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← FRIENDS OF PHILIPS NEWARK INC

Form 990 for tax year 2023

Filed by FRIENDS OF PHILIPS NEWARK INC.

Totals

Total revenue
$99,049
Total expenses
$1,020,683
Contributions and grants received
$88,270
Grants paid
$180,424
Program service revenue
$0
Investment income
$10,779
Other revenue
$0
Total assets, end of year
$14,715,303
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$14,715,303
Program services expenses (Part IX)
$926,719
Management and general expenses
$93,964
Fundraising expenses
$0
Program service expenses (Part III)
$926,719

Program services were 90.8% 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

    $88,270

  • 3 · Investment income

    total $10,779 · excluded $10,779

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $172,424 · program services $172,424

  • 2 · Grants to domestic individuals

    total $8,000 · program services $8,000

  • 11b · Fees: legal

    total $74,528 · management and general $74,528

  • 11c · Fees: accounting

    total $839 · management and general $839

  • 11f · Fees: investment management

    total $5,836 · management and general $5,836

  • 11g · Fees: other

    total $193,774 · program services $193,774

  • 13 · Office expenses

    total $3,435 · program services $299 · management and general $3,136

  • 22 · Depreciation, depletion and amortization

    total $534,485 · program services $534,485

  • 24a · Other expenses: MISCELLANEOUS

    total $27,362 · program services $17,737 · management and general $9,625

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,515,577 · end of year $376,229

  • 4 · Accounts receivable

    beginning of year $546,751

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

    $23,612,333

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

    $10,578,746

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $13,033,587

  • 11 · Investments: publicly traded securities

    end of year $1,305,487

  • 25 · Other liabilities

    beginning of year $730,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,332,328 · end of year $13,409,816

  • 28 · Net assets with donor restrictions

    end of year $1,305,487

Mission and programs · 2023

Mission

SUPPORT THE EDUCATION OF URBAN YOUTH AND TO PROVIDE RESOURCES TO INSTITUTIONS DEDICATED TO HELPING URBAN YOUTH TO DEVELOP THE INTELLECTUAL COMPETENCE AND VALUES NECESSARY TO LIVE PRODUCTIVE LIVES FILLED WITH OPTIONS AND CHOICE.

  • SUPPORT THE EDUCATION OF URBAN YOUTH AND TO PROVIDE RESOURCES TO INSTITUTIONS DEDICATED TO HELPING URBAN YOUTH TO DEVELOP THE INTELLECTUAL COMPETENCE AND VALUES NECESSARY TO LIVE PRODUCTIVE LIVES FILLED WITH OPTIONS AND CHOICE.

    Expenses $926,719 · Grants $180,424

As filed on the 2023 return.

Listed in Part VII

  • Amy Jo Curran

    DIRECTOR OF ADVOCACY/CHAIR

    Total calculated
    $99,061
    From this org
    $0
    From related orgs
    $92,229
    Other
    $6,832
    Hours/week
    40

  • Tai Beauchamp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Benilde Little

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Samantha Pugh

    TRUSTEE

    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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
1 May 2025
IRS schema version
2023v6.0
Source object
202521229349300517

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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