NEW ROCHELLE FUND FOR EDUCATIONAL EXCELLENCE

EIN: 133944017 501(c)(3) Education

NEW ROCHELLE, NY

Total Revenue
$183,401
Total Expenses
$186,100
Total Assets
$627,844
Net Assets
$626,852
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NY
Principal Officer
FORKASLAUREEN
Phone
9145764657
Tax Period
2024-07-01 to 2025-06-30

NEW ROCHELLE FUND FOR EDUCATIONAL EXCELLENCE, founded in 1998, is a small nonprofit in the Education sector that reported $183K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Net assets of $627K represent 41 months of operating reserves.

Mission

THE NEW ROCHELLE FUND FOR EDUCATIONAL EXCELLENCE SUPPORTS OUR SCHOOL SYSTEM AND ITS EXTRAORDINARY, DIVERSE STUDENT BODY THROUGH ADVANCING EQUITY, EXCELLENCE AND INSPRING ALL PUBLIC SCHOOL STUDENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $164,705
Program Service Revenue $4,417
Investment Income $14,279
Other Revenue $0
TOTAL REVENUE $183,401

Expense Breakdown

Grants Paid $22,381
Salaries & Benefits $55,555
Fundraising Expenses $45,798
Program Expenses $50,983
Other Expenses $108,164
TOTAL EXPENSES $186,100

Year-over-Year Comparison

2024 2023 Change
Revenue $183,401 $206,195 -0.1%
Expenses $186,100 $162,310 +0.1%
Net Income $-2,699 $43,885 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
1
Volunteers
45

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
POLOW DEIRDRE VICE ORESIDE 1.00
Officer
$0 $0 $0
SHARP KRISTINE TREASURER 5.00
Officer
$0 $0 $0
QUILLINAN B KRISTIN SECRETARY 5.00
Officer
$0 $0 $0
FORKASLAUREEN CHAIR 5.00
Officer
$0 $0 $0
TARANTINO ALBERT BOARD MEMBER 1.00
Director
$0 $0 $0
ARTILES DAGOBERTO BOARD MEMBER 1.00
Director
$0 $0 $0
KELLY LINDA BOARD MEMBER 1.00
Director
$0 $0 $0
IANNUZZI WILLIAM BOARD MEMBER 1.00
Director
$0 $0 $0
SEBASTIAN-SMITH LATHELL BOARD MEMBER 1.00
Director
$0 $0 $0
GOLDSMITH JENNIFER BOARD MEMBER 1.00
Director
$0 $0 $0
HILTON MEREDITH BOARD MEMBER 1.00
Director
$0 $0 $0
JUSUFAJ MARIANA BOARD MEMBER 1.00
Director
$0 $0 $0
QUINN ADRIENNE JS BOARD MEMBER 1.00
Director
$0 $0 $0
LEWIS MAKEDA BOARD MEMBER 1.00
Director
$0 $0 $0
REYNOLDS COREY W BOARD MEMBER 1.00
Director
$0 $0 $0
TOMEI STEPHANIE BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $183,401 $186,100 $627,844 $-2,699
2024 $206,195 $162,310 $600,673 $43,885
2023 $526,055 $103,093 $582,661 $422,962
2022 $30,493 $37,455 $151,257 $-6,962
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