2024-08-11T22:05:47-07:00 2022-12-31 990 2022-01-01 820665768 HACHESHBONE THE BUDGET INC HACH 6468201256 16 Harriett Lane Spring Valley NY 10977 David Koegel Director 6468201256 2024-08-11 1 2022 2024-08-08 14:25:15Z David Koegel 16 Harriett Lane Spring Valley NY 10977 72297 0 X https://hacheshbonethebudgetinc.godaddysites.com/ X 2016 NY Our mission is to assist families from our community with regular sources of income manage through financially challenging events. We evaluate each need and depending on funds available at the time try to assist all those that need help. 3 3 0 6 0 0 72297 0 0 0 0 72297 70126 0 0 0 0 0 0 70126 0 2171 27580 28938 0 0 27580 28938 Our mission is to assist families from our community with regular sources of income manage through financially challenging events. 0 0 70126 70126 72297 Organization did not establish any new programs. Since its inception it has stayed within its Board established mission. All donations are disbursed. There are no salaried employees and the only expense are the credit card fees netted at time of the donation by the processor prior to depositing funds into the organizations bank account. 0 0 0 The organization was able to source more than 75 donations in this calendar year. 0 0 0 70126 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 0 0 0 1 0 0 0 0 0 0 0 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 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 0 0 1 0 0 0 X David Koegel 9999999999 16 Harriett Lane Spring Valley NY 10977 X David Koegel Director/Board member 10 X 0 0 0 Joseph Brachfeld Member of the Board 1 X 0 0 0 Hillel Gittler Member of the Board 0.1 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 72297 0 72297 0 0 0 0 0 0 0 72297 0 0 0 70126 70126 70126 70126 0 0 27580 28938 27580 28938 0 0 X 27580 28938 0 0 27580 28938 27580 28938 2171 0 0 0 -813 0 X 0 0 0 X 28549 38091 38407 40578 72297 217922 28549 38091 38407 40578 72297 217922 217922 28549 38091 38407 40578 72297 217922 1 1 0 0 X 1 As explained, the Organization maintains the privacy of the individual recipients. It would be terribly embarrassing for an individual to accept charity if he/she knows others from the community will know. Forms of assistance include but not limitd to: coverage of emergency bills ie. utility to avoid shut off. Car repairs to be able to get to work. Medical care. Mental Therapy etc. 36 72297 Schedule I, Part I, Line 2 The organization requires recipients to submit their personal financial information prior to any grant approvals. This process is conducted discreetly and respectfully to avoid embarrassing the beneficiaries. We also abide by the equivalant of Hippa laws in the medical field to protect the benificiary from any disclosure to others, unless required for the family. Form 990, Part VI, Section B, Line 11b The books and records were reviewed to ensure accuracy and compliance with accounting standards. Each entry was cross-referenced with supporting documentation to verify its proper classification. This thorough review aimed to identify any discrepancies or misclassifications. Ultimately, the process ensured that all financial data was accurately represented and reliable for presentation purposes and future access if ever needed. Form 990, Part VI, Section C, Line 19 The organization has a website and posts its financial information on Guidestar. With efforts to maintain complete transparancy the reader should be aware. The Organization follows the Generally Accepted Accounting Principles (GAAP) that pass-through contributions are treated as agency transactions and recorded as a liability (not revenue) by the pass-through entity. As the funds are distributed to the final recipient, the pass-through organization decreases this liability. No revenue or expense are recorded by the intermediary organization. Our Organization was requested to disburse funds that were not donations to Hacheshbone. There were no funds remaining at year end and the balance sheet will not reference it. For the reader, to ensure complete transparency, the Organization discloses that $63,700 was allocated in FY 2022 as pass thru funds. Organization historically has always had revenue of less than $50,000 and filed 990-N's. FY 2022 was the first time we exceeded this amount. We didn't realize it till a full year reconciliation was completed. The Director at that time filed the returns by fax, however, was advised by IRS that the return must be filed electronically. Director then attempted to file electronically on the IRS site without success and promptly notified the IRS in the failed attempt by Fax. It has since been clarified by IRS, Ms. Crowell, Department Manager in a letter dated 7-31-2024 to use a third party processer. We hadn't realize that requirement and signed up with authorized site www.Form990.org to file the returns. Now that the Organization has reached $50k+ in donations, the Director of the organization understands the electronic fiing rule and will adhere to this giong forward. 2023's 990EZ was also rejected and will be filed with www.Form990.org in a short time. Evidencing our committment to the IRS guidlines. Please note there are no salaried employees and all work is on a volunteer basis. There are no excess funds for any expenses other than bank and credit card fees for collections of donations. In advance we appreciate your understanding and hope we can check the file as complete. Thank you David Koegel