Nonprofit · EIN 46-4527723
TOP NOTCH SCHOLARS INC
Tax-exempt · LAWRENCE, MA 01840
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $444,014 | $556,156 | -$112,142 | $431,612 | $97,548 | $334,064 |
| December 31, 2023 | 990 (amended) | $707,018 | $549,770 | $157,248 | $533,404 | $87,198 | $446,206 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $429,904
- of which government grants
- $84,000
- Program service revenue
- $8,112
- Investment income
- $4,014
- Net income from fundraising events
- $1,984
- Other revenue
- $1,984
Expenses
- Grants and similar amounts paid
- $8,750
- Compensation of officers, directors and key employees
- $179,362
- Other salaries and wages
- $126,887
- Salaries, compensation and benefits (total)
- $373,341
- Professional fundraising fees
- $0
- Legal fees
- $25
- Accounting fees
- $28,322
- Occupancy
- $45,235
- Travel
- $9,797
- Depreciation
- $10,933
- Program services (functional)
- $408,957
- Management and general (functional)
- $134,294
- Fundraising (functional)
- $12,905
Balance sheet and other
- Total assets, start of year
- $533,404
- Total assets, end of year
- $431,612
- Total liabilities, end of year
- $97,548
- Net assets, end of year
- $334,064
- Land, buildings and equipment
- $94,304
- Net assets without donor restrictions
- $117,242
- Net assets with donor restrictions
- $216,822
- Gross receipts
- $448,356
- Employees
- 14
- Volunteers
- 34
- Year formed
- 2014
- State of legal domicile
- MA
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOANNA DE PEA | CEO Officer | 50 | $96,824 | $2,216 |
| JENNY ALVAREZ | TREASURER Trustee or director, Officer | 50 | $80,319 | $0 |
| RONALD HILL | PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| HOOKS JOHNSTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALISON DOLAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOE ZINGALES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALEX MERCEDES | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOANNA DE PENA | CEO Officer | 40 | $91,088 |
| JENNY ALVAREZ | VICE PRES./T Trustee or director, Officer | 40 | $75,488 |
| RONALD HILL | PRESIDENT Trustee or director, Officer | 10 | $0 |
| ALISON DOLAN | DIRECTOR Trustee or director | 2 | $0 |
| HOOKS JOHNSTON | DIRECTOR Trustee or director | 2 | $0 |
| ALEX MERCEDES | DIRECTOR Trustee or director | 2 | $0 |
| JOE ZINGALES | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 60 ISLAND ST STE 200, LAWRENCE, MA 01840-1835
- Principal officer (990 for 2024)
- JOANNA DE PEA, 60 ISLAND ST SUITE 200 NUM 54, LAWRENCE, MA 01840
- Signed the 990
- JOANNA DE PEA, CEO
- Phone
- (978) 994-8060
- Return prepared by
- ANSTISS & CO PC
Mission
TOP NOTCH SCHOLARS IS A YOUTH LEADERSHIP ORGANIZATION DEDICATED TO HELPING INNER-CITY YOUTH DISCOVER THEIR LIFE PASSIONS AND CAREER GOALS BY BUILDING CONFIDENCE, MOTIVATION, CHARACTER, AND SUCCESS. THROUGH MENTORSHIP, TRAINING, AND REAL-WORLD EXPERIENCES IN OUR ACADEMIES AND INTERNSHIPS, TOP NOTCH EQUIPS YOUNG PEOPLE WITH THE TOOLS TO OVERCOME BARRIERS, GROW AS LEADERS, AND BECOME IMPACTFUL CHANGE-MAKERS IN THEIR COMMUNITIES.
Program accomplishments
- ENTREPRENEURSHIP ACADEMY: THE TOP NOTCH ENTREPRENEURIAL ACADEMY EMPOWERS STUDENTS TO THINK LIKE INNOVATORS AND PROBLEM-SOLVERS THROUGH HANDS-ON EXPERIENCE IN BUSINESS OPERATIONS AND MANAGEMENT. STUDENTS LEARN THE CORE FUNDAMENTALS OF ENTREPRENEURSHIPMARKETING, SALES, COLD CALLING, DOOR KNOCKING, PUBLIC SPEAKING, AND LEADERSHIPWHILE MANAGING A REAL VENTURE: SELLING AND PROMOTING TOP NOTCH WATER. THROUGH MENTORSHIP, WORKSHOPS, AND DIRECT SALES EXPERIENCE, THEY BUILD THE CONFIDENCE, CREATIVITY, AND RESILIENCE NEEDED TO LAUNCH THEIR OWN BUSINESSES OR APPLY ENTREPRENEURIAL THINKING IN ANY CAREER. EVERY DOLLAR FROM WATER SALES GOES DIRECTLY TOWARD SCHOLARSHIPS, GIVING INNER-CITY YOUTH THE OPPORTUNITY TO PURSUE COLLEGE, TRADE PROGRAMS, OR REAL ESTATE CAREERS.Expenses $114,508 · revenue $8,112
- COLLEGE AND CAREER ACADEMY: THIS ACADEMY HELPS STUDENTS EXPLORE ALL POST- SECONDARY PATHWAYSCOLLEGE, TRADES, MILITARY, ENTREPRENEURSHIP, AND MORE WHILE GAINING PRACTICAL LIFE SKILLS AND FINANCIAL GUIDANCE TO AVOID THE DEBT TRAP. THROUGH COLLEGE TOURS, CAREER PANELS, AND ALUMNI MENTORSHIP, STUDENTS BUILD CONFIDENCE, DISCOVER OPPORTUNITIES, AND LEARN HOW TO STAND OUT AS LEADERS IN THEIR FUTURE CAREERS.Expenses $98,150
- GRANTS, SCHOLARSHIPS AND AWARDS. THE ORGANIZATION MAKES GRANTS, SCHOLARSHIPS AND AWARDS TO INDIVIDUALS AND ORGANIZATIONS FOR PROJECTS THAT ARE WITHIN THE SCOPE OF THE ORGANIZATION MISSION.Expenses $89,970 · grants $8,750
- OTHER PROGRAM COSTS.Expenses $106,329
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-4527723
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $431,612
- Income (IRS master file)
- $448,356
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $625,505 | $559,557 | $494,204 | IRS |
| 990 | December 2022 | $439,863 | $342,350 | $257,714 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about TOP NOTCH SCHOLARS INC
- What is the EIN of TOP NOTCH SCHOLARS INC?
- The employer identification number (EIN) of TOP NOTCH SCHOLARS INC is 46-4527723.
- Is TOP NOTCH SCHOLARS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to TOP NOTCH SCHOLARS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TOP NOTCH SCHOLARS 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 TOP NOTCH SCHOLARS 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 TOP NOTCH SCHOLARS 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 TOP NOTCH SCHOLARS INC?
- The 990 for the year ended December 31, 2024 names JOANNA DE PEA.
- Who are the officers and directors of TOP NOTCH SCHOLARS INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $96,824 (JOANNA DE PEA, CEO).
- How much revenue does TOP NOTCH SCHOLARS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $444,014, expenses of $556,156 and total assets of $431,612 at year end.
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