Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $253,695

• 1f · All other contributions, gifts and grants

  $5,369,169

• 1g · Noncash contributions included above

  $41,416

• 3 · Investment income

  total $114,415 · excluded $114,415

• 7a · Gross sales of assets other than inventory

  securities $2,074,723

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

  securities $2,066,343

• 7c · Gain or loss

  securities $8,380

• 7d · Net gain or loss

  total $8,380 · excluded $8,380

• 8a · Fundraising events: gross income

  $26,301

• 8a · Fundraising events: contributions included on line 1c

  $253,695

• 8b · Fundraising events: direct expenses

  $66,079

• 8c · Net income from fundraising events

  total -$39,778 · excluded -$39,778

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $29,330 · excluded $29,330

• 11e · Other revenue, total

  $29,330

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $436,809 · program services $222,076 · management and general $83,690 · fundraising $131,043

• 7 · Other salaries and wages

  total $1,344,760 · program services $1,095,650 · management and general $115,910 · fundraising $133,200

• 8 · Pension plan contributions

  total $19,709 · program services $14,641 · management and general $341 · fundraising $4,727

• 9 · Other employee benefits

  total $476,716 · program services $43,548 · management and general $424,369 · fundraising $8,799

• 10 · Payroll taxes

  total $149,887 · program services $109,847 · management and general $19,182 · fundraising $20,858

• 11c · Fees: accounting

  total $235,960 · management and general $235,960

• 11g · Fees: other

  total $1,265,141 · program services $1,212,604 · management and general $52,457 · fundraising $80

• 12 · Advertising and promotion

  total $350 · fundraising $350

• 13 · Office expenses

  total $186,321 · program services $118,100 · management and general $59,901 · fundraising $8,320

• 14 · Information technology

  total $137,359 · program services $12,472 · management and general $119,319 · fundraising $5,568

• 16 · Occupancy

  total $262,099 · program services $139,826 · management and general $122,031 · fundraising $242

• 17 · Travel

  total $232,325 · program services $132,778 · management and general $73,368 · fundraising $26,179

• 22 · Depreciation, depletion and amortization

  total $166,615 · management and general $166,615

• 23 · Insurance

  total $9,633 · program services $7,615 · management and general $2,018

• 24a · Other expenses: TUITION/EDUCATIONAL PRO

  total $159,422 · program services $148,226 · management and general $10,484 · fundraising $712

• 24b · Other expenses: REPAIR & MAINTENANCE

  total $104,731 · program services $36,715 · management and general $68,016

• 24c · Other expenses: TEXTBOOKS AND REFERENCE

  total $73,775 · program services $72,624 · management and general $1,151

• 24d · Other expenses: MISCELLANEOUS EXPENSES

  total $3,633 · management and general $3,633

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $622,214 · end of year $410,031

• 2 · Savings and temporary cash investments

  beginning of year $528,214 · end of year $265,478

• 3 · Pledges and grants receivable

  beginning of year $650,976 · end of year $2,482,740

• 9 · Prepaid expenses and deferred charges

  beginning of year $89,201 · end of year $131,389

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

  $4,066,641

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

  $581,030

• 10c · Land, buildings and equipment, net

  beginning of year $3,475,957 · end of year $3,485,611

• 11 · Investments: publicly traded securities

  beginning of year $2,491,942 · end of year $1,692,688

• 15 · Other assets

  beginning of year $115,479 · end of year $88,949

• 17 · Accounts payable and accrued expenses

  beginning of year $670,591 · end of year $754,306

• 24 · Unsecured notes and loans payable

  beginning of year $500,000 · end of year $500,000

• 25 · Other liabilities

  beginning of year $121,376 · end of year $94,848

• 27 · Net assets without donor restrictions

  beginning of year $4,615,669 · end of year $3,870,143

• 28 · Net assets with donor restrictions

  beginning of year $2,066,347 · end of year $3,337,589

The filer's explanations (Part III)

PART I, LINE 1A

THE TRAVEL EXPENSES FOR THE DEPENDENT AND CARETAKER ACCOMPANYING THE EXECUTIVE DIRECTOR WERE NECESSARY FOR THE EXECUTIVE DIRECTOR TO ATTEND A REQUIRED BUSINESS MEETING. THESE EXPENSES WERE REVIEWED AND APPROVED BY THE ORGANIZATION TO ENSURE THEY WERE REASONABLE, FOR BUSINESS PURPOSES, AND PROPERLY DOCUMENTED. THE BENEFIT WAS TREATED AS NONTAXABLE COMPENSATION.

PART I, LINE 7

EMPLOYEES OF THE ORGANIZATION RECEIVED A BOARD DISCRETIONARY PERFORMANCE BONUS IN THEIR 2024 W-2 AS REPORTED IN PART II, COLUMN (B)(II).

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• HL NEW BEGINNINGS LLC

  TO PROMOTE HIGHER EDUCATION AND TRAINING FOR INMATES · NY · income $225,075 · assets $2,830,958

  Directly controlled by HUDSON LINK FOR HIGHER EDUCATION IN PRISON INC

• 83 MAIN STREET OSSINING LLC

  HOUSING AND HELP PREPARING INMATES FOR REENTERING SOCIETY · NY · income $0 · assets $0

  Directly controlled by HL NEW BEGINNINGS LLC

• 37 STATE STREET OSSINING LLC

  HOUSING AND HELP PREPARING INMATES FOR REENTERING SOCIETY · NY · income $0 · assets $0

  Directly controlled by HL NEW BEGINNINGS LLC

• 11 ACKER AVENUE OSSINING LLC

  HOUSING AND HELP PREPARING INMATES FOR REENTERING SOCIETY · NY · income $0 · assets $0

  Directly controlled by HL NEW BEGINNINGS LLC