2016-11-11T11:36:35-06:00 2015-12-31 132709344 SHEEHAN & COMPANY CPA PC 165 ORINOCO DR BRIGHTWATERS NY 11718 990 2015-01-01 061833489 QUALITAS OF LIFE FOUNDATION QUAL 2127391661 1155 AVENUE OF THE AMERICAS NO 1906 NEW YORK NY 10036 MARCELA O DE ROVZAR CHAIRPERSON 2127391661 2016-10-25 1 THOMAS J NOVAK P00934053 6316657040 2016-10-11 2015 2017-02-10 21:41:12Z MARCELA O DE ROVZAR 1155 AVENUE OF THE AMERICAS NO 1906 NEW YORK NY 10036 543024 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. 14 14 28 5 0 0 119960 543023 0 0 21 1 -1350 0 118631 543024 0 0 0 0 83045 142392 0 1620 7060 45920 65928 128965 209940 -10334 333084 37547 392898 8500 18434 29047 374464 THE ORGANIZATION SERVES HISPANIC IMMIGRANTS BY PROVIDING INSTRUCTION ON PERSONAL FINANCES AND HOW TO ACCESS THE FINANCIAL SYSTEM. 0 0 135117 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. 135117 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 28 1 0 0 0 0 0 0 0 0 X 14 14 1 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 1 1 0 NY X THE ORGANIZATION 2127391661 1155 AVENUE OF THE AMERICAS SUITE NEW YORK NY 10036 X RUSSELL BYERS DIRECTOR 0.25 X 0 0 0 LOREA CANALES DIRECTOR 0.25 X 0 0 0 LEON CONSTANTINER 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 CRISTINA CASTANEDA DIRECTOR 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 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 ZUBLUDOVSKY 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 543023 543023 1 1 543024 1 0 0 128593 102874 25719 13799 11039 2760 25500 25500 1620 1620 8892 7100 1792 3671 25 3646 5760 5669 91 247 247 4075 903 3172 WORKSHOP EXPENSES 6397 6397 FUNDRAISING EXPENSES 5440 5440 MISCELLANEOUS 3130 75 3055 OFFICE SUPPLIES 1572 1572 1244 1035 209 209940 135117 67763 7060 37235 384456 6217 2160 1236 1171 312 65 37547 392898 8500 18434 8500 18434 X 29047 374464 29047 374464 37547 392898 333084 12333 0 X X 0 1 X 1 0 X 120100 122443 128809 119960 543023 1034335 120100 122443 128809 119960 543023 1034335 615693 418642 60 55 41 21 1 178 1034513 0.40470 0.43540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1236 1171 65 65 X 543024 0 543024 0 543024 209940 0 209940 0 209940 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, 2012 ARE SUBJECT TO REVIEW BY FEDERAL TAXING AUTHORITIES. THERE WAS NO INTEREST AND PENALTIES RECORDED OR INCLUDED IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 2 THE CHAIRPERSON AND THE SECRETARY ARE FAMILY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 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 XII LINE 1 THE ORGANIZATION CHANGED IT'S ACCOUNTING METHOD FROM CASH BASIS TO ACCRUAL BASIS. FORM 990 PART XII LINE 2C THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND THE CHAIRPERSON PRIOR TO FILING.