Reciprocity Foundation INC

Tax-deductible

New York, NY501(c)(3)Human ServicesEIN 20-1959280

To bridge homeless youth with the corporate sector, using educational institutions and creative professionals. The program is designed to help youth who are homeless, runways and in foster care to get career training or complete college applications, secure internship opportunities, obtain full-time employment and to provide skills training.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$25K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
1 of 5
filings with a surplus
Average deficit $97K a year · 141% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$25K
to officers and key staff · 51% of spending
Top officer’s pay lower than 56% of similar orgs
Concern: pay to officers and key staff is 51% of spending; over 30%.
Pt VII · Sec A
Cash reserves
28 mo
of spending, in cash
Looks good: 27.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $135K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5K
-96% vs prior year
Spent
$49K
To programs
80%
Net assets
$113K
By yearFY2020–FY2024
Revenue
$5K
FY2024▼ -96%
Revenue by fiscal year
FY2020$41K
FY2021$155K
FY2022$3K
FY2023$139K
FY2024$5K
Expenses
$49K
FY2024▼ -60%
Expenses by fiscal year
FY2020$242K
FY2021$244K
FY2022$168K
FY2023$123K
FY2024$49K
Net assets
$113K
FY2024▼ -28%
Net assets by fiscal year
FY2020$351K
FY2021$305K
FY2022$140K
FY2023$156K
FY2024$113K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2005.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $39K Management & general 10% · $5K Fundraising 10% · $5K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990; $25K paid to officers and key staff.

Part VII, Section A · reportable compensation
$18,750Pt VII · Sec A
$6,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Teresa Mateus’s $19K is at the 44th percentile of top reported officer pay among 201 <$100K human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Taslim Tagore————$76,000
Taslim Tagore—$33,750$9,375$57,375—
Teresa Mateus$18,750$25,000———
Deena Collins$6,000$18,000$6,000——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Connects homeless youth with career training, internships, and jobs through education and creative professionals.

Provided by the organization

This section is blank until Reciprocity Foundation INC claims this page.

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1 program service account for $39K of program spending, described in the organization's own filed words · FY2024.
01

To support an intergenerational communityfrom young adults to eldersof BIPOC & LGBTQ trauma survivors, with holistic health, mental health and education/awareness programming so that they can heal.

$39Kprogram 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 · funders on record
Grants received · FY2023
Total grants receivedfrom 3 funders$135K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5K
Ln 12
Investment incomeLn 3$5K
Money outPt IX
$49K
Ln 25
Programscol B$39K
Managementcol C$5K
Fundraisingcol D$5K
Owns and owesPt X
$113K
net assets · Ln 32
Cash and savingsLn 1–2$113K
Total assetsLn 16$113K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$5K
Gains on assetsLn 7$0
Total revenueLn 12$5K
Assets in detailPt X, end of year
CashLn 1$113K
SavingsLn 2$0
Cash and savings togetherLn 1–2$113K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$1
Total assetsLn 16$113K
LiabilitiesLn 26$0
Net assetsLn 32$113K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$153K$113K
InvestmentsLn 11–13$3K$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$156K$113K
LiabilitiesLn 26$0$0
Net assetsLn 32$156K$113K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
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$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$34K$27K$3K$3K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$2K$2K$200$200
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$5K$4K$465$465
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$2K$1K$161$160
TravelLn 17$133$106$14$13
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$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$7K$5K$666$665
All other expensesLn 24e$0
Total functional expensesLn 25$49K$39K$5K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $5K$49K−$43K$113K 990 PDF
FY2023 $139K$123K$16K$156K 990 PDF
FY2022 $3K$168K−$165K$140K 990 PDF
FY2021 $155K$244K−$89K$305K 990 PDF
FY2020 $41K$242K−$201K$351K 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 $5,443 across 7 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeRelated to mission $5,443$5,443
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $5,443$5,443
Part IX · Statement of functional expenses $48,733 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
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 staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $26,948 · Management $3,369 · Fundraising $3,368$33,685
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $1,600 · Management $200 · Fundraising $200$2,000
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $3,722 · Management $465 · Fundraising $465$4,652
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $1,286 · Management $161 · Fundraising $160$1,607
IX-17 TravelPrograms $106 · Management $14 · Fundraising $13$133
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 amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $5,325 · Management $666 · Fundraising $665$6,656
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $38,987 · Management $4,875 · Fundraising $4,871$48,733
Part X · Balance sheet $112,621 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $153,323$112,620
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $2,588$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$1
X-16 Total assetsStart of year $155,911$112,621
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $155,911$112,621
X-32 Total net assets or fund balancesStart of year $155,911$112,621
X-33 Total liabilities and net assetsStart of year $155,911$112,621
Part XI · Reconciliation of net assets $112,621 net assets at year end
XI-1 Total revenue$5,443
XI-2 Total expenses$48,733
XI-3 Revenue less expenses−$43,290
XI-4 Net assets at start of year$155,911
XI-10 Net assets at end of year$112,621

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

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