Nonprofit · EIN 46-1930359
ATLANTIC HIGHLANDS LIONS FOUNDATION INC
Tax-exempt · ATLANTIC HLDS, NJ 07716
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $47,165 | $33,342 | $13,823 | $668,601 | $0 | $668,601 |
| June 30, 2023 | 990 | $35,694 | $23,254 | $12,440 | $627,713 | $0 | $627,713 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $40,375
- Net gain from sales of assets
- $20,246
- Net income from sales of inventory
- $6,790
- Other revenue
- $6,790
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $33,227
- Management and general (functional)
- $115
Balance sheet and other
- Total assets, start of year
- $627,713
- Total assets, end of year
- $668,601
- Total liabilities, end of year
- $0
- Net assets, end of year
- $668,601
- Net assets without donor restrictions
- $668,601
- Gross receipts
- $50,341
- Employees
- 0
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 June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT JEFFRIES | TREASURER Trustee or director, Officer | 5 | $0 |
| PENELOPE MORRIS | PRESIDENT Trustee or director, Officer | 5 | $0 |
| JACK PARK | VICE PRESIDE Trustee or director, Officer | 5 | $0 |
| LINDA TENNANT | SECRETARY Trustee or director, Officer | 5 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VALERIE FREITAS | TREASURER Officer | 1 | $0 |
| PENELOPE MORRIS | PRESIDENT Officer | 20 | $0 |
| JACK PARK | VICE PRESIDE Officer | 1 | $0 |
| LINDA TENNANT | SECRETARY Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 215, ATLANTIC HLDS, NJ 07716-0215
- In care of
- % MICHAEL T MARRAZZO
- Mailing address (990-N for 2020)
- 47 CENTER AVENUE, LEONARDO NJ 07737
- Principal officer (990 for 2023)
- PENELOPE MORRIS, 14 HENNESSY BLVD, ATLANTIC HIGHLANDS, NJ 07716
- Principal officer (990-N for 2020)
- VALERIE FREITAS, PO BOX 215, ATLANTIC HIGHLANDS NJ 07716
- Signed the 990
- SCOTT JEFFRIES, TREASURER
- Phone
- (732) 291-7380
- Return prepared by
- THOMAS J VETH CPA PC
Mission
TO AWARD DESERVING STUDENTS SCHOLARSHIPS ANNUALLY.
Program accomplishments
- THE ORGANIZATION AWARDS A TOTAL OF 18,000 TO 24,000 IN 2,000 SCHOLARSHIPS EACH YEAR, TO HIGH SCHOOL SENIORS WHO LIVE IN THE BOROUGH AND ARE CAREFULLY SELECTED BY THE SCHOLARSHIP COMMITTEE.
- THE ORGANIZATION AWARDS A TOTAL OF 18,000 TO 24,000 IN 2,000 SCHOLARSHIPS EACH YEAR, TO HIGH SCHOOL SENIORS WHO IN THE BOROUGH AND ARE CAREFULLY SELECTED BY THE SCHOLARSHIP COMMITTEE.Expenses $33,227
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 46-1930359
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $668,601
- Income (IRS master file)
- $50,341
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $47,165 | $33,342 | $668,601 | IRS |
| 990 | June 2023 | $35,694 | $23,254 | $627,713 | XML |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-N for 2020 Officer: VALERIE FREITAS | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Valerie Freitas | June 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2018 Officer: VALERIE FREITAS | June 30, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 46-1930359).
Questions about ATLANTIC HIGHLANDS LIONS FOUNDATION INC
- What is the EIN of ATLANTIC HIGHLANDS LIONS FOUNDATION INC?
- The employer identification number (EIN) of ATLANTIC HIGHLANDS LIONS FOUNDATION INC is 46-1930359.
- Is ATLANTIC HIGHLANDS LIONS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to ATLANTIC HIGHLANDS LIONS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ATLANTIC HIGHLANDS LIONS FOUNDATION 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 ATLANTIC HIGHLANDS LIONS FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ATLANTIC HIGHLANDS LIONS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of ATLANTIC HIGHLANDS LIONS FOUNDATION INC?
- The 990 for the year ended June 30, 2024 names PENELOPE MORRIS.
- Who are the officers and directors of ATLANTIC HIGHLANDS LIONS FOUNDATION INC?
- The 990 for the year ended June 30, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does ATLANTIC HIGHLANDS LIONS FOUNDATION INC have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $47,165, expenses of $33,342 and total assets of $668,601 at year end.
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