Tomorrows Hope Foundation Ii Inc
- Assets
- $2.5m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 6
- Location
- Uniondale, NY
- Founding
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Tomorrows Hope Foundation Ii Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $4.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Tomorrows Hope Foundation Ii Inc has awarded 109 individual grants totaling $6,504,961. 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
2022
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 |
|---|---|---|---|
Lewis S Ranieri Chairman/president | OfficerTrustee | 2 | $0 |
Frank P Liantonio Vice Chairman/vice President | OfficerTrustee | 4 | $0 |
Richard Conniff Vice Chairman/treasurer | OfficerTrustee | 4 | $0 |
Christopher Tully Vice Chairman/secretary | OfficerTrustee | 3 | $0 |
Carolynn Lucca Black Director | Trustee | 1 | $0 |
Patrick R Bowe Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,474,153 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,325,681 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,799,834 |
| 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 | -$102,141 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,697,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,097,324 |
| Grants and other assistance to domestic individuals. | $203,172 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $185,432 |
| Compensation of current officers, directors, key employees. | $27,815 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $346,636 |
| Pension plan accruals and contributions | $44,568 |
| Other employee benefits | $64,334 |
| Payroll taxes | $33,304 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,015 |
| Fees for services: Accounting | $60,704 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $131,128 |
| Advertising and promotion | $0 |
| Office expenses | $50,151 |
| Information technology | $19,865 |
| 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 | $214,426 |
| Insurance | $9,448 |
| All other expenses | $8,159 |
| Total functional expenses | $4,486,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,757,735 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $411,981 |
| 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 | $40,396 |
| Net Land, buildings, and equipment | $321,640 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,531,752 |
| Accounts payable and accrued expenses | $137,112 |
| 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 | $1,314,704 |
| Total liabilities | $1,451,816 |
| Net assets without donor restrictions | -$76,019 |
| Net assets with donor restrictions | $1,155,955 |
| 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 | $2,531,752 |
Grants Awarded
Over the last fiscal year, Tomorrows Hope Foundation Ii Inc has awarded $3,067,546 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
HOLY CHILD ACADEMY PURPOSE: TUITION ASSISTANCE | $10,000 |
HOLY FAMILY SCHOOL PURPOSE: TUITION ASSISTANCE | $96,222 |
HOLY NAME OF MARY SCHOOL PURPOSE: TUITION ASSISTANCE | $88,910 |
LONG BEACH CATHOLIC REG PURPOSE: TUITION ASSISTANCE | $35,841 |
MARIA REGINA SCHOOL PURPOSE: TUITION ASSISTANCE | $31,275 |
NOTRE DAME SCHOOL PURPOSE: TUITION ASSISTANCE | $61,395 |