2021-05-10T06:01:40-07:00 2020-06-30 134036703 SCHALL & ASHENFARB CPAS 307 5th Ave 15th Floor NEW YORK NY 10016 990 2019-07-01 900394877 Adams Street Foundation Inc ADAM 7188346716 283 Adams Street Brooklyn NY 11201 Elizabeth Kearney Executive Director 2021-05-10 true Michael Schall P02024184 2122682800 2019 2022-09-23 18:48:47Z Wes Earnhardt 283 Adams Street Brooklyn NY 11201 666632 false X www.283adams.org X 2008 NY The Adams Street Foundation is the in-house, non-profit partner to the Urban Assembly School for Law & Justice, responsible for integrating pre-college enrichment and preparation for college and career into the school's curriculum. 12 12 7 100 0 586832 656541 2907 3489 0 4409 3107 594148 663137 1000 1000 0 319338 342795 0 56603 218339 230023 538677 573818 55471 89319 452812 643832 9301 112002 443511 531830 The Adams Street Foundation is the in-house, non-profit affiliate of the Urban Assembly School for Law & Justice. Together, the organizations provide their high school students with the tools and resources to succeed in college and career.Acitvities: SAT prep, college tours, financial aid counseling, essay feedback, career development opportunities with seasoned professionals, coaching students through the early admissions process, after school clubs, mentoring, and mock trial programs." false false 396050 1000 3489 The Adams Street Foundation, in partnership with the Urban Assembly School for Law & Justice (SLJ), serves over 400 students, the majority of whom live near or below the poverty line and will be the first in their family to go to college. SLJ is an unscreened, law-themed high school. Activities include SAT prep, college tours, financial aid counseling, essay feedback, career development opportunities with seasoned professionals, coaching students through the early admissions process, after school clubs, mentoring, and mock trial programs. * 2020 High School Graduation Rate - 99% (vs. a comparative city-wide graduation rate for 2019 of 77%).* In 2020, 100% of our seniors were accepted to college or have a post-high school plan.* On average, our alumni enroll in college with less than $5K in borrowing. Moreover, many of our students have $0 in borrowing. 396050 true true false false false false false false false false true false false false false true true false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 28 0 true 7 true false false false false false true true false 0 false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true true false false NY X Elizabeth Kearney 7188346716 283 Adams Street Brooklyn NY 11201 Charon Darris Executive Dir. 40.00 0.00 X 101664 0 0 Colby Allsbrook Co-Chair 1.00 0.00 X X 0 0 0 Wes Earnhardt Co-Chair 1.00 0.00 X X 0 0 0 Joaquin M Sena Director 1.00 0.00 X 0 0 0 Jillian Berman Director 1.00 0.00 X 0 0 0 Marnie Rosenberg Director 1.00 0.00 X 0 0 0 Beth Lind Director 1.00 0.00 X 0 0 0 Alison L Moore Director 1.00 0.00 X 0 0 0 Barry W Rashkover Director 1.00 0.00 X 0 0 0 Sinisa Babcic Director 1.00 0.00 X 0 0 0 Merilee Valentino Director 1.00 0.00 X 0 0 0 Joe Keohane Director 1.00 0.00 X 0 0 0 Eric Cottle Director 1.00 0.00 X 0 0 0 101664 1 false false false 0 376250 280291 656541 Program income 611710 3489 3489 3489 0 0 0 0 0 3495 376250 3495 0 0 0 Other income 900099 3107 3107 3107 663137 3489 3107 0 1000 1000 0 0 110000 22000 44000 44000 0 162655 162655 0 48645 32945 7850 7850 21495 14557 3469 3469 0 0 0 0 0 0 49054 49054 0 5058 3257 1025 776 0 0 0 0 0 0 0 0 958 958 6900 1541 4992 367 College Career & Enrichment 158095 158095 Bank Fees 5172 5172 Bad Debt 4645 4645 Fundraising expenses 141 141 0 573818 396050 121165 56603 44813 113567 369324 406012 10670 119334 0 0 0 0 0 25131 3003 2874 958 2874 1916 0 0 0 0 0 452812 643832 9301 43947 68055 9301 112002 X 387261 481830 56250 50000 443511 531830 452812 643832 X 89319 -1000 X false true X true false X 643301 596022 552997 586832 656541 3035693 0 0 643301 596022 552997 586832 656541 3035693 113928 2921765 0 0 2923 3386 1371 4409 3107 15196 3050889 36416 0.95770 0.96240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2874 958 1916 1916 X 681887 18750 18750 663137 663137 592568 18750 18750 573818 573818 Part X : FIN48 Footnote The Organization does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending June 30, 2017 and later are subject to examination by applicable taxing authorities. false Spring Benefit 374006 370511 3495 3495 Jr Board Event 5739 5739 379745 376250 3495 3495 3495 Form 990, Part VI, Line 11b: Form 990 Review Process Management reviewed a draft of the form 990 with the audit/finance committee and provided edits to the tax preparer. After this process was performed, the form 990 was sent to the full board of directors prior to being filed with the IRS. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Board members should disclose any conflicts of interest to the Board co-chairs and ED as soon as they arise. Moreover, by the first board meeting of the fiscal year, all board members are required to disclose any conflicts of interest. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The co-chairs and school principal (who is also a board member) develop a proposed compensation package for the executive director, based on the executive directors performance and on information concerning executive director compensation at comparable non-profit organizations.The proposal is voted on and approved by the full board, either at a board meeting or by email. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Financial statements are available upon request. Other Changes In Net Assets Or Fund Balances - Other Decreases Adjustment made after audit = -$1000