Civic Intelligence

New Rochelle Fund for Educational Excellence Inc

990 • Fiscal year 2024 • EIN 13-3944017

Jul 01, 2023 to Jun 30, 2024 • Filed on Apr 30, 2025

Organization ProfileWWW.NREDFUND.ORG
265 Clove RoadNew Rochelle, NY 10801

(914) 576-4657

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

45th percentile

0.00x

Higher debt load relative to assets than 45% of similar nonprofits.

2024 filings • NTEE B • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

50th percentile

0.01x

Higher debt load relative to revenue than 50% of similar nonprofits.

2024 filings • NTEE B • $500k-$1M nonprofits • Source year 2024

Net Margin

70th percentile

21%

Higher net margin than 70% of similar nonprofits.

2024 filings • NTEE B • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

58th percentile

$0

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • NTEE B • $500k-$1M nonprofits • Source year 2024

Asset Growth

44th percentile

3.1%

Faster asset growth than 44% of similar nonprofits.

2024 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

5th percentile

-61%

Faster revenue growth than 5% of similar nonprofits.

2024 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$600,673

Up $18,012 (+3.1%) from 2023

Net Assets

Up

$598,821

Up $16,893 (+2.9%) from 2023

Liabilities

Up

$1,852

Up $1,119 (+153%) from 2023

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin70th percentile

Revenue

Down

$206,195

Down $319,860 (-61%) from 2023

Expenses

Up

$162,310

Up $59,217 (+57%) from 2023

Net Income

Down

$43,885

Down $379,077 (-90%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0-$200KAssets 2011: $232,210Liabilities 2011: $40,033Net Assets 2011: $192,1772011Assets 2012: $215,132Liabilities 2012: $40,810Net Assets 2012: $174,3222012Assets 2013: $168,663Liabilities 2013: $49,5582013Assets 2014: $238,303Liabilities 2014: $17,207Net Assets 2014: $221,0962014Assets 2015: $361,073Liabilities 2015: $65,341Net Assets 2015: $295,7322015Assets 2016: $284,933Liabilities 2016: $26,809Net Assets 2016: $258,1242016Assets 2017: $268,552Liabilities 2017: $19,664Net Assets 2017: $248,8882017Assets 2018: $306,445Liabilities 2018: $12,902Net Assets 2018: $293,5432018Assets 2019: $290,322Liabilities 2019: $4,643Net Assets 2019: $285,6792019Assets 2020: $174,515Liabilities 2020: -$3,217Net Assets 2020: $177,7322020Assets 2021: $190,016Liabilities 2021: $12,288Net Assets 2021: $177,7282021Assets 2022: $151,257Liabilities 2022: $0Net Assets 2022: $151,2572022Assets 2023: $582,661Liabilities 2023: $733Net Assets 2023: $581,9282023Assets 2024: $600,673Liabilities 2024: $1,852Net Assets 2024: $598,8212024Assets 2025: $627,844Liabilities 2025: $992Net Assets 2025: $626,8522025

Highlighted filing

2024

Assets$600,673
Liabilities$1,852
Net Assets$598,821
Open 2024 Filing

Operations Trend

Revenue Growth5th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $221,267Expenses 2011: $174,873Net Income 2011: $46,3942011Expenses 2012: $175,7162012Revenue 2013: $77,255Expenses 2013: $132,472Net Income 2013: -$55,2172013Revenue 2014: $282,795Expenses 2014: $180,804Net Income 2014: $101,9912014Revenue 2015: $339,976Expenses 2015: $308,008Net Income 2015: $31,9682015Revenue 2016: $246,720Expenses 2016: $271,553Net Income 2016: -$24,8332016Revenue 2017: $237,387Expenses 2017: $246,615Net Income 2017: -$9,2282017Revenue 2018: $242,210Expenses 2018: $193,031Net Income 2018: $49,1792018Revenue 2019: $209,231Expenses 2019: $219,577Net Income 2019: -$10,3462019Revenue 2020: $65,464Expenses 2020: $172,345Net Income 2020: -$106,8812020Revenue 2021: $97,614Expenses 2021: $115,571Net Income 2021: -$17,9572021Revenue 2022: $30,493Expenses 2022: $37,455Net Income 2022: -$6,9622022Revenue 2023: $526,055Expenses 2023: $103,093Net Income 2023: $422,9622023Revenue 2024: $206,195Expenses 2024: $162,310Net Income 2024: $43,8852024Revenue 2025: $183,401Expenses 2025: $186,100Net Income 2025: -$2,6992025

Highlighted filing

2024

Revenue$206,195
Expenses$162,310
Net Income$43,885
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 30, 2025
Return Version
2023v6.0
Gross Receipts
$206,195
Mission and Program Overview

Mission

The new rochelle fund for educational excellence supports our school system and its extraordinary, diverse student body through advancing equity, excellence and inspring all public school students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$96,137$376,065▲ $279,928
Savings and Temporary Cash Investments$444,679$224,608▼ $220,071
Pledges and Grants Receivable$40,000--
Prepaid Expenses and Deferred Charges$1,845--
Total Assets$582,661$600,673▲ $18,012
Liabilities
Other Liabilities-$1,852-
Accounts Payable and Accrued Expenses$733--
Total Liabilities$733$1,852▲ $1,119
Net Assets / Fund Balance
Net Assets With Donor Restrictions$420,605$441,214▲ $20,609
Net Assets Without Donor Restrictions$161,323$157,607▼ $3,716
Total Net Assets Fund Balance$581,928$598,821▲ $16,893
Total Liabilities and Net Assets / Fund Balance$582,661$600,673▲ $18,012

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$11,757$11,757

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$425,605$15,609--$441,214
2022$35,353$390,252--$425,605
2021$35,353---$35,353
2020$35,353---$35,353
2019$35,353---$35,353
Compensation and Service Providers
Top Officer Pay58th percentile

Board Members and Trustees

NameTitle
Laureen ForkasChair
Stark Jonathan RChair
Artiles DagobertoBoard Member
Bavosa MargaretBoard Member
Fleischman IlianaBoard Member
Iannuzzi WilliamBoard Member
Kelly LindaBoard Member
Raymond JonathanBoard Member
Relkin RichardBoard Member
Sebastian-smith LathellBoard Member
Tarantino Hon AlbertBoard Member
Wallace NadineBoard Member
Hilton MeredithSecretary
Livaccari TomTreasurer
Polow DeirdreVice Oreside
Revenue and Support

Revenue Composition

Contributions and Grants
$194,091
Program Service Revenue
$5,000
Investment Income
$7,104
Other Revenue
$0
All Other Contributions
$74,423
Change in Net Assets
$43,885
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$115,370
Total Fundraising Expense$50,329
Salaries, Compensation, and Employee Benefits$23,742
Grants and Similar Amounts Paid$23,198
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$23,198--$23,198
Other Salaries and Wages-$23,103-$23,103
Fees for Services Accounting-$22,515-$22,515
All Other Expenses$9,101$500$922$10,523
Other Expenses$6,783-$49,407$6,783
Insurance-$3,219-$3,219
Information Technology-$2,392-$2,392
Office Expenses-$807-$807
Payroll Taxes-$639-$639
Conferences and Meetings-$27-$27
Total Functional Expenses$58,779$53,202$50,329$162,310
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City Sch District of New RochelleNew Rochelle, NY-Sponsorship$23,198
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$119,668---
Total Events$119,668---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards Payable$1,255
Payroll Liabilities$597
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The board consists of five executive officers and 10 board members.”

Form 990, Page 6, Part VI, Line 7A

“Annually, all board members meet to elect the new executive board”

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 12C

“Prior to all votes or decisions to take action the board is asked, and is documented in the minutes, of any possible conflicts of interest. Any person with a conflict would be bared from voting on that issue.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
New Rochelle Fund for Educational
EIN
13-3944017
Phone
9145764657
Address
265 CLOVE ROAD, NEW ROCHELLE, NY 10801

Signing Officer

Name
Laureen Forkas
Title
Chair
Phone
9145764657
Signed
2025-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laureen Forkas
Formed
1998
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
13
Employees
1
Volunteers
40

Preparer

Firm
F Liu & Company LLC
Address
157 COLUMBUS AVENUE SUITE 414, NEW YORK, NY 10023
Preparer
Fen Liu CPA
Phone
9175738313
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The new rochelle fund for educational excellence supports our school system and its extraordinary, diverse student body through advancing equity, excellence and inspring all public school students.”

Form 990, Page 2, Part III, Line 4D

“Expenses: 3,440 including grants of: 0 revenue: 0 description: sat review expenses: 2,000 including grants of: 0 revenue: 8,889 description: aaron davis scholarship expenses: 500 including grants of: 0 revenue: 0 descript: jared bergman ms award expenses: 3,161 including grants of: 0 revenue: 5,000 description: poetry oput loud expenses: 6,783 including grants of: 0 revenue: 0 description: opportunity fund”

Raw XML AppendixShowing 400 of 454 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0733
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE NEW ROCHELLE FUND FOR EDUCATIONAL EXCELLENCE SUPPORTS OUR SCHOOL SYSTEM AND ITS EXTRAORDINARY, DIVERSE STUDENT BODY THROUGH ADVANCING EQUITY, EXCELLENCE AND INSPRING ALL PUBLIC SCHOOL STUDENTS.
IRS990/AllOtherContributionsAmt074423
IRS990/AllOtherExpensesGrp/FundraisingAmt0922
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0500
IRS990/AllOtherExpensesGrp/ProgramServicesAmt09101
IRS990/AllOtherExpensesGrp/TotalAmt010523
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0LAUREEN FORKAS
IRS990/BooksInCareOfDetail/PhoneNum09145764657
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0265 CLOVE ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW ROCHELLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010801
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt027
IRS990/ConferencesMeetingsGrp/TotalAmt027
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContriRptFundraisingEventAmt0119668
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0194091
IRS990/CYGrantsAndSimilarPaidAmt023198
IRS990/CYInvestmentIncomeAmt07104
IRS990/CYOtherExpensesAmt0115370
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt05000
IRS990/CYRevenuesLessExpensesAmt043885
IRS990/CYSalariesCompEmpBnftPaidAmt023742
IRS990/CYTotalExpensesAmt0162310
IRS990/CYTotalFundraisingExpenseAmt050329
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0206195
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0GRANTS TO SCHOOLS
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0420605
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0441214
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt023198
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt022515
IRS990/FeesForServicesAccountingGrp/TotalAmt022515
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt95.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/PersonNm0STARK JONATHAN R
IRS990/Form990PartVIISectionAGrp/PersonNm1POLOW DEIRDRE
IRS990/Form990PartVIISectionAGrp/PersonNm2LIVACCARI TOM
IRS990/Form990PartVIISectionAGrp/PersonNm3HILTON MEREDITH
IRS990/Form990PartVIISectionAGrp/PersonNm4TARANTINO HON ALBERT
IRS990/Form990PartVIISectionAGrp/PersonNm5FLEISCHMAN ILIANA
IRS990/Form990PartVIISectionAGrp/PersonNm6ARTILES DAGOBERTO
IRS990/Form990PartVIISectionAGrp/PersonNm7BAVOSA MARGARET
IRS990/Form990PartVIISectionAGrp/PersonNm8KELLY LINDA
IRS990/Form990PartVIISectionAGrp/PersonNm9LAUREEN FORKAS
IRS990/Form990PartVIISectionAGrp/PersonNm10RELKIN RICHARD
IRS990/Form990PartVIISectionAGrp/PersonNm11IANNUZZI WILLIAM
IRS990/Form990PartVIISectionAGrp/PersonNm12RAYMOND JONATHAN
IRS990/Form990PartVIISectionAGrp/PersonNm13WALLACE NADINE
IRS990/Form990PartVIISectionAGrp/PersonNm14SEBASTIAN-SMITH LATHELL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE ORESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt0119668
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt023198
IRS990/GrantsToDomesticOrgsGrp/TotalAmt023198
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0206195
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt013
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02392
IRS990/InformationTechnologyGrp/TotalAmt02392
IRS990/InsuranceGrp/ManagementAndGeneralAmt03219
IRS990/InsuranceGrp/TotalAmt03219
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt07104
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07104
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt096137
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0376065
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt011757
IRS990/LandBldgEquipCostOrOtherBssAmt011757
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE NEW ROCHELLE FUND FOR EDUCATIONAL EXCELLENCE SUPPORTS OUR SCHOOL SYSTEM AND ITS EXTRAORDINARY, DIVERSE STUDENT BODY THROUGH ADVANCING EQUITY, EXCELLENCE AND INSPRING ALL PUBLIC SCHOOL STUDENTS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0581928
IRS990/NetAssetsOrFundBalancesEOYAmt0598821
IRS990/NetUnrlzdGainsLossesInvstAmt0-26992
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0161323
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0157607
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0807
IRS990/OfficeExpensesGrp/TotalAmt0807
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc1ARNELL FOUNDATION SA AWAR
IRS990/OtherExpensesGrp/Desc2MUSEUM OF ARTS AND CULTUR
IRS990/OtherExpensesGrp/Desc3OPPORTUNITY FUND
IRS990/OtherExpensesGrp/FundraisingAmt049407
IRS990/OtherExpensesGrp/ProgramServicesAmt012891
IRS990/OtherExpensesGrp/ProgramServicesAmt16806
IRS990/OtherExpensesGrp/ProgramServicesAmt26783
IRS990/OtherExpensesGrp/TotalAmt049407
IRS990/OtherExpensesGrp/TotalAmt112891
IRS990/OtherExpensesGrp/TotalAmt26806
IRS990/OtherExpensesGrp/TotalAmt36783
IRS990/OtherLiabilitiesGrp/EOYAmt01852
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt023103
IRS990/OtherSalariesAndWagesGrp/TotalAmt023103
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0639
IRS990/PayrollTaxesGrp/TotalAmt0639
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt040000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01845
IRS990/PrincipalOfficerNm0LAUREEN FORKAS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0POETRY OUT LOUD
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05000
IRS990/ProgSrvcAccomActy2Grp/Desc0ARNELL FOUNDATION SA AWARD
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt012891
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt020000
IRS990/ProgSrvcAccomActy3Grp/Desc0MUSEUM OF ARTS AND CULTURE
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt06806
IRS990/ProgSrvcAccomActyOtherGrp/Desc0EXPENSES: 3,440 INCLUDING GRANTS OF: 0 REVENUE: 0 DESCRIPTION: SAT REVIEW EXPENSES: 2,000 INCLUDING GRANTS OF: 0 REVENUE: 8,889 DESCRIPTION: AARON DAVIS SCHOLARSHIP EXPENSES: 500 INCLUDING GRANTS OF: 0 REVENUE: 0 DESCRIPT: JARED BERGMAN MS AWARD EXPENSES: 3,161 INCLUDING GRANTS OF: 0 REVENUE: 5,000 DESCRIPTION: POETRY OPUT LOUD EXPENSES: 6,783 INCLUDING GRANTS OF: 0 REVENUE: 0 DESCRIPTION: OPPORTUNITY FUND
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt015884
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt018889
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0501068
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt08200
IRS990/PYInvestmentIncomeAmt08962
IRS990/PYOtherExpensesAmt074319
IRS990/PYProgramServiceRevenueAmt016025
IRS990/PYRevenuesLessExpensesAmt0422962
IRS990/PYSalariesCompEmpBnftPaidAmt020574
IRS990/PYTotalExpensesAmt0103093
IRS990/PYTotalRevenueAmt0526055
IRS990/ReconcilationRevenueExpnssAmt043885
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0444679
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0224608
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0199091
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0517093
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt024162
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt070556
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt060460
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0871362
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt07104
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt08962
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02016
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01752
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05004
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt024838
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt012104
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97230
IRS990ScheduleA/PublicSupportPY170Pct00.97880
IRS990ScheduleA/PublicSupportTotal170Amt0871362
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0199091
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0517093
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt024162
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt070556
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt060460
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0871362
IRS990ScheduleA/TotalSupportAmt0896200
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.29000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0425605
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt015609
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0441214
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt035353
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0390252
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0425605
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt035353
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt035353
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt035353
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt035353
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt035353
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt035353
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011757
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011757
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01255
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1597
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARDS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.71000
IRS990ScheduleD/TotalLiabilityAmt01852
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0119668
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0119668
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0119668
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0119668
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt023198
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SPONSORSHIP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY SCH DISTRICT OF NEW ROCHELLE
IRS990ScheduleI/RecipientTable/RecipientEIN0136007142
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0515 NORTH AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW ROCHELLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010801
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE NEW ROCHELLE FUND FOR EDUCATIONAL EXCELLENCE SUPPORTS OUR SCHOOL SYSTEM AND ITS EXTRAORDINARY, DIVERSE STUDENT BODY THROUGH ADVANCING EQUITY, EXCELLENCE AND INSPRING ALL PUBLIC SCHOOL STUDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES: 3,440 INCLUDING GRANTS OF: 0 REVENUE: 0 DESCRIPTION: SAT REVIEW EXPENSES: 2,000 INCLUDING GRANTS OF: 0 REVENUE: 8,889 DESCRIPTION: AARON DAVIS SCHOLARSHIP EXPENSES: 500 INCLUDING GRANTS OF: 0 REVENUE: 0 DESCRIPT: JARED BERGMAN MS AWARD EXPENSES: 3,161 INCLUDING GRANTS OF: 0 REVENUE: 5,000 DESCRIPTION: POETRY OPUT LOUD EXPENSES: 6,783 INCLUDING GRANTS OF: 0 REVENUE: 0 DESCRIPTION: OPPORTUNITY FUND
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD CONSISTS OF FIVE EXECUTIVE OFFICERS AND 10 BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUALLY, ALL BOARD MEMBERS MEET TO ELECT THE NEW EXECUTIVE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRIOR TO ALL VOTES OR DECISIONS TO TAKE ACTION THE BOARD IS ASKED, AND IS DOCUMENTED IN THE MINUTES, OF ANY POSSIBLE CONFLICTS OF INTEREST. ANY PERSON WITH A CONFLICT WOULD BE BARED FROM VOTING ON THAT ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0582661
IRS990/TotalAssetsEOYAmt0600673
IRS990/TotalAssetsGrp/BOYAmt0582661
IRS990/TotalAssetsGrp/EOYAmt0600673
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0194091
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt050329
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt053202
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt058779
IRS990/TotalFunctionalExpensesGrp/TotalAmt0162310
IRS990/TotalGrossUBIAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$600,673
Liabilities
$1,852
Net assets
$598,821
Revenue
$206,195
Expenses
$162,310
Net income
$43,885
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.28$0.01$6.27$1.83$1.86$0.03
2024Detailed filing. Detailed filing data is available for this year.$6.01$0.02$5.99$2.06$1.62$0.44
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.83$0.01$5.82$5.26$1.03$4.23
2022Detailed filing. Detailed filing data is available for this year.$1.51$0.00$1.51$0.30$0.37$0.07
2021Summary only. Only limited summary data is available for this year.$1.90$0.12$1.78$0.98$1.16$0.18
2020Summary only. Only limited summary data is available for this year.$1.75$0.03$1.78$0.65$1.72$1.07
2019Summary only. Only limited summary data is available for this year.$2.90$0.05$2.86$2.09$2.20$0.10
2018Summary only. Only limited summary data is available for this year.$3.06$0.13$2.94$2.42$1.93$0.49
2017Detailed filing. Detailed filing data is available for this year.$2.69$0.20$2.49$2.37$2.47$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.85$0.27$2.58$2.47$2.72$0.25
2015Summary only. Only limited summary data is available for this year.$3.61$0.65$2.96$3.40$3.08$0.32
2014Detailed filing. Detailed filing data is available for this year.$2.38$0.17$2.21$2.83$1.81$1.02
2013Summary only. Only limited summary data is available for this year.$1.69$0.50$0.77$1.32$0.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.15$0.41$1.74$1.76
2011Summary only. Only limited summary data is available for this year.$2.32$0.40$1.92$2.21$1.75$0.46