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Nonprofit · EIN 13-4194879

HEARTS OF GOLD INC

Tax-exempt (reinstated) · NEW YORK, NY 10010

Financials

$1.1M$1.1M2022$1M$1.1M2023$1.1M$1.4M2024
Revenue Expenses · by fiscal year end
Financials of HEARTS OF GOLD INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990 (amended)$1,079,765$1,364,331-$284,566$1,306,807$0$1,306,807
December 31, 2023990$1,037,505$1,119,185-$81,680$2,297,102$2,949$2,294,153
December 31, 2022990 (amended)$1,125,422$1,080,093$45,329$2,375,833$0$2,375,833
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$663,625
Membership dues
$70,000
Program service revenue
$0
Investment income
$14,113
Net income from fundraising events
$402,027
Other revenue
$402,027

Expenses

Grants and similar amounts paid
$149,077
Compensation of officers, directors and key employees
$179,430
Other salaries and wages
$78,441
Salaries, compensation and benefits (total)
$283,268
Professional fundraising fees
$0
Accounting fees
$6,100
Occupancy
$492,963
Travel
$28,026
Depreciation
$32,188
Program services (functional)
$1,024,957
Management and general (functional)
$222,019
Fundraising (functional)
$117,355

Balance sheet and other

Total assets, start of year
$2,297,102
Total assets, end of year
$1,306,807
Total liabilities, end of year
$0
Net assets, end of year
$1,306,807
Land, buildings and equipment
$319,191
Net assets without donor restrictions
$1,306,807
Gross receipts
$1,206,722
Employees
13
Volunteers
16
Year formed
2001
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DEBORAH KOENIGSBERGERCEO
Trustee or director, Officer
40$179,430
FLORIAN KOENIGSBERGERASSOCIATE DIRECTOR
Trustee or director
5$0
CHRISTOPHER POULTONASSOCIATE DIRECTOR
Trustee or director
5$0
TOM WANGASSOCIATE DIRECTOR
Trustee or director
10$0
BRENDA BERGERASSOCIATE DIRECTOR
Trustee or director
5$0
CLAUDE CASTROASSOCIATE DIRECTOR
Trustee or director
5$0
LILLIE NKENCHORASSOCIATE DIRECTOR
Trustee or director
5$0
JORDAN TAMCHINASSOCIATE DIRECTOR
Trustee or director
5$0
JACK GINDIVICE CHAIRMAN
Officer
5$0
VALERIE DIFEBOCHAIRPERSON
Officer
5$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
DEBORAH KOENIGSBERGERCEO
Trustee or director, Officer
40$201,825
FLORIAN KOENIGSBERGERASSOCIATE DIRECTOR
Trustee or director
5$0
CHRISTOPHER POULTONASSOCIATE DIRECTOR
Trustee or director
5$0
TOM WANGASSOCIATE DIRECTOR
Trustee or director
10$0
BRENDA BERGERASSOCIATE DIRECTOR
Trustee or director
5$0
CLAUDE CASTROASSOCIATE DIRECTOR
Trustee or director
5$0
LILLIE NKENCHORASSOCIATE DIRECTOR
Trustee or director
5$0
JORDAN TAMCHINASSOCIATE DIRECTOR
Trustee or director
5$0
JACK GINDIVICE CHAIRMAN
Officer
5$0
VALERIE DIFEBOCHAIRPERSON
Officer
5$0
990 for the year ended December 31, 2022: 10 people
NameTitleHours / weekCompensation
DEBORAH KOENIGSBERGERCEO
Trustee or director, Officer
40$194,063
FLORIAN KOENIGSBERGERASSOCIATE DIRECTOR
Trustee or director
5$0
CHRISTOPHER POULTONASSOCIATE DIRECTOR
Trustee or director
5$0
TOM WANGASSOCIATE DIRECTOR
Trustee or director
10$0
BRENDA BERGERASSOCIATE DIRECTOR
Trustee or director
5$0
CLAUDE CASTROASSOCIATE DIRECTOR
Trustee or director
5$0
LILLIE NKENCHORASSOCIATE DIRECTOR
Trustee or director
5$0
JORDAN TAMCHINASSOCIATE DIRECTOR
Trustee or director
5$0
JACK GINDIVICE CHAIRMAN
Officer
5$0
VALERIE DIFEBOCHAIRPERSON
Officer
5$0

Address and contacts

Address (IRS master file)
40 W 25TH STREET, NEW YORK, NY 10010-2707
In care of
% DEBORAH KOENIGSBERGER
Principal officer (990 for 2024)
DEBORAH KOENIGSBERGER, 40 WEST 25TH STREET, NEW YORK, NY 10010
Signed the 990
DEBORAH KOENIGSBERGER, EXECUTIVE DIRECTOR
Phone
(212) 206-1461
Return prepared by
CRAIG L VENOKUR

Mission

A CHARITABLE ORGANIZATION WHOSE MISSION IS TO EMPOWER AND EDUCATE HOMELESS MOTHERS AND THEIR CHILDREN, ENABLING THEM TO BREAK THE VICIOUS CYCLE OF HOMELESSNESS AND TRANSTION OUT OF SHELTERS IN TO PERMANENT HOMES.

990 for the year ended December 31, 2024

Program accomplishments

  • FRESH START PROGRAM - FOR OUR MOMSHEARTS OF GOLD FRESH START UNIVERSITY (FSU) IS A WORKFORCE DEVELOPMENT PROGRAM WHICH PROVIDES INTENSIVE OCCUPATIONAL, SELF-ASSESSMENT AND LIFE-SKILLS TRAINING, AS WELL AS LIVING-WAGE PAID INTERNSHIPS, TO NEW YORK CITY'S EVER-GROWING NUMBER OF HOMELESS, FORMERLY HOMELESS AND LOW-INCOME SINGLE MOTHERS. HEARTS OF GOLD ALSO PROVIDES REUSABLE LAUNDRY BAGS FILLED WITH HOUSEHOLD AND PERSONAL ITEMS TO HOMELESS MOTHERS ENTERING AND EXITING THE NEW YORK CITY SHELTER SYSTEM.
    Expenses $899,674 · grants $149,077
  • YOUTH EDUCATION- FOR OUR CHILDRENHEARTS OF GOLD PROVIDES PRIVATE AND SEMI-PRIVATE TUTORING AT OUR LEARNING CENTER, SUMMER ENRICHMENT PROGRAMS AND SCHOOL SUPPLY GIVEAWAYS TO MOTIVATE HOMELESS, FORMERLY HOMELESS AND LOW INCOME CHILDREN TO STAY IN SCHOOL, EXCEL, AND PURSUE THEIR DREAMS OF HIGHER EDUCATION. OUR APPROACH REFLECTS OUR FOUNDER'S VISION OF HELPING EACH STRUGGLING CHILD REACH THE HIGHEST ACADEMIC BAR HE OR SHE CAN IMAGINE, WHILE GIVING THEM THE OPPORTUNITY TO CREATE A FUTURE THAT WILL OUTSHINE AND REDEFINE THEIR PAST.
    Expenses $125,283

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
13-4194879
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2011
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,306,807
Income (IRS master file)
$1,079,765

Revocation and reinstatement

Exemption revoked
May 15, 2010
Posted by the IRS
June 9, 2011
Reinstated
Effective July 15, 2011

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,079,765$1,364,331$1,306,807XML
990December 2023$1,037,505$1,119,185$2,297,102XML
990December 2022$1,125,422$1,080,093$2,375,833XML
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-4194879).

Questions about HEARTS OF GOLD INC

What is the EIN of HEARTS OF GOLD INC?
The employer identification number (EIN) of HEARTS OF GOLD INC is 13-4194879.
Is HEARTS OF GOLD INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective July 15, 2011.
Are donations to HEARTS OF GOLD INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HEARTS OF GOLD INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of HEARTS OF GOLD INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HEARTS OF GOLD INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of HEARTS OF GOLD INC?
The 990 for the year ended December 31, 2024 names DEBORAH KOENIGSBERGER.
Who are the officers and directors of HEARTS OF GOLD INC?
The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $179,430 (DEBORAH KOENIGSBERGER, CEO).
How much revenue does HEARTS OF GOLD INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,079,765, expenses of $1,364,331 and total assets of $1,306,807 at year end.

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