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← AFTER-SCHOOL ALL-STARS ENDOWMENT

Form 990 for tax year 2023

Filed by AFTER-SCHOOL ALL-STARS ENDOWMENT.

Totals

Total revenue
$6,232,871
Total expenses
$49,855
Contributions and grants received
$6,000,000
Grants paid
$0
Program service revenue
$0
Investment income
$232,871
Other revenue
$0
Total assets, end of year
$6,232,852
Total liabilities, end of year
$49,836
Net assets or fund balances, end of year
$6,183,016
Program services expenses (Part IX)
$39,869
Management and general expenses
$9,976
Fundraising expenses
$10
Program service expenses (Part III)
$39,869

Program services were 80.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • LAURA DIMAGGIO

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • CHRISTIAN BANIAN

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • RODNEY COHEN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • BEN PAUL

    CEO

    Total calculated
    $476,916
    From this org
    $0
    From related orgs
    $453,324
    Other
    $23,592
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $452,999 related
    Bonus
    $0
    Other
    $0 + $325 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $8,342 related
    Filer's total
    $0 + $476,916 related
  • ANDREA BAZAN

    PRESIDENT

    Total calculated
    $423,854
    From this org
    $0
    From related orgs
    $400,262
    Other
    $23,592
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $349,922 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $340 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $8,342 related
    Filer's total
    $0 + $423,854 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)

PART 1 LINE 3
THE ORGANIZATION'S PRESIDENT AND CEO ARE COMPENSATED BY A RELATED ORGANIZATION, AFTER SCHOOL ALL-STARS, WHERE THEY ALSO SERVE AS THE PRESIDENT AND CEO. THE ASAS BOARD OF DIRECTORS HAS A POLICY FOR REVIEWING AND APPROVING THE COMPENSATION PACKAGES OF ITS CHIEF EXECUTIVE OFFICER AND OTHER KEY EMPLOYEES ON A REGULAR BASIS TO DETERMINE IT IS FAIR AND REASONABLE WITH THE GOAL OF RETAINING EMPLOYEES AT COMPENSATION LEVELS WITHIN APPROPRIATE MARKET RANGE. THE POLICY PROVIDES THAT THE REVIEW AND APPROVAL OF THE COMPENSATION ARRANGEMENT WILL BE CONDUCTED, IN ADVANCE, BY INDEPENDENT AND IMPARTIAL MEMBERS OF THE BOARD (OR A COMMITTEE OF THE BOARD). THE BOARD REVIEWS COMPARABILITY DATA SUCH AS COMPENSATION PAID BY SIMILARLY SITUATED NONPROFIT AND FOR-PROFIT ORGANIZATIONS FOR COMPARABLE POSITIONS IN THE SAME GEOGRAPHIC AREA. THE BOARD MAY ALSO REVIEW CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS AND CONSIDER RECENT WRITTEN OFFERS FROM SIMILAR ORGANIZATIONS COMPETING FOR THE COVERED INDIVIDUAL'S SERVICES. THE DOCUMENTATION OF THE BOARD INCLUDES THE TERMS OF THE TRANSACTION AND THE DATE OF APPROVAL, THE MEMBERS WHO WERE PRESENT DURING THE DEBATE AND VOTE ON THE TRANSACTION, A DESCRIPTION OF THE COMPARABILITY DATA AND HOW IT WAS OBTAINED AND RELIED UPON INCLUDING THE RECOMMENDATIONS RECEIVED FROM THIRD-PARTY CONSULTANTS, AND DOCUMENTATION OF THE BASIS FOR THE DETERMINATION.

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

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2023
Filed
28 May 2025
IRS schema version
2023v6.0
Source object
202501609349300885

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