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Nonprofiteer
← CORAL TREE EDUCATION FOUNDATION INC

Form 990 for tax year 2023

Filed by CORAL TREE EDUCATION FOUNDATION INC.

Totals

Total revenue
$126,892
Total expenses
$99,996
Contributions and grants received
$120,959
Grants paid
$0
Program service revenue
$0
Investment income
$5,933
Other revenue
$0
Total assets, end of year
$396,003
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$396,003
Program services expenses (Part IX)
$96,196
Management and general expenses
$3,800
Fundraising expenses
$0
Program service expenses (Part III)
$96,196

Program services were 96.2% 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

    $120,959

  • 3 · Investment income

    total $3,997 · excluded $3,997

  • 7a · Gross sales of assets other than inventory

    securities $103,438

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

    securities $101,502

  • 7c · Gain or loss

    securities $1,936

  • 7d · Net gain or loss

    total $1,936 · related or exempt $1,936

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $50,070 · program services $50,070

  • 11c · Fees: accounting

    total $1,275 · program services $637 · management and general $638

  • 11g · Fees: other

    total $29,164 · program services $26,667 · management and general $2,497

  • 12 · Advertising and promotion

    total $661 · program services $661

  • 13 · Office expenses

    total $1,329 · program services $664 · management and general $665

  • 22 · Depreciation, depletion and amortization

    total $17,497 · program services $17,497

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $178,931 · end of year $102,683

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

    $188,124

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

    $40,283

  • 10c · Land, buildings and equipment, net

    beginning of year $149,499 · end of year $147,841

  • 11 · Investments: publicly traded securities

    beginning of year $40,675 · end of year $145,479

  • 27 · Net assets without donor restrictions

    beginning of year $369,105 · end of year $396,003

Mission and programs · 2023

Mission

THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO EDUCATE CHILDREN IN WAR TORN VILLAGES OF CAMBODIA.

  • PROVIDE A FULL YEAR EDUCATION PROGRAM FOR OVER 640 CHILDREN IN 2 SCHOOLS AT A REMOTE VERY POOR VILLAGE IN CAMBODIA. GRADES 1-8

    Expenses $5,191

  • PROVIDE COLLEGE SCHOLARSHIPS TO 15 STUDENTS AND SUPPORT FOR 7 VARY POOR FAMILIES FROM THE VILLAGE WHERE OUR SCHOOL IS.

    Expenses $52,441

  • CONTINUE TO PROMOTE OUR MISSION VIA EVENTS AND PROMOTIONAL EXPENSES IN ORDER TO SEEK CONTINUED FUNDING

    Expenses $16,649

  • MISCELLANEOUS

    Expenses $21,915

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MARC FREED

    GENERAL COUN

    Total calculated
    $0
    Hours/week
    2

  • SCOTT KARPIAK

    FUND DEVELOP

    Total calculated
    $0
    Hours/week
    3

  • CHENDA CHHI

    CEO FOUNDER

    Total calculated
    $0
    Hours/week
    20

  • MICHAEL KOVALICH

    CFO

    Total calculated
    $0
    Hours/week
    3

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
28 August 2024
IRS schema version
2023v5.0
Source object
202402489349300325

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