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Btcf Resources INC FY2023 filing

Tax-deductible

Sheffield, MA501(c)(3)Foundations & GrantmakersEIN 04-3585223Revenue $32K in FY2023

On file with the IRS800 N Main St, 01257-9503 · Sheffield, MATax-exempt since Apr 2002Supporting organization — 509(a)(3)

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To hold real estate for the charitable benefit for the charitable funds held by berkshire taconic community foundation, INC.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
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
2 of 5
filings with a surplus
Average deficit $10K a year · 25% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$139K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$32K
+1% vs prior year
Spent
$45K
To programs
86%
Net assets
$417K
By yearFY2020–FY2024
Revenue
$32K
FY2023▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$61K
FY2021$32K
FY2022$32K
FY2023$32K
FY2024$39K
Expenses
$45K
FY2023▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$52K
FY2021$66K
FY2022$46K
FY2023$45K
FY2024$36K
Net assets
$417K
FY2023▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$477K
FY2021$443K
FY2022$429K
FY2023$417K
FY2024$420K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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 Apr 2002.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $39K Management & general 14% · $6K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
Peter Taylor
Btcf President/CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
David Offensend
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Kelly a Morgan
Director, Thru 4/7/23
$0Pt VII · Sec A
See Btcf Resources 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 15aNo

Programs and updates

Manages real estate to benefit charitable funds.

Questions for Btcf Resources INC

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Provided by the organization

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1 program · $39K · in their own filed words · FY2023
01

The organization held real estate in support of the berkshire taconic community foundation.

$39Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$32K
Ln 12
Fees for servicesLn 2g$32K
Gifts and grantsLn 1h$325
Money outPt IX
$45K
Ln 25
Programscol B$39K
Managementcol C$6K
Owns and owesPt X
$417K
net assets · Ln 32
Cash and savingsLn 1–2$1K
Total assetsLn 16$555K
LiabilitiesLn 26$139K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$325
Fees for servicesLn 2g$32K
Total revenueLn 12$32K
Assets in detailPt X, end of year
CashLn 1$1K
Cash and savings togetherLn 1–2$1K
Land, buildings, equipmentLn 10c$553K
Total assetsLn 16$555K
LiabilitiesLn 26$139K
Net assetsLn 32$417K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
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 FY23End FY23
Cash and savingsLn 1–2$5K$1K
Land, buildings, equipmentLn 10c$588K$553K
Total assetsLn 16$594K$555K
LiabilitiesLn 26$165K$139K
Net assetsLn 32$429K$417K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
OccupancyLn 16$6K$6K
Depreciation, depletion and amortizationLn 22$35K$35K
InsuranceLn 23$518$518
Other expenses (24a–d)Ln 24$3K$3K$35
Total functional expensesLn 25$45K$39K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $39K$36K$3K$420K 990 PDF
FY2023 Viewing $32K$45K−$12K$417K 990 PDF
FY2022 $32K$46K−$14K$429K 990 PDF
FY2021 $32K$66K−$34K$443K 990 PDF
FY2020 $61K$52K$9K$477K 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 FY2023 990 (6 parts)
Part I · Summary $32,410 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$325
I-9 Program service revenuePrior year $32,085$32,085
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $32,085$32,410
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $46,490$44,741
I-18 Total expensesPrior year $46,490$44,741
I-19 Revenue less expensesPrior year −$14,405−$12,331
Part VI · Governance 9 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $32,410 across 4 lines filed
VIII-1f All other contributions, gifts and grants$325
VIII-1h Total contributions, gifts and grants$325
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $32,085$32,085
VIII-12 Total revenueRelated to mission $32,085 · Unrelated business $0 · Excluded from tax $0$32,410
Part IX · Statement of functional expenses $44,741 across 4 lines filed
IX-16 OccupancyManagement $6,151$6,151
IX-22 Depreciation, depletion and amortizationPrograms $35,392$35,392
IX-23 InsurancePrograms $518$518
IX-24 Other expenses (24a–d)Programs $2,645 · Management $35$2,680
IX-25 Total functional expensesPrograms $38,555 · Management $6,186 · Fundraising $0$44,741
Part X · Balance sheet $555,369 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $5,445$1,016
X-9 Prepaid expenses and deferred chargesStart of year $0$1,555
X-10c Land, buildings and equipment, netStart of year $588,190$552,798
X-16 Total assetsStart of year $593,635$555,369
X-25 Other liabilitiesStart of year $2,674$2,674
X-26 Total liabilitiesStart of year $164,773$138,838
X-27 Net assets without donor restrictionsStart of year $428,862$416,531
X-32 Total net assets or fund balancesStart of year $428,862$416,531
X-33 Total liabilities and net assetsStart of year $593,635$555,369
Part XI · Reconciliation of net assets $416,531 net assets at year end
XI-1 Total revenue$32,410
XI-2 Total expenses$44,741
XI-3 Revenue less expenses−$12,331
XI-4 Net assets at start of year$428,862
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$416,531

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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