What the amendment changed
Compared with the return it replaced , filed 7 March 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
- Total revenue
- $346,733 changed to $578,026
- Total expenses
- $37,756 changed to $431,840
- Contributions and grants received
- $346,733 changed to $578,026
- Total assets, end of year
- $317,682 changed to $469,649
- Total liabilities, end of year
- $8,705 changed to $14,486
- Net assets or fund balances, end of year
- $308,977 changed to $455,163
- Program services expenses
- $35,699 changed to $375,601
- Management and general expenses
- $2,057 changed to $46,230
- Fundraising expenses
- $0 changed to $10,009
- Program service expenses (Part III)
- $35,699 changed to $375,601
Listed only on the earlier return
- Bella GribovBELLA GRIBOV
Listed under a different title
- John OkhiuluJOHN OKHIULU: BOARD MEMBER then SECRETARY AND TREASURER
Totals
- Total revenue
- $578,026
- Total expenses
- $431,840
- Contributions and grants received
- $578,026
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $469,649
- Total liabilities, end of year
- $14,486
- Net assets or fund balances, end of year
- $455,163
- Program services expenses (Part IX)
- $375,601
- Management and general expenses
- $46,230
- Fundraising expenses
- $10,009
- Program service expenses (Part III)
- $375,601
Program services were 87.0% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$578,026
-
1g · Noncash contributions included above
$0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $75,420 · program services $71,156 · management and general $2,363 · fundraising $1,901
-
7 · Other salaries and wages
total $89,225 · program services $83,632 · management and general $1,730 · fundraising $3,863
-
9 · Other employee benefits
total $3,749 · program services $3,125 · management and general $312 · fundraising $312
-
10 · Payroll taxes
total $8,866 · program services $8,351 · management and general $159 · fundraising $356
-
11b · Fees: legal
total $518 · management and general $518
-
11c · Fees: accounting
total $14,120 · management and general $14,120
-
11g · Fees: other
total $132,013 · program services $124,601 · management and general $4,139 · fundraising $3,273
-
13 · Office expenses
total $48,161 · program services $47,949 · management and general $212
-
14 · Information technology
total $1,098 · program services $581 · management and general $517
-
16 · Occupancy
total $16,368 · program services $4,760 · management and general $11,608
-
17 · Travel
total $29,350 · program services $28,998 · management and general $290 · fundraising $62
-
22 · Depreciation, depletion and amortization
total $345 · management and general $345
-
23 · Insurance
total $9,882 · management and general $9,882
-
24a · Other expenses: BANK CHARGES AND PROCESSING FEES
total $1,555 · program services $1,520 · management and general $35 · fundraising $0
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $1,170 · program services $928 · management and general $0 · fundraising $242
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $167,682 · end of year $310,434
-
3 · Pledges and grants receivable
beginning of year $150,000 · end of year $150,000
-
9 · Prepaid expenses and deferred charges
end of year $4,381
-
10a · Land, buildings and equipment: cost or other basis
$5,180
-
10b · Land, buildings and equipment: accumulated depreciation
$346
-
10c · Land, buildings and equipment, net
end of year $4,834
-
17 · Accounts payable and accrued expenses
beginning of year $8,705 · end of year $14,486
-
27 · Net assets without donor restrictions
beginning of year $308,977 · end of year $455,163
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
WE AIM TO EXPAND THE IMPACT OF THE SQUARED EXPERIENCE BY FORGING NEW PARTNERSHIPS BETWEEN INCREDIBLE STUDENTS, HOST CAMPUSES, AND FINANCIAL SUPPORTERS.
-
SITE - DIRECT SERVICE OF STEM EDUCATION AND COLLEGE COUNSELING FOR FIRST-GEN LOW-INCOME STUDENTS AT OUR KENT SCHOOL SITE.
Expenses $213,440
-
GENERAL PROGRAMS - THE SQUARED NETWORK AIMS TO EXPAND A STEM AND COLLEGE ACCESS PROGRAM FOR FIRST-GENERATION AND LOW-INCOME STUDENTS. OUR "GENERAL PROGRAM" IS THE PART OF OUR COMPANY THAT FOCUSES ON EXPANSION, IDENTIFYING PARTNER SCHOOLS, RAISING FUNDS TO LAUNCH NEW PROGRAMS, AND STRATEGIZING OPERATIONS ACROSS OUR NETWORK OF PROGRAMS.
Expenses $162,161
As filed on the 2023 return.
Listed in Part VII
-
Nicholas FavaloroNICHOLAS FAVALORO
CEO
- Total calculated
- $44,388
- From this org
- $44,388
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
-
Garland LasaterGARLAND LASATER
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 6
-
Helen ObermeyerHELEN OBERMEYER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 6
-
John OkhiuluJOHN OKHIULU
SECRETARY AND TREASURER
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 29 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501199349300340
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