Reciprocity Foundation INC FY2022 filing

Tax-deductible

New York, NY501(c)(3)Human ServicesEIN 20-1959280Revenue $3K in FY2022

On file with the IRSreciprocityfoundation.org175 E74th 12c, 10021-0000 · New York, NYTax-exempt since Jan 2005Publicly supported charity — 170(b)(1)(A)(vi)

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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.
$15K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · 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
$15K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
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
$3K
-98% vs prior year
Spent
$168K
To programs
80%
Net assets
$140K
By yearFY2020–FY2024
Revenue
$3K
FY2022▼ -98%
Tap a bar for its year
Revenue by fiscal year
FY2020$41K
FY2021$155K
FY2022$3K
FY2023$139K
FY2024$5K
Expenses
$168K
FY2022▼ -31%
Tap a bar for its year
Expenses by fiscal year
FY2020$242K
FY2021$244K
FY2022$168K
FY2023$123K
FY2024$49K
Net assets
$140K
FY2022▼ -54%
Tap a bar for its year
Net assets by fiscal year
FY2020$351K
FY2021$305K
FY2022$140K
FY2023$156K
FY2024$113K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 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% · $135K Management & general 10% · $17K Fundraising 10% · $17K

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

7 people listed on the 990; $15K paid to officers and key staff.

Part VII, Section A · reportable compensation
$9,375Pt 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

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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Taslim Tagore—$33,750$9,375$57,375$76,000
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.

See Reciprocity 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 15aYes

Programs and updates

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

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Provided by the organization

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1 program · $135K · in their own filed words · FY2022
01

The Reciprocity Foundation is a 501c3 non profit organization that enables trauma survivors, primarily young adults, to access mental health, holistic health and life skills support services to heal their bodies and minds and to realize their full potential as human beings.

$135Kprogram expense

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 FY2022 990, line by line.

1The main four
Money inPt VIII
$3K
Ln 12
Gifts and grantsLn 1h$44K
Investment incomeLn 3−$40K
Money outPt IX
$168K
Ln 25
Programscol B$135K
Managementcol C$17K
Fundraisingcol D$17K
Owns and owesPt X
$140K
net assets · Ln 32
Cash and savingsLn 1–2$13K
Total assetsLn 16$140K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$44K
Investment incomeLn 3−$40K
Gains on assetsLn 7$0
Total revenueLn 12$3K
Assets in detailPt X, end of year
CashLn 1$13K
SavingsLn 2$0
Cash and savings togetherLn 1–2$13K
InvestmentsLn 11–13$123K
Land, buildings, equipmentLn 10c$5K
Other assetsLn 15$0
Total assetsLn 16$140K
LiabilitiesLn 26$0
Net assetsLn 32$140K
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 FY22End FY22
Cash and savingsLn 1–2$80K$13K
InvestmentsLn 11–13$193K$123K
Land, buildings, equipmentLn 10c$32K$5K
Total assetsLn 16$305K$140K
LiabilitiesLn 26$0$0
Net assetsLn 32$305K$140K
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$9K$8K$938$937
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$6K$5K$600$600
Pension plan contributionsLn 8$12K$10K$1K$1K
Other employee benefitsLn 9$5K$4K$547$547
Payroll taxesLn 10$1K$962$121$120
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$2K$2K$217$217
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$48K$38K$5K$5K
Information technologyLn 14$5K$4K$531$531
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$3K$3K$335$334
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$29K$23K$3K$3K
InsuranceLn 23$2K$1K$150$150
Other expenses (24a–d)Ln 24$41K$33K$4K$4K
All other expensesLn 24e$4K$3K$400$397
Total functional expensesLn 25$168K$135K$17K$17K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5K$49K−$43K$113K 990 PDF
FY2023 $139K$123K$16K$156K 990 PDF
FY2022 Viewing $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 FY2022 990 (6 parts)
Part I · Summary $3,438 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $154,603$43,862
I-9 Program service revenue$0
I-10 Investment income−$40,424
I-11 Other revenue$0
I-12 Total revenuePrior year $154,603$3,438
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $94,137$34,546
I-16a Professional fundraising feesPrior year $4,142$0
I-17 Other expensesPrior year $145,256$133,896
I-18 Total expensesPrior year $243,535$168,442
I-19 Revenue less expensesPrior year −$88,932−$165,004
Part VI · Governance 8 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,438 across 8 lines filed
VIII-1f All other contributions, gifts and grants$43,862
VIII-1h Total contributions, gifts and grants$43,862
VIII-3 Investment incomeRelated to mission −$40,424−$40,424
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 −$40,424$3,438
Part IX · Statement of functional expenses $168,442 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 staffPrograms $7,500 · Management $938 · Fundraising $937$9,375
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $4,800 · Management $600 · Fundraising $600$6,000
IX-8 Pension plan contributionsPrograms $10,000 · Management $1,250 · Fundraising $1,250$12,500
IX-9 Other employee benefitsPrograms $4,374 · Management $547 · Fundraising $547$5,468
IX-10 Payroll taxesPrograms $962 · Management $121 · Fundraising $120$1,203
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $1,734 · Management $217 · Fundraising $217$2,168
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 promotion$0
IX-13 Office expensesPrograms $38,188 · Management $4,774 · Fundraising $4,773$47,735
IX-14 Information technologyPrograms $4,246 · Management $531 · Fundraising $531$5,308
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $2,675 · Management $335 · Fundraising $334$3,344
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 $23,128 · Management $2,892 · Fundraising $2,890$28,910
IX-23 InsurancePrograms $1,200 · Management $150 · Fundraising $150$1,500
IX-24 Other expenses (24a–d)Programs $32,755 · Management $4,095 · Fundraising $4,094$40,944
IX-24e All other expensesPrograms $3,190 · Management $400 · Fundraising $397$3,987
IX-25 Total functional expensesPrograms $134,752 · Management $16,850 · Fundraising $16,840$168,442
Part X · Balance sheet $140,210 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $80,276$12,720
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, netStart of year $31,818$4,795
X-11 Publicly traded securitiesStart of year $193,119$122,695
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $1$0
X-16 Total assetsStart of year $305,214$140,210
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $305,214$140,210
X-32 Total net assets or fund balancesStart of year $305,214$140,210
X-33 Total liabilities and net assetsStart of year $305,214$140,210
Part XI · Reconciliation of net assets $140,210 net assets at year end
XI-1 Total revenue$3,438
XI-2 Total expenses$168,442
XI-3 Revenue less expenses−$165,004
XI-4 Net assets at start of year$305,214
XI-10 Net assets at end of year$140,210

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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