Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ.
MediumBulletGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2019
Open to Public Inspection
Name of the organization
JSI RESEARCH & TRAINING INSTITUTE INC
 
Employer identification number

04-2679824
Part I
Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and section 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No
2
Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e) Original principal amount (f) Balance due (g) In default? (h) Approved by board or committee? (i) Written agreement?
To From Yes No Yes No Yes No
Total ...............Small Bullet $  
Part III
Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2019
Schedule L (Form 990 or 990-EZ) 2019
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) JOHN SNOW INCORPORATED President is sole shareholder 8,772,841 SEE PART V   No
(2) MANOFF GROUP INC see part v 1,027,077 SEE PART V   No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
SCHEDULE L, PART IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A)NAME OF INTERESTED PERSON: JOHN SNOW INCORPORATED (JSI) (B)RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: MR. JOEL LAMSTEIN, President is the sole shareholder of JSI (C)AMOUNT OF TRANSACTION: $8,772,841 (D)DESCRIPTION OF TRANSACTION: JSI RESEARCH AND TRAINING INSTITUTE, INC AND JSI PURCHASE CONSULTING SERVICES FROM EACH OTHER. DURING THE YEAR, JSI RESEARCH AND TRAINING INSTITUTE, INC. PERFORMED CONSULTING SERVICES (TECHNICAL SUPPORT) FOR JSI TOTALING $8,772,841 AND JSI PERFORMED CONSULTING SERVICES (TECHNICAL SUPPORT) FOR JSI RESEARCH AND TRAINING INSTITUTE, INC. TOTALING $16,704,012. THE TWO COMPANIES ALSO SHARE FACILITIES AND POOL VARIOUS OVERHEAD EXPENSES. FOR THE YEAR ENDED SEPTEMBER 30, 2020, JSI RESEARCH AND TRAINING INSTITUTE, INC. INCURRED $22,899,284 OF OVERHEAD EXPENSES (SUPPORTING SERVICES), OF WHICH, $9,481,343 WAS ITS SHARE OF JSI INCURRED COSTS. JSI RESEARCH AND TRAINING INSTITUTE, INC. IS A CO-BORROWER WITH JSI ON A COMMERCIAL DEMAND LOAN-REVOLVING LINE OF CREDIT WITH AN EXPIRATION DATE OF MAY 31, 2021, WHICH ALLOWS FOR BORROWINGS UP TO $6,500,000. AT SEPTEMBER 30, 2020 THE BALANCE OUTSTANDING WAS $0. (E)SHARING OF ORGANIZATION REVENUES: NO (A)NAME OF INTERESTED PERSON: MANOFF GROUP, INC. (MGI) (B)RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: JOHN SNOW INCORPORATED OWNS 40% OF THIS ORGANIZATION. (C)AMOUNT OF TRANSACTION: $1,027,077 (D)DESCRIPTION OF TRANSACTION: DURING THE YEAR, JSI RESEARCH AND TRAINING INSTITUTE, INC. PURCHASED SERvICES FROM MGI TOTALING $1,027,077. (E)SHARING OF ORGANIZATION REVENUES: NO
Schedule L (Form 990 or 990-EZ) 2019


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