Fairway Foundation INC FY2020 filing

Tax-deductible

Madison, WI501(c)(3)Human ServicesEIN 20-1161841Revenue $563K in FY2020

On file with the IRS4750 S Biltmore Ln, 53718-2106 · Madison, WITax-exempt since Apr 2005Publicly supported charity — 170(b)(1)(A)(vi)

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Bestow grants to individuals, families or organizations in need.

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

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
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 5
filings with a surplus
Average surplus $141K a year · 25% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
19 mo
of spending, in cash
Looks good: 18.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$190K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$563K
Spent
$629K
To programs
98%
Net assets
$937K
By yearFY2020–FY2024
Revenue
$563K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$563K
FY2021$814K
FY2022$101K
FY2023$125K
FY2024$1.2M
Expenses
$629K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$629K
FY2021$454K
FY2022$198K
FY2023$189K
FY2024$623K
Net assets
$937K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$937K
FY2021$1.3M
FY2022$1.2M
FY2023$1.1M
FY2024$1.7M

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

990 PDF Claim
You’re viewing the FY2020 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 Apr 2005.

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% · $614K Management & general 2% · $15K

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
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Fairway 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

Provides financial aid to individuals, families, and organizations facing hardship.

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Provided by the organization

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1 program · $614K · in their own filed words · FY2020
01

Fairway foundation gives to individuals, families or organizations in need. This can include, but not limited to, financial assistance for those struggling due to loss of income and necessities.

$614Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$30K
Grants paid · 31 grants · $2.0M · 2020–2024
Unitemized GrantFY2024$421,800
Unitemized GrantFY2024$47,232
7 Wandering BackpacksWA · FY2024$25,000
Hvaf of Indiana INCIN · FY2024$25,000
Helping Hands INCUT · FY2024$9,331
Unitemized GrantFY2023$112,500
Unitemized GrantFY2023$42,925
Unitemized GrantFY2022$73,144
Maryland Addiction Recovery CenterFY2022$34,500
Unitemized GrantFY2022$30,941
Unitemized GrantFY2022$20,000
See all 31 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$563K
Ln 12
Gifts and grantsLn 1h$553K
Investment incomeLn 3$10K
Money outPt IX
$629K
Ln 25
Programscol B$614K
Managementcol C$15K
Owns and owesPt X
$937K
net assets · Ln 32
Cash and savingsLn 1–2$976K
Total assetsLn 16$1.1M
LiabilitiesLn 26$190K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$553K
Investment incomeLn 3$10K
Total revenueLn 12$563K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$976K
Cash and savings togetherLn 1–2$976K
Other assetsLn 15$125K
Total assetsLn 16$1.1M
LiabilitiesLn 26$190K
Net assetsLn 32$937K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$965K$976K
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$140K$190K
Net assetsLn 32$1.0M$937K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$256K$256K
Grants to domestic individualsLn 2$358K$358K
Accounting feesLn 11c$13K$13K
Office expensesLn 13$183$183
Information technologyLn 14$1K$1K
Total functional expensesLn 25$629K$614K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.2M$623K$574K$1.7M 990 PDF
FY2023 $125K$189K−$64K$1.1M 990 PDF
FY2022 $101K$198K−$97K$1.2M 990 PDF
FY2021 $814K$454K$360K$1.3M 990 PDF
FY2020 Viewing $563K$629K−$66K$937K 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 $562,885 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $465,103$553,261
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $9,884$9,624
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $474,987$562,885
I-13 Grants and similar amounts paidPrior year $127,785$613,916
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 $21,927$14,699
I-18 Total expensesPrior year $149,712$628,615
I-19 Revenue less expensesPrior year $325,275−$65,730
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $562,885 across 4 lines filed
VIII-1f All other contributions, gifts and grants$553,261
VIII-1h Total contributions, gifts and grants$553,261
VIII-3 Investment incomeExcluded from tax $9,624$9,624
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $9,624$562,885
Part IX · Statement of functional expenses $628,615 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $255,679$255,679
IX-2 Grants to domestic individualsPrograms $358,237$358,237
IX-11c Accounting feesManagement $13,190$13,190
IX-13 Office expensesManagement $183$183
IX-14 Information technologyManagement $1,326$1,326
IX-25 Total functional expensesPrograms $613,916 · Management $14,699 · Fundraising $0$628,615
Part X · Balance sheet $1,126,732 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $457,119$0
X-2 Savings and temporary cash investmentsStart of year $507,541$975,818
X-3 Pledges and grants receivableStart of year $37,950$25,000
X-9 Prepaid expenses and deferred chargesStart of year $585$528
X-15 Other assetsStart of year $139,211$125,386
X-16 Total assetsStart of year $1,142,406$1,126,732
X-17 Accounts payable and accrued expensesStart of year $9,175$9,306
X-18 Grants payableStart of year $130,606$180,531
X-26 Total liabilitiesStart of year $139,781$189,837
X-27 Net assets without donor restrictionsStart of year $972,625$911,895
X-28 Net assets with donor restrictionsStart of year $30,000$25,000
X-32 Total net assets or fund balancesStart of year $1,002,625$936,895
X-33 Total liabilities and net assetsStart of year $1,142,406$1,126,732
Part XI · Reconciliation of net assets $936,895 net assets at year end
XI-1 Total revenue$562,885
XI-2 Total expenses$628,615
XI-3 Revenue less expenses−$65,730
XI-4 Net assets at start of year$1,002,625
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$936,895

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

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