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← HEARTSHARE EDUCATION CENTER

Form 990 for tax year 2024

Filed by HEARTSHARE EDUCATION CENTER.

Totals

Total revenue
$5,338,619
Total expenses
$5,190,271
Contributions and grants received
$156,269
Grants paid
$0
Program service revenue
$5,171,305
Investment income
$0
Other revenue
$11,045
Total assets, end of year
$1,967,313
Total liabilities, end of year
$3,451,918
Net assets or fund balances, end of year
-$1,484,605
Program services expenses (Part IX)
$4,683,392
Management and general expenses
$506,879
Fundraising expenses
$0
Program service expenses (Part III)
$4,683,392

Program services were 90.2% 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)

    $144,853

  • 1f · All other contributions, gifts and grants

    $11,416

  • 2a · Program service revenue: FEES FROM GOVERNMENT AGENCIES

    total $5,171,305 · related or exempt $5,171,305 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: WORKER'S COMP. REFUND

    total $11,045 · related or exempt $0 · unrelated business $0 · excluded $11,045

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $11,045

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $3,053,165 · program services $3,053,165 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $66,966 · program services $66,966 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $359,441 · program services $359,441 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $345,416 · program services $345,416 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $506,879 · program services $0 · management and general $506,879 · fundraising $0

  • 11b · Fees: legal

    total $15,273 · program services $15,273 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $37,894 · program services $37,894 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $67,549 · program services $67,549 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $563,780 · program services $563,780 · management and general $0 · fundraising $0

  • 17 · Travel

    total $1,279 · program services $1,279 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $27,116 · program services $27,116 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $107,752 · program services $107,752 · management and general $0 · fundraising $0

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $19,335 · program services $19,335 · management and general $0 · fundraising $0

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $12,363 · program services $12,363 · management and general $0 · fundraising $0

  • 24c · Other expenses: CAMP FEES

    total $5,411 · program services $5,411 · management and general $0 · fundraising $0

  • 24d · Other expenses: MEDICAL SUPPLIES

    total $652 · program services $652 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $247,079 · end of year $504,508

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $72,045 · end of year $11,257

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

    $818,412

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

    $710,036

  • 10c · Land, buildings and equipment, net

    beginning of year $113,417 · end of year $108,376

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $922,092 · end of year $1,343,172

  • 17 · Accounts payable and accrued expenses

    beginning of year $506,282 · end of year $388,162

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $2,481,304 · end of year $3,063,756

  • 27 · Net assets without donor restrictions

    beginning of year -$1,632,953 · end of year -$1,484,605

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

(SEE ON SCHEDULE O)

Activities or mission (Part I)

TO EDUCATE AND SUPPORT, WITH DIGNITY AND RESPECT, CHILDREN, ADOLESCENTS AND YOUNG ADULTS ON THE AUTISM SPECTRUM IN ORDER TO EXPAND OPPORTUNITIES AND ENHANCE LIVES.

  • THE HEARTSHARE SCHOOL SERVED OVER 75 STUDENTS, PROVIDING EDUCATION AND RELATED SERVICES SUCH AS SPEECH AND LANGUAGE THERAPY, PHYSICAL AND OCCUPATIONAL THERAPIES. STUDENTS ALSO PARTICIPATED IN FIELD TRIPS IN THE COMMUNITY, A RECYCLING PROGRAM, A SCIENCE FAIR, AND VARIOUS AUTISM AWARENESS MONTH ACTIVITIES.

    Expenses $4,683,392 · Revenue $5,171,305

As filed on the 2024 return.

Listed in Part VII

  • Brooke Rosenthal

    TREASURER AS OF 12/2024 / DEPUTY ED/CPO - HSVS

    Total calculated
    $325,199
    From this org
    $0
    From related orgs
    $298,985
    Other
    $26,214
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $248,985 related
    Bonus
    $0 + $50,000 related
    Other
    $0
    Deferred
    $0 + $26,214 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $325,199 related

  • Craig A Ratigan

    TREASURER THRU 9/2024

    Total calculated
    $0
    Hours/week
    0.5

  • Donna Melli-Stryczek

    SECRETARY THRU 9/2024

    Total calculated
    $0
    Hours/week
    0.5

  • Evelyn Alvarez-Richards

    SECRETARY AS OF 12/2024 / CPO - HSHS, HSW

    Total calculated
    $308,921
    From this org
    $0
    From related orgs
    $259,866
    Other
    $49,055
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $254,924 related
    Bonus
    $0
    Other
    $0 + $4,942 related
    Deferred
    $0 + $26,631 related
    Nontaxable benefits
    $0 + $22,424 related
    Filer's total
    $0 + $308,921 related

  • Frank J Maresca

    CHAIRPERSON AS OF 12/2024

    Total calculated
    $0
    Hours/week
    0.5 + 0.7 related

  • Kate Piccard

    VICE CHAIR AS OF 12/2024

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Rev Michael L Gelfant

    CHAIRPERSON THRU 08/2024

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Jill Nicolois

    BOARD MEMBER THRU 9/2024

    Total calculated
    $0
    Hours/week
    0.5

  • Vincent Iannelli

    BOARD MEMBER THRU 8/2024

    Total calculated
    $0
    Hours/week
    0.5

  • Vivian Attanasio

    BOARD MEMBER AS OF 12/2024 / SVP OF OPERATIONS - HSHS

    Total calculated
    $181,530
    From this org
    $0
    From related orgs
    $166,017
    Other
    $15,513
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,604 related
    Bonus
    $0 + $8,000 related
    Other
    $0 + $1,413 related
    Deferred
    $0 + $4,261 related
    Nontaxable benefits
    $0 + $11,252 related
    Filer's total
    $0 + $181,530 related

  • Dawn W Valentine-Saffayeh

    EXECUTIVE DIRECTOR / PRESIDENT & CEO - HSHS, HSVS, HEC, HSW

    Total calculated
    $571,800
    From this org
    $0
    From related orgs
    $511,564
    Other
    $60,236
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $401,564 related
    Bonus
    $0 + $110,000 related
    Other
    $0
    Deferred
    $0 + $26,600 related
    Nontaxable benefits
    $0 + $33,636 related
    Filer's total
    $0 + $571,800 related

  • Giannina Cory

    DIRECTOR OF EDUCATION

    Total calculated
    $119,017
    From this org
    $105,258
    From related orgs
    $0
    Other
    $13,759
    Hours/week
    37.5

  • Jodi Vitale

    TEACHER-ADAPTIVE PHYS ED

    Total calculated
    $118,871
    From this org
    $104,464
    From related orgs
    $0
    Other
    $14,407
    Hours/week
    37.5

  • Kerri E Vasquez

    SPEECH PATHOLOGIST

    Total calculated
    $115,859
    From this org
    $101,392
    From related orgs
    $0
    Other
    $14,467
    Hours/week
    37.5

  • Sharon A Toledo

    DIRECTOR OF EDUCATION

    Total calculated
    $144,783
    From this org
    $119,805
    From related orgs
    $0
    Other
    $24,978
    Hours/week
    37.5

  • Carol Ann Verdi

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $208,633
    From this org
    $21,341
    From related orgs
    $177,453
    Other
    $9,839
    Hours/week
    7 + 28 related

    Schedule J breakdown matched by us

    Base
    $21,341 + $90,646 related
    Bonus
    $0
    Other
    $0 + $86,807 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,839 related
    Filer's total
    $21,341 + $187,292 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE TOP MANAGEMENT OFFICIAL'S COMPENSATION WAS PAID BY A RELATED 501(C)(3) ORGANIZATION WHICH USED ONE OR MORE OF THE METHODS LISTED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION.
Schedule J, Part I, Line 4a Severance or change-of-control payment
CAROL ANN VERDI, EXECUTIVE DIRECTOR RECEIVED A SEVERANCE PAYMENT OF $80,184 DURING THE YEAR ENDED DECEMBER 31, 2024 AS REPORTED ON PART II, COLUMN BIII.
Schedule J, Part I, Line 7 Non-fixed payments
THE COMPENSATION COMMITTEE MAINTAINS AN INCENTIVE COMPENSATION ARRANGEMENT PURSUANT TO WHICH INCENTIVE COMPENSATION TO EXECUTIVES IS PAID BASED ON INDIVIDUAL AND ORGANIZATIONAL PERFORMANCE. THE COMMITTEE'S PROCEDURES ARE DISCUSSED IN SCHEDULE O. INCENTIVE PAYMENTS ARE REFLECTED IN SCH J, PART II, COLUMN B(II).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • HSVS ALEMBIC MANAGER LLC

    N/A · MANAGING COMPANY · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by HSVS Clarkson Inc

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HEARTSHARE PRODUCTIONS LTD

    C Corporation · FILM PRODUCTION · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by HHS

  • HSVS CLARKSON HOUSING DEVELOPMENT FUND CORPORATION

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by HSVS HC

  • HSVS CLARKSON INC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by HSVS HC

Provenance

Return type
form_990
Tax year
2024
Filed
4 May 2026
IRS schema version
2024v5.1
Source object
202601249349300430

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