2026-03-17T14:27:13-05:00 2025-06-30 223271712 MERCADIEN PC PO BOX 7648 PRINCETON NJ 085437648 990 2024-07-01 223490986 NEW JERSEY CHAMBER OF COMMERCE FOUNDATION INC NEWJ 6099897888 216 WEST STATE STREET 3RD FL TRENTON NJ 08608 DONNA CUSTARD PRESIDENT 6099897888 2026-03-17 1 1 TYLER M MARCOCCI CPA P02191297 6096899700 2026-03-17 2024 2025-03-06 01:10:19Z DONNA CUSTARD 216 WEST STATE STREET 3RD FL TRENTON NJ 08608 869642 0 X WWW.NJCHAMBERFOUNDATION.ORG X 1996 NJ THE FOUNDATION'S MISSION IS TO SUPPORT CURRENT AND FUTURE MEMBERS OF THE WORKFORCE IN BECOMING GLOBALLY COMPETITIVE, SUCCESSFUL MEMBERS OF SOCIETY AND TO FUEL NEW JERSEY'S ECONOMY BY SUSTAINING A QUALIFIED WORKFORCE. 16 15 0 135 0 0 1136598 774495 50000 65000 23865 29750 -3482 397 1206981 869642 128373 3663 0 0 551036 609345 14400 0 0 213814 310991 907623 923999 299358 -54357 1034938 958336 249255 227010 785683 731326 X THE FOUNDATION'S MISSION IS TO SUPPORT CURRENT AND FUTURE MEMBERS OF THE WORKFORCE IN BECOMING GLOBALLY COMPETITIVE, SUCCESSFUL MEMBERS OF SOCIETY AND TO FUEL NEW JERSEY'S ECONOMY BY SUSTAINING A QUALIFIED WORKFORCE. 0 0 735886 3663 65000 JAG JOBS FOR AMERICA'S GRADUATES NEW JERSEY (JAG NJ) IS THE STATE AFFILIATE OF THE NATIONAL JOBS FOR AMERICA'S GRADUATES INITIATIVE, A STATE-BASED NONPROFIT DEDICATED TO HELPING YOUTH OF GREAT PROMISE STAY ON TRACK AND COMPLETE HIGH SCHOOL. THE PROGRAM SERVES HIGH SCHOOL STUDENTS WHO EXPERIENCE MULTIPLE ACADEMIC, ENVIRONMENTAL, PHYSICAL, PSYCHOLOGICAL, INCOME, OR WORK-RELATED BARRIERS, AND PROVIDES REAL-WORLD LEARNING EXPERIENCES THAT SHOW HOW STAYING IN SCHOOL AND EARNING A DIPLOMA CAN EXPAND THEIR OPPORTUNITIES. JAG NJ'S GOAL IS TO ENSURE THAT PARTICIPATING STUDENTS GRADUATE PREPARED FOR POST-SECONDARY EDUCATION, MILITARY SERVICE, OR THE WORKFORCE, ENABLING THEM TO BUILD MEANINGFUL CAREERS AND POSITIVELY CONTRIBUTE TO THEIR COMMUNITIES.FOR THE 2024-25 ACADEMIC YEAR, THE NEW JERSEY CHAMBER OF COMMERCE FOUNDATION (NJCCF) IMPLEMENTED 18 JAG NJ PROGRAMS ACROSS CAMDEN, LITTLE EGG HARBOR, NEW BRUNSWICK, NEWARK, PASSAIC, PLAINFIELD, RAHWAY, VINELAND, WILLINGBORO, AND WOODBURY. 735886 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 11 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X JENNIFER STEGERS 6099897888 216 WEST STATE STREET TRENTON NJ 08608 THOMAS BRACKEN TREASURER 0.50 40.00 X X 0 503025 25430 DR ALI HOUSHMAND CHAIRMAN 0.50 0.50 X X 0 0 0 WALTER J BRASCH CPA TRUSTEE 0.50 0.50 X 0 0 0 LISA CHOWANSKY TRUSTEE 0.50 0.50 X 0 0 0 GARY C DAHMS TRUSTEE 0.50 0.50 X 0 0 0 SAMUEL L DONELSON TRUSTEE 0.50 0.50 X 0 0 0 WILLIAM R HAGAMAN JR CPA TRUSTEE 0.50 0.50 X 0 0 0 KIM HANEMANN TRUSTEE 0.50 0.50 X 0 0 0 STEVE KLEIN TRUSTEE 0.50 0.50 X 0 0 0 CHRISTOPHER M LEPRE TRUSTEE 0.50 0.50 X 0 0 0 GIL MEDINA TRUSTEE 0.50 0.50 X 0 0 0 DOUG MOKOID TRUSTEE 0.50 0.50 X 0 0 0 BRAXTON PLUMMER TRUSTEE 0.50 0.50 X 0 0 0 MIKE REAGAN TRUSTEE (UNTIL JUNE 2025) 0.50 0.50 X 0 0 0 DR STEVEN M ROSE TRUSTEE (UNTIL JUNE 2025) 0.50 0.50 X 0 0 0 DENNIS M TOFT TRUSTEE 0.50 0.50 X 0 0 0 DIANE WASSER TRUSTEE 0.50 0.50 X 0 0 0 DENNIS G WILSON TRUSTEE (UNTIL JUNE 2025) 0.50 0.50 X 0 0 0 TED ZANGARI ESQ TRUSTEE 0.50 0.50 X 0 0 0 DONNA CUSTARD PRESIDENT 40.00 X 0 160060 27586 SANDRA GLOVER-STROTHERS EXECUTIVE DIRECTOR, JAG NJ 40.00 X 0 118955 29053 JENNIFER STEGERS ACCOUNTING MANAGER 40.00 X 0 74852 27971 0 856892 110040 0 0 1 0 0 547370 227125 15375 774495 JAG NJ AFFILIATION FEE 900099 65000 65000 65000 29750 29750 MISCELLANEOUS INCOME 900099 397 397 397 869642 65000 0 30147 X 3663 3663 473449 400365 73084 93358 82898 10460 4112 3726 386 38426 32730 5696 28903 903 28000 73465 73465 250 250 39559 34348 5211 11953 272 11681 42000 42000 26103 25470 633 27264 27264 4125 4125 6476 6476 JAG NATIONAL AFFILIATIO 39905 39905 JAG SPECIALIST AWARDS 9750 9750 MISCELLANEOUS 1238 877 361 923999 735886 188113 0 2558 784015 704665 248466 245183 2457 5878 31274 31274 0 0 0 52 1034938 958336 83297 33002 5000 0 150000 149906 10958 44102 249255 227010 X 113104 194198 672579 537128 785683 731326 1034938 958336 -54357 0 X X 0 1 X 1 0 X 414450 362945 975805 1136598 774495 3664293 20715 17675 31630 55550 65000 190570 435165 380620 1007435 1192148 839495 3854863 31500 42000 42000 42000 157500 0 31500 42000 42000 42000 157500 3697363 665 318 3711 23865 29750 58309 665 318 3711 23865 29750 58309 869 115 576 18 397 1975 436699 381053 1011722 1216031 869642 3915147 0.94440 0.95740 0.01490 0.00850 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: SHIPPING INCOME - 2020 AMOUNT: $ 133. 2021 AMOUNT: $ 115. 2022 AMOUNT: $ 233. 2023 AMOUNT: $ 18. MISCELLAENOUS INCOME - 2020 AMOUNT: $ 736. 2022 AMOUNT: $ 343. 2024 AMOUNT: $ 397. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31274 31274 0 0 DUE TO AFFILIATE 44102 44102 X 3246475 2376833 2376833 869642 0 869642 3300832 2376833 2376833 923999 0 923999 PART X, LINE 2: U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. 0 0 0 0 0 0 0 0 0 THOMAS BRACKEN TREASURER 0 453025 0 50000 0 0 0 0 0 25430 0 528455 0 0 DONNA CUSTARD PRESIDENT 0 150560 0 9500 0 0 0 5083 0 22503 0 187646 0 0 FORM 990, SCHEDULE J, LINE 3: ALL SALARIES OF THE FOUNDATION ARE THOSE OF EMPLOYEES OF THE RELATED ORGANIZATION, NEW JERSEY STATE CHAMBER OF COMMERCE. THE FOUNDATION REIMBURSED NEW JERSEY STATE CHAMBER OF COMMERCE FOR SALARIES AND RELATED EXPENSES. NEW JERSEY STATE CHAMBER OF COMMERCE USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE PRESIDENT OF THE FOUNDATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 THE NJ STATE CHAMBER OF COMMERCE IS THE SOLE MEMBER OF THE NJ CHAMBER FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A THE NJ STATE CHAMBER OF COMMERCE IS THE SOLE MEMBER OF THE NJ CHAMBER FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7B THE NJ STATE CHAMBER OF COMMERCE IS THE SOLE MEMBER OF THE NJ CHAMBER FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY THE INDEPENDENT AUDITOR AND IS REVIEWED IN DETAIL BY THE PRESIDENT AND THE ACCOUNTING MANAGER. THE ACCOUNTING MANAGER EMAILS AN ELECTRONIC DRAFT OF THE FORM 990 TO THE BOARD FOR REVIEW PRIOR TO FILING. THE ACCOUNTING MANAGER AND PRESIDENT RESPOND TO ANY QUESTIONS OR CONCERNS THAT ARE BROUGHT TO THEIR ATTENTION. THE BOARD MUST APPROVE THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION HAS ADOPTED THE POLICIES OF THE NEW JERSEY STATE CHAMBER OF COMMERCE WHICH REQUIRE ANNUAL NOTIFICATION OF CONFLICTS OF INTEREST FROM BOARD MEMBERS. CONTRACTS FOR SERVICES ENTERED INTO BY THE NEW JERSEY STATE CHAMBER OF COMMERCE REQUIRE AN RFP, WHICH SURFACES ANY CONFLICTS. NOTIFICATION ANNUALLY OF THE CONFLICT OF INTEREST POLICY IS ADEQUATE FROM THE STANDPOINT OF BOARD PARTICIPATION IN CONTRACTS. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION DOES NOT HAVE ITS OWN EMPLOYEES. ALL EMPLOYEES ARE PAID BY NEW JERSEY STATE CHAMBER OF COMMERCE, AND LEASED TO THE FOUNDATION. THE PROCESS FOR DETERMINING THEIR COMPENSATION IS AN ANNUAL REVIEW FOR ALL EMPLOYEES, INCLUDING THE PRESIDENT, EACH JUNE. THE PRESIDENT TRANSMITS THE RECOMMENDED SALARIES FOR THE NEXT YEAR TO THE BOARD OF TRUSTEES, WHICH IS RESPONSIBLE FOR THE FINAL SALARY DECISIONS. THE BOARD OF TRUSTEES SETS THE ANNUAL COMPENSATION FOR THE PRESIDENT BASED ON PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 1023 AND FORMS 990 ARE AVAILABLE FOR PUBLIC INSPECTION UPON WRITTEN REQUEST TO THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, AUDITED FINANCIAL STATEMENTS AND POLICIES ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE ORGANIZATION. FORM 990, PART IX, LINES 5 AND 10 THE AMOUNTS LISTED ON PART IX, LINES 5 AND 10 INDICATE COMPENSATION AND RELATED BENEFITS PAID AND ACCRUED FOR THE FOUNDATION'S EMPLOYEES. THESE AMOUNTS ARE PAID DIRECTLY BY THE NEW JERSEY STATE CHAMBER OF COMMERCE (A RELATED PARTY). THE FOUNDATION REIMBURSED THE NEW JERSEY STATE CHAMBER OF COMMERCE FOR ALL AMOUNTS PAID. ALL W-2S ARE REPORTED BY THE NEW JERSEY STATE CHAMBER OF COMMERCE THEREFORE PART V, LINE 2A INDICATES 0 FOR THE FOUNDATION. FORM 990, PART XII, LINE 2C THE EXECUTIVE COMMITTEE OF THE BOARD IS RESPONSIBLE FOR SELECTING AN INDEPENDENT AUDIT FIRM AND FOR OVERSIGHT OF THE AUDIT AS WELL AS THE REVIEW AND APPROVAL OF THE AUDITED FINANCIAL STATEMENTS AND FORM 990. THIS PROCESS REMAINS UNCHANGED FROM PRIOR YEARS. NEW JERSEY STATE CHAMBER OF COMMERCE INC 216 WEST STATE STREET TRENTON NJ 08608 221153980 ADVOCACY FOR BUSINESSES IN THE STATE OF NEW JERSEY NJ 501(C)(6) N/A 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 NEW JERSEY STATE CHAMBER OF COMMERCE K 42000 CASH NEW JERSEY STATE CHAMBER OF COMMERCE P 665876 REIMBURSEMENT OF ACTUAL COST NEW JERSEY STATE CHAMBER OF COMMERCE C 42000 CASH