Civic Intelligence

Read 718 Inc

990 • Fiscal year 2021 • EIN 46-4080472

Aug 01, 2020 to Jul 31, 2021 • Filed on Jun 13, 2022

Organization ProfileREAD718.ORG
420 Atlantic AvenueBrooklyn, NY 11217

(718) 576-3228

Siviq Scores

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

Liabilities / Assets

64th percentile

0.08x

Higher debt load relative to assets than 64% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

69th percentile

0.11x

Higher debt load relative to revenue than 69% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Source year 2021

Net Margin

59th percentile

20%

Higher net margin than 59% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

73rd percentile

$56,923

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 11.0% of source-year revenue.

2021 filings • NTEE B • $500k-$1M nonprofits • Source year 2021

Asset Growth

76th percentile

33%

Faster asset growth than 76% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

71st percentile

37%

Faster revenue growth than 71% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$674,221

Up $168,039 (+33%) from 2020

Net Assets

Up

$617,993

Up $154,856 (+33%) from 2020

Liabilities

Up

$56,228

Up $13,183 (+31%) from 2020

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin59th percentile

Revenue

Up

$515,252

Up $139,441 (+37%) from 2020

Expenses

Up

$412,945

Up $92,128 (+29%) from 2020

Net Income

Up

$102,307

Up $47,313 (+86%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$1.0M$500K$0Assets 2015: $247,774Liabilities 2015: $0Net Assets 2015: $247,7742015Assets 2016: $262,558Net Assets 2016: $262,5582016Assets 2017: $313,154Net Assets 2017: $313,1542017Assets 2018: $351,273Liabilities 2018: $0Net Assets 2018: $351,2732018Assets 2019: $408,143Liabilities 2019: $0Net Assets 2019: $408,1432019Assets 2020: $506,182Liabilities 2020: $43,045Net Assets 2020: $463,1372020Assets 2021: $674,221Liabilities 2021: $56,228Net Assets 2021: $617,9932021Assets 2022: $774,569Liabilities 2022: $8,373Net Assets 2022: $766,1962022Assets 2023: $827,534Liabilities 2023: $12,647Net Assets 2023: $814,8872023Assets 2024: $905,321Liabilities 2024: $6,954Net Assets 2024: $898,3672024

Highlighted filing

2021

Assets$674,221
Liabilities$56,228
Net Assets$617,993
Open 2021 Filing

Operations Trend

Revenue Growth71st percentile

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

$1.0M$500K$0Revenue 2015: $289,554Expenses 2015: $37,726Net Income 2015: $251,8282015Revenue 2016: $91,867Expenses 2016: $77,083Net Income 2016: $14,7842016Revenue 2017: $163,239Expenses 2017: $112,643Net Income 2017: $50,5962017Revenue 2018: $220,695Expenses 2018: $182,576Net Income 2018: $38,1192018Revenue 2019: $279,609Expenses 2019: $247,714Net Income 2019: $31,8952019Revenue 2020: $375,811Expenses 2020: $320,817Net Income 2020: $54,9942020Revenue 2021: $515,252Expenses 2021: $412,945Net Income 2021: $102,3072021Revenue 2022: $708,000Expenses 2022: $559,797Net Income 2022: $148,2032022Revenue 2023: $744,534Expenses 2023: $695,843Net Income 2023: $48,6912023Revenue 2024: $912,681Expenses 2024: $829,201Net Income 2024: $83,4802024

Highlighted filing

2021

Revenue$515,252
Expenses$412,945
Net Income$102,307
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Jun 13, 2022
Return Version
2020v4.2
Gross Receipts
$515,252
Mission and Program Overview

Mission

Read 718 offers free or low cost individualized reading instruction, literacy tutoring, and mentorship to low-income students in grades four through eight located in Brooklyn.

Read 718 offers free or low cost individualized reading instruction, literacy tutoring, and mentorship to students from low-income families in grades one through eight located in brooklyn.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$400,903$528,676▲ $127,773
Land, Buildings, and Equipment, Net$87,650$76,700▼ $10,950
Savings and Temporary Cash Investments-$31,529-
Pledges and Grants Receivable$17,629$25,000▲ $7,371
Prepaid Expenses and Deferred Charges-$12,316-
Total Assets$506,182$674,221▲ $168,039
Liabilities
Unsecured Notes Loans Payable$43,045$47,197▲ $4,152
Accounts Payable and Accrued Expenses-$9,031-
Total Liabilities$43,045$56,228▲ $13,183
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$463,137$567,993▲ $104,856
Net Assets With Donor Restrictions-$50,000-
Total Net Assets Fund Balance$463,137$617,993▲ $154,856
Total Liabilities and Net Assets / Fund Balance$506,182$674,221▲ $168,039

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$76,316$78,100$154,416
Equipment$168$5,705$5,873
Other Land Buildings$216$2,061$2,277
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Emily KirvenPresidentFT$56,923$56,923

Board Members and Trustees

NameTitle
Rai-tonicia KingChair
Chatisha HostenDirector
Francesca AltemaDirector
Gianna ScorsoneDirector
Keith BrooksDirector
Mattijs LimbergerDirector
Michael KirvenDirector
Nadina J RosierDirector
Sharon WurtzelDirector
Tamia B SantanaDirector
Tammie Carr MullaneyDirector
Erin TexeiraSecretary
Tad SennottTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$507,279
Program Service Revenue
$7,973
Investment Income
$0
Other Revenue
$0
All Other Contributions
$456,641
Change in Net Assets
$102,307

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$31,529Fair Market Value
Total Noncash Contributions1$31,529-

Audited Revenue Reconciliation

Revenue per Audited Statements
$515,252
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$515,252
Total Revenue per Form 990
$515,252
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$298,358
Other Expenses$108,643
Total Fundraising Expense$78,952
Professional Fundraising Fees$5,944
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$81,543$14,308$10,632$106,483
Payroll Taxes$49,080$10,255$13,918$73,253
Current Officers, Directors, Trustees, and Key Employees$31,750$9,525$22,225$63,500
Other Employee Benefits$37,527$7,682$9,913$55,122
Occupancy$16,080$3,360$4,560$24,000
Fees for Services Other$4,165$7,777$5,610$17,552
Office Expenses$9,915$2,072$2,812$14,799
Depreciation Depletion$7,518$1,571$2,132$11,221
Fees for Services Professional Fundraising--$5,944$5,944
Insurance$3,574$747$1,014$5,335
Information Technology-$3,930-$3,930
Fees for Services Accounting-$3,084-$3,084
Travel$2,629--$2,629
Other Expenses$676$141$192$1,009
Advertising$690--$690
Total Functional Expenses$251,912$82,081$78,952$412,945

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$412,945
Total Expenses per Audited Statements$412,945
Total Expenses per Form 990$412,945
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$5,944
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Michael KirvenBoard MemberOffice LeaseNo$24,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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 A, Line 2

“Emily kirven and michael kirven - family relationship”

Form 990, Part VI, Section B, Line 11B

“The form 990 is reviewed by the president and coo, and is provided to all members of the board of directors prior to filling.”

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

“The organization has a conflict of interest policy with respect to members of the board of directors and principal officers, covering any transaction between these related persons and the organization. Any of these related persons has a duty to disclose any such transaction. The policy provides for disclosure to the board of directors by the related person of his or her interest in the transaction, and having the interested director abstain from any deliberations, discussions or vote taken by the board on the transaction. The board of directors will decide whether a conflict of interest exists, and whether to enter into the proposed transaction. On an annual basis, each director and principal officer shall sign a statement which affirms such person has received a copy of this policy, has read and understands the policy, and has agreed to comply with the policy, and understands that the corporation is subject to certain federal and state laws governing transactions between the corporation and certain individuals and entities and that the corporation must engage exclusively in activities that accomplish a charitable purpose.”

Form 990, Part VI, Section B, Line 15

“The organization uses comparability data from the nonprofit new york annual compensation report for nonprofits with respect to determining compensation of its president and coo. Compensation for those individuals is approved by the finance committee, and the board of directors.”

Form 990, Part VI, Section C, Line 19

“Governing documents, policies, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Read 718 Inc
EIN
46-4080472
Phone
7185763228
Address
420 ATLANTIC AVENUE, BROOKLYN, NY 11217

Signing Officer

Name
Emily Kirven
Title
President
Phone
7185763228
Signed
2022-06-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Emily Kirven
Formed
2013
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
5
Volunteers
108

Preparer

Firm
Lutz and Carr Cpas Llp
Address
551 FIFTH AVENUE SUITE 400, NEW YORK, NY 10176
Preparer
Frederick Martens
Phone
2126972299
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IRS990/NetAssetsOrFundBalancesBOYAmt0463137
IRS990/NetAssetsOrFundBalancesEOYAmt0617993
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0463137
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0567993
IRS990/NoncashContributionsAmt031529
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt04560
IRS990/OccupancyGrp/ManagementAndGeneralAmt03360
IRS990/OccupancyGrp/ProgramServicesAmt016080
IRS990/OccupancyGrp/TotalAmt024000
IRS990/OfficeExpensesGrp/FundraisingAmt02812
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02072
IRS990/OfficeExpensesGrp/ProgramServicesAmt09915
IRS990/OfficeExpensesGrp/TotalAmt014799
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt09913
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07682
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt037527
IRS990/OtherEmployeeBenefitsGrp/TotalAmt055122
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc1PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt0192
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt017629
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1141
IRS990/OtherExpensesGrp/ProgramServicesAmt06765
IRS990/OtherExpensesGrp/ProgramServicesAmt1676
IRS990/OtherExpensesGrp/TotalAmt017629
IRS990/OtherExpensesGrp/TotalAmt16765
IRS990/OtherExpensesGrp/TotalAmt21009
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt010632
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt014308
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt081543
IRS990/OtherSalariesAndWagesGrp/TotalAmt0106483
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt013918
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010255
IRS990/PayrollTaxesGrp/ProgramServicesAmt049080
IRS990/PayrollTaxesGrp/TotalAmt073253
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt017629
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt025000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012316
IRS990/PrincipalOfficerNm0EMILY KIRVEN
IRS990/PriorPeriodAdjustmentsAmt052549
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07973
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07973
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0374361
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03
IRS990/PYOtherExpensesAmt092604
IRS990/PYOtherRevenueAmt0-3911
IRS990/PYProgramServiceRevenueAmt05358
IRS990/PYRevenuesLessExpensesAmt054994
IRS990/PYSalariesCompEmpBnftPaidAmt0228213
IRS990/PYTotalExpensesAmt0320817
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0375811
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0102307
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07973
IRS990/SavingsAndTempCashInvstGrp/EOYAmt031529
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0507279
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0429361
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0272873
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0238270
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0158003
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01605786
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt035
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt038
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt030756
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.76580
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt01229790
IRS990ScheduleA/SubstantialContributorsTotAmt0375996
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0507279
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0429361
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0272873
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0238270
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0158003
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01605786
IRS990ScheduleA/TotalSupportAmt01605824
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0168
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05705
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05873
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0412945
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt076316
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt078100
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0154416
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0216
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02061
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02277
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0515252
IRS990ScheduleD/TotalBookValueLandBuildingsAmt076700
IRS990ScheduleD/TotalExpensesPerForm990Amt0412945
IRS990ScheduleD/TotalRevenuePerForm990Amt0515252
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0515252
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0412945
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0MICHAEL KIRVEN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt024000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0OFFICE LEASE
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt031529
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EMILY KIRVEN AND MICHAEL KIRVEN - FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE PRESIDENT AND COO, AND IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO FILLING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY WITH RESPECT TO MEMBERS OF THE BOARD OF DIRECTORS AND PRINCIPAL OFFICERS, COVERING ANY TRANSACTION BETWEEN THESE RELATED PERSONS AND THE ORGANIZATION. ANY OF THESE RELATED PERSONS HAS A DUTY TO DISCLOSE ANY SUCH TRANSACTION. THE POLICY PROVIDES FOR DISCLOSURE TO THE BOARD OF DIRECTORS BY THE RELATED PERSON OF HIS OR HER INTEREST IN THE TRANSACTION, AND HAVING THE INTERESTED DIRECTOR ABSTAIN FROM ANY DELIBERATIONS, DISCUSSIONS OR VOTE TAKEN BY THE BOARD ON THE TRANSACTION. THE BOARD OF DIRECTORS WILL DECIDE WHETHER A CONFLICT OF INTEREST EXISTS, AND WHETHER TO ENTER INTO THE PROPOSED TRANSACTION. ON AN ANNUAL BASIS, EACH DIRECTOR AND PRINCIPAL OFFICER SHALL SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THIS POLICY, HAS READ AND UNDERSTANDS THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THAT THE CORPORATION IS SUBJECT TO CERTAIN FEDERAL AND STATE LAWS GOVERNING TRANSACTIONS BETWEEN THE CORPORATION AND CERTAIN INDIVIDUALS AND ENTITIES AND THAT THE CORPORATION MUST ENGAGE EXCLUSIVELY IN ACTIVITIES THAT ACCOMPLISH A CHARITABLE PURPOSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION USES COMPARABILITY DATA FROM THE NONPROFIT NEW YORK ANNUAL COMPENSATION REPORT FOR NONPROFITS WITH RESPECT TO DETERMINING COMPENSATION OF ITS PRESIDENT AND COO. COMPENSATION FOR THOSE INDIVIDUALS IS APPROVED BY THE FINANCE COMMITTEE, AND THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0506182
IRS990/TotalAssetsEOYAmt0674221

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$674,221
Liabilities
$56,228
Net assets
$617,993
Revenue
$515,252
Expenses
$412,945
Net income
$102,307
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.05$0.07$8.98$9.13$8.29$0.83
2023Detailed filing. Detailed filing data is available for this year.$8.28$0.13$8.15$7.45$6.96$0.49
2022Detailed filing. Detailed filing data is available for this year.$7.75$0.08$7.66$7.08$5.60$1.48
2021Detailed filing. Detailed filing data is available for this year.$6.74$0.56$6.18$5.15$4.13$1.02
2020Detailed filing. Detailed filing data is available for this year.$5.06$0.43$4.63$3.76$3.21$0.55
2019Detailed filing. Detailed filing data is available for this year.$4.08$0.00$4.08$2.80$2.48$0.32
2018Detailed filing. Detailed filing data is available for this year.$3.51$0.00$3.51$2.21$1.83$0.38
2017Detailed filing. Detailed filing data is available for this year.$3.13$3.13$1.63$1.13$0.51
2016Detailed filing. Detailed filing data is available for this year.$2.63$2.63$0.92$0.77$0.15
2015Detailed filing. Detailed filing data is available for this year.$2.48$0.00$2.48$2.90$0.38$2.52