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Nonprofiteer
← DOCTOR THEODORE A ATLAS FOUNDATION INC

Form 990 for tax year 2024

Filed by DOCTOR THEODORE A ATLAS FOUNDATION INC.

Totals

Total revenue
$649,210
Total expenses
$645,847
Contributions and grants received
$300,124
Grants paid
$200,248
Program service revenue
$0
Investment income
$35,413
Other revenue
$313,673
Total assets, end of year
$1,682,945
Total liabilities, end of year
$47,629
Net assets or fund balances, end of year
$1,635,316
Program services expenses (Part IX)
$520,567
Management and general expenses
$43,891
Fundraising expenses
$81,389
Program service expenses (Part III)
$520,567

Program services were 80.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $233,377

  • 1f · All other contributions, gifts and grants

    $66,747

  • 1g · Noncash contributions included above

    $4,500

  • 3 · Investment income

    total $35,413 · excluded $35,413

  • 8a · Fundraising events: gross income

    $313,673

  • 8c · Net income from fundraising events

    total $313,673

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000 · program services $20,000

  • 2 · Grants to domestic individuals

    total $180,248 · program services $180,248

  • 7 · Other salaries and wages

    total $102,330 · program services $86,980 · management and general $10,233 · fundraising $5,117

  • 10 · Payroll taxes

    total $7,669 · program services $6,519 · management and general $767 · fundraising $383

  • 11c · Fees: accounting

    total $12,250 · management and general $12,250

  • 11g · Fees: other

    total $261,679 · program services $177,542 · management and general $11,304 · fundraising $72,833

  • 12 · Advertising and promotion

    total $1,750 · fundraising $1,750

  • 13 · Office expenses

    total $29,517 · program services $25,054 · management and general $4,463

  • 16 · Occupancy

    total $26,125 · program services $22,206 · management and general $2,613 · fundraising $1,306

  • 22 · Depreciation, depletion and amortization

    total $244 · management and general $244

  • 23 · Insurance

    total $4,035 · program services $2,018 · management and general $2,017

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,316,209 · end of year $1,135,655

  • 2 · Savings and temporary cash investments

    beginning of year $27,763 · end of year $31,894

  • 3 · Pledges and grants receivable

    beginning of year $256,666 · end of year $301,213

  • 4 · Accounts receivable

    beginning of year $51,145 · end of year $125,725

  • 7 · Other notes and loans receivable

    end of year $64,439

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,700 · end of year $1,131

  • 10a · Land, buildings and equipment: cost or other basis

    $20,752

  • 10b · Land, buildings and equipment: accumulated depreciation

    $244

  • 10c · Land, buildings and equipment, net

    end of year $20,508

  • 15 · Other assets

    beginning of year $2,380 · end of year $2,380

  • 25 · Other liabilities

    beginning of year $31,358 · end of year $47,629

  • 27 · Net assets without donor restrictions

    beginning of year $1,628,405 · end of year $1,635,316

  • 28 · Net assets with donor restrictions

    beginning of year $100

Mission and programs · 2024

Mission

Withheld by Nonprofiteer: this text may name a private individual.

Activities or mission (Part I)

Withheld by Nonprofiteer: this text may name a private individual.

  • PROMOTING CHARITABLE WORKS - 59 GRANTS WERE MADE TO PROMOTE CHARITABLE WORKS.

  • PROMOTING COMMUNITY SERVICE ORIENTED ACTIVITIES - 44 GRANTS WERE MADE TO PROMOTE AND HELP COMMUNITY NEEDS AND ACTIVITIES.

    Expenses $20,000 · Grants $20,000

  • PROMOTING EDUCATION - 11 WERE MADE TO PROMOTE EDUCATION AND SPORTS.

  • PROMOTING SPORTS - 1 GRANTS WERE MADE TO PROMOTE YOUTH SPORTS.

    Expenses $500,567 · Grants $180,248

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Elaine Atlas

    TREASURER

    Total calculated
    $0

  • Nicole Atlas

    DIRECTOR

    Total calculated
    $0

  • David Berlin

    DIRECTOR

    Total calculated
    $0

  • Joseph Fama

    DIRECTOR

    Total calculated
    $0

  • Giana Gigante

    SECRETARY

    Total calculated
    $0

  • Theodore Atlas III

    DIRECTOR

    Total calculated
    $0

  • Theodore A Atlas Jr

    CHAIRMAN

    Total calculated
    $0

  • Howard Katz

    DIRECTOR

    Total calculated
    $0

  • Scott Katz

    DIRECTOR

    Total calculated
    $0

  • Paul Quattrocchi

    DIRECTOR

    Total calculated
    $0

  • Pasquale Russo

    DIRECTOR

    Total calculated
    $0

  • Keith Sullivan

    VICE CHAIRMA

    Total calculated
    $0

  • Thomas Verrengia

    DIRECTOR

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • URBAN HOPE

    $10,000

    COMMUNITY SUPPORT

  • MOVING BRAIN

    $10,000

    COMMUNITY SUPPORT

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.0
Source object
202543189349312944

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