Webster 20 20 Incorporated EIN 20-1307620 Form 990 (PDF) Claim this org

Webster 20 20 Incorporated

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Supports local schools and charitable acts for Webster, South Dakota residents. For fiscal year 2024 it reported $618K in revenue, $360K in expenses, and $699K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Webster, SD
Filings
5 on file (2020–2024)
Revenue
$618KFY2024
Expenses
$360K
Net assets
$699K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-1307620 Public charity (501(c)(3)) Webster, SD
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports local schools and charitable acts for Webster, South Dakota residents.
Leadership
G Todd Garry · Treasurer
Money in and out
$618K revenue, $360K expenses
Bottom line
100% program efficiency
Where the money goes · FY2024
Total revenue
$618K
Pt VIII · Ln 12
Total expenses
$360K
Pt IX · Ln 25
Net assets
$699K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $258K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
23.3mo
months of highly liquid reserves at operating expense rate▼ -49% vs prior filing year
Surplus margin
+42%
revenue over expenses, this year▲ +150% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$618K
FY2024▲ +340%
Total revenue
$618K
Pt VIII · Ln 12
Total expenses
$360K
Pt IX · Ln 25
Net assets
$699K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$258K
Total assetsPt X · Ln 16$699K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWebster 20 20 Incorporated
EINHdr · item D20-1307620
Principal addressHdr · item CWebster, SD
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFMar 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $289K of program spending, described in the organization's own filed words · FY2024.
01

Assist the city of webster monetarily build a community swimming pool

$289Kprogram expense
02

Assist the webster area school district monetarily build a football field and running track

Pt IX · col B
03

Assist the community of webster and youth football program

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$550K · 89%
Program service revenue$58K · 9%
Investment income$10K · 2%
Contributions & grants89%$550K
Program service revenue9%$58K
Investment income2%$10K
Total revenueLn 12$618K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$360K
Total functional expensesLn 25$360K

Balance Sheet

Part X · end of year
CashLn 1$699K
Total assetsLn 16$699K
Total liabilitiesLn 26$0
Total net assetsLn 32$699K
Months of cash on handcomputed23.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $699K · Operating expenses/yr $360K
23.3 months
Where the money goes
Program services
Program services $360K · Total expenses $360K
100%
Management & General
Management & general $0 · Total expenses $360K
0%
Fundraising
Fundraising $0 · Total expenses $360K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $550K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $550K · Total revenue $618K
89%
Government reliance
Government grants — · Total revenue $618K
Earned-income share
Program service revenue $58K · Total revenue $618K
9%
Investment reliance
Investment income $10K · Total revenue $618K
+2%
Program self-sufficiency
Program service revenue $58K · Total expenses $360K
16%
Growth & trend
Revenue growth (YoY)
This year $618K · Prior year $140K
+340%
Revenue CAGR
FY2020 $73K · FY2024 $618K
+71%
Net-asset trend (YoY)
End of year $699K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $618K · Expenses $360K
+42%
Liabilities-to-Assets
Total liabilities — · Total assets $699K
Net-asset ratio
Net assets $699K · Total assets $699K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $699K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual G Todd Garry · Reported title TREASURER · Highest reported compensation $0 · Total expenses $360K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $360K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 340%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$55K
Grants paid · 2 grants · $289K · 2024–2024
Webster Area School DistrictFY2024$239,057
City of Webster SdFY2024$50,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$618K revenue · viewing · ⤓ 990 PDF
FY2023$140K revenue · ⤓ 990 PDF
FY2022$94K revenue · ⤓ 990 PDF
FY2021$110K revenue · ⤓ 990 PDF
FY2020$73K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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