PARENT ASSOCIATION OF PS196Q INC

EIN: 463676242 501(c)(3) Education

FOREST HILLS, NY

Total Revenue
$1,522,257
Total Expenses
$1,459,762
Total Assets
$794,969
Net Assets
$494,969
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NY
Principal Officer
RENEE MING
Phone
3397887797
Tax Period
2023-07-01 to 2024-06-30

PARENT ASSOCIATION OF PS196Q INC, founded in 2013, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.5M left a modest 4% surplus.

Mission

TO DEVELOP A COOPERATIVE WORKING RELATIONSHIP BETWEEN PARENTS AND STAFF; TO DEVELOP PARENT LEADERSHIP AND BUILD CAPACITY FOR GREATER INVOLVEMENT; TO FOSTER AND ENCOURAGE PARENT PARTICIPATION AT ALL LEVELS; TO PROVIDE OPPORTUNITIES FOR PARENTS TO PARTICIPATE IN SCHOOL GOVERNANCE AND DECISION-MAKING.

Program Service Accomplishments

Program 1
Expenses: $1,056,538 Revenue: $1,433,119

AFTERSCHOOL PROGRAM SUPPLIES AND EXPENSES THE AFTERSCHOOL PROGRAM PROVIDES AN EDUCATIONAL AND NURTURING ENVIRONMENT FOR ELEMENTARY SCHOOL STUDENTS AT P.S.196Q. PARENTS ARE COMFORTED IN KNOWING THAT...

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AFTERSCHOOL PROGRAM SUPPLIES AND EXPENSES THE AFTERSCHOOL PROGRAM PROVIDES AN EDUCATIONAL AND NURTURING ENVIRONMENT FOR ELEMENTARY SCHOOL STUDENTS AT P.S.196Q. PARENTS ARE COMFORTED IN KNOWING THAT, WHILE THEY ARE AT WORK, THEIR CHILDREN ARE IN A SAFE PLACE AND CONTINUE TO LEARN BY PARTICIPATING IN VARIOUS EXTRACURRICULAR ACTIVITIES.

Program 2
Expenses: $88,499 Revenue: $72,174

ACTIVITIES, SUCH AS FIELD TRIPS AND SPECIAL EVENTS, ARE PROVIDED TO FURTHER ENRICH STUDENTS' ACADEMIC ACHIEVEMENT AS WELL AS PROVIDING A SOCIAL SETTING FOR STUDENTS TO INTERACT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $16,964
Program Service Revenue $1,505,293
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,522,257

Expense Breakdown

Grants Paid $300,000
Salaries & Benefits $510,009
Fundraising Expenses $0
Program Expenses $1,445,037
Other Expenses $649,753
TOTAL EXPENSES $1,459,762

Year-over-Year Comparison

2023 2022 Change
Revenue $1,522,257 $1,454,985 +0.0%
Expenses $1,459,762 $1,331,846 +0.1%
Net Income $62,495 $123,139 -0.5%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
38
Volunteers
6

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
6
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RENEE MING CO-PRESIDENT 5.00
Officer
$0 $0 $0
ELIZABETH FASSLER CO-PRESIDENT 5.00
Officer
$0 $0 $0
ILANA HAAS CO-VICE PRES 5.00
Officer
$0 $0 $0
LINDSEY SWEEDLUND CO-VICE PRES 5.00
Officer
$0 $0 $0
RACHEL BIALIK TREASURER 5.00
Officer
$0 $0 $0
MARINA TASOPOULOS-CHAN SECRETARY 5.00
Officer
$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 No data No data No data No data
2024 $1,522,257 $1,459,762 $794,969 $62,495
2023 $1,454,985 $1,331,846 $732,474 $123,139
2022 $1,233,648 $1,123,581 $309,335 $110,067
2021 $123,762 $493,166 $199,268 $-369,404
2020 $1,362,763 $1,144,907 $568,672 $217,856
2019 $1,605,113 $1,518,180 $350,816 $86,933
2018 $1,474,000 $1,416,317 $263,883 $57,683
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