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Home Run Projects INC FY2020 filing

Tax-deductible

New York, NY501(c)(3)Since 2012EducationEIN 45-4700820

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To provide financial and other support to licensed charter schools that provide education to inner-city youth, including dream charter school. The organization also provides financial and other support to develop programs to promote and further the education and well-being of inner-city youth in harlem.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $1.6M a year · 88% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$18K
0.10% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$183K
Spent
$177K
To programs
93%
Net assets
$18.3M
By yearFY2020–FY2024
Revenue
$183K
FY2020
Revenue by fiscal year
FY2020$183K
FY2021$8.3M
FY2022$182K
FY2023$182K
FY2024$182K
FY2024$182K
Expenses
$177K
FY2020
Expenses by fiscal year
FY2020$177K
FY2021$367K
FY2022$158K
FY2023$195K
FY2024$176K
FY2024$174K
Net assets
$18.3M
FY2020
Net assets by fiscal year
FY2020$18.3M
FY2021$26.2M
FY2022$26.2M
FY2023$26.2M
FY2024$26.2M
FY2024$22K

From the FY2020 Form 990 (year ending June 2020) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $165K Management & general 7% · $12K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Gil Liu
Secretary & Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Stephen Bellwood
Vice President
$0Pt VII · Sec A
See Home Run Projects INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports charter schools educating inner-city youth and develops programs for their education and well-being.

Provided by the organization

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1 program · $165K · in their own filed words · FY2019
01

Home run projects, inc, located in east harlem, new york, provides financial and other support to licensed charter schools that provide education to inner-city youth, including dream charter school.

$165Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $1.1M · 2019–2024
Harlem Rbi IncorporatedNY · FY2024$165,000
Harlem Rbi IncorporatedNY · FY2023$165,000
Harlem Rbi IncorporatedNY · FY2022$175,000
Harlem Rbi IncorporatedNY · FY2021$145,000
Harlem Rbi IncorporatedNY · FY2020$330,000
Harlem Rbi IncorporatedNY · FY2019$165,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$183K
Ln 12
Fees for servicesLn 2g$183K
Money outPt IX
$177K
Ln 25
Programscol B$165K
Managementcol C$12K
Owns and owesPt X
$18.3M
net assets · Ln 32
Cash and savingsLn 1–2$25K
Total assetsLn 16$18.3M
LiabilitiesLn 26$18K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$183K
Total revenueLn 12$183K
Assets in detailPt X, end of year
SavingsLn 2$25K
Cash and savings togetherLn 1–2$25K
Total assetsLn 16$18.3M
LiabilitiesLn 26$18K
Net assetsLn 32$18.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$24K$25K
Total assetsLn 16$18.3M$18.3M
LiabilitiesLn 26$24K$18K
Net assetsLn 32$18.3M$18.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$165K$165K
Other fees for servicesLn 11g$6K$6K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$177K$165K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $182K$176K$6K$26.2M 990 PDF
FY2023 $182K$195K−$12K$26.2M 990 PDF
FY2022 $182K$158K$24K$26.2M 990 PDF
FY2021 $8.3M$367K$7.9M$26.2M 990 PDF
FY2020 Viewing $183K$177K$7K$18.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (5 parts)
Part I · Summary $183,098 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $183,098$183,098
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $183,098$183,098
I-13 Grants and similar amounts paidPrior year $165,000$165,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $12,761$11,526
I-18 Total expensesPrior year $177,761$176,526
I-19 Revenue less expensesPrior year $5,337$6,572
Part VIII · Statement of revenue $183,098 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $183,098$183,098
VIII-12 Total revenueRelated to mission $183,098 · Unrelated business $0 · Excluded from tax $0$183,098
Part IX · Statement of functional expenses $176,526 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $165,000$165,000
IX-11g Other fees for servicesManagement $5,500$5,500
IX-23 InsuranceManagement $4,629$4,629
IX-24 Other expenses (24a–d)Management $1,397$1,397
IX-25 Total functional expensesPrograms $165,000 · Management $11,526 · Fundraising $0$176,526
Part X · Balance sheet $18,338,907 assets, 8 lines filed
Asset lines not itemized here account for $18,309,800; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $23,904$24,862
X-9 Prepaid expenses and deferred chargesStart of year $4,243$4,245
X-16 Total assetsStart of year $18,337,947$18,338,907
X-17 Accounts payable and accrued expensesStart of year $23,890$18,278
X-26 Total liabilitiesStart of year $23,890$18,278
X-27 Net assets without donor restrictionsStart of year $18,314,057$18,320,629
X-32 Total net assets or fund balancesStart of year $18,314,057$18,320,629
X-33 Total liabilities and net assetsStart of year $18,337,947$18,338,907
Part XI · Reconciliation of net assets $18,320,629 net assets at year end
XI-1 Total revenue$183,098
XI-2 Total expenses$176,526
XI-3 Revenue less expenses$6,572
XI-4 Net assets at start of year$18,314,057
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$18,320,629

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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