2017-11-15T12:42:16-06:00 2016-12-31 222232666 FRIEDMAN LLP 327 CENTRAL AVENUE LINWOOD NJ 08221 990 2016-01-01 201212609 BEADS FOR EDUCATION INC BEAD 6098237701 5501 VENTNOR AVENUE VENTNOR NJ 084062341 DEBORAH K ROONEY PRESIDENT 6098237701 2017-11-13 1 AUDREY J SHERRICK P00336820 6099272222 2017-11-13 50.207.240.174 2017-11-13 16:25:39 ES P 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 CD2C7A3DB2AC44F93045F94FB71E2C1E8EB0F250 2016 2021-01-29 14:40:06Z DEBORAH K ROONEY 5501 VENTNOR AVENUE VENTNOR NJ 08406 498896 0 X WWW.BEADSFOREDUCATION.ORG X 2004 NJ PROVIDE EDUCATION OPPORTUNITIES TO LOW-INCOME WOMEN IN KENYA, NOT OTHERWISE AVAILABLE TO THEM. 10 8 1 10 0 0 539182 498896 0 0 0 0 -772 0 538410 498896 116301 34869 0 0 279221 233633 0 0 9003 231898 180550 627420 449052 -89010 49844 669947 753682 2056 15743 667891 737939 X THE ORGANIZATION'S PRIMARY GOAL IS TO IMPROVE THE ECONOMIC OUTLOOK FOR LOW-INCOME WOMEN IN KENYA BY PROVIDING EDUCATIONAL OPPORTUNITIES NOT OTHERWISE AVAILABLE TO THEM. TO THIS END, THE ORGANIZATION PROVIDES SCHOLARSHIPS TO GIRLS AND YOUNG WOMEN TO ENABLE THEM TO ATTEND SCHOOL (ELEMENTARY THROUGH COLLEGE). 0 1 61041 29529 SCHOLARSHIPS - THE ORGANIZATION PAYS SCHOOL AND BOARDING FEES FOR PRIMARY, SECONDARY AND COLLEGE-LEVEL KENYAN STUDENTS BASED ON FINANCIAL NEED AND/OR ACADEMIC MERIT. HIGH SCHOOL GRADUATES INTERN WITH THE PROGRAM FOR ONE YEAR, TEACHING ELEMENTARY STUDENTS FROM THE LOCAL COMMUNITIES. AFTER SUCCESSFUL COMPLETION OF AN INTERNSHIP, THE INTERN QUALIFIES FOR A COLLEGE SCHOLARSHIP. OVER 500 GIRLS HAVE EITHER GRADUATED FROM COLLEGE OR ARE CURRENTLY ENROLLED IN PRIMARY OR SECONDARY SCHOOLS AND COLLEGES. 314310 5340 HIGH SCHOOL TUITION AND DEVELOPMENT - THE HIGH SCHOOL TUITION AND DEVELOPMENT PROGRAMS WERE ESTABLISHED TO IMPROVE THE QUALITY OF EDUCATION FOR STUDENTS FROM THE THE ISINYA, AMBOSELI, AND MASAI MARA REGIONS OF KENYA, BY PROVIDING EDUCATIONAL SUPPLIES, TEACHING MATERIALS, LIBRARY DEVELOPMENT, AND TEACHER TRAINING. A CENTRAL THEME OF THIS PROGRAM AND THE ORGANIZATION IS TO FACILITATE AND SUPPORT A SENSE OF RESPONSIBILITY BY THE GIRLS WHO HAVE BENEFITTED FROM THE PROGRAM TO GIVE BACK TO THEIR COMMUNITIES AND THE ORGANIZATION. TO THIS END, THE ORGANIZATION SPONSORS THEIR HIGH SCHOOL GRADUATES TO WORK AS TEACHER INTERNS IN THE ORGANIZATION'S PRIMARY SCHOOL. DUE TO CHANGES IN REGULATIONS OF THE EXISTING PUBLIC HIGH SCHOOLS IN KENYA, THE ORGANIZATION DECIDED TO EXPAND THIS PROGRAM BY BUILDING ITS OWN HIGH SCHOOL IN KENYA. THE FIRST PHASE OF THE TEMBEA SECONDARY SCHOOL ("TEMBEA") WAS COMPLETED IN DECEMBER 2012 AND OPENED FOR OPERATIONS IN JANUARY 2013. CURRENTLY, THE HIGH SCHOOL CONSISTS OF FOUR CLASSROOMS, THREE DORMITORIES, INTERN HOUSING, A LIBRARY, PRIMARY SCHOOL, DINING HALL AND A KITCHEN FACILITY. ALSO, IT HAS TWO GREENHOUSES WHICH ALLOW THE HIGH SCHOOL TO BE VASTLY SELF-SUFFICIENT IN PROVIDING ITS OWN FOOD SOURCES. IN 2016, A 12TH GRADE WAS ADDED AND THE HIGH SCHOOL HAD ITS FIRST 23 HIGH SCHOOL GRADUATES. ADDITIONAL FACILITIES CONTINUE TO BE ADDED EACH YEAR. THE NEW SCHOOL PROVIDES A TYPE OF QUALITY EDUCATION THAT IS NOT AVAILABLE TO THE VAST MAJORITY OF HIGH SCHOOL STUDENTS IN KENYA. TEMBEA EMPHASIZES CREATIVE AND CRITICAL THINKING, READING AND WRITING PROGRAMS, ENVIRONMENTAL STEWARDSHIP, VALUE OF COMMUNITY SERVICE, APPRECIATION OF ALL CULTURES AND DEVELOPMENT OF LEADERSHIP ATTRIBUTES. ALSO, APPROXIMATELY TWENTY HIGH-SCHOOL GRADUATES ARE CURRENTLY INTERNING AS TEACHERS FOR A SMALL GROUP OF NURSERY SCHOOL AGE STUDENTS. 21524 EDUCATION AND AWARENESS PROGRAMS - THE ORGANIZATION PROVIDES WORKSHOPS AND OTHER PROGRAMS FOR THE SCHOLARSHIP RECIPIENTS AND THEIR COMMUNITIES. THESE WORKSHOPS AND PROGRAMS CAN VARY FROM YEAR TO YEAR AND HAVE INCLUDED SUCH TOPICS AS HIV/AIDS PREVENTION, FEMALE CIRCUMCISION, TEACHER TRAINING, AND TOWN CLEAN-UP INITIATIVES. FAMINE RELIEF - THE ORGANIZATION OPERATES THIS PROGRAM INTERMITTENTLY, ON AN AS-NEEDED BASIS. THE PROGRAM INVOLVES RAISING FUNDS TO DELIVER FOOD SUPPLIES DIRECTLY TO THE FAMILIES OF SPONSORED GIRLS AND OTHERS IN THE COMMUNITY WHO ARE AFFECTED BY DROUGHTS AND THE RESULTING FAMINES. THERE HAVE BEEN TWO DEVASTATING DROUGHTS IN KENYA IN THE LAST DECADE, WHICH LED TO CROPS NOT GROWING, LIVESTOCK STARVING, AND FARMERS AND HERDERS HAVING NO SOURCE OF INCOME TO BUY FOOD TO FEED THEIR FAMILIES. THE EFFECTS OF ONE SEASON OF DROUGHT CAN BE FELT FOR AS MANY AS FIVE YEARS AS THE HERDS ARE REBUILT. IN ADDITION TO DISTRIBUTING FOOD, THE ORGANIZATION TEACHES ALTERNATIVE FOOD SOURCING TECHNIQUES SO THAT THE COMMUNITIES WILL BE BETTER PREPARED FOR THE NEXT POSSIBLE DROUGHT. 396875 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 KE 0 0 0 0 0 0 0 0 X 10 8 1 0 0 0 1 1 1 1 0 0 0 1 0 0 1 1 0 0 NJ X DEBBY ROONEYPRESIDENT 6098237701 5501 VENTNOR AVENUE VENTNOR NJ 08406 DEBORAH K ROONEY PRESIDENT 40.00 X X 0 60000 0 WILLIAM J ROONEY TREASURER 40.00 X X 0 0 0 LINDA MACHT SECRETARY 0.00 X X 0 0 0 BERNHARD HEERSINK BOARD MEMBER 0.00 X 0 0 0 JEFFREY ELEFANTE BOARD MEMBER 0.00 X 0 0 0 SUE LITTLE BOARD MEMBER 0.00 X 0 0 0 HELEN GICHOHI BOARD MEMBER 0.00 X 0 0 0 CYNTHIA MOSS BOARD MEMBER 0.00 X 0 0 0 IRENE KATETE BOARD MEMBER 0.00 X 0 0 0 MARSHAL GORMAN CURRICULUM SUPERVISOR 0.00 X 0 0 0 SUE HEERSINK BOARD MEMBER 0.00 X 0 0 0 0 60000 0 0 0 0 0 0 498896 498896 498896 0 0 0 34869 34869 60000 49200 7800 3000 161468 161343 125 4800 3936 624 240 7365 6040 957 368 20025 20025 11104 500 7953 2651 1500 900 450 150 32560 32560 SCHOOL FOOD 93170 93170 TRAVEL,LODGING AND MEAL 14921 12427 2494 BANK CHARGES 4073 4073 TELEPHONE 2229 1595 534 100 968 335 633 449052 396875 43174 9003 28685 65578 2485 45430 796493 153819 638777 642674 669947 753682 2056 15743 2056 15743 X 556978 530037 110913 207902 667891 737939 669947 753682 X 49844 20204 X 0 1 X 0 0 X 528701 539111 565489 539182 498896 2671379 528701 539111 565489 539182 498896 2671379 782401 1888978 2671379 11356 0.70710 0.72840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 84920 84920 661883 115107 546776 41119 30141 10978 8571 8571 0 642674 519100 20204 20204 498896 0 498896 449052 0 449052 0 449052 PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON FOREIGN EXCHANGE TRANSLATION 20,204. 0 KENYA 1 1 PROGRAM SERVICE - SCHOOL SCHOLARSHIPS SAME AS LISTED ON 990, PAGE 2, UNDER PART III STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS 31381 KENYA 2 19 PROGRAM SERVICE - HIGH SCHOOL TUITION AND DEVELOPMENT SAME AS LISTED ON 990, PAGE 2, UNDER PART III STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS 290539 KENYA 1 1 PROGRAM SERVICES- EDUCATION & AWARENESS SAME AS LISTED ON 990, PAGE 2, UNDER PART III STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS 1804 KENYA 1 1 GENERAL & ADMINISTRATIVE (OFFICE EXPENSE & SUPPLIES, BANK CHARGES FOR FOREIGN CURRENCY TRANSACTIONS) 11426 5 22 0 0 5 22 335150 0 335150 SCHOOL SCHOLARSHIPS AND RELATED STUDENT EXPENSES KENYA 300 34869 CHECK DISBURSEMENT AGAINST FUNDS ON DEPOSIT AT A FINANCIAL INSTITUION N/A N/A 0 0 0 0 0 0 PART I, LINE 2: THE PRESIDENT AND TREASURER OFTEN VISIT KENYA AND MEET WITH THE PROGRAM MANAGER, STUDENTS, AND FAMILIES THAT LIVE IN THE AREA. UPON THESE VISITS THE PRESIDENT OR TREASURER WOULD EASILY RECOGNIZE IF THE STUDENTS WERE NOT BEING PROPERLY TAKEN CARE OF OR TOLD SPECIFICALLY OF ANY ISSUES BY THE GIRLS. ALSO, AT THIS TIME THEY CAN SEE IF THE SCHOOL, OFFICE, LIBRARY, AND OTHER PROGRAMS ARE ADEQUATELY SUPPLIED WITH ITEMS THAT ARE NEEDED TO EFFICIENTLY RUN THESE PROGRAMS. ALSO, REFER TO ANSWER ON SCHEDULE F, PART I, LINE 3 FOR PROCEDURES USED TO ACCOUNT FOR EXPENDITURES USED FROM GRANT FUNDS. PART I, LINE 3: THE KENYAN PROGRAM MANAGER E-MAILS THE PRESIDENT A LIST OF ALL UPCOMING EXPENDITURES. THE PRESIDENT THEN REVIEWS THIS LIST AND APPROVES AND E-MAILS AUTHORIZATION OF PAYMENT. THE PROGRAM MANAGER KEEPS A CHECK REGISTER OF ALL THE AMOUNTS AND PAYEE INFORMATION FOR ALL CHECKS WRITTEN. SHE ALSO MAKES COPIES OF ALL CHECKS THAT ARE ISSUED THAT IS ATTACHED TO THE CHECK REGISTER. THE PROGAM MANAGER THEN E-MAILS THE CHECK REGISTER TO THE PRESIDENT ON A WEEKLY BASIS. THE PROGRAM MANAGER DEVELOPS A BUDGET THAT IS ALSO E-MAILED TO THE PRESIDENT ON A MONTHLY BASIS (OR SOONER IF NEEDED) IN ORDER TO ENSURE ADEQUATE FUNDING IS AVAILABLE FOR ALL EXPENSES. THE PRESIDENT AND TREASURER OFTEN VISIT KENYA AND MEET WITH THE PROGRAM MANAGER TO GO OVER BOTH OPERATING AND ADMINISTRATIVE PROCEDURES. FORM 990, PART III, LINE 3 THE WOMAN'S BUSINESS DEVELOPMENT PROGRAM, WHICH PROVIDED WOMEN IN AFRICA WITH A SUPPLEMENTAL SOURCE OF INCOME THROUGH THE SALE OF TRADITIONAL CRAFTS, WAS DISCONTINUED IN 2016, DUE TO A GREATER CONCENTRATION AND FOCUS ON THE CONTINUING DEVELOPMENT AND OPERATIONS OF THE TEMBEA HIGH SCHOOL. FORM 990, PART VI, SECTION A, LINE 2 THE PRESIDENT AND TREASURER ARE RELATED BY MARRIAGE. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE ORGANIZATION ARE THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE BOARD OF DIRECTORS CAN ELECT NEW MEMBERS TO FULFILL POSITIONS ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B ALL DECISIONS NOT INVOLVING DAY TO DAY OPERATIONS ARE SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS, INCLUDING COMPANY POLICY, SIGNIFICANT CHANGES IN PROGRAMS, ETC. FORM 990, PART VI, SECTION A, LINE 8B THIS QUESTION IS NOT APPLICABLE TO THE ORGANIZATION. THEY DO NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THE BOARD OF DIRECTORS ACTS COLLECTIVELY ON ALL MATTERS, WITHOUT THE USE OF COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S BOARD OF DIRECTORS IS GIVEN A DRAFT OF THE AUDITED FINANCIAL STATEMENTS AND 990 BY THE INDEPENDENT AUDITORS. MEMBERS OF THE BOARD THEN REVIEW AND DISCUSS BOTH FINANCIAL AND NON-FINANCIAL ASPECTS OF THE AUDITED FINANCIAL STATEMENTS AND 990 PRIOR TO SUBMITTING THE 990 TO THE IRS. FORM 990, PART VI, SECTION B, LINE 15A IN 2016, THE PRESIDENT WAS THE ONLY EMPLOYEE PAID COMPENSATION. HER WAGES WERE APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 990'S ARE POSTED ON THE ORGANIZATION'S WEBSITE. ALSO, ANY MEMBER OF THE PUBLIC IS WELCOME TO ARRANGE A VISIT TO THE ORGANIZATION IN ORDER TO REVIEW FORMS 1023 AND 990. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE PROVIDED TO ALL MAJOR DONORS. ALSO,ANY MEMBER OF THE PUBLIC IS WELCOME TO ARRANGE A VISIT TO THE ORGANIZATION IN ORDER TO REVIEW THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS. FORM 990, PART XI, LINE 9: GAIN ON FOREIGN EXCHANGE TRANSLATION 20,204.