Great Prospects INC FY2024 filing

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Services for young adults with developmental disabilities.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-3500757) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
88¢ 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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $108K a year · 27% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
88% of spending went to programs.
Pt IX · Ln 25 · col B
3.9 mo
of spending, in cash
3.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
0
of 3 voting members
None of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$375K
-7% vs prior year
Spent
$343K
To programs
88%
Net assets
$112K
By yearFY2020–FY2025
Revenue
$375K
FY2024▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$197K
FY2021$260K
FY2022$398K
FY2023$403K
FY2024$375K
FY2025$571K
Expenses
$343K
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$187K
FY2022$292K
FY2023$323K
FY2024$343K
FY2025$322K
Net assets
$112K
FY2024▲ +40%
Tap a bar for its year
Net assets by fiscal year
FY2020$250K
FY2021$323K
FY2022$106K
FY2023$80K
FY2024$112K
FY2025$1.5M

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

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2009.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $301K Management & general 12% · $42K Fundraising 0% · $313

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.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director of Operations
$0Pt VII · Sec A
Operating Officer
$0Pt VII · Sec A

Jack Garrett’s $63K as Director of Operations is at the 55th percentile of top reported officer pay among 1612 $100K–1M education 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 · 2 named individuals · Part VII

NameFY2025FY2021
Jack Garrett$63,000—
Michelle Jericevich$36,000$10,504

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 Great Prospects INC executive salaries →

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

Supports young adults with developmental disabilities through essential services.

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1 program · $301K · in their own filed words · FY2024
01

Therapeutic day programs providing social skills, peerr support, workplace options, community service and planning for an independent future for young adults.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-3500757) · Dispute this line
$301Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$3K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$375K
Ln 12
Gifts and grantsLn 1h$375K
Money outPt IX
$343K
Ln 25
Programscol B$301K
Managementcol C$42K
Fundraisingcol D$313
Owns and owesPt X
$112K
net assets · Ln 32
Cash and savingsLn 1–2$112K
Total assetsLn 16$112K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$375K
Fundraising eventsLn 1c$13K
Total revenueLn 12$375K
Assets in detailPt X, end of year
CashLn 1$112K
Cash and savings togetherLn 1–2$112K
Total assetsLn 16$112K
LiabilitiesLn 26$0
Net assetsLn 32$112K
OperationsPt I, VI
EmployeesI 511
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$83K$112K
Total assetsLn 16$83K$112K
LiabilitiesLn 26$3K$0
Net assetsLn 32$80K$112K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$232K$232K
Payroll taxesLn 10$15K$15K
Other fees for servicesLn 11g$7K$7K
Office expensesLn 13$28K$22K$6K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$9K$9K
All other expensesLn 24e$36K$35K$313
Total functional expensesLn 25$343K$301K$42K$313

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 24, 2026 $571K$322K$249K$1.5M 990 PDF
FY2024 ViewingFiled with the IRS Mar 12, 2025 $375K$343K$32K$112K 990 PDF
FY2023Filed with the IRS Feb 24, 2024 $403K$323K$80K$80K 990 PDF
FY2022Filed with the IRS Apr 18, 2023 $398K$292K$106K$106K 990 PDF
FY2021Filed with the IRS Aug 9, 2022 $260K$187K$73K$323K 990 PDF
FY2020Filed with the IRS Aug 24, 2021 $197K$250K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $374,702 revenue, 12 lines filed
I-8 Contributions and grants$374,702
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$374,702
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$246,943
I-16a Professional fundraising fees$0
I-17 Other expenses$96,080
I-18 Total expenses$343,023
I-19 Revenue less expenses$31,679
Part VI · Governance 0 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $374,702 across 6 lines filed
VIII-1a Federated campaigns$6,416
VIII-1c Fundraising events$13,048
VIII-1f All other contributions, gifts and grants$355,238
VIII-1h Total contributions, gifts and grants$374,702
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$374,702
Part IX · Statement of functional expenses $343,023 across 8 lines filed
IX-7 Other salaries and wagesPrograms $231,969$231,969
IX-10 Payroll taxesPrograms $14,974$14,974
IX-11g Other fees for servicesPrograms $7,192$7,192
IX-13 Office expensesPrograms $21,511 · Management $6,318$27,829
IX-22 Depreciation, depletion and amortizationPrograms $4,948$4,948
IX-23 InsurancePrograms $11,814$11,814
IX-24 Other expenses (24a–d)Programs $8,671$8,671
IX-24e All other expensesManagement $35,313 · Fundraising $313$35,626
IX-25 Total functional expensesPrograms $301,079 · Management $41,631 · Fundraising $313$343,023
Part X · Balance sheet $111,737 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $82,879$111,737
X-16 Total assetsStart of year $82,879$111,737
X-26 Total liabilitiesStart of year $2,821$0
X-27 Net assets without donor restrictionsStart of year $80,058$111,737
X-32 Total net assets or fund balancesStart of year $80,058$111,737
X-33 Total liabilities and net assetsStart of year $82,879$111,737
Part XI · Reconciliation of net assets $111,737 net assets at year end
XI-1 Total revenue$374,702
XI-2 Total expenses$343,023
XI-3 Revenue less expenses$31,679
XI-4 Net assets at start of year$80,058
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$111,737

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

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