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FOOD AND BEVERAGE SCHOLARSHIP FOUNDATION INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
FOOD AND BEVERAGE SCHOLARSHIP FOUNDATION INC (EIN 41-2228149)
Tax period
2024-02-01 to 2025-01-31
Filed
2025-12-12
IRS object ID
202503499349300635
Schema version
2024v5.2
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)
Return2025-12-12T13:05:40-05:00ReturnTs
Tax Period End2025-01-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN260449092PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MC TAX & ACCOUNTING SERVICES INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line145 KNOLLWOOD ROAD SUITE 402AddressLine1Txt
CityElmsfordCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10523ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-02-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN412228149EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE FOOD AND BEVERAGE SCHOLARSHIP FOUDNATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% DANIEL SAALMANInCareOfNm
Business Name ControlFOODBusinessNameControlTxt
Phone9143198047PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line132 THIRD AVE STE 390AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10003ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIEL SAALMANPersonNm
Person TitleTREASURERPersonTitleTxt
Phone9143198047PhoneNum
Signature2025-11-03SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL J COLASUONNOPreparerPersonNm
PTINP00163664PTIN
Phone9146330120PhoneNum
Preparation2025-12-12PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Gross Receipts$48,346GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2007FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTO CREATE, FORM, ESTABLISH & MAINTAIN AN ORGANIZATION TO PROMOTE, FOSTER & ENCOURAGE SCHOLASTIC ACHIEVEMENT, EDUCATIONAL EXCELLENCE AND INTELLECTUAL ADVANCEMENT BY ESTABLISHING A SCHOLARSHIP FUND TO BENEFIT INDIVIDUALS AND INSITUTIONS INVOLVED WITH THE FOOD AND BEVERAGE INDUSTRY.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$48,346TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
CY Contributions Grants$0CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$48,346CYOtherRevenueAmt
CY Total Revenue$48,346CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
CY Other Expenses$51,321CYOtherExpensesAmt
CY Total Expenses$51,321CYTotalExpensesAmt
CY Revenues Less Expenses-$2,975CYRevenuesLessExpensesAmt
Total Assets EOY$0TotalAssetsEOYAmt
Total Liabilities BOY$11,611TotalLiabilitiesBOYAmt
Total Liabilities EOY$14,586TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$11,611NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$14,586NetAssetsOrFundBalancesEOYAmt
MissionTO CREATE, FORM, ESTABLISH & MAINTAIN AN ORGANIZATION TO PROMOTE, FOSTER & ENCOURAGE SCHOLASTIC ACHIEVEMENT, EDUCATIONAL EXCELLENCE AND INTELLECTUAL ADVANCEMENT BY ESTABLISHING A SCHOLARSHIP FUND TO BENEFIT INDIVIDUALS AND INSITUTIONS INVOLVED WITH THE FOOD AND BEVERAGE INDUSTRY.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$51,321ExpenseAmt
Revenue$48,346RevenueAmt
DescTO CREATE, FORM, ESTABLISH AND MAINTAIN AN ORGANIZATION TO PROMOTE, FOSTER AND ENCOURAGE SCHOLASTIC ACHIEVEMENT, EDUCATIONAL EXCELLENCE AND INTELLECTUAL ADVANCEMENT BY ESTABLISHING A SCHOLARSHIP FUND TO BENEFIT INDIVIDUALS AND INSTITUTIONS INVOLVED WITH THE FOOD AND BEVERAGE INDUSTRY.Desc
Total Program Service Expenses$51,321TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member0IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyfalseMinutesOfGoverningBodyInd
Minutes Of CommitteesfalseMinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
OtherYes (X)OtherInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonTAXPAYERPersonNm
Phone9143198047PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 E 14TH STREET SUITE 390AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10003ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
SEAN CASSIDY
VICE PRESIDENT1.000.00Yes (X)$0$0$0
GUS MONTESANTOS
2ND VICE PRESIDENT1.000.00Yes (X)$0$0$0
PHILIP DAVID
SERGEANT AT ARM1.000.00Yes (X)$0$0$0
TEDDY MIHALIADIS
SECRETARY1.000.00Yes (X)$0$0$0
GLADYS MOUTON DI STEFANO
CHAIRMAN20.000.00Yes (X)$0$0$0Yes (X)
STEVEN GATTULLO
PRESIDENT1.000.00Yes (X)$0$0$0Yes (X)
DANIEL SAALMAN
TREASURER3.000.00Yes (X)$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Fundraising Gross Income$48,346FundraisingGrossIncomeAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$48,346TotalRevenueColumnAmt
Unrelated Business Revenue$48,346UnrelatedBusinessRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$48,346TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$48,346UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$25,980TotalAmt
Program Services$25,980ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$46TotalAmt
Program Services$46ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$558TotalAmt
Program Services$558ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$794TotalAmt
Program Services$794ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
TELECOMMUNICATIONS$2,326$2,326
ADMINISTRATOR$1,400$1,400
DONATIONS DISTRIBUTED$2,200$2,200
CATERING RENTALS$15,579$15,579

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,438TotalAmt
Program Services$2,438ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$51,321TotalAmt
Program Services$51,321ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$11,611BOYAmt
EOY$14,586EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$11,611BOYAmt
EOY$14,586EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY-$11,611BOYAmt
EOY-$14,586EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$11,611BOYAmt
EOY-$14,586EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$2,975ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$25,875CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$10,000CurrentTaxYearMinus3YearsAmt
Total$35,875TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$48,039CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$21,926CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$44,046CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$45,743CurrentTaxYearMinus1YearAmt
Total$159,754TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$73,914CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$31,926CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$44,046CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$45,743CurrentTaxYearMinus1YearAmt
Total$195,629TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$195,629PublicSupportTotal509Amt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$73,914CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$31,926CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$44,046CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$45,743CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$195,629TotalAmt
FieldValueIRS element (for citing)
Public Support CY5091.00000PublicSupportCY509Pct
Public Support PY5091.00000PublicSupportPY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct
Investment Income PY0.00000InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GOLF OUTINGEvent1Nm
Gross Receipts Event1$42,809GrossReceiptsEvent1Amt
Gross Revenue Event1$42,809GrossRevenueEvent1Amt
Food And Beverage Event1$15,579FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$35,743OtherDirectExpensesEvent1Amt
Event2DINNER MEETIEvent2Nm
Gross Receipts Event2$5,537GrossReceiptsEvent2Amt
Gross Revenue Event2$5,537GrossRevenueEvent2Amt
Gross Receipts Total$48,346GrossReceiptsTotalAmt
Gross Revenue Total Events$48,346GrossRevenueTotalEventsAmt
Food And Beverage Total Events$15,579FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$35,743OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$51,322DirectExpenseSummaryEventsAmt
Net Income Summary-$2,976NetIncomeSummaryAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Governing body meeting documentation Part VI line 8aNO REVIEW WAS OR WILL BE CONDUCTED.
Committee meeting documentation Part VI line 8bNO REVIEW WAS OR WILL BE CONDUCTED.
Form 990 governing body review Part VI line 11NO REVIEW WAS OR WILL BE CONDUCTED.
Form 990 availability to public Part VI line 18NO REVIEW WAS OR WILL BE CONDUCTED.
Governing documents etc available to public Part VI line 19NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC.
List of other fees for services expenses Part IX line 11gNO REVIEW WAS OR WILL BE CONDUCTED.
List of other expenses Part IX line 24eNO REVIEW WAS OR WILL BE CONDUCTED.