Tomorrows Hope Foundation Ii Inc
- Assets
- $3.2m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Uniondale, NY
- Founding
- Data as of
- 12/2021
- EIN
- 84-4265021
Organization Overview
Tomorrows Hope Foundation Ii Inc is located in Uniondale, NY. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Tomorrows Hope Foundation Ii Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tomorrows Hope Foundation Ii 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, Tomorrows Hope Foundation Ii Inc generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 35.8% each year . All expenses for the organization totaled $4.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Tomorrows Hope Foundation Ii Inc has awarded 75 individual grants totaling $3,437,415. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE CATHOLIC EDUCATIONAL ACTIVITIES ON LONG ISLAND THROUGH SCHOLARSHIPS AND FUNDING TO CATHOLIC SCHOOLS ON LONG ISLAND, AND TO ENCOURAGE A RENEWED COMMITMENT TO SUCH SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE CATHOLIC EDUCATIONAL ACTIVITIES ON LONG ISLAND THROUGH SCHOLARSHIPS AND FUNDING TO CATHOLIC SCHOOLS ON LONG ISLAND, AND TO ENCOURAGE A RENEWED COMMITMENT TO SUCH SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ismini Scouras Executive Director | Officer | 35 | $96,970 |
Frank P Liantonio Vice Chair | OfficerTrustee | 4 | $0 |
Lewis Ranieri President | OfficerTrustee | 2 | $0 |
Richard Conniff Treasurer | OfficerTrustee | 4 | $0 |
Christopher Tully Secretary | OfficerTrustee | 3 | $0 |
Paul Clagnaz Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,192,645 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,136,541 |
| Noncash contributions included in lines 1a–1f | $35,912 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,329,186 |
| 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 | $4,329,186 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,929,194 |
| Grants and other assistance to domestic individuals. | $57,251 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $96,971 |
| Compensation of current officers, directors, key employees. | $14,546 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $356,249 |
| Pension plan accruals and contributions | $36,384 |
| Other employee benefits | $55,312 |
| Payroll taxes | $33,767 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,268 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $165,539 |
| Advertising and promotion | $0 |
| Office expenses | $31,813 |
| Information technology | $10,421 |
| 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 | $107,213 |
| Insurance | $8,120 |
| All other expenses | $0 |
| Total functional expenses | $3,966,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,536,322 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $103,475 |
| 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 | $71,937 |
| Net Land, buildings, and equipment | $536,066 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,247,800 |
| Accounts payable and accrued expenses | $117,079 |
| 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 | $1,261,812 |
| Total liabilities | $1,378,891 |
| Net assets without donor restrictions | $3,889 |
| Net assets with donor restrictions | $1,865,020 |
| 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 | $3,247,800 |
Grants Awarded
Over the last fiscal year, Tomorrows Hope Foundation Ii Inc has awarded $2,847,527 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
Deer Park, NY PURPOSE: TUITION ASSISTANCE | $312,435 |
ST MARTIN DE PORRES MARIANIST SCHOOL SCHOOL PURPOSE: TUITION ASSISTANCE | $277,125 |
ST PATRICK SCHOOL PURPOSE: TUITION ASSISTANCE | $156,639 |
OUR LADY OF GUADALUPE CATHOLIC SCHOOL OF LONG ISLAND PURPOSE: PROGRAM FUNDING FOR THE NEEDS OF STUDENTS AND SCHOOLS | $149,960 |
OUR LADY OF THE HAMPTONS REGIONAL SCHOOL PURPOSE: TUITION ASSISTANCE | $134,580 |
Westbury, NY PURPOSE: TUITION ASSISTANCE | $113,550 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Tomorrows Hope Foundation Ii Inc has recieved totaling $1,365,233.
| Awarding Organization | Amount |
|---|---|
Mother Cabrini Health Foundation New York, NY PURPOSE: GENERAL SCHOLARSHIP FUND | $750,000 |
Sophia And William Casey Foundation Melville, NY PURPOSE: GENERAL SUPPORT OF TAX-EXEMPT MISSION | $250,000 |
Francis And Gertrude Levett Foundation Saint Petersburg, FL PURPOSE: CLASSROOM EDUCATION RESOURCES FOR CHILDREN | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $99,500 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $25,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |
Nfa Foundation Inc Norwich, CT | $77,129,817 | $5,415,738 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
American Friends Of Leket Israel Inc Teaneck, NJ | $3,165,709 | $12,922,662 |
Provision Ministry Inc Westborough, MA | $833,220 | $12,247,682 |