Evitt Foundation INC FY2022 filing

Ringgold, GA · Public foundation / grantmaker · Foundations & Grantmakers

✓ Tax-deductible
Revenue
$51K
+20% vs prior year
Spent
$35K
To programs
100%
Net assets
$112K
By yearFY2020–FY2024
Revenue
$51K
FY2022▲ +20%
Revenue by fiscal year
FY2020$59K
FY2021$42K
FY2022$51K
FY2023$54K
FY2024$37K
Expenses
$35K
FY2022▲ +10%
Expenses by fiscal year
FY2020$38K
FY2021$31K
FY2022$35K
FY2023$60K
FY2024$59K
Net assets
$112K
FY2022▲ +17%
Net assets by fiscal year
FY2020$85K
FY2021$96K
FY2022$112K
FY2023$106K
FY2024$84K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CEvitt Foundation INC
EINHdr · item D20-1317650
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 2005
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CRinggold, GA
NTEE classificationIRS BMFFoundations & Grantmakers (T30)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$35K
Total functional expensesLn 25$35K

Financial health

Is it on solid ground?

Program efficiency
100%
of spending reaches programs
Operating runway
38.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+32%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$112K
FY2022▲ +17%
Total assets by fiscal year
FY2020$85K
FY2021$96K
FY2022$112K
FY2023$106K
FY2024$84K
Total liabilities
$0
FY2022
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
Revenue less expensesPt I · Ln 19$16K
Total assetsPt X · Ln 16$112K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$112K
Total assetsLn 16$112K
Total liabilitiesLn 26$0
Total net assetsLn 32$112K
Months of cash on handcomputed38.8

Statement of Revenue

Part VIII
Contributions & grants113%$57K
Investment income$13
Total revenueLn 12$51K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $112K · Operating expenses/yr $35K
38.8 months
Where the money goes
Program services
Program services $35K · Total expenses $35K
100%
Management & General
Management & general $0 · Total expenses $35K
0%
Fundraising
Fundraising $0 · Total expenses $35K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $51K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $57K · Total revenue $51K
113%
Government reliance
Government grants — · Total revenue $51K
—
Earned-income share
Program service revenue $0 · Total revenue $51K
0%
Investment reliance
Investment income $13 · Total revenue $51K
+0.03%
Program self-sufficiency
Program service revenue $0 · Total expenses $35K
0%
Growth & trend
Revenue growth (YoY)
This year $51K · Prior year $42K
+20%
Net-asset trend (YoY)
End of year $112K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $51K · Expenses $35K
+32%
Liabilities-to-Assets
Total liabilities — · Total assets $112K
—
Net-asset ratio
Net assets $112K · Total assets $112K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $112K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Alice Evitt Bandy · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $0 · Total expenses $35K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $35K
—
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 20%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Evitt Foundation INC executive salaries →

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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Funds schools, youth groups, and medical charities, and sponsors a golf tournament for junior achievement.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $35K of program spending, described in the organization's own filed words · FY2022.
01

The foundation sponsored an endurance race, gave grants to local schools and charities, and contributed funds for scholarships for area colleges and universities.

$35Kprogram 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 · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$217
Grants paid · 12 grants · $136K · 2020–2024
Catoosa County Public SchoolsFY2024$25,630
Nourishing Children in Catoosa CountyFY2024$12,925
Unitemized GrantFY2024$2,500
Nourishing Children in Catoosa CountyFY2023$10,921
Catoosa County Public SchoolsFY2023$10,000
Unitemized GrantFY2023$2,500
Nourishing Children in Catoosa CountyFY2022$14,482
Unitemized GrantFY2022$8,000
Nourishing Children in Catoosa CountyFY2021$12,402
Unitemized GrantFY2021$8,000
Catoosa County Public SchoolsFY2020$23,500
Nourishing Children in Catoosa CountyFY2020$5,000

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $37K$59K-31% 990 PDF
FY2023 $54K$60K+7% 990 PDF
FY2022 Viewing $51K$35K+20% 990 PDF
FY2021 $42K$31K-29% 990 PDF
FY2020 $59K$38K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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