- Revenue 2024
- $2,466,279
- Expenses 2024
- $872,152
Program services were 82.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- NTEE code
- B90
- Classification
- 1200
- Street
- 37 BEACON ST UNIT 21
These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).
Mission and programs · 2024
Mission
WE AIM TO EXPAND THE IMPACT OF THE SQUARED EXPERIENCE BY FORGING NEW PARTNERSHIPS BETWEEN INCREDIBLE STUDENTS, HOST CAMPUSES, AND FINANCIAL SUPPORTERS.
-
KENT SQUARED IS THE ORGANIZATION'S FLAGSHIP RESIDENTIAL SITE, OPERATED ON THE CAMPUS OF KENT SCHOOL IN KENT, CONNECTICUT. IT PROVIDES MULTI-SUMMER, TUITION-FREE ACADEMIC ENRICHMENT TO FIRST-GENERATION, LOW-INCOME HIGH SCHOOL STUDENTS, PAIRING RIGOROUS STEM INSTRUCTION WITH COLLEGE-ACCESS ADVISING, RESIDENTIAL LIFE, AND ENRICHMENT PROGRAMMING. DURING THE SUMMER 2025 SESSION THE PROGRAM SERVED 57 STUDENTS ON A RESIDENTIAL BASIS. DIRECT-SERVICE COSTS INCLUDE INSTRUCTION, STUDENT STIPENDS AND TRAVEL, PROGRAM SUPPLIES, RESIDENTIAL OPERATIONS, AND CAMPUS SERVICES PROVIDED BY KENT SCHOOL.
Expenses $397,555
-
GENERAL PROGRAMS - THE SQUARED NETWORK AIMS TO EXPAND A STEM AND COLLEGE ACCESS PROGRAM FOR FIRST-GENERATION AND LOW-INCOME STUDENTS. OUR "GENERAL PROGRAM" IS THE PART OF OUR COMPANY THAT FOCUSES ON EXPANSION, IDENTIFYING PARTNER SCHOOLS, RAISING FUNDS TO LAUNCH NEW PROGRAMS, AND STRATEGIZING OPERATIONS ACROSS OUR NETWORK OF PROGRAMS.
Expenses $296,603
-
MIDDLESEX SQUARED IS THE ORGANIZATION'S SECOND RESIDENTIAL SITE, LAUNCHING IN SUMMER 2026 ON THE CAMPUS OF MIDDLESEX SCHOOL IN CONCORD, MASSACHUSETTS. DURING THE YEAR THE PROGRAM WAS IN PRE-LAUNCH DEVELOPMENT: BUILDING THE SITE TEAM, DESIGNING THE PROGRAM WITH THE HOST CAMPUS, AND COMPLETING THE OPERATIONAL, STAFFING, AND COMPLIANCE GROUNDWORK REQUIRED TO OPEN. FIRST-GENERATION, LOW-INCOME STUDENTS WILL BE SERVED BEGINNING IN THE INAUGURAL 2026 SESSION.
Expenses $26,152
As filed on the 2024 return.
Officers and directors · 2024
As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
NICHOLAS FAVALORO
CEO
- Total calculated
- $117,549
- From this org
- $117,549
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
-
GARLAND LASATER
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 6
-
HELEN OBERMEYER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 6
-
JOHN OKHIULU
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
BELLA GRIBOV
TREASURER
- Total calculated
- $0
- Hours/week
- 6
-
RAY CROSS
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
LORNA SMITH
MEMBER
- Total calculated
- $0
- Hours/week
- 2
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. Earlier years are each on their own filing page.
Filings
-
2024
- Revenue
- $2,466,279
- Expenses
- $872,152
- Contributions
- $2,456,071
- Grants paid
- $0
-
2023
- Revenue
- $578,026
- Expenses
- $431,840
- Contributions
- $578,026
- Grants paid
- $0
-
2023
- Revenue
- $346,733
- Expenses
- $37,756
- Contributions
- $346,733
- Grants paid
- $0
The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.
Form 990-N e-Postcard, tax year 2022
- Tax period
- 1 February 2022 to 31 January 2023
- Principal officer
- Nicholas Favaloro
- Mailing address
- 389 Sopris AvenueCarbondale CO 81623
As filed, from the IRS e-Postcard file of 26 October 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.
Grants made
No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.
Grants received
-
THE@CHILDRENS EDUCATION INITIATIVE
$321,792
2024 SUPPORT DONATION
-
COMMUNITY FOUNDATION OF NORTH TEXAS
$150,000
2024 FOR 2024 OPERATING EXPENSES
-
COMMUNITY FOUNDATION OF NORTH TEXAS
$100,000
2024 FOR GENERAL PURPOSES IN SUPPORT OF A MATCHING GRANT
-
$50,000
2024 THE PURPOSE OF THIS GRANT IS TO SUPPORT THE PARTICIPATION OF STUDENTS THROUGHOUT THE PROGRAM'S DURATION. THIS IS THE FIRST OF THREE CONTRIBUTIONS.
-
2023 FOR THE TRANSFER OF ASSETS FROM THE (HS)2 NATIONAL PROJECT FUND AT NTCF TO SQUARED NETWORK
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Listed as of 13 October 2026, under deductibility PC.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.
What this page reflects
The registration facts above come from the IRS Business Master File published 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.