2025-07-15T15:41:12-05:00 2024-08-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2023-09-01 133691813 CARDINAL AND GOLD FUND INC C/O CARDINAL HAYES HIGH SCHOOL CARD 7182926100 650 GRAND CONCOURSE BRONX NY 10451 KEVIN O'HANLON CHAIRMAN 7182926100 2025-07-15 1 1 GARRETT M HIGGINS P00543209 9143818900 2025-07-15 2023 2025-03-06 01:10:19Z KEVIN O'HANLON 650 GRAND CONCOURSE BRONX NY 10451 7280615 0 X N/A X 1992 NY TO PROVIDE FOR THE EDUCATION OF UNDERPRIVILEGED NYC YOUTH AT CARDINAL HAYES HIGH SCHOOL. 11 11 0 45 0 0 3016410 3391216 0 0 211455 190225 -17729 -7394 3210136 3574047 2619011 3660518 0 0 0 0 0 115000 709613 762164 811840 3381175 4587358 -171039 -1013311 9013434 9768249 190726 796476 8822708 8971773 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 3660518 3660518 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. 3660518 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 11 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 X KEVIN O'HANLON CHAIRMAN 5.00 X X 0 0 0 KEVIN JOHNSON TREASURER 5.00 X X 0 0 0 CARLOS MARENCO SECRETARY 5.00 X X 0 0 0 MICHAEL E CAREY DIRECTOR 5.00 X 0 0 0 JOHN DUFFY DIRECTOR 5.00 X 0 0 0 JOHN FONTANA DIRECTOR 5.00 X 0 0 0 JAMES HYNES DIRECTOR 5.00 X 0 0 0 WILLIAM LESSA DIRECTOR 5.00 X 0 0 0 CHARLIE MCCAGHEY DIRECTOR 5.00 X 0 0 0 KEVIN MEENAN DIRECTOR 5.00 X 0 0 0 EDDIE SANCHEZ DIRECTOR 5.00 X 0 0 0 DENNIS CONROY DIRECTOR, THRU JULY 2024 5.00 X 0 0 0 HECTOR JIMENEZ DIRECTOR, THRU MAY 2024 5.00 X 0 0 0 NANCY RHODES VICE PRESIDENT ADVANCEMENT 35.00 X 155312 0 35016 155312 0 35016 1 0 1 1 0 12993 3378223 315720 3391216 118745 118745 3744394 3672914 71480 71480 71480 26260 12993 33654 -7394 -7394 3574047 0 0 182831 3660518 3660518 20200 20200 115000 115000 57113 57113 69783 10883 58900 9845 1478 8367 95872 18090 77782 51248 51248 15596 6069 9527 285 111 174 6901 2685 4216 ALLOCATED COMPENSATION 441635 83724 357911 OTHER EVENT EXPENSES 24726 9622 15104 MISCELLANEOUS 18636 7252 11384 4587358 3660518 217227 709613 772841 215729 189802 90557 48752 18900 5606603 6752620 2395436 2690443 9013434 9768249 18322 41023 0 14056 172404 741397 190726 796476 X 1669928 746790 7152780 8224983 8822708 8971773 9013434 9768249 -1013311 1162376 0 X X 0 1 X 1 0 X 1846047 2533786 3265031 3016410 3391216 14052490 1846047 2533786 3265031 3016410 3391216 14052490 1057738 12994752 100683 57823 93876 103777 118745 474904 14527394 0.89450 0.88690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6306586 720800 987453 607855 7406984 5253700 374852 768564 90530 6306586 5543251 130479 -236417 180613 5256700 4734760 35370 953847 231089 5492888 4456127 8017 328164 232739 4559569 0.00000 0.78749 0.21251 0 0 0 MULTI-STRATEGY HEDGE FUND 2690443 F 2690443 CHARITABLE REMAINDER TRUST PAYABLE 34821 DUE TO CARDINAL HAYES HIGH SCHOOL 706576 741397 X 4679310 1162376 1162376 3516934 57113 57113 3574047 4530245 0 4530245 57113 57113 4587358 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 2021. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 2690443 0 0 0 0 0 0 2690443 0 2690443 0 0 1 0 0 0 SCHEDULE F, PART IV, LINE 3 THE FUND IS NOT REQUIRED TO FILE FORM 5471 AS IT DOES NOT MEET THE APPLICABLE FILING AND/OR OWNERSHIP THRESHOLDS. X X X X X X 1 CHANGING OUR WORLD INC 2055 L STREET NORTH WEST SUITE 600 WASHINGTON DC 20036 FUNDRAISING CAMPAIGN CONSULTING SERVICES 0 0 115000 -115000 115000 -115000 FL MA MD NC NJ NY GOLF OUTING 39253 12993 26260 25074 670 7910 39253 12993 26260 25074 670 7910 33654 -7394 FOR PART I, LINE 2B, COLUMN (V): THE AGREEMENT WITH CHANGING OUR WORLD, INC, PROVIDES FOR PAYMENT FOR DELIVERING THE CAMPAIGN PLAN; MATERIALS REVIEW; RESEARCH; STAKEHOLDER ENGAGEMENT AND DIGITAL SURVEY, BASED ON A FEE SCHEDULE AND THE REIMBURSEMENT OF EXPENSES REASONABLY INCURRED IN CONNECTION WITH THESE SERVICES. CHANGING OUR WORLD, INC, SHALL BE PAID FOR THE ABOVE SCOPE OF WORK $30,000 TO BE BILLED IN EQUAL MONTHLY INSTALLMENTS. TERMS: NOVEMBER 1, 2023 - FEBRUARY 29, 2024 1 CARDINAL HAYES HIGH SCHOOL 650 GRAND CONCOURSE BRONX NY 10451 270670928 501(C)(3) 3660518 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 NANCY RHODES VICE PRESIDENT ADVANCEMENT 154607 0 0 0 705 0 13400 0 21616 0 190328 0 0 0 FORM 990, SCHEDULE J, PART II NANCY RHODES, WHO IS A VICE PRESIDENT ADVANCEMENT OF THE CARDINAL AND GOLD FUND INC, RECEIVED COMPENSATION FROM AN UNRELATED ORGANIZATION THE CARDINAL HAYES HIGH SCHOOL (CHHS) FOR SERVICES RENDERED TO THE CARDINAL AND GOLD FUND INC. THE SERVICE PROVIDED BY NANCY RHODES IS NECESSARY FOR THE CARDINAL AND GOLD FUND INC. TO CARRY OUT ITS PROGRAMS. TOTAL COMPENSATION RECEIVED BY NANCY RHODES IS $190,328, WHICH INCLUDES TAXABLE COMPENSATION IN THE AMOUNT OF $155,312. CONTRIBUTION TO HER PENSION PLAN IN THE AMOUNT OF $13,400 AND MEDICAL BENEFITS IN THE AMOUNT OF $21,616. THIS COMPENSATION IS REPORTED ON FORM 990, PART VII-A AND ON SCH J, PART II. THE CARDINAL AND GOLD FUND INC. REIMBURSED THE CARDINAL HAYES HIGH SCHOOL (CHHS) FOR COMPENSATION PAID TO NANCY RHODES. X 9 315720 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 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.