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Cps Qalicb INC FY2020 filing

Tax-deductible

Philadelphia, PA501(c)(3)Since 2017Education EIN 82-1897411Revenue $70K in FY2020Latest return filed May 15, 2026

On file with the IRScommunitypartnershipschool.org3033 W Glenwood Ave, 19121-2511 · Philadelphia, PATax-exempt since Nov 2018Supporting org, Type I — 509(a)(3)

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Cps Qalicb, INC. (the Qalicb), a pennsylvania corporation, was created to complete a new market tax credit (nmtc) transaction. IT provides support to community partnership school.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average surplus $1.6M a year · 74% of revenue · last 6 filings
Worth a look: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$11.7M
105% of total assets
Concern: liabilities are 105% of assets; over 80%.
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
$70K
Spent
$554K
To programs
0%
Net assets
−$586K
By yearFY2020–FY2025
Revenue
$70K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$70K
FY2021$213K
FY2022$275K
FY2023$296K
FY2024$312K
FY2025$11.9M
Expenses
$554K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$554K
FY2021$554K
FY2022$554K
FY2023$554K
FY2024$566K
FY2025$607K
Net assets
−$586K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$586K
FY2021−$926K
FY2022−$1.2M
FY2023−$1.5M
FY2024−$1.7M
FY2025$9.6M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2018.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $554K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

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
Sean Dowling
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Gabe Canuso
Board Member
$0Pt VII · Sec A
See Cps Qalicb INC executive salaries →

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 community partnership schools through new market tax credit transactions.

Questions for Cps Qalicb INC

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1 program · in their own filed words · FY2019
01

Provides support to community partnership school.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$70K
Ln 12
Investment incomeLn 3$70K
Money outPt IX
$554K
Ln 25
Managementcol C$554K
Owns and owesPt X
−$586K
net assets · Ln 32
Cash and savingsLn 1–2$104K
Total assetsLn 16$11.1M
LiabilitiesLn 26$11.7M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$70K
Total revenueLn 12$70K
Assets in detailPt X, end of year
CashLn 1$104K
Cash and savings togetherLn 1–2$104K
Land, buildings, equipmentLn 10c$11.0M
Total assetsLn 16$11.1M
LiabilitiesLn 26$11.7M
Net assetsLn 32−$586K
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$146K$104K
Land, buildings, equipmentLn 10c$11.3M$11.0M
Total assetsLn 16$11.6M$11.1M
LiabilitiesLn 26$11.7M$11.7M
Net assetsLn 32−$102K−$586K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
InterestLn 20$275K$275K
Depreciation, depletion and amortizationLn 22$279K$279K
Total functional expensesLn 25$554K$0$554K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $11.9M$607K$11.3M$9.6M 990 PDF
FY2024Filed with the IRS May 16, 2025 $312K$566K−$254K−$1.7M 990 PDF
FY2023Filed with the IRS May 16, 2024 $296K$554K−$258K−$1.5M 990 PDF
FY2022Filed with the IRS May 15, 2024 $275K$554K−$279K−$1.2M 990 PDF
FY2021Filed with the IRS May 16, 2022 $213K$554K−$341K−$926K 990 PDF
FY2020 ViewingFiled with the IRS May 17, 2021 $70K$554K−$484K−$586K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $69,634 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $188,180$69,634
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $188,180$69,634
I-13 Grants and similar amounts paidPrior year $0$0
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 $266,822$553,835
I-18 Total expensesPrior year $266,822$553,835
I-19 Revenue less expensesPrior year −$78,642−$484,201
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $69,634 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $69,634$69,634
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $69,634$69,634
Part IX · Statement of functional expenses $553,835 across 2 lines filed
IX-20 InterestManagement $275,057$275,057
IX-22 Depreciation, depletion and amortizationManagement $278,778$278,778
IX-25 Total functional expensesPrograms $0 · Management $553,835 · Fundraising $0$553,835
Part X · Balance sheet $11,114,296 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $146,234$103,732
X-10c Land, buildings and equipment, netStart of year $11,278,909$11,010,564
X-16 Total assetsStart of year $11,605,181$11,114,296
X-26 Total liabilitiesStart of year $11,706,684$11,700,000
X-32 Total net assets or fund balancesStart of year −$101,503−$585,704
X-33 Total liabilities and net assetsStart of year $11,605,181$11,114,296
Part XI · Reconciliation of net assets −$585,704 net assets at year end
XI-1 Total revenue$69,634
XI-2 Total expenses$553,835
XI-3 Revenue less expenses−$484,201
XI-4 Net assets at start of year−$101,503
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$585,704

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

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