2017-11-03T10:30:43-05:00 2016-12-31 132709344 SHEEHAN & COMPANY CPA PC 165 ORINOCO DR BRIGHTWATERS NY 11718 990 2016-01-01 061833489 QUALITAS OF LIFE FOUNDATION QUAL 6468852295 1221 AVE OF THE AMERICAS NO 43105 NEW YORK NY 10020 MARCELA O DE ROVZAR CHAIRPERSON 2127391661 2017-10-04 1 ANTHONY P MARIANI P00126083 6316657040 2017-10-04 167.206.249.130 2017-10-04 14:59:48 ED P 62E293B8E2264B45B711D46D9AA9830097F6E356 B50EA8807D8BA78E7B5A650DC0C883C664902261 2016 2017-02-10 21:41:12Z X MARCELA O DE ROVZAR 1221 AVE OF THE AMERICAS NO 43105 NEW YORK NY 10020 438036 0 X WWW.QUALITASOFLIFE.ORG X 2007 NY 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. 11 11 24 8 0 0 543023 438017 0 0 1 19 0 -1278 543024 436758 0 0 0 0 142392 219351 1620 0 0 65928 159180 209940 378531 333084 58227 392898 453244 18434 20553 374464 432691 THE ORGANIZATION SERVES HISPANIC INDIVIDUALS BY PROVIDING INSTRUCTION ON PERSONAL FINANCES AND HOW TO ACCESS THE FINANCIAL SYSTEM. 0 0 299254 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. 299254 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 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 4 0 24 1 0 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 RUSSELL BYRES DIRECTOR 0.25 X 0 0 0 LOREA CANALES DIRECTOR 0.25 X 0 0 0 LEON CONSTANTINER DIRECTOR THRU SEPTEMBER 2016 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 CRISTINA CASTANEDA DIRECTOR THRU SEPTEMBER 2016 0.25 X 0 0 0 GREGORIO SCHNEIDER TREASURER 1.00 X X 0 0 0 ALONSO DE GARAY DIRECTOR 0.25 X 0 0 0 JORGE SUAREZ DIRECTOR 0.25 X 0 0 0 DAVID LUCERO DIRECTOR THRU SEPTEMBER 2016 0.25 X 0 0 0 BARBARA FERNANDEZ DIRECTOR 0.25 X 0 0 0 PAULINA TORIELLO ARZU DE KEILHAUER DIRECTOR 0.25 X 0 0 0 MIGUEL ZABLUDOVSKY DIRECTOR 0.25 X 0 0 0 MARCELA ORVANANOS DE ROVZAR PRESIDENT 5.00 X 0 0 0 0 0 0 0 0 0 0 0 49332 2200 386485 438017 19 19 0 49332 1278 -1278 -1278 436758 19 0 -1278 X 198740 158920 39820 20611 17617 2994 160 160 21035 21035 98626 98626 45 45 8811 8811 25 25 2736 2686 50 65 65 4244 1157 3087 WORKSHOP EXPENSES 20039 20039 STAFF TRAINING 1744 1744 OFFICE SUPPLIES 683 683 WEBSITE DESIGN AND SUPP 380 380 587 184 403 378531 299254 79277 0 384456 41750 0 408620 6217 0 2160 2874 1236 1236 65 0 392898 453244 18434 20553 18434 20553 X 374464 421726 0 10965 374464 432691 392898 453244 58227 0 X X 0 1 X 1 0 X 122443 128809 119960 543023 438017 1352252 122443 128809 119960 543023 438017 1352252 775719 576533 55 41 21 1 19 137 1352389 0.42630 0.40470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1236 1236 0 0 X 764592 327834 327834 436758 0 436758 706365 327834 327834 378531 0 378531 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAXATION UNDER INTERNAL REVENUE SERVICE CODE SECTION 501(C)(3), AND IS SUBJECT TO FEDERAL AND STATE TAX ON NET UNRELATED BUSINESS INCOME. THE ORGANIZATION HAS NOT TAKEN AN UNSUBSTANTIATED TAX POSITION THAT WOULD REQUIRE PROVISIONS OF A LIABILITY UNDER FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANTARDS CODIFICATION (ASC) 740-10 (FORMERLY FIN INTERPRETATION NO 48), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. UNDER ASC 740-10, AN ORGANIZATION MUST RECONGNIZE THE TAX BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITON WILL BE SUSTAINED. THE FOUNDATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSTIONS AND, ACCORDINGLY, HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE FOUNDATION HAS FILED IRS FORM 990, AS REQUIRED, AND ALL OTHER APPLICABLE RETURNS IN JURISDCTION WHEN IT IS REQUIRED. THE FOUNDATION INFORMATION RETURNS ARE SUBJECT TO REVIEW BY THE APPROPRIATE AUTHROITIES FOR A PERIOD OF THREE YEARS FROM THE DATE OF FILING. CURRENTLY, THE RETURNS FOR THE YEARS ENDING AFTER DECEMBER 31, 2013 ARE SUBJECT TO REVIEW BY FEDERAL TAXING AUTHORITIES. THERE WAS NO INTEREST AND PENALTIES RECORDED OR INCLUDED IN THE FINANCIAL STATEMENTS. X X X X X X 0 2016 COMPADRE FIESTA 43522 43522 RUN FOR QUALITAS 5810 5810 1278 49332 49332 1278 1278 -1278 FORM 990, PART VI, SECTION A, LINE 2 THE CHAIRPERSON AND THE SECRETARY ARE FAMILY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY THE GOVERNING BODY AND THE TREASURER 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 98,626. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 98,626. FORM 990, PART XII, LINE 2C THE ORGANIZATION CREATED AN AUDIT COMMITTEE THAT OVERSEES THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION PROCESS.