2014-01-31T11:37:46-06:00 2012-09-30 161170608 TOSKI & CO CPAS PC 300 ESSJAY RD SUITE 115 WILLIAMSVILLE NY 14221 990 2011-10-01 134083242 TORCH PROGRAM INC TORC 2129299573 80 EIGHTH AVENUE NEW YORK NY 10019 PETER DRAKOULIAS 2129299573 2013-11-25 1 JOHN T O'BRIEN MBA MST P01253588 7166340700 2014-01-14 2011 2016-02-25 16:41:14Z X PETER DRAKOULIS 80 EIGHTH AVENUE NEW YORK NY 10019 222789 0 X WWW.THETORCHPROGRAM.ORG X 1999 NY TRANSFORMING THE LIVES OF UNDERSERVED NYC PUBLIC HIGH SCHOOL STUDENTS BY PROVIDING INTENSIVE EXPOSURE TO CAREER TRAINING AND OPPORTUNITIES IN COMMUNICATIONS AND THE ARTS. WHILE FACILITATING A MEANINGFUL WAY OF INCREASING THE DIVERSITY OF THE WORKFORCE IN THOSE INDUSTRIES. 15 15 6 100 0 0 70220 130712 4970 0 0 0 155467 -38199 230657 92513 5000 0 0 0 152476 128209 0 0 0 57854 35328 215330 163537 15327 -71024 40715 7437 2616 40362 38099 -32925 TRANSFORMING THE LIVES OF UNDERSERVED NYC PUBLIC HIGH SCHOOL STUDENTS BY PROVIDING INTENSIVE EXPOSURE TO CAREER TRAINING AND OPPORTUNITIES IN COMMUNICATIONS AND THE ARTS. WHILE FACILITATING A MEANINGFUL WAY OF INCREASING THE DIVERSITY OF THE WORKFORCE IN THOSE INDUSTRIES. 0 0 150041 AFTER-SCHOOL PROGRAM - PARTICIPANTS MUST MEET WEEKLY TO WORK ON PROJECTS THAT GIVE THEM HANDS-ON EXPERIENCE IN INDUSTRIES OF FOCUS, WHICH INCLUDE ANIMATION, INTERACTIVE JOURNALISM, MUSIC AND MULTIMEDIA. ADDITIONALLY, TORCH PLANS COLLEGE VISITS AND WORKSHOPS THROUGHOUT THE YEAR FOCUSING ON TOPICS SUCH AS RESUME WRITING AND INTERVIEWING SKILLS. IN THE SUMMER, TORCH PLACES STUDENTS IN PAYING INTERNSHIPS TO ALLOW THEM TO FURTHER EXPLORE CAREER OPPORTUNITIES. ULTIMATE GOALS FOR TORCH INCLUDE PARTICIPANTS GRADUATION FROM HIGH SCHOOL AND COLLEGE WITH A DIRECTION AND FORMULATED GOALS. 150041 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 6 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 NY X MICHAEL GREENE ML MGMT ASSOC 2123335500 250 WEST 57TH ST NEW YORK NY 10107 PETER DRAKOULIAS 1.00 X X 0 0 0 COLTRANE CURTIS 1.00 X 0 0 0 ANTHONY DEL MONTE 1.00 X 0 0 0 REGINA EBEL 1.00 X 0 0 0 ALISON FAHEY 1.00 X 0 0 0 LAUREN GOLDENBERG 1.00 X 0 0 0 AMY GUSS 1.00 X 0 0 0 NANCY HILL 1.00 X 0 0 0 SUZANNE SHERMAN KAPLAN 1.00 X 0 0 0 BYRON LEWIS SR 1.00 X 0 0 0 MARC SIDEN 1.00 X 0 0 0 RUSSELL SIMONS 1.00 X 0 0 0 SONIA SROKA 1.00 X 0 0 0 ANNETTE STOVER 1.00 X 0 0 0 TIFFANY R WARREN 1.00 X 0 0 0 DEBI DEUTSCH 40.00 X 91000 0 21094 91000 0 21094 0 0 0 0 0 46050 84662 130712 92077 46050 130276 -38199 -38199 92513 0 0 -38199 73982 69695 4287 33201 32177 1024 12128 11718 410 8898 7929 969 4500 4500 2261 2261 513 513 14646 14646 689 591 98 45 45 1130 1130 1615 1615 MERCHANT FEES 2738 213 2525 TELEPHONE 2369 2236 133 SUPPLIES 1503 1503 MISCELLANEOUS 1193 322 871 2126 1253 873 163537 150041 13496 0 20960 1884 5 5000 9389 16002 12049 3761 3953 1600 1600 40715 7437 2616 9219 10000 0 21143 2616 40362 X 38099 -32925 38099 -32925 40715 7437 -71024 0 X X 1 0 0 X 0 X 113757 105296 125942 70220 130712 545927 113757 105296 125942 70220 130712 545927 545927 55 11 4 70 53056 48072 48680 160437 -38199 272046 818043 0.66740 0.50000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16002 12049 3953 3953 SECURITY DEPOSIT 1600 1600 CASH OVERDRAFT 6143 LOANS PAYABLE - RELATED PARTY 15000 21143 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE ORGANIZATION PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE ORGANIZATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN IT FINANCIAL STATEMENTS. U.S. FORMS 990 FILED BY THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION IS NO LONGER SUBJECT TO TAX EXAMINATION FOR THE YEARS ENDED SEPTEMBER 30, 2008 AND PRIOR ANNUAL BENEFIT 48685 22500 26185 29859 POKER FUNDRAISER 86242 23550 62692 11540 47402 2 3200 3200 41475 138127 46050 92077 11540 118736 130276 -38199 PETER DRAKOULIS OPERATING EXPENSES X 15000 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 NO REVIEW WAS OR WILL BE CONDUCTED COMPENSATION IS DETERMINED BY THE BOARD FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990 PART XII LINE 2C: NO CHANGES HAVE TAKEN PLACE DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2012. AMENDED RETURN FORM 990, PAGE 1, ITEM "B": FORM 990 WAS PREPARED AND FILED BASED ON THE UNAUDITED BOOKS AND RECORDS OF THE ORGANIZATION. AFTER FILING FORM 990, IT WAS DETERMINIED THAT REVIEWED FINANCIAL STATEMENTS WERE REQUIRED FOR FILING WITH THE STATE RETURN, ALONG WITH A COPY OF FORM 990 FOR THE TORCH PROGRAM, INC. FORM 990 IS BEING AMENDED TO AGREEE TO THE REVIEWED FINANCIAL STATEMENTS AND REFLECT ACCRUALS AND OTHER ADJUSTMENTS NOT REPORTED ON THE ORIGINAL FORM 990. IN ADDITION, SCHEDULE L HAS BEEN ADDED TO REPORT A LOAN BY THE BOARD PRESIDENT TO TORCH PROGRAM INC.