Casting for Recovery INC

Tax-deductible

Bozeman, MT501(c)(3)Since 1996Health CareEIN 03-0354382

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The mission of Casting for Recovery (CfR) is to empower women in treatment or recovery from breast cancer, through oncology-informed retreats that connect women to each other and nature using the therapeutic sport of fly fishing - all at no cost to the participants.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Run by 1,800 volunteers and 14 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 7
filings with a surplus
Average surplus $242K a year · 12% of revenue · last 7 filings
Fine: a surplus in 6 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$132K
to officers and key staff · 6% of spending
Top officer’s pay lower than 57% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $37K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$69K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 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
$2.5M
+6% vs prior year
Spent
$2.2M
To programs
73%
Net assets
$3.8M
By yearFY2019–FY2025
Revenue
$2.5M
FY2025▲ +6%
Revenue by fiscal year
FY2019$1.9M
FY2020$1.4M
FY2021$1.9M
FY2022$1.8M
FY2023$1.9M
FY2024$2.3M
FY2025$2.5M
Expenses
$2.2M
FY2025▲ +11%
Expenses by fiscal year
FY2019$1.6M
FY2020$927K
FY2021$1.5M
FY2022$1.7M
FY2023$2.0M
FY2024$2.0M
FY2025$2.2M
Net assets
$3.8M
FY2025▲ +11%
Net assets by fiscal year
FY2019$2.1M
FY2020$2.7M
FY2021$3.1M
FY2022$3.0M
FY2023$3.0M
FY2024$3.4M
FY2025$3.8M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1998.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $1.6M Management & general 12% · $276K Fundraising 15% · $330K

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

16 people listed on the 990; $132K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$131,946Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Susan Gaetz’s $132K as Executive Dir. is at the 43rd percentile of top reported officer pay among 3128 $1–10M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Faye Nelson——$121,073$141,142$140,566$119,014
Susan Gaetz$131,946$125,600$110,344———
Whitney Milhoan——————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Casting for Recovery INC 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 15aYes

Programs and updates

Offers free fly-fishing retreats combining education and peer support for women with breast cancer.

Provided by the organization

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1 program · $1.6M · in their own filed words · FY2025
01

Free oncology-informed fly fishing retreats for women in treatment or recovery from breast cancer.

$1.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
See all 5 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.5M
Ln 12
Gifts and grantsLn 1h$1.9M
Other incomeLn 4–11$486K
Investment incomeLn 3$87K
Money outPt IX
$2.2M
Ln 25
Programscol B$1.6M
Managementcol C$276K
Fundraisingcol D$330K
Owns and owesPt X
$3.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$3.9M
LiabilitiesLn 26$69K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Government grantsLn 1e$27K
Noncash giftsLn 1g$70K
Fundraising eventsLn 1c$86K
Investment incomeLn 3$87K
Other incomeLn 4–11$486K
Gains on assetsLn 7$0
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$3K
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$2.7M
Land, buildings, equipmentLn 10c$15K
Other assetsLn 15$17K
Total assetsLn 16$3.9M
LiabilitiesLn 26$69K
Net assetsLn 32$3.8M
OperationsPt I, VI
EmployeesI 514
VolunteersI 61,800
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$942K$1.1M
InvestmentsLn 11–13$2.4M$2.7M
Land, buildings, equipmentLn 10c$15K
Total assetsLn 16$3.6M$3.9M
LiabilitiesLn 26$122K$69K
Net assetsLn 32$3.4M$3.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$135K$88K$18K$30K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$843K$548K$110K$186K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$77K$42K$7K$28K
Payroll taxesLn 10$88K$57K$11K$19K
Management feesLn 11a$0
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$63K$32K$32K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$40K$9K$8K$22K
Advertising and promotionLn 12$39K$10K$29K
Office expensesLn 13$49K$44K$5K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$61K$33K$14K$13K
TravelLn 17$30K$20K$5K$5K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$253$253
InsuranceLn 23$33K$26K$7K
Other expenses (24a–d)Ln 24$723K$677K$20K$26K
All other expensesLn 24e$59K$49K$10K$465
Total functional expensesLn 25$2.2M$1.6M$276K$330K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.5M$2.2M$234K$3.8M 990 PDF
FY2024 $2.3M$2.0M$334K$3.4M 990 PDF
FY2023 $1.9M$2.0M−$103K$3.0M 990 PDF
FY2022 $1.8M$1.7M$76K$3.0M 990 PDF
FY2021 $1.9M$1.5M$330K$3.1M 990 PDF
FY2020 $1.4M$927K$510K$2.7M 990 PDF
FY2019 $1.9M$1.6M$313K$2.1M 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $2,475,492 across 11 lines filed
Lines not itemized here account for $129,417 of total revenue; see the IRS return.
VIII-1c Fundraising events$85,686
VIII-1e Government grants$27,321
VIII-1f All other contributions, gifts and grants$1,789,490
VIII-1g Noncash contributions (included above)$70,387
VIII-1h Total contributions, gifts and grants$1,902,497
VIII-3 Investment incomeExcluded from tax $86,562$86,562
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax $357,016$357,016
VIII-12 Total revenueRelated to mission $9,260 · Excluded from tax $563,735$2,475,492
Part IX · Statement of functional expenses $2,241,587 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $88,024 · Management $17,605 · Fundraising $29,793$135,422
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $548,231 · Management $109,646 · Fundraising $185,555$843,432
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $41,569 · Management $6,928 · Fundraising $28,483$76,980
IX-10 Payroll taxesPrograms $57,114 · Management $11,423 · Fundraising $19,331$87,868
IX-11a Management fees$0
IX-11b Legal feesManagement $1,272$1,272
IX-11c Accounting feesPrograms $31,573 · Management $31,573$63,146
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $9,413 · Management $8,252 · Fundraising $21,856$39,521
IX-12 Advertising and promotionPrograms $10,062 · Management $28,639$38,701
IX-13 Office expensesPrograms $44,328 · Management $4,925$49,253
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $33,327 · Management $14,388 · Fundraising $13,022$60,737
IX-17 TravelPrograms $20,123 · Management $5,183 · Fundraising $5,183$30,489
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationFundraising $253$253
IX-23 InsurancePrograms $26,229 · Management $6,557$32,786
IX-24 Other expenses (24a–d)Programs $676,902 · Management $19,712 · Fundraising $26,155$722,769
IX-24e All other expensesPrograms $48,604 · Management $9,889 · Fundraising $465$58,958
IX-25 Total functional expensesPrograms $1,635,499 · Management $275,992 · Fundraising $330,096$2,241,587
Part X · Balance sheet $3,872,697 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $939,189$1,072,055
X-2 Savings and temporary cash investmentsStart of year $3,123$3,134
X-3 Pledges and grants receivableStart of year $54,104$1,000
X-4 Accounts receivable$0
X-8 Inventories for sale or useStart of year $9,441$14,709
X-9 Prepaid expenses and deferred chargesStart of year $61,973$87,090
X-10c Land, buildings and equipment, net$14,908
X-11 Publicly traded securitiesStart of year $2,435,415$2,663,075
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $48,912$16,726
X-16 Total assetsStart of year $3,552,157$3,872,697
X-17 Accounts payable and accrued expensesStart of year $11,669$26,176
X-25 Other liabilitiesStart of year $110,742$42,574
X-26 Total liabilitiesStart of year $122,411$68,750
X-27 Net assets without donor restrictionsStart of year $848,757$1,072,574
X-28 Net assets with donor restrictionsStart of year $2,580,989$2,731,373
X-32 Total net assets or fund balancesStart of year $3,429,746$3,803,947
X-33 Total liabilities and net assetsStart of year $3,552,157$3,872,697
Part XI · Reconciliation of net assets $3,803,947 net assets at year end
XI-1 Total revenue$2,475,492
XI-2 Total expenses$2,241,587
XI-3 Revenue less expenses$233,905
XI-4 Net assets at start of year$3,429,746
XI-5 Net unrealized gains (losses) on investments$140,296
XI-10 Net assets at end of year$3,803,947

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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