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IRS Form 990 | 2019

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IRS Form 990 | 2019 PUBLIC INSPECTION COPY EXTENDED TO NOVEMBER 16, 2020 Return of Organization Exempt From Income Tax OMB No. 1545-0047 Form 990 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) (Rev. January 2020) | Do not enter social security numbers on this form as it may be made public. 2019 Department of the Treasury Open to Public Internal Revenue Service | Go to www.irs.gov/Form990 for instructions and the latest information. Inspection A For the 2019 calendar year, or tax year beginning and ending B Check if C Name of organization D Employer identification number applicable: Address change COMMUNITY FOUNDATION OF NEW JERSEY Name change Doing business as 22-2281783 Initial return Number and street (or P.O. box if mail is not delivered to street address) Room/suite E Telephone number Final return/ PO BOX 338 - 35 KNOX HILL ROAD 973-267-5533 termin- ated City or town, state or province, country, and ZIP or foreign postal code G Gross receipts $ 241,761,743. Amended return MORRISTOWN, NJ 07963-0338 H(a) Is this a group return Applica- tion F Name and address of principal officer: HANS DEKKER for subordinates? ~~ Yes X No pending 37 HEDGES AVENUE, CHATHAM, NJ 07928 H(b) Are all subordinates included? Yes No I Tax-exempt status: X 501(c)(3) 501(c) ( )§ (insert no.) 4947(a)(1) or 527 If "No," attach a list. (see instructions) J Website: | WWW.CFNJ.ORG H(c) Group exemption number | K Form of organization: X Corporation Trust Association Other | L Year of formation: 1979 M State of legal domicile: NJ Part I Summary 1 Briefly describe the organization's mission or most significant activities: TO CONNECT DONORS TO ORGANIZATIONS, PROVIDE LEADERSHIP AND SUPPORT TO DONORS, COMMUNITY 2 Check this box | if the organization discontinued its operations or disposed of more than 25% of its net assets. 3 Number of voting members of the governing body (Part VI, line 1a) ~~~~~~~~~~~~~~~~~~~~ 3 22 4 Number of independent voting members of the governing body (Part VI, line 1b) ~~~~~~~~~~~~~~ 4 21 5 Total number of individuals employed in calendar year 2019 (Part V, line 2a) ~~~~~~~~~~~~~~~~ 5 29 6 Total number of volunteers (estimate if necessary) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 6 139 7 a Total unrelated business revenue from Part VIII, column (C), line 12 ~~~~~~~~~~~~~~~~~~~~ 7a -78,289. Activities & Governance b Net unrelated business taxable income from Form 990-T, line 39 7b -78,289. Prior Year Current Year 8 Contributions and grants (Part VIII, line 1h) ~~~~~~~~~~~~~~~~~~~~~ 107,664,488. 101,445,624. 9 Program service revenue (Part VIII, line 2g) ~~~~~~~~~~~~~~~~~~~~~ 0. 0. 10 Investment income (Part VIII, column (A), lines 3, 4, and 7d) ~~~~~~~~~~~~~ 17,502,715. 20,675,415. Revenue 11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) ~~~~~~~~ -374,642. -206,746. 12 Total revenue - add lines 8 through 11 (must equal Part VIII, column (A), line 12) 124,792,561. 121,914,293. 13 Grants and similar amounts paid (Part IX, column (A), lines 1-3) ~~~~~~~~~~~ 65,521,838. 55,691,333. 14 Benefits paid to or for members (Part IX, column (A), line 4) ~~~~~~~~~~~~~ 0. 0. 15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10) ~~~ 2,990,645. 2,556,020. 16a Professional fundraising fees (Part IX, column (A), line 11e) ~~~~~~~~~~~~~~ 0. 0. b Total fundraising expenses (Part IX, column (D), line 25) | 62,034. Expenses 17 Other expenses (Part IX, column (A), lines 11a-11d, 11f-24e) ~~~~~~~~~~~~~ 9,982,396. 6,914,892. 18 Total expenses. Add lines 13-17 (must equal Part IX, column (A), line 25) ~~~~~~~ 78,494,879. 65,162,245. 19 Revenue less expenses. Subtract line 18 from line 12 46,297,682. 56,752,048. Beginning of Current Year End of Year 20 Total assets (Part X, line 16) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 423,500,320. 530,172,076. 21 Total liabilities (Part X, line 26) ~~~~~~~~~~~~~~~~~~~~~~~~~~~ 21,947,245. 24,524,340. Net Assets or 22 Net assets or fund balances. Subtract line 21 from line 20 401,553,075. 505,647,736. Fund Balances Part II Signature Block Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge. Sign = Signature of officer Date Here HANS DEKKER, PRESIDENT = Type or print name and title Print/Type preparer's name Preparer's signature Date Check PTIN if Paid LORI ROTHE YOKOBOSKY, CPA LORI ROTHE YOKOBOSKY 11/06/20 self-employed P01273422 Preparer Firm's name 9 COHNREZNICK LLP Firm's EIN 9 22-1478099 Use Only Firm's address 9 4 BECKER FARM ROAD ROSELAND, NJ 07068 Phone no.973-228-3500 May the IRS discuss this return with the preparer shown above? (see instructions) X Yes No 932001 01-20-20 LHA For Paperwork Reduction Act Notice, see the separate instructions. Form 990 (2019) SEE SCHEDULE O FOR ORGANIZATION MISSION STATEMENT CONTINUATION Form 990 (2019) COMMUNITY FOUNDATION OF NEW JERSEY 22-2281783 Page 2 Part III Statement of Program Service Accomplishments Check if Schedule O contains a response or note to any line in this Part III X 1 Briefly describe the organization's mission: TO CONNECT DONORS TO ORGANIZATIONS, ISSUES AND GEOGRAPHIC AREAS IMPORTANT TO THEM OVER TIME, IN ADDITION TO PROVIDE LEADERSHIP AND SUPPORT TO DONORS, COMMUNITY ORGANIZATIONS, LEADERS AND FOUNDATIONS TO ACHIEVE THE ART OF LASTING PHILANTHROPY. 2 Did the organization undertake any significant program services during the year which were not listed on the prior Form 990 or 990-EZ? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Yes X No If "Yes," describe these new services on Schedule O. 3 Did the organization cease conducting, or make significant changes in how it conducts, any program services? ~~~~~~ Yes X No If "Yes," describe these changes on Schedule O. 4 Describe the organization's program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported. 4a (Code: ) (Expenses $ 55,691,333. including grants of $ 55,691,333. ) (Revenue $ ) SINCE 1979, THE COMMUNITY FOUNDATION OF NEW JERSEY (CFNJ) HAS BEEN A TRUSTED PARTNER IN THE STATE WORKING WITH HUNDREDS OF FAMILIES, BUSINESSES, AND FOUNDATIONS TO TURN PRIVATE RESOURCES INTO CHARITABLE FUNDS THAT BENEFIT CAUSES AND COMMUNITIES. FROM CREATIVE PROJECTS THAT TACKLE CRITICAL SOCIETAL OR POLICY ISSUES TO SCHOLARSHIP FUNDS, CORPORATE PHILANTHROPY, LEGACY FUNDS AND DONOR ADVISED FUNDS, THE COMMUNITY FOUNDATION MANAGES NEARLY EVERY KIND OF GIVING VEHICLE AND TAILORS SOLUTIONS TO MEET CRITICAL NEEDS. CFNJ MADE 7,370 INDIVIDUAL GRANTS IN 2019 TOTALING $62.5 MILLION. CFNJ CURRENTLY STEWARDS MORE THAN $500 MILLION IN CHARITABLE ASSETS, MAKING GRANTS TO NONPROFIT ORGANIZATIONS IN LINE WITH THE ADVICE OF ACTIVE FUNDHOLDERS OR PHILANTHROPIC GOALS OF THOSE WHO LEAVE BEQUESTS. 4b (Code: ) (Expenses $ 5,038,925. including grants of $ ) (Revenue $ ) THE COMMUNITY FOUNDATION OF NEW JERSEY (CFNJ) SPONSORS SEVERAL SPECIAL PROJECTS EACH YEAR, OFTEN INITIATED TO ADDRESS AN URGENT OR REGION-SPECIFIC NEED. IN 2019, CFNJ CONTINUED ITS PARTNERSHIP WITH THE NATIONAL NONPROFIT FAIR FOOD NETWORK TO BRING ITS DOUBLE UP FOOD BUCKS HEALTHY FOOD INCENTIVE PROGRAM TO NEW JERSEY. IN 25 OTHER STATES ALREADY, DOUBLE UP FOOD BUCKS MATCHES THE VALUE OF SNAP DOLLARS SPENT ON FRESH FRUITS AND VEGETABLES, HELPING LOW-INCOME FAMILIES BRING HOME MORE NUTRITIOUS FOODS. SNAP STANDS FOR THE SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM, FORMERLY KNOWN AS FOOD STAMPS. THE DOUBLE UP FOOD BUCKS PROGRAM, ORIGINALLY SET TO RUN SUMMERS ONLY IS NOW SPONSORED YEAR-ROUND AT FOUR LOCAL SHOPRITE GROCERY STORES, WHICH HAVE SEEN, ON AVERAGE, FIVE PERCENT INCREASES IN PRODUCE PURCHASES MADE BY SNAP 4c (Code: ) (Expenses $ 2,492,366. including grants of $ ) (Revenue $ ) OTHER PROGRAM SERVICE EXPENSES INCLUDING SALARIES, EMPLOYEE BENEFITS AND VARIOUS OTHER EXPENSES TO CARRY OUT THE FOUNDATION'S MISSION AND PROGRAMS. 4d Other program services (Describe on Schedule O.) (Expenses $ including grants of $ ) (Revenue $ ) 4e Total program service expenses | 63,222,624. Form 990 (2019) 932002 01-20-20 SEE SCHEDULE O FOR CONTINUATION(S) 2 13551110 147227 0167026-0167026.0990 2019.05000 COMMUNITY FOUNDATION OF N 01670261 Form 990 (2019) COMMUNITY FOUNDATION OF NEW JERSEY 22-2281783 Page 3 Part IV Checklist of Required Schedules Yes No 1 Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 1 X 2 Is the organization required to complete Schedule B, Schedule of Contributors? ~~~~~~~~~~~~~~~~~~~~~~ 2 X 3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 3 X 4 Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 4 X 5 Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure
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