Skip to content
Nonprofiteer
← TOMORROW'S HOPE FOUNDATION INC

Form 990 for tax year 2022

Filed by TOMORROW'S HOPE FOUNDATION INC.

Totals

Total revenue
$89,739
Total expenses
$130,744
Contributions and grants received
$0
Grants paid
$111,000
Program service revenue
$0
Investment income
$60,343
Other revenue
$29,396
Total assets, end of year
$677,726
Total liabilities, end of year
$17,445
Net assets or fund balances, end of year
$660,281
Program services expenses (Part IX)
$111,000
Management and general expenses
$19,744
Fundraising expenses
$0
Program service expenses (Part III)
$111,000

Program services were 84.9% 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.

  • 3 · Investment income

    total $15,816 · excluded $15,816

  • 7a · Gross sales of assets other than inventory

    securities $44,527

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

    securities $0

  • 7c · Gain or loss

    securities $44,527

  • 7d · Net gain or loss

    total $44,527 · excluded $44,527

  • 11a · Other revenue: OTHER REVENUE

    total $29,396 · excluded $29,396

  • 11e · Other revenue, total

    $29,396

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $111,000 · program services $111,000

  • 11b · Fees: legal

    total $6,358 · management and general $6,358

  • 11f · Fees: investment management

    total $3,171 · management and general $3,171

  • 11g · Fees: other

    total $2,240 · management and general $2,240

  • 13 · Office expenses

    total $2,277 · management and general $2,277

  • 14 · Information technology

    total $2,430 · management and general $2,430

  • 22 · Depreciation, depletion and amortization

    total $3,101 · management and general $3,101

  • 24a · Other expenses: DUES & FEES

    total $167 · management and general $167

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $58,020 · end of year $48,041

  • 2 · Savings and temporary cash investments

    beginning of year $14,100 · end of year $22,357

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,308 · end of year $657

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

    $16,552

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

    $11,901

  • 10c · Land, buildings and equipment, net

    beginning of year $7,753 · end of year $4,651

  • 12 · Investments: other securities

    beginning of year $810,046 · end of year $602,020

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,427 · end of year $6,595

  • 25 · Other liabilities

    beginning of year $2,941 · end of year $10,850

  • 27 · Net assets without donor restrictions

    beginning of year $156,090 · end of year $58,261

  • 28 · Net assets with donor restrictions

    beginning of year $698,769 · end of year $602,020

Mission and programs · 2022

Mission

TO ENSURE THE EXCELLENCE AS WELL AS THE CONTINUANCE OF CATHOLIC SCHOOLS ON LONG ISLAND BY INCREASING AWARENESS AND BY PROVIDING SCHOLARSHIPS AND PROGRAM FUNDING FOR THE NEEDS OF STUDENTS AND SCHOOLS.

  • TO ENSURE EXCELLENCE AND CONTINUANCE OF CATHOLIC ELEMENTARY EDUCATION ON LONG ISLAND.

    Expenses $111,000 · Grants $111,000

As filed on the 2022 return.

Listed in Part VII

  • Lewis S Ranieri

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Frank D Liantonio

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Christopher Tully

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Richard Conniff

    VICE CHAIR/TREASURER

    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.

  • DIOCESE OF ROCKVILLE CENTRE

    501(C)(3) · ROMAN CATHOLIC DIOCESE OF ROCKVILLE CENTRE · NY

Provenance

Return type
form_990
Tax year
2022
Filed
17 August 2023
IRS schema version
2022v5.0
Source object
202302309349300225

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

The source document this was parsed from is served over the API, which is where bulk and document access live.