2024-10-18T13:50:45-05:00 2024-06-30 270647727 SMART TAX REDHOOK 445 COLUMBIA STREET BROOKLYN NY 11231 990 2023-07-01 922460863 INSPIRING FUTURES INC INSP 9293767537 461 W 126TH ST BRONX NY 10462 VICKY GARALINA EXECUTIVE DIRECTOR 9293767537 2024-09-05 1 1 DAVID W BAZILE P02067491 7182220006 2023 2024-10-15 13:58:12Z X VICKY GARALINA 778 MORRIS PARK AVE 5W NEW YORK NY 10027 320004 0 0 X WWW.INSPIRINGFUTURES.US X 2022 NY INSPIRING FUTURES WAS FORMED ON NOVEMBER 16, 2022. ITS MISSION IS TO IMPROVE HIGH SCHOOL AND COLLEGE EDUCATIONAL OUTCOMES FOR YOUTH WITH CURRENT OR PAST INVOLVEMENT IN THE CHILD WELFARE, HOMELESS, JUVENILE JUSTICE SYSTEMS THROUGH COMPREHENSIVE AND FLEXIBLE MENTAL HEALTH AND ACADEMIC SUPPORT. 7 0 2 2 0 128600 320004 1100 0 0 0 129700 320004 0 0 11092 93010 0 0 1583 54589 12675 147599 117025 172405 117024 253408 11971 117024 241437 INSPIRING NBSP;FUTURES NBSP;WAS NBSP;FORMED NBSP;ON NBSP;NOVEMBER NBSP;16 NBSP;2022 NBSP;ITS NBSP;MISSION NBSP;IS NBSP;TO NBSP;IMPROVE NBSP;HIGH NBSP;SCHOOL NBSP;AND NBSP;COLLEGE NBSP;EDUCATIONAL NBSP;OUTCOMES NBSP;FOR NBSP;YOUTH NBSP;WITH NBSP;CURRENT NBSP;OR NBSP;PAST NBSP;INVOLVEMENT NBSP;IN NBSP;THE NBSP;CHILD NBSP;WELFARE NBSP;HOMELESS NBSP;JUVENILE NBSP;JUSTICE NBSP;SYSTEMS NBSP;THROUGH NBSP;COMPREHENSIVE NBSP;AND NBSP;FLEXIBLE NBSP;MENTAL NBSP;HEALTH NBSP;AND NBSP;ACADEMIC NBSP;SUPPORT 0 0 147599 311847 9257 INSPIRING FUTURES INC PROVIDES MENTAL HEAL AND EDUCATIONAL SERVICES TO SYSTEM INVOLVED YOUTH AND TRAIN THE COMMUNITY TO INCREASE SUPPORT. OUR MISSION IS TO INCREASE HIGH SCHOOL AND COLLEGE GRADUATION RATES FOR THIS POPULATION. 147599 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 0 0 2 1 0 0 0 AF 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 1 0 0 NY VICKY GARALINA 9293767537 778 MORRIS PARK AVE BRONX NY 10462 VICKY GARALINA EXECUTIVE DIRECTOR 040.00 X X X 70000 0 0 HENRY LOVE BOARD PRESIDENT 001.00 X 0 0 0 DORA OWUOR BOARD SECRETARY 001.00 X 0 0 0 NICHOLAS WOO BOARD TREASURER 001.00 X 0 0 0 VICTOR TARANTINO COMPLIANCE OFFICER 001.00 X 0 0 0 LOREN MICHAELS GENERAL BOARD MEMBER 001.00 X 0 0 0 SHAWN O RILEY GENERAL BOARD MEMBER 001.00 X 0 0 0 TERRENCE SMITH GENERALL BOARD MEMBER 001.00 X 0 0 0 70000 0 0 0 320004 1100 320004 320004 0 0 0 X 70030 22980 1072 176 1017 52324 147599 0 0 0 117024 250395 1271 1742 117024 253408 9510 2461 0 11971 X 0 0 117024 241437 0 0 0 0 0 0 117024 241437 117024 253408 172405 X 1 X 1 X 0 X 128600 218614 347214 128600 218614 347214 347214 1100 1100 2200 129700 219714 349414 X 0.99370 0.00000 0.00000 0.00000 0 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED PAYROLL WAGES AND TAXES TO PAY 2461 2461 X 0 0 0 0 0 0 0 0 0 0 VICKY GARALINA EXECUTIVE DIRECTOR 70000 70000 X DONATED GOODS AND SERVICES REVENUE 1100 FAIR MARKET VALUE (SEE NOTE) 0 1 0 Part I , Line 33 GOODS AND SERVICES DONATED TO INSPIRING FUTURES INC IS VALUED AT THEIR ESTIMATED FAIR MARKET OF USD 1100 AT TIME OF DONATION. THIS IS REPORTED ON THE AUDITED FINANCIAL STATEMENTS. PART V, LINE 3B THE ORGANIZATION DID NOT HAVE ANY UNRELATED BUSINESS GROSS INCOME FOR THE TAX YEAR. ITS REVENUE COMPRISED OF FOUNDATION AND CORPORATE GRANTS, INDIVIDUAL DONATIONS, AND DONATED SERVICES AND REVENUE THAT IS RELATED TO ITS CHARITABLE PURPOSES. PART VI, SECTION A, LINE 1A INSPIRING FUTURES INC GOVERNANCE AND MANAGEMENT BODY INCLUDE, 7 BOARD MEMBERS WITH VOTING RIGHTS, OF WHICH ARE HENRY LOVE, PH.D. MA AS BOARD PRESIDENT, DORA OWUOR, LCSW AS BOARD SECRETARY, NICHOLAS WOO, ED.M MPH, AS TREASURER, VICTOR TARANTINO, J.D. AS COMPLIANCE OFFICER, LOREN MICHAELS, AS GENERAL BOARD MEMBER, SHAWN ORILEY, ED.D, AS GENERAL BOARD MEMBER, AND TERRENCE SMITH, AS GENERAL BOARD MEMBER. VICKY GARALINA, LCSW, IS A GENERAL BOARD MEMBER AND EXECUTIVE DIRECTOR (NO VOTING-MEMBER SINCE MARCH 2022). PART VI, SECTION B, LINE 10B INSPIRING FUTURES IS A SINGLE, INDEPENDENT ORGANIZATION, WITH NO LOCAL CHAPTERS, BRANCHES, OR AFFILIATES. PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 WAS PROVIDED TO THE GOVERNING BODY FOR REVIEW AND APPROVAL, BEFORE IT WAS SUBMITTED. THIS FORM 990 IS PREPARED BY INDEPENDENT ACCOUNTANT, REVIEWED BY EXECUTIVE DIRECTOR, VICKY GARALINA, OR NICHOLAS WOO, BOARD TREASURER, AND FILED BY INDEPENDENT ACCOUNTANT. THE FINANCIAL NUMBERS LISTED ON FORM 990 CORRESPONDS WITH THE AUDITED FINANCIAL STATEMENTS AS PER GENERAL LEDGER. ACCOUNTING REPORTS HAVE BEEN PREPARED TO BACK UP ALL DATA ENTERED. PART VI, SECTION B, LINE 12C ALL EMPLOYEES ARE PROVIDED A SUMMARY OF CONFLICT OF INTEREST POLICY AND MUST SIGN AND COMPLETE AN ACKNOWLEDGEMENT OF ITS RECEIPT AT TIME OF HIRE AND THEREAFTER. BOARD OF DIRECTORS SIGN IT EVERY YEAR. ALL EMPLOYEES ARE PROVIDED A WHISTLEBLOWER POLICY AND MUST SIGN AND COMPLETE AN ACKNOWLEDGMENT OF ITS RECEIPT AT TIME OF HIRE AND THEREAFTER. BOARD OF DIRECTORS SIGN IT EVERY YEAR. PART VI, SECTION B, LINE 15A THE COMPENSATION OF CEO/EXECUTIVE DIRECTOR IS DECIDED BY ORGANIZATION BUDGET AND PEER BENCHMARKING AND VOTE BY GOVERNING BOARD. PART IX, LINE 24E OTHER EXPENSES FOR CURRENT CALENDAR YEAR INCLUDE, CONTRACT SERVICES EXPENSES (USD 46312.85), SUPPLIES, MAILING AND TELEPHONE EXPENSES (USD 1659.67), MISCELLANEOUS (USD 2251.43), FACILITY AND EQUIPMENT EXPENSES WHICH INCLUDE PURCHASES OF LAPTOPS (USD 1840.87) OTHER FORM 990, PART X, LINE 9 - PREPAID EXPENSES AND DEFERRED CHARGES, INCLUDE PREPAID RENT FOR HEYGROUND HARLEM OFFICE (USD 1200), AND PREPAID INSURANCE FOR ANNUAL GENERAL LIABILITY RENEWAL (USD 541.68) FORM 990, PART X, LINE 17 - ACCOUNTS PAYABLE (USD 9425.09) AND CREDIT CARD PAYABLE (USD 84.63) FORM 990, PART X, LINE 25 - INSPIRING FUTURES PROCESSES PAYROLL FOR ALL KEY EMPLOYEES FOR THE CALENDAR YEAR (VICKY GARALINA AMP SHARIQ). PAYROLL TAXES FOR THERAPIST (USD 2460.85) REPRESENTS OTHER LIABILITIES. FORM 990, PART V, LINE 2A - THE 2 REPRESENTS THE TOTAL OF EMPLOYEES PAID UNDER THE FEDERAL ID FOR THE THE CALENDAR YEAR 2023. INSPIRING FUTURES PROCESSES ALL THE PAYROLL AND FILES THE W-3 TRANSMITTAL OF WAGE AND TAX STATEMENTS. FORM 990, PART V, LINE 2B - INSPIRING FUTURES PROCESSES ALL THE ORGANIZATIONS PAYROLL. THEY ALSO FILE ALL REQUIRED UNEMPLOYMENT TAXES UNDER THE FEDERAL ID. FORM 990, PART VI, SECTION A, LINE 8A - THE BOARD SECRETARY, DORA OWUOR, LCSW, TAKES THE MINUTES OF ALL TRUSTEES AND COMMITTEE MEETINGS AND ONCE THE MINUTES ARE APPROVED, THEY ARE STORED IN THE ORGANIZATIONS SHARED GOOGLE DRIVE FOLDER. FORM 990, PART VI, SECTION A, LINE 8B - THE BOARD SECRETARY, DORA OWUOR, LCSW, TAKES THE MINUTES OF ALL TRUSTEES AND COMMITTEE MEETINGS AND ONCE THE MINUTES ARE APPROVED, THEY ARE STORED IN ORGANIZATIONS SHARED GOOGLE DRIVE FOLDER. FORM 990, PART VIII, LINE 1G - LISTED USD 1100 FOR DONATED GOODS AND SERVICES REVENUE FOR TRAININGS PROVIDED TO COVENANT HOUSE OF NEW YORK (CHNY). IT WAS NOT REPORTED ON THE CERTIFIED FINANCIAL STATEMENTS. THERE IS ALSO SUPPLEMENTAL INFORMATION ON SCHEDULE M. FORM 990, PART VII, LINE F - LISTED IS USD 320004, LARGELY DRIVEN BY GROWTH IN FOUNDATION AND CORPORATION GRANTS.