2025-12-24T14:01:56-06:00 2024-10-31 871353108 EISNER ADVISORY GROUP LLC 733 THIRD AVENUE NEW YORK NY 100172703 990 2023-11-01 871776524 NACT SOMERSET INC C/O MICHELE FRIEDMAN NACT 9178636195 1440 LAKEFRONT DRIVE 2302 SARASOTA FL 34240 MICHELE FRIEDMAN EXECUTIVE DIRECTOR 9178636195 2025-12-24 1 1 PETER KUTNER P00446949 2129498700 2023 2025-03-06 01:10:19Z MICHELE FRIEDMAN 1440 LAKEFRONT DRIVE 2302 SARASOTA FL 34240 4932848 0 X WWW.CAMPTRUST.ORG X 2021 NJ NACT SOMERSET IS TO PRESERVE AND EXPAND TRADITIONAL DAY AND OVERNIGHT SUMMER CAMP AND TO PROVIDE CAMP EXPERIENCES TO CHILDREN IN NEED. 4 4 296 4 0 0 0 0 0 4876282 0 56566 0 0 0 4932848 0 1000 0 0 0 1794281 0 0 0 0 2542277 0 4337558 0 595290 0 16035882 0 14673432 0 1362450 X 100 PERCENT OF NACT SOMERSET, INC. (NACT SOMERSET)'S CHARITABLE ACTIVITIES CONSIST OF PRESERVING AND EXPANDING THE TRADITIONAL DAY AND OVERNIGHT CHILDREN'S SUMMER CAMP EXPERIENCE BY (1) ACQUIRING, DEVELOPING, OPERATING AND MAINTAINING SUMMER CAMP FACILITIES, (2) PROTECTING CAMP LANDSCAPES FROM DEVELOPMENT, (3) RAISING FUNDS TO PROVIDE FINANCIAL ASSISTANCE TO ALLOW CHILDREN OF LIMITED MEANS TO ATTEND SUMMER CAMP, AND (4) PROVIDING FREE OR LOW COST SUMMER CAMP PROGRAMS FOR CHILDREN WHO HAVE FINANCIAL, MEDICAL OR OTHER CHALLENGES. 1 0 4337558 1000 4876282 100 PERCENT OF NACT SOMERSET, INC. (NACT SOMERSET)'S CHARITABLE ACTIVITIES CONSIST OF PRESERVING AND EXPANDING THE TRADITIONAL DAY AND OVERNIGHT CHILDREN'S SUMMER CAMP EXPERIENCE BY (1) ACQUIRING, DEVELOPING, OPERATING AND MAINTAINING SUMMER CAMP FACILITIES, (2) PROTECTING CAMP LANDSCAPES FROM DEVELOPMENT, (3) RAISING FUNDS TO PROVIDE FINANCIAL ASSISTANCE TO ALLOW CHILDREN OF LIMITED MEANS TO ATTEND SUMMER CAMP, AND (4) PROVIDING FREE OR LOW COST SUMMER CAMP PROGRAMS FOR CHILDREN WHO HAVE FINANCIAL, MEDICAL OR OTHER CHALLENGES. 4337558 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 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 1 2 0 1 296 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X MICHELE FRIEDMAN 9178636195 1440 LAKEFRONT DRIVE 2302 SARASOTA FL 34240 X MICHELE FRIEDMAN ADMINISTRATIVE OFFICER 10.00 X X 0 0 0 JONATHAN GOLD PRESIDENT/TRUSTEE 1.00 X X 0 0 0 SCOTT ROTHCHILD TREASURER/TRUSEE 1.00 X X 0 0 0 JEFFREY LEIKIN TRUSTEE 1.00 X 0 0 0 0 0 0 0 0 0 0 0 TUITION INCOME 611600 4876282 4876282 4876282 56566 56566 4932848 4876282 0 56566 1000 1000 1529931 1529931 264350 264350 60000 60000 8624 8624 65508 65508 82034 82034 7234 7234 458995 458995 103629 103629 127508 127508 TRANSPORTATION 452143 452143 CAMP PROGRAMS 441855 441855 REPAIRS AND MAINTENANCE 222035 222035 UTILITIES 183181 183181 329531 329531 4337558 4337558 0 0 781064 10475064 103629 0 10371435 0 4883383 0 16035882 64686 0 14608746 0 14673432 X 1362450 0 1362450 0 16035882 X 595290 767160 X X 0 1 X 1 0 X 0 0 0 4876282 4876282 4876282 4876282 0 0 0 4876282 0 0 0 56566 56566 56566 56566 4932848 4932848 X 2100000 2100000 6900000 57000 6843000 1475064 46629 1428435 10371435 FUNDS HELD IN TRUST - DEBT SERVICE FUND 933107 FUNDS HELD IN TRUST - PRINCIPAL AND INTEREST FUND 231566 GOODWILL 3718710 4883383 NJEDA BONDS PAYABLE 10528613 NOTES PAYABLE 3500000 ACCRUED INTEREST 197045 DEFERRED TUITION REVENUE 373088 DUE TO AFFILIATE 10000 14608746 X 5151038 218190 218190 4932848 0 4932848 4555748 218190 218190 4337558 0 4337558 PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF OCTOBER 31, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE THE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY. THERE WERE NO INCOME TAX-RELATED INTEREST AND PENALTIES RECORDED FOR THE YEAR ENDED OCTOBER 31, 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS - TUITION INCOME PART XII, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS - TUITION EXPENSE 0 FORM 990, PART III, LINE 2 100 PERCENT OF NACT SOMERSET, INC. (NACT SOMERSET)'S CHARITABLE ACTIVITIES CONSIST OF PRESERVING AND EXPANDING THE TRADITIONAL DAY AND OVERNIGHT CHILDREN'S SUMMER CAMP EXPERIENCE BY (1) ACQUIRING, DEVELOPING, OPERATING AND MAINTAINING SUMMER CAMP FACILITIES, (2) PROTECTING CAMP LANDSCAPES FROM DEVELOPMENT, (3) RAISING FUNDS TO PROVIDE FINANCIAL ASSISTANCE TO ALLOW CHILDREN OF LIMITED MEANS TO ATTEND SUMMER CAMP, AND (4) PROVIDING FREE OR LOW COST SUMMER CAMP PROGRAMS FOR CHILDREN WHO HAVE FINANCIAL, MEDICAL OR OTHER CHALLENGES. FORM 990, PART VI, SECTION B, LINE 11B THE COPY OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS AT THEIR MEETING PRIOR TO THE FORM BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS PERFORMED AND REVIEWED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINE AND APPROVE COMPENSATION OF THE ORGANIZATIONS OFFICERS AND KEY EMPLOYEES BASED UPON INDUSTRY NORMS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ALL OF ITS RELEVANT INFORMATION AVAILABLE TO THE PUBLIC ON REQUEST FROM THEIR OFFICE LOCATION. FORM 990, PART XI, LINE 9: CAPITAL CONTRIBUTIONS 767,160. FORM 990, PART XI, LINE 2C: THE ORGANIZATION'S PROCESS FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE BOARD REVIEWS THE AUDITED FINANCIALS WITH THE AUDIT FIRM BEFORE THE BOARD APPROVES THE ISSUANCE OF THE FINANCIALS.