 KITCHEN PROGRAM 111666 110938 728 REPAIRS AND MAINTENANCE 17970 17970 EVENT EXPENSES 6206 6206 379 300 51 28 1728205 1583068 55108 90029 224272 39884 400723 526647 85432 68633 25167 10278 501525 496004 15759 5521 1904606 2267167 7005 5137 60487 21452 2723451 2944719 11787 92430 56074 17657 67861 110087 X 2554960 2717793 100630 116839 2655590 2834632 2723451 2944719 -23524 202566 0 X 0 1 X 1 0 X 767834 787591 1010196 997781 1234596 4797998 767834 787591 1010196 997781 1234596 4797998 1803712 2994286 94838 76035 90020 59099 67977 387969 5185967 1805262 0.57740 0.61350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 462377 456856 5521 39148 39148 0 5521 RIGHT-OF-USE LIABILITY 17657 17657 X 1902554 202566 6392 208958 1693596 11085 11085 1704681 1723512 6392 6392 1717120 11085 11085 1728205 PART X, LINE 2: THE FOUNDATION IS CLASSIFIED AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE IRC AND, THEREFORE, DOES NOT NEED A PROVISION FOR FEDERAL INCOME TAXES. THE FOUNDATION FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THE FOUNDATION BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS THAT NEED TO BE DISCLOSED IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. JBJ GOLF OUTING 92155 57972 34183 3600 10800 10023 9760 JBJ CHILI COOK-OFF 33390 23220 10170 70 3340 2040 4720 125545 81192 44353 3600 70 14140 12063 14480 44353 0 1 PILGRIM BAPTIST CHURCH 172 SHREWSBURY AVENUE RED BANK NJ 07701 223329108 501(C)(3) 15000 0 N/A N/A GRANT TO REPLENISH FUNDS AT JBJ & PBC HOPE & COMFORT CENTER FOR CODE RED SUMMER 2023 AND BLUE WINTER 2023/2024 FIRST BAPTIST CHURCH OF RED BANK 84 MAPLE AVENUE RED BANK NJ 07701 811800536 501(C)(3) 15000 0 N/A N/A GRANT FOR THE HEARTWARMING CENTER - CODE BLUE SHELTER FOR WOMEN ONLY IN MONMOUTH COUNTY FOR WINTER 2023/2024 SOLDIER ON 290 MERRILL ROAD PITTSFIELD MA 01201 043240461 501(C)(3) 50000 0 N/A N/A MATCH GRANT TO HELP BUILD GORDON H. MANSFIELD VETERANS HOUSING IN TEWKSBURY, MA - 21 UNITS FOR FORMERLY HOMELESS VETERANS 3 0 PART I, LINE 2: THE FOUNDATION MONITORS THE USE OF GRANT FUNDS VIA SITE VISITS AND REQUIRED GRANT REPORTS SUBMITTED BY THE ORGANIZATIONS. X 2 263732 FMV 0 0 0 0 SCHEDULE M, PART I, COLUMN (B): THE NUMBER REPORTED IS THE NUMBER OF CONTRIBUTIONS. FORM 990, BOX C: THE FOUNDATION HAS REGISTERED PHILADELPHIA SOUL FOUNDATION AND SOUL FOUNDATION AS FICTITIOUS NAMES. NEITHER NAME IS USED TO SOLICIT CONTRIBUTIONS. FORM 990, PART III, LINE 2 THE JON BON JOVI SOUL FOUNDATION OPENED A FOURTH JBJ SOUL KITCHEN LOCATION ON THE COLLEGE CAMPUS OF NEW JERSEY CITY UNIVERSITY IN JERSEY CITY, NEW JERSEY TO ADDRESS THE ISSUE OF FOOD INSECURITY AMONG THE STUDENTS. FORM 990, PART VI, SECTION A, LINE 2 JON BON JOVI, BOARD CHAIR, AND PAUL KORZILIUS, BOARD TREASURER, HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B THE FOUNDATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THIS FIRM REVIEWS AND DISCUSSES THE FORM 990 WITH ALL BOARD MEMBERS AT A MEETING PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL DIRECTORS, PRINCIPAL OFFICERS, AND, IF APPLICABLE, MEMBERS OF A COMMITTEE WITH GOVERNING-BOARD DELEGATED POWERS. A POTENTIAL CONFLICT MUST BE DISCLOSED TO THE BOARD OR COMMITTEE AS IT ARISES. AFTER DISCLOSURE OF THE POTENTIAL CONFLICT AND ALL MATERIAL FACTS, THE REMAINING BOARD OR COMMITTEE MEMBERS DETERMINE IF A CONFLICT EXISTS. IF A CONFLICT IS IDENTIFIED, THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE, THE BOARD OR COMMITTEE SHALL DETERMINE BY MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER OR NOT TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. AT BOARD MEETINGS PRIOR TO ANY VOTE, MEMBERS WITH A CONFLICT OF INTEREST ARE ASKED TO IDENTIFY THEMSELVES AND REFRAIN FROM VOTING. AT MINIMUM, THE CONFLICT OF INTEREST POLICY REQUIRES AN ANNUAL CONFLICT OF INTEREST STATEMENT BE COMPLETED. FORM 990, PART VI, SECTION B, LINE 15A THE FINANCE COMMITTEE WORKS WITH THE EXECUTIVE DIRECTOR TO SET ANNUAL GOALS AND MAKES A COMPENSATION RECOMMENDATION TO THE BOARD, BASED ON CONTACTS AND SURVEYS IN THE NON-PROFIT INDUSTRY AND INFORMATION FROM SIMILAR-SIZED NON-PROFIT ORGANIZATIONS. THE BOARD DISCUSSES AND VOTES ON THE COMPENSATION RECOMMENDATION. THE DELIBERATION AND FINAL VOTE ARE TIMELY DOCUMENTED IN THE BOARD MINUTES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION B, LINE 15B: NO OTHER COMPENSATED PERSON MEETS THE INTERNAL REVENUE SERVICE DEFINITION OF OFFICER OR KEY EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE BY REQUEST. THE FINANCAL STATEMENTS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE.