Civic Intelligence

Karli Short Better Tomorrow Foundation

EIN 88-2372335 • 501(c)3 • Edgewater, NJ

Pub. 78 EligibleNTEE B82

Profile

We started the karli short better tomorrow scholarship fund to provide financial security to students who are grappling with the fallout from gun violence.

38 A Hillard AveEdgewater, NJ 07020

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.08x

Higher debt load relative to assets than 90% of similar nonprofits.

NTEE B82 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

88th percentile

0.05x

Higher debt load relative to revenue than 88% of similar nonprofits.

NTEE B82 • <$500k nonprofits • Source year 2022

Net Margin

83rd percentile

63%

Higher net margin than 83% of similar nonprofits.

NTEE B82 • <$500k nonprofits • Source year 2022

Top Officer Pay

95th percentile

$0

Higher top officer pay than 95% of similar nonprofits.

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

NTEE B82 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

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

Source year 2022

Revenue Growth

Score unavailable

No value available

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

Source year 2022

Assets

$119,376

No earlier filing loaded for comparison.

Liabilities

$9,388

No earlier filing loaded for comparison.

Net Assets

$109,988

No earlier filing loaded for comparison.

Revenue

$175,579

No earlier filing loaded for comparison.

Expenses

$65,591

No earlier filing loaded for comparison.

Net Income

$109,988

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2022: $119,376Liabilities 2022: $9,388Net Assets 2022: $109,9882022

Highlighted filing

2022

Assets$119,376
Liabilities$9,388
Net Assets$109,988

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0Revenue 2022: $175,579Expenses 2022: $65,591Net Income 2022: $109,9882022

Highlighted filing

2022

Revenue$175,579
Expenses$65,591
Net Income$109,988

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$1.19$0.09$1.10$1.76$0.66$1.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$264,240
Mission and Program Overview

Mission

We started the karli short better tomorrow scholarship fund to provide financial security to students who are grappling with the fallout from gun violence.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$114,376-
Prepaid Expenses and Deferred Charges-$5,000-
Total Assets$0$119,376▲ $119,376
Liabilities
Accounts Payable and Accrued Expenses-$9,388-
Total Liabilities$0$9,388▲ $9,388
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$109,988-
Total Net Assets Fund Balance$0$109,988▲ $109,988
Total Liabilities and Net Assets / Fund Balance$0$119,376▲ $119,376
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brandon ShortPresident & Director
Mahreen ShortSec., Treas. & Director
Revenue and Support

Revenue Composition

Contributions and Grants
$230,216
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-54,637
All Other Contributions
$199,317
Change in Net Assets
$109,988

Audited Revenue Reconciliation

Revenue per Audited Statements
$175,579
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$88,661
Total Revenue per Audited Statements
$264,240
Total Revenue per Form 990
$175,579
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$65,591
Total Fundraising Expense$25,616
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$10,861$6,500$10,863$28,224
Travel$10,611-$3,538$14,149
Advertising$1,160-$7,276$8,436
Information Technology-$2,958$2,958$5,916
Office Expenses$939-$981$1,920
Other Expenses$5,464$1,482-$1,482
Total Functional Expenses$29,035$10,940$25,616$65,591

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$154,252
Expenses Not Reported on Form 990$88,661
Expenses per Audited Statements$65,591
Total Expenses per Form 990$65,591
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Middle East and North AfricaFundraising-00-
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$88,661
Fundraising Gross Income$29,099
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$59,998$29,099$47,001$-17,902
Total Events$59,998$29,099$88,661$-59,562
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
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
No
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 board mebers are married

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

The full board reviews the 990 before filing

Form 990, Part VI, Section C, Line 19

The organization has the documents on site and they are available upon request.

Filing and Contact Details

Filer

Filer Name
Karli Short Better Tomorrow Foundation
EIN
88-2372335
Phone
9736831799
Address
38 A HILLARD AVE, EDGEWATER, NJ 07020

Signing Officer

Name
Jennifer Solot
Title
President
Phone
9736831799
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brandon Short
Formed
2022
Legal Domicile
Pa
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Bbd Llp
Address
1835 MARKET STREET 3RD FLOOR, PHILADELPHIA, PA 19103
Preparer
Jennifer Solot
Phone
2155677770
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

In 2021, we lost our daughter karli short and her unborn child to gun violence. Through our loss, we've become determined that karli's legacy will not be defined by the wrong that was done to her, but by the kindness and compassion that radiated from her. In june of 2022, we launched the karli short better tomorrow foundation ("ksbt") to do what karli would have done: lift-up those who are struggling. Countless children and youth are exposed to gun violence each year, at home, at school, and in their communities. Gun violence can leave lasting emotional scars on these children. More than 45,000 americans die from gun-related injuries annually and gun violence has climbed sharply in recent years. Ksbt believes that education is the key to offering young people hope and opportunity. College is expensive and extremely challenging in the best of circumstances and even more so for young people dealing with the fallout from gun violence. Ksbt has a two-fold purpose. One, support education by providing financial aid to college students who are grappling with the fallout from gun violence. And two, ensure undergraduates have the tools and emotional support to leverage their own talents and hard work to reach their potential-to create a "better tomorrow." we established the karli short better tomorrow scholarship fund to support students at penn state greater allegheny, located in my hometown of mckeesport, pa. In 2019, the national council for home safety and security rated mckeesport as the 4th most dangerous city in the united states - so there are lot of young people in that area that could really use our help. The karli short better tomorrow scholarship fund is an endowment that assists students with financial needs who have been affected by gun violence. The endowment is managed by penn state university. In furtherance of our mission to provide scholarships to students impacted by gun violence the foundation asked most of our donors to give directly to the karli short better tomorrow scholarship endowment at penn state. Ksbt annual fundraising gala and marketing efforts drive gifts to both the penn state endowment and to the foundation. In addition to the $264,240.00 fund raising reflected in the financials, ksbt raised $289,402.15 that was contributed directly into the karli short better tomorrow scholarship endowment at penn state in 2022. We are humbled by the generosity of so many supporters. Last year our fundraising efforts and annual better tomorrow gala was a tremendous success. Every $100,000 ksbt contributes to the endowment establishes an annual $5,000 scholarship in perpetuity for students in need. In 2022, ksbt provided scholarships to 3 wonderful students at penn state greater allegheny: - our first recipient was a sophomore who is a business major and on the basketball team. His father was a victim of gun violence and has been a paraplegic for the last thirty years. - the second recipient was a junior who is a computer science major. He moved with his family from egypt during high school for a brighter future. Unfortunately, he was a victim of gun violence three years ago. After a lengthy recovery he is once again in school and excelling. - the last recipient is a young woman who was a freshman. She was also a victim of gun violence herself when attending a high school graduation party where there was a shooting. She has also had a long road of recovery which is still not finished but she is flourishing at school. She has taken on many leadership roles at the university and is considered a superstar at the college. In our early years, ksbt will remain focused on offering scholarships to college students at penn state greater allegheny through the endowment managed by penn state. Our larger vision is to expand into other schools in the pittsburgh, pa area and offer financial aid and mental health & emotional support to students grappling with the fallout from gun violence. Join us to help create a better tomorrow. F

Form 990, Part IX, Line 11G

Other professional fees : program service expenses 10,861. Management and general expenses 6,500. Fundraising expenses 10,863. Total expenses 28,224.

Financial Statement Notes

PART X, LINE 2:

Gaap requires management to evaluate tax positions taken and recognize a tax liability, if the organization has taken an uncertain tax position that more likely than not would not be sustained upon examination by a government authority. Management has analyzed the tax positions taken by the organization and has concluded that as of december 31, 2022 there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements.

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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/ExplanationTxt0IN 2021, WE LOST OUR DAUGHTER KARLI SHORT AND HER UNBORN CHILD TO GUN VIOLENCE. THROUGH OUR LOSS, WE'VE BECOME DETERMINED THAT KARLI'S LEGACY WILL NOT BE DEFINED BY THE WRONG THAT WAS DONE TO HER, BUT BY THE KINDNESS AND COMPASSION THAT RADIATED FROM HER. IN JUNE OF 2022, WE LAUNCHED THE KARLI SHORT BETTER TOMORROW FOUNDATION ("KSBT") TO DO WHAT KARLI WOULD HAVE DONE: LIFT-UP THOSE WHO ARE STRUGGLING. COUNTLESS CHILDREN AND YOUTH ARE EXPOSED TO GUN VIOLENCE EACH YEAR, AT HOME, AT SCHOOL, AND IN THEIR COMMUNITIES. GUN VIOLENCE CAN LEAVE LASTING EMOTIONAL SCARS ON THESE CHILDREN. MORE THAN 45,000 AMERICANS DIE FROM GUN-RELATED INJURIES ANNUALLY AND GUN VIOLENCE HAS CLIMBED SHARPLY IN RECENT YEARS. KSBT BELIEVES THAT EDUCATION IS THE KEY TO OFFERING YOUNG PEOPLE HOPE AND OPPORTUNITY. COLLEGE IS EXPENSIVE AND EXTREMELY CHALLENGING IN THE BEST OF CIRCUMSTANCES AND EVEN MORE SO FOR YOUNG PEOPLE DEALING WITH THE FALLOUT FROM GUN VIOLENCE. KSBT HAS A TWO-FOLD PURPOSE. ONE, SUPPORT EDUCATION BY PROVIDING FINANCIAL AID TO COLLEGE STUDENTS WHO ARE GRAPPLING WITH THE FALLOUT FROM GUN VIOLENCE. AND TWO, ENSURE UNDERGRADUATES HAVE THE TOOLS AND EMOTIONAL SUPPORT TO LEVERAGE THEIR OWN TALENTS AND HARD WORK TO REACH THEIR POTENTIAL-TO CREATE A "BETTER TOMORROW." WE ESTABLISHED THE KARLI SHORT BETTER TOMORROW SCHOLARSHIP FUND TO SUPPORT STUDENTS AT PENN STATE GREATER ALLEGHENY, LOCATED IN MY HOMETOWN OF MCKEESPORT, PA. IN 2019, THE NATIONAL COUNCIL FOR HOME SAFETY AND SECURITY RATED MCKEESPORT AS THE 4TH MOST DANGEROUS CITY IN THE UNITED STATES - SO THERE ARE LOT OF YOUNG PEOPLE IN THAT AREA THAT COULD REALLY USE OUR HELP. THE KARLI SHORT BETTER TOMORROW SCHOLARSHIP FUND IS AN ENDOWMENT THAT ASSISTS STUDENTS WITH FINANCIAL NEEDS WHO HAVE BEEN AFFECTED BY GUN VIOLENCE. THE ENDOWMENT IS MANAGED BY PENN STATE UNIVERSITY. IN FURTHERANCE OF OUR MISSION TO PROVIDE SCHOLARSHIPS TO STUDENTS IMPACTED BY GUN VIOLENCE THE FOUNDATION ASKED MOST OF OUR DONORS TO GIVE DIRECTLY TO THE KARLI SHORT BETTER TOMORROW SCHOLARSHIP ENDOWMENT AT PENN STATE. KSBT ANNUAL FUNDRAISING GALA AND MARKETING EFFORTS DRIVE GIFTS TO BOTH THE PENN STATE ENDOWMENT AND TO THE FOUNDATION. IN ADDITION TO THE $264,240.00 FUND RAISING REFLECTED IN THE FINANCIALS, KSBT RAISED $289,402.15 THAT WAS CONTRIBUTED DIRECTLY INTO THE KARLI SHORT BETTER TOMORROW SCHOLARSHIP ENDOWMENT AT PENN STATE IN 2022. WE ARE HUMBLED BY THE GENEROSITY OF SO MANY SUPPORTERS. LAST YEAR OUR FUNDRAISING EFFORTS AND ANNUAL BETTER TOMORROW GALA WAS A TREMENDOUS SUCCESS. EVERY $100,000 KSBT CONTRIBUTES TO THE ENDOWMENT ESTABLISHES AN ANNUAL $5,000 SCHOLARSHIP IN PERPETUITY FOR STUDENTS IN NEED. IN 2022, KSBT PROVIDED SCHOLARSHIPS TO 3 WONDERFUL STUDENTS AT PENN STATE GREATER ALLEGHENY: - OUR FIRST RECIPIENT WAS A SOPHOMORE WHO IS A BUSINESS MAJOR AND ON THE BASKETBALL TEAM. HIS FATHER WAS A VICTIM OF GUN VIOLENCE AND HAS BEEN A PARAPLEGIC FOR THE LAST THIRTY YEARS. - THE SECOND RECIPIENT WAS A JUNIOR WHO IS A COMPUTER SCIENCE MAJOR. HE MOVED WITH HIS FAMILY FROM EGYPT DURING HIGH SCHOOL FOR A BRIGHTER FUTURE. UNFORTUNATELY, HE WAS A VICTIM OF GUN VIOLENCE THREE YEARS AGO. AFTER A LENGTHY RECOVERY HE IS ONCE AGAIN IN SCHOOL AND EXCELLING. - THE LAST RECIPIENT IS A YOUNG WOMAN WHO WAS A FRESHMAN. SHE WAS ALSO A VICTIM OF GUN VIOLENCE HERSELF WHEN ATTENDING A HIGH SCHOOL GRADUATION PARTY WHERE THERE WAS A SHOOTING. SHE HAS ALSO HAD A LONG ROAD OF RECOVERY WHICH IS STILL NOT FINISHED BUT SHE IS FLOURISHING AT SCHOOL. SHE HAS TAKEN ON MANY LEADERSHIP ROLES AT THE UNIVERSITY AND IS CONSIDERED A SUPERSTAR AT THE COLLEGE. IN OUR EARLY YEARS, KSBT WILL REMAIN FOCUSED ON OFFERING SCHOLARSHIPS TO COLLEGE STUDENTS AT PENN STATE GREATER ALLEGHENY THROUGH THE ENDOWMENT MANAGED BY PENN STATE. OUR LARGER VISION IS TO EXPAND INTO OTHER SCHOOLS IN THE PITTSBURGH, PA AREA AND OFFER FINANCIAL AID AND MENTAL HEALTH & EMOTIONAL SUPPORT TO STUDENTS GRAPPLING WITH THE FALLOUT FROM GUN VIOLENCE. JOIN US TO HELP CREATE A BETTER TOMORROW. F
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD MEBERS ARE MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FULL BOARD REVIEWS THE 990 BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS THE DOCUMENTS ON SITE AND THEY ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER PROFESSIONAL FEES : PROGRAM SERVICE EXPENSES 10,861. MANAGEMENT AND GENERAL EXPENSES 6,500. FUNDRAISING EXPENSES 10,863. TOTAL EXPENSES 28,224.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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ReturnHeader/ReturnTs02023-11-15T22:22:23-06:00
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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