Katydid Foundation INC FY2021 filing

Tax-deductible

Newburyport, MA501(c)(3)Mental HealthEIN 20-1081826Revenue $48K in FY2021

On file with the IRS7 Julia St, 01950-4105 · Newburyport, MATax-exempt since Jul 2005Publicly supported charity — 170(b)(1)(A)(vi)

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Provide housing assistance to autism adults.

501(c)(3) charity; gifts are tax-deductible.
97¢ 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
0 of 4
filings with a surplus
Average deficit $36K a year · 61% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
24 mo
of spending, in cash
Looks good: 23.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$739K
145% of total assets
Concern: liabilities are 145% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$48K
Spent
$74K
To programs
97%
Net assets
−$230K
By yearFY2021–FY2025
Revenue
$48K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$48K
FY2022$64K
FY2023$72K
FY2024$54K
FY2025$83K
Expenses
$74K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$74K
FY2022$98K
FY2023$100K
FY2024$109K
FY2025Not on file
Net assets
−$230K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021−$230K
FY2022−$293K
FY2023−$322K
FY2024−$377K
FY2025−$411K

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

Form 990 (PDF) 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 Jul 2005.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $72K Management & general 3% · $2K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Katydid 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers housing support for adults with autism.

Questions for Katydid Foundation INC

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Provided by the organization

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1 program · $72K · in their own filed words · FY2020
01

Provide housing assistance to autism adults

$72Kprogram 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
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$48K
Ln 12
Fees for servicesLn 2g$41K
Gifts and grantsLn 1h$6K
Investment incomeLn 3$529
Money outPt IX
$74K
Ln 25
Programscol B$72K
Managementcol C$2K
Owns and owesPt X
−$230K
net assets · Ln 32
Cash and savingsLn 1–2$146K
Total assetsLn 16$510K
LiabilitiesLn 26$739K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Fees for servicesLn 2g$41K
Investment incomeLn 3$529
Total revenueLn 12$48K
Assets in detailPt X, end of year
CashLn 1$146K
Cash and savings togetherLn 1–2$146K
Land, buildings, equipmentLn 10c$356K
Total assetsLn 16$510K
LiabilitiesLn 26$739K
Net assetsLn 32−$230K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$146K$146K
Land, buildings, equipmentLn 10c$391K$356K
Total assetsLn 16$546K$510K
LiabilitiesLn 26$749K$739K
Net assetsLn 32−$203K−$230K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Office expensesLn 13$403$403
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$36K$36K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$25K$25K
Total functional expensesLn 25$74K$72K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $83K−$411K 990 PDF
FY2024 $54K$109K−$55K−$377K 990 PDF
FY2023 $72K$100K−$29K−$322K 990 PDF
FY2022 $64K$98K−$34K−$293K 990 PDF
FY2021 Viewing $48K$74K−$27K−$230K 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 (6 parts)
Part I · Summary $47,606 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,274$5,688
I-9 Program service revenuePrior year $46,822$41,389
I-10 Investment incomePrior year $1,664$529
I-11 Other revenue$0
I-12 Total revenuePrior year $56,760$47,606
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $12,000$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $74,958$74,245
I-18 Total expensesPrior year $86,958$74,245
I-19 Revenue less expensesPrior year −$30,198−$26,639
Part VI · Governance 7 of 7 board members independent, 5 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $47,606 across 5 lines filed
VIII-1f All other contributions, gifts and grants$5,688
VIII-1h Total contributions, gifts and grants$5,688
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $41,389$41,389
VIII-3 Investment incomeRelated to mission $529$529
VIII-12 Total revenueRelated to mission $41,918$47,606
Part IX · Statement of functional expenses $74,245 across 6 lines filed
IX-11c Accounting feesManagement $1,930$1,930
IX-13 Office expensesManagement $403$403
IX-20 InterestPrograms $5,713$5,713
IX-22 Depreciation, depletion and amortizationPrograms $35,557$35,557
IX-23 InsurancePrograms $5,720$5,720
IX-24 Other expenses (24a–d)Programs $24,922$24,922
IX-25 Total functional expensesPrograms $71,912 · Management $2,333 · Fundraising $0$74,245
Part X · Balance sheet $509,756 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $146,489$145,913
X-9 Prepaid expenses and deferred chargesStart of year $1,500$1,500
X-10c Land, buildings and equipment, netStart of year $391,339$356,120
X-14 Intangible assetsStart of year $6,562$6,223
X-16 Total assetsStart of year $545,890$509,756
X-25 Other liabilitiesStart of year $50$216
X-26 Total liabilitiesStart of year $748,982$739,487
X-27 Net assets without donor restrictionsStart of year −$203,092−$229,731
X-32 Total net assets or fund balancesStart of year −$203,092−$229,731
X-33 Total liabilities and net assetsStart of year $545,890$509,756
Part XI · Reconciliation of net assets −$229,731 net assets at year end
XI-1 Total revenue$47,606
XI-2 Total expenses$74,245
XI-3 Revenue less expenses−$26,639
XI-4 Net assets at start of year−$203,092
XI-10 Net assets at end of year−$229,731

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

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