FUTURES IN EDUCATION: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- FUTURES IN EDUCATION (EIN 20-5496382)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-13
- IRS object ID
- 201723179349301927
- Schema version
- 2016v3.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-11-13T09:18:04-06:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 271728945 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'CONNOR DAVIES LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 MAMARONECK AVENUE | AddressLine1Txt |
| City | HARRISON | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 105281633 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 205496382 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FUTURES IN EDUCATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FUTU | BusinessNameControlTxt |
| Phone | 7189657308 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 243 PROSPECT PARK WEST | AddressLine1Txt |
| City | BROOKLYN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11215 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN NOTARO | PersonNm |
| Person Title | ACTING EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 7189657308 | PhoneNum |
| Signature | 2017-11-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GARRETT M HIGGINS | PreparerPersonNm |
| PTIN | P00543209 | PTIN |
| Phone | 9143818900 | PhoneNum |
| Preparation | 2017-11-09 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 65.51.112.58 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-11-11 | IPDt |
| IP Tm | 16:20:13 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 8F3E04F861F0216E32497907D09A877E57DED22A | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 45D10729E84C80409783239EA0C370A8A08632B7 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOHN NOTARO | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 243 PROSPECT PARK WEST | AddressLine1Txt |
| City | BROOKLYN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11215 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $13,249,582 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.FUTURESINEDUCATION.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2006 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | THE MISSION OF FUTURES IN EDUCATION IS TO ENSURE THAT THE GIFT OF AN EXCELLENT EDUCATION CONTINUES TO BE A VIABLE OPTION FOR FUTURE GENERATIONS OF STUDENTS IN BROOKLYN AND QUEENS BY PROVIDING SUPPLEMENTAL FUNDING FOR TUITION ASSISTANCE, PROGRAM SUPPORT AND CAPITAL PROJECTS TO THE NEEDIEST CATHOLIC ELEMENTARY AND SECONDARY STUDENTS AND SCHOOLS IN THESE TWO BOROUGHS.THE VISION OF FUTURES IN EDUCATION IS TO ENSURE THAT ANY STUDENT IN BROOKLYN OR QUEENS WHO WANTS TO OBTAIN A QUALITY, FAITH-BASED EDUCATION IN THE CATHOLIC TRADITION, WILL BE ABLE TO DO SO, REGARDLESS OF HIS OR HER FAMILY'S INCOME, RACE, RELIGION, OR BACKGROUND, BY KEEPING THE SCHOOLS AVAILABLE AND AFFORDABLE TO FAMILIES IN THE DIOCESE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 26 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 26 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 27 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $9,704,138 | PYContributionsGrantsAmt |
| CY Contributions Grants | $7,745,908 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $83,840 | PYInvestmentIncomeAmt |
| CY Investment Income | $195,850 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$165,566 | PYOtherRevenueAmt |
| CY Other Revenue | -$366,153 | CYOtherRevenueAmt |
| PY Total Revenue | $9,622,412 | PYTotalRevenueAmt |
| CY Total Revenue | $7,575,605 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $6,729,916 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $6,712,890 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $25,000 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $69,119 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $379,844 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $994,763 | PYOtherExpensesAmt |
| CY Other Expenses | $788,304 | CYOtherExpensesAmt |
| PY Total Expenses | $7,749,679 | PYTotalExpensesAmt |
| CY Total Expenses | $7,570,313 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,872,733 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $5,292 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $12,039,532 | TotalAssetsBOYAmt |
| Total Assets EOY | $12,998,051 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $579,445 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,499,850 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $11,460,087 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $11,498,201 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF FUTURES IN EDUCATION IS TO ENSURE THAT THE GIFT OF AN EXCELLENT EDUCATION CONTINUES TO BE A VIABLE OPTION FOR FUTURE GENERATIONS OF STUDENTS IN BROOKLYN AND QUEENS BY PROVIDING SUPPLEMENTAL FUNDING FOR TUITION ASSISTANCE, PROGRAM SUPPORT AND CAPITAL PROJECTS TO THE NEEDIEST CATHOLIC ELEMENTARY AND SECONDARY STUDENTS AND SCHOOLS IN THESE TWO BOROUGHS.THE VISION OF FUTURES IN EDUCATION IS TO ENSURE THAT ANY STUDENT IN BROOKLYN OR QUEENS WHO WANTS TO OBTAIN A QUALITY, FAITH-BASED EDUCATION IN THE CATHOLIC TRADITION, WILL BE ABLE TO DO SO, REGARDLESS OF HIS OR HER FAMILY'S INCOME, RACE, RELIGION, OR BACKGROUND, BY KEEPING THE SCHOOLS AVAILABLE AND AFFORDABLE TO FAMILIES IN THE DIOCESE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $3,070,541 | ExpenseAmt |
| Grant | $2,891,287 | GrantAmt |
| Desc | DIOCESE OF BROOKLYN SCHOLARSHIP PROGRAM - MAKES A QUALITY CATHOLIC EDUCATION AVAILABLE TO AS MANY FAMILIES AS POSSIBLE BY OFFERING PARTIAL SCHOLARSHIPS TO FAMILIES IN FINANCIAL NEED OF TUITION ASSISTANCE FOR STUDENTS IN PRE-K TO 8TH GRADE ENROLLED IN CATHOLIC GRAMMAR SCHOOLS IN BROOKLYN AND QUEENS. IN 2016, THE PROGRAM AWARDED SCHOLARSHIPS TO 1,885 STUDENTS FOR A TOTAL AMOUNT OF $2,872,273. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,431,772 | ExpenseAmt |
| Grant | $2,431,772 | GrantAmt |
| Desc | BISHOP'S SCHOLARSHIP PROGRAM - IN CONJUNCTION WITH THE CHILDREN'S SCHOLARSHIP FUND (CSF), THE PROGRAM STIMULATES ENROLLMENT OF STUDENTS FROM PUBLIC SCHOOLS INTO CATHOLIC SCHOOLS FOR THOSE FAMILIES WITH FINANCIAL NEED OF TUITION ASSISTANCE IN LINE WITH CSF'S AIM TO MAXIMIZE EDUCATIONAL OPPORTUNITY FOR ALL CHILDREN. IN 2016, THE PROGRAMS AWARDED SCHOLARSHIPS TO 1,759 STUDENTS FOR A TOTAL AMOUNT OF $2,431,772. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,389,831 | ExpenseAmt |
| Grant | $1,389,831 | GrantAmt |
| Desc | BE AN ANGEL TO A STUDENT PROGRAM - A SPONSORSHIP PROGRAM WHERE A DONOR, AN ANGEL, PAYS A PORTION OF THE STUDENT'S TUITION FOR A FAMILY WITH EXTRAORDINARY NEED TO HELP SEND THEIR CHILDREN TO A CATHOLIC SCHOOL THEY LOVE. THE STUDENT SENDS CORRESPONDENCE TO THE ANGEL THROUGHOUT THE SCHOOL YEAR, INCLUDING LETTERS, GREETINGS AND REPORT CARDS. IN 2016, THE PROGRAM AWARDED SCHOLARSHIPS TO 705 STUDENTS FOR A TOTAL AMOUNT OF $1,389,831. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $6,892,144 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 6 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 26 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 26 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHN NOTARO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7189657308 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 243 PROSPECT PARK WEST | AddressLine1Txt |
| City | BROOKLYN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11215 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (28 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| ROBERT B CATELL | ||||||
| CHAIRMAN | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| ROBERT F GARTLAND | ||||||
| VICE CHAIRMAN | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| BRENDAN DUGAN | ||||||
| TREASURER-TERM ENDED DEC. 2016 | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| NICOLE STEINWEISS | ||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| AIDA TORRES | ||||||
| SECRETARY/ASSOC. DIR. OF OPERATIONS | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| REGINA PITARO | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MARTIN COTTINGHAM | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MOST REV NICHOLAS DIMARZIO | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| CLARISSA ELGARTEN | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| REV MSGR JAMIE J GIGANTIELLO | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| THOMAS FLOOD | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| LOUIS C GRASSI | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| REV MSGR KIERAN E HARRINGTON | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MR WILLIAM J HOGAN | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN A LOCONSOLO | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JOSEPH MATTONE SR ESQ | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| CHARLES MCQUADE | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ARTHUR J MIRANTE II | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| LESTER J OWENS | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| BRUCE C RATNER | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JOSEPH SCIAME | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL O'KEEFFE | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| CARLO A SCISSURA ESQ | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ANTHONY J BONOMO JD | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN DUANE | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ALEX PEREZ | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ANTHONY ZITO | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN NOTARO | ||||||
| ACTING EXECUTIVE DIRECTOR | 35.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $1,900,824 | FundraisingAmt |
| All Other Contributions | $5,845,084 | AllOtherContributionsAmt |
| Total Contributions | $7,745,908 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $94,363 | TotalRevenueColumnAmt |
| Exclusion | $94,363 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,995,652 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,894,165 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $101,487 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $101,487 | TotalRevenueColumnAmt |
| Exclusion | $101,487 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $369,575 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $1,900,824 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $779,812 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$410,237 | TotalRevenueColumnAmt |
| Exclusion | -$410,237 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REIMBURSEMENTS FROM CAP PROGRAM | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $44,084 | TotalRevenueColumnAmt |
| Exclusion | $44,084 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $44,084 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,575,605 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$170,303 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $99,014 | TotalAmt |
| Program Services | $99,014 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,613,876 | TotalAmt |
| Program Services | $6,613,876 | ProgramServicesAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $419,309 | TotalAmt |
| Program Services | $150,679 | ProgramServicesAmt |
| Management And General | $110,283 | ManagementAndGeneralAmt |
| Fundraising | $158,347 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $62,775 | TotalAmt |
| Management And General | $62,775 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $69,119 | TotalAmt |
| Fundraising | $69,119 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,042 | TotalAmt |
| Management And General | $33,042 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,528 | TotalAmt |
| Management And General | $5,528 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,779 | TotalAmt |
| Fundraising | $54,779 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $118,977 | TotalAmt |
| Program Services | $12,055 | ProgramServicesAmt |
| Management And General | $40,267 | ManagementAndGeneralAmt |
| Fundraising | $66,655 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,145 | TotalAmt |
| Management And General | $21,145 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,686 | TotalAmt |
| Program Services | $12,093 | ProgramServicesAmt |
| Management And General | $9,149 | ManagementAndGeneralAmt |
| Fundraising | $14,444 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,658 | TotalAmt |
| Program Services | $1,282 | ProgramServicesAmt |
| Management And General | $766 | ManagementAndGeneralAmt |
| Fundraising | $10,610 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,014 | TotalAmt |
| Program Services | $747 | ProgramServicesAmt |
| Management And General | $1,242 | ManagementAndGeneralAmt |
| Fundraising | $3,025 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,027 | TotalAmt |
| Management And General | $3,027 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| MAINTENANCE | $12,453 | $2,398 | $7,190 | $2,865 |
| MISCELLANEOUS EXPENSE | $3,911 | $3,911 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,570,313 | TotalAmt |
| Program Services | $6,892,144 | ProgramServicesAmt |
| Management And General | $298,325 | ManagementAndGeneralAmt |
| Fundraising | $379,844 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,673,195 | BOYAmt |
| EOY | $1,568,732 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $330,756 | BOYAmt |
| EOY | $867,873 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,571,092 | BOYAmt |
| EOY | $5,656,959 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $5,554 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,638,154 | BOYAmt |
| EOY | $4,166,959 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $826,335 | BOYAmt |
| EOY | $731,974 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,039,532 | BOYAmt |
| EOY | $12,998,051 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,946 | BOYAmt |
| EOY | $77,783 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $506,499 | BOYAmt |
| EOY | $1,422,067 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $579,445 | BOYAmt |
| EOY | $1,499,850 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $410,763 | BOYAmt |
| EOY | $1,743,448 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,125,331 | BOYAmt |
| EOY | $5,791,810 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,923,993 | BOYAmt |
| EOY | $3,962,943 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,460,087 | BOYAmt |
| EOY | $11,498,201 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,039,532 | BOYAmt |
| EOY | $12,998,051 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $5,292 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $52,160 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$19,338 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,861,717 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $8,154,715 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,150,155 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $9,704,138 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,745,908 | CurrentTaxYearAmt |
| Total | $40,616,633 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,861,717 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $8,154,715 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,150,155 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $9,704,138 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,745,908 | CurrentTaxYearAmt |
| Total | $40,616,633 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $14,349,122 | SubstantialContributorsTotAmt |
| Public Support Total170 | $26,267,511 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $28,984 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $60,634 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $130,424 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $26,828 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $94,363 | CurrentTaxYearAmt |
| Total | $341,233 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $35,864 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $54,591 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $96,542 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $83,020 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $44,084 | CurrentTaxYearAmt |
| Total | $314,101 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $41,271,967 | TotalSupportAmt |
| Public Support CY170 | 0.63640 | PublicSupportCY170Pct |
| Public Support PY170 | 0.63740 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | RECOVERY FROM BAD DEBT EXPENSE - 2012 AMOUNT: $ 25,114. NYS UNEMPLOYMENT REIMBURSEMENT - 2012 AMOUNT: $ 10,750. REIMBURSEMENTS FROM CAP PROGRAM - 2013 AMOUNT: $ 54,591. 2014 AMOUNT: $ 96,542. 2015 AMOUNT: $ 82,636. 2016 AMOUNT: $ 44,084. MISCELLANEOUS INCOME - 2015 AMOUNT: $ 384. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $3,374,128 | BeginningYearBalanceAmt |
| Contributions | $35,450 | ContributionsAmt |
| Investment Earnings Or Losses | $90,311 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $3,499,889 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $3,411,792 | BeginningYearBalanceAmt |
| Contributions | $28,250 | ContributionsAmt |
| Investment Earnings Or Losses | -$65,914 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $3,374,128 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $3,130,321 | BeginningYearBalanceAmt |
| Contributions | $177,200 | ContributionsAmt |
| Investment Earnings Or Losses | $104,271 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $3,411,792 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,726,721 | BeginningYearBalanceAmt |
| Contributions | $282,500 | ContributionsAmt |
| Investment Earnings Or Losses | $36,434 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $3,045,655 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,142,245 | BeginningYearBalanceAmt |
| Contributions | $570,000 | ContributionsAmt |
| Investment Earnings Or Losses | $14,476 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $2,726,721 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 0.90900 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.09100 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INTEREST IN NET ASSETS OF CATHOLIC FOUNDATION FOR BROOKLYN & QUEENS | Desc |
| Book Value | $731,974 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $731,974 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO CATHOLIC FOUNDATION FOR BROOKLYN & QUEENS | Desc |
| Amt | $1,422,067 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,422,067 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $7,763,769 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $52,160 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $136,004 | OtherRevenueAmt |
| Revenue Not Reported | $188,164 | RevenueNotReportedAmt |
| Revenue Subtotal | $7,575,605 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $7,575,605 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $7,734,276 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $163,963 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $163,963 | ExpensesNotReportedAmt |
| Expenses Subtotal | $7,570,313 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $7,570,313 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE PURPOSE OF THE ENDOWMENT FUND IS TO PROVIDE INCOME FOR EDUCATIONAL SCHOLARSHIPS FOR THOSE IN NEED. IN COLUMN (C), FUTURES IN EDUCATION ADJUSTED THE BEGINNING OF THE YEAR'S BALANCE BY $84,666 DUE TO RECLASSIFICATION OF THE ENDOWMENT FUND. |
| PART X, LINE 2: | FUTURES RECOGNIZES THE EFFECT OF TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT FUTURES HAD NO UNCERTAIN TAX POSITIONS THAT THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. FUTURES IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS FOR PERIODS PRIOR TO DECEMBER 31, 2013. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | ADDITIONAL COSTS OF SPECIAL EVENT REPORTED IN PART VIII, LINE 8B 136,004. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | ADDITIONAL COSTS OF SPECIAL EVENT REPORTED IN PART VIII, LINE 8B 136,004. BAD DEBT EXPENSE 27,959. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | ActivityActivityTxt | Fundraiser Control Of FundsFundraiserControlOfFundsInd | Gross ReceiptsGrossReceiptsAmt | Retained By ContractorRetainedByContractorAmt | Net To OrganizationNetToOrganizationAmt |
|---|---|---|---|---|---|---|---|---|
| ROBERT WILE | ||||||||
| 45 OXFORD DRIVE | TENAFLY | NJ | 07670 | CULTIVATING/SOLICITING DONORS | 0 | $0 | $25,000 | -$25,000 |
| CARLA CAPONE COMPANY LLC | ||||||||
| 1501 BROADWAY SUITE 1808 | NEW YORK | NY | 10036 | FUNDRAISING COUNSEL | 0 | $0 | $39,121 | -$39,121 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | $64,121 | TotalRetainedByContractorsAmt |
| Total Net To Organization | -$64,121 | TotalNetToOrganizationAmt |
| Licensed States | NY | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | ANNUAL DINNER | Event1Nm |
| Gross Receipts Event1 | $1,403,036 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $1,148,036 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $255,000 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $429,607 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $47,822 | OtherDirectExpensesEvent1Amt |
| Event2 | GOLF EVENT | Event2Nm |
| Gross Receipts Event2 | $297,590 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $229,590 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $68,000 | GrossRevenueEvent2Amt |
| Food And Beverage Event2 | $81,108 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $34,847 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 2 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $569,773 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $523,198 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $46,575 | GrossRevenueOtherEventsAmt |
| Food And Beverage Other Events | $133,092 | FoodAndBeverageOtherEventsAmt |
| Oth Direct Expnss Other Events | $53,336 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $2,270,399 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $1,900,824 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $369,575 | GrossRevenueTotalEventsAmt |
| Food And Beverage Total Events | $643,807 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $136,005 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $779,812 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$410,237 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| BROOKLYN JESUIT PREP | |||||||
| 560 STERLING PLACE | BROOKLYN | NY | 11238 | 200108663 | 501(C)3 | $40,000 | EDUCATIONAL SCHOLARSHIPS |
| CRISTO REY BROOKLYN | |||||||
| 710 EAST 37TH STREET | BROOKLYN | NY | 11203 | 262433224 | 501(C)3 | $40,000 | EDUCATIONAL SCHOLARSHIPS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| PARTIAL SCHOLARSHIPS TO FAMILIES IN FINANCIAL NEED OF TUITION ASSISTANCE. | 3644 | $5,224,045 |
| SPONSORSHIP PROGRAM WHERE A DONOR PAYS A PORTION OF THE STUDENT'S TUITION. | 705 | $1,389,831 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | FOR ALL SCHOLARSHIP PROGRAMS, FAMILIES COMPLETE A FINANCIAL AID APPLICATION TO DETERMINE ELIGIBILITY. THESE APPLICATIONS ARE PROCESSED BY A THIRD-PARTY VENDOR, TADS, WHO ASSESSES FINANCIAL NEED BASED ON HOUSEHOLD INCOME AND SIZE. THE RESULTS ARE STORED IN A DATABASE AND TWICE A YEAR ATTENDANCE OF STUDENTS IS VERIFIED BEFORE SUBMISSION OF PAYMENTS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | FUTURES IN EDUCATION DELEGATE CONTROL OVER MANAGEMENT DUTIES TO CATHOLIC FOUNDATION FOR BROOKLYN AND QUEENS THROUGH A MANAGEMENT SERVICES AGREEMENT. UNDER THE AGREEMENT CATHOLIC FOUNDATION FOR BROOKLYN AND QUEENS HAVE MANAGEMENT CONTROL OVER EXECUTIVE REPORTING, ORGANIZATION MANAGEMENT, FUNDRAISING AND DEVELOPMENT, BUDGETS AND ACCOUNTING, EVENTS, AND VENDOR AND CONTRACT MANAGEMENT. FOR THE TAX YEAR ENDING IN 2016, FUTURES IN EDUCATION PAID CATHOLIC FOUNDATION FOR BROOKLYN AND QUEENS $419,309 FOR MANAGEMENT FEE EXPENSES. THE MANAGEMENT FEE EXPENSES OF $419,309 REPRESENTS EXPENSES OF MANAGEMENT FEES, PAYROLL SERVICE FEES, ADVERTISING, OFFICE EXPENSES, INFORMATION TECHNOLOGY, OCCUPANCY, TRAVEL, CONFERENCES, GRANTS, AND INSURANCES. IN ADDITION, JOHN NOTARO, ACTING EXECUTIVE DIRECTOR, IS REIMBURSED BY FUTURES IN EDUCATION FOR THE MANAGEMENT SERVICES INCLUDED IN THE AGREEMENT WITH CATHOLIC FOUNDATION FOR BROOKLYN AND QUEENS. TOTAL COMPENSATION (SALARY PLUS MEDICAL AND OTHER BENEFITS) REIMBURSED TO JOHN NOTARO IS $64,789. AIDA TORRES, ASSOCIATE DIRECTOR OF OPERATION'S SALARY IS ALSO REIMBURSED BY FUTURES IN EDUCATION. TOTAL COMPENSATION (SALARY PLUS MEDICAL AND OTHER BENEFITS) REIMBURSED TO AIDA TORRES IS $29,159. |
| FORM 990, PART VI, SECTION B, LINE 11B | FUTURES IN EDUCATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD MEMBERS OF THE ORGANIZATION FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. ONCE A YEAR, EACH TRUSTEE MUST SIGN THAT HE/SHE IS AWARE OF AND UNDERSTANDS THE POLICY. THE POLICY IS REVIEWED ON AN ANNUAL BASIS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, COMMITTEE SHALL DETERMINE BY A DISINTERESTED DIRECTORS WHETHER THE GOVERNING BOARD OR MAJORITY VOTE OF THE TRANSACTION OR ARRANGEMENT IS IN OWN BENEFIT, AND THE CORPORATION'S BEST INTEREST, FOR WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD OF DIRECTORS, AT TIMES, USED THE SERVICES OF AN OUTSIDE CONSULTANT TO SEARCH FOR KEY PERSONNEL. CERTAIN MEMBERS OF THE BOARD INTERVIEW POTENTIAL CANDIDATES AND SELECT A FINAL CANDIDATE. A WRITTEN EMPLOYMENT CONTRACT IS THEN PREPARED WHICH INCLUDES SALARY, BONUS POTENTIAL AND FRINGE BENEFITS. THIS CONTRACT IS THEN SIGNED BY THE CHAIRMAN OF THE BOARD. IN FEBRUARY 2013 THE BOARD APPROVED THE HIRING OF AN OUTSIDE CONSULTANT FIRM, WHICH PRESENTED AN OVERALL STRATEGIC PLAN FOR THE ORGANIZATION. PART OF THAT PLAN WAS AN EXECUTIVE COMPENSATION ANALYSIS AND COMPARISON TO DETERMINE THE AVERAGE SALARY FOR AN EXECUTIVE AT COMPARABLE ORGANIZATIONS. THE STRATEGIC PLAN HAS BEEN APPROVED BY THE BOARD. THIS PROCESS WAS LAST UNDERTAKEN IN JANUARY 2013. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. IT IS POSTED ON THE GUIDESTAR.ORG WEBSITE AND OTHER SIMILAR WEBSITES. THE ORGANIZATION'S FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST AT THE ORGANIZATION'S BUSINESS ADDRESS DURING NORMAL BUSINESS HOURS AT 243 PROSPECT PART WEST, BROOKLYN, NY 11215. |
| FORM 990, PART XI, LINE 9: | CHANGE IN INTEREST IN NET ASSETS OF CATHOLIC FND. FOR BROOKLYN & QUEENS 8,621. BAD DEBT EXPENSE -27,959. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. |
Comments