2024-11-01T11:35:13-05:00 2023-12-31 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2023-01-01 223141480 PARK AVENUE FOUNDATION INC PARK 9733018233 184 PARK AVENUE FLORHAM PARK NJ 07932 ANDREW BOLES PRESIDENT 9733018233 2024-10-11 1 0 ALEXANDER LAZZARUOLO P01775353 2126617777 2023 2024-10-15 13:58:12Z ANDREW BOLES 184 PARK AVENUE FLORHAM PARK NJ 07932 881742 0 X N/A X 1991 NJ TO RAISE FUNDS EXCLUSIVELY FOR THE BENEFIT OF AND SUPPORT OF THE MEMBER NON-PROFITS. 10 10 0 10 0 0 166352 53761 0 0 73407 88824 273099 347023 512858 489608 0 0 0 0 0 0 0 0 0 715017 702217 715017 702217 -202159 -212609 14460573 13933005 4927222 4726289 9533351 9206716 TO RAISE FUNDS EXCLUSIVELY FOR THE BENEFIT OF AND SUPPORT OF THE MEMBER NON-PROFITS. 0 0 662588 TO RAISE FUNDS TO BE DISTRIBUTED TO VARIOUS CHARITABLE ORGANIZATIONS. 662588 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X WILLIAM F MARKERT 9739604898 6 PARK HILL COURT MORRIS PLAINS NJ 07950 X ANDREW BOLES PRESIDENT 5.00 X X 0 0 0 PATRICIA SLY VICE PRESIDENT 1.00 X X 0 0 0 JOSEPH PAWELCZYK TREASURER 5.00 X X 0 0 0 NELSON SCHAENEN JR SECRETARY 1.00 X X 0 0 0 CHARLES RUBIN TRUSTEE 1.00 X 0 0 0 WILLIAM VIERBUCHEN TRUSTEE 1.00 X 0 0 0 GERALD MALONEY TRUSTEE 1.00 X 0 0 0 PETER DONNELLY TRUSTEE 1.00 X 0 0 0 SHELBY RHODES TRUSTEE 1.00 X 0 0 0 BARBARA KELLER TRUSTEE 1.00 X 0 0 0 0 0 0 0 0 0 0 0 51260 2501 53761 88824 88824 279579 0 279579 279579 279579 300000 300000 0 158678 51260 92134 66544 66544 OTHER 900099 900 900 900 489608 0 0 435847 19218 19218 3223 3223 5675 5619 56 226425 226425 426384 426384 2492 2492 MISCELLANEOUS 16932 16932 REPAIR AND MAINTENANCE 1668 1668 RECOGNITION AWARDS 200 200 702217 662588 39629 0 1320098 1318866 933908 798927 16207290 7165002 9300566 9042288 2906001 2772924 14460573 13933005 2642 4927222 4723647 4927222 4726289 X 9393351 9206466 140000 250 9533351 9206716 14460573 13933005 X -212609 5974 -120000 X 0 1 X 1 0 X X 12 BOYS AND GIRLS CLUBS OF NEWARK INC 221515405 7 1 34392 0 CAMP NEJEDA FOUNDATION INC 220019138 7 1 3000 0 COMMUNITY FOODBANK OF NEW JERSEY INC 222423882 7 1 13524 0 FAMILY RESOURCES NETWORK INC 134205042 7 1 6000 0 HARTMANN RHODES CHARITIES 822430029 7 1 3000 0 JERSEY BATTERED WOMEN'S SERVICE INC 222170048 7 1 4056 0 MORRIS HABITAT FOR HUMANITY INC 222675802 7 1 4056 0 MUSEUM OF EARLY TRADES & CRAFTS INC 237029776 7 1 6000 0 PATRIOTS PATH COUNCIL INC 223661431 7 1 20280 0 PG CHAMBERS SCHOOL 221551480 7 1 13524 0 THE MORRIS MUSEUM INC 221514241 7 1 8112 0 WHARTON INSTITUTE FOR THE PERFORMING ARTS INC 222609457 7 1 4056 0 12 120000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 140000 250 140000 250 141500 15000 16500 140000 141500 141500 157300 15000 30800 141500 231410 14500 88610 157300 1.00000 0 0 2272932 2272932 13559018 6845789 6713229 348913 319213 29700 26427 26427 9042288 DUE FROM PARK AVENUE CLUB, INC. 2772924 2772924 495582 5974 5974 489608 0 489608 702217 0 702217 0 702217 PART V, LINE 4: THE FOUNDATION REPORTS CONTRIBUTIONS AS TEMPORARILY RESTRICTED SUPPORT IF THEY ARE RECEIVED WITH DONOR STIPULATIONS THAT LIMIT THE USE OF THE DONATED ASSETS. WHEN A DONOR STIPULATE EXPIRES, THAT IS, WHEN A STIPULATED TIME RESTRICTION ENDS OR THE PURPOSE OF THE RESTRICTION IS ACCOMPLISHED, TEMPORARILY RESTRICTED NET ASSETS ARE RECLASSIFIED TO UNRESTRICTED NET ASSETS AND REPORTED IN THE STATEMENT OF ACTIVITIES AS NET ASSETS RELEASED FROM RESTRICTIONS. GALA 127558 12180 115378 31320 10700 1800 GOLF OUTING 82380 39080 43300 1560 24990 17794 3970 209938 51260 158678 1560 24990 49114 10700 5770 92134 66544 FORM 990, PART VI, SECTION A, LINE 6 THE PARK AVENUE FOUNDATION, INC. (THE "FOUNDATION") WAS INCORPORATED AS A MEMBERSHIP ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE FOUNDATIONS MEMBERS APPROVE THE ELECTION, RE-ELECTION, APPOINTMENT, REAPPOINTMENTS AND REMOVAL OF ALL OFFICERS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS HAVE THE RIGHT TO: -TO AMEND, REVISE OR RESTATE THE CORPORATION'S CERTIFICATE OF INCORPORATION AND BY-LAWS, AND TO APPROVE ALL AMENDMENTS OR REVISIONS TO THE CORPORATION'S CERTIFICATE OF INCORPORATION AND BY-LAWS THAT MAY BE PROPOSED BY THE BOARD OF TRUSTEES BEFORE THEY BECOME EFFECTIVE. -TO CONSOLIDATE OR MERGE THE CORPORATION WITH ANOTHER CORPORATION OR ENTITY OR TO ACQUIRE SUBSTANTIALLY ALL OF THE ASSETS OF ANOTHER CORPORATION OR ENTITY. -TO APPROVE ANY CAPITAL EXPENDITURE BY THE CORPORATION IN EXCESS OF $50,000, UNLESS SPECIFICALLY AUTHORIZED IN THE CORPORATION'S APPROVED BUDGETS. -TO BORROW MONEY AND LEND MONEY IN THE AMOUNT OF $50,000 OR MORE, WHETHER IN A SINGLE TRANSACTION OR SERIES OF RELATED TRANSACTIONS, AND WHETHER OR NOT SUCH BORROWINGS ARE TO BE SECURED BY A MORTGAGE, PLEDGE OR OTHER LIEN ON THE CORPORATIONS CURRENT OR FUTURE PROPERTY. -TO AUTHORIZE THE CORPORATION TO ENTER, AMEND OR MODIFY OR TERMINATE ANY AGREEMENT FOR THE MANAGEMENT OF THE PROPERTY LEASED BY THE CORPORATION TO THE PARK AVENUE CLUB, INC. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 WAS DISTRIBUTED TO ALL TRUSTEES PRIOR TO A BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C A REVIEW OF THE TRUSTEE CONFLICT OF INTEREST DISCLOSURES IS CONDUCTED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE BY WRITTEN REQUEST. FORM 990, PART XI, LINE 9: GRANTS TO MEMBER NON-PROFITS -120,000.