Back to Basics INC EIN 20-2880950 Form 990 (PDF) Claim this org

Back to Basics INC

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Provides new uniforms, shoes, and underwear to help children attend school ready to learn. For fiscal year 2025 it reported $660K in revenue, $727K in expenses, and $317K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
West Palm Bch, FL
Website
www.backtobasicsinc.org
Filings
5 on file (2020–2025)
Revenue
$660KFY2025
Expenses
$727K
Net assets
$317K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-2880950 Public charity (501(c)(3)) West Palm Bch, FL
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides new uniforms, shoes, and underwear to help children attend school ready to learn.
Leadership
Beverly Perham · President, Founder
Money in and out
$660K revenue, $727K expenses
Bottom line
100% program efficiency
Where the money goes · FY2025
Total revenue
$660K
Pt VIII · Ln 12
Total expenses
$727K
Pt IX · Ln 25
Net assets
$317K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$67K
Where spending went · Part IX cols B–D
Program services $1.00 Management & general $0.00 Fundraising $0.00
Program efficiency
100%
of spending reaches programs-0.2% vs prior filing year
Operating runway
10.4mo
months of highly liquid reserves at operating expense rate▼ -17% vs prior filing year
Surplus margin
-10%
revenue over expenses, this year▲ +14% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$660K
FY2025▲ +9%
Expenses
$727K
FY2025▲ +7%
Total assets
$317K
FY2025▼ -18%
Total liabilities
$161
FY2025
Total revenue
$660K
Pt VIII · Ln 12
Total expenses
$727K
Pt IX · Ln 25
Net assets
$317K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$67K
Total assetsPt X · Ln 16$317K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBack to Basics INC
EINHdr · item D20-2880950
Principal addressHdr · item CWest Palm Bch, FL
WebsiteHdr · item Jwww.backtobasicsinc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B122)
Ruling yearIRS BMFJun 2006

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
President, Founder
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

2 program services account for $726K of program spending, described in the organization's own filed words · FY2025.
01

The Back to Basics Angel Program continues to provide the Basics that children need to attend school - NEW Sneakers, Socks, Underwear - and because the program centers around the holidays, we also include a toy in each Angel Gift Bag. For many children, these may be the only gifts they receive.

$484Kprogram expense
02

The Back to Basics Uniform Program provides over 20,000 new school uniforms to elementary and middle school students identified by school administrators as experiencing financial instability or homelessness - circumstances that often contribute to chronic absenteeism.

$242Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$654K · 99%
Investment income$6K · 1%
Contributions & grants99%$654K
Investment income1%$6K
Total revenueLn 12$660K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00 Fundraising $0.00
Program services100%$726K
Management & general$2K
Fundraising$216
Total functional expensesLn 25$727K

Balance Sheet

Part X · end of year
CashLn 1$317K
Total assetsLn 16$317K
Total liabilitiesLn 26$161
Total net assetsLn 32$317K
Months of cash on handcomputed5.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $317K · Operating expenses (Pt IX) $727K · Less non-cash grants $361K · Cash operating expenses/yr $366K
10.4 months
Where the money goes
Program services
Program services $726K · Total expenses $727K
100%
Management & General
Management & general $2K · Total expenses $727K
0.2%
Fundraising
Fundraising $216 · Total expenses $727K
0.03%
Cost to raise $1
Fundraising expense (3-yr avg) $72 · Solicited contributions (3-yr avg) $608K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $654K · Total revenue $660K
99%
Government reliance
Government grants — · Total revenue $660K
Earned-income share
Program service revenue $0 · Total revenue $660K
0%
Investment reliance
Investment income $6K · Total revenue $660K
+0.9%
Program self-sufficiency
Program service revenue $0 · Total expenses $727K
0%
Growth & trend
Revenue growth (YoY)
This year $660K · Prior year $605K
+9%
Revenue CAGR
FY2020 $663K · FY2025 $660K
-0.10%
Net-asset trend (YoY)
End of year $317K · Beginning of year $385K
-18%
Balance sheet
Surplus Margin
Revenue $660K · Expenses $727K
-10%
Liabilities-to-Assets
Total liabilities $161 · Total assets $317K
0.05%
Net-asset ratio
Net assets $317K · Total assets $317K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $317K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Beverly Perham · Reported title President, Founder · Highest reported compensation $0 · Total expenses $727K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $727K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0.2%
Fundraising cost ratio 0.03%
Revenue growth 9%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%

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
Total grants receivedfrom 3 funders$74K
See all 3 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
FY2025 (Latest)$660K revenue · viewing · ⤓ 990 PDF
FY2024$605K revenue · ⤓ 990 PDF
FY2023$567K revenue · ⤓ 990 PDF
FY2022not on file
FY2021$536K revenue · ⤓ 990 PDF
FY2020$663K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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