DISCLOSURE INFORMATION |
CORE FORM, PART VI, SECTION A; QUESTION 1 |
THE 131 VOTING MEMBERS OF THE GOVERNING BODY INCLUDE 15 BOARD OF DIRECTORS, 4 BOARD DEVELOPMENT COMMITTEE MEMBERS, 3 NATIONAL DELEGATES AND 109 SERVICE UNIT DELEGATES IN ACCORDANCE WITH THE GSHNJ BYLAWS. |
DISCLOSURE INFORMATION |
CORE FORM, PART VI, SECTION B; QUESTION 11B |
THIS ORGANIZATION'S FEDERAL FORM 990 WAS PROVIDED TO THE 15 VOTING MEMBERS OF ITS GOVERNING BODY WHO ACT ON BEHALF OF THE GOVERNING BODY (PLEASE REFER TO SCHEDULE O, CORE FORM, PART VI, SECTION A; QUESTION 1 SUPPLEMENT), ITS BOARD OF TRUSTEES, PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE ("IRS"). IN ADDITION, THE BOARD OF TRUSTEES AS WELL AS THE SENIOR MANAGEMENT OF THE ORGANIZATION HAVE ASSUMED THE RESPONSIBILITY TO OVERSEE AND COORDINATE THE FEDERAL FORM 990 PREPARATION, REVIEW AND FILING PROCESS FOR THE ORGANIZATION. AS PART OF THE ORGANIZATION'S FEDERAL FORM 990 TAX RETURN PREPARATION PROCESS THE ORGANIZATION HIRED A PROFESSIONAL CPA FIRM WITH EXPERIENCE AND EXPERTISE IN NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE ORGANIZATION'S FINANCE PERSONNEL TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THE ORGANIZATION'S FINANCE PERSONNEL FOR THEIR REVIEW. THE ORGANIZATION'S FINANCE PERSONNEL REVIEWED THE DRAFT FEDERAL FORM 990 AND DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. REVISIONS WERE MADE TO THE DRAFT FEDERAL FORM 990 WHERE NECESSARY AND A FINAL DRAFT WAS FURNISHED BY THE CPA FIRM TO THE ORGANIZATION'S FINANCE PERSONNEL FOR FINAL REVIEW AND APPROVAL PRIOR TO PRESENTATION TO THE ORGANIZATION'S 15 BOARD OF TRUSTEE MEMBERS WHO ACT ON BEHALF OF THE GOVERNING BODY. |
DISCLOSURE INFORMATION |
CORE FORM, PART VI, SECTION B; QUESTION 12 |
THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY AND MONITORS AND ENFORCES COMPLIANCE WITH THAT POLICY ON AN ANNUAL BASIS. ANNUALLY ALL MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS AND OTHER VARIOUS PERSONNEL ARE REQUIRED TO REVIEW THE EXISTING CONFLICT OF INTEREST POLICY AND COMPLETE A QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE RETURNED TO THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER FOR REVIEW. THEREAFTER, ALL POTENTIAL CONFLICTS ARE REVIEWED BY THE ORGANIZATION'S BOARD OF TRUSTEES FOR MITIGATING BEHAVIOR. |
DISCLOSURE INFORMATION |
CORE FORM, PART VI, SECTION B; QUESTION 15 |
THE ORGANIZATION'S BOARD OF TRUSTEES HAS AN EXECUTIVE COMPENSATION REVIEW COMMITTEE ("COMMITTEE"). THE COMMITTEE HAS A COMPENSATION PHILOSOPHY WHICH IT FOLLOWS WHEN IT REVIEWS AND APPROVES OF THE COMPENSATION AND BENEFITS OF THE ORGANIZATION'S SENIOR MANAGEMENT, INCLUDING THE CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER. THE COMMITTEE REVIEWS THE "TOTAL COMPENSATION" OF THE INDIVIDUALS WHICH IS INTENDED TO INCLUDE BOTH CURRENT AND DEFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND NON-QUALIFIED. THE COMMITTEE'S REVIEW IS DONE ON AT LEAST AN ANNUAL BASIS AND ENSURES THAT THE "TOTAL COMPENSATION" OF SENIOR MANAGEMENT OF THE ORGANIZATION IS REASONABLE. THE ACTIONS TAKEN BY THE COMMITTEE ENABLE THE ORGANIZATION TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR PURPOSES OF INTERNAL REVENUE CODE SECTION 4958 WITH RESPECT TO THE TOTAL COMPENSATION OF CERTAIN MEMBERS OF THE SENIOR MANAGEMENT TEAM, INCLUDING THE CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER. THE THREE FACTORS WHICH MUST BE SATISFIED IN ORDER TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS ARE THE FOLLOWING: 1. THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY AN "AUTHORIZED BODY" OF THE APPLICABLE TAX-EXEMPT ORGANIZATION WHICH IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A "CONFLICT OF INTEREST" WITH RESPECT TO THE COMPENSATION ARRANGEMENT; 2. THE AUTHORIZED BODY OBTAINED AND RELIED UPON "APPROPRIATE DATA AS TO COMPARABILITY" PRIOR TO MAKING ITS DETERMINATION; AND 3. THE AUTHORIZED BODY "ADEQUATELY DOCUMENTED THE BASIS FOR ITS DETERMINATION" CONCURRENTLY WITH MAKING THAT DETERMINATION. THE COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD OF TRUSTEES EACH OF WHO ARE INDEPENDENT AND ARE FREE FROM ANY CONFLICTS OF INTEREST. THE COMMITTEE RELIED UPON APPROPRIATE COMPARABLE DATA; SPECIFICALLY THE COMMITTEE OBTAINED A WRITTEN COMPENSATION STUDY FROM GSUSA SALARY DATA AS WELL AS OUTSIDE INDEPENDENT SALARY DATA. THE COMMITTEE ADEQUATELY DOCUMENTED ITS BASIS FOR ITS DETERMINATION THROUGH THE TIMELY PREPARATION OF WRITTEN MINUTES OF THE COMPENSATION COMMITTEE MEETINGS DURING WHICH THE EXECUTIVE COMPENSATION AND BENEFITS WAS REVIEWED AND SUBSEQUENTLY APPROVED. |
DISCLOSURE INFORMATION |
CORE FORM, PART VI, SECTION C; QUESTION 19 |
THE ORGANIZATION'S FILED CERTIFICATE OF INCORPORATION AND ANY AMENDMENTS CAN BE OBTAINED AND REVIEWED THROUGH THE STATE OF NEW JERSEY DEPARTMENT OF TREASURY. |
BALANCE SHEET RESTATEMENT |
CORE FORM, PART X |
CERTAIN AMOUNTS PREVIOUSLY REPORTED IN THE 2012 FINANCIAL STATEMENTS HAVE BEEN RECLASSIFIED TO CONFORM WITH THE 2013 RECLASSIFICATIONS. THESE RECLASSIFICATIONS HAD NO EFFECT ON THE TOTAL NET ASSETS OF THE COUNCIL. PLEASE NOTE, THE BALANCE SHEET PRESENTED IN PART X HAS BEEN ADJUSTED TO AGREE TO THE CURRENT YEAR'S PRESENTATION ON THE FINANCIAL STATEMENTS. |
AUDITED FINANCIAL STATEMENTS |
CORE FORM, PART XII; QUESTION 2 |
AN INDEPENDENT CPA FIRM AUDITED THE FINANCIAL STATEMENTS OF THE TAXPAYER FOR THE YEARS ENDED SEPTEMBER 30, 2013 AND SEPTEMBER 30, 2012; RESPECTIVELY, AND ISSUED A FINANCIAL STATEMENT. THE ORGANIZATION'S AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR. |