Civic Intelligence

Read 718 Inc

990 • Fiscal year 2022 • EIN 46-4080472

Aug 01, 2021 to Jul 31, 2022 • Filed on Apr 18, 2023

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

50th percentile

0.01x

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

2022 filings • NTEE B • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

46th percentile

0.01x

Higher debt load relative to revenue than 46% of similar nonprofits.

2022 filings • NTEE B • $500k-$1M nonprofits • Source year 2022

Net Margin

69th percentile

21%

Higher net margin than 69% of similar nonprofits.

2022 filings • NTEE B • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

78th percentile

$66,677

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 9.4% of source-year revenue.

2022 filings • NTEE B • $500k-$1M nonprofits • Source year 2022

Asset Growth

66th percentile

15%

Faster asset growth than 66% of similar nonprofits.

2022 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

67th percentile

37%

Faster revenue growth than 67% of similar nonprofits.

2022 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$774,569

Up $100,348 (+15%) from 2021

Net Assets

Up

$766,196

Up $148,203 (+24%) from 2021

Liabilities

Down

$8,373

Down $47,855 (-85%) from 2021

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin69th percentile

Revenue

Up

$708,000

Up $192,748 (+37%) from 2021

Expenses

Up

$559,797

Up $146,852 (+36%) from 2021

Net Income

Up

$148,203

Up $45,896 (+45%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth66th 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

2022

Assets$774,569
Liabilities$8,373
Net Assets$766,196
Open 2022 Filing

Operations Trend

Revenue Growth67th 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

2022

Revenue$708,000
Expenses$559,797
Net Income$148,203
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2021 to Jul 31, 2022
Signed
Apr 18, 2023
Return Version
2021v4.2
Gross Receipts
$722,552
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 provides free or very low cost one-to-one literacy instruction to students from low-income families in grades 1-8 in brooklyn

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$528,676$626,189▲ $97,513
Land, Buildings, and Equipment, Net$76,700$75,792▼ $908
Savings and Temporary Cash Investments$31,529$43,556▲ $12,027
Pledges and Grants Receivable$25,000$20,000▼ $5,000
Prepaid Expenses and Deferred Charges$12,316$9,032▼ $3,284
Total Assets$674,221$774,569▲ $100,348
Liabilities
Unsecured Notes Loans Payable$47,197--
Accounts Payable and Accrued Expenses$9,031$8,373▼ $658
Total Liabilities$56,228$8,373▼ $47,855
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$567,993$766,196▲ $198,203
Net Assets With Donor Restrictions$50,000$0▼ $50,000
Total Net Assets Fund Balance$617,993$766,196▲ $148,203
Total Liabilities and Net Assets / Fund Balance$674,221$774,569▲ $100,348

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$66,022$88,394$154,416
Other Land Buildings$8,738$7,009$15,747
Equipment$1,032$2,332$3,364
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Emily KirvenExecutive DirectorFT$60,677$6,000$66,677

Board Members and Trustees

NameTitle
Rai-tonicia KingChair
Gianna ScorsoneVice-chair
Allison Oakes as of Sep 2021Director
Chatisha HostenDirector
David Herbstman as of Sep 2021Director
Francesca AltemaDirector
Keith BrooksDirector
Mattijs LimbergerDirector
Nadina J Rosier to May 2021Director
Tad SennottDirector
Tamara Carr MullaneyDirector
Tamia B SantanaDirector
Erin TexeiraSecretary
Kim BourneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$698,756
Program Service Revenue
$7,627
Investment Income
$0
Other Revenue
$1,617
All Other Contributions
$570,144
Change in Net Assets
$148,203
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$401,342
Other Expenses$148,915
Total Fundraising Expense$112,947
Professional Fundraising Fees$9,540
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$191,134$57,224$29,328$277,686
Current Officers, Directors, Trustees, and Key Employees$35,905$17,952$17,952$71,809
Fees for Services Other$7,653$1,387$40,226$49,266
Office Expenses$19,072$6,245$3,851$29,168
Other Employee Benefits$19,877$5,681$2,583$28,141
Occupancy$15,692$5,139$3,169$24,000
Payroll Taxes$15,500$5,076$3,130$23,706
Depreciation Depletion$7,761$2,541$1,567$11,869
Insurance$6,925$2,268$1,398$10,591
Fees for Services Professional Fundraising--$9,540$9,540
Information Technology-$8,235-$8,235
Fees for Services Accounting-$6,205-$6,205
Other Expenses$1,008$330$203$1,541
Travel$962--$962
Advertising$494--$494
Total Functional Expenses$328,567$118,283$112,947$559,797
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$14,552
Fundraising Gross Income$14,552
Professional Fundraising Fees$9,540

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Event$95,967$14,552-$14,552
Total Events$95,967$14,552$14,552$0
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 Member Through May 2020, Married to Executive DirectorOffice 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 B, Line 11B

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

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 executive director 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
Executive Director
Phone
7185763228
Signed
2023-04-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Emily Kirven
Formed
2013
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
13
Employees
7
Volunteers
226

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/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0READ 718 PROVIDES INDIVIDUALIZED AND SMALL GROUP LITERACY INSTRUCTION TO CHILDREN IN GRADES 1-8 FROM LOW-INCOME HOUSEHOLDS IN BROOKLYN. SERVICES ARE PROVIDED IN OUR TWO LITERACY CENTERS AS WELL AS REMOTELY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0617993
IRS990/NetAssetsOrFundBalancesEOYAmt0766196
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0766196
IRS990/NoncashContributionsAmt016641
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt03169
IRS990/OccupancyGrp/ManagementAndGeneralAmt05139
IRS990/OccupancyGrp/ProgramServicesAmt015692
IRS990/OccupancyGrp/TotalAmt024000
IRS990/OfficeExpensesGrp/FundraisingAmt03851
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06245
IRS990/OfficeExpensesGrp/ProgramServicesAmt019072
IRS990/OfficeExpensesGrp/TotalAmt029168
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02583
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05681
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt019877
IRS990/OtherEmployeeBenefitsGrp/TotalAmt028141
IRS990/OtherExpensesGrp/Desc0PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt0203
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0330
IRS990/OtherExpensesGrp/ProgramServicesAmt06584
IRS990/OtherExpensesGrp/ProgramServicesAmt11008
IRS990/OtherExpensesGrp/TotalAmt06584
IRS990/OtherExpensesGrp/TotalAmt11541
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt01617
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01617
IRS990/OtherRevenueTotalAmt01617
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt029328
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt057224
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0191134
IRS990/OtherSalariesAndWagesGrp/TotalAmt0277686
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03130
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05076
IRS990/PayrollTaxesGrp/ProgramServicesAmt015500
IRS990/PayrollTaxesGrp/TotalAmt023706
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt025000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt020000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012316
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09032
IRS990/PrincipalOfficerNm0EMILY KIRVEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07627
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07627
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0507279
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0108643
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt07973
IRS990/PYRevenuesLessExpensesAmt0102307
IRS990/PYSalariesCompEmpBnftPaidAmt0298358
IRS990/PYTotalExpensesAmt0412945
IRS990/PYTotalProfFndrsngExpnsAmt05944
IRS990/PYTotalRevenueAmt0515252
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0148203
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07627
IRS990/SavingsAndTempCashInvstGrp/BOYAmt031529
IRS990/SavingsAndTempCashInvstGrp/EOYAmt043556
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0698756
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0507279
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0429361
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0272873
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0238270
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02146539
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt035
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt038
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt033147
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01617
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01617
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.77860
IRS990ScheduleA/PublicSupportPY170Pct00.76580
IRS990ScheduleA/PublicSupportTotal170Amt01672603
IRS990ScheduleA/SubstantialContributorsTotAmt0473936
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0698756
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0507279
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0429361
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0272873
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0238270
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02146539
IRS990ScheduleA/TotalSupportAmt02148194
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/BookValueAmt01032
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02332
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03364
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt066022
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt088394
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0154416
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08738
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07009
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt015747
IRS990ScheduleD/TotalBookValueLandBuildingsAmt075792
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt081415
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt081415
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt014552
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISING EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt014552
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt014552
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt095967
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt095967
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt014552
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt014552
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0MICHAEL KIRVEN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER THROUGH MAY 2020, MARRIED TO EXECUTIVE DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt024000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0OFFICE LEASE
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND COO, AND IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2THE ORGANIZATION USES COMPARABILITY DATA FROM THE NONPROFIT NEW YORK ANNUAL COMPENSATION REPORT FOR NONPROFITS WITH RESPECT TO DETERMINING COMPENSATION OF ITS EXECUTIVE DIRECTOR AND COO. COMPENSATION FOR THOSE INDIVIDUALS IS APPROVED BY THE FINANCE COMMITTEE, AND THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE 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 B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$774,569
Liabilities
$8,373
Net assets
$766,196
Revenue
$708,000
Expenses
$559,797
Net income
$148,203
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