Civic Intelligence

Hope Through Education - a Fund for Better Futures Inc.

990 • Fiscal year 2021 • EIN 82-5117718

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 22, 2022

Organization ProfileWWW.HOPETHROUGHEDUCATIONUSA.ORG
One Pluckemin Way Suite 201Bedminster, NJ 07921

(732) 529-4117

Siviq Scores

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

Liabilities / Assets

45th percentile

0.03x

Higher debt load relative to assets than 45% of similar nonprofits.

2021 filings • NTEE A • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

21st percentile

0.01x

Higher debt load relative to revenue than 21% of similar nonprofits.

2021 filings • NTEE A • $1M-$5M nonprofits • Source year 2021

Net Margin

35th percentile

8.0%

Higher net margin than 35% of similar nonprofits.

2021 filings • NTEE A • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

73rd percentile

$93,212

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

2021 filings • NTEE A • $1M-$5M nonprofits • Source year 2021

Asset Growth

90th percentile

90%

Faster asset growth than 90% of similar nonprofits.

2021 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

44th percentile

9.3%

Faster revenue growth than 44% of similar nonprofits.

2021 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$178,385

Up $84,442 (+90%) from 2020

Net Assets

Up

$172,423

Up $80,153 (+87%) from 2020

Liabilities

Up

$5,962

Up $4,289 (+256%) from 2020

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin35th percentile

Revenue

Up

$999,690

Up $84,946 (+9.3%) from 2020

Expenses

Down

$919,537

Down $43,811 (-4.5%) from 2020

Net Income

Up

$80,153

Up $128,757 (+265%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth90th 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

2021

Assets$178,385
Liabilities$5,962
Net Assets$172,423
Open 2021 Filing

Operations Trend

Revenue Growth44th 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

2021

Revenue$999,690
Expenses$919,537
Net Income$80,153
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 22, 2022
Return Version
2021v4.2
Gross Receipts
$1,093,734
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$71,100$85,572▲ $14,472
Savings and Temporary Cash Investments$6,475$70,043▲ $63,568
Accounts Receivable$15,431$22,550▲ $7,119
Land, Buildings, and Equipment, Net$937$220▼ $717
Total Assets$93,943$178,385▲ $84,442
Liabilities
Accounts Payable and Accrued Expenses$1,673$5,962▲ $4,289
Total Liabilities$1,673$5,962▲ $4,289
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$92,270$148,173▲ $55,903
Net Assets With Donor Restrictions-$24,250-
Total Net Assets Fund Balance$92,270$172,423▲ $80,153
Total Liabilities and Net Assets / Fund Balance$93,943$178,385▲ $84,442

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$220$2,353$2,573
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Suzanne HumbertPresidentFT$93,212$93,212
Gregory AroneoSecretary-$4,000$4,000

Board Members and Trustees

NameTitle
Fredrick ZiwotChairman
Christopher HowleyTrustee
Donna ShammoTrustee
Ellen AyoubTrustee
Eugene CordanoTrustee
Gloria LagrassaTrustee
Julia JacobsonTrustee
Louis Tambaro EsqTrustee
Terry ConleyTrustee
Tom TrueTrustee
Fran ShammoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$987,204
Program Service Revenue
$0
Investment Income
$36
Other Revenue
$12,450
All Other Contributions
$834,114
Change in Net Assets
$80,153

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,093,734
Revenue Not Reported on Financial Statements
$-94,044
Revenue Not Reported on Form 990
$6,216
Other Revenue Adjustments
$-94,044
Total Revenue per Audited Statements
$1,099,950
Total Revenue per Form 990
$999,690
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$716,286
Salaries, Compensation, and Employee Benefits$154,982
Total Fundraising Expense$83,624
Other Expenses$48,269
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$716,286--$716,286
Current Officers, Directors, Trustees, and Key Employees$22,227$34,307$44,454$100,988
Other Salaries and Wages$8,070$13,601$16,139$37,810
Fees for Services Accounting-$18,280-$18,280
Payroll Taxes$4,230$1,410$8,460$14,100
Fees for Services Other-$1,612$8,833$10,445
Office Expenses-$6,382-$6,382
Advertising--$4,487$4,487
Other Employee Benefits$625$208$1,251$2,084
Interest-$1,220-$1,220
Conferences and Meetings-$1,165-$1,165
Depreciation Depletion-$717-$717
Other Expenses-$279-$279
Total Functional Expenses$751,438$84,475$83,624$919,537

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,019,797
Expenses per Audited Statements$919,537
Total Expenses per Form 990$919,537
Expenses Not Reported on Form 990$100,260
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 Gross Income$105,835
Fundraising Direct Expenses$94,044
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf$174,540$126,040$16,122$109,918
Spring Luncheon$27,282$22,102$9,725$12,377
Total Events$232,283$105,835$94,044$11,791
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
Greg AroneoBoard MemberConsulting WorkNo$4,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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.”

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 president. The president 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
ONE PLUCKEMIN WAY SUITE 201, BEDMINSTER, NJ 07921

Signing Officer

Name
Francis Shammo
Title
Treasurer
Phone
7325294117
Signed
2022-03-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Francis Shammo
Formed
2018
Legal Domicile
Nj
Voting Board Members
12
Independent Board Members
11
Employees
2
Volunteers
10

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, 2021 and 2020. At december 31, 2021 and 2020, there are no significant income tax uncertainties.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Special event expenses -94,044.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses 94,044.”

Raw XML AppendixShowing 400 of 493 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/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt092270
IRS990/NetAssetsOrFundBalancesEOYAmt0172423
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt011791
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt011791
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt092270
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0148173
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06382
IRS990/OfficeExpensesGrp/TotalAmt06382
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01251
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0208
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0625
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02084
IRS990/OtherExpensesGrp/Desc0OTHER COSTS & FEES
IRS990/OtherExpensesGrp/Desc1TELEPHONE
IRS990/OtherExpensesGrp/Desc2REGISTRATION FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04413
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1881
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2279
IRS990/OtherExpensesGrp/TotalAmt04413
IRS990/OtherExpensesGrp/TotalAmt1881
IRS990/OtherExpensesGrp/TotalAmt2279
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt0659
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0659
IRS990/OtherRevenueTotalAmt0659
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt016139
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt013601
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08070
IRS990/OtherSalariesAndWagesGrp/TotalAmt037810
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt08460
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01410
IRS990/PayrollTaxesGrp/ProgramServicesAmt04230
IRS990/PayrollTaxesGrp/TotalAmt014100
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0FRANCIS SHAMMO
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0923855
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0766813
IRS990/PYInvestmentIncomeAmt010
IRS990/PYOtherExpensesAmt063407
IRS990/PYOtherRevenueAmt0-9121
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-48604
IRS990/PYSalariesCompEmpBnftPaidAmt0133128
IRS990/PYTotalExpensesAmt0963348
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0914744
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt080153
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06475
IRS990/SavingsAndTempCashInvstGrp/EOYAmt070043
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0987204
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0923855
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0894773
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0155917
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02961749
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt036
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt010
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt046
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0659
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0586
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01245
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt02332724
IRS990ScheduleA/SubstantialContributorsTotAmt0629025
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0987204
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0923855
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0894773
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0155917
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02961749
IRS990ScheduleA/TotalSupportAmt02963040
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/DonatedServicesAndUseFcltsAmt06216
IRS990ScheduleD/DonatedServicesUseFcltsAmt06216
IRS990ScheduleD/EquipmentGrp/BookValueAmt0220
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02353
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02573
IRS990ScheduleD/ExpensesNotReportedAmt0100260
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0919537
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt094044
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-94044
IRS990ScheduleD/RevenueNotReportedAmt06216
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-94044
IRS990ScheduleD/RevenueSubtotalAmt01093734
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, 2021 AND 2020. AT DECEMBER 31, 2021 AND 2020, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXPENSES -94,044.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSES 94,044.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0220
IRS990ScheduleD/TotalExpensesPerForm990Amt0919537
IRS990ScheduleD/TotalRevenuePerForm990Amt0999690
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01099950
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01019797
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0126448
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt05180
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt048500
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt072768
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt094044
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt0464
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0464
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPRING LUNCHEON
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt027282
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0174540
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt030461
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0232283
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt022102
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0126040
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt0-42307
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0105835
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt011791
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt019964
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt045811
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt09725
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt016122
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt02862
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt043714
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt01193
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt047769
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0716286
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0430
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
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0GREG ARONEO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt04000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0CONSULTING WORK
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FRANCIS SHAMMO AND DONNA SHAMMO 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 PRESIDENT. THE PRESIDENT WILL REVIEW THE QUESTIONS OR CONCERNS AND IF THERE IS ACTION TO TAKE, SPEAK WITH THE AUDITORS TO RESOLVE THE QUESTIONS OR CONCERNS.

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Filings

Displayed year

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

Open filing
Assets
$178,385
Liabilities
$5,962
Net assets
$172,423
Revenue
$999,690
Expenses
$919,537
Net income
$80,153
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