2025-10-24T14:00:04-05:00 2024-12-31 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2024-01-01 814373354 GARDEN STATE INITIATIVE INC GARD 8623457275 PO BOX 9180 MORRISTOWN NJ 07963 AUDREY LANE PRESIDENT 8623457275 2025-10-24 1 0 RYAN A HYNSON CPA P03062772 9733281825 2025-10-24 2024 2025-03-06 01:10:19Z AUDREY LANE PO BOX 9180 MORRISTOWN NJ 07963 511605 0 X WWW.GARDENSTATEINITIATIVE.ORG X 2016 NJ TO STRENGTHEN NEW JERSEY BY PROVIDING AN ALTERNATIVE VOICE AND COMMEN-SENSE POLICY SOLUTIONS IN THE STATE. 7 7 1 7 0 0 439890 503623 0 0 63 204 0 1001 439953 504828 0 0 0 0 89731 77064 0 0 7036 305712 341629 395443 418693 44510 86135 249292 329295 19715 13583 229577 315712 X THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO STRENGTHEN NEW JERSEY BY PROVIDING AN ALTERNATIVE VOICE AND COMMON-SENSE POLICY SOLUTIONS IN THE STATE, SOLUTIONS THAT PROMOTE NEW INVESTMENT, THE GROWTH OF BUSINESSES, THE CREATION OF ECONOMIC OPPORTUNITIES AND INNOVATION TO THE BENEFIT OF ALL NEW JERSEYANS. 0 0 346704 1001 PROMOTE JOB GROWTH THROUGH RESEARCH AND FACT-BASED POLICY ANALYSIS THAT PROMOTES IN NEW JERSEY: TAX REFORM, REDUCING UNAFFORDABLE STATE GOVERNMENT SPENDING AND INFRASTTRUCTURE INVESTMENTS THAT DRIVE AND DELIVER ECONOMIC GROWTH. 346704 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NJ NY PA X AUDREY LANE 8623457275 PO BOX 9180 MORRISTOWN NJ 07963 THOMAS HEALEY SECRETARY 5.00 X X 0 0 0 DIPAL PATEL TREASURER 5.00 X X 0 0 0 LAWRENCE MONE BOARD MEMBER 5.00 X 0 0 0 ROBERT HUGIN BOARD MEMBER 5.00 X 0 0 0 SAMUEL COLE BOARD MEMBER 5.00 X 0 0 0 FRAYDA LEVIN BOARD MEMBER 5.00 X 0 0 0 REGINA EGEA CHAIRMAN 40.00 X 0 0 0 AUDREY LANE PRESIDENT 40.00 X 63333 0 0 63333 0 0 0 0 0 0 0 503623 503623 24 24 6957 6777 180 180 180 OTHER INCOME 900099 1001 1001 1001 504828 1001 0 204 X 63334 38000 22167 3167 7916 4749 2771 396 5814 3488 2035 291 6612 6612 20000 20000 91062 88330 2732 42174 42174 5500 5500 3000 1500 1050 450 304 304 1397 1397 REPORT CREATION AND PRO 125190 125190 EVENT FORUM 42469 42469 TELEPHONE 3421 3421 DONATIONS 500 500 418693 346704 64953 7036 49206 217787 192686 105411 7400 6097 249292 329295 19715 13583 19715 13583 X 229577 223212 92500 229577 315712 249292 329295 86135 0 X X 1 X 0 1 0 X 675435 818767 532941 439890 503623 2970656 675435 818767 532941 439890 503623 2970656 943319 2027337 24 33 19 23 24 123 1001 1001 2971780 0.68220 0.67110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 504828 0 504828 0 504828 418693 0 418693 0 418693 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISION OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. THE ORGANIZATION IS ALSO EXEMPT 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. THE ORGANIZATION 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 ORGANIZATION DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE YEAR ENDED DECEMBER 31, 2024. HOWEVER, THE ORGANIZATION IS SUBJECT TO AUDIT BY TAX AUTHORITIES INCLUDING A REVIEW OF ITS NONPROFIT STATUS WHICH MANAGEMENT BELIEVES WOULD BE UPHELD UPON EXAMINATION. THE ORGANIZATION 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. AS REQUIRED BY LAW, THE ORGANIZATION FILES INFORMATIONAL RETURNS WITH BOTH THE UNITED STATES FEDERAL AND VARIOUS STATE JURISDICTIONS ON AN ANNUAL BASIS - FORM 990 WITH THE INTERNAL REVENUE SERVICE, AND THE APPLICABLE RETURN WITH EACH STATE. THESE RETURNS ARE SUBJECT TO EXAMINATION BY THESE AUTHORITIES WITHIN CERTAIN STATUTORILY DEFINED PERIODS FOR BOTH FEDERAL AND FOR EACH STATE JURISDICTION. FORM 990, PART VI, SECTION B, LINE 11B GARDEN STATE INITIATIVE, INC. 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 GARDEN STATE INITIATIVE, INC. 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, 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 15A 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 GARDEN STATE INITIATIVE, INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON WRITTEN REQUEST AT THE ORGANIZATION'S OFFICE AT P.O. BOX 9180 MORRISTOWN, NJ 07963. IN ADDITION FORM 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATION'S OFFICE AT P.O. BOX 9180 MORRISTOWN, NJ 07963. FORM 990, PART IX, LINE 11G CONSULTANTS AND OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 88,330. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 2,732. TOTAL EXPENSES 91,062. FORM 990, PART X11, LINE 2C NO CHANGE FROM THE PRIOR YEAR.