Nonprofit · EIN 99-1044678
TS 2 DEVELOPMENT CORPORATION
Also known as COOPERMAN FAMILY ARTS & ED CENTER
Tax-exempt · NEWARK, NJ 07102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $882,131 | $0 | $882,131 | $25,692,595 | $24,554,829 | $1,137,766 |
| June 30, 2024 | 990 | $293,307 | $37,673 | $255,634 | $25,257,152 | $25,001,518 | $255,634 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $882,131
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $25,257,153
- Total assets, end of year
- $25,692,595
- Total liabilities, end of year
- $24,554,829
- Net assets, end of year
- $1,137,766
- Land, buildings and equipment
- $7,127,062
- Net assets without donor restrictions
- $1,137,766
- Gross receipts
- $882,131
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2024
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN SCHREIBER | PRESIDENT, CEO & CHAIR Trustee or director, Officer | 1 | $0 | $1,323,687 | $655,177 |
| TIMOTHY LIZURA | EXECUTIVE VICE PRESIDENT Officer | 1 | $0 | $445,642 | $24,811 |
| JEFFREY JACOB | SENIOR VICE PRESIDENT (END 4/2025) Officer | 1 | $0 | $330,647 | $8,074 |
| MARY C JAFFA | VICE PRESIDENT Officer | 1 | $0 | $271,552 | $5,802 |
| STEVEN M GOLDMAN ESQ | SECRETARY Trustee or director | 1 | $0 | $0 | $0 |
| LINDA CALDWELL EPPS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ANNE E ESTABROOK | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GREGG GERKEN | TREASURER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN SCHREIBER | PRESIDENT & CEO Trustee or director, Officer | 1 | $0 |
| STEVEN M GOLDMAN ESQ | BOARD MEMBER Trustee or director | 1 | $0 |
| LINDA CALDWELL EPPS | BOARD MEMBER Trustee or director | 1 | $0 |
| ANNE E ESTABROOK | BOARD MEMBER Trustee or director | 1 | $0 |
| GREGG GERKEN | BOARD MEMBER Trustee or director | 1 | $0 |
| TIMOTHY LIZURA | EXECUTIVE VICE PRESIDENT Officer | 1 | $0 |
| JEFFREY JACOB | SENIOR VICE PRESIDENT Officer | 1 | $0 |
| MARY C JAFFA | VICE PRESIDENT Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 18 CENTER STREET, NEWARK, NJ 07102-0000
- In care of
- % NJPAC
- Principal officer (990 for 2024)
- JOHN SCHREIBER, ONE CENTER STREET, NEWARK, NJ 07102
- Signed the 990
- MARY JAFFA, VICE PRESIDENT
- Phone
- (973) 642-8989
- Website
- WWW.NJPAC.ORG
- Return prepared by
- KPMG LLP
Mission
ACQUIRE, LEASE, RENOVATE AND IMPROVE REAL ESTATE AND TO ACQUIRE PUBLIC FINANCING AND TAX CREDIT FINANCING IN SUPPORT OF THE NEW JERSEY PERFORMING ARTS CENTER, A RELATED TAX-EXEMPT ORGANIZATION.
Program accomplishments
- REAL ESTATE DEVELOPMENT: ACQUIRE, LEASE, RENOVATE AND IMPROVE REAL ESTATE AND TO ACQUIRE PUBLIC FINANCING AND TAX CREDIT FINANCING IN SUPPORT OF THE NEW JERSEY PERFORMING ARTS CENTER, A RELATED TAX-EXEMPT ORGANIZATION.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 99-1044678
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type II
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2024
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A19)
- Assets (IRS master file)
- $25,692,595
- Income (IRS master file)
- $882,131
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $882,131 | $0 | $25,692,595 | IRS |
| 990 | June 2024 | $293,307 | $37,673 | $25,257,152 | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 99-1044678).
Questions about TS 2 DEVELOPMENT CORPORATION
- What is the EIN of TS 2 DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of TS 2 DEVELOPMENT CORPORATION is 99-1044678.
- Is TS 2 DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to TS 2 DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does TS 2 DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TS 2 DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TS 2 DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of TS 2 DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names JOHN SCHREIBER.
- Who are the officers and directors of TS 2 DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does TS 2 DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $882,131, expenses of $0 and total assets of $25,692,595 at year end.
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