Ypo New England Chapter FY2021 filing

Not tax-deductible

Centerville, MA501(c)(6)EIN 01-0448905Revenue $744K in FY2021

On file with the IRS[email protected]56 Lakeview Dr, 02632-1417 · Centerville, MATax-exempt since Mar 1989

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Educational business league

74¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $67K a year · 7% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
24 mo
of spending, in cash
Looks good: 23.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$239K
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
136
of 15 voting members
Looks good: 136 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$744K
Spent
$556K
To programs
74%
Net assets
$884K
By yearFY2021–FY2024
Revenue
$744K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$744K
FY2022$944K
FY2023$1.0M
FY2024$1.1M
Expenses
$556K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$556K
FY2022$913K
FY2023$1.1M
FY2024$991K
Net assets
$884K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$884K
FY2022$915K
FY2023$836K
FY2024$1.0M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1989.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $412K Management & general 26% · $144K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Chapter Chai
$0Pt VII · Sec A
Forum Office
$0Pt VII · Sec A
Membership C
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Mbr Engageme
$0Pt VII · Sec A
Souse Forum
$0Pt VII · Sec A
Past Chapter
$0Pt VII · Sec A
See Ypo New England Chapter executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates business leaders through monthly programs featuring expert speakers.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Monthly Education Programs

Business oriented education utilizing professional and other experts in their field for a 115 member organization

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$744K
Ln 12
Fees for servicesLn 2g$743K
Investment incomeLn 3$214
Money outPt IX
$556K
Ln 25
Programscol B$412K
Managementcol C$144K
Owns and owesPt X
$884K
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.1M
LiabilitiesLn 26$239K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b136
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$743K
Investment incomeLn 3$214
Total revenueLn 12$744K
Assets in detailPt X, end of year
CashLn 1$664K
SavingsLn 2$428K
Cash and savings togetherLn 1–2$1.1M
Total assetsLn 16$1.1M
LiabilitiesLn 26$239K
Net assetsLn 32$884K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$836K$1.1M
Total assetsLn 16$913K$1.1M
LiabilitiesLn 26$216K$239K
Net assetsLn 32$696K$884K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$583$583
Office expensesLn 13$449$449
Conferences, conventions and meetingsLn 19$304K$304K
Other expenses (24a–d)Ln 24$185K$48K$138K
All other expensesLn 24e$62K$60K$3K
Total functional expensesLn 25$556K$412K$144K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.1M$991K$129K$1.0M 990 PDF
FY2023 $1.0M$1.1M−$78K$836K 990 PDF
FY2022 $944K$913K$30K$915K 990 PDF
FY2021 Viewing $744K$556K$188K$884K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $743,567 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $734,905$743,353
I-10 Investment incomePrior year $376$214
I-11 Other revenue$0
I-12 Total revenuePrior year $735,281$743,567
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $582,422$555,662
I-18 Total expensesPrior year $582,422$555,662
I-19 Revenue less expensesPrior year $152,859$187,905
Part VI · Governance 136 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members136
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $743,567 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $743,353$743,353
VIII-3 Investment incomeRelated to mission $214$214
VIII-12 Total revenueRelated to mission $743,567$743,567
Part IX · Statement of functional expenses $555,662 across 6 lines filed
IX-11c Accounting feesManagement $2,500$2,500
IX-11g Other fees for servicesManagement $583$583
IX-13 Office expensesManagement $449$449
IX-19 Conferences, conventions and meetingsPrograms $304,350$304,350
IX-24 Other expenses (24a–d)Programs $47,923 · Management $137,511$185,434
IX-24e All other expensesPrograms $59,510 · Management $2,836$62,346
IX-25 Total functional expensesPrograms $411,783 · Management $143,879 · Fundraising $0$555,662
Part X · Balance sheet $1,123,090 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $408,616$664,065
X-2 Savings and temporary cash investmentsStart of year $427,713$427,927
X-9 Prepaid expenses and deferred chargesStart of year $76,196$31,098
X-16 Total assetsStart of year $912,525$1,123,090
X-25 Other liabilitiesStart of year $216,114$238,774
X-26 Total liabilitiesStart of year $216,114$238,774
X-32 Total net assets or fund balancesStart of year $696,411$884,316
X-33 Total liabilities and net assetsStart of year $912,525$1,123,090
Part XI · Reconciliation of net assets $884,316 net assets at year end
XI-1 Total revenue$743,567
XI-2 Total expenses$555,662
XI-3 Revenue less expenses$187,905
XI-4 Net assets at start of year$696,411
XI-10 Net assets at end of year$884,316

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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