Olde Mill Foundation FY2023 filing

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Reduce childhood incarceration through second chance or diversion program.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $253K a year · 54% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
28 mo
of spending, in cash
Looks good: 28.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$345K
+444% vs prior year
Spent
$163K
To programs
88%
Net assets
$431K
By yearFY2020–FY2024
Revenue
$345K
FY2023▲ +444%
Tap a bar for its year
Revenue by fiscal year
FY2020$63K
FY2023$345K
FY2024$587K
Expenses
$163K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2023$163K
FY2024$262K
Net assets
$431K
FY2023▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$355K
FY2023$431K
FY2024$753K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

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

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $144K Management & general 12% · $19K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Program Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A

Sheila Lee’s $52K as Executive Director is at the 30th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2020
Sheila Lee$51,915—
Megan Lee—$24,000

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.

See Olde Mill Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps kids avoid jail with second chance programs.

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3 programs · $144K · in their own filed words · FY2023
01

Local Impact Grant Youth Development mentoring and education

$65Kprogram expense
02

Family Justice Academy of States Attorneys Office. Part of our diversion services.

$57Kprogram expense
03

Auto Theft Prevention Education Information Initiative

$22Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$345K
Ln 12
Investment incomeLn 3$182K
Gifts and grantsLn 1h$163K
Money outPt IX
$163K
Ln 25
Programscol B$144K
Managementcol C$19K
Owns and owesPt X
$431K
net assets · Ln 32
Cash and savingsLn 1–2$384K
Total assetsLn 16$431K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$163K
Government grantsLn 1e$163K
Investment incomeLn 3$182K
Gains on assetsLn 7$182K
Total revenueLn 12$345K
Assets in detailPt X, end of year
CashLn 1$384K
Cash and savings togetherLn 1–2$384K
Land, buildings, equipmentLn 10c$47K
Total assetsLn 16$431K
LiabilitiesLn 26$0
Net assetsLn 32$431K
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
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
LineStart FY23End FY23
Cash and savingsLn 1–2$35K$384K
Land, buildings, equipmentLn 10c$230K$47K
Total assetsLn 16$264K$431K
LiabilitiesLn 26$0$0
Net assetsLn 32$264K$431K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$113K$113K
Office expensesLn 13$23K$23K
OccupancyLn 16$2K$2K
TravelLn 17$605$605
Conferences, conventions and meetingsLn 19$636$636
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$800$800
Other expenses (24a–d)Ln 24$20K$1K$19K
Total functional expensesLn 25$163K$144K$19K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 4, 2025 $587K$262K$324K$753K 990 PDF
FY2023 ViewingFiled with the IRS Oct 10, 2024 $345K$163K$182K$431K 990 PDF
FY2022 Not on file
FY2021 Not on file
FY2020Filed with the IRS Jul 8, 2021 $63K$355K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $344,905 revenue, 12 lines filed
I-8 Contributions and grants$163,140
I-9 Program service revenue$0
I-10 Investment income$181,765
I-11 Other revenue$0
I-12 Total revenue$344,905
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$163,140
I-18 Total expenses$163,140
I-19 Revenue less expenses$181,765
Part VI · Governance 0 of 2 board members independent, 5 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $344,905 across 4 lines filed
VIII-1e Government grants$163,140
VIII-1h Total contributions, gifts and grants$163,140
VIII-7 Net gain or loss on sales of assetsRelated to mission $181,765$181,765
VIII-12 Total revenueRelated to mission $181,765 · Unrelated business $0 · Excluded from tax $0$344,905
Part IX · Statement of functional expenses $163,140 across 8 lines filed
IX-11a Management feesPrograms $112,566$112,566
IX-13 Office expensesPrograms $22,700$22,700
IX-16 OccupancyPrograms $1,832$1,832
IX-17 TravelPrograms $605$605
IX-19 Conferences, conventions and meetingsManagement $636$636
IX-22 Depreciation, depletion and amortizationPrograms $4,090$4,090
IX-23 InsurancePrograms $800$800
IX-24 Other expenses (24a–d)Programs $1,358 · Management $18,553$19,911
IX-25 Total functional expensesPrograms $143,951 · Management $19,189 · Fundraising $0$163,140
Part X · Balance sheet $431,259 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $34,706$384,497
X-10c Land, buildings and equipment, netStart of year $229,564$46,762
X-16 Total assetsStart of year $264,270$431,259
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $264,270$431,259
X-32 Total net assets or fund balancesStart of year $264,270$431,259
X-33 Total liabilities and net assetsStart of year $264,270$431,259
Part XI · Reconciliation of net assets $431,259 net assets at year end
XI-1 Total revenue$344,905
XI-2 Total expenses$163,140
XI-3 Revenue less expenses$181,765
XI-4 Net assets at start of year$264,270
XI-8 Prior period adjustments−$14,776
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$431,259

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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