BETA

FIRST DRAFT ACADEMY INC: Form 990, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
FIRST DRAFT ACADEMY INC (EIN 76-0810290)
Tax period
2025-01-01 to 2025-12-31
Filed
2026-07-17
IRS object ID
202641989349301029
Schema version
2025v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-07-17T11:42:57-05:00ReturnTs
Tax Period End2025-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN222706394PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLYNE EAGAN & ASSOCIATESBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line18 RIDGEDALE AVENUEAddressLine1Txt
CityCEDAR KNOLLSCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07927ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2025-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN760810290EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FIRST DRAFT ACADEMY INCBusinessNameLine1Txt
Business Name Line2(FORMERLY WRITE ON SPORTS INC)BusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlFIRSBusinessNameControlTxt
Phone6462456174PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 833AddressLine1Txt
CitySOUTH ORANGECityNm
State AbbreviationNJStateAbbreviationCd
ZIP07079ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPETER FASTOVSKYPersonNm
Person TitleCHAIR OF EXECUTIVE COMMITEEPersonTitleTxt
Phone9739438673PhoneNum
Signature2026-06-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPAUL ARCHBOLDPreparerPersonNm
PTINP00189388PTIN
Phone9739939767PhoneNum
FieldValueIRS element (for citing)
Tax2025TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name ChangeYes (X)NameChangeInd
Principal OfficerPETER FASTOVSKYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300E 71STAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10021ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$475,199GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.FIRSTDRAFTACADEMY.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2010FormationYr
Legal Domicile StateNJLegalDomicileStateCd
Activity Or MissionFIRST DRAFT ACADEMY IS A NEW JERSEY-BASED 501(C)(3) THAT SUPPORTS STUDENTS FROM UNDER-RESOURCED COMMUNITIES TO BUILD STRONG WRITING AND MEDIA LITERACY SKILLS THROUGH JOURNALISM, THE ARTS, AND DIGITAL STORYTELLINGActivityOrMissionDesc
Voting Members Governing Body15VotingMembersGoverningBodyCnt
Voting Members Independent15VotingMembersIndependentCnt
Total Employee4TotalEmployeeCnt
Total Volunteers18TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$242,466PYContributionsGrantsAmt
CY Contributions Grants$212,256CYContributionsGrantsAmt
PY Program Service Revenue$68,975PYProgramServiceRevenueAmt
CY Program Service Revenue$42,200CYProgramServiceRevenueAmt
PY Investment Income$4,252PYInvestmentIncomeAmt
CY Investment Income$3,505CYInvestmentIncomeAmt
PY Other Revenue$78,451PYOtherRevenueAmt
CY Other Revenue$155,240CYOtherRevenueAmt
PY Total Revenue$394,144PYTotalRevenueAmt
CY Total Revenue$413,201CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$167,386PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$178,173CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$53,873CYTotalFundraisingExpenseAmt
PY Other Expenses$232,218PYOtherExpensesAmt
CY Other Expenses$189,098CYOtherExpensesAmt
PY Total Expenses$399,604PYTotalExpensesAmt
CY Total Expenses$367,271CYTotalExpensesAmt
PY Revenues Less Expenses-$5,460PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$45,930CYRevenuesLessExpensesAmt
Total Assets BOY$194,120TotalAssetsBOYAmt
Total Assets EOY$245,608TotalAssetsEOYAmt
Total Liabilities BOY$18,413TotalLiabilitiesBOYAmt
Total Liabilities EOY$23,971TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$175,707NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$221,637NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionFIRST DRAFT ACADEMY (FDA) IS A NEW JERSEY-BASED 501(C)(3) HELPING MIDDLE SCHOOL STUDENTS FROM UNDER-RESOURCED COMMUNITIES BUILD WRITING SKILLS, CRITICAL THINKING AND CONFIDENCE USING THE LENS OF JOURNALISM THROUGH SPORTS, ARTS, AND DIGITAL STORYTELLING. FDA PARTNERS WITH UNIVERSITIES AND CULTURAL INSTITUTIONS TO PROVIDE HANDS-ON LEARNING, REAL-WORLD EXPERIENCES, AND OPPORTUNITIES FOR YOUNG WRITERSMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$235,732ExpenseAmt
Revenue$162,107RevenueAmt
DescFIRST DRAFT ACADEMY EMPLOYS DYNAMIC PROGRAM MODELS AND INSTRUCTIONAL METHODS, ALLOWING US TO ADAPT CONTENT, PACING, AND DELIVERY TO THE NEEDS OF DIVERSE STUDENT POPULATIONS. WE OFFER PROGRAMS THROUGHOUT THE YEAR WITH AFTER-SCHOOL WORKSHOPS, MULTI-WEEK SUMMER PROGRAMS, AND EVENT-BASED WORKSHOPS. CURRENTLY, THE THEMES EXPLORE THE ARTS, SPORTS AND STUDENT TOPICS OF CHOICE IN WRITE ON SPORTS, WRITE ON ARTS AND THE MEDIA LAB. AT THEIR CORE, ALL FIRST DRAFT ACADEMY PROGRAMS STRENGTHEN ESSENTIAL LITERACY SKILLS, INCLUDING WRITING, CRITICAL THINKING, RESEARCH, AND MULTIMEDIA PRODUCTION, WHILE INTRODUCING STUDENTS TO THE EARLY FOUNDATIONS OF REAL-WORLD CAREER PATHWAYS. IN 2025, OVER 500 STUDENTS WERE SERVED IN FOUR STATES (NJ, IN, CO, AND CA). FIRST DRAFT ACADEMY WAS FEATURED ON THE NATIONAL MORNING SHOW GOOD MORNING AMERICA AS A PROGRAM WORKING TO HELP CLOSE THE LITERACY EDUCATION GAP.Desc
Total Program Service Expenses$235,732TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document33IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee4EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Form8899 Filedind0Form8899Filedind
Form1098 C Filed0Form1098CFiledInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members15GoverningBodyVotingMembersCnt
Independent Voting Member15IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local ChaptersYes (1)LocalChaptersInd
Policies Reference ChaptersYes (1)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1STEVEN MAGEEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9739979626PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 833AddressLine1Txt
CitySOUTH ORANGECityNm
State AbbreviationNJStateAbbreviationCd
ZIP07079ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
BYRON YAKE
FOUNDER & DEVELOPMENT AMBA4.00Yes (X)Yes (X)$12,000$0$0
PETER FASTOVSKY
BOARD PRESIDENT & COO10.00Yes (X)Yes (X)$0$0$0
JOHN D GOLDSMITH
TRUSTEE1.00Yes (X)$0$0$0
STEVEN MAGEE
TREASURER4.00Yes (X)Yes (X)$0$0$0
LAXMI KAMBHAMPATI
TRUSTEE1.00Yes (X)$0$0$0
ROSE CALI
TRUSTEE1.00Yes (X)$0$0$0
MARYELLEN SALAMONE
BOARD SECRETARY & CHAIR OF10.00Yes (X)Yes (X)$0$0$0
JANET ALICEA
TRUSTEE1.00Yes (X)$0$0$0
PETER KING
TRUSTEE1.00Yes (X)$0$0$0
MICHAEL JAGGERS-RADOLF
TRUSTEE1.00Yes (X)$0$0$0
ALICIA MULLIN
TRUSTEE1.00Yes (X)$0$0$0
S JOHN RYAN
TRUSTEE1.00Yes (X)$0$0$0
PJ JOHNSON
TRUSTEE EMERITUS1.00Yes (X)$0$0$0
BEATRIZ COSTA
TRUSTEE1.00Yes (X)$0$0$0
GAUTHAM SRINIVAS
TRUSTEE1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$12,000TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$31,387FundraisingAmt
All Other Contributions$180,869AllOtherContributionsAmt
Noncash Contributions$4,225NoncashContributionsAmt
Total Contributions$212,256TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
CHAPTER FEES900099$34,000$34,000
REGISTRATION FEES900099$5,700$5,700
AFFILIATE FEES900099$2,500$2,500
FieldValueIRS element (for citing)
Total Program Service Revenue$42,200TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,505TotalRevenueColumnAmt
Related Or Exempt Func Income$3,505RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$217,238FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$31,387ContriRptFundraisingEventAmt
Fundraising Direct Expenses$61,998FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$155,240TotalRevenueColumnAmt
Exclusion$155,240ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$413,201TotalRevenueColumnAmt
Related Or Exempt Func Income$45,705RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$155,240ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$12,000TotalAmt
Program Services$6,000ProgramServicesAmt
Management And General$3,000ManagementAndGeneralAmt
Fundraising$3,000FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$149,000TotalAmt
Program Services$98,850ProgramServicesAmt
Management And General$25,900ManagementAndGeneralAmt
Fundraising$24,250FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$17,173TotalAmt
Program Services$11,236ProgramServicesAmt
Management And General$3,083ManagementAndGeneralAmt
Fundraising$2,854FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$33,404TotalAmt
Management And General$33,404ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$91,833TotalAmt
Program Services$77,032ProgramServicesAmt
Fundraising$14,801FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$5,657TotalAmt
Management And General$3,582ManagementAndGeneralAmt
Fundraising$2,075FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$11,394TotalAmt
Program Services$651ProgramServicesAmt
Management And General$4,202ManagementAndGeneralAmt
Fundraising$6,541FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$4,811TotalAmt
Program Services$4,811ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$8,796TotalAmt
Program Services$6,949ProgramServicesAmt
Management And General$1,495ManagementAndGeneralAmt
Fundraising$352FundraisingAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
PROGRAM COSTS$29,967$29,967
MISC - REBRANDING$3,000$3,000
MEALS & ENTERTAINMENT$236$236

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$367,271TotalAmt
Program Services$235,732ProgramServicesAmt
Management And General$77,666ManagementAndGeneralAmt
Fundraising$53,873FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$155,580BOYAmt
EOY$18,113EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$201,423EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$19,512BOYAmt
EOY$5,075EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$7,467BOYAmt
EOY$8,340EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$28,305LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$15,648LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$11,561BOYAmt
EOY$12,657EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$194,120BOYAmt
EOY$245,608EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$18,413BOYAmt
EOY$23,971EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$18,413BOYAmt
EOY$23,971EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$165,707BOYAmt
EOY$217,544EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$10,000BOYAmt
EOY$4,093EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$175,707BOYAmt
EOY$221,637EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$194,120BOYAmt
EOY$245,608EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$45,930ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$28,305OtherCostOrOtherBasisAmt
Depreciation$15,648DepreciationAmt
Book Value$12,657BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$12,657TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$470,974TotalRevEtcAuditedFinclStmtAmt
Other Revenue$57,773OtherRevenueAmt
Revenue Not Reported$57,773RevenueNotReportedAmt
Revenue Subtotal$413,201RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$413,201TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$425,044TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$57,773OtherExpensesIncludedAmt
Expenses Not Reported$57,773ExpensesNotReportedAmt
Expenses Subtotal$367,271ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$367,271TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE ORGANIZATION UTILIZES THE RECOGNITION AND MEASUREMENT GUIDANCE IN FASB ASC 740 TO ASSESS THEIR STATUS AS A NOT-FOR-PROFIT ENTITY, AS WELL AS OTHER TAX POSITIONS. FASB ASC 740 PRESCRIBES A COMPREHENSIVE MODEL FOR HOW AN ENTITY SHOULD MEASURE, RECOGNIZE, PRESENT, AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT IT HAS TAKEN OR EXPECTS TO TAKE ON A TAX RETURN, AND PRESCRIBES RECOGNITION OF BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION.
PART XI, LINE 2D - OTHER ADJUSTMENTS:DIRECT EXPENSES FOR EVENTS REDUCE REVENUES AND ARE EXCLUDED FROM EXPENSES
PART XII, LINE 2D - OTHER ADJUSTMENTS:DIRECT EXPENSES FOR EVENTS REDUCE REVENUES AND ARE EXCLUDED FROM EXPENSES

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships Recs0MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd0GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3THE NONDISCRIMINATORY POLICY IS PUBLISHED ON THE ORGANIZATION'S WEBSITE AND IN SOLICITATION MATERIALS.
SCHEDULE E, PART I, LINE 4THE ORIGANIZATION MAINTAINS ALL RACIAL COMPOSITION AND NONDISCRIMINATORY RECORDS.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1ANNUAL EVENT- GALAEvent1Nm
Gross Receipts Event1$241,375GrossReceiptsEvent1Amt
Charitable Contri Event1$27,412CharitableContriEvent1Amt
Gross Revenue Event1$213,963GrossRevenueEvent1Amt
Food And Beverage Event1$30,188FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$27,585OtherDirectExpensesEvent1Amt
Other Events Total1OtherEventsTotalCnt
Gross Receipts Other Events$7,250GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$8,200CharitableContriOtherEventsAmt
Gross Revenue Other Events-$950GrossRevenueOtherEventsAmt
Gross Receipts Total$248,625GrossReceiptsTotalAmt
Charitable Contributions Tot$35,612CharitableContributionsTotAmt
Gross Revenue Total Events$213,013GrossRevenueTotalEventsAmt
Food And Beverage Total Events$30,188FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$27,585OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$57,773DirectExpenseSummaryEventsAmt
Net Income Summary$155,240NetIncomeSummaryAmt

Schedule M IRS990ScheduleM

Other Non Cash Contri Table OtherNonCashContriTableGrp (6 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)SPORT TICKETS3$2,800COMPARABLE SALES
Yes (X)A WHALE OF A TIME1$500COMPARABLE SALES
Yes (X)BALTUSROL THREESOME1$500COMPARABLE SALES
Yes (X)SKYWAY GOLF PRIVATE LESSON1$175COMPARABLE SALES
Yes (X)STOCK YOUR BAR1$150COMPARABLE SALES
Yes (X)NY STOCK EXCHANGE EXPERIENCE1$100COMPARABLE SALES
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BA PROFESSIONAL FIRM WITH EXPERTISE IS ENGAGED TO PREPARE THE FORM 990. ONCE PREPARED, THE FORM 990 IS REVIEWED BY THE PRESIDENT AND THE ORGANIZATION'S ACCOUNTANT, WHO IS A CPA AND HAS NONPROFIT EXPERIENCE. ANY REVISIONS THAT ARE NECESSARY ARE MADE AND ONCE THE FORM 990 IS IN FINAL DRAFT FORM IT IS CIRCULATED TO THE FULL BOARD OF TRUSTEES FOR REVIEW. THE BOARD OF TRUSTEES ARE ASKED TO PROVIDE ANY COMMENTS AND/OR QUESTIONS BY A PREDETERMINED DATE. ANY COMMENTS AND/OR QUESTIONS ARE ADDRESSED AND ONCE INCORPORATED, AS NECESSARY, THE FINAL FORM 990 RETURN IS FILED.
FORM 990, PART VI, SECTION B, LINE 12CBOARD CHAIR MARYELLEN SALAMONE DISTRIBUTES A QUESTIONNAIRE TO EACH BOARD MEMBER EACH YEAR TO ACKNOWLEDGE THE CONFLICT OF INTEREST POLICY AND DISCLOSES ANY POTENTIAL CONFLICTS. BOARD SECRETARY MARYELLEN SALAMONE MONITORS RESPONSES AND ASSISTS IN EVALUATING ANY POTENTIAL CONFLICTS.
FORM 990, PART VI, SECTION B, LINE 15THE BOARD OF DIRECTORS APPROVE ALL COMPENSATION FOR ALL OFFICERS, EXECUTIVES AND MANAGEMENT.
FORM 990, PART VI, SECTION C, LINE 19DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST
FORM 990, PART IX, LINE 11GOTHER PROFESSIONAL STAFF: PROGRAM SERVICE EXPENSES 77,032. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 14,801. TOTAL EXPENSES 91,833.
FORM 990, PART XII, LINE 2C:THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT INCLUDING SELECTION OF THE INDEPENDENT ACCOUNTING FIRM.

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