Civic Intelligence

Hope Through Education - a Fund for Better Futures Inc.

990 • Fiscal year 2019 • EIN 82-5117718

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 14, 2020

Organization ProfileN/A
146 Metlars LanePiscataway, NJ 08854

(732) 529-4117

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

22nd percentile

0.00x

Higher debt load relative to revenue than 22% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Source year 2019

Net Margin

51st percentile

3.6%

Higher net margin than 51% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

84th percentile

$79,063

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2019 filings • NTEE A • $500k-$1M nonprofits • Source year 2019

Asset Growth

82nd percentile

28%

Faster asset growth than 82% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

98th percentile

484%

Faster revenue growth than 98% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$141,683

Up $30,862 (+28%) from 2018

Net Assets

Up

$140,874

Up $32,035 (+29%) from 2018

Liabilities

Down

$809

Down $1,173 (-59%) from 2018

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin51st percentile

Revenue

Up

$890,778

Up $738,318 (+484%) from 2018

Expenses

Up

$858,743

Up $815,122 (+1869%) from 2018

Net Income

Down

$32,035

Down $76,804 (-71%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

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

$400K$300K$200K$100K$0Assets 2018: $110,821Liabilities 2018: $1,982Net Assets 2018: $108,8392018Assets 2019: $141,683Liabilities 2019: $809Net Assets 2019: $140,8742019Assets 2020: $93,943Liabilities 2020: $1,673Net Assets 2020: $92,2702020Assets 2021: $178,385Liabilities 2021: $5,962Net Assets 2021: $172,4232021Assets 2022: $338,037Liabilities 2022: $14,755Net Assets 2022: $323,2822022Assets 2023: $234,854Liabilities 2023: $41,707Net Assets 2023: $193,1472023Assets 2024: $399,477Liabilities 2024: $141,246Net Assets 2024: $258,2312024

Highlighted filing

2019

Assets$141,683
Liabilities$809
Net Assets$140,874
Open 2019 Filing

Operations Trend

Revenue Growth98th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2018: $152,460Expenses 2018: $43,621Net Income 2018: $108,8392018Revenue 2019: $890,778Expenses 2019: $858,743Net Income 2019: $32,0352019Revenue 2020: $914,744Expenses 2020: $963,348Net Income 2020: -$48,6042020Revenue 2021: $999,690Expenses 2021: $919,537Net Income 2021: $80,1532021Revenue 2022: $1,106,699Expenses 2022: $953,340Net Income 2022: $153,3592022Revenue 2023: $1,136,136Expenses 2023: $1,266,271Net Income 2023: -$130,1352023Revenue 2024: $1,441,150Expenses 2024: $1,376,066Net Income 2024: $65,0842024

Highlighted filing

2019

Revenue$890,778
Expenses$858,743
Net Income$32,035
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 14, 2020
Return Version
2019v5.1
Gross Receipts
$911,073
Mission and Program Overview

Mission

The organization's mission is to enable children of low-income families to acquire a quality, values-based education. The organization achieves its mission by providing scholarships to deserving families in hunterdon, middlesex, somerset and warren counties in new jersey.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$98,103$130,553▲ $32,450
Accounts Receivable$10,950$10,000▼ $950
Land, Buildings, and Equipment, Net$1,768$1,130▼ $638
Total Assets$110,821$141,683▲ $30,862
Liabilities
Accounts Payable and Accrued Expenses$1,982$809▼ $1,173
Total Liabilities$1,982$809▼ $1,173
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$77,975$130,874▲ $52,899
Net Assets With Donor Restrictions$30,864$10,000▼ $20,864
Total Net Assets Fund Balance$108,839$140,874▲ $32,035
Total Liabilities and Net Assets / Fund Balance$110,821$141,683▲ $30,862

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,130$784$1,914
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tamara HemingwayExecutive DirectorFT$75,000$4,063$79,063

Board Members and Trustees

NameTitle
Rick ZiwotPresident
Christopher HowleyTrustee
Donna ShammoTrustee
Ellen AyoubTrustee
Eugene CordanoTrustee
Francis J MountTrustee
Gloria LagrassaTrustee
Gregory AroneoTrustee
Katharine LawrenceTrustee
Kathryn LuppinoTrustee
Terry ConleyTrustee
Thomas LawrenceTrustee
Philip P Crowley EsqSecretary
Fran ShammoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$894,773
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-3,995
All Other Contributions
$840,193
Change in Net Assets
$32,035

Audited Revenue Reconciliation

Revenue per Audited Statements
$911,073
Revenue Not Reported on Financial Statements
$-20,295
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-20,295
Total Revenue per Audited Statements
$911,073
Total Revenue per Form 990
$890,778
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$741,053
Salaries, Compensation, and Employee Benefits$86,947
Total Fundraising Expense$43,033
Other Expenses$30,743
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$741,053--$741,053
Current Officers, Directors, Trustees, and Key Employees$19,766$26,091$33,206$79,063
Fees for Services Accounting-$7,520-$7,520
Payroll Taxes$1,747$2,305$2,934$6,986
Office Expenses-$6,947-$6,947
Advertising--$4,739$4,739
Fees for Services Other-$1,673$1,776$3,449
Occupancy-$3,000-$3,000
Insurance-$1,074-$1,074
Depreciation Depletion-$638-$638
Other Salaries and Wages$113$149$190$452
Other Employee Benefits$111$147$188$446
Other Expenses$0$371$0$371
Total Functional Expenses$762,790$52,920$43,033$858,743

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$879,038
Expenses per Audited Statements$858,743
Total Expenses per Form 990$858,743
Expenses Not Reported on Form 990$20,295
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$20,295
Fundraising Gross Income$16,300
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fall Social$52,760$16,030$761$15,269
Clay Shooting$18,120$270$108$162
Total Events$70,880$16,300$20,295$-3,995
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
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 A, Line 2

“Francis shammo and donna shammo are spouses. Thomas lawrence and katharine lawrence are spouses.”

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

“The form 990 is provided to the organization's governing body. They review the form 990 and if there are any questions or concerns they are presented to the executive director. The executive director will review the questions or concerns and if there is action to take, speak with the auditors to resolve the questions or concerns.”

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

“All potential conflicts are handled in accordance with the policy as stated in article iv of the conflict of interest policy.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public at our office, 146 metlars lane, piscataway, nj, during regular business hours.”

Filing and Contact Details

Filer

Filer Name
Hope Through Education -
EIN
82-5117718
Phone
7325294117
Address
146 METLARS LANE, PISCATAWAY, NJ 08854

Signing Officer

Name
Francis Shammo
Title
Treasurer
Phone
7325294117
Signed
2020-04-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Francis Shammo
Formed
2018
Legal Domicile
Nj
Voting Board Members
14
Independent Board Members
14
Employees
2
Volunteers
2

Preparer

Firm
SOBEL & CO LLC CPA'S
Address
293 EISENHOWER PARKWAY, LIVINGSTON, NJ 07039-1711
Preparer
Bridget Hartnett
Phone
9739949494
Supplemental Narrative

Additional Explanations

FORM 990, PART XII,LINE 2C:

“The oversight process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The organization is a nonprofit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code and, accordingly, is not liable for federal and state income taxes. The organization follows accounting standards that provide clarification on accounting for uncertainty in income taxes recognized in the organization's financial statements. The guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken, or expected to be taken, in a tax return, and also provides guidance on derecognition, classification, interest and penalties, disclosure and transition. The organization's policy is to recognize interest and penalties on unrecognized tax benefits in income tax expense. No interest and penalties were recorded during the year ended december 31, 2019 and during the period from inception june 26, 2018 to december 31, 2018. At december 31, 2019 and during the period from inception june 26, 2018 to december 31, 2018, there are no significant income tax uncertainties.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Special event expenses -20,295.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses 20,295.”

Raw XML AppendixShowing 400 of 479 raw XML fields

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

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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION'S MISSION IS TO ENABLE CHILDREN OF LOW-INCOME FAMILIES TO ACQUIRE A QUALITY, VALUES-BASED EDUCATION. THE ORGANIZATION ACHIEVES ITS MISSION BY PROVIDING SCHOLARSHIPS TO DESERVING FAMILIES IN HUNTERDON, MIDDLESEX, SOMERSET AND WARREN COUNTIES IN NEW JERSEY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0108839
IRS990/NetAssetsOrFundBalancesEOYAmt0140874
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-3995
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-3995
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt077975
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0130874
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt03000
IRS990/OccupancyGrp/TotalAmt03000
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06947
IRS990/OfficeExpensesGrp/TotalAmt06947
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0188
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0147
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0111
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0446
IRS990/OtherExpensesGrp/Desc0TELEPHONE
IRS990/OtherExpensesGrp/Desc1OTHER COSTS & FEES
IRS990/OtherExpensesGrp/Desc2REGISTRATION FEES
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01959
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11046
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2371
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/TotalAmt01959
IRS990/OtherExpensesGrp/TotalAmt11046
IRS990/OtherExpensesGrp/TotalAmt2371
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0190
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0149
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0113
IRS990/OtherSalariesAndWagesGrp/TotalAmt0452
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02934
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02305
IRS990/PayrollTaxesGrp/ProgramServicesAmt01747
IRS990/PayrollTaxesGrp/TotalAmt06986
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0FRANCIS SHAMMO
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0150467
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt08698
IRS990/PYOtherRevenueAmt01993
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0108839
IRS990/PYSalariesCompEmpBnftPaidAmt032955
IRS990/PYTotalExpensesAmt043621
IRS990/PYTotalProfFndrsngExpnsAmt01968
IRS990/PYTotalRevenueAmt0152460
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt032035
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0894773
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0155917
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01050690
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01050690
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0894773
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0155917
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01050690
IRS990ScheduleA/TotalSupportAmt01050690
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/BookValueAmt01130
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0784
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01914
IRS990ScheduleD/ExpensesNotReportedAmt020295
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0858743
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt020295
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-20295
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-20295
IRS990ScheduleD/RevenueSubtotalAmt0911073
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS NOT LIABLE FOR FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION FOLLOWS ACCOUNTING STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN, OR EXPECTED TO BE TAKEN, IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING THE YEAR ENDED DECEMBER 31, 2019 AND DURING THE PERIOD FROM INCEPTION JUNE 26, 2018 TO DECEMBER 31, 2018. AT DECEMBER 31, 2019 AND DURING THE PERIOD FROM INCEPTION JUNE 26, 2018 TO DECEMBER 31, 2018, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXPENSES -20,295.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSES 20,295.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01130
IRS990ScheduleD/TotalExpensesPerForm990Amt0858743
IRS990ScheduleD/TotalRevenuePerForm990Amt0890778
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0911073
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0879038
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt054580
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt036730
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt017850
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt020295
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FALL SOCIAL
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0CLAY SHOOTING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt052760
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt018120
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt070880
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt016030
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0270
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt016300
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-3995
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0869
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0761
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0108
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt015538
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt03888
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt019426
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0741053
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0460
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0CHILDREN WHO RECIEVE SCHOLARSHIPS THROUGH THE ORGANIZATION MUST MEET CERTAIN ELIGIBILITY REQUIREMENTS AND BE ENROLLED IN A PAROCHIAL OR PRIVATE SCHOOL. THE ORGANIZATION SENDS A VERIFICATION REPORT THAT LISTS THE STUDENTS WHO WILL RECEIVE A SCHOLARSHIP AND AMOUNT TO GIVE PAID ON BEHALF OF EACH STUDENT. THE SCHOOLS MUST VERIFY THAT THE STUDENTS ARE ENROLLED IN THE SCHOOL BEFORE FUNDS ARE SENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FRANCIS SHAMMO AND DONNA SHAMMO ARE SPOUSES. THOMAS LAWRENCE AND KATHARINE LAWRENCE ARE SPOUSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY. THEY REVIEW THE FORM 990 AND IF THERE ARE ANY QUESTIONS OR CONCERNS THEY ARE PRESENTED TO THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR WILL REVIEW THE QUESTIONS OR CONCERNS AND IF THERE IS ACTION TO TAKE, SPEAK WITH THE AUDITORS TO RESOLVE THE QUESTIONS OR CONCERNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL POTENTIAL CONFLICTS ARE HANDLED IN ACCORDANCE WITH THE POLICY AS STATED IN ARTICLE IV OF THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AT OUR OFFICE, 146 METLARS LANE, PISCATAWAY, NJ, DURING REGULAR BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII,LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$141,683
Liabilities
$809
Net assets
$140,874
Revenue
$890,778
Expenses
$858,743
Net income
$32,035
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.40$0.14$0.26$1.44$1.38$0.07
2023Detailed filing. Detailed filing data is available for this year.$0.23$0.04$0.19$1.14$1.27$0.13
2022Detailed filing. Detailed filing data is available for this year.$0.34$0.01$0.32$1.11$0.95$0.15
2021Detailed filing. Detailed filing data is available for this year.$0.18$0.01$0.17$1.00$0.92$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$0.91$0.96$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.89$0.86$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.15$0.04$0.11