Nypen INC: FY2022 Nonprofit Profile & 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 · FY2022

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 FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$385K

Ln 12

Gifts and grantsLn 1h$385K

Investment incomeLn 3$6

Money outPt IX

$466K

Ln 25

Owns and owesPt X

$103K

net assets · Ln 32

Cash and savingsLn 1–2$103K

Total assetsLn 16$103K

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$385K

Investment incomeLn 3$6

Total revenueLn 12$385K

Assets in detailPt X, end of year

CashLn 1$103K

SavingsLn 2$271

Cash and savings togetherLn 1–2$103K

Land, buildings, equipmentLn 10c$0

Total assetsLn 16$103K

LiabilitiesLn 26$0

Net assetsLn 32$103K

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 FY22	End FY22
Cash and savingsLn 1–2	$184K	$103K
Land, buildings, equipmentLn 10c	$0	$0
Total assetsLn 16	$184K	$103K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$184K	$103K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$2K
Office expensesLn 13	$1K
InsuranceLn 23	$6K
Other expenses (24a–d)Ln 24	$448K
All other expensesLn 24e	$9K
Total functional expensesLn 25	$466K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$526K	$537K	−$12K	$111K	990 PDF
FY2023	$505K	$485K	$20K	$123K	990 PDF
FY2022 Viewing	$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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2022 990 (6 parts)

Part I · Summary $385,006 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $227,375$385,000

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $7$6

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $227,382$385,006

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 $201,246$466,253

I-18 Total expensesPrior year $201,246$466,253

I-19 Revenue less expensesPrior year $26,136−$81,247

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 $385,006 across 4 lines filed

VIII-1f All other contributions, gifts and grants$385,000

VIII-1h Total contributions, gifts and grants$385,000

VIII-3 Investment incomeRelated to mission $6$6

VIII-12 Total revenueRelated to mission $6 · Unrelated business $0 · Excluded from tax $0$385,006

Part IX · Statement of functional expenses $466,253 across 5 lines filed

IX-11c Accounting fees$1,998

IX-13 Office expenses$1,340

IX-23 Insurance$5,989

IX-24 Other expenses (24a–d)$447,626

IX-24e All other expenses$9,300

IX-25 Total functional expenses$466,253

Part X · Balance sheet $103,118 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $181,082$102,847

X-2 Savings and temporary cash investmentsStart of year $3,283$271

X-10c Land, buildings and equipment, netStart of year $0$0

X-16 Total assetsStart of year $184,365$103,118

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $184,365$103,118

X-33 Total liabilities and net assetsStart of year $184,365$103,118

Part XI · Reconciliation of net assets $103,118 net assets at year end

XI-1 Total revenue$385,006

XI-2 Total expenses$466,253

XI-3 Revenue less expenses−$81,247

XI-4 Net assets at start of year$184,365

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$103,118

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Nypen INC FY2022 filing

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