Vip for a Vip INC

Brown Summit, NCUnknown exempt organization EIN 26-0597338Revenue $385 in FY2025

On file with the IRSvipforavip.comC/O David W Hood · Brown Summit, NC

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To promote teenage driver safety by delivery of video and live presentations of vehicle safety.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
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
0 of 5
filings with a surplus
Average deficit $11K a year · 445% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $27
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$385
+21% vs prior year
Spent
$8K
To programs
100%
Net assets
$0
By yearFY2021–FY2025
Revenue
$385
FY2025▲ +21%
Tap a bar for its year
Revenue by fiscal year
FY2021$5K
FY2022$4K
FY2023$2K
FY2024$319
FY2025$385
Expenses
$8K
FY2025▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2021$23K
FY2022$18K
FY2023$12K
FY2024$6K
FY2025$8K
Net assets
$0
FY2025▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2021$48K
FY2022$34K
FY2023$24K
FY2024$19K
FY2025$0

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $8K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Vip for a Vip INC executive salaries →

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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 15aNo

Programs and updates

Promotes teen driver safety through video and live vehicle safety presentations.

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Provided by the organization

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1 program · $6K · in their own filed words · FY2024
01

Presentations at high schools and colleges of a video and live auto crash re-enactment with the objective of improving teen driving safety. Since covid operations have been severely restricted and consists mainly of displays and resources provided to other organizations.

$6Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$27

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$385
Ln 12
Gifts and grantsLn 1h$385
Money outPt IX
$8K
Ln 25
Programscol B$8K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$385
Total revenueLn 12$385
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Total assetsLn 16$19K$0
LiabilitiesLn 26$0$0
Net assetsLn 32$19K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Depreciation, depletion and amortizationLn 22$1K$1K
Other expenses (24a–d)Ln 24$6K$6K
Total functional expensesLn 25$8K$8K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $385$8K−$7K$0 990 PDF
FY2024 $319$6K−$5K$19K 990 PDF
FY2023 $2K$12K−$9K$24K 990 PDF
FY2022 $4K$18K−$14K$34K 990 PDF
FY2021 $5K$23K−$17K$48K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $385 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $319$385
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $319$385
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $5,706$7,558
I-18 Total expensesPrior year $5,706$7,558
I-19 Revenue less expensesPrior year −$5,387−$7,173
Part VI · Governance 13 of 13 board members independent, 3 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $385 across 3 lines filed
VIII-1f All other contributions, gifts and grants$385
VIII-1h Total contributions, gifts and grants$385
VIII-12 Total revenue$385
Part IX · Statement of functional expenses $7,558 across 2 lines filed
IX-22 Depreciation, depletion and amortizationPrograms $1,380$1,380
IX-24 Other expenses (24a–d)Programs $6,178$6,178
IX-25 Total functional expensesPrograms $7,558 · Management $0 · Fundraising $0$7,558
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $18,880$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $18,880$0
X-33 Total liabilities and net assetsStart of year $18,880$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$385
XI-2 Total expenses$7,558
XI-3 Revenue less expenses−$7,173
XI-4 Net assets at start of year$18,880
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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