Totals
- Total revenue
- $2,176,115
- Total expenses
- $2,475,136
- Contributions and grants received
- $2,158,936
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $17,179
- Other revenue
- $0
- Total assets, end of year
- $1,049,612
- Total liabilities, end of year
- $911,443
- Net assets or fund balances, end of year
- $138,169
- Program services expenses (Part IX)
- $1,373,683
- Management and general expenses
- $929,960
- Fundraising expenses
- $171,493
- Program service expenses (Part III)
- $1,373,683
Program services were 55.5% 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.
-
1c · Fundraising events
$251,750
-
1e · Government grants (contributions)
$1,845,572
-
1f · All other contributions, gifts and grants
$61,614
-
3 · Investment income
total $17,179 · unrelated business $0 · excluded $0
-
8a · Fundraising events: contributions included on line 1c
$251,750
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $1,318,307 · program services $1,000,409 · management and general $317,898 · fundraising $0
-
11b · Fees: legal
total $101,620 · program services $0 · management and general $101,620 · fundraising $0
-
12 · Advertising and promotion
total $47,441 · program services $0 · management and general $47,441 · fundraising $0
-
13 · Office expenses
total $9,837 · program services $5,748 · management and general $4,089 · fundraising $0
-
16 · Occupancy
total $113,426 · program services $78,621 · management and general $34,805 · fundraising $0
-
17 · Travel
total $18,756 · program services $0 · management and general $18,756 · fundraising $0
-
19 · Conferences, conventions and meetings
total $35,550 · program services $2,800 · management and general $32,750 · fundraising $0
-
20 · Interest
total $19,653 · program services $0 · management and general $19,653 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $23,710 · program services $0 · management and general $23,710 · fundraising $0
-
23 · Insurance
total $102,766 · program services $0 · management and general $102,766 · fundraising $0
-
24a · Other expenses: LICENSES AND PERMITS
total $524 · program services $0 · management and general $524 · fundraising $0
-
24b · Other expenses: MEALS
total $51,705 · program services $0 · management and general $51,705 · fundraising $0
-
24c · Other expenses: BANK CHARGES AND MERCHANT FEES
total $13,873 · program services $0 · management and general $13,873 · fundraising $0
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $16,414 · program services $0 · management and general $16,414 · fundraising $0
-
24e · All other expenses
total $601,554 · program services $286,105 · management and general $143,956 · fundraising $171,493
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $610,925 · end of year $570,291
-
3 · Pledges and grants receivable
beginning of year $89,791 · end of year $85,157
-
9 · Prepaid expenses and deferred charges
beginning of year $8,648 · end of year $8,648
-
10a · Land, buildings and equipment: cost or other basis
$156,028
-
10b · Land, buildings and equipment: accumulated depreciation
$61,005
-
10c · Land, buildings and equipment, net
beginning of year $118,733 · end of year $95,023
-
15 · Other assets
beginning of year $215,403 · end of year $290,493
-
17 · Accounts payable and accrued expenses
beginning of year $78,299 · end of year $143,129
-
23 · Secured mortgages and notes payable
beginning of year $528,011 · end of year $500,000
-
25 · Other liabilities
end of year $268,314
-
27 · Net assets without donor restrictions
beginning of year $437,190 · end of year $138,169
-
28 · Net assets with donor restrictions
beginning of year $0
Mission and programs · 2023
Mission
TO INSPIRE AND EMPOWER YOUTH BY PROMOTING LITERACY, HEALTH, AND THE STEM (SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH)CONCEPT WHILE PROVIDING YOUTH WITH EDUCATIONAL OPPORTUNITIES
-
EDUCATIONAL AND COMMUNITY PROGRAMS ARE A COLLABORATION BETWEEN MARGATE MIDDLE SCHOOL AND THE FOUNDATION. THE PROGRAMS ARE PROVEN TO INCREASE HIGH SCHOOL GRADUATION BY 90%. THE GOAL IS TO IMPROVE READING AND INCREASE FSA TEST SCORES. THE PROGRAM RANGES FROM 6TH TO 8TH GRADERS THAT ALL PERFORM ON DIFFERENT LEVELS. THE USE OF COMMON CORE ASSESSMENT WORKBOOKS FOR EACH STUDENT IS ESSENTIAL IN COMPLETION OF THE PROGRAMS.
Expenses $1,373,683 · Revenue $2,176,115
-
IHEALTH AND HEALTH FESTIVAL IS A COMMUNITY OUTREACH PROGRAM TO PROVIDE FREE MEDICAL EXAMS, IMMUNIZATIONS, AND TO PROMOTE OVERALL HEALTH AWARENESS THROUGHOUT THE COMMUNITY.
-
SIPS AND SAKES IS A COMMUNITY GATHERING OF SIGNIFICANT COMMUNITY RESPRESENTATIVES AND MEMBERS TO BRING AWARENESS TO THE FOUNDATION AND TO RAISE MONEY TO SUPPORT THE STUDENTS AND YOUTH INVOLVED WITH MANY OF THE FOUDNATIONS ANNUAL PROGRAMS.
As filed on the 2023 return.
Listed in Part VII
-
Henri CrockettHENRI CROCKETT
PRESIDENT
- Total calculated
- $0
- Hours/week
- 40
-
Zachary CrockettZACHARY CROCKETT
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 20
-
Kevin PropheteKEVIN PROPHETE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 10
-
Staci CrossSTACI CROSS
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Benjamin J BiardBENJAMIN J BIARD
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Michele StockerMICHELE STOCKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Eric MunozERIC MUNOZ
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Jennifer Saint LouisDR JENNIFER SAINT LOUIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Marc SpotoMARC SPOTO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Antonio ColeyANTONIO COLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Cristal ColeCRISTAL COLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Rich DucharmeRICH DUCHARME
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
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
- 7 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412889349300126
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