Simple Changes INC EIN 20-2045973

Simple Changes INC FY2020 filing

EIN  20-2045973 Public charity (501(c)(3)) Mason Neck, VA
Form 990 (PDF)
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Size
$100K–1M
What they do
Enrich lives through exceptional programs, especially therapeutic horsemanship.
Leadership
Jay Aronowitz · Treasurer
Money in and out
$477K revenue, $320K expenses
Bottom line
92% program efficiency

Enrich lives through exceptional programs, especially therapeutic horsemanship. For fiscal year 2020 it reported $477K in revenue, $320K in expenses, and $80K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$477K
Pt VIII · Ln 12
Total expenses
$320K
Pt IX · Ln 25
Net assets
$80K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $157K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Program efficiency
92%
of spending reaches programs
Operating runway
4.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+33%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$477K
FY2020
Expenses
$320K
FY2020
Total assets
$114K
FY2020
Total liabilities
$33K
FY2020
Total revenue
$477K
Pt VIII · Ln 12
Total expenses
$320K
Pt IX · Ln 25
Net assets
$80K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$157K
Total assetsPt X · Ln 16$114K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $294K of program spending, described in the organization's own filed words · FY2020.
01

Therapeutic horseback riding activities. Through its therapuetic ridings program; simple changes served over 100 individuals with disabilites during the year, with the majority of being between the ages of 2-70 years old.

$294Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSimple Changes INC
EINHdr · item D20-2045973
Principal addressHdr · item CMason Neck, VA
WebsiteHdr · item Jwww.simplechanges.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P80)
Ruling yearIRS BMFMar 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
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
$0Pt VII · Sec A
CFO Secretar
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Corliss Wallingford’s $76K as V Pres/Exec is at the 67th percentile of top reported officer pay among 2164 $100K–1M 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.

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Statement of Revenue

Part VIII
Contributions & grants$359K · 75%
Program service revenue$118K · 25%
Contributions & grants75%$359K
Program service revenue25%$118K
Investment income$8
Total revenueLn 12$477K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$294K
Management & general8%$26K
Total functional expensesLn 25$320K

Balance Sheet

Part X · end of year
CashLn 1$113K
Total assetsLn 16$114K
Total liabilitiesLn 26$33K
Total net assetsLn 32$80K
Months of cash on handcomputed4.2

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $113K · Operating expenses/yr $320K
4.2 months
Where the money goes
Program services
Program services $294K · Total expenses $320K
92%
Management & General
Management & general $26K · Total expenses $320K
8%
Fundraising
Fundraising $0 · Total expenses $320K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $359K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $359K · Total revenue $477K
75%
Government reliance
Government grants — · Total revenue $477K
Earned-income share
Program service revenue $118K · Total revenue $477K
25%
Investment reliance
Investment income $8 · Total revenue $477K
0%
Program self-sufficiency
Program service revenue $118K · Total expenses $320K
37%
Growth & trend
Revenue growth (YoY)
This year $477K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $80K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $477K · Expenses $320K
+33%
Liabilities-to-Assets
Total liabilities — · Total assets $114K
Net-asset ratio
Net assets $80K · Total assets $114K
71%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $114K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jay Aronowitz · Reported title TREASURER · Highest reported compensation $0 · Total expenses $320K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $182K · Total expenses $320K
57%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Fundraising cost ratio 0%
Accounting fee ratio 1%

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 · funders on record
Grants received · FY2024
See all 7 funders →

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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)$507K revenue · ⤓ 990 PDF
FY2023$483K revenue · ⤓ 990 PDF
FY2022$409K revenue · ⤓ 990 PDF
FY2021$383K revenue · ⤓ 990 PDF
FY2020$477K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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