Totals
- Total revenue
- $742,242
- Total expenses
- $635,791
- Contributions and grants received
- $546,592
- Grants paid
- $140,022
- Program service revenue
- $0
- Investment income
- $669
- Other revenue
- $194,981
- Total assets, end of year
- $427,457
- Total liabilities, end of year
- $22,243
- Net assets or fund balances, end of year
- $405,214
- Program services expenses (Part IX)
- $438,990
- Management and general expenses
- $97,098
- Fundraising expenses
- $99,703
- Program service expenses (Part III)
- $438,990
Program services were 69.0% 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.
-
1e · Government grants (contributions)
$82,130
-
1f · All other contributions, gifts and grants
$464,462
-
3 · Investment income
total $669 · excluded $669
-
8a · Fundraising events: gross income
$292,798
-
8b · Fundraising events: direct expenses
$97,817
-
8c · Net income from fundraising events
total $194,981 · excluded $194,981
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $140,022 · program services $140,022
-
5 · Compensation of officers, directors and key employees
total $63,488 · program services $15,872 · management and general $15,872 · fundraising $31,744
-
7 · Other salaries and wages
total $114,335 · program services $83,890 · management and general $5,079 · fundraising $25,366
-
10 · Payroll taxes
total $25,675 · program services $14,404 · management and general $3,025 · fundraising $8,246
-
11c · Fees: accounting
total $8,519 · management and general $8,519
-
11e · Fees: professional fundraising services
total $1,336 · fundraising $1,336
-
11g · Fees: other
total $118,319 · program services $68,058 · management and general $36,899 · fundraising $13,362
-
12 · Advertising and promotion
total $3,073 · management and general $3,073
-
13 · Office expenses
total $19,276 · management and general $9,322 · fundraising $9,954
-
14 · Information technology
total $3,756 · management and general $3,756
-
23 · Insurance
total $5,545 · program services $1,848 · management and general $1,848 · fundraising $1,849
-
24a · Other expenses: WORKSHOPS
total $99,277 · program services $99,277
-
24b · Other expenses: OTHER PROGRAM COSTS
total $10,230 · program services $10,230
-
24c · Other expenses: TRAVEL AND MEETINGS
total $22,940 · program services $5,389 · management and general $9,705 · fundraising $7,846
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $290,712 · end of year $166,377
-
2 · Savings and temporary cash investments
end of year $250,669
-
9 · Prepaid expenses and deferred charges
beginning of year $38,153 · end of year $10,411
-
17 · Accounts payable and accrued expenses
beginning of year $4,000 · end of year $11,893
-
19 · Deferred revenue
beginning of year $26,102 · end of year $10,350
-
27 · Net assets without donor restrictions
beginning of year $298,763 · end of year $405,214
Mission and programs · 2023
Mission
CFO ENRICHES THE LIVES OF NYC CHILDREN IN FOSTER CARE THROUGH THE TRANSFORMATIVE POWER OF THE ARTS. BY NURTURING THEIR TALENTS AND INTERESTS, WE EMPOWER CHILDREN TO ENVISION BRIGHTER FUTURES AND PURSUE THEIR FULL POTENTIAL.
-
THE ORGANIZATION PROVIDES FREE, HIGH-QUALITY OPPORTUNITIES TO INSPIRE THEIR CREATIVITY, STIMULATE THEIR INTELLECT AND INTRODUCE THEM TO BROADER POSSIBILITIES FOR THEIR FUTURE. THE ORGANIZATION USES CULTURAL EXCURSIONS, CREATIVE WORKSHOPS, ART SCHOLARSHIPS, TAKE HOME ART PROJECTS AND ONE-TO-ONE MENTORING TO NURTURE BIG DREAMS AND ENCOURANGE HIGHER EDUCATION AND CAREER PLANNING. THROUGH EXPOSURE TO THE ARTS AND POSITIVE ROLE MODELS, THE ORGANIZATION HELPS THESE VULNERABLE YOUTH BUILD CONFIDENCE, ACQUIRE LIFE SKILLS, IDENTIFY NEW INTERESTS AND IMPROVE THEIR ACADEMIC PERFORMANCE.
Expenses $438,990 · Grants $140,022
As filed on the 2023 return.
Listed in Part VII
-
Susan KasarskySUSAN KASARSKY
EXECUTIVE DIRECTOR
- Total calculated
- $62,151
- From this org
- $62,151
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
-
Tashi SarhanTASHI SARHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eleanor HenryELEANOR HENRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Suzanne TobakSUZANNE TOBAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matthew PerlmanMATTHEW PERLMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Travis SchwerinTRAVIS SCHWERIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Suzanne SousaSUZANNE SOUSA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stacey CohenSTACEY COHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Sumiko KanazawaSUMIKO KANAZAWA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nigel CampbellNIGEL CAMPBELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bethany BrichtaBETHANY BRICHTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eileen ScheinEILEEN SCHEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Harold KodaHAROLD KODA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Mara KaneMARA KANE
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Nancy ChiltonNANCY CHILTON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Daryl DyerDARYL DYER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
James JonesJAMES JONES
TREASURER
- Total calculated
- $0
- Hours/week
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v6.0
- Source object
- 202510799349302061
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