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L & D 1368 INC

Tax-deductible

Staten Island, NY501(c)(3)ReligionEIN 88-2020852Revenue $1.9M in FY2024

On file with the IRS244 Deems Ave, 10314-3106 · Staten Island, NYTax-exempt since May 2022Publicly supported charity — 170(b)(1)(A)(vi)

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To provide quality care and educational services to preschool aged children, To assist needy, sick or disabled people and give interest free loans when necessary, To support religious organizations.

501(c)(3) charity; gifts are tax-deductible.
99¢ 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
3 of 3
filings with a surplus
Average surplus $512K a year · 44% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $424K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$48K
3% of total assets
Looks good: liabilities are 3% 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
$1.9M
+91% vs prior year
Spent
$1.2M
To programs
99%
Net assets
$1.5M
By yearFY2022–FY2024
Revenue
$1.9M
FY2024▲ +91%
Tap a bar for its year
Revenue by fiscal year
FY2022$604K
FY2023$1000K
FY2024$1.9M
Expenses
$1.2M
FY2024▲ +66%
Tap a bar for its year
Expenses by fiscal year
FY2022$84K
FY2023$712K
FY2024$1.2M
Net assets
$1.5M
FY2024▲ +92%
Tap a bar for its year
Net assets by fiscal year
FY2022$521K
FY2023$805K
FY2024$1.5M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2022.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $1.2M Management & general 1% · $15K

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
$0Pt VII · Sec A
$0Pt VII · Sec A
Shmuel Taub
Secretary
$0Pt VII · Sec A
See L & D 1368 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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Provides care, education, and financial aid to children, the needy, and religious groups.

Provided by the organization

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1 program · $1.2M · in their own filed words · FY2024
01

Provided quality comprehensive care and educational services to preschool aged children.

$1.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
Tiny People INCFY2023$251K
Asher Lshlomo INCFY2023$174K
Total grants receivedfrom 2 funders$424K
Grants paid · 5 grants · $76K · 2023–2024
Cong Habones INCNY · FY2024$40,000
UtaNY · FY2024$20,000
Congregation Bnos ChayaNY · FY2023$8,000
Unitemized GrantFY2023$5,930
Eisek Hatorah DrachmistrivkaNY · FY2023$2,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.9M
Ln 12
Fees for servicesLn 2g$1.9M
Gifts and grantsLn 1h$20K
Other incomeLn 4–11$720
Money outPt IX
$1.2M
Ln 25
Programscol B$1.2M
Managementcol C$15K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$370K
Total assetsLn 16$1.6M
LiabilitiesLn 26$48K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$20K
Fees for servicesLn 2g$1.9M
Other incomeLn 4–11$720
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$370K
Cash and savings togetherLn 1–2$370K
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$1.6M
LiabilitiesLn 26$48K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 539
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$19K$370K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.1M$1.6M
LiabilitiesLn 26$258K$48K
Net assetsLn 32$815K$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$70K$70K
Grants to domestic individualsLn 2$7K$7K
Other salaries and wagesLn 7$522K$522K$0$0
Other employee benefitsLn 9$7K$7K$0$0
Payroll taxesLn 10$53K$53K$0$0
Accounting feesLn 11c$3K$0$3K$0
Office expensesLn 13$8K$0$8K$0
OccupancyLn 16$249K$249K$0$0
Depreciation, depletion and amortizationLn 22$42K$42K$0$0
InsuranceLn 23$37K$37K$0$0
All other expensesLn 24e$185K$182K$3K$0
Total functional expensesLn 25$1.2M$1.2M$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.9M$1.2M$728K$1.5M 990 PDF
FY2023 $1000K$712K$288K$805K 990 PDF
FY2022 $604K$84K$521K$521K 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 (6 parts)
Part I · Summary $1,910,434 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $605,946$20,000
I-9 Program service revenuePrior year $389,574$1,889,714
I-10 Investment income$0
I-11 Other revenuePrior year $3,987$720
I-12 Total revenuePrior year $999,507$1,910,434
I-13 Grants and similar amounts paidPrior year $68,803$76,537
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $246,439$581,107
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $389,943$524,815
I-18 Total expensesPrior year $705,185$1,182,459
I-19 Revenue less expensesPrior year $294,322$727,975
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $1,910,434 across 4 lines filed
Lines not itemized here account for $720 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$20,000
VIII-1h Total contributions, gifts and grants$20,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$1,889,714
VIII-12 Total revenueRelated to mission $1,890,434 · Unrelated business $0 · Excluded from tax $0$1,910,434
Part IX · Statement of functional expenses $1,182,459 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $69,726$69,726
IX-2 Grants to domestic individualsPrograms $6,811$6,811
IX-7 Other salaries and wagesPrograms $521,608 · Management $0 · Fundraising $0$521,608
IX-9 Other employee benefitsPrograms $6,755 · Management $0 · Fundraising $0$6,755
IX-10 Payroll taxesPrograms $52,744 · Management $0 · Fundraising $0$52,744
IX-11c Accounting feesPrograms $0 · Management $3,000 · Fundraising $0$3,000
IX-13 Office expensesPrograms $0 · Management $8,104 · Fundraising $0$8,104
IX-16 OccupancyPrograms $249,389 · Management $0 · Fundraising $0$249,389
IX-22 Depreciation, depletion and amortizationPrograms $42,222 · Management $0 · Fundraising $0$42,222
IX-23 InsurancePrograms $36,959 · Management $0 · Fundraising $0$36,959
IX-24e All other expensesPrograms $181,690 · Management $3,451 · Fundraising $0$185,141
IX-25 Total functional expensesPrograms $1,167,904 · Management $14,555 · Fundraising $0$1,182,459
Part X · Balance sheet $1,590,912 assets, 9 lines filed
Asset lines not itemized here account for $87,696; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $18,677$369,833
X-10c Land, buildings and equipment, netStart of year $1,053,849$1,133,383
X-16 Total assetsStart of year $1,072,526$1,590,912
X-17 Accounts payable and accrued expensesStart of year $52,271$182
X-24 Unsecured notes and loans payableStart of year $64,305$47,805
X-26 Total liabilitiesStart of year $257,576$47,987
X-27 Net assets without donor restrictionsStart of year $814,950$1,542,925
X-32 Total net assets or fund balancesStart of year $814,950$1,542,925
X-33 Total liabilities and net assetsStart of year $1,072,526$1,590,912
Part XI · Reconciliation of net assets $1,542,925 net assets at year end
XI-1 Total revenue$1,910,434
XI-2 Total expenses$1,182,459
XI-3 Revenue less expenses$727,975
XI-4 Net assets at start of year$814,950
XI-10 Net assets at end of year$1,542,925

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

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