Nonprofit · EIN 81-3983435
COMMUNITY INITIATIVE OF NC
Tax-exempt · NEW YORK, NY 10030
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $567,494 | $587,535 | -$20,041 | $28,956 | $9,041 | $19,915 |
| December 31, 2023 | 990 | $736,625 | $767,871 | -$31,246 | $45,459 | $5,503 | $39,956 |
| December 31, 2022 | 990 (amended) | $301,000 | $232,728 | $68,272 | $71,202 | $0 | $71,202 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $567,485
- of which government grants
- $243,295
- Program service revenue
- $0
- Investment income
- $9
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $17,816
- Other salaries and wages
- $191,419
- Salaries, compensation and benefits (total)
- $225,234
- Professional fundraising fees
- $0
- Occupancy
- $77,382
- Travel
- $33,238
- Depreciation
- $2,967
- Program services (functional)
- $388,327
- Management and general (functional)
- $155,526
- Fundraising (functional)
- $43,682
Balance sheet and other
- Total assets, start of year
- $45,459
- Total assets, end of year
- $28,956
- Total liabilities, end of year
- $9,041
- Net assets, end of year
- $19,915
- Land, buildings and equipment
- $13,119
- Net assets without donor restrictions
- $19,915
- Gross receipts
- $567,494
- Employees
- 37
- Volunteers
- 35
- Year formed
- 2016
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 |
|---|---|---|---|
| ALPHONSO COHEN | EXECUTIVE DI Trustee or director, Officer | 40 | $16,315 |
| JANET COHEN | PROGRAM DIRE Trustee or director | 40 | $1,500 |
| THABITI BOONE | BOARD MEMBER Officer | 1 | $0 |
| PHILICIA DAVIS | BOARD MEMBER Officer | 1 | $0 |
| CHRIS JACKSON | BOARD MEMBER Officer | 1 | $0 |
| KAREN SMITH-MOORE | CHAIRPERSON Officer | 1 | $0 |
| JEFFERY WILLIAMS | BOARD MEMBER Officer | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALPHONSO COHEN | EXECUTIVE DI Trustee or director, Officer | 40 | $9,430 |
| JANET COHEN | PROGRAM DIRE Trustee or director | 40 | $3,650 |
| THABITI BOONE | BOARD MEMBER Officer | 1 | $0 |
| PHILICIA DAVIS | BOARD MEMBER Officer | 1 | $0 |
| CHRIS JACKSON | BOARD MEMBER Officer | 1 | $0 |
| KAREN SMITH-MOORE | CHAIRPERSON Officer | 1 | $0 |
| JEFFERY WILLIAMS | BOARD MEMBER Officer | 1 | $0 |
990 for the year ended December 31, 2022: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALPHONSO COHEN | EXECUTIVE DI Trustee or director, Officer | 40 | $0 |
| JANET COHEN | PROGRAM DIRE Trustee or director | 1 | $0 |
| THABITI BOONE | BOARD MEMBER Officer | 1 | $0 |
| PHILICIA DAVIS | BOARD MEMBER Officer | 1 | $0 |
| CHRIS JACKSON | BOARD MEMBER Officer | 1 | $0 |
| KAREN SMITH-MOORE | CHAIRPERSON Officer | 1 | $0 |
| JEFFERY WILLIAMS | BOARD MEMBER Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2293 ADAM CLAYTON POWELL JR BLVD, NEW YORK, NY 10030-2803
- Mailing address (990-N for 2021)
- 2293 Adam Clayton Powell Jr, New York NY 10030
- Principal officer (990 for 2024)
- ALPHONSO COHEN, 2293 ADAM CLAYTON POWELL, NEW YORK, NY 10030
- Principal officer (990-N for 2021)
- Alphonso Cohen, 2293 Adam Clayton Powell Jr, New York NY 10030
- Signed the 990
- ALPHONSO COHEN, EXECUTIVE DIRECTOR
- Phone
- (646) 662-1235
- Website
- www.TCIONY.org
- Return prepared by
- LEHMAN FLYNN VOLLARO NY CPAS PLLC
Mission
WORKING WITH HIGH RISK YOUTH IN MARGINALIZED COMMUNITIES.
Program accomplishments
- WORKING WITH HIGH RISK YOUTH IN MARGINALIZED COMMUNITIES.Expenses $388,327 · revenue $567,494
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
- 81-3983435
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $28,956
- Income (IRS master file)
- $567,494
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $567,494 | $587,535 | $28,956 | XML |
| 990 | December 2023 | $736,625 | $767,871 | $45,459 | XML |
| 990 | December 2022 | $301,000 | $232,728 | $71,202 | XML |
| 990-N for 2021 Officer: Alphonso Cohen | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Alphonso Cohen | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Al Cohen | December 31, 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 81-3983435).
Questions about COMMUNITY INITIATIVE OF NC
- What is the EIN of COMMUNITY INITIATIVE OF NC?
- The employer identification number (EIN) of COMMUNITY INITIATIVE OF NC is 81-3983435.
- Is COMMUNITY INITIATIVE OF NC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to COMMUNITY INITIATIVE OF NC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY INITIATIVE OF NC 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 COMMUNITY INITIATIVE OF NC 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 COMMUNITY INITIATIVE OF NC 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 COMMUNITY INITIATIVE OF NC?
- The 990 for the year ended December 31, 2024 names ALPHONSO COHEN.
- Who are the officers and directors of COMMUNITY INITIATIVE OF NC?
- The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $16,315 (ALPHONSO COHEN, EXECUTIVE DI).
- How much revenue does COMMUNITY INITIATIVE OF NC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $567,494, expenses of $587,535 and total assets of $28,956 at year end.
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