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Nonprofiteer
← VICTOR CRUZ FOUNDATION INC

Form 990 for tax year 2022

Filed by VICTOR CRUZ FOUNDATION INC.

Totals

Total revenue
$33,071
Total expenses
$66,434
Contributions and grants received
$79,572
Grants paid
$10,000
Program service revenue
$0
Investment income
-$46,501
Other revenue
$0
Total assets, end of year
$557,065
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$557,065
Program services expenses (Part IX)
$48,190
Management and general expenses
$18,244
Fundraising expenses
$0
Program service expenses (Part III)
$48,190

Program services were 72.5% 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

    $79,572

  • 3 · Investment income

    total $6,632 · excluded $6,632

  • 7a · Gross sales of assets other than inventory

    securities $118,516

  • 7b · Less cost or other basis and sales expenses

    securities $171,649

  • 7c · Gain or loss

    securities -$53,133

  • 7d · Net gain or loss

    total -$53,133 · excluded -$53,133

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000 · program services $10,000

  • 5 · Compensation of officers, directors and key employees

    total $30,000 · program services $27,000 · management and general $3,000

  • 10 · Payroll taxes

    total $3,097 · program services $2,787 · management and general $310

  • 11b · Fees: legal

    total $235 · management and general $235

  • 11c · Fees: accounting

    total $8,750 · management and general $8,750

  • 11f · Fees: investment management

    total $4,612 · management and general $4,612

  • 13 · Office expenses

    total $3,655 · program services $2,510 · management and general $1,145

  • 14 · Information technology

    total $1,920 · program services $1,728 · management and general $192

  • 24a · Other expenses: PROGRAM EVENT EXPENSES

    total $4,165 · program services $4,165 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $209,474 · end of year $227,294

  • 2 · Savings and temporary cash investments

    beginning of year $29,161 · end of year $88,308

  • 11 · Investments: publicly traded securities

    beginning of year $401,565 · end of year $241,463

  • 27 · Net assets without donor restrictions

    beginning of year $640,200 · end of year $557,065

Mission and programs · 2022

Mission

THE VICTOR CRUZ FOUNDATION'S MISSION IS TO PROVIDE A FULL ARRAY OF SUPPORT FOR YOUTH TO ACHIEVE SUCCESS IN THE WORKFORCE AND LIFE. THE FOCUS IS ON STEAM EDUCATION (SCIENCE, TECHNOLOGY, ENGINEERING, ART AND MATH) COLLEGE PREPAREDNESS, FINANCIAL LITERACY AND LIVING A HEALTHY LIFESTYLE.

Activities or mission (Part I)

TO PROVIDE SUPPORT FOR YOUTH TO ACHIEVE SUCCESS IN THE WORKFORCE AND LIFE THROUGH STEAM EDUCATION

  • IN 2022, THE VICTOR CRUZ FOUNDATION SUPPORTED HOLIDAY COMMUNITY PROGRAMS THAT SERVED THOSE IN NEED AT EVA'S VILLAGE THROUGH BOTH A FINANCIAL AND IN-KIND DONATION, AS WELL AS A YOUTH HOLIDAY SHOPPING EXPERIENCE IN NYC, WHICH SERVED 25 YOUTH FROM PATERSON'S SCHOOL 21. THE VICTOR CRUZ FOUNDATION ALSO HELPED LAUNCH THE NEW STEAM HIGH SCHOOL IN PATERSON WHERE STUDENTS SELECT 1 OF 4 ACADEMIC PATHWAYS: ENVIRONMENTAL SUSTAINABILITY, COMPUTER SCIENCE, ENGINEERING AND MEDICAL ARTS.

    Expenses $48,190 · Grants $10,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Victor Cruz

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Paul Rivera

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lisa P Wolf

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kristin Malaspina

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nick Dietz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Troy Dixon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Briana Thevenin

    EXECUTIVE DIRECTOR

    Total calculated
    $30,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2022
Filed
18 August 2023
IRS schema version
2022v5.0
Source object
202302309349300800

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