Nypen INC: Nonprofit Profile, Financials & Form 990 (EIN 05-0549302)

Revenue by fiscal year
FY2020	$150K
FY2021	$227K
FY2022	$385K
FY2023	$505K
FY2024	$526K

Expenses by fiscal year
FY2020	$246K
FY2021	$201K
FY2022	$466K
FY2023	$485K
FY2024	$537K

Net assets by fiscal year
FY2020	$158K
FY2021	$184K
FY2022	$103K
FY2023	$123K
FY2024	$111K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2004.

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation

Greg Hersly

Secretary/Treasurer

$0Pt VII · Sec A

Richard Relyea

President

$0Pt VII · Sec A

Josh Zegan

Director

$0Pt VII · Sec A

Marc Cole

Director

$0Pt VII · Sec A

Robert L Bernstein

Director

$0Pt VII · Sec A

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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

Promotes private equity interests by offering educational seminars.

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Provided by the organization

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1 program · in their own filed words · FY2024

01

Numerous educational and networking events were held with members in attendence on topics specifically designed to provide complex, skills-based seminars on a variety of topics regarding the practice of making principal investments within private capital markets through providing educational seminars.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$526K

Ln 12

Gifts and grantsLn 1h$526K

Money outPt IX

$537K

Ln 25

Owns and owesPt X

$111K

net assets · Ln 32

Cash and savingsLn 1–2$111K

Total assetsLn 16$111K

LiabilitiesLn 26$0

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a0

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$526K

Total revenueLn 12$526K

Assets in detailPt X, end of year

CashLn 1$111K

Cash and savings togetherLn 1–2$111K

Total assetsLn 16$111K

LiabilitiesLn 26$0

Net assetsLn 32$111K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$123K	$111K
Total assetsLn 16	$123K	$111K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$123K	$111K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$2K
Office expensesLn 13	$1K
InsuranceLn 23	$4K
Other expenses (24a–d)Ln 24	$510K
All other expensesLn 24e	$20K
Total functional expensesLn 25	$537K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$526K	$537K	−$12K	$111K	990 PDF
FY2023	$505K	$485K	$20K	$123K	990 PDF
FY2022	$385K	$466K	−$81K	$103K	990 PDF
FY2021	$227K	$201K	$26K	$184K	990 PDF
FY2020	$150K	$246K	−$96K	$158K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $525,550 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $504,700$525,550

I-9 Program service revenuePrior year $27$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $504,727$525,550

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 $484,777$537,178

I-18 Total expensesPrior year $484,777$537,178

I-19 Revenue less expensesPrior year $19,950−$11,628

Part VI · Governance 4 to look at

VI-1a Voting members of the governing body0

VI-1b Independent voting members0

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 $525,550 across 3 lines filed

VIII-1f All other contributions, gifts and grants$525,550

VIII-1h Total contributions, gifts and grants$525,550

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$525,550

Part IX · Statement of functional expenses $537,178 across 5 lines filed

IX-11c Accounting fees$2,050

IX-13 Office expenses$1,210

IX-23 Insurance$3,963

IX-24 Other expenses (24a–d)$510,351

IX-24e All other expenses$19,604

IX-25 Total functional expenses$537,178

Part X · Balance sheet $111,440 assets, 5 lines filed

X-1 Cash, non-interest-bearingStart of year $122,797$111,440

X-16 Total assetsStart of year $123,068$111,440

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $123,068$111,440

X-33 Total liabilities and net assetsStart of year $123,068$111,440

Part XI · Reconciliation of net assets $111,440 net assets at year end

XI-1 Total revenue$525,550

XI-2 Total expenses$537,178

XI-3 Revenue less expenses−$11,628

XI-4 Net assets at start of year$123,068

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$111,440

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Nypen INC

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Nypen INC

By the numbers

Filing history

Schedules filed Part IV