Civic Intelligence

Absolute Return for Kids Us Inc

990 • Fiscal year 2018 • EIN 13-4147912

Sep 01, 2017 to Aug 31, 2018 • Filed on Mar 19, 2019

Organization ProfileWWW.US.ARKONLINE.ORG
16 Ryan StreetSyosset, NY 11791

(212) 417-9404

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$725,401

Flat from 2018

Net Assets

Flat

$133,371

Flat from 2018

Liabilities

Flat

$592,030

Flat from 2018

Revenue And Expenses

Revenue

Flat

$636,877

Flat from 2018

Expenses

Flat

$1,010,245

Flat from 2018

Net Income

Flat

-$373,368

Flat from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,786,804Liabilities 2011: $114,423Net Assets 2011: $1,672,3812011Assets 2012: $582,661Liabilities 2012: $42,218Net Assets 2012: $540,4432012Assets 2013: $601,447Liabilities 2013: $334,902Net Assets 2013: $266,5452013Assets 2014: $276,502Liabilities 2014: $10,000Net Assets 2014: $266,5022014Assets 2015: $357,618Liabilities 2015: $16,515Net Assets 2015: $341,1032015Assets 2016: $172,287Liabilities 2016: $13,904Net Assets 2016: $158,3832016Assets 2017: $524,178Liabilities 2017: $17,439Net Assets 2017: $506,7392017Assets 2018: $725,401Liabilities 2018: $592,030Net Assets 2018: $133,3712018Assets 2018: $725,401Liabilities 2018: $592,030Net Assets 2018: $133,3712018Assets 2019: $104,048Liabilities 2019: $8,025Net Assets 2019: $96,0232019Assets 2020: $17,704Liabilities 2020: $5,000Net Assets 2020: $12,7042020Assets 2021: $124,188Liabilities 2021: $110,500Net Assets 2021: $13,6882021

Highlighted filing

2018

Assets$725,401
Liabilities$592,030
Net Assets$133,371
Open 2018 Filing

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $2,440,9922011Revenue 2012: $2,578,909Expenses 2012: $3,710,847Net Income 2012: -$1,131,9382012Expenses 2013: $765,8572013Revenue 2014: $898,705Expenses 2014: $898,748Net Income 2014: -$432014Revenue 2015: $1,751,322Expenses 2015: $1,676,721Net Income 2015: $74,6012015Revenue 2016: $1,036,554Expenses 2016: $1,219,274Net Income 2016: -$182,7202016Revenue 2017: $1,778,884Expenses 2017: $1,430,528Net Income 2017: $348,3562017Revenue 2018: $636,877Expenses 2018: $1,010,245Net Income 2018: -$373,3682018Revenue 2018: $636,877Expenses 2018: $1,010,245Net Income 2018: -$373,3682018Revenue 2019: $259,497Expenses 2019: $296,845Net Income 2019: -$37,3482019Revenue 2020: $140,618Expenses 2020: $223,937Net Income 2020: -$83,3192020Revenue 2021: $110,002Expenses 2021: $109,018Net Income 2021: $9842021

Highlighted filing

2018

Revenue$636,877
Expenses$1,010,245
Net Income-$373,368
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Mar 19, 2019
Return Version
2017v2.3
Gross Receipts
$636,877
Mission and Program Overview

Mission

Ark us supports arks international programs, subject to the approval of ark us board of directors, while also exploring new programming ventures in the americas.

Absolute return for kids us, inc (ark us) supports absolute return for kids (ark), whose purpose is to transform childrens lives through health, education and child protection programs, by building awareness and cultivating individual donors and institutional partners in the us and by developing us-based ark programs. A registered public charity based in new york, ark us offers donors the opportunity to make social investments in arks innovative programs for vulnerable children worldwide.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$110,513$586,279▲ $475,766
Pledges and Grants Receivable$412,100$136,232▼ $275,868
Prepaid Expenses and Deferred Charges$1,565$2,890▲ $1,325
Total Assets$524,178$725,401▲ $201,223
Liabilities
Grants Payable-$583,030-
Accounts Payable and Accrued Expenses$17,439$9,000▼ $8,439
Total Liabilities$17,439$592,030▲ $574,591
Net Assets / Fund Balance
Temporarily Rstr Net Assets$512,100$136,232▼ $375,868
Unrestricted Net Assets$-5,361$-2,861▲ $2,500
Total Net Assets Fund Balance$506,739$133,371▼ $373,368
Total Liabilities and Net Assets / Fund Balance$524,178$725,401▲ $201,223
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gary YannazzoChairman
Jeffrey TarrantChairman (through 10/18/17)
Micky SandallDirector
Suzan RoseDirector
Jennifer MosesDirector (through 10/18/17)
Kevin GundleDirector (through 8/15/18)
Revenue and Support

Revenue Composition

Contributions and Grants
$636,849
Program Service Revenue
$0
Investment Income
$28
Other Revenue
$0
All Other Contributions
$636,849
Change in Net Assets
$-373,368

Audited Revenue Reconciliation

Revenue per Audited Statements
$636,877
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$636,877
Total Revenue per Form 990
$636,877
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$992,713
Other Expenses$17,532
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$992,713--$992,713
Fees for Services Accounting-$8,011-$8,011
Fees for Services Other-$6,000-$6,000
Insurance-$3,221-$3,221
Fees for Services Legal-$269-$269
Other Expenses-$31-$31
Total Functional Expenses$992,713$17,532$0$1,010,245

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,010,245
Total Expenses per Audited Statements$1,010,245
Total Expenses per Form 990$1,010,245
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Part VI, Section B, Line 11B

“The organization circulates a draft copy, in electronic form, of the 990 to the board of directors, providing reasonable time to its members to review and respond before the tax return is filed. Subsequently after the completion of the review, the treasurer reviews the final draft and then the tax return is filed.”

Form 990, Part VI, Section B, Line 12C

“Absolute return for kids us, inc. (ark us) has designated responsibility for monitoring conflicts of interest to an officer of the organization (vice chairman). If upon screening a conflict of interest is identified, ark us makes every effort to ensure it is dealt with swiftly and thoughtfully with review from all relevant parties and legal counsel. If a conflict exists, that person will be recused from participating.”

Form 990, Part VI, Section C, Line 19

“Organization retains a hard copy of documents at office in new york, and information is available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Absolute Return for Kids US Inc
EIN
13-4147912
Phone
2124179404
Address
16 RYAN STREET, SYOSSET, NY 11791

Signing Officer

Name
Gary Yannazzo
Title
Director
Phone
2124179404
Signed
2019-03-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Yannazzo
Formed
2001
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Lutz and Carr Cpas Llp
Address
551 FIFTH AVENUE SUITE 400, NEW YORK, NY 10176
Preparer
Martin Berkowitz
Phone
2126972299
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0FUNDS ARE ONLY GRANTED WHEN THE TERMS AND CONDITIONS OF THE GRANT HAVE BEEN ACCEPTED. THE KEY TERMS AND CONDITIONS OF THE GRANT WHICH ENABLE THE ORGANIZATION TO MONITOR USE OF FUNDS OUTSIDE THE US ARE AS FOLLOWS: -THE GRANTEE WILL MAINTAIN RECORDS OF RECEIPTS AND DISBURSEMENTS RELATED TO THE USE OF THE GRANT AND WILL MAKE SUCH RECORDS AVAILABLE FOR INSPECTION, UPON REQUEST, BY ABSOLUTE RETURN FOR KIDS US, INC. -THE GRANTEE WILL NOTIFY ABSOLUTE RETURN FOR KIDS US, INC. IMMEDIATELY OF ANY SIGNIFICANT ORGANIZATIONAL CHANGES DURING THE TERM OF THE GRANT, INCLUDING CHANGES IN CHARITABLE STATUS. -THE GRANTEE WILL PERMIT ABSOLUTE RETURN FOR KIDS US, INC. TO REVIEW THE ACTIVITIES OF THE GRANTEE AND WILL PERMIT ABSOLUTE RETURN FOR KIDS US, INC. TO CONDUCT AN INDEPENDENT FINANCIAL AND/OR PROGRAMMATIC AUDIT OF THE EXPENDITURE OF THIS GRANT IF SO REQUIRED. THE GRANTEE AGREES TO SUBMIT SIGNED GRANT EVALUATION REPORTS TO ABSOLUTE RETURN FOR KIDS US, INC. USING AN AGREED FORMAT AND WITHIN AN AGREED TIME FRAME AS FOLLOWS: -THE FIRST REPORT WITHIN ONE YEAR OF RECEIPT OF THE FIRST INSTALLMENT OF THIS GRANT. -SUBSEQUENT REPORTS ARE DUE WITHIN ONE YEAR OF THE FIRST REPORT FOR ALL YEAR5 WHERE ADDITIONAL GRANT INSTALLMENTS ARE PAID. THE GRANT EVALUATION REPORT ASKS FOR DETAILS FOR THE PROJECT FOR WHICH THE GRANT WAS REQUESTED AND THE USE WITHIN THAT PROJECT TO WHICH THE FUNDS WERE PUT IN ADDITION TO DETAILS OF THE RESULTS ACHIEVED. IT ALSO ASKS FOR CONFIRMATION THAT: -THE FUNDS WERE USED EXCLUSIVELY FOR EXEMPT PURPOSES AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED. -NO PORTION OF THIS GRANT WAS USED IN CARRYING OUT PROPAGANDA OR OTHERWISE ATTEMPTING TO INFLUENCE LEGISLATION. -NO PORTION OF THE FUNDS GRANTED WERE USED TO PARTICIPATE IN ANY POLITICAL CAMPAIGN ON BEHALF OF, OR IN OPPOSITION T0, ANY CANDIDATE FOR PUBLIC OFFICE. -NO PORTION OF THE FUNDS WERE USED TO MAKE GRANTS TO INDIVIDUALS ON A NON-OBJECTIVE BASIS. -NO PORTION OF THE FUNDS WERE USED TO MAKE GRANTS FOR ANY NON-CHARITABLE OR NON-EDUCATIONAL PURPOSE. -THE WHOLE OF THE GRANT WAS USED EXCLUSIVELY FOR CHARITABLE PURPOSES AND THERE IS NO BALANCE TO REPAY. -RECORDS OF RECEIPTS AND DISBURSEMENTS RELATED TO THE USE OF THE GRANT HAVE BEEN MADE AND ARE AVAILABLE UPON REQUEST. -THERE WERE NO SIGNIFICANT ORGANIZATIONAL CHANGES WITHIN DURING THE TERM OF THE GRANT, INCLUDING CHANGES IN CHARITABLE STATUS. -THE ACTIVITIES ARE AVAILABLE FOR REVIEW BY ABSOLUTE RETURN FOR KIDS US INC. -ABSOLUTE RETURN FOR KIDS US, INC. MAY CONDUCT AN INDEPENDENT FINANCIAL AND/OR PROGRAMMATIC AUDIT OF THE EXPENDITURE OF THIS GRANT IF THEY SO DESIRE.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt00
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION CIRCULATES A DRAFT COPY, IN ELECTRONIC FORM, OF THE 990 TO THE BOARD OF DIRECTORS, PROVIDING REASONABLE TIME TO ITS MEMBERS TO REVIEW AND RESPOND BEFORE THE TAX RETURN IS FILED. SUBSEQUENTLY AFTER THE COMPLETION OF THE REVIEW, THE TREASURER REVIEWS THE FINAL DRAFT AND THEN THE TAX RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ABSOLUTE RETURN FOR KIDS US, INC. (ARK US) HAS DESIGNATED RESPONSIBILITY FOR MONITORING CONFLICTS OF INTEREST TO AN OFFICER OF THE ORGANIZATION (VICE CHAIRMAN). IF UPON SCREENING A CONFLICT OF INTEREST IS IDENTIFIED, ARK US MAKES EVERY EFFORT TO ENSURE IT IS DEALT WITH SWIFTLY AND THOUGHTFULLY WITH REVIEW FROM ALL RELEVANT PARTIES AND LEGAL COUNSEL. IF A CONFLICT EXISTS, THAT PERSON WILL BE RECUSED FROM PARTICIPATING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION RETAINS A HARD COPY OF DOCUMENTS AT OFFICE IN NEW YORK, AND INFORMATION IS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/StatesWhereCopyOfReturnIsFldCd1DE
IRS990/StatesWhereCopyOfReturnIsFldCd2CA
IRS990/StatesWhereCopyOfReturnIsFldCd3CT
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0512100
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0136232
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0524178
IRS990/TotalAssetsEOYAmt0725401
IRS990/TotalAssetsGrp/BOYAmt0524178
IRS990/TotalAssetsGrp/EOYAmt0725401
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0636849
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017532
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0992713
IRS990/TotalFunctionalExpensesGrp/TotalAmt01010245
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt017439
IRS990/TotalLiabilitiesEOYAmt0592030
IRS990/TotalLiabilitiesGrp/BOYAmt017439
IRS990/TotalLiabilitiesGrp/EOYAmt0592030
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0506739
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0133371
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0992713
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt028
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0636877
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0524178
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0725401
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-5361
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-2861
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt016 RYAN STREET
IRS990/USAddress/CityNm0SYOSSET
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011791
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.US.ARKONLINE.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GARY YANNAZZO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02124179404
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-03-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ABSOLUTE RETURN FOR KIDS US INC
ReturnHeader/Filer/BusinessNameControlTxt0ABSO
ReturnHeader/Filer/EIN0134147912
ReturnHeader/Filer/PhoneNum02124179404
ReturnHeader/Filer/USAddress/AddressLine1Txt016 RYAN STREET
ReturnHeader/Filer/USAddress/CityNm0SYOSSET
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011791
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId07EE24DDEAA34AFAE9DF92C3D2672F42BD3DA974D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId096FB9905D49D557DC439409F2A27F61CBFD9A220
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt038.142.140.186
ReturnHeader/FilingSecurityInformation/IPDt02019-03-19
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm015:23:21
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0131655065
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LUTZ AND CARR CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0551 FIFTH AVENUE SUITE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010176
ReturnHeader/PreparerPersonGrp/PhoneNum02126972299
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARTIN BERKOWITZ
ReturnHeader/ReturnTs02019-04-17T10:44:11-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-09-01
ReturnHeader/TaxPeriodEndDt02018-08-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$725,401
Liabilities
$592,030
Net assets
$133,371
Revenue
$636,877
Expenses
$1,010,245
Net income
-$373,368
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.11$0.01$0.11$0.11$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.02$0.01$0.01$0.14$0.22$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.10$0.01$0.10$0.26$0.30$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.73$0.59$0.13$0.64$1.01$0.37
2018Detailed filing. Detailed filing data is available for this year.$0.73$0.59$0.13$0.64$1.01$0.37
2017Detailed filing. Detailed filing data is available for this year.$0.52$0.02$0.51$1.78$1.43$0.35
2016Detailed filing. Detailed filing data is available for this year.$0.17$0.01$0.16$1.04$1.22$0.18
2015Detailed filing. Detailed filing data is available for this year.$0.36$0.02$0.34$1.75$1.68$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.28$0.01$0.27$0.90$0.90$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.33$0.27$0.77
2012Summary only. Only limited summary data is available for this year.$0.58$0.04$0.54$2.58$3.71$1.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.11$1.67$2.44