Community For Education Foundation Overcoming Obstacles
- Assets
- $9.3m
- Revenue
- $813.7k
- Investments
- $9.0m
- Employees
- 3
- Location
- New York, NY
- Founding
- 05/1992
- Data as of
- 06/2022
- EIN
- 95-4367454
Organization Overview
Community For Education Foundation Overcoming Obstacles, operating under the name Overcoming Obstacles, is located in New York, NY. The organization was established in 1992. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 06/2022, Overcoming Obstacles employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Overcoming Obstacles 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 06/2022, Overcoming Obstacles generated $813.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $746.4k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISHES AND PROVIDES THE OVERCOMING OBSTACLES LIFE SKILLS EDUCATION CURRICULUM TO ALL K-12 EDUCATORS FOR FREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill S Chalsty Chairperson | 20 | $0 | |
Michael D Gelfand Secretary | 2 | $0 | |
Sandra Brossard Board Member | 1 | $0 | |
James E Buckman Board Member | 1 | $0 | |
John S Chalsty Board Member | 1 | $0 | |
Lisa Marino Board Member | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Ion Llc | 6/29/22 | $218,126 |
Mondragon Lingua Usa Inc | 6/29/22 | $119,813 |
Silvercrest Asset Mgmt Group | 6/29/22 | $54,824 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $318,076 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $435,600 |
| Capital Gain Net Income | $435,600 |
| Net ST Capital Gain | $7,231 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $813,676 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $127,400 |
| Other employee salaries and wages | $69,583 |
| Pension plans, employee benefits | $23,779 |
| Interest | $0 |
| Taxes | $8,160 |
| Depreciation | $576 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,715 |
| Printing and publications | $0 |
| Other expenses | $390,945 |
| Total operating and administrative expenses | $746,441 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $746,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,522 |
| Savings and temporary cash investments | $57,278 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $24,053 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $56,810 |
| Total assets | $9,303,498 |
| Accounts payable and accrued expenses | $47,948 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $47,948 |