Liabilities / Assets
90th percentile
Higher debt load relative to assets than 90% of similar nonprofits.
EIN 88-2372335 • 501(c)3 • Edgewater, NJ
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.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
90th percentile
Higher debt load relative to assets than 90% of similar nonprofits.
Liabilities / Revenue
88th percentile
Higher debt load relative to revenue than 88% of similar nonprofits.
Net Margin
83rd percentile
Higher net margin than 83% of similar nonprofits.
Top Officer Pay
95th percentile
Higher top officer pay than 95% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
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.
Most recent year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.
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
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 |
| Name | Title |
|---|---|
| Brandon Short | President & Director |
| Mahreen Short | Sec., Treas. & Director |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| 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 |
| Region | Activity | Services | Offices | Employees | Spending |
|---|---|---|---|---|---|
| Middle East and North Africa | Fundraising | - | 0 | 0 | - |
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $88,661 |
| Fundraising Gross Income | $29,099 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Gala | $59,998 | $29,099 | $47,001 | $-17,902 |
| Total Events | $59,998 | $29,099 | $88,661 | $-59,562 |
“The board mebers are married”
“The full board reviews the 990 before filing”
“The organization has the documents on site and they are available upon request.”
“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”
“Other professional fees : program service expenses 10,861. Management and general expenses 6,500. Fundraising expenses 10,863. Total expenses 28,224.”
“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.”
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/Desc | 0 | ENSURE UNDERGRADUATES HAVE THE TOOLS AND SUPPORT TO LEVERAGE THEIR OWN TALENTS AND HARD WORK TO REACH THEIR TREMENDOUS POTENTIAL - TO CREATE A "BETTER TOMORROW." |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE BOARD MEBERS ARE MARRIED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE FULL BOARD REVIEWS THE 990 BEFORE FILING |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ORGANIZATION HAS THE DOCUMENTS ON SITE AND THEY ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | OTHER PROFESSIONAL FEES : PROGRAM SERVICE EXPENSES 10,861. MANAGEMENT AND GENERAL EXPENSES 6,500. FUNDRAISING EXPENSES 10,863. TOTAL EXPENSES 28,224. |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART IX, LINE 11G |
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| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
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