Forever Young Incorporated FY2020 filing

Tax-deductible

Collierville, TN501(c)(3)Since 2006Health CareEIN 26-0326536Revenue $184K in FY2020

On file with the IRSforeveryoungvets.orgPo Box 1381, 38027-1381 · Collierville, TNTax-exempt since Jun 2007Publicly supported charity — 170(b)(1)(A)(vi)

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Forever Young veterans work to end silent suffering of veterans 65 years or older by granting their unfulfilled dreams, returning them to the places where they fought, and bringing them honor, healing, and the hope they need and deserve.

501(c)(3) charity; gifts are tax-deductible.
24¢ of each $1 spent went to programs.
$55K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

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
4 of 7
filings with a surplus
Average deficit $7K a year · 2% of revenue · last 7 filings
Worth a look: a surplus in 4 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
24%
of spending
Concern: 24% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$55K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$184K
-70% vs prior year
Spent
$225K
To programs
24%
Net assets
$196K
By yearFY2019–FY2025
Revenue
$184K
FY2020▼ -70%
Tap a bar for its year
Revenue by fiscal year
FY2019$605K
FY2020$184K
FY2021$398K
FY2022$369K
FY2023$488K
FY2024$432K
FY2025$350K
Expenses
$225K
FY2020▼ -55%
Tap a bar for its year
Expenses by fiscal year
FY2019$496K
FY2020$225K
FY2021$381K
FY2022$418K
FY2023$417K
FY2024$354K
FY2025$589K
Net assets
$196K
FY2020▼ -17%
Tap a bar for its year
Net assets by fiscal year
FY2019$237K
FY2020$196K
FY2021$214K
FY2022$166K
FY2023$237K
FY2024$315K
FY2025$72K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Jun 2007.

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

Where the money goes

24 cents of each dollar spent went to programs.

Program services 24% · $55K Management & general 72% · $163K Fundraising 3% · $7K

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

11 people listed on the 990; $55K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$54,554Pt VII · Sec A
Director
$0Pt VII · Sec A
Board Member and Consultant
$0Pt VII · Sec A
Volunteer and Board Member
$0Pt VII · Sec A
Board Member and Consultant
$0Pt VII · Sec A
Advisor and Fundraiser
$0Pt VII · Sec A
Website Administration
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Daniel Hight’s $59K as Executive Director is at the 43rd percentile of top reported officer pay among 1980 $100K–1M health care 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

NameFY2022FY2021FY2020FY2019
Daniel Hight$59,000$56,190$54,554$52,965

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Forever Young Incorporated is a health care nonprofit based in Collierville, TN, formed in 2006.

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Provided by the organization

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3 programs · $55K · in their own filed words · FY2020
01

The organization was invited by the german goverment to attend the 75TH anniversary of the liberation of buchenwaldconcentration camp. We incurred the expenses and made deposits on the trip, some of which were funded; however, dueto COVID19, the trip has been postponed.

$30Kprogram expense
02

Forever young took a group of wwii veterans to visit the d day museum in new orleans as well as other military monuments and related sites.

$25Kprogram expense
03

No other events or trips of honor in 2020 due to COVID19

Pt IX · col B

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$7K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$184K
Ln 12
Gifts and grantsLn 1h$184K
Investment incomeLn 3$105
Money outPt IX
$225K
Ln 25
Programscol B$55K
Managementcol C$163K
Fundraisingcol D$7K
Owns and owesPt X
$196K
net assets · Ln 32
Cash and savingsLn 1–2$196K
Total assetsLn 16$196K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$184K
Investment incomeLn 3$105
Total revenueLn 12$184K
Assets in detailPt X, end of year
CashLn 1$66K
SavingsLn 2$130K
Cash and savings togetherLn 1–2$196K
Total assetsLn 16$196K
LiabilitiesLn 26$0
Net assetsLn 32$196K
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
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$237K$196K
Total assetsLn 16$237K$196K
LiabilitiesLn 26$0$0
Net assetsLn 32$237K$196K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$88K$88K
Other employee benefitsLn 9$88$88
Payroll taxesLn 10$7K$7K
Legal feesLn 11b$11K$11K
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$26K$26K
OccupancyLn 16$33K$28K$4K
TravelLn 17$31K$27K$4K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$15K$8K$7K
Total functional expensesLn 25$225K$55K$163K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $350K$589K−$239K$72K 990 PDF
FY2024 $432K$354K$78K$315K 990 PDF
FY2023 $488K$417K$72K$237K 990 PDF
FY2022 $369K$418K−$48K$166K 990 PDF
FY2021 $398K$381K$17K$214K 990 PDF
FY2020 Viewing $184K$225K−$41K$196K 990 PDF
FY2019 $605K$496K$109K$237K 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 $184,243 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $604,705$184,138
I-9 Program service revenue$0
I-10 Investment incomePrior year $140$105
I-11 Other revenue$0
I-12 Total revenuePrior year $604,845$184,243
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $63,148$95,089
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $432,454$130,088
I-18 Total expensesPrior year $495,602$225,177
I-19 Revenue less expensesPrior year $109,243−$40,934
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $184,243 across 4 lines filed
VIII-1f All other contributions, gifts and grants$184,138
VIII-1h Total contributions, gifts and grants$184,138
VIII-3 Investment incomeUnrelated business $105$105
VIII-12 Total revenueRelated to mission $0 · Unrelated business $105 · Excluded from tax $0$184,243
Part IX · Statement of functional expenses $225,177 across 11 lines filed
IX-7 Other salaries and wagesManagement $88,198$88,198
IX-9 Other employee benefitsManagement $88$88
IX-10 Payroll taxesManagement $6,803$6,803
IX-11b Legal feesManagement $10,881$10,881
IX-11g Other fees for servicesManagement $1,051$1,051
IX-12 Advertising and promotionManagement $7,305$7,305
IX-13 Office expensesManagement $25,725$25,725
IX-16 OccupancyPrograms $28,500 · Management $4,152$32,652
IX-17 TravelPrograms $26,501 · Management $4,066$30,567
IX-23 InsuranceManagement $6,587$6,587
IX-24 Other expenses (24a–d)Management $7,975 · Fundraising $7,345$15,320
IX-25 Total functional expensesPrograms $55,001 · Management $162,831 · Fundraising $7,345$225,177
Part X · Balance sheet $196,435 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $107,033$65,993
X-2 Savings and temporary cash investmentsStart of year $130,336$130,442
X-16 Total assetsStart of year $237,369$196,435
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $237,369$196,435
X-33 Total liabilities and net assetsStart of year $237,369$196,435
Part XI · Reconciliation of net assets $196,435 net assets at year end
XI-1 Total revenue$184,243
XI-2 Total expenses$225,177
XI-3 Revenue less expenses−$40,934
XI-4 Net assets at start of year$237,369
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$196,435

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

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