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Nonprofiteer
← EA FOUNDATION OF NY INC

Form 990 for tax year 2022

Filed by EA FOUNDATION OF NY INC.

Totals

Total revenue
$852,000
Total expenses
$2,255,867
Contributions and grants received
$0
Grants paid
$852,000
Program service revenue
$852,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$41,983,108
Total liabilities, end of year
$334,319
Net assets or fund balances, end of year
$41,648,789
Program services expenses (Part IX)
$1,256,076
Management and general expenses
$999,791
Fundraising expenses
$0
Program service expenses (Part III)
$1,256,076

Program services were 55.7% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $852,000 · related or exempt $852,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $852,000 · program services $852,000

  • 22 · Depreciation, depletion and amortization

    total $1,403,867 · program services $404,076 · management and general $999,791

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,545 · end of year $6,271

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

    $56,581,370

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

    $14,604,533

  • 10c · Land, buildings and equipment, net

    beginning of year $43,380,430 · end of year $41,976,837

  • 19 · Deferred revenue

    beginning of year $142,000 · end of year $142,000

  • 25 · Other liabilities

    beginning of year $192,319 · end of year $192,319

  • 27 · Net assets without donor restrictions

    beginning of year $43,052,656 · end of year $41,648,789

Mission and programs · 2022

Mission

THE FOUNDATION HOLDS TITLE TO, AND MANAGES THE PREMISES AT WHICH THE EDUCATIONAL ALLIANCE WILL PROVIDE SERVICES TO RESIDENTS OF NEW YORK CITY, AS DESCRIBED ABOVE. ALLIANCE HOLDINGS, INC. AN AFFLIATE OF THE EDUCATIONAL ALLIANCE TRANSFERRED TITLE TO THE COMMUNITY FACILITY CONDOMINIUM LOCATED AT 179 HENRY STREET TO THE FOUNDATION. THE EDUCATIONAL ALLIANCE TRANSFERRED FEE TITLE TO THE REMAINING PORTION OF THE PREMISES (LOCATED AT 179 HENRY) TO THE FOUNDATION. THE FOUNDATION ENTERED INTO THE NMTC TRANSACTION AS A QUALIFIED ACTIVE LOW INCOME BUSINESS ("QALICB") AS DEFINED IN REG. 1.4SD(D)(4)(I). AS A QALICB, THE FOUNDATION WILL BE ENGAGED IN THE ACTIVE CONDUCT OF A TRADE OR BUSINESS IN AN ACTIVITY THAT FURTHERS ITS PURPOSE AS A NONPROFIT CORPORATION.

Activities or mission (Part I)

AS A TYPE I SUPPORTING ORGANIZATION, THE FOUNDATION WILL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE EDUCATIONAL ALLIANCE, INC.

  • THE FOUNDATION IS A SUPPORTING ORGANIZATION TO THE EDUCATIONAL ALLIANCE AND IT IS SUPPORTING IT THROUGH GRANTS AND OTHER SUPPORTING ACTIVITIES.

    Expenses $1,256,076 · Grants $852,000 · Revenue $852,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alan Van Capelle

    VICE PRESIDENT (OUTGOING)

    Total calculated
    $493,825
    From this org
    $0
    From related orgs
    $457,606
    Other
    $36,219
    Hours/week
    2.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $456,808 related
    Bonus
    $0
    Other
    $0 + $798 related
    Deferred
    $0 + $13,920 related
    Nontaxable benefits
    $0 + $22,299 related
    Filer's total
    $0 + $493,825 related

  • Darcy Bradbury

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Mark Enselman

    CFO

    Total calculated
    $234,242
    From this org
    $0
    From related orgs
    $227,443
    Other
    $6,799
    Hours/week
    2.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,358 related
    Bonus
    $0
    Other
    $0 + $3,085 related
    Deferred
    $0 + $6,733 related
    Nontaxable benefits
    $0 + $66 related
    Filer's total
    $0 + $234,242 related

  • Roberta Karp

    CHAIR (OUTGOING)

    Total calculated
    $0
    Hours/week
    2

  • Anya Hoerburger

    INTERIM CEO

    Total calculated
    $291,570
    From this org
    $0
    From related orgs
    $261,318
    Other
    $30,252
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $260,898 related
    Bonus
    $0
    Other
    $0 + $420 related
    Deferred
    $0 + $8,094 related
    Nontaxable benefits
    $0 + $22,158 related
    Filer's total
    $0 + $291,570 related

  • Donna Larence

    SECRETARY (OUTGOING)

    Total calculated
    $146,246
    From this org
    $0
    From related orgs
    $122,331
    Other
    $23,915
    Hours/week
    1 + 41.1 related

  • Jamual Webster

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $231,939
    From this org
    $0
    From related orgs
    $225,189
    Other
    $6,750
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $225,000 related
    Bonus
    $0
    Other
    $0 + $189 related
    Deferred
    $0 + $6,750 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $231,939 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3:
THE COMPENSATION FOR THE PRESIDENT/CEO IS ESTABLISHED BY THE RELATED ENTITY, THE EDUCATIONAL ALLIANCE, INC.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • 179 HENRY OWNER LLC

    AFFORDABLE HOUSING · NY

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202401319349304215

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