2024-07-02T16:23:21-05:00 2023-08-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2022-09-01 133691813 CARDINAL AND GOLD FUND INC C/O CARDINAL HAYES HIGH SCHOOL CARD 7182926100 650 GRAND CONCOURSE BRONX NY 10451 KEVIN O'HANLON PRESIDENT 7182926100 2024-07-02 1 KEVIN OHANLON 999009999 1 GARRETT M HIGGINS P00543209 9143818900 2024-07-02 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z KEVIN O'HANLON 650 GRAND CONCOURSE BRONX NY 10451 9473539 0 X N/A X 1992 NY TO PROVIDE FOR THE EDUCATION OF UNDERPRIVILEGED NYC YOUTH AT CARDINAL HAYES HIGH SCHOOL. 12 10 0 45 0 0 3265031 3016410 0 0 207012 211455 -27876 -17729 3444167 3210136 2093539 2619011 0 0 0 0 0 0 535668 758112 762164 2851651 3381175 592516 -171039 8893570 9013434 461879 190726 8431691 8822708 THE FUND PROVIDES FOR THE EDUCATION OF UNDERPRIVILEGED NYC YOUTH AT CARDINAL HAYES HIGH SCHOOL THROUGH SCHOLARSHIPS, FINANCIAL ASSISTANCE AND SUPPORT OF SCHOOL ACTIVITIES. 0 0 2636434 2619011 0 THE FUND PROVIDES SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO STUDENTS OF CARDINAL HAYES HIGH SCHOOL. CARDINAL HAYES HIGH SCHOOL PROVIDES A TRANSFORMATIVE ACADEMIC PROGRAM FOR YOUNG MEN, PREDOMINATELY IMMIGRANTS AND MEN OF COLOR, IN THE SOUTH BRONX, ONE OF THE HIGHEST NEED AND LOWEST RESOURCE COMMUNITIES IN NEW YORK CITY. MORE THAN 99% OF STUDENTS GRADUATE AND MORE THAN 98% OF THEM GO ON TO HIGHER EDUCATION. 2636434 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 13 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 FL MA MD NC NJ NY X X DENNIS LONERGAN 7182926100 650 GRAND CONCOURSE BRONX NY 10451 JOHN DUFFY PRESIDENT 5.00 2.00 X X 0 0 0 KEVIN O'HANLON VICE PRESIDENT 5.00 0.00 X X 0 0 0 KEVIN JOHNSON SECRETARY/TREASURER 5.00 0.00 X X 0 0 0 CARLOS MARENCO DIRECTOR 5.00 0.00 X 0 0 0 DENNIS CONROY DIRECTOR 5.00 2.00 X 0 0 0 EDWARD SANCHEZ DIRECTOR 5.00 0.00 X 0 0 0 HECTOR JIMENEZ DIRECTOR 5.00 2.00 X 0 0 0 JAMES HYNES DIRECTOR 5.00 2.00 X 0 0 0 JOHN FONTANA DIRECTOR 5.00 2.00 X 0 0 0 KEVIN MEENAN DIRECTOR 5.00 0.00 X 0 0 0 MICHAEL E CAREY DIRECTOR 5.00 40.00 X 0 201824 48257 WILLIAM LESSA DIRECTOR 5.00 40.00 X 0 169315 36675 NANCY RHODES VICE PRESIDENT DEVELOPMENT 35.00 0.00 X 0 151438 35152 0 522577 120084 0 0 1 0 0 56387 2960023 124588 3016410 103777 103777 6305252 6197574 107678 107678 107678 46660 56387 65665 -19005 -19005 1440 164 1276 1276 3210136 0 0 193726 2615260 2615260 3751 3751 14194 14194 16201 16201 39514 39514 4865 1119 3746 88234 10659 77575 45708 10513 35195 10569 10569 6848 1575 5273 ALLOCATED COMPENSATION 500876 113937 386939 OTHER EVENT EXPENSES 33909 17423 115 16371 MISCELLANEOUS 1246 1246 3381175 2636434 209073 535668 1135498 772841 598223 189802 44392 48752 4929755 5606603 2185702 2395436 8893570 9013434 55972 18322 405907 172404 461879 190726 X 2017432 1669928 6414259 7152780 8431691 8822708 8893570 9013434 X -171039 600287 -38231 X X 0 1 X 1 0 X 2055233 1846047 2533786 3265031 3016410 12716507 2055233 1846047 2533786 3265031 3016410 12716507 1020486 11696021 114507 100683 57823 93876 103777 470666 13187173 0.88690 0.91170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5253700 374852 768564 90530 6306586 5543251 130479 -236417 180613 5256700 4734760 35370 953847 231089 5492888 4456127 8017 328164 232739 4559569 4356241 177504 158216 235834 4456127 0.00000 0.81060 0.18940 0 0 0 MULTI-STRATEGY HEDGE FUND 2395436 F 2395436 CHARITABLE REMAINDER TRUST PAYABLE 25729 DUE TO CARDINAL HAYES HIGH SCHOOL 146675 172404 X 3772192 600287 600287 3171905 38231 38231 3210136 3381175 0 3381175 0 3381175 PART V, LINE 4: THE FUND MAINTAINS VARIOUS DONOR-RESTRICTED FUNDS WHOSE PURPOSE IS TO PROVIDE LONG TERM SUPPORT FOR SCHOLARSHIPS FOR STUDENTS ENROLLED AT CARDINAL HAYES HIGH SCHOOL. PART X, LINE 2: THE FUND RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FUND HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE FUND IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2020. PART XI, LINE 4B - OTHER ADJUSTMENTS: ADJUSTMENT TO ALLOWANCE FOR UNCOLLECTIBLE PLEDGES 38,231. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 2395436 0 0 0 0 0 0 2395436 0 2395436 0 0 1 0 0 0 PART III ACCOUNTING METHOD: HALL OF FAME DINNER 84093 42653 41440 35500 8824 GOLF OUTING 18954 13734 5220 19259 2082 103047 56387 46660 54759 10906 65665 -19005 1 CARDINAL HAYES HIGH SCHOOL 650 GRAND CONCOURSE BRONX NY 10451 270670928 501(C)(3) 2615260 0 OPERATING SUPPORT, SCHOLARSHIPS FOR UNDERPRIVILEGED YOUTH AND CAPITAL IMPROVEMENTS 1 0 PART I, LINE 2: THE FUND ANNUALLY REVIEWS THE SCHOOL'S FINANCIAL AID REQUIREMENTS. THESE REQUIREMENTS ARE APPROVED BY THE BOARD OF DIRECTORS AS PART OF THE BUDGET PROCESS. THE SCHOOL THEN SUBMITS INVOICES AND SUPPORTING DOCUMENTATION FOR REVIEW AND APPROVAL BY 1)DIRECTOR OF DEVELOPMENT, 2) THE PRESIDENT AND 3) THE TREASURER OF THE BOARD PRIOR TO THE RELEASE OF FUNDS. THE USE OF FUNDS IS MONITORED AT BOARD MEETINGS FOUR TIMES ANNUALLY. THE FUND PROVIDED ONE-TIME AWARDS TO GRADUATING SENIORS AT CARDINAL HAYES HIGH SCHOOL BASED ON ACHIEVEMENT, MERIT AND TALENT IN A GIVEN AREA. RECIPIENTS WERE DETERMINED BY A COMMITTEE WITH INPUT FROM TEACHERS AND COACHES AT THE SCHOOL AND WERE APPROVED BY THE PRESIDENT AND PRINCIPAL OF CARDINAL HAYES HIGH SCHOOL, WHO ARE BOTH BOARD MEMBERS OF THE FUND. 0 0 0 0 0 0 0 0 0 MICHAEL E CAREY DIRECTOR 0 200959 0 0 0 865 0 13400 0 34857 0 250081 0 0 WILLIAM LESSA DIRECTOR 0 165850 0 0 0 3465 0 13400 0 23275 0 205990 0 0 NANCY RHODES VICE PRESIDENT DEVELOPMENT 0 150721 0 0 0 717 0 13400 0 21752 0 186590 0 0 PART I, LINE 3 THE COMPENSATION WAS PAID BY THE RELATED ORGANIZATION, THE CARDINAL HAYES HIGH SCHOOL (CHHS). THE COMPENSATION OF CHHS PRESIDENT DR. MICHAEL E. CAREY WAS DETERMINED BY THE BOARD. THE SCHOOL UTILIZED COMPARABILITY DATA FROM OTHER BRONX HIGH SCHOOLS. COMPENSATION WAS APPROVED BY CHHS BOARD. THE BOARD APPROVALS ARE KEPT IN THE SCHOOL'S FILE. X 7 124588 AVERAGE SELLING PRICE 0 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS FORM 990, PART VI, SECTION B, LINE 11B THE FUND USES AN OUTSIDE ACCOUNTING FIRM TO PREPARE ITS FORM 990. ONCE THE FORM 990 IS PREPARED, IT IS PROVIDED TO THE FINANCE COMMITTEE FOR THEIR REVIEW AND APPROVAL. ONCE APPROVED, THE FORM 990 IS PROVIDED TO THE FULL BOARD OF DIRECTORS FOR APPROVAL. ANY COMMENTS OR QUESTIONS ARE ADDRESSED PRIOR TO THE FORM 990 BEING APPROVED, AFTER WHICH IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE BOARD MEMBERS REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN ANNUALLY DISCLOSURE STATEMENTS WHICH ARE REVIEWED BY THE PRESIDENT. ANY ISSUES NOT PREVIOUSLY DISCLOSED ARE REFERRED BY THE PRESIDENT TO THE BOARD OR APPROPRIATE COMMITTEE FOR REVIEW. EACH DIRECTOR AND EACH OFFICER OF THE FUND MUST PROMPTLY DISCLOSE ANY DIRECT OR INDIRECT FINANCIAL OR OTHER MATERIAL INTEREST WHICH HE OR SHE HAS OR REASONABLY EXPECT TO HAVE IN ANY PROPOSED OR EXISTING ARRANGEMENT WITH THE FUND. THE DIRECTOR OR OFFICER WHO DISCLOSES A CONFLICT MAY MAKE A PRESENTATION AND RESPOND TO QUESTIONS BY THE BOARD OR COMMITTEE, BUT AFTER SUCH PRESENTATION, HE OR SHE MUST LEAVE THE MEETING DURING THE DISCUSSION OF, AND VOTE ON, THE ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE FUND MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS AVAILABLE ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 650 GRAND CONCOURSE, BRONX, NY 10451... OR BY CALLING THE ORGANIZATION DIRECTLY AT 718-292-6100. FORM 990, PART XI, LINE 9: ADJUSTMENT TO ALLOWANCE FOR UNCOLLECTIBLE PLEDGES -38,231. FORM 990, PART XII, LINE 2C: THE FUND'S FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CARDINAL HAYES HIGH SCHOOL 650 GRAND CONCOURSE BRONX NY 10451 270670928 PROVIDING EDUCATION AND FOSTERING SELF-DEVELOPMENT NY 501(C)(3) LINE 2 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0