Civic Intelligence

Hope Through Education - a Fund for Better Futures Inc.

990 • Fiscal year 2022 • EIN 82-5117718

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 15, 2023

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

48th percentile

0.04x

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

2022 filings • NTEE A • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

26th percentile

0.01x

Higher debt load relative to revenue than 26% of similar nonprofits.

2022 filings • NTEE A • $1M-$5M nonprofits • Source year 2022

Net Margin

55th percentile

14%

Higher net margin than 55% of similar nonprofits.

2022 filings • NTEE A • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

76th percentile

$110,276

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

2022 filings • NTEE A • $1M-$5M nonprofits • Source year 2022

Asset Growth

92nd percentile

89%

Faster asset growth than 92% of similar nonprofits.

2022 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

48th percentile

11%

Faster revenue growth than 48% of similar nonprofits.

2022 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets48th percentile

Assets

Up

$338,037

Up $159,652 (+89%) from 2021

Net Assets

Up

$323,282

Up $150,859 (+87%) from 2021

Liabilities

Up

$14,755

Up $8,793 (+147%) from 2021

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin55th percentile

Revenue

Up

$1,106,699

Up $107,009 (+11%) from 2021

Expenses

Up

$953,340

Up $33,803 (+3.7%) from 2021

Net Income

Up

$153,359

Up $73,206 (+91%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth92nd 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

2022

Assets$338,037
Liabilities$14,755
Net Assets$323,282
Open 2022 Filing

Operations Trend

Revenue Growth48th 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

2022

Revenue$1,106,699
Expenses$953,340
Net Income$153,359
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 15, 2023
Return Version
2022v5.0
Gross Receipts
$1,264,848
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$85,572$266,463▲ $180,891
Savings and Temporary Cash Investments$70,043$71,574▲ $1,531
Accounts Receivable$22,550--
Land, Buildings, and Equipment, Net$220$0▼ $220
Total Assets$178,385$338,037▲ $159,652
Liabilities
Accounts Payable and Accrued Expenses$5,962$14,755▲ $8,793
Total Liabilities$5,962$14,755▲ $8,793
Net Assets / Fund Balance
Net Assets With Donor Restrictions$24,250$174,630▲ $150,380
Net Assets Without Donor Restrictions$148,173$148,652▲ $479
Total Net Assets Fund Balance$172,423$323,282▲ $150,859
Total Liabilities and Net Assets / Fund Balance$178,385$338,037▲ $159,652

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$2,573$2,573
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Suzanne HumbertPresidentFT$102,500$7,776$110,276

Board Members and Trustees

NameTitle
Fredrick ZiwotChairman
Amy WilliamsonTrustee
Barbara StevensTrustee
Donna ShammoTrustee
Dr Paul I ValloneTrustee
Eugene CordanoTrustee
Gloria LagrassaTrustee
Janis ValloneTrustee
Jim WilliamsonTrustee
Julia JacobsonTrustee
Les HirschTrustee
Olga Anna DuhlTrustee
Steven SullivanTrustee
Terry ConleyTrustee
Tom TrueTrustee
Gregory AroneoSecretary
Fran ShammoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,142,703
Program Service Revenue
$0
Investment Income
$38
Other Revenue
$-36,042
All Other Contributions
$1,040,223
Change in Net Assets
$153,359

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,264,848
Revenue Not Reported on Financial Statements
$-158,149
Revenue Not Reported on Form 990
$14,500
Other Revenue Adjustments
$-158,149
Total Revenue per Audited Statements
$1,279,348
Total Revenue per Form 990
$1,106,699
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$745,747
Salaries, Compensation, and Employee Benefits$145,781
Total Fundraising Expense$92,151
Other Expenses$61,812
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$745,747--$745,747
Current Officers, Directors, Trustees, and Key Employees$33,083$11,028$66,165$110,276
Other Salaries and Wages-$22,307-$22,307
Fees for Services Accounting-$19,925-$19,925
Fees for Services Other-$1,793$12,452$14,245
Office Expenses-$11,411-$11,411
Payroll Taxes$3,221$1,074$6,442$10,737
Advertising--$5,615$5,615
Conferences and Meetings-$3,502-$3,502
Insurance-$2,927-$2,927
Other Employee Benefits$738$246$1,477$2,461
Other Expenses-$737-$737
Depreciation Depletion-$220-$220
Total Functional Expenses$782,789$78,400$92,151$953,340

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,128,489
Expenses per Audited Statements$953,340
Total Expenses per Form 990$953,340
Expenses Not Reported on Form 990$175,149
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$158,149
Fundraising Gross Income$121,072
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf$121,288$56,538$29,652$26,886
Spring Luncheon$51,573$38,973$5,828$33,145
Total Events$223,552$121,072$158,149$-37,077
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
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“The following board members are related: fran and donna shammo dr. Paul vallone and janis vallone jim and amy williamson”

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
Frederick Ziwot
Title
Chairman
Phone
7325294117
Signed
2023-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frederick Ziwot
Formed
2018
Legal Domicile
Nj
Voting Board Members
17
Independent Board Members
17
Employees
4
Volunteers
15

Preparer

Firm
Cliftonlarsonallen Llp
Address
293 EISENHOWER PARKWAY 2ND FLOOR, LIVINGSTON, NJ 07039
Preparer
Bridget Hartnett
Phone
9739949494
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“BAD DEBT EXPENSE -2,500.”

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, 2022 and 2021. At december 31, 2022 and 2021, there are no significant income tax uncertainties.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Special event expenses -158,149.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses 158,149. Bad debt expense 2,500.”

Raw XML AppendixShowing 400 of 532 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/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02018
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0102480
IRS990/FundraisingDirectExpensesAmt0158149
IRS990/FundraisingGrossIncomeAmt0121072
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantAmt0745747
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0745747
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0745747
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01264848
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt02927
IRS990/InsuranceGrp/TotalAmt02927
IRS990/InvestmentIncomeGrp/ExclusionAmt038
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt038
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02573
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0220
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt02573
IRS990/LegalDomicileStateCd0NJ
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
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/NetAssetsOrFundBalancesBOYAmt0172423
IRS990/NetAssetsOrFundBalancesEOYAmt0323282
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-37077
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-37077
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0148173
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0148652
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011411
IRS990/OfficeExpensesGrp/TotalAmt011411
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-2500
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01477
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0246
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0738
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02461
IRS990/OtherExpensesGrp/Desc0REGISTRATION FEES
IRS990/OtherExpensesGrp/Desc1OTHER COSTS & FEES
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02493
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1737
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2737
IRS990/OtherExpensesGrp/TotalAmt02493
IRS990/OtherExpensesGrp/TotalAmt1737
IRS990/OtherExpensesGrp/TotalAmt2737
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt01035
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01035
IRS990/OtherRevenueTotalAmt01035
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt022307
IRS990/OtherSalariesAndWagesGrp/TotalAmt022307
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt06442
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01074
IRS990/PayrollTaxesGrp/ProgramServicesAmt03221
IRS990/PayrollTaxesGrp/TotalAmt010737
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0FREDERICK ZIWOT
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0987204
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0716286
IRS990/PYInvestmentIncomeAmt036
IRS990/PYOtherExpensesAmt048269
IRS990/PYOtherRevenueAmt012450
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt080153
IRS990/PYSalariesCompEmpBnftPaidAmt0154982
IRS990/PYTotalExpensesAmt0919537
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0999690
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0153359
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt070043
IRS990/SavingsAndTempCashInvstGrp/EOYAmt071574
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01142703
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0987204
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0923855
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0894773
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0155917
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04104452
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt038
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt036
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt084
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01035
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0659
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0586
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02280
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.49720
IRS990ScheduleA/PublicSupportPY170Pct00.52000
IRS990ScheduleA/PublicSupportTotal170Amt02041910
IRS990ScheduleA/SubstantialContributorsTotAmt02062542
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01142703
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0987204
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0923855
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0894773
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0155917
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04104452
IRS990ScheduleA/TotalSupportAmt04106816
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/DonatedServicesAndUseFcltsAmt014500
IRS990ScheduleD/DonatedServicesUseFcltsAmt014500
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02573
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02573
IRS990ScheduleD/ExpensesNotReportedAmt0175149
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0953340
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt0160649
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-158149
IRS990ScheduleD/RevenueNotReportedAmt014500
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-158149
IRS990ScheduleD/RevenueSubtotalAmt01264848
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, 2022 AND 2021. AT DECEMBER 31, 2022 AND 2021, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXPENSES -158,149.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSES 158,149. BAD DEBT EXPENSE 2,500.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0953340
IRS990ScheduleD/TotalRevenuePerForm990Amt01106699
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01279348
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01128489
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0102480
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt012600
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt064750

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$338,037
Liabilities
$14,755
Net assets
$323,282
Revenue
$1,106,699
Expenses
$953,340
Net income
$153,359
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
Peer Organizations

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