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Graybeards Ltd FY2022 filing

Tax-deductible

Belle Harbor, NY501(c)(3)Human Services EIN 11-3635931Revenue $698K in FY2022Latest return filed Nov 15, 2024

On file with the IRSgraybeards.comBelle Harbor, NYTax-exempt since Jan 2002Publicly supported charity — 170(b)(1)(A)(vi)

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Graybeards' programs are helpful in establishing friendships on a firmer and long lasting basis in the aftermath of the worst act of terrorism commited against the united states of america on september 11, 2001 and the devastating crash of american airlines flight #587. Our programs foster the good and welfare of the community as well as care for those in the community in their time of need. This year, we achieved our mission by having several social events aimed at improving relationships and for the purpose of fund-raising for specific community related causes.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $27K a year · 5% of revenue · last 4 filings
A surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
98%
of spending
98% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
11.9 mo
of spending, in cash
11.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $750
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$4K
0.7% of total assets
Liabilities are 0.7% of assets.
Pt X · Ln 26
Independent board members
15
of 15 voting members
15 of 15 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$698K
+68% vs prior year
Spent
$505K
To programs
98%
Net assets
$518K
By yearFY2020–FY2023
Revenue
$698K
FY2022▲ +68%
Tap a bar for its year
Revenue by fiscal year
FY2020$389K
FY2021$415K
FY2022$698K
FY2023$629K
Expenses
$505K
FY2022▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2020$427K
FY2021$398K
FY2022$505K
FY2023$695K
Net assets
$518K
FY2022▲ +99%
Tap a bar for its year
Net assets by fiscal year
FY2020$243K
FY2021$260K
FY2022$518K
FY2023$452K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Jan 2002.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $494K Management & general 2% · $12K

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

15 people listed on the 990.

Part VII, Section A · reportable compensation
Tom Morgan
President
$0Pt VII · Sec A
John Cosgrove
Treasurer
$0Pt VII · Sec A
Dan Edwards
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Graybeards Ltd executive salaries →

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

Fosters community friendships and welfare through social events and support for those in need.

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1 program · $494K · in their own filed words · FY2022
01

Graybeards held three fundraising events during the year to help those in the community in their time of need, promote the DEVELOPMENT/EDUCATION of the youth and promote interests in our community.

$494Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Al & Peggy Dematteis Family FoundationFY2024$750
Total grants receivedfrom 1 funder$750
Grants paid · 4 grants · $1.6M · 2020–2023
Unitemized GrantFY2023$544,000
Unitemized GrantFY2022$342,858
Unitemized GrantFY2021$294,901
Unitemized GrantFY2020$390,042

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$698K
Ln 12
Gifts and grantsLn 1h$462K
Other incomeLn 4–11$236K
Investment incomeLn 3$2
Money outPt IX
$505K
Ln 25
Programscol B$494K
Managementcol C$12K
Owns and owesPt X
$518K
net assets · Ln 32
Cash and savingsLn 1–2$500K
Total assetsLn 16$522K
LiabilitiesLn 26$4K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$462K
Fundraising eventsLn 1c$76K
Investment incomeLn 3$2
Other incomeLn 4–11$236K
Total revenueLn 12$698K
Assets in detailPt X, end of year
CashLn 1$277K
SavingsLn 2$223K
Cash and savings togetherLn 1–2$500K
Inventories for sale or useLn 8$200
InvestmentsLn 11–13$22K
Total assetsLn 16$522K
LiabilitiesLn 26$4K
Net assetsLn 32$518K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
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 FY22End FY22
Cash and savingsLn 1–2$326K$500K
InvestmentsLn 11–13$22K
Total assetsLn 16$326K$522K
LiabilitiesLn 26$0$4K
Net assetsLn 32$326K$518K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$343K$343K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$12K$174$12K
Information technologyLn 14$340$340
OccupancyLn 16$110K$110K
TravelLn 17$500$500
Other expenses (24a–d)Ln 24$35K$35K
Total functional expensesLn 25$505K$494K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS Nov 15, 2024 $629K$695K−$66K$452K 990 PDF
FY2022 ViewingFiled with the IRS Nov 15, 2023 $698K$505K$193K$518K 990 PDF
FY2021Filed with the IRS Aug 2, 2024 $415K$398K$18K$260K 990 PDF
FY2020Filed with the IRS May 17, 2021 $389K$427K−$38K$243K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $697,889 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $206,104$461,630
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$2
I-11 Other revenuePrior year $177,766$236,257
I-12 Total revenuePrior year $383,870$697,889
I-13 Grants and similar amounts paidPrior year $153,673$342,858
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 $135,365$162,428
I-18 Total expensesPrior year $289,038$505,286
I-19 Revenue less expensesPrior year $94,832$192,603
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $697,889 across 7 lines filed
Lines not itemized here account for $269,389 of total revenue; see the IRS return.
VIII-1b Membership dues$39,750
VIII-1c Fundraising events$76,217
VIII-1f All other contributions, gifts and grants$345,663
VIII-1h Total contributions, gifts and grants$461,630
VIII-3 Investment incomeExcluded from tax $2$2
VIII-8 Net income from fundraising eventsExcluded from tax −$33,132−$33,132
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $236,259$697,889
Part IX · Statement of functional expenses $505,286 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $342,858$342,858
IX-12 Advertising and promotionPrograms $4,000$4,000
IX-13 Office expensesPrograms $174 · Management $11,575$11,749
IX-14 Information technologyPrograms $340$340
IX-16 OccupancyPrograms $110,443$110,443
IX-17 TravelPrograms $500$500
IX-24 Other expenses (24a–d)Programs $35,396$35,396
IX-25 Total functional expensesPrograms $493,711 · Management $11,575 · Fundraising $0$505,286
Part X · Balance sheet $522,016 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $325,722$276,684
X-2 Savings and temporary cash investments$223,251
X-8 Inventories for sale or use$200
X-12 Other securities$21,881
X-16 Total assetsStart of year $325,722$522,016
X-17 Accounts payable and accrued expenses$3,691
X-26 Total liabilitiesStart of year $0$3,691
X-27 Net assets without donor restrictionsStart of year $325,722$518,325
X-32 Total net assets or fund balancesStart of year $325,722$518,325
X-33 Total liabilities and net assetsStart of year $325,722$522,016
Part XI · Reconciliation of net assets $518,325 net assets at year end
XI-1 Total revenue$697,889
XI-2 Total expenses$505,286
XI-3 Revenue less expenses$192,603
XI-4 Net assets at start of year$325,722
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$518,325

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

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