Association For Senior Debate Inc
- Assets
- $491.9k
- Revenue
- $550.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Livingston, NY
- Founding
- 05/2016
- Data as of
- 12/2021
- EIN
- 47-5161543
Organization Overview
Association For Senior Debate Inc is located in Livingston, NY. The organization was established in 2016. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association For Senior Debate Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Association For Senior Debate Inc generated $550.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $660.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASD PROVIDES OLDER ADULTS WITH OPPORTUNITIES TO ENGAGE IN COMPETITIVE DEBATES IN THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2021, ASD CONTINUED TO DEVELOP THE FOUNDATION FOR THE LAUNCH OF DEBATE PROGRAMS. THIS WORK WAS ACCOMPLISHED WITH ASD'S PARTNER, THE BROOKLYN PUBLIC LIBRARY AND THE ENGAGEMENT OF NATIONAL EXPERTS IN DEBATE. TRAINING MATERIALS AND PROGRAMS WERE COMPLETED TO ALLOW FOR BOTH IN PERSON AND ONLINE PARTICIPATION. THE INITIAL SERIES OF DEBATES WERE HELD IN THE FALL OF 2021
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Benson President | OfficerTrustee | 40 | $120,000 |
John Sexton Chair | OfficerTrustee | 1 | $0 |
Samuel M Nelson Treasurer | OfficerTrustee | 1 | $0 |
Tameka Robinson Board Member | Trustee | 1 | $0 |
Michael D' Innocenzo Board Member | Trustee | 1 | $0 |
Pat Foye Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $550,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $550,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $550,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $230,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,000 |
| Compensation of current officers, directors, key employees. | $36,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,706 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,667 |
| Fees for services: Accounting | $3,456 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $234,404 |
| Advertising and promotion | $0 |
| Office expenses | $762 |
| Information technology | $3,057 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $225 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $859 |
| All other expenses | $0 |
| Total functional expenses | $660,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $355,711 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $136,196 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $491,907 |
| Accounts payable and accrued expenses | $511 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $511 |
| Net assets without donor restrictions | $491,396 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $491,907 |
Grants Awarded
Over the last fiscal year, Association For Senior Debate Inc has awarded $230,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: TO SUPPORT ASSOCIATION FOR SENIOR DEBATE FELLOWSHIP PROGRAM AND THE DEAN'S DISCRETIONARY FUND | $150,000 |
Riverside, CT PURPOSE: FURTHERANCE OF ECUMENICAL CONVERSATION AND DEBATE. | $80,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Association For Senior Debate Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Ford Foundation New York, NY PURPOSE: CORE SUPPORT TO ESTABLISH SENIOR DEBATE PROGRAMS IN UNIVERSITY-BASED LIFELONG LEARNING CENTERS AND LIBRARIES NATIONWIDE | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aspira Inc Of Pennsylvania Philadelphia, PA | $16,896,454 | $35,689,519 |
Imentor Incorporated New York, NY | $37,583,739 | $20,234,827 |
Jpc Charities Newark, NJ | $110,330,624 | $14,483,540 |
Good Sports Inc Braintree, MA | $15,718,989 | $17,640,081 |
Exploration School Inc Norwood, MA | $30,976,539 | $12,294,773 |
West Side Center For Community Life Inc New York, NY | $9,114,399 | $14,422,692 |
Camp Harbor View Foundation Inc Boston, MA | $69,208,202 | $14,199,041 |
Utec Inc Lowell, MA | $20,133,809 | $14,604,530 |
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Deal Sephardic Youth Center Inc Oakhurst, NJ | $15,545,893 | $7,918,218 |