Its Good to Know INC

Tax-deductible

Brooklyn, NY501(c)(3)ReligionEIN 20-1893670

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We provide products, resources and services to help you empower yourself, to attain your goals, break barriers and overcome obstacles so you can take charge of yourself and our world.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
4 of 5
filings with a surplus
Average surplus $84K a year · 9% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $15K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+29% vs prior year
Spent
$1.4M
To programs
67%
Net assets
$446K
By yearFY2020–FY2024
Revenue
$1.3M
FY2024▲ +29%
Revenue by fiscal year
FY2020$535K
FY2021$861K
FY2022$1.2M
FY2023$973K
FY2024$1.3M
Expenses
$1.4M
FY2024▲ +52%
Expenses by fiscal year
FY2020$416K
FY2021$805K
FY2022$827K
FY2023$922K
FY2024$1.4M
Net assets
$446K
FY2024▼ -25%
Net assets by fiscal year
FY2020$155K
FY2021$210K
FY2022$539K
FY2023$591K
FY2024$446K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

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

67 cents of each dollar spent went to programs.

Program services 67% · $940K Management & general 30% · $422K Fundraising 3% · $42K

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
Director, President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Its Good to Know 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

Empowers individuals with products, resources, and services to achieve goals and overcome obstacles.

Provided by the organization

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1 program service account for $940K of program spending, described in the organization's own filed words · FY2024.
01

We provide products, resources and services to promote individual growth and self help.

$940Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$15K
Grants paid · 15 grants · $491K · 2022–2024
Bet Kahila Eighth DegreeFY2024$100,000
Associate Green BayPA · FY2024$93,000
Unitemized GrantFY2024$20,240
Bnos MenachemFY2024$9,310
Yad L'ShliachNY · FY2024$6,150
Associate Green BayPA · FY2023$109,000
Chabad of CalabasasCA · FY2023$16,000
Bnos MenachemFY2023$13,138
Unitemized GrantFY2023$5,100
Individual RecipientFY2022$50,000
Anshei Lubavitch Ch INCNY · FY2022$25,720
Unitemized GrantFY2022$18,510
Chabad of CalabasasCA · FY2022$6,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$137K
Investment incomeLn 3$30K
Money outPt IX
$1.4M
Ln 25
Programscol B$940K
Managementcol C$422K
Fundraisingcol D$42K
Owns and owesPt X
$446K
net assets · Ln 32
Cash and savingsLn 1–2$311K
Total assetsLn 16$452K
LiabilitiesLn 26$6K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$137K
Investment incomeLn 3$30K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$186K
SavingsLn 2$125K
Cash and savings togetherLn 1–2$311K
Land, buildings, equipmentLn 10c$47K
Total assetsLn 16$452K
LiabilitiesLn 26$6K
Net assetsLn 32$446K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$126K$311K
Land, buildings, equipmentLn 10c$58K$47K
Total assetsLn 16$604K$452K
LiabilitiesLn 26$13K$6K
Net assetsLn 32$591K$446K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$237K$237K
Grants to domestic individualsLn 2$75K$75K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$358K$94K$264K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$87K$87K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$9K$9K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$25K$25K
Investment management feesLn 11f$0
Other fees for servicesLn 11g$5K$5K
Advertising and promotionLn 12$84K$76K$8K
Office expensesLn 13$24K$24K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$114K$103K$11K
TravelLn 17$25K$4K$4K$17K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$11K$11K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$241K$235K$6K
All other expensesLn 24e$109K$5K$104K
Total functional expensesLn 25$1.4M$940K$422K$42K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.3M$1.4M−$145K$446K 990 PDF
FY2023 $973K$922K$51K$591K 990 PDF
FY2022 $1.2M$827K$341K$539K 990 PDF
FY2021 $861K$805K$56K$210K 990 PDF
FY2020 $535K$416K$119K$155K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,259,257 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,092,197
VIII-1h Total contributions, gifts and grants$1,092,197
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $137,060$137,060
VIII-3 Investment income$30,000
VIII-12 Total revenueRelated to mission $137,060$1,259,257
Part IX · Statement of functional expenses $1,404,155 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $237,104$237,104
IX-2 Grants to domestic individualsPrograms $74,540$74,540
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $94,482 · Management $263,900$358,382
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $86,614$86,614
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $8,540$8,540
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $24,699$24,699
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $5,373$5,373
IX-12 Advertising and promotionPrograms $75,727 · Management $8,414$84,141
IX-13 Office expensesManagement $24,161$24,161
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $103,043 · Management $11,449$114,492
IX-17 TravelPrograms $3,864 · Management $3,865 · Fundraising $17,372$25,101
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $10,800$10,800
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $234,744 · Management $6,284$241,028
IX-24e All other expensesPrograms $5,221 · Management $103,959$109,180
IX-25 Total functional expensesPrograms $940,052 · Management $422,032 · Fundraising $42,071$1,404,155
Part X · Balance sheet $451,706 assets, 7 lines filed
Asset lines not itemized here account for $93,250; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $125,740$185,998
X-2 Savings and temporary cash investments$125,000
X-10c Land, buildings and equipment, netStart of year $58,258$47,458
X-16 Total assetsStart of year $603,998$451,706
X-26 Total liabilitiesStart of year $13,457$6,063
X-32 Total net assets or fund balancesStart of year $590,541$445,643
X-33 Total liabilities and net assetsStart of year $603,998$451,706
Part XI · Reconciliation of net assets $445,643 net assets at year end
XI-1 Total revenue$1,259,257
XI-2 Total expenses$1,404,155
XI-3 Revenue less expenses−$144,898
XI-4 Net assets at start of year$590,541
XI-10 Net assets at end of year$445,643

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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