Parent Booster Usa Inc
- Assets
- $795.0k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 38
- Location
- Forest Hills, NY
- Founding
- 10/2005
- Data as of
- 06/2024
- EIN
- 46-3676242
Organization Overview
Parent Booster Usa Inc is located in Forest Hills, NY. The organization was established in 2005. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2024, Parent Booster USA Inc employed 38 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Parent Booster USA 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 06/2024, Parent Booster USA Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $1.5m during the year ending 06/2024. While expenses have increased by 0.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT AND RESOURCES TO PUBLIC SCHOOL 196 FOR THE BENEFIT AND EDUCATIONAL GROWTH OF CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTERSCHOOL PROGRAM SUPPLIES AND EXPENSES THE AFTERSCHOOL PROGRAM PROVIDES AN EDUCATIONAL AND NURTURING ENVIRONMENT FOR ELEMENTARY SCHOOL STUDENTS AT P.S.196Q. PARENTS ARE COMFORTED IN KNOWING THAT, WHILE THEY ARE AT WORK, THEIR CHILDREN ARE IN A SAFE PLACE AND CONTINUE TO LEARN BY PARTICIPATING IN VARIOUS EXTRACURRICULAR ACTIVITIES.
GRANTS GIVEN TO THE BOARD OF EDUCATION BY THE ORGANIZATION ARE TO PROVIDE ADDITIONAL RESOURCES TO PS 196 SO THAT THE STUDENTS WILL INDIRECTLY BENEFIT FROM THESE EXTRA FUNDINGS.
ACTIVITIES, SUCH AS FIELD TRIPS AND SPECIAL EVENTS, ARE PROVIDED TO FURTHER ENRICH STUDENTS' ACADEMIC ACHIEVEMENT AS WELL AS PROVIDING A SOCIAL SETTING FOR STUDENTS TO INTERACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee Ming Co-President | Officer | 5 | $0 |
Elizabeth Fassler Co-President | Officer | 5 | $0 |
Ilana Haas Co-Vice Pres | Officer | 5 | $0 |
Lindsey Sweedlund Co-Vice Pres | Officer | 5 | $0 |
Rachel Bialik Treasurer | Officer | 5 | $0 |
Marina Tasopoulos-Chan Secretary | Officer | 5 | $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 | $16,964 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,964 |
| Total Program Service Revenue | $1,505,293 |
| 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 | $1,522,257 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $300,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $460,533 |
| Pension plan accruals and contributions | $6,255 |
| Other employee benefits | $0 |
| Payroll taxes | $43,221 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,480 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $10,502 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $36,028 |
| All other expenses | $286,465 |
| Total functional expenses | $1,459,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $794,969 |
| 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 | $0 |
| 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 | $794,969 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $300,000 |
| 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 | $300,000 |
| Net assets without donor restrictions | $494,969 |
| 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 | $794,969 |
Grants Awarded
Over the last fiscal year, Parent Booster Usa Inc has awarded $108,001 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NYC DEPARTMENT OF EDUCATION PURPOSE: PROVIDE ADDL RESRCE | $103,000 |
PS 196 GRAND CENTRAL PARKWAY PURPOSE: PROVIDE ADDL RESRCE | $5,001 |