IRS Return (Form 990) for the Foundation for New Jersey Public Broadcasting

Every year non-profit foundations like the Foundation for New Jersey Public Broadcasting are required to file a return (Form 990)  with the Internal Revenue Service.  The most recent filing of the Foundation for NJ Public Broadcasting is for the July 1, 2006 through June 30, 2007 period.  The first two pages summarize revenue and expenses.  Schedule III-a lists grants made by the Foundation to NJN (total of $4,095,588.)   Schedule III-b lists services provided by the Foundation for NJN.  The compensation of Foundation Officers can be found in Schedule VII.

 

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1981 NJN Legislation

The link below is showing a bill passed unanimously by both the Assembly and NJ Senate at the close of 1981 session.  It’s purpose was to change the NJ Public Broadcast Authority to a “public corporation” which would allow NJN to more easily procure equipment and hire staff.

 

It also changed the makeup of the NJ Public Broadcast Authority Board.

 

It was sponsored by then Senator Gordon MacIness.

 

Governor Bryne vetoed the legislation saying that since his term was about to end, the next Governor (Kean) should decide on the structure of NJN.  Apparently, the approach was never picked up again.

 

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Leasing article on PolitickerNJ.com

Debbie Holtz wrote a great article about the value of NJN and the Broadcast Licenses on PolitickerNJ.com:  Click Here to read the article

Letter from NJ State AFL-CIO to Governor Corzine

The link below is a PDF of a letter written by the New Jersey State AFL-CIO to Governor Corzine stating their concern of the NJN Foundation’s plan for Privatization of NJN.

Click here for PDF of letter

New Jersey State AFL-CIO Website

Letter from State Treasurer to Elizabeth Christopherson

Below is a link to a PDF of a letter from the State Treasurer to Elizabeth Christopherson calling on NJN to develop a detailed financial plan for FY 09, to freeze non-essential spending, to not fill vacancies, and most interestingly to correct material weakness identified in the 1/08 independent audit of the Authority and the NJN Foundation.

According the Treasurer “the Authority cannot produce an accrual ‘GAAP’ basis balance sheet at any reporting period, nor can it efficiently monitor its fiscal position…”

Click here to open/download the Letter

CWA Newsletter about NJN

CWA “News with Views” Newsletter contains various stories about the situation at NJN.  Check it out!

CWA Local 1032 Position on the Fiscal Crisis of NJN and the Proposed Privatization

By Dudley Burdge, Senior Staff Representative

  

First, let me thank you for the opportunity to address you and to explain the position of our members at NJN concerning the fiscal crises and the proposed privatization.

 

Let me start by discussing those areas of agreement that we share with NJN management.

Letter from Charles Loughery (retired employee)

Dear Senator:

 

I write to you as a retired employee of New Jersey Public Broadcasting Authority, (NJN) having served there for 27 years including 10 years in management. I write in opposition to any privatizing plan for NJN that would transfer the FCC broadcast licenses out of state control.

NJN Licenses 2008

The licensed facilities are as follows (Remember the real value is in the Licenses. Without these there can be nothing from which to generate revenue):

 

NJN in Fiscal 2007

Highlights from the just received fiscal 2007 “Combining Financial Statement” for the Authority and Foundation: