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Napt Foundation INC FY2021 filing

Tax-deductible

Albany, NY501(c)(3)EducationEIN 14-1820077

To provide education and information to those in the school bus transportation industry.

501(c)(3) charity; gifts are tax-deductible.
48¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
3 of 4
filings with a surplus
Average surplus $27K a year · 5% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
48%
of spending
Concern: 48% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 12.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$166K
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$256K
-63% vs prior year
Spent
$403K
To programs
48%
Net assets
$368K
By yearFY2020–FY2025
Revenue
$256K
FY2021▼ -63%
Revenue by fiscal year
FY2020$686K
FY2021$256K
FY2023$173K
FY2024$562K
FY2025$638K
Expenses
$403K
FY2021▼ -28%
Expenses by fiscal year
FY2020$559K
FY2021$403K
FY2023Not on file
FY2024$472K
FY2025$601K
Net assets
$368K
FY2021▼ -29%
Net assets by fiscal year
FY2020$515K
FY2021$368K
FY2023−$18K
FY2024$72K
FY2025$108K

From the FY2021 Form 990 (year ending June 2021) · see the original

Give Claim
You’re viewing the FY2021 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 2000.

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

Where the money goes

48 cents of each dollar spent went to programs.

Program services 48% · $195K Management & general 52% · $208K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Donald G Paull
Vice President/Treasurer
$0Pt VII · Sec A
George E Donn
Vice President
$0Pt VII · Sec A
Kenneth R Hedgecock
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Donald Tudor
Vice President/Secretary
$0Pt VII · Sec A
Trish Reed
Vice President
$0Pt VII · Sec A
Linda F Bluth
Vice President
$0Pt VII · Sec A
Keith Henry
Vice President
$0Pt VII · Sec A
See Napt Foundation 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

Educates and informs people working in school bus transportation.

Provided by the organization

This section is blank until Napt Foundation INC claims this page.

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1 program service account for $195K of program spending, described in the organization's own filed words · FY2020.
01

To provide education and information to those in the school bus industry.

$195Kprogram expense

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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 · FY2023
Amazonsmile FoundationFY2023$16
Total grants receivedfrom 1 funder$16

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$256K
Ln 12
Investment incomeLn 3$134K
Fees for servicesLn 2g$96K
Other incomeLn 4–11$26K
Money outPt IX
$403K
Ln 25
Programscol B$195K
Managementcol C$208K
Owns and owesPt X
$368K
net assets · Ln 32
Cash and savingsLn 1–2$416K
Total assetsLn 16$534K
LiabilitiesLn 26$166K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$500
Fees for servicesLn 2g$96K
Investment incomeLn 3$134K
Other incomeLn 4–11$26K
Gains on assetsLn 7$134K
Total revenueLn 12$256K
Assets in detailPt X, end of year
CashLn 1$416K
Cash and savings togetherLn 1–2$416K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$109K
Total assetsLn 16$534K
LiabilitiesLn 26$166K
Net assetsLn 32$368K
OperationsPt I, VI
EmployeesI 51
VolunteersI 68
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$412K$416K
Land, buildings, equipmentLn 10c$84K$0
Total assetsLn 16$538K$534K
LiabilitiesLn 26$24K$166K
Net assetsLn 32$515K$368K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$123K$123K
Pension plan contributionsLn 8$6K$6K
Other employee benefitsLn 9$14K$14K
Payroll taxesLn 10$10K$10K
Management feesLn 11a$36K$36K
Other fees for servicesLn 11g$153K$153K
Office expensesLn 13$1K$1K
OccupancyLn 16$6K$6K
Conferences, conventions and meetingsLn 19$2K$2K
InsuranceLn 23−$180−$180
Other expenses (24a–d)Ln 24$52K$4K$48K
All other expensesLn 24e$15$15
Total functional expensesLn 25$403K$195K$208K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $638K$601K$37K$108K 990 PDF
FY2024 $562K$472K$90K$72K 990 PDF
FY2023 $173K−$18K 990 PDF
FY2022 Not on file
FY2021 Viewing $256K$403K−$147K$368K 990 PDF
FY2020 $686K$559K$128K$515K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $255,960 across 7 lines filed
VIII-1f All other contributions, gifts and grants$500
VIII-1h Total contributions, gifts and grants$500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $95,554$95,554
VIII-6 Net rental income or lossUnrelated business −$5,700−$5,700
VIII-7 Net gain or loss on sales of assetsUnrelated business $134,015$134,015
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $31,591$31,591
VIII-12 Total revenueRelated to mission $127,145 · Unrelated business $128,315 · Excluded from tax $0$255,960
Part IX · Statement of functional expenses $403,054 across 12 lines filed
IX-7 Other salaries and wagesPrograms $122,769$122,769
IX-8 Pension plan contributionsPrograms $6,347$6,347
IX-9 Other employee benefitsPrograms $14,444$14,444
IX-10 Payroll taxesPrograms $10,407$10,407
IX-11a Management feesPrograms $35,575$35,575
IX-11g Other fees for servicesManagement $152,678$152,678
IX-13 Office expensesManagement $1,344$1,344
IX-16 OccupancyManagement $6,153$6,153
IX-19 Conferences, conventions and meetingsPrograms $1,500$1,500
IX-23 InsuranceManagement −$180−$180
IX-24 Other expenses (24a–d)Programs $3,953 · Management $48,049$52,002
IX-24e All other expensesPrograms $15$15
IX-25 Total functional expensesPrograms $195,010 · Management $208,044 · Fundraising $0$403,054
Part X · Balance sheet $533,950 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $412,221$416,000
X-9 Prepaid expenses and deferred chargesStart of year $8,639$8,639
X-10c Land, buildings and equipment, netStart of year $83,850$0
X-15 Other assetsStart of year $33,663$109,311
X-16 Total assetsStart of year $538,373$533,950
X-17 Accounts payable and accrued expensesStart of year $16,578$16,361
X-24 Unsecured notes and loans payable$149,900
X-26 Total liabilitiesStart of year $23,590$166,261
X-27 Net assets without donor restrictionsStart of year $514,783$367,689
X-32 Total net assets or fund balancesStart of year $514,783$367,689
X-33 Total liabilities and net assetsStart of year $538,373$533,950
Part XI · Reconciliation of net assets $367,689 net assets at year end
XI-1 Total revenue$255,960
XI-2 Total expenses$403,054
XI-3 Revenue less expenses−$147,094
XI-4 Net assets at start of year$514,783
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$367,689

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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