2024-11-13T07:38:52-06:00 2023-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1500 RXR PLAZA WEST TOWER UNIONDALE NY 11556 990 2023-01-01 844265021 TOMORROWS HOPE FOUNDATION II INC TOMO 5167457611 50 CHARLES LINDBERGH BLVD STE 500 UNIONDALE NY 11553 RICHARD CONNIFF TREASURER 5167457611 2024-11-04 1 1 ELLEN M LABITA CPA P00140777 6317527400 2024-11-04 2023 2024-10-15 13:58:12Z LEWIS S RANIERI 50 CHARLES LINDBERGH BLVD STE 500 UNIONDALE NY 11553 4125940 0 X HTTP://WWW.TOMORROWSHOPEFOUNDATION.ORG X 2019 NY TO ENSURE THE EXCELLENCE AS WELL AS THE CONTINUANCE OF CATHOLIC SCHOOLS ON LONG ISLAND BY INCREASING AWARENESS AND BY PROVIDING SCHOLARSHIP AND PROGRAM FUNDING FOR THE NEEDS OF STUDENTS AND SCHOOLS. 46 46 6 70 0 0 3799834 3812075 0 0 0 3325 -102141 -116090 3697693 3699310 3300496 2528146 0 0 674274 701344 0 0 367877 511896 552595 4486666 3782085 -788973 -82775 2531752 3293094 1451816 1561681 1079936 1731413 TO ENSURE THE EXCELLENCE AS WELL AS THE CONTINUANCE OF CATHOLIC SCHOOLS ON LONG ISLAND BY INCREASING AWARENESS AND BY PROVIDING SCHOLARSHIP AND PROGRAM FUNDING FOR THE NEEDS OF STUDENTS AND SCHOOLS. 0 0 2983311 2500000 0 TO SUPPORT THE CATHOLIC EDUCATIONAL ACTIVITIES ON LONG ISLAND THROUGH SCHOLARSHIPS AND TO ENCOURAGE A RENEWED COMMITMENT TO SUCH SCHOOLS. 28146 28146 TO SUPPORT THE CATHOLIC EDUCATIONAL ACTIVITIES ON LONG ISLAND THROUGH PROGRAM FUNDING TO CATHOLIC SCHOOLS ON LONG ISLAND, AND TO ENCOURAGE A RENEWED COMMITMENT TO SUCH SCHOOLS. 3011457 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 3 0 6 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 46 46 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X ISMINI SCOURAS 5167457630 50 CHARLES LINDBERGH BLVD STE 500 UNIONDALE NY 11553 LEWIS S RANIERI CHAIRMAN/PRESIDENT 2.00 0.00 X X 0 0 0 FRANK P LIANTONIO VICE CHAIRMAN/VICE PRESIDENT 4.00 0.00 X X 0 0 0 RICHARD CONNIFF VICE CHAIRMAN/TREASURER 4.00 0.00 X X 0 0 0 CHRISTOPHER TULLY VICE CHAIRMAN/SECRETARY 3.00 0.00 X X 0 0 0 CAROLYNN LUCCA BLACK DIRECTOR 1.00 0.00 X 0 0 0 PATRICK R BOWE DIRECTOR 1.00 0.00 X 0 0 0 JEFFREY R BYRNES DIRECTOR 1.50 0.00 X 0 0 0 DOMINICK CASTORO DIRECTOR 1.00 0.00 X 0 0 0 PAUL CLAGNAZ DIRECTOR 1.50 0.00 X 0 0 0 PATRICK CURTIN DIRECTOR 1.00 0.00 X 0 0 0 KATHLEEN DEEGAN DICKSON DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN V DESIMONE DIRECTOR 1.00 0.00 X 0 0 0 MATTHEW EMANUELO DIRECTOR 1.00 0.00 X 0 0 0 VICKI FERRARA DIRECTOR 2.00 0.00 X 0 0 0 KATHLEEN MGIAMO DIRECTOR 1.00 0.00 X 0 0 0 MARY RYAN GONZALEZ DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL SEAN GRANT DIRECTOR 1.50 0.00 X 0 0 0 DENNIS HARRINGTON DIRECTOR 1.00 0.00 X 0 0 0 MATTHEW HESLIN DIRECTOR 1.50 0.00 X 0 0 0 BERNADETTE KASNICKI DIRECTOR 4.00 0.00 X 0 0 0 MARGUERITE KIRCHER DIRECTOR 3.00 0.00 X 0 0 0 RICK A LAZIO DIRECTOR 1.00 0.00 X 0 0 0 RONALD LO RUSSO DIRECTOR 1.00 0.00 X 0 0 0 THERESA LOTITO DIRECTOR 1.00 0.00 X 0 0 0 DAVID LYNCH DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL MATURO DIRECTOR 1.00 0.00 X 0 0 0 FJ MCCARTHY CCIM DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL MCCARTHY DIRECTOR 1.50 0.00 X 0 0 0 BRENDAN MCGOVERN DIRECTOR 1.00 0.00 X 0 0 0 FRANK MELACCIO DIRECTOR 1.50 0.00 X 0 0 0 MICHAEL MERLO DIRECTOR 1.00 0.00 X 0 0 0 CATHERINE T MUSCENTE DIRECTOR 1.50 0.00 X 0 0 0 MARMELINE PETION-MIDY DIRECTOR 1.00 0.00 X 0 0 0 PETER QUICK DIRECTOR 1.50 0.00 X 0 0 0 SALVATORE RESTIVO DIRECTOR 1.50 0.00 X 0 0 0 MICHAEL D SAPRAICONE DIRECTOR 2.00 0.00 X 0 0 0 MAUREEN T SCADUTO DIRECTOR 2.00 0.00 X 0 0 0 BRIAN T SHEA DIRECTOR 1.00 0.00 X 0 0 0 BERNADETTE CASEY SMITH DIRECTOR 2.00 0.00 X 0 0 0 MICHAEL SPINELLI MD DIRECTOR 1.00 0.00 X 0 0 0 PETER D TAMSEN DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH TARTAMELLA DIRECTOR 1.00 0.00 X 0 0 0 GLENN TYRANSKI DIRECTOR 1.50 0.00 X 0 0 0 JOSEPH YOUNG DIRECTOR 1.00 0.00 X 0 0 0 MARGARET YORK DIRECTOR 4.00 0.00 X 0 0 0 MOST REV RICHARD G HENNING DIRECTOR 1.50 0.00 X 0 0 0 GERALD D PIETROFORTE DIRECTOR (UNTIL 3/25/23) 1.00 0.00 X 0 0 0 ISMINI SCOURAS EXECUTIVE DIRECTOR 35.00 0.00 X 182130 0 19500 182130 0 19500 1 0 1 0 0 1803937 2008138 61515 3812075 10655 10655 157455 164785 -7330 -7330 -7330 145755 1803937 261845 -116090 -116090 3699310 0 0 -112765 2528146 2528146 201630 60489 30244 110897 358170 126807 169976 61387 28364 10224 14553 3587 74720 25093 27284 22343 38460 12916 14044 11500 14183 14183 66872 66872 5954 5954 65216 5000 9492 50724 64833 4204 9381 51248 45507 6733 5991 32783 47937 17419 15630 14888 214426 214426 9274 9274 MISCELLANEOUS 17893 9873 8020 BAD DEBTS 500 500 3782085 3011457 402751 367877 1757735 1469182 411981 433115 40396 50342 643279 536065 321640 107214 1040185 0 193056 2531752 3293094 137112 105240 1314704 1456441 1451816 1561681 X -76019 -333878 1155955 2065291 1079936 1731413 2531752 3293094 X -82775 54297 679955 X 0 1 X 1 0 X 2346449 4329186 3799834 3812075 14287544 2346449 4329186 3799834 3812075 14287544 4752063 9535481 10655 10655 12828 123349 154415 145755 436347 14734546 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING EVENTS - 2020 AMOUNT: $ 12,828. 2021 AMOUNT: $ 123,349. 2022 AMOUNT: $ 154,415. 2023 AMOUNT: $ 145,755. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 356000 632517 51668 1040185 100000 156000 100000 356000 100000 100000 0.00000 1.00000 0.00000 0 0 643279 536065 107214 107214 RIGHT-OF-USE, OPERATING LEASE 193056 193056 SCHOLARSHIPS PAYABLE 1250498 OPERATING LEASE LIABILITY 205943 1456441 X 4427608 54297 674001 728298 3699310 0 3699310 3776131 0 3776131 5954 5954 3782085 PART V, LINE 4: CONTRIBUTIONS TO THIS FUND WILL BE HELD IN PERPETUITY AND EARNINGS WILL BE RESTRICTED FOR USE IN THF'S SCHOLARSHIP PROGRAM, AS PER DONOR'S INTENTIONS. PART X, LINE 2: IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION (ASC) SUBTOPIC 740, INCOME TAXES, THF II ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES RECOGNIZED IN ITS FINANCIAL STATEMENTS USING A THRESHOLD OF MORE-LIKELY-THAN-NOT. MANAGEMENT EVALUATED THF II'S TAX POSITION AND CONCLUDED THAT THF II HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES -5,954. TRANSFER OF ASSETS FROM TOMORROWS HOPE FOUNDATION INC 679,955. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 5,954. STARS FOR STUDENTS SCHOLARSHIP GALA 1285535 1246740 38795 32500 4795 62443 50367 GOLF OUTING 357338 286728 70610 6700 57000 6910 3076 2 306819 270469 36350 25454 550 12050 1949692 1803937 145755 39200 61795 94807 550 65493 261845 -116090 1 HOLY ANGELS REGIONAL SCHOOL 1 DIVISION STREET PATCHOGUE NY 11772 113121525 501(C)(3) 77200 0 TUITION ASSISTANCE HOLY CHILD ACADEMY 25 STORE HILL ROAD OLD WESTBURY NY 11568 111903681 501(C)(3) 10500 0 TUITION ASSISTANCE HOLY FAMILY SCHOOL 17 FORDHAM AVENUE HICKSVILLE NY 11801 111681136 501(C)(3) 52100 0 TUITION ASSISTANCE HOLY NAME OF MARY SCHOOL 90 SOUTH GROVE STREET VALLEY STREAM NY 11580 111674177 501(C)(3) 77100 0 TUITION ASSISTANCE LONG BEACH CATHOLIC REG 735 W BROADWAY LONG BEACH NY 11561 112227363 501(C)(3) 31200 0 TUITION ASSISTANCE MARIA REGINA SCHOOL 4045 JERUSALEM AVENUE SEAFORD NY 11040 111847126 501(C)(3) 13800 0 TUITION ASSISTANCE NOTRE DAME SCHOOL 25 MAYFAIR RAOD NEW HYDE PARK NY 11040 112017403 501(C)(3) 26100 0 TUITION ASSISTANCE OUR LADY OF GUADALUPE CATHOLIC SCHOOL OF LONG ISLAND 105 HALF HOLLOW ROAD DEER PARK NY 11727 863782530 501(C)(3) 453820 0 TUITION ASSISTANCE OUR LADY OF THE HAMPTONS REGIONAL SCHOOL 160 NORTH MAIN STREET SOUTHAMPTON NY 11968 061066827 501(C)(3) 91000 0 TUITION ASSISTANCE OUR LADY OF LOURDES SCHOOL 76 PARK BLVD MALVERNE NY 11565 111710987 501(C)(3) 24400 0 TUITION ASSISTANCE OUR LADY OF PEACE SCHOOL 21 FOWLER AVENUE LYNBROOK NY 11563 111674176 501(C)(3) 41600 0 TUITION ASSISTANCE OUR LADY QUEEN OF APOSTLES REGIONAL SCHOOL 2 SAINT JOHNS PLACE CENTER MORICHES NY 11934 113112867 501(C)(3) 63900 0 TUITION ASSISTANCE OUR LADY OF VICTORY SCHOOL 2 BELLMORE STREET FLORAL PARK NY 11001 111735973 501(C)(3) 60250 0 TUITION ASSISTANCE ST AGNES CATHEDRAL SCHOOL 70 CLINTON AVENUE ROCKVILLE CENTRE NY 11570 111633528 501(C)(3) 66250 0 TUITION ASSISTANCE ST AIDAN SCHOOL 510 WILLIS AVENUE WILLISTON PARK NY 11596 111672792 501(C)(3) 30000 0 TUITION ASSISTANCE ST ANNE SCHOOL 25 DARTMOUTH STREET GARDEN CITY NY 11530 111666878 501(C)(3) 64000 0 TUITION ASSISTANCE ST BRIGIDOUR LADY OF HOPE REGIONAL SCHOOL 101 MAPLE AVENUE WESTBURY NY 11590 112347433 501(C)(3) 114530 0 TUITION ASSISTANCE ST DOMINIC ELEMENTARY SCHOOL 35 SCHOOL STREET OYSTER BAY NY 11771 111829148 501(C)(3) 54500 0 TUITION ASSISTANCE ST EDWARD THE CONFESSOR SCHOOL 2 TEIBROOK AVENUE SYOSSET NY 11791 111724743 501(C)(3) 19500 0 TUITION ASSISTANCE ST ELIZABETH ANN SETON REGIONAL SCHOOL 2341 WASHINGTON AVENUE BELLMORE NY 11710 113119795 501(C)(3) 52600 0 TUITION ASSISTANCE ST JOHN PAUL II REGIONAL SCHOOL 515 MARCY AVENUE RIVERHEAD NY 11901 824776322 501(C)(3) 65700 0 TUITION ASSISTANCE ST JOSEPH SCHOOL 450 FRANKLIN AVENUE GARDEN CITY NY 11530 111761492 501(C)(3) 91300 0 TUITION ASSISTANCE ST MARTIN DE PORRES 530 HEMPSTEAD BLVD UNIONDALE NY 11553 113023471 501(C)(3) 235550 0 TUITION ASSISTANCE ST MARTIN OF TOURS SCHOOL 30 UNION AVENUE AMITYVILLE NY 11701 112630852 501(C)(3) 70600 0 TUITION ASSISTANCE ST MARY ELEMENTARY SCHOOL 1340 NORTHERN BLVD MANHASSET NY 11030 111642728 501(C)(3) 58900 0 TUITION ASSISTANCE ST MARY SCHOOL 16 HARRISON AVENUE EAST ISLIP NY 11730 111681129 501(C)(3) 89050 0 TUITION ASSISTANCE ST PATRICK SCHOOL MONTAUK HIGHWAY BAY SHORE NY 11706 112304504 501(C)(3) 215450 0 TUITION ASSISTANCE ST PATRICK SCHOOL 360 MAIN STREET HUNTINGTON NY 11743 112016247 501(C)(3) 27200 0 TUITION ASSISTANCE ST PATRICK SCHOOL 284 E MAIN STREET SMITHTOWN NY 11787 111710988 501(C)(3) 65300 0 TUITION ASSISTANCE STS PHILIP AND JAMES SCHOOL 359 CLINTON AVENUE ST JAMES NY 11780 112776286 501(C)(3) 42800 0 TUITION ASSISTANCE ST ROSE OF LIMA SCHOOL 4704 MERRICK ROAD MASSAPEQUA NY 11758 111814003 501(C)(3) 57800 0 TUITION ASSISTANCE ST WILLIAM THE ABBOT SCHOOL 2001 JACKSON AVENUE SEAFORD NY 11783 111676512 501(C)(3) 28500 0 TUITION ASSISTANCE TRINITY REGIONAL SCHOOL 1025 FIFTH AVENUE EAST NORTHPORT NY 11731 113111495 501(C)(3) 17000 0 TUITION ASSISTANCE THE DE LA SALLE SCHOOL 87 PINE STREET FREEPORT NY 11520 131837418 501(C)(3) 10500 0 TUITION ASSISTANCE DIOCESE OF ROCKVILLE CENTRE DEPARTMENT OF EDUCATION 128 CHERRY LANE HICKSVILLE NY 11801 300868138 501(C)(3) 28146 0 PROFESSIONAL DEVELOPMENT PROGRAM FOR TEACHERS 35 0 PART I, LINE 2: ALL GRANT FUNDS ARE PAID DIRECTLY TO LOCAL 501 (C) (3) ORGANIZATIONS. TOMORROW'S HOPE FOUNDATION RECEIVES CONFIRMATION IN EACH INSTANCE THAT THE FUNDS WERE APPLIED FOR THE PURPOSE(S) FOR WHICH THE GRANT WAS MADE, INCLUDING FOR TUITION PAYMENTS OR PROGRAMMATIC EXPENDITURES. IF IN ANY INSTANCE IT BECOMES IMPOSSIBLE OR IMPRACTICABLE FOR GRANT FUNDS TO BE APPLIED FOR THE PURPOSE(S) FOR WHICH THEY WERE RECEIVED, THE GRANT RECIPIENTS, I.E. THE SCHOOLS, ARE REQUIRED TO INFORM TOMORROW'S HOPE FOUNDATION AND EITHER RETURN THE UNUSED FUNDS OR APPLY THEM TO A PURPOSE APPROVED BY TOMORROW'S HOPE FOUNDATION. X 0 0 0 0 0 0 0 0 0 ISMINI SCOURAS EXECUTIVE DIRECTOR 182130 0 0 0 0 0 19500 0 0 0 201630 0 0 0 X 7 51065 NYSE X NONCASH GIFTS FOR FUNDRAISING EVENTS 4 10450 THRIFT SHOP 0 0 1 0 PART I, COLUMN (B): COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 2 MARGARET YORK, BOARD MEMBER, AND LEWIS S. RANIERI, CHAIRMAN/PRESIDENT, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION SHALL HAVE SEVEN (7) MEMBERS. THE SEVEN MEMBERS SHALL BE (1) THE DIOCESAN BISHOP, OR IN CASE OF A VACANT SEE, THE ONE EQUIVALENT IN CANON LAW TO THE DIOCESAN BISHOP, SUCH AS THE DIOCESAN OR APOSTOLIC ADMINISTRATOR, WHO SHALL ACT IN PLACE OF THE DIOCESAN BISHOP UNTIL THE SEE IS NO LONGER VACANT, (2) THE VICAR GENERAL OF THE DIOCESE OF ROCKVILLE CENTRE (THE "DIOCESE") OR, IN THE CASE OF A VACANT SEE, THE ONE WHO LAST HELD THE OFFICE OF VICAR GENERAL AT THE TIME THE SEE BECAME VACANT, (3) THE CHIEF FINANCIAL OFFICER (DIRECTOR OF FINANCE) OF THE DIOCESE; (4) THE CHAIR OF THE CORPORATION'S BOARD OF DIRECTORS (SOMETIMES REFERRED TO HEREIN AS THE "BOARD"), WHO SHALL SERVE AS CHAIR OF MEETINGS OF THE MEMBERS, (5) TWO VICE-CHAIRS OF THE CORPORATION'S BOARD, AND (6) AN INDIVIDUAL, WHO IS A BAPTIZED CATHOLIC IN FULL COMMUNION WITH THE CHURCH, ELECTED BY A MAJORITY VOTE OF THE OTHER SIX MEMBERS. IN THE EVENT THAT THE CORPORATION HAS MORE THAN TWO VICE-CHAIRS, THE TWO VICE-CHAIRS WHO SHALL BE MEMBERS SHALL BE CHOSEN BY A MAJORITY VOTE OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7A ELECTED DIRECTORS SHALL BE ELECTED AT THE ANNUAL MEETING OF THE BOARD OF DIRECTORS. PRIOR TO THE ANNUAL MEETING, THE EXECUTIVE COMMITTEE WILL DEVELOP A LIST OF POTENTIAL DIRECTORS, AS WELL AS A LIST OF THOSE CURRENT DIRECTORS WHO ARE TO BE CONSIDERED FOR REELECTION TO THE BOARD, AND WILL PRESENT SUCH LIST TO THE MEMBERS FOR APPROVAL BY UNANIMOUS VOTE. FORM 990, PART VI, SECTION A, LINE 7B ARTICLE III, ARTICLE IV A.10, ARTICLE IV.C, AND ARTICLE XI OF THE BYLAWS SHALL NOT BE AMENDED WITHOUT THE APPROVAL OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PRESENTED TO THE BOARD BY THE TREASURER OF TOMORROW'S HOPE FOUNDATION II FOR REVIEW BEFORE FILING WITH IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL SUCH MATTERS ARE PRESENTED TO THE EXECUTIVE COMMITTEE WHO SENDS IT TO THE BOARD FOR APPROVAL. A CONFLICT OF INTEREST QUESTIONNAIRE IS DISTRIBUTED TO THE BOARD ON AN ANNUAL BASIS AND IS MONITORED BY SENIOR MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION WAS DETERMINED AND APPROVED BY BOARD LEADERSHIP BASED ON THE COMPENSATION OF SIMILAR POSITIONS IN THE AREA, AS WELL AS COMPARABLE TO THE COMPENSATION FROM THE EXECUTIVE DIRECTOR'S PREVIOUS EMPLOYMENT OF SIMILAR NATURE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER OF ASSETS FROM TOMORROWS HOPE FOUNDATION INC 679,955.