Extraordinary Ventures INC FY2020 filing

Tax-deductible

Chapel Hill, NC501(c)(3)Since 2007EIN 11-3808390Revenue $1.2M in FY2020

On file with the IRSextraordinaryventures.org200 S Elliott Rd, 27514-5830 · Chapel Hill, NCTax-exempt since Dec 2007Publicly supported charity — 170(b)(1)(A)(vi)

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To provide vocational training and social opportunities for students and adults 15 years of age and older with developmental disabilities.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
4 of 6
filings with a surplus
Average deficit $219 a year · under 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $33K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$122K
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
Spent
$1.1M
To programs
92%
Net assets
$387K
By yearFY2020–FY2025
Revenue
$1.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.3M
FY2023$1.5M
FY2024$1.6M
FY2025$1.8M
Expenses
$1.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$1.5M
FY2023$1.5M
FY2024$1.7M
FY2025$1.7M
Net assets
$387K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$387K
FY2021$498K
FY2022$306K
FY2023$304K
FY2024$243K
FY2025$300K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2007.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $991K Management & general 7% · $75K Fundraising 1% · $14K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Paige Morrow———$11,167$67,000
Lisa Kaylie$65,000$65,000$58,167$55,000—

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.

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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

Trains adults and students with developmental disabilities in job skills through business ventures.

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Provided by the organization

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1 program · $991K · in their own filed words · FY2020
01

During the year the organization provided employment and training to 75 participants through the operation of our conference event center and our business programs for laundry services, office services solutions, candle making (gifts),pet walking, and transit cleaning.

$991Kprogram 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 · FY2024
See all 7 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$994K
Gifts and grantsLn 1h$196K
Investment incomeLn 3$8
Money outPt IX
$1.1M
Ln 25
Programscol B$991K
Managementcol C$75K
Fundraisingcol D$14K
Owns and owesPt X
$387K
net assets · Ln 32
Cash and savingsLn 1–2$346K
Total assetsLn 16$509K
LiabilitiesLn 26$122K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$196K
Fees for servicesLn 2g$994K
Investment incomeLn 3$8
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$342K
SavingsLn 2$4K
Cash and savings togetherLn 1–2$346K
Land, buildings, equipmentLn 10c$65K
Total assetsLn 16$509K
LiabilitiesLn 26$122K
Net assetsLn 32$387K
OperationsPt I, VI
EmployeesI 576
VolunteersI 62
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 FY20End FY20
Cash and savingsLn 1–2$278K$346K
Land, buildings, equipmentLn 10c$73K$65K
Total assetsLn 16$437K$509K
LiabilitiesLn 26$160K$122K
Net assetsLn 32$277K$387K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$273K$216K$46K$11K
Payroll taxesLn 10$20K$16K$3K$825
Accounting feesLn 11c$9K$9K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$16K$16K
Information technologyLn 14$2K$1K$307$307
OccupancyLn 16$131K$126K$5K
TravelLn 17$6K$6K
Depreciation, depletion and amortizationLn 22$14K$14K$570
InsuranceLn 23$10K$8K$1K$284
Other expenses (24a–d)Ln 24$572K$564K$8K
All other expensesLn 24e$22K$20K$1K$2K
Total functional expensesLn 25$1.1M$991K$75K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.8M$1.7M$56K$300K 990 PDF
FY2024 $1.6M$1.7M−$91K$243K 990 PDF
FY2023 $1.5M$1.5M$4K$304K 990 PDF
FY2022 $1.3M$1.5M−$192K$306K 990 PDF
FY2021 $1.3M$1.2M$111K$498K 990 PDF
FY2020 Viewing $1.2M$1.1M$110K$387K 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 FY2020 990 (6 parts)
Part I · Summary $1,189,357 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $187,023$195,590
I-9 Program service revenuePrior year $987,887$993,759
I-10 Investment incomePrior year $3$8
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,174,913$1,189,357
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 $372,941$292,961
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $802,885$786,396
I-18 Total expensesPrior year $1,175,826$1,079,357
I-19 Revenue less expensesPrior year −$913$110,000
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,189,357 across 5 lines filed
Lines not itemized here account for $11,529 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$195,590
VIII-1h Total contributions, gifts and grants$195,590
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $982,230$982,230
VIII-3 Investment incomeExcluded from tax $8$8
VIII-12 Total revenueRelated to mission $993,759 · Unrelated business $0 · Excluded from tax $8$1,189,357
Part IX · Statement of functional expenses $1,079,357 across 12 lines filed
IX-7 Other salaries and wagesPrograms $215,719 · Management $45,854 · Fundraising $11,077$272,650
IX-10 Payroll taxesPrograms $16,068 · Management $3,418 · Fundraising $825$20,311
IX-11c Accounting feesManagement $9,347$9,347
IX-12 Advertising and promotionPrograms $4,227$4,227
IX-13 Office expensesPrograms $15,976$15,976
IX-14 Information technologyPrograms $1,432 · Management $307 · Fundraising $307$2,046
IX-16 OccupancyPrograms $125,698 · Management $5,237$130,935
IX-17 TravelPrograms $5,958$5,958
IX-22 Depreciation, depletion and amortizationPrograms $13,674 · Management $570$14,244
IX-23 InsurancePrograms $8,210 · Management $1,175 · Fundraising $284$9,669
IX-24 Other expenses (24a–d)Programs $563,788 · Management $7,718$571,506
IX-24e All other expensesPrograms $19,957 · Management $1,027 · Fundraising $1,504$22,488
IX-25 Total functional expensesPrograms $990,707 · Management $74,653 · Fundraising $13,997$1,079,357
Part X · Balance sheet $508,551 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $274,758$342,365
X-2 Savings and temporary cash investmentsStart of year $3,560$3,568
X-4 Accounts receivableStart of year $77,181$93,120
X-9 Prepaid expenses and deferred chargesStart of year $8,404$4,883
X-10c Land, buildings and equipment, netStart of year $72,834$64,615
X-16 Total assetsStart of year $436,737$508,551
X-19 Deferred revenueStart of year $139,434$26,999
X-25 Other liabilitiesStart of year $20,306$94,555
X-26 Total liabilitiesStart of year $159,740$121,554
X-27 Net assets without donor restrictionsStart of year $276,997$386,997
X-32 Total net assets or fund balancesStart of year $276,997$386,997
X-33 Total liabilities and net assetsStart of year $436,737$508,551
Part XI · Reconciliation of net assets $386,997 net assets at year end
XI-1 Total revenue$1,189,357
XI-2 Total expenses$1,079,357
XI-3 Revenue less expenses$110,000
XI-4 Net assets at start of year$276,997
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$386,997

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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