Civic Intelligence

Commonwise Education Inc.

990 • Fiscal year 2023 • EIN 45-2201993

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 09, 2024

2431 Morris AvenueBronx, NY 10468

(718) 304-0041

Siviq Scores

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

Liabilities / Assets

50th percentile

0.06x

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

2023 filings • NTEE S • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

48th percentile

0.05x

Higher debt load relative to revenue than 48% of similar nonprofits.

2023 filings • NTEE S • $500k-$1M nonprofits • Source year 2023

Net Margin

9th percentile

-42%

Higher net margin than 9% of similar nonprofits.

2023 filings • NTEE S • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

59th percentile

$52,090

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

2023 filings • NTEE S • $500k-$1M nonprofits • Source year 2023

Asset Growth

6th percentile

-34%

Faster asset growth than 6% of similar nonprofits.

2023 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

7th percentile

-46%

Faster revenue growth than 7% of similar nonprofits.

2023 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$529,521

Down $275,174 (-34%) from 2022

Net Assets

Down

$496,011

Down $271,120 (-35%) from 2022

Liabilities

Down

$33,510

Down $4,054 (-11%) from 2022

Revenue

Down

$653,023

Down $555,767 (-46%) from 2022

Expenses

Down

$924,143

Down $393,974 (-30%) from 2022

Net Income

Down

-$271,120

Down $161,793 (-148%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $51,297Liabilities 2011: $0Net Assets 2011: $51,2972011Assets 2012: $287,794Liabilities 2012: $0Net Assets 2012: $287,7942012Assets 2013: $880,353Liabilities 2013: $0Net Assets 2013: $880,3532013Assets 2014: $828,045Liabilities 2014: $17,975Net Assets 2014: $810,0702014Assets 2015: $748,554Liabilities 2015: $28,874Net Assets 2015: $719,6802015Assets 2016: $493,406Liabilities 2016: $61,678Net Assets 2016: $431,7282016Assets 2017: $1,108,391Liabilities 2017: $26,687Net Assets 2017: $1,081,7042017Assets 2018: $637,164Liabilities 2018: $49,760Net Assets 2018: $587,4042018Assets 2019: $517,755Liabilities 2019: $157,218Net Assets 2019: $360,5372019Assets 2020: $1,189,643Liabilities 2020: $182,068Net Assets 2020: $1,007,5752020Assets 2021: $784,166Liabilities 2021: $172,161Net Assets 2021: $612,0052021Assets 2022: $804,695Liabilities 2022: $37,564Net Assets 2022: $767,1312022Assets 2023: $529,521Liabilities 2023: $33,510Net Assets 2023: $496,0112023Assets 2024: $479,655Liabilities 2024: $294,107Net Assets 2024: $185,5482024

Highlighted filing

2023

Assets$529,521
Liabilities$33,510
Net Assets$496,011

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $98,7032011Expenses 2012: $146,3782012Revenue 2013: $1,303,500Expenses 2013: $710,941Net Income 2013: $592,5592013Revenue 2014: $130,300Expenses 2014: $175,583Net Income 2014: -$45,2832014Revenue 2015: $268,552Expenses 2015: $358,942Net Income 2015: -$90,3902015Revenue 2016: $408,558Expenses 2016: $599,504Net Income 2016: -$190,9462016Revenue 2017: $1,209,247Expenses 2017: $559,271Net Income 2017: $649,9762017Revenue 2018: $309,312Expenses 2018: $803,612Net Income 2018: -$494,3002018Revenue 2019: $786,441Expenses 2019: $1,013,308Net Income 2019: -$226,8672019Revenue 2020: $1,748,080Expenses 2020: $1,101,042Net Income 2020: $647,0382020Revenue 2021: $932,355Expenses 2021: $1,327,925Net Income 2021: -$395,5702021Revenue 2022: $1,208,790Expenses 2022: $1,318,117Net Income 2022: -$109,3272022Revenue 2023: $653,023Expenses 2023: $924,143Net Income 2023: -$271,1202023Revenue 2024: $314,772Expenses 2024: $625,235Net Income 2024: -$310,4632024

Highlighted filing

2023

Revenue$653,023
Expenses$924,143
Net Income-$271,120
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 9, 2024
Return Version
2023v5.1
Gross Receipts
$653,023
Mission and Program Overview

Mission

Commonwise education, inc will provide on-line education and training in the areas of entrepreneurship,management, sustainability, organizational development and innovation to social enterprise and community development businesses, employee and cooperatively owned businesses. These services are designed to increase the success and viability of these businesses.

The Organization coordinates the people, businesses and institutions of the Bronx to develop shared wealth and ownership and supports low income people of color in the decision making process at every step. This network of stakeholders,is known as the Bronx Cooperative Development Initiative (BCDI). Based on a framework of economic democracy, BCDI leverages existing Bronx assets to address economic, social, and environmental challenges within the borough, and supports collective ownership models in order to distribute wealth and decision-making equitably and broadly among Bronx residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$573,194$285,748▼ $287,446
Pledges and Grants Receivable$210,645$235,598▲ $24,953
Cash and Non-Interest-Bearing Accounts$11,953$0▼ $11,953
Prepaid Expenses and Deferred Charges$8,903$8,175▼ $728
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$804,695$529,521▼ $275,174
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$30,087$33,510▲ $3,423
Other Liabilities$7,477--
Total Liabilities$37,564$33,510▼ $4,054
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$756,535$496,011▼ $260,524
Net Assets With Donor Restrictions$10,596--
Total Net Assets Fund Balance$767,131$496,011▼ $271,120
Total Liabilities and Net Assets / Fund Balance$804,695$529,521▼ $275,174

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$81,981$81,981
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael PartisExecutive DirectorFT$46,142$5,948$52,090

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$600,535
Program Service Revenue
$41,500
Investment Income
$10,988
Other Revenue
$0
All Other Contributions
$600,535
Change in Net Assets
$-271,120

Audited Revenue Reconciliation

Revenue per Audited Statements
$653,023
Total Revenue per Audited Statements
$653,023
Total Revenue per Form 990
$653,023
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$689,963
Other Expenses$230,805
Total Fundraising Expense$5,270
Professional Fundraising Fees$3,375
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$348,709$134,975-$483,684
Other Employee Benefits$82,489$25,155-$107,644
Office Expenses$21,435$44,364$95$65,894
Fees for Services Other$1,310$52,614-$53,924
Current Officers, Directors, Trustees, and Key Employees-$52,090-$52,090
Payroll Taxes$30,634$15,911-$46,545
Fees for Services Accounting-$38,288-$38,288
Occupancy$30,600$3,600$1,800$36,000
Insurance-$7,852-$7,852
Fees for Services Professional Fundraising--$3,375$3,375
Travel$1,253$657-$1,910
Conferences and Meetings$1,215--$1,215
Other Expenses-$697-$697
Fees for Services Legal-$25-$25
Total Functional Expenses$517,645$401,228$5,270$924,143

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$924,143
Total Expenses per Audited Statements$924,143
Total Expenses per Form 990$924,143
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$3,375
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

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

A copy of the form 990 will be provided to the President, prior to submission to the internal revenue service.

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

Conflict of interest policy was adopted at board meeting by unanimous resolution dated May 24, 2011. All board members are required to complete an annual disclosure of any conflicts to determine whether a conflict of interest exists. After disclosure of the financial interest, all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. The procedures of addressing the conflict of interest is as follows:(1) An interest person shall leave the meeting during the discussion of the transaction or arrangement involving possible conflict of interest. Any interested person shall not attempt to influence the board of directors regarding the conflict matter. (2) The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. (3) After exercising due diligence, the governing board or committee shall determine whether the organization can obtain, with reasonable efforts, a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. (4) If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote whether the transaction or arrangement is in the organization's best interest, and whether it is fair and reasonable and in conformity with the above determination, then it shall make its decision as to whether to enter into the transaction or arrangement.

Form 990, Part VI, Section C, Line 19

DISCLOSURE OF the GOVERNING documents CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Commonwise Education Inc
EIN
45-2201993
Phone
7183040041
Address
2431 Morris Avenue, Bronx, NY 10468

Signing Officer

Name
Nick Iuviene
Title
Treasurer
Signed
2024-10-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sandra Lobo
Formed
2011
Legal Domicile
Vt
Voting Board Members
9
Independent Board Members
9
Employees
11
Volunteers
47

Preparer

Firm
WatsonRice LLP
Address
31 West 34th Street 7006, New York, NY 10001
Preparer
Baruti Bediako CPA
Phone
2124477300
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Auditing standards generally accepted in the United States of America require management to evaluate the tax position taken or expected to be taken by the Organization in a tax return and to recognize a tax liability or an asset if the Organization has taken an uncertain position that more-likely-than-not would be sustained upon examination by the Internal Revenue Service. The Organization does not believe its financial statements include any uncertain tax positions. Management believes it is no longer subject to income tax examinations for tax returns filed prior to 2018.

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IRS990/Desc0In 2023 BCDI supported the development of Bronxwide community planning and business infrastructure for economic democracy. This took the shape of co-leading a Bronxwide community planning coalition through our Policy and Planning team, convening and supporting Bronx anchor purchasers and small businesses through the BronXchange, and educating community leaders on models and projects for deepening shared ownership and shared wealth in our communities through the Economic Democracy Learning Center. A signature piece of BCDIs work is co-leading a coalition of 12 community, faith, and labor organizations for a Bronxwide Plan: a long-term Bronxwide economic development plan grounded in racial justice and economic democracy. In 2023 BCDI continued this multi-year effort by synthesizing 20 community-led economic development projects and concept ideas through an online and offline public engagement campaign. We then convened community leaders from across the borough to develop a rubric to assess the viability of projects to advance further. This led to the development of the Sustainable Economy Partnership, scoped as a multi-million dollar borough-wide initiative to advance environmental resilience, small business, and workforce development aligned to our values.In 2023 the BronXchange continued to provide technical assistance to all of our small business clients. Cooperative succession planning became a new addition to our work. BronXchange partnered with the Women's Housing and Economic Development Corporation (WHEDco) in hosting in-person events focused on connecting Bronx businesses in their catchment area with institutional purchasing opportunities. The events and procurement panels centered small Bronx businesses. We shared lessons learned over a decade in contracting with local businesses.For our learning and education work, we continued to engage educators on pathways to educating for economic democracy from K-12 through higher education. We published a report and article in Nonprofit Quarterly reflecting on the 2022 Economic Democracy Schools Fellowship and continued to support educators to develop curriculum aligned to these principles. For postsecondary educators, teh Teaching Economic Democracy webinars we hosted invited panelists to share ways to incorporate employee ownership, cooperatives, and economic democracy into a class and discipline. Panelists also share their latest resources, materials, and concepts for subjects ranging from business, sociology, and public policy, to urban, labor, and community development.
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IRS990/MissionDesc0COMMONWISE EDUCATION, INC WILL PROVIDE ON-LINE EDUCATION AND TRAINING IN THE AREAS OF ENTREPRENEURSHIP,MANAGEMENT, SUSTAINABILITY, ORGANIZATIONAL DEVELOPMENT AND INNOVATION TO SOCIAL ENTERPRISE AND COMMUNITY DEVELOPMENT BUSINESSES, EMPLOYEE AND COOPERATIVELY OWNED BUSINESSES. THESE SERVICES ARE DESIGNED TO INCREASE THE SUCCESS AND VIABILITY OF THESE BUSINESSES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0767131
IRS990/NetAssetsOrFundBalancesEOYAmt0496011
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OccupancyGrp/ManagementAndGeneralAmt03600
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IRS990/OfficeExpensesGrp/TotalAmt065894
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt025155
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt082489
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0107644
IRS990/OtherExpensesGrp/Desc0Credit loss expense
IRS990/OtherExpensesGrp/Desc1Other Expenses
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt025000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1697
IRS990/OtherExpensesGrp/TotalAmt025000
IRS990/OtherExpensesGrp/TotalAmt1697
IRS990/OtherLiabilitiesGrp/BOYAmt07477
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0134975
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0483684
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015911
IRS990/PayrollTaxesGrp/ProgramServicesAmt030634
IRS990/PayrollTaxesGrp/TotalAmt046545
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0210645
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0235598
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08903
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08175
IRS990/PrincipalOfficerNm0Sandra Lobo
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0Consulting Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt041500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt041500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01155550
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt05379
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0579468
IRS990/PYProgramServiceRevenueAmt047861
IRS990/PYRevenuesLessExpensesAmt0-109327
IRS990/PYSalariesCompEmpBnftPaidAmt0738649
IRS990/PYTotalExpensesAmt01318117
IRS990/PYTotalRevenueAmt01208790
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-271120
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt041500
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0573194
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0285748
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0600535
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0889863
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01548949
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0605393
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04800290
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt010988
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05379
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02272
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02745
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04205
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt025589
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
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IRS990ScheduleA/PublicSupportPY170Pct00.63180
IRS990ScheduleA/PublicSupportTotal170Amt03580380
IRS990ScheduleA/SubstantialContributorsTotAmt01219910
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0600535
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01155550
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0889863
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01548949
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0605393
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04800290
IRS990ScheduleA/TotalSupportAmt04825879
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt081981
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt081981
IRS990ScheduleD/ExpensesSubtotalAmt0924143
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt0653023
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Auditing standards generally accepted in the United States of America require management to evaluate the tax position taken or expected to be taken by the Organization in a tax return and to recognize a tax liability or an asset if the Organization has taken an uncertain position that more-likely-than-not would be sustained upon examination by the Internal Revenue Service. The Organization does not believe its financial statements include any uncertain tax positions. Management believes it is no longer subject to income tax examinations for tax returns filed prior to 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleD/TotalRevenuePerForm990Amt0653023
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0653023
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0924143
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of the form 990 will be provided to the President, prior to submission to the internal revenue service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflict of interest policy was adopted at board meeting by unanimous resolution dated May 24, 2011. All board members are required to complete an annual disclosure of any conflicts to determine whether a conflict of interest exists. After disclosure of the financial interest, all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. The procedures of addressing the conflict of interest is as follows:(1) An interest person shall leave the meeting during the discussion of the transaction or arrangement involving possible conflict of interest. Any interested person shall not attempt to influence the board of directors regarding the conflict matter. (2) The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. (3) After exercising due diligence, the governing board or committee shall determine whether the organization can obtain, with reasonable efforts, a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. (4) If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote whether the transaction or arrangement is in the organization's best interest, and whether it is fair and reasonable and in conformity with the above determination, then it shall make its decision as to whether to enter into the transaction or arrangement.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DISCLOSURE OF the GOVERNING documents CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE 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/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0804695
IRS990/TotalAssetsEOYAmt0529521
IRS990/TotalAssetsGrp/BOYAmt0804695
IRS990/TotalAssetsGrp/EOYAmt0529521
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0600535
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05270
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0517645
IRS990/TotalFunctionalExpensesGrp/TotalAmt0924143
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt037564
IRS990/TotalLiabilitiesEOYAmt033510
IRS990/TotalLiabilitiesGrp/BOYAmt037564
IRS990/TotalLiabilitiesGrp/EOYAmt033510
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0496011
IRS990/TotalOtherCompensationAmt05948
IRS990/TotalProgramServiceExpensesAmt0517645
IRS990/TotalProgramServiceRevenueAmt041500
IRS990/TotalReportableCompFromOrgAmt046142

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.29$0.19$0.31$0.63$0.31
2023Detailed filing. Detailed filing data is available for this year.$0.53$0.03$0.50$0.65$0.92$0.27
2022Detailed filing. Detailed filing data is available for this year.$0.80$0.04$0.77$1.21$1.32$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.78$0.17$0.61$0.93$1.33$0.40
2020Detailed filing. Detailed filing data is available for this year.$1.19$0.18$1.01$1.75$1.10$0.65
2019Detailed filing. Detailed filing data is available for this year.$0.52$0.16$0.36$0.79$1.01$0.23
2018Detailed filing. Detailed filing data is available for this year.$0.64$0.05$0.59$0.31$0.80$0.49
2017Detailed filing. Detailed filing data is available for this year.$1.11$0.03$1.08$1.21$0.56$0.65
2016Detailed filing. Detailed filing data is available for this year.$0.49$0.06$0.43$0.41$0.60$0.19
2015Detailed filing. Detailed filing data is available for this year.$0.75$0.03$0.72$0.27$0.36$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.83$0.02$0.81$0.13$0.18$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$1.30$0.71$0.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.00$0.29$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.00$0.05$0.10