Civic Intelligence

Cahn Fellows Programs Corporation

990 • Fiscal year 2022 • EIN 85-3619218

Jun 01, 2021 to May 31, 2022 • Filed on Apr 10, 2023

PO Box 231077New York, NY 10023

(682) 895-9001

Siviq Scores

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

Liabilities / Assets

65th percentile

0.16x

Higher debt load relative to assets than 65% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

45th percentile

0.06x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

55th percentile

9.6%

Higher net margin than 55% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2022

Asset Growth

87th percentile

44%

Faster asset growth than 87% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

83rd percentile

52%

Faster revenue growth than 83% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$718,816

Up $218,510 (+44%) from 2021

Net Assets

Up

$602,138

Up $180,563 (+43%) from 2021

Liabilities

Up

$116,678

Up $37,947 (+48%) from 2021

Revenue

Up

$1,871,212

Up $637,999 (+52%) from 2021

Expenses

Up

$1,690,649

Up $989,774 (+141%) from 2021

Net Income

Down

$180,563

Down $351,775 (-66%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2021: $500,306Liabilities 2021: $78,731Net Assets 2021: $421,5752021Assets 2022: $718,816Liabilities 2022: $116,678Net Assets 2022: $602,1382022Assets 2023: $1,259,740Liabilities 2023: $190,501Net Assets 2023: $1,069,2392023Assets 2024: $862,833Liabilities 2024: $258,414Net Assets 2024: $604,4192024Assets 2025: $1,287,007Liabilities 2025: $178,916Net Assets 2025: $1,108,0912025

Highlighted filing

2022

Assets$718,816
Liabilities$116,678
Net Assets$602,138

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2021: $1,233,213Expenses 2021: $700,875Net Income 2021: $532,3382021Revenue 2022: $1,871,212Expenses 2022: $1,690,649Net Income 2022: $180,5632022Revenue 2023: $3,216,573Expenses 2023: $2,749,472Net Income 2023: $467,1012023Revenue 2024: $2,814,396Expenses 2024: $3,279,216Net Income 2024: -$464,8202024Revenue 2025: $3,523,577Expenses 2025: $3,165,805Net Income 2025: $357,7722025

Highlighted filing

2022

Revenue$1,871,212
Expenses$1,690,649
Net Income$180,563
Jump To
Filing Snapshot
Filing Period
Jun 1, 2021 to May 31, 2022
Signed
Apr 10, 2023
Return Version
2021v4.2
Gross Receipts
$1,871,212
Mission and Program Overview

Mission

The cahn fellows programs seek to improve public school systems by providing distinguished school leaders with advanced professional development and recognition.

To improve public school systems by providing distinguished school leaders with advanced professional development and recognition.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$473,567$443,313▼ $30,254
Prepaid Expenses and Deferred Charges$20,879$240,261▲ $219,382
Accounts Receivable$5,860$32,463▲ $26,603
Pledges and Grants Receivable-$2,779-
Land, Buildings, and Equipment, Net$0--
Total Assets$500,306$718,816▲ $218,510
Liabilities
Accounts Payable and Accrued Expenses$78,731$116,678▲ $37,947
Total Liabilities$78,731$116,678▲ $37,947
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$421,575$602,138▲ $180,563
Total Net Assets Fund Balance$421,575$602,138▲ $180,563
Total Liabilities and Net Assets / Fund Balance$500,306$718,816▲ $218,510
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Barbara MckeonSenior Program DirectorFT$110,322$7,771$118,093
Jonathan SmithVP, Treasurer, Executive DirectorFT$86,225$2,406$88,631

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Intercontinental Hotel MiamiHotel Rooms And Banquet Rooms100 CHOPIN PLAZA, Miami, FL 33131$174,587
Etc Venues Nyc LLCVenue Rental And Catering1780 HUGHES LANDING BLVD STE 400, The Woodlands, TX 77380$117,443
Revenue and Support

Revenue Composition

Contributions and Grants
$1,626,496
Program Service Revenue
$238,000
Investment Income
$5,896
Other Revenue
$820
All Other Contributions
$1,626,496
Change in Net Assets
$180,563

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,871,212
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,871,212
Total Revenue per Form 990
$1,871,212
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,063,072
Salaries, Compensation, and Employee Benefits$627,577
Total Fundraising Expense$161,291
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$721,357$6,515-$727,872
Other Salaries and Wages$328,852$45,315-$374,167
Current Officers, Directors, Trustees, and Key Employees$24,545$24,545$114,543$163,633
Fees for Services Other$86,065$49,553$24,266$159,884
Fees for Services Accounting-$56,380-$56,380
Advertising$52,595-$178$52,773
Payroll Taxes$29,440$6,765$8,301$44,506
Office Expenses-$38,445$4,216$42,661
Other Employee Benefits$24,395$5,606$6,878$36,879
Information Technology$2,089$9,663$2,909$14,661
Pension Plan Contributions$7,900$492-$8,392
Insurance-$1,851-$1,851
Other Expenses$661--$661
Total Functional Expenses$1,284,228$245,130$161,291$1,690,649

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,690,649
Total Expenses per Audited Statements$1,690,649
Total Expenses per Form 990$1,690,649
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$820
Gaming Direct Expenses$0
Professional Fundraising Fees$0
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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

Charles cahn and amanda cahn - family relationship

Form 990, Part VI, Section A, Line 4

The organization's by-laws were updated twice during the fiscal year. The mailing address was changed under section 1.03; action without a meeting under sections 4.05 and 5.08 was updated to allow an action to be taken is three-fourths of members of the board consent to the resolution; board approval for expenses that require the signature of an officer other than the executive director under section 7.03 and expenditures under section 7.05 was lowered to $10,000.

Form 990, Part VI, Section A, Line 8B

No committees with authority to act on behalf of the governing body were in existence for fiscal year 2022.

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

The form 990 will be shared with and reviewed by the board's budget and finance committee.

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

Each board member will review and sign an acknowledgement of the conflict of interest policy upon adoption and in may of each even-numbered year. The conflict of interest policy states that: a) any responsible person who has a potential conflict of interest shall disclose that to the president of the cahn fellows program. B) if the president deems the matter to be a conflict, the president shall inform the responsible person to avoid the transaction or agreement. The president will inform our program's senior staff, defined as the national director and program director, of that decision. C) if the responsible person disagrees with the president's conclusion, he/she may take the matter to the full board.

Form 990, Part VI, Section B, Line 15A

Compensation for the executive director is determined by the board with an annual review. All other positions are annually reviewed by the executive director.

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 upon request.

Filing and Contact Details

Filer

Filer Name
The Cahn Fellows Programs
EIN
85-3619218
Phone
6828959001
Address
PO BOX 231077, NEW YORK, NY 10023

Signing Officer

Name
Jonathan Smith
Title
Executive Director
Phone
6828959001
Signed
2023-04-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonathan Smith
Formed
2020
Legal Domicile
Ny
Voting Board Members
16
Independent Board Members
15
Employees
9
Volunteers
29

Preparer

Firm
Lane Gorman Trubitt LLC
Address
2626 HOWELL ST SUITE 700, DALLAS, TX 75204
Preparer
Matthew D Peck CPA
Phone
2148717500
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The organization's budget and finance committee oversees the audit and selection of an independent accountant. This process has not changed since prior year.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal income tax under section 501(c)(3) of the united states internal revenue code (the "code"), except to the extent it had unrelated business income. In addition, the organization has been determined by the internal revenue service ("irs") not to be a private foundation within the meaning of section 509(a) of the code. For the years ended may 31, 2022 and 2021, the organization had no net unrelated business income. Accordingly, no provision for income tax has been provided in the accompanying financial statements. Gaap requires the evaluation of tax positions taken or expected to be taken in the course of preparing the organization's tax returns to determine whether the tax positions are more likely than not of being sustained by the applicable tax authority. Tax positions not deemed to meet the more likely than not threshold would be recorded as a tax benefit or expense in the current year. A reconciliation is not provided herein, as the beginning and ending amounts of unrecognized benefits are zero, with no interim additions, reductions, or settlements. The organization is relying on its tax-exempt status and its adherence to all applicable laws and regulations to preserve that status. However, the conclusions regarding accounts for uncertainty in income taxes will be subject to review and may be adjusted at a later date based on factors including, but not limited to, ongoing analysis of tax laws, regulations, and interpretation thereof. The organization recognizes interest and penalties, if any, related to uncertain tax positions as income tax expense. The organization's informational returns filed are generally subject to examination for three years after the later of the due date or date of filing.

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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16SENIOR PROGRAM DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02020
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt05891
IRS990/GamingActivitiesInd00
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt0820
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt05891
IRS990/GrossReceiptsAmt01871212
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt02909
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt09663
IRS990/InformationTechnologyGrp/ProgramServicesAmt02089
IRS990/InformationTechnologyGrp/TotalAmt014661
IRS990/InsuranceGrp/ManagementAndGeneralAmt01851
IRS990/InsuranceGrp/TotalAmt01851
IRS990/InvestmentIncomeGrp/ExclusionAmt05
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt027
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt00
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE CAHN FELLOWS PROGRAMS SEEK TO IMPROVE PUBLIC SCHOOL SYSTEMS BY PROVIDING DISTINGUISHED SCHOOL LEADERS WITH ADVANCED PROFESSIONAL DEVELOPMENT AND RECOGNITION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0421575
IRS990/NetAssetsOrFundBalancesEOYAmt0602138
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt05891
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt05891
IRS990/NetIncomeFromGamingGrp/ExclusionAmt0820
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt0820
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0421575
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0602138
IRS990/NoncashContributionsAmt021636
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt04216
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt038445
IRS990/OfficeExpensesGrp/TotalAmt042661
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt06878
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05606
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt024395
IRS990/OtherEmployeeBenefitsGrp/TotalAmt036879
IRS990/OtherExpensesGrp/Desc0DISTINGUISHED PRINCIPAL
IRS990/OtherExpensesGrp/Desc1SHARED EXPENSES
IRS990/OtherExpensesGrp/Desc2ALUMNI EVENT AWARDS
IRS990/OtherExpensesGrp/ProgramServicesAmt04709
IRS990/OtherExpensesGrp/ProgramServicesAmt11620
IRS990/OtherExpensesGrp/ProgramServicesAmt2661
IRS990/OtherExpensesGrp/TotalAmt04709
IRS990/OtherExpensesGrp/TotalAmt11620
IRS990/OtherExpensesGrp/TotalAmt2661
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt045315
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0328852
IRS990/OtherSalariesAndWagesGrp/TotalAmt0374167
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt08301
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06765
IRS990/PayrollTaxesGrp/ProgramServicesAmt029440
IRS990/PayrollTaxesGrp/TotalAmt044506
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0492
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt07900
IRS990/PensionPlanContributionsGrp/TotalAmt08392
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02779
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020879
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0240261
IRS990/PrincipalOfficerNm0JONATHAN SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611430
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL DISTRICTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0238000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0238000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01226963
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0700875
IRS990/PYOtherRevenueAmt06250
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0532338
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0700875
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01233213
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0180563
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0238000
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01626504
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01226963
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02853467
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0244250
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01233383
IRS990ScheduleA/SubstantialContributorsTotAmt01620084
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01626504
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01226963
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02853467
IRS990ScheduleA/TotalSupportAmt02854292
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt0820
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt0820
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/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01690649
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01871212
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE (THE "CODE"), EXCEPT TO THE EXTENT IT HAD UNRELATED BUSINESS INCOME. IN ADDITION, THE ORGANIZATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE ("IRS") NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. FOR THE YEARS ENDED MAY 31, 2022 AND 2021, THE ORGANIZATION HAD NO NET UNRELATED BUSINESS INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAX HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GAAP REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE ORGANIZATION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE LIKELY THAN NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. A RECONCILIATION IS NOT PROVIDED HEREIN, AS THE BEGINNING AND ENDING AMOUNTS OF UNRECOGNIZED BENEFITS ARE ZERO, WITH NO INTERIM ADDITIONS, REDUCTIONS, OR SETTLEMENTS. THE ORGANIZATION IS RELYING ON ITS TAX-EXEMPT STATUS AND ITS ADHERENCE TO ALL APPLICABLE LAWS AND REGULATIONS TO PRESERVE THAT STATUS. HOWEVER, THE CONCLUSIONS REGARDING ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES WILL BE SUBJECT TO REVIEW AND MAY BE ADJUSTED AT A LATER DATE BASED ON FACTORS INCLUDING, BUT NOT LIMITED TO, ONGOING ANALYSIS OF TAX LAWS, REGULATIONS, AND INTERPRETATION THEREOF. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNCERTAIN TAX POSITIONS AS INCOME TAX EXPENSE. THE ORGANIZATION'S INFORMATIONAL RETURNS FILED ARE GENERALLY SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE DUE DATE OR DATE OF FILING.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01690649
IRS990ScheduleD/TotalRevenuePerForm990Amt01871212
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01871212
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01690649
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHARLES CAHN AND AMANDA CAHN - FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S BY-LAWS WERE UPDATED TWICE DURING THE FISCAL YEAR. THE MAILING ADDRESS WAS CHANGED UNDER SECTION 1.03; ACTION WITHOUT A MEETING UNDER SECTIONS 4.05 AND 5.08 WAS UPDATED TO ALLOW AN ACTION TO BE TAKEN IS THREE-FOURTHS OF MEMBERS OF THE BOARD CONSENT TO THE RESOLUTION; BOARD APPROVAL FOR EXPENSES THAT REQUIRE THE SIGNATURE OF AN OFFICER OTHER THAN THE EXECUTIVE DIRECTOR UNDER SECTION 7.03 AND EXPENDITURES UNDER SECTION 7.05 WAS LOWERED TO $10,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY WERE IN EXISTENCE FOR FISCAL YEAR 2022.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 WILL BE SHARED WITH AND REVIEWED BY THE BOARD'S BUDGET AND FINANCE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH BOARD MEMBER WILL REVIEW AND SIGN AN ACKNOWLEDGEMENT OF THE CONFLICT OF INTEREST POLICY UPON ADOPTION AND IN MAY OF EACH EVEN-NUMBERED YEAR. THE CONFLICT OF INTEREST POLICY STATES THAT: A) ANY RESPONSIBLE PERSON WHO HAS A POTENTIAL CONFLICT OF INTEREST SHALL DISCLOSE THAT TO THE PRESIDENT OF THE CAHN FELLOWS PROGRAM. B) IF THE PRESIDENT DEEMS THE MATTER TO BE A CONFLICT, THE PRESIDENT SHALL INFORM THE RESPONSIBLE PERSON TO AVOID THE TRANSACTION OR AGREEMENT. THE PRESIDENT WILL INFORM OUR PROGRAM'S SENIOR STAFF, DEFINED AS THE NATIONAL DIRECTOR AND PROGRAM DIRECTOR, OF THAT DECISION. C) IF THE RESPONSIBLE PERSON DISAGREES WITH THE PRESIDENT'S CONCLUSION, HE/SHE MAY TAKE THE MATTER TO THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY THE BOARD WITH AN ANNUAL REVIEW. ALL OTHER POSITIONS ARE ANNUALLY REVIEWED BY THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION'S BUDGET AND FINANCE COMMITTEE OVERSEES THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED SINCE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 4

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