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Nonprofiteer
← VICTOR CRUZ FOUNDATION INC

Form 990 for tax year 2023

Filed by VICTOR CRUZ FOUNDATION INC.

Totals

Total revenue
$78,025
Total expenses
$71,633
Contributions and grants received
$66,803
Grants paid
$15,000
Program service revenue
$0
Investment income
$11,222
Other revenue
$0
Total assets, end of year
$602,924
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$602,924
Program services expenses (Part IX)
$57,611
Management and general expenses
$14,022
Fundraising expenses
$0
Program service expenses (Part III)
$57,611

Program services were 80.4% 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

    $66,803

  • 3 · Investment income

    total $6,870 · excluded $6,870

  • 7a · Gross sales of assets other than inventory

    securities $46,707

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

    securities $42,355

  • 7c · Gain or loss

    securities $4,352

  • 7d · Net gain or loss

    total $4,352 · excluded $4,352

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,000 · program services $15,000

  • 6 · Compensation of disqualified persons

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

  • 10 · Payroll taxes

    total $2,845 · program services $2,560 · management and general $285

  • 11b · Fees: legal

    total $235 · management and general $235

  • 11c · Fees: accounting

    total $5,491 · management and general $5,491

  • 11f · Fees: investment management

    total $4,064 · management and general $4,064

  • 13 · Office expenses

    total $3,054 · program services $2,122 · management and general $932

  • 17 · Travel

    total $50 · program services $35 · management and general $15

  • 24a · Other expenses: PROGRAM EVENT EXPENSES

    total $10,894 · program services $10,894 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $227,294 · end of year $226,551

  • 2 · Savings and temporary cash investments

    beginning of year $88,308 · end of year $26,254

  • 11 · Investments: publicly traded securities

    beginning of year $241,463 · end of year $350,119

  • 27 · Net assets without donor restrictions

    beginning of year $557,065 · end of year $602,924

Mission and programs · 2023

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 2023, THE VICTOR CRUZ FOUNDATION PARTNERED WITH JP MORGAN CHASE TO LAUNCH A FINANCIAL LITERACY COURSE AT THE STEAM HIGH SCHOOL IN PATERSON, NJ. THE CURRICULUM IS DERIVED FROM J.P. MORGAN'S INVESTING 101 CONTENT, AS WELL AS COVERING PLANNING FUNDAMENTALS, BUDGETING, AND INVESTING BUILDING B BLOCKS. THE BI-WEEKY SESSION IS LED BY LOCAL J.P. MORGAN TEAM MEMBERS, SPANS OVER4 MONTHS IN THE SPRING AND FALL, AND HAS SERVED OVER 100 JUNIORS AND SENIORS. SEPARATELY, A SMALL GROUP OF PROMISING STUDENTS FROM THE HIGH SCHOOL RECEIVED AN EXCLUSIVE LOOK INTO NEWS 12'S NEWSROOMS WHERE THEY RECEIVED INSIGHT FROM THE PRODUCERS AND ENGINEERS. THEY ALSO MET WITH NEWS ANCHORS WHO EDUCATED THEM ON THE EQUIPMENTS AND NEWS ROLL OUTS.THE VICTOR CRUZ FOUNDATION ADDITIONALLY CONTINUED ITS ANNUAL HOLIDAY GIVE BACK EFFORTS, DONATING A FINANCIAL AND LARGE COAT DONATION TO EVA'S VILLAGE AND A SHOPPING SPREE FOR 25 PATERSON YOUTH AT FOOT LOCKER'S NYC FLAGSHIP STORE.

    Expenses $57,611 · Grants $15,000

As filed on the 2023 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
2023
Filed
10 June 2024
IRS schema version
2023v5.0
Source object
202441629349301404

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