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Nonprofiteer
← INVEST IN EDUCATION COALITION INC

Form 990 for tax year 2022

Filed by INVEST IN EDUCATION COALITION INC.

Totals

Total revenue
$925,000
Total expenses
$1,143,755
Contributions and grants received
$925,000
Grants paid
$5,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$466,430
Total liabilities, end of year
$39,103
Net assets or fund balances, end of year
$427,327
Program services expenses (Part IX)
$1,065,062
Management and general expenses
$78,369
Fundraising expenses
$324
Program service expenses (Part III)
$1,065,062

Program services were 93.1% 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

    $925,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,000 · program services $5,000

  • 5 · Compensation of officers, directors and key employees

    total $22,500 · program services $22,500

  • 7 · Other salaries and wages

    total $14,672 · program services $13,499 · management and general $880 · fundraising $293

  • 10 · Payroll taxes

    total $1,528 · program services $1,405 · management and general $92 · fundraising $31

  • 11b · Fees: legal

    total $22,824 · management and general $22,824

  • 11c · Fees: accounting

    total $14,619 · management and general $14,619

  • 11d · Fees: lobbying

    total $352,250 · program services $352,250

  • 11g · Fees: other

    total $593,161 · program services $593,161

  • 12 · Advertising and promotion

    total $27,950 · program services $13,975 · management and general $13,975

  • 13 · Office expenses

    total $2,614 · program services $1,307 · management and general $1,307

  • 16 · Occupancy

    total $9,058 · program services $4,529 · management and general $4,529

  • 17 · Travel

    total $37,293 · program services $37,293

  • 23 · Insurance

    total $6,038 · program services $3,019 · management and general $3,019

  • 24a · Other expenses: SOFTWARE

    total $27,588 · program services $13,794 · management and general $13,794

  • 24b · Other expenses: SUBSCRIPTIONS

    total $6,660 · program services $3,330 · management and general $3,330

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $743,150 · end of year $465,530

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,991 · end of year $900

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $87,930 · end of year $39,103

  • 25 · Other liabilities

    beginning of year $12,129 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $646,082 · end of year $427,327

Mission and programs · 2022

Mission

THE INVEST IN EDUCATION COALITION, INC. IS AN ADVOCACY ORGANIZATION THAT WORKS TO PROMOTE SOCIAL WELFARE THROUGH ITS SUPPORT OF FEDERAL AND STATE LEGISLATION THAT ENCOURAGES THE USE OF CHARITABLE RESOURCES TO SUPPORT EDUCATION.

  • PROMOTE SOCIAL WELFARE THROUGH SUPPORT OF FEDERAL AND STATE LEGISLATION THAT ENCOURAGES THE USE OF CHARITABLE RESOURCES TO SUPPORT PUBLIC SCHOOLS AND NONPROFIT SCHOLARSHIP ORGANIZTIONS, AS WELL AS REIMBURSE TEACHERS FOR OUT-OF-POCKET EXPENSES.

    Expenses $1,065,062 · Grants $5,000

As filed on the 2022 return.

Listed in Part VII

  • ANTHONY J DE NICOLA

    CHAIR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • ROBERT H NIEHAUS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • THOMAS MCINERNEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL J STRIANESE

    CFO & COO

    Total calculated
    $60,000
    From this org
    $0
    From related orgs
    $60,000
    Other
    $0
    Hours/week
    1 + 40 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.

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
2022
Filed
30 October 2023
IRS schema version
2022v5.0
Source object
202313139349301946

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