STRATEGY STUDIO / PUBLIC DATA EXPLORER

INVEST IN EDUCATION FOUNDATION INC: Form 990EZ, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
INVEST IN EDUCATION FOUNDATION INC (EIN 45-3027711)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-11
IRS object ID
202143159349202119
Schema version
2020v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-11-11T10:53:00-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN141442607PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BST & CO CPAS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line126 COMPUTER DRIVE WESTAddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12205ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN453027711EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1INVEST IN EDUCATION FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlINVEBusinessNameControlTxt
Phone5186408344PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1125 WOLF ROAD NO 410AddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12205ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL J STRIANESEPersonNm
Person TitleCFO & COOPersonTitleTxt
Phone5186408344PhoneNum
Signature2021-11-04SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMICHAELPersonFirstNm
Person LastSTRIANESEPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARK GORCZYCAPreparerPersonNm
PTINP01781464PTIN
Phone5184596700PhoneNum
Preparation2021-11-04PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Website AddressWWW.INVESTINEDUCATION.ORGWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$179,500GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$179,500ContributionsGiftsGrantsEtcAmt
Total Revenue$179,500TotalRevenueAmt
Salaries Other Comp Empl Bnft$97,487SalariesOtherCompEmplBnftAmt
Fees And Other Pymt To Ind Cntrct$76,384FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$17,784OccupancyRentUtltsAndMaintAmt
Other Expenses Total$49,873OtherExpensesTotalAmt
Total Expenses$241,528TotalExpensesAmt
Excess Or Deficit For Year-$62,028ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$116,198NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$54,170NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$109,291BOYAmt
EOY$46,957EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$13,814BOYAmt
EOY$18,023EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$123,105BOYAmt
EOY$64,980EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$6,907BOYAmt
EOY$10,810EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$116,198BOYAmt
EOY$54,170EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeTO PROMOTE IMPROVEMENT IN EDUCATION FOR STUDENTS, INCREASING EDUCATIONAL CHOICE, AND WORKING TO CLOSE GAPS IN EDUCATIONAL ACHIEVEMENT.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomTO PROMOTE IMPROVEMENT IN EDUCATION FOR STUDENTS, INCREASING EDUCATIONAL CHOICE, AND WORKING TO CLOSE GAPS IN EDUCATIONAL ACHIEVEMENT.DescriptionProgramSrvcAccomTxt
Grants And Allocations$0GrantsAndAllocationsAmt
Program Service Expenses$168,857ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$168,857TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (3 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ANTHONY DENICOLA
CHAIR0.00$0$0$0
ROBRT FLANIGAN
TREASURER0.00$0$0$0
MICHAEL J STRIANESE
CFO & COO0.00$38,000$0$0
FieldValueIRS element (for citing)
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1125 WOLF ROAD SUITE 410AddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12205ZIPCd
FieldValueIRS element (for citing)
Phone5186408344PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$154,914CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$925,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,425,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$364,500CurrentTaxYearMinus1YearAmt
Current Tax Year$179,500CurrentTaxYearAmt
Total$3,048,914TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$154,914CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$925,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,425,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$364,500CurrentTaxYearMinus1YearAmt
Current Tax Year$179,500CurrentTaxYearAmt
Total$3,048,914TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,095,110SubstantialContributorsTotAmt
Public Support Total170$1,953,804PublicSupportTotal170Amt
Total Support$3,048,914TotalSupportAmt
Public Support CY1700.64080PublicSupportCY170Pct
Public Support PY1700.62200PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: PAYROLL TAXES AND BENEFITS. AMOUNT: 23,035. DESCRIPTION: OFFICE EXPENSES . AMOUNT: 2,534. DESCRIPTION: TELECOMMUNICATIONS. AMOUNT: 14,230. DESCRIPTION: INSURANCE . AMOUNT: 7,738. DESCRIPTION: SUBSCRIPTION. AMOUNT: 2,336. TOTAL TO FORM 990-EZ, LINE 16: 49,873.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETSDESCRIPTION: DUE FROM RELATED PARTY . BEG. OF YEAR AMOUNT: 7,296. END OF YEAR AMOUNT: 6,631. DESCRIPTION: PREPAID EXPENSES AND DEPOSITS . BEG. OF YEAR AMOUNT: 4,458. END OF YEAR AMOUNT: 10,292. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 2,060. END OF YEAR AMOUNT: 1,100.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIESDESCRIPTION: ACCOUNTS PAYABLE . BEG. OF YEAR AMOUNT: 900. END OF YEAR AMOUNT: 180. DESCRIPTION: ACCRUED EXPENSES . BEG. OF YEAR AMOUNT: 6,007. END OF YEAR AMOUNT: 10,630.