Design Corps EIN 23-2951348

Design Corps FY2021 filing

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Empowers underserved communities to shape their environment and solve challenges through design, advocacy, and education. For fiscal year 2021 it reported $36K in revenue, $30K in expenses, and $14K in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Raleigh, NC
Website
www.designcorps.org
Filings
5 on file (2020–2021)
Revenue
$36KFY2021
Expenses
$30K
Net assets
$14K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-2951348 Public charity (501(c)(3)) Raleigh, NC
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Empowers underserved communities to shape their environment and solve challenges through design, advocacy, and education.
Leadership
Drew Kepley · Director
Money in and out
$36K revenue, $30K expenses
Bottom line
88% program efficiency
Where the money goes · FY2021
Total revenue
$36K
Pt VIII · Ln 12
Total expenses
$30K
Pt IX · Ln 25
Net assets
$14K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $6K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.09 Fundraising $0.02
Program efficiency
88%
of spending reaches programs
Operating runway
5.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+18%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$36K
FY2021▲ +190%
Expenses
$30K
FY2021▼ -39%
Total assets
$14K
FY2021▲ +80%
Total liabilities
$0
FY2021
Total revenue
$36K
Pt VIII · Ln 12
Total expenses
$30K
Pt IX · Ln 25
Net assets
$14K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$6K
Total assetsPt X · Ln 16$14K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $26K of program spending, described in the organization's own filed words · FY2021.
01

Design and procure practical and affordable housing for low-income families and community based projects; and to provide training in community service.

$26Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDesign Corps
EINHdr · item D23-2951348
Principal addressHdr · item CRaleigh, NC
WebsiteHdr · item Jwww.designcorps.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L99)
Ruling yearIRS BMFMay 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Exec Directo
$0Pt VII · Sec A
$0Pt VII · Sec A

Andrew Sturm’s $2K as Vice Preside is at the 8th percentile of top reported officer pay among 140 <$100K housing 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$24K · 67%
Program service revenue$12K · 33%
Contributions & grants67%$24K
Program service revenue33%$12K
— government grantsLn 1e$10K
Total revenueLn 12$36K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.09 Fundraising $0.02
Program services88%$26K
Management & general9%$3K
Fundraising2%$600
Total functional expensesLn 25$30K

Balance Sheet

Part X · end of year
CashLn 1$13K
Total assetsLn 16$14K
Total liabilitiesLn 26$0
Total net assetsLn 32$14K
Months of cash on handcomputed5.4

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $13K · Operating expenses/yr $30K
5.4 months
Where the money goes
Program services
Program services $26K · Total expenses $30K
88%
Management & General
Management & general $3K · Total expenses $30K
9%
Fundraising
Fundraising $600 · Total expenses $30K
2%
Cost to raise $1
Fundraising expense (2-yr avg) $575 · Solicited contributions (2-yr avg) $9K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $24K · Total revenue $36K
67%
Government reliance
Government grants $10K · Total revenue $36K
28%
Earned-income share
Program service revenue $12K · Total revenue $36K
33%
Investment reliance
Investment income $0 · Total revenue $36K
0%
Program self-sufficiency
Program service revenue $12K · Total expenses $30K
41%
Growth & trend
Revenue growth (YoY)
This year $36K · Prior year $12K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $14K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $36K · Expenses $30K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $14K
Net-asset ratio
Net assets $14K · Total assets $14K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $14K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Drew Kepley · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $30K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $30K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 9%
Fundraising cost ratio 3%
Revenue growth 190%
Accounting fee ratio 10%

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.

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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)$75K revenue · ⤓ 990 PDF
FY2023$22K revenue · ⤓ 990 PDF
FY2022$15K revenue · ⤓ 990 PDF
FY2021$36K revenue · viewing · ⤓ 990 PDF
FY2020$12K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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