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Nonprofiteer
← FRIENDS OF PHILIPS NEWARK INC

Form 990 for tax year 2022

Filed by FRIENDS OF PHILIPS NEWARK INC.

Totals

Total revenue
$12,377
Total expenses
$70,847
Contributions and grants received
$1,815
Grants paid
$55,135
Program service revenue
$0
Investment income
$10,562
Other revenue
$0
Total assets, end of year
$3,062,328
Total liabilities, end of year
$730,000
Net assets or fund balances, end of year
$2,332,328
Program services expenses (Part IX)
$59,054
Management and general expenses
$11,793
Fundraising expenses
$0
Program service expenses (Part III)
$59,054

Program services were 83.4% 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.

  • 1f · All other contributions, gifts and grants

    $1,815

  • 3 · Investment income

    total $10,562 · excluded $10,562

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $55,135 · program services $55,135

  • 11f · Fees: investment management

    total $9,699 · management and general $9,699

  • 13 · Office expenses

    total $2,094 · management and general $2,094

  • 24a · Other expenses: MISCELLANEOUS

    total $3,919 · program services $3,919

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,234,154 · end of year $2,515,577

  • 4 · Accounts receivable

    end of year $546,751

  • 25 · Other liabilities

    beginning of year $0 · end of year $730,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,234,154 · end of year $2,332,328

Mission and programs · 2022

Mission

SUPPORT THE EDUCATION OF URBAN YOUTH AND TO PROVIDE RESOURCES TO INSTITUTIONS DEDICATED TO HELPING URBAN YOUTH TO DEVELOP THE INTELLECTUAL COMPETENCE AND VALUES NECESSARY TO LIVE PRODUCTIVE LIVES FILLED WITH OPTIONS AND CHOICE.

  • SUPPORT THE EDUCATION OF URBAN YOUTH AND TO PROVIDE RESOURCES TO INSTITUTIONS DEDICATED TO HELPING URBAN YOUTH TO DEVELOP THE INTELLECTUAL COMPETENCE AND VALUES NECESSARY TO LIVE PRODUCTIVE LIVES FILLED WITH OPTIONS AND CHOICE.

    Expenses $59,054 · Grants $55,135

As filed on the 2022 return.

Listed in Part VII

  • Amy Jo Curran

    DIRECTOR OF ADVOCACY/CHAIR

    Total calculated
    $0
    Hours/week
    40

  • Tai Beauchamp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Benilde Little

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Samantha Pugh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2024
IRS schema version
2022v5.0
Source object
202413179349308061

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