BETA

FIRST DRAFT ACADEMY INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
FIRST DRAFT ACADEMY INC (EIN 76-0810290)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-08-31
IRS object ID
202312439349300811
Schema version
2022v5.0
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)
Return2023-08-31T09:00:52-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

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 Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN760810290EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WRITE ON SPORTS INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWRITBusinessNameControlTxt
Phone9739438673PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line121 CLONAVOR ROADAddressLine1Txt
CityWEST ORANGECityNm
State AbbreviationNJStateAbbreviationCd
ZIP07052ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSTEVEN MAGEEPersonNm
Person TitleTREASURERPersonTitleTxt
Phone9739438673PhoneNum
Signature2023-08-22SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSTEVENPersonFirstNm
Person LastMAGEEPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPAUL ARCHBOLDPreparerPersonNm
PTINP00189388PTIN
Phone9739939767PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerBYRON YAKEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line121 CLONAVOR ROADAddressLine1Txt
CityWEST ORANGECityNm
State AbbreviationNJStateAbbreviationCd
ZIP07052ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$389,640GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.WRITEONSPORTS.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2010FormationYr
Legal Domicile StateNJLegalDomicileStateCd
Activity Or MissionWRITE ON SPORTS IS A DISTINCTIVE EDUCATION PROGRAM WHOSE MISSION IS TO INSPIRE MIDDLE SCHOOL STUDENTS TO IMPROVE THEIR WRITING SKILLS BY TAPPING INTO THEIR PASSION FOR SPORTS.ActivityOrMissionDesc
Voting Members Governing Body12VotingMembersGoverningBodyCnt
Voting Members Independent12VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers11TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$253,414PYContributionsGrantsAmt
CY Contributions Grants$252,137CYContributionsGrantsAmt
PY Program Service Revenue$15,000PYProgramServiceRevenueAmt
CY Program Service Revenue$48,000CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue-$15,840PYOtherRevenueAmt
CY Other Revenue-$19,115CYOtherRevenueAmt
PY Total Revenue$252,574PYTotalRevenueAmt
CY Total Revenue$281,022CYTotalRevenueAmt
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$25,000PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$25,000CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$53,392CYTotalFundraisingExpenseAmt
PY Other Expenses$215,509PYOtherExpensesAmt
CY Other Expenses$243,031CYOtherExpensesAmt
PY Total Expenses$240,509PYTotalExpensesAmt
CY Total Expenses$268,031CYTotalExpensesAmt
PY Revenues Less Expenses$12,065PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$12,991CYRevenuesLessExpensesAmt
Total Assets BOY$191,124TotalAssetsBOYAmt
Total Assets EOY$185,045TotalAssetsEOYAmt
Total Liabilities BOY$36,854TotalLiabilitiesBOYAmt
Total Liabilities EOY$17,784TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$154,270NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$167,261NetAssetsOrFundBalancesEOYAmt
MissionWRITE ON SPORTS IS A DISTINCTIVE EDUCATION PROGRAM WHOSE MISSION IS TO INSPIRE MIDDLE SCHOOL STUDENTS TO IMPROVE THEIR WRITING SKILLS BY TAPPING INTO THEIR PASSION FOR SPORTS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$174,896ExpenseAmt
Revenue$132,779RevenueAmt
DescDURING THE YEAR THE ORGANIZATION RETURNED TO IN-PERSON CAMPS. PROGRAMS ARE FOCUSED ON IMPROVING WRITING SKILLS, CONDUCTING RESEARCH AND SHARPENING CRITICAL THINKING SKILLS BY TAPPING INTO THEIR PASSION FOR SPORTS.Desc
Total Program Service Expenses$174,896TotalProgramServiceExpensesAmt
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 Document29IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
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 Members12GoverningBodyVotingMembersCnt
Independent Voting Member12IndependentVotingMemberCnt
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 Body0Form990ProvidedToGvrnBodyInd
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 Line1BYRON YAKEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9739438673PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line121 CLONAVOR ROADAddressLine1Txt
CityWEST ORANGECityNm
State AbbreviationNJStateAbbreviationCd
ZIP07052ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
BYRON YAKE
EXECUTIVE DIRECTOR & CEO40.00Yes (X)Yes (X)$25,000$0$0
PETER FASTOVSKY
PRESIDENT & COO10.00Yes (X)Yes (X)$0$0$0
JOHN D GOLDSMITH
CHAIRMAN OF EXECUTIVE COMMITTEE4.00Yes (X)Yes (X)$0$0$0
STEVEN MAGEE
TREASURER1.00Yes (X)Yes (X)$0$0$0
DEV GANDHI
TRUSTEE1.00Yes (X)$0$0$0
FRANK ASTORINO
TRUSTEE1.00Yes (X)$0$0$0
LAXMI KAMBHAMPATI
TRUSTEE1.00Yes (X)$0$0$0
ROSE CALI
TRUSTEE1.00Yes (X)$0$0$0
STEVEN BECK
TRUSTEE1.00Yes (X)$0$0$0
MARYELLEN SALAMONE
SECRETARY1.00Yes (X)$0$0$0
JENNY VRENTAS
TRUSTEE1.00Yes (X)$0$0$0
PETER KING
TRUSTEE1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$25,000TotalReportableCompFromOrgAmt
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$22,132FundraisingAmt
All Other Contributions$230,005AllOtherContributionsAmt
Noncash Contributions$38,625NoncashContributionsAmt
Total Contributions$252,137TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
CHAPTER FEES900099$38,000$38,000
AFFILIATE FEES900099$10,000$10,000
FieldValueIRS element (for citing)
Total Program Service Revenue$48,000TotalProgramServiceRevenueAmt
Fundraising Gross Income$89,503FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$22,132ContriRptFundraisingEventAmt
Fundraising Direct Expenses$108,618FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$19,115TotalRevenueColumnAmt
Exclusion-$19,115ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$281,022TotalRevenueColumnAmt
Related Or Exempt Func Income$48,000RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$19,115ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$25,000TotalAmt
Program Services$6,250ProgramServicesAmt
Management And General$6,250ManagementAndGeneralAmt
Fundraising$12,500FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$29,093TotalAmt
Program Services$10,910ProgramServicesAmt
Management And General$7,273ManagementAndGeneralAmt
Fundraising$10,910FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$173,661TotalAmt
Program Services$130,236ProgramServicesAmt
Management And General$18,950ManagementAndGeneralAmt
Fundraising$24,475FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$5,274TotalAmt
Management And General$3,544ManagementAndGeneralAmt
Fundraising$1,730FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$6,333TotalAmt
Management And General$2,733ManagementAndGeneralAmt
Fundraising$3,600FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$11TotalAmt
Management And General$11ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,981TotalAmt
Program Services$2,981ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$8,158TotalAmt
Program Services$8,158ProgramServicesAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
PROGRAM COSTS$16,361$16,361
MEALS & ENTERTAINMENT$1,159$982$177

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$268,031TotalAmt
Program Services$174,896ProgramServicesAmt
Management And General$39,743ManagementAndGeneralAmt
Fundraising$53,392FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$157,208BOYAmt
EOY$135,944EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$6,676BOYAmt
EOY$34,513EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$18,116BOYAmt
EOY$7,160EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$12,778LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$5,350LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$8,635BOYAmt
EOY$7,428EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$489BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$191,124BOYAmt
EOY$185,045EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$36,854BOYAmt
EOY$17,784EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$36,854BOYAmt
EOY$17,784EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$154,270BOYAmt
EOY$167,261EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$154,270BOYAmt
EOY$167,261EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$191,124BOYAmt
EOY$185,045EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$12,991ReconcilationRevenueExpnssAmt
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$12,778OtherCostOrOtherBasisAmt
Depreciation$5,350DepreciationAmt
Book Value$7,428BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$7,428TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$351,015TotalRevEtcAuditedFinclStmtAmt
Other Revenue$69,993OtherRevenueAmt
Revenue Not Reported$69,993RevenueNotReportedAmt
Revenue Subtotal$281,022RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$281,022TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$338,024TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$69,993OtherExpensesIncludedAmt
Expenses Not Reported$69,993ExpensesNotReportedAmt
Expenses Subtotal$268,031ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$268,031TotalExpensesPerForm990Amt

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$77,730GrossReceiptsEvent1Amt
Charitable Contri Event1$14,137CharitableContriEvent1Amt
Gross Revenue Event1$63,593GrossRevenueEvent1Amt
Rent Facility Costs Event1$1,000RentFacilityCostsEvent1Amt
Food And Beverage Event1$24,538FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$24,930OtherDirectExpensesEvent1Amt
Event2SUMMER EVENTEvent2Nm
Gross Receipts Event2$4,000GrossReceiptsEvent2Amt
Charitable Contri Event2$4,000CharitableContriEvent2Amt
Other Direct Expenses Event2$6,945OtherDirectExpensesEvent2Amt
Other Events Total1OtherEventsTotalCnt
Gross Receipts Other Events$29,905GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$42,620CharitableContriOtherEventsAmt
Gross Revenue Other Events-$12,715GrossRevenueOtherEventsAmt
Oth Direct Expnss Other Events$12,580OthDirectExpnssOtherEventsAmt
Gross Receipts Total$111,635GrossReceiptsTotalAmt
Charitable Contributions Tot$60,757CharitableContributionsTotAmt
Gross Revenue Total Events$50,878GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$1,000RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$24,538FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$44,455OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$69,993DirectExpenseSummaryEventsAmt
Net Income Summary-$19,115NetIncomeSummaryAmt

Schedule M IRS990ScheduleM

Collectibles CollectiblesGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution8ContributionCnt
Noncash Contributions Rpt F990$10,600NoncashContributionsRptF990Amt
Method Of Determining RevenuesCOMPARABLE SALESMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (13 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)5STAR NAPA VALLEY WINE GETAWAY2$10,000COMPARABLE SALES
Yes (X)THEATER/SPORTS TICKETS7$8,300COMPARABLE SALES
Yes (X)BILLY JOEL LIVE AT MSG1$4,000COMPARABLE SALES
Yes (X)VIP LUNCH WITH PETER KING1$1,500COMPARABLE SALES
Yes (X)BLOOMS & BLING1$750COMPARABLE SALES
Yes (X)COOPERSTOWN BED & BREAKFAST1$600COMPARABLE SALES
Yes (X)DOUBLE DATE - DINNER & A SHOW1$500COMPARABLE SALES
Yes (X)LUNCH W/ SPORTS MEDIA ICONS1$500COMPARABLE SALES
Yes (X)SWAG FOR YOUR BAG1$475COMPARABLE SALES
Yes (X)CELEBRATE YOU1$450COMPARABLE SALES
Yes (X)A SKYLINE STAY AT ENVUE HOTEL1$400COMPARABLE SALES
Yes (X)BEST FOOT FORWARD1$300COMPARABLE SALES
Yes (X)EARLY SPRING BY ANNE GOLDSMITH1$250COMPARABLE 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 JOHN D. GOLDSMITH 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 11GINSTRUCTIONAL STAFF: PROGRAM SERVICE EXPENSES 57,530. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 57,530. OTHER PROFESSIONAL STAFF: PROGRAM SERVICE EXPENSES 72,706. MANAGEMENT AND GENERAL EXPENSES 18,950. FUNDRAISING EXPENSES 24,475. TOTAL EXPENSES 116,131.
FORM 990, PART XII, LINE 2C:THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT INCLUDING SELECTION OF THE INDEPENDENT ACCOUNTING FIRM.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.