Forever Young Incorporated FY2022 filing

Tax-deductible

Collierville, TN501(c)(3)Since 2006Health CareEIN 26-0326536Revenue $369K in FY2022

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.
43¢ of each $1 spent went to programs.
$59K 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

FY2022 · 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
43%
of spending
Concern: 43% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$59K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.8 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
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$369K
-7% vs prior year
Spent
$418K
To programs
43%
Net assets
$166K
By yearFY2019–FY2025
Revenue
$369K
FY2022▼ -7%
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
$418K
FY2022▲ +10%
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
$166K
FY2022▼ -23%
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 FY2022 Form 990 · see the original

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You’re viewing the FY2022 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

43 cents of each dollar spent went to programs.

Program services 43% · $180K Management & general 42% · $174K Fundraising 15% · $64K

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

10 people listed on the 990; $59K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$59,000Pt 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
Treasurer
$0Pt VII · Sec A
$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 · $180K · in their own filed words · FY2022
01

Fall 2022THE organization took a group of wwii, korea and vietnam combat veterans to washington DC to visit the memorials dedicated to their service to our country. They also had the opportunity to visit their branch of the military museum while there.

$83Kprogram expense
02

Spring 2022FOREVER young took a group of wwii, korea and vietnam combat veterans to washing DC to be honored and to visit all of their memorials and pay homage to the fallen. Four of our veterans laid a wreath at the tomb of the unknown soldier which is a high honor

$81Kprogram expense
03

Summer 2022THE organization took a group of wwii veterans to the d day museum in new orleans. This was a wish granted for several of our vets. It took several days to see everything in the many museum buildings honoring wwii

$16Kprogram 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$7K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$369K
Ln 12
Gifts and grantsLn 1h$369K
Investment incomeLn 3$3
Money outPt IX
$418K
Ln 25
Programscol B$180K
Managementcol C$174K
Fundraisingcol D$64K
Owns and owesPt X
$166K
net assets · Ln 32
Cash and savingsLn 1–2$166K
Total assetsLn 16$166K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$369K
Government grantsLn 1e$258K
Fundraising eventsLn 1c$111K
Investment incomeLn 3$3
Total revenueLn 12$369K
Assets in detailPt X, end of year
CashLn 1$151K
SavingsLn 2$15K
Cash and savings togetherLn 1–2$166K
Total assetsLn 16$166K
LiabilitiesLn 26$0
Net assetsLn 32$166K
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 FY22End FY22
Cash and savingsLn 1–2$214K$166K
Total assetsLn 16$214K$166K
LiabilitiesLn 26$0$0
Net assetsLn 32$214K$166K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$95K$95K
Other employee benefitsLn 9$10K$10K
Payroll taxesLn 10$12K$12K
Legal feesLn 11b$1K$1K
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$29K$29K
OccupancyLn 16$125K$125K
TravelLn 17$54K$54K
InterestLn 20−$18−$18
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$76K$12K$64K
Total functional expensesLn 25$418K$180K$174K$64K

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 Viewing $369K$418K−$48K$166K 990 PDF
FY2021 $398K$381K$17K$214K 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $369,415 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $398,415$369,412
I-9 Program service revenue$0
I-10 Investment incomePrior year $54$3
I-11 Other revenue$0
I-12 Total revenuePrior year $398,469$369,415
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $110,296$116,994
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $270,918$300,588
I-18 Total expensesPrior year $381,214$417,582
I-19 Revenue less expensesPrior year $17,255−$48,167
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $369,415 across 5 lines filed
VIII-1c Fundraising events$111,375
VIII-1e Government grants$258,037
VIII-1h Total contributions, gifts and grants$369,412
VIII-3 Investment incomeUnrelated business $3$3
VIII-12 Total revenueRelated to mission $0 · Unrelated business $3 · Excluded from tax $0$369,415
Part IX · Statement of functional expenses $417,582 across 12 lines filed
IX-7 Other salaries and wagesManagement $95,410$95,410
IX-9 Other employee benefitsManagement $10,012$10,012
IX-10 Payroll taxesManagement $11,572$11,572
IX-11b Legal feesManagement $1,050$1,050
IX-11g Other fees for servicesPrograms $1,003$1,003
IX-12 Advertising and promotionManagement $11,095$11,095
IX-13 Office expensesManagement $28,763$28,763
IX-16 OccupancyPrograms $125,122$125,122
IX-17 TravelPrograms $53,623$53,623
IX-20 InterestManagement −$18−$18
IX-23 InsuranceManagement $3,868$3,868
IX-24 Other expenses (24a–d)Management $12,135 · Fundraising $63,947$76,082
IX-25 Total functional expensesPrograms $179,748 · Management $173,887 · Fundraising $63,947$417,582
Part X · Balance sheet $165,523 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $100,199$150,821
X-2 Savings and temporary cash investmentsStart of year $113,586$14,797
X-9 Prepaid expenses and deferred chargesStart of year −$95−$95
X-16 Total assetsStart of year $213,690$165,523
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $213,690$165,523
X-33 Total liabilities and net assetsStart of year $213,690$165,523
Part XI · Reconciliation of net assets $165,523 net assets at year end
XI-1 Total revenue$369,415
XI-2 Total expenses$417,582
XI-3 Revenue less expenses−$48,167
XI-4 Net assets at start of year$213,690
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$165,523

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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