Civic Intelligence

Carmel Connection Foundation Inc.

990EZ • Fiscal year 2021 • EIN 86-2381817

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 22, 2022

401 Atlantic AvenuePoint Pleasant Beach, NJ 08742

(917) 455-2735

Siviq Scores

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

Liabilities / Assets

71st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • NTEE B12 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

71st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • NTEE B12 • <$500k nonprofits • Source year 2021

Net Margin

94th percentile

100%

Higher net margin than 94% of similar nonprofits.

2021 filings • NTEE B12 • <$500k nonprofits • Source year 2021

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • NTEE B12 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Assets

$99,740

No earlier filing loaded for comparison.

Net Assets

$99,740

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$99,882

No earlier filing loaded for comparison.

Expenses

$142

No earlier filing loaded for comparison.

Net Income

$99,740

No earlier filing loaded for comparison.

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: $99,740Liabilities 2021: $0Net Assets 2021: $99,7402021Assets 2022: $326,174Liabilities 2022: $0Net Assets 2022: $326,1742022Assets 2023: $698,603Liabilities 2023: $0Net Assets 2023: $698,6032023Assets 2024: $988,412Liabilities 2024: $21,200Net Assets 2024: $967,2122024Assets 2025: $1,272,250Liabilities 2025: $40,699Net Assets 2025: $1,231,5512025

Highlighted filing

2021

Assets$99,740
Liabilities$0
Net Assets$99,740

Operations Trend

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

$400K$300K$200K$100K$0Revenue 2021: $99,882Expenses 2021: $142Net Income 2021: $99,7402021Revenue 2022: $228,077Expenses 2022: $1,643Net Income 2022: $226,4342022Revenue 2023: $378,578Expenses 2023: $6,149Net Income 2023: $372,4292023Revenue 2024: $172,872Expenses 2024: $8,890Net Income 2024: $163,9822024Revenue 2025: $307,502Expenses 2025: $84,008Net Income 2025: $223,4942025

Highlighted filing

2021

Revenue$99,882
Expenses$142
Net Income$99,740
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 22, 2022
Return Version
2020v4.0
Gross Receipts
$106,760
Mission and Program Overview

Mission

We are a non-profit corporation established to support the financial needs of our lady of mt. Carmel school. Our main objective is funding a multi- million dollar endowment to support both our inner-city and immigrant youth for many years to come.

Program Services

DescriptionGrantsExpenses
WE ARE A NON-PROFIT CORPORATION ESTABLISHED TO SUPPORT THE FINANCIAL NEEDS OF OUR LADY OF MT. CARMEL SCHOOL. OUR MAIN OBJECTIVE IS FUNDING A MULTI- MILLION DOLLAR ENDOWMENT TO SUPPORT BOTH OUR INNER-CITY AND IMMIGRANT YOUTH FOR MANY YEARS TO COME.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TIMOTHY ANDREEPresident-$0--
SR JUDE BOYCE SSJTreasurer-$0--
KATIE O'MEARASecretary-$0--
PETER ABITANTOTrustee-$0--
LAUREN ANDREETrustee-$0--
THERESA CRAIGTrustee-$0--
FR MIGUEL VIRELLA SVDTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Caramel Connection Foundation Inc
EIN
86-2381817
Phone
9174552735
Address
401 ATLANTIC AVENUE, POINT PLEASANT BEACH, NJ 08742

Signing Officer

Name
Timothy Andree
Title
President
Phone
9174552735
Signed
2022-11-22
Discuss with paid preparer
Yes

Preparer

Firm
David M Muldowneyjr CPA
Address
PO BOX 129, COLTS NECK, NJ 07722-0129
Preparer
David M Muldowney Jr
Phone
7324314332
Supplemental Narrative

Additional Explanations

Form 990-ez, Part II, Line 24

Equities 0 60,981 mututal funds 0 37,187 total 0 98,168

Form 990-ez, Part III

We are a non-profit corporation established to support the financial needs of our lady of mt. Carmel school. Our main objective is funding a multi- million dollar endowment to support both our inner-city and immigrant youth for many years to come.

Form 990-ez, Part III, Line 28

We are a non-profit corporation established to support the financial needs of our lady of mt. Carmel school. Our main objective is funding a multi- million dollar endowment to support both our inner-city and immigrant youth for many years to come.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EQUITIES 0 60,981 MUTUTAL FUNDS 0 37,187 TOTAL 0 98,168
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WE ARE A NON-PROFIT CORPORATION ESTABLISHED TO SUPPORT THE FINANCIAL NEEDS OF OUR LADY OF MT. CARMEL SCHOOL. OUR MAIN OBJECTIVE IS FUNDING A MULTI- MILLION DOLLAR ENDOWMENT TO SUPPORT BOTH OUR INNER-CITY AND IMMIGRANT YOUTH FOR MANY YEARS TO COME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WE ARE A NON-PROFIT CORPORATION ESTABLISHED TO SUPPORT THE FINANCIAL NEEDS OF OUR LADY OF MT. CARMEL SCHOOL. OUR MAIN OBJECTIVE IS FUNDING A MULTI- MILLION DOLLAR ENDOWMENT TO SUPPORT BOTH OUR INNER-CITY AND IMMIGRANT YOUTH FOR MANY YEARS TO COME.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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Filings