TY 2023 Form 990 Schedule O

efile Public Visual Render ObjectId: 202412969349301406 - Submission: 2024-10-22 TIN: 20-5036346

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2023

Open to Public
Inspection

Name of the organization

JON BON JOVI SOUL FOUNDATION

Employer identification number

20-5036346

Return Reference	Explanation
FORM 990, BOX C:	THE FOUNDATION HAS REGISTERED PHILADELPHIA SOUL FOUNDATION AND SOUL FOUNDATION AS FICTITIOUS NAMES. NEITHER NAME IS USED TO SOLICIT CONTRIBUTIONS.
FORM 990, PART III, LINE 2	THE JON BON JOVI SOUL FOUNDATION OPENED A FOURTH JBJ SOUL KITCHEN LOCATION ON THE COLLEGE CAMPUS OF NEW JERSEY CITY UNIVERSITY IN JERSEY CITY, NEW JERSEY TO ADDRESS THE ISSUE OF FOOD INSECURITY AMONG THE STUDENTS.
FORM 990, PART VI, SECTION A, LINE 2	JON BON JOVI, BOARD CHAIR, AND PAUL KORZILIUS, BOARD TREASURER, HAVE A BUSINESS RELATIONSHIP.
FORM 990, PART VI, SECTION A, LINE 8B	THE FOUNDATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THIS FIRM REVIEWS AND DISCUSSES THE FORM 990 WITH ALL BOARD MEMBERS AT A MEETING PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12C	THE CONFLICT OF INTEREST POLICY APPLIES TO ALL DIRECTORS, PRINCIPAL OFFICERS, AND, IF APPLICABLE, MEMBERS OF A COMMITTEE WITH GOVERNING-BOARD DELEGATED POWERS. A POTENTIAL CONFLICT MUST BE DISCLOSED TO THE BOARD OR COMMITTEE AS IT ARISES. AFTER DISCLOSURE OF THE POTENTIAL CONFLICT AND ALL MATERIAL FACTS, THE REMAINING BOARD OR COMMITTEE MEMBERS DETERMINE IF A CONFLICT EXISTS. IF A CONFLICT IS IDENTIFIED, THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE, THE BOARD OR COMMITTEE SHALL DETERMINE BY MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER OR NOT TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. AT BOARD MEETINGS PRIOR TO ANY VOTE, MEMBERS WITH A CONFLICT OF INTEREST ARE ASKED TO IDENTIFY THEMSELVES AND REFRAIN FROM VOTING. AT MINIMUM, THE CONFLICT OF INTEREST POLICY REQUIRES AN ANNUAL CONFLICT OF INTEREST STATEMENT BE COMPLETED.
FORM 990, PART VI, SECTION B, LINE 15A	THE FINANCE COMMITTEE WORKS WITH THE EXECUTIVE DIRECTOR TO SET ANNUAL GOALS AND MAKES A COMPENSATION RECOMMENDATION TO THE BOARD, BASED ON CONTACTS AND SURVEYS IN THE NON-PROFIT INDUSTRY AND INFORMATION FROM SIMILAR-SIZED NON-PROFIT ORGANIZATIONS. THE BOARD DISCUSSES AND VOTES ON THE COMPENSATION RECOMMENDATION. THE DELIBERATION AND FINAL VOTE ARE TIMELY DOCUMENTED IN THE BOARD MINUTES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION B, LINE 15B: NO OTHER COMPENSATED PERSON MEETS THE INTERNAL REVENUE SERVICE DEFINITION OF OFFICER OR KEY EMPLOYEE.
FORM 990, PART VI, SECTION C, LINE 19	THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE BY REQUEST. THE FINANCAL STATEMENTS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE.

Return Reference

Explanation

FORM 990, BOX C:

THE FOUNDATION HAS REGISTERED PHILADELPHIA SOUL FOUNDATION AND SOUL FOUNDATION AS FICTITIOUS NAMES. NEITHER NAME IS USED TO SOLICIT CONTRIBUTIONS.

FORM 990, PART III, LINE 2

THE JON BON JOVI SOUL FOUNDATION OPENED A FOURTH JBJ SOUL KITCHEN LOCATION ON THE COLLEGE CAMPUS OF NEW JERSEY CITY UNIVERSITY IN JERSEY CITY, NEW JERSEY TO ADDRESS THE ISSUE OF FOOD INSECURITY AMONG THE STUDENTS.

FORM 990, PART VI, SECTION A, LINE 2

JON BON JOVI, BOARD CHAIR, AND PAUL KORZILIUS, BOARD TREASURER, HAVE A BUSINESS RELATIONSHIP.

FORM 990, PART VI, SECTION A, LINE 8B

THE FOUNDATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.

FORM 990, PART VI, SECTION B, LINE 11B

THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THIS FIRM REVIEWS AND DISCUSSES THE FORM 990 WITH ALL BOARD MEMBERS AT A MEETING PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.

FORM 990, PART VI, SECTION B, LINE 12C

THE CONFLICT OF INTEREST POLICY APPLIES TO ALL DIRECTORS, PRINCIPAL OFFICERS, AND, IF APPLICABLE, MEMBERS OF A COMMITTEE WITH GOVERNING-BOARD DELEGATED POWERS. A POTENTIAL CONFLICT MUST BE DISCLOSED TO THE BOARD OR COMMITTEE AS IT ARISES. AFTER DISCLOSURE OF THE POTENTIAL CONFLICT AND ALL MATERIAL FACTS, THE REMAINING BOARD OR COMMITTEE MEMBERS DETERMINE IF A CONFLICT EXISTS. IF A CONFLICT IS IDENTIFIED, THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE, THE BOARD OR COMMITTEE SHALL DETERMINE BY MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER OR NOT TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. AT BOARD MEETINGS PRIOR TO ANY VOTE, MEMBERS WITH A CONFLICT OF INTEREST ARE ASKED TO IDENTIFY THEMSELVES AND REFRAIN FROM VOTING. AT MINIMUM, THE CONFLICT OF INTEREST POLICY REQUIRES AN ANNUAL CONFLICT OF INTEREST STATEMENT BE COMPLETED.

FORM 990, PART VI, SECTION B, LINE 15A

THE FINANCE COMMITTEE WORKS WITH THE EXECUTIVE DIRECTOR TO SET ANNUAL GOALS AND MAKES A COMPENSATION RECOMMENDATION TO THE BOARD, BASED ON CONTACTS AND SURVEYS IN THE NON-PROFIT INDUSTRY AND INFORMATION FROM SIMILAR-SIZED NON-PROFIT ORGANIZATIONS. THE BOARD DISCUSSES AND VOTES ON THE COMPENSATION RECOMMENDATION. THE DELIBERATION AND FINAL VOTE ARE TIMELY DOCUMENTED IN THE BOARD MINUTES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION B, LINE 15B: NO OTHER COMPENSATED PERSON MEETS THE INTERNAL REVENUE SERVICE DEFINITION OF OFFICER OR KEY EMPLOYEE.

FORM 990, PART VI, SECTION C, LINE 19

THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE BY REQUEST. THE FINANCAL STATEMENTS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2023

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