Reliant Foundation INC FY2020 filing

Tax-deductible

Worcester, MA501(c)(3)Since 1988Medical ResearchEIN 22-2912515Revenue $341K in FY2020

On file with the IRSreliantfoundation.org311 Main St Ste 202, 01608-1543 · Worcester, MATax-exempt since Sep 1988Publicly supported charity — 170(b)(1)(A)(vi)

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To improve the health and well-being of individuals of all ages in the central and metrowest regions of massachusetts.

501(c)(3) charity; gifts are tax-deductible.
56¢ of each $1 spent went to programs.
$149K 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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FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $256K a year · 20% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$149K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $14K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$33K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$341K
Spent
$1.3M
To programs
56%
Net assets
$30.6M
By yearFY2020–FY2025
Revenue
$341K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$341K
FY2021$1.7M
FY2022$445K
FY2023$695K
FY2024$2.5M
FY2025$2.0M
Expenses
$1.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$1.5M
FY2023$1.5M
FY2024$1.7M
FY2025$1.8M
Net assets
$30.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$30.6M
FY2021$32.0M
FY2022$25.9M
FY2023$27.7M
FY2024$28.8M
FY2025$31.7M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1988.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $737K Management & general 35% · $453K Fundraising 9% · $121K

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

19 people listed on the 990; $149K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$149,296Pt VII · Sec A
Trustee Emeritus
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee Emeritus
$0Pt VII · Sec A

Kelsa Zereski’s $154K as President is at the 40th percentile of top reported officer pay among 360 $1–10M medical research 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kelsa Zereski$154,236$148,460$145,383$140,768$133,689$149,296

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

Improves health and well-being for all ages in Central and Metrowest Massachusetts.

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Provided by the organization

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1 program · $737K · in their own filed words · FY2020
01

Support of community health and wellness programs that improve the health status of the population, especially the youth and the economically DISADVANTAGED.SUPPORT community grants focused on youth mental health and behavioral health and the opioid epidemic.

$737Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$14K
Grants paid · 317 grants · $5.3M · 2020–2025
Advocates INCMA · FY2025$50,000
Veterans INCMA · FY2025$30,000
Revive of the USA INCMA · FY2025$30,000
Gaamha INCMA · FY2025$30,000
Casa Project INCMA · FY2025$30,000
Abby Kelley Foster House INCMA · FY2025$30,000
Community Healthlink (chl)MA · FY2025$29,000
Senior Connections INCMA · FY2025$26,000
Riverside Community Care INCMA · FY2025$25,000
Rise Above FoundationMA · FY2025$25,000
See all 317 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$341K
Ln 12
Investment incomeLn 3$236K
Gifts and grantsLn 1h$121K
Money outPt IX
$1.3M
Ln 25
Programscol B$737K
Managementcol C$453K
Fundraisingcol D$121K
Owns and owesPt X
$30.6M
net assets · Ln 32
Cash and savingsLn 1–2$688K
Total assetsLn 16$30.6M
LiabilitiesLn 26$33K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$121K
Fundraising eventsLn 1c$67K
Investment incomeLn 3$236K
Gains on assetsLn 7−$718K
Total revenueLn 12$341K
Assets in detailPt X, end of year
CashLn 1$180K
SavingsLn 2$508K
Cash and savings togetherLn 1–2$688K
InvestmentsLn 11–13$29.8M
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$30.6M
LiabilitiesLn 26$33K
Net assetsLn 32$30.6M
OperationsPt I, VI
EmployeesI 55
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.5M$688K
InvestmentsLn 11–13$28.4M$29.8M
Land, buildings, equipmentLn 10c$8K$5K
Total assetsLn 16$30.1M$30.6M
LiabilitiesLn 26$31K$33K
Net assetsLn 32$30.0M$30.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$737K$737K
Other salaries and wagesLn 7$291K$182K$110K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$26K$26K
Investment management feesLn 11f$122K$122K
Other fees for servicesLn 11g$49K$24K$26K
Advertising and promotionLn 12$13K$4K$9K
Office expensesLn 13$23K$12K$10K
OccupancyLn 16$46K$46K
TravelLn 17$937$937
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$15K$12K$4K
All other expensesLn 24e−$38K$45−$38K
Total functional expensesLn 25$1.3M$737K$453K$121K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.0M$1.8M$161K$31.7M 990 PDF
FY2024 $2.5M$1.7M$854K$28.8M 990 PDF
FY2023 $695K$1.5M−$817K$27.7M 990 PDF
FY2022 $445K$1.5M−$1.1M$25.9M 990 PDF
FY2021 $1.7M$1.4M$299K$32.0M 990 PDF
FY2020 Viewing $341K$1.3M−$970K$30.6M 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 FY2020 990 (6 parts)
Part I · Summary $341,415 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,045,844$121,255
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $494,448$235,809
I-11 Other revenuePrior year $80,575−$15,649
I-12 Total revenuePrior year $10,620,867$341,415
I-13 Grants and similar amounts paidPrior year $706,000$737,415
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $246,223$291,211
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $302,914$282,805
I-18 Total expensesPrior year $1,255,137$1,311,431
I-19 Revenue less expensesPrior year $9,365,730−$970,016
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $341,415 across 7 lines filed
VIII-1c Fundraising events$67,110
VIII-1f All other contributions, gifts and grants$54,145
VIII-1h Total contributions, gifts and grants$121,255
VIII-3 Investment incomeExcluded from tax $954,137$954,137
VIII-7 Net gain or loss on sales of assetsRelated to mission −$718,328−$718,328
VIII-8 Net income from fundraising eventsExcluded from tax −$15,649−$15,649
VIII-12 Total revenueRelated to mission −$718,328 · Unrelated business $0 · Excluded from tax $938,488$341,415
Part IX · Statement of functional expenses $1,311,431 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $737,415$737,415
IX-7 Other salaries and wagesManagement $181,591 · Fundraising $109,620$291,211
IX-11b Legal feesManagement $3,842$3,842
IX-11c Accounting feesManagement $25,560$25,560
IX-11f Investment management feesManagement $122,284$122,284
IX-11g Other fees for servicesManagement $23,829 · Fundraising $25,619$49,448
IX-12 Advertising and promotionManagement $4,150 · Fundraising $9,344$13,494
IX-13 Office expensesManagement $12,060 · Fundraising $10,498$22,558
IX-16 OccupancyManagement $45,625$45,625
IX-17 TravelManagement $937$937
IX-22 Depreciation, depletion and amortizationManagement $2,337$2,337
IX-23 InsuranceManagement $18,810$18,810
IX-24 Other expenses (24a–d)Management $11,659 · Fundraising $3,812$15,471
IX-24e All other expensesManagement $45 · Fundraising −$37,606−$37,561
IX-25 Total functional expensesPrograms $737,415 · Management $452,729 · Fundraising $121,287$1,311,431
Part X · Balance sheet $30,609,784 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $216,544$179,789
X-2 Savings and temporary cash investmentsStart of year $1,316,173$508,150
X-3 Pledges and grants receivableStart of year $94,544$113,156
X-9 Prepaid expenses and deferred chargesStart of year $13,634$10,882
X-10c Land, buildings and equipment, netStart of year $7,714$5,377
X-11 Publicly traded securitiesStart of year $28,422,856$29,792,430
X-16 Total assetsStart of year $30,071,465$30,609,784
X-17 Accounts payable and accrued expensesStart of year $31,236$33,039
X-26 Total liabilitiesStart of year $31,236$33,039
X-27 Net assets without donor restrictionsStart of year $30,002,838$30,576,595
X-28 Net assets with donor restrictionsStart of year $37,391$150
X-32 Total net assets or fund balancesStart of year $30,040,229$30,576,745
X-33 Total liabilities and net assetsStart of year $30,071,465$30,609,784
Part XI · Reconciliation of net assets $30,576,745 net assets at year end
XI-1 Total revenue$341,415
XI-2 Total expenses$1,311,431
XI-3 Revenue less expenses−$970,016
XI-4 Net assets at start of year$30,040,229
XI-5 Net unrealized gains (losses) on investments$1,506,532
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$30,576,745

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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