2020-10-29T12:10:47-05:00 2019-12-31 132709344 SHEEHAN & COMPANY CPA PC 165 ORINOCO DR BRIGHTWATERS NY 11718 990 2019-01-01 061833489 QUALITAS OF LIFE FOUNDATION QUAL 6468852295 1221 AVE OF THE AMERICAS NO 43241 NEW YORK NY 10020 LEIGH ROVZAR CHAIRPERSON 2127391661 2020-10-22 1 ANTHONY P MARIANI P00126083 6316657040 2020-10-20 167.206.249.130 2020-10-22 13:22:29 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 B67C901A941BEAFF95DFB4703D02C855D3BACD5B 2019 2021-01-29 14:40:06Z LEIGH ROVZAR 1221 AVE OF THE AMERICAS NO 43241H NEW YORK NY 10020 506039 0 X WWW.QUALITASOFLIFE.ORG X 2007 NY QUALITAS OF LIFE FOUNDATION IS A NON-PROFIT ORGANIZATION THAT PROVIDES BASIC FINANCIAL EDUCATION TO HISPANIC INDIVIDUALS AND THEIR FAMILIES, IN ORDER TO FOSTER THEIR FINANCIAL SECURITY AND IMPROVE THEIR STANDARD OF LIVING. 11 11 26 5 0 0 569702 505688 0 0 566 351 -11200 0 559068 506039 0 0 0 0 346584 324826 0 0 106553 183017 337624 529601 662450 29467 -156411 655645 507962 17534 26262 638111 481700 THE ORGANIZATION SERVES HISPANIC INDIVIDUALS BY PROVIDING INSTRUCTION ON PERSONAL FINANCES AND HOW TO ACCESS THE FINANCIAL SYSTEM. 0 0 389049 THE ORGANIZATION HELPS HISPANIC INDIVIDUALS AND FAMILIES IN PROVIDING INSTRUCTION AND EDUCATIONAL WORKSHOPS ON PERSONAL FINANCES AND HOW TO ACCESS DIFFERENT FINANCIAL INSTITUTIONS. THROUGH THESE WORKSHOPS, PARTICIPANTS ARE ABLE TO USE THE AVAILABLE RESOURCES TO IMPROVE THEIR PERSONAL FINANCES AND PROVIDE MORE OPPORTUNITIES FOR THEIR FAMILIES. WHAT MAKES THE PROGRAM UNIQUE IS THE WAY IN WHICH TRUST-BUILDING, SELF-EMPOWERMENT AND COMMUNITY-BUILDING ELEMENTS HAVE BEEN STRATEGICALLY EMBEDDED INTO THE CURRICULUM. THE MAIN OBJECTIVE OF THE ORGANIZATION IS FOR EACH STUDENT TO UNDERSTAND THEIR FINANCIAL SITUATION, ESTABLISH A CLEAR FINANCIAL GOAL AND ACQUIRE THE KNOWLEDGE AND DEVELOP THE SKILLS AND HABITS REQUIRED TO ACHIEVE IT. 389049 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 5 0 26 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 1 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 1 1 0 NY X X THE ORGANIZATION 6468852295 1221 AVENUE OF THE AMERICAS SUITE NEW YORK NY 10020 X MARCELA O DE ROVZAR CHAIRPERSON 7.00 X X 0 0 0 RUSSELL G BYRES JR DIRECTOR 0.25 X 0 0 0 GINA DIEZ BARROSO DE FRANKLIN DIRECTOR 0.25 X 0 0 0 LEIGH ROVZAR SECRETARY 0.25 X X 0 0 0 GREGORIO SCHNEIDER TREASURER 1.00 X X 0 0 0 JORGE SUAREZ DIRECTOR 0.25 X 0 0 0 MIGUEL ZABLUDOVSKY DIRECTOR 0.25 X 0 0 0 IVANA ESTRADA DIRECTOR 0.25 X 0 0 0 JORGE KURI DIRECTOR 0.25 X 0 0 0 MARIA LETICIA OSSA DAZA DIRECTOR (THRU DEC 2019) 0.25 X 0 0 0 MARIEL CREO DIRECTOR 0.25 X 0 0 0 0 0 0 0 0 0 0 0 28109 477579 198976 505688 351 351 506039 351 0 0 X 300524 140794 64712 95018 24302 12127 4955 7220 17000 17000 77971 19895 58076 1267 1267 4121 1660 2461 8381 8381 6962 6010 952 WORKSHOP EXPENSES 200182 200182 BAD DEBT EXPENSE 14519 14519 FUNDRAISING EXPENSES 4315 4315 MISCELLANEOUS 1953 1953 953 953 662450 389049 166848 106553 10487 51410 577242 377594 65236 75812 2680 3146 1236 1236 0 0 655645 507962 17534 26262 17534 26262 X 638111 467005 14695 638111 481700 655645 507962 -156411 0 X X 1 X 0 1 0 X 543023 438017 625873 569702 505688 2682303 543023 438017 625873 569702 505688 2682303 615519 2066784 1 19 2964 566 351 3901 2686204 0.76940 0.71110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1236 1236 0 0 X PART X, LINE 2: THE ORGANIZATION HAS BEEN INCORPORATED AS A NOT-FOR-PROFIT CORPORATION UNDER THE LAWS OF NEW YORK STATE. THE INTERNAL REVENUE SERVICE HAS GRANTED APPROVAL FOR TAX EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE). ACCORDINGLY, NO PROVISION FOR FEDERAL OR LOCAL INCOME TAXES HAS BEEN PROVIDED FOR IN THE ACCOMPANYING FINANCIAL STATEMENTS. DURING THE YEAR ENDED DECEMBER 31, 2019, THE ORGANIZATION DID NOT RECOGNIZE OR ACCRUE ANY INTEREST OR PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN ITS STATEMENTS OF ACTIVITIES. X WORKSHOP SUPPLIES 1 198976 FAIR MARKET VALUE 0 0 0 PART I, COLUMN (B): THE ORGANIZATION REPORTS THE NUMBER OF NON-CASH CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 2 THE CHAIRPERSON AND THE SECRETARY ARE FAMILY MEMBERS. THE EXECUTIVE DIRECTOR AND A BOARD MEMBER ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY THE FINANCE COMMITTEE AND CHAIRPERSON PRIOR TO FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 15 THE FINANCE COMMITTEE AND THE CHAIRPERSON REVIEW COMPARABLE COMPENSATIONS AND THE APPROVED BUDGET AND MAKE A DECISION IN CONJUNCTION WITH THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 19,895. MANAGEMENT AND GENERAL EXPENSES 58,076. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 77,971. FORM 990, PART IX, LINE 24E MEMBERSHIP DUES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 815. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 815. STAFF TRAINING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 138. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 138. FORM 990, PART XII, LINE 2C THE ORGANIZATION CREATED AN COMMITTEE THAT OVERSEES THE REVIEW OF THE FINANCIAL STATEMENTS AND THE SELECTION PROCESS.