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Believe & Inspire

Tax-deductible

New York, NY501(c)(3)Human ServicesEIN 83-1379322

Making a differnce for underserved youths: one youth at a time. Believe & inspire seeks to empower and inspire underserved youths in need to learn more about financial literacy, career and internship preparation and other life skills to help them succeed long-term.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
2 of 5
filings with a surplus
Average deficit $40K a year · 27% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$178K
246% of total assets
Concern: liabilities are 246% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$21K
-85% vs prior year
Spent
$21K
To programs
100%
Net assets
−$106K
By yearFY2020–FY2024
Revenue
$21K
FY2024▼ -85%
Revenue by fiscal year
FY2020$127K
FY2021$203K
FY2022$270K
FY2023$138K
FY2024$21K
Expenses
$21K
FY2024▼ -87%
Expenses by fiscal year
FY2020$126K
FY2021$295K
FY2022$353K
FY2023$166K
FY2024$21K
Net assets
−$106K
FY2024▲ +62%
Net assets by fiscal year
FY2020$11K
FY2021−$81K
FY2022−$83K
FY2023−$282K
FY2024−$106K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2018.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $21K

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
S Maharaj
Secretary
$0Pt VII · Sec A
Mussa Sanoe
Treasurer
$0Pt VII · Sec A
A Nowbatah
Officer
$0Pt VII · Sec A
See Believe & Inspire 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
  • Loans to or from officersSch L · Pt II3 listed

Programs and updates

Empowers underserved youth with financial literacy, career skills, and life skills for long-term success.

Provided by the organization

This section is blank until Believe & Inspire claims this page.

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1 program service account for $21K of program spending, described in the organization's own filed words · FY2024.
01

Achieved reaching underserved youth before or after age 21 providing

$21Kprogram expense

Run this program? Claim this org to tell your story

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$21K
Ln 12
Gifts and grantsLn 1h$21K
Money outPt IX
$21K
Ln 25
Programscol B$21K
Owns and owesPt X
−$106K
net assets · Ln 32
Cash and savingsLn 1–2$483
Total assetsLn 16$72K
LiabilitiesLn 26$178K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$21K
Total revenueLn 12$21K
Assets in detailPt X, end of year
CashLn 1$483
Cash and savings togetherLn 1–2$483
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$72K
LiabilitiesLn 26$178K
Net assetsLn 32−$106K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$528$483
Land, buildings, equipmentLn 10c$14K$4K
Total assetsLn 16$84K$72K
LiabilitiesLn 26$365K$178K
Net assetsLn 32−$282K−$106K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$3K$3K
Payroll taxesLn 10$4K$4K
OccupancyLn 16$1K$1K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$6K$6K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$21K$21K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $21K$21K$0−$106K 990 PDF
FY2023 $138K$166K−$28K−$282K 990 PDF
FY2022 $270K$353K−$83K−$83K 990 PDF
FY2021 $203K$295K−$92K−$81K 990 PDF
FY2020 $127K$126K$1K$11K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $20,822 across 4 lines filed
VIII-1f All other contributions, gifts and grants$20,822
VIII-1h Total contributions, gifts and grants$20,822
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$20,822
Part IX · Statement of functional expenses $20,822 across 6 lines filed
IX-7 Other salaries and wagesPrograms $3,342$3,342
IX-10 Payroll taxesPrograms $4,438$4,438
IX-16 OccupancyPrograms $1,190$1,190
IX-23 InsurancePrograms $1,835$1,835
IX-24 Other expenses (24a–d)Programs $5,741$5,741
IX-24e All other expensesPrograms $4,276$4,276
IX-25 Total functional expensesPrograms $20,822 · Management $0 · Fundraising $0$20,822
Part X · Balance sheet $72,486 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $528$483
X-3 Pledges and grants receivableStart of year $39,000$39,000
X-10c Land, buildings and equipment, netStart of year $14,179$3,900
X-14 Intangible assetsStart of year $28,850$29,103
X-16 Total assetsStart of year $83,550$72,486
X-24 Unsecured notes and loans payableStart of year $102,042$104,581
X-26 Total liabilitiesStart of year $365,054$178,391
X-27 Net assets without donor restrictionsStart of year −$281,504−$105,905
X-32 Total net assets or fund balancesStart of year −$281,504−$105,905
X-33 Total liabilities and net assetsStart of year $83,550$72,486
Part XI · Reconciliation of net assets −$105,905 net assets at year end
XI-1 Total revenue$20,822
XI-2 Total expenses$20,822
XI-3 Revenue less expenses$0
XI-4 Net assets at start of year−$281,504
XI-10 Net assets at end of year−$105,905

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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