Is it real?
Yes. Exemption reinstated (2019-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Nov 2021.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
4 people listed on the 990.
Lisa Evans’s $102K as Assistant Director is at the 98th percentile of top reported officer pay among 290 <$100K employment 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.
See Verge INC executive salaries →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
Offers programs for economic development, personal empowerment, and education to those in need.
Questions for Verge INC
Your first name shows with your question. Verge INC answers here, for everyone.
To provide charitable outreach programs to economincally and socially underprivileged persons in the areas of economic development, personal empowerment, and educational assistance.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 26-1947140) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Federal money
The auditor reported 3 findings: a material weakness in money controls.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $9K | $9K |
| Total assetsLn 16 | $275K | $275K |
| LiabilitiesLn 26 | $123K | $123K |
| Net assetsLn 32 | $152K | $152K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Total functional expensesLn 25 | $0 | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 | $0 | $0 | $0 | $152K | 990 PDF |
| FY2023Filed with the IRS Nov 13, 2024 | $0 | $2K | −$2K | $152K | 990 PDF |
| FY2022Filed with the IRS Nov 15, 2023 | $0 | $7K | −$7K | $154K | 990 PDF |
| FY2021Filed with the IRS Dec 13, 2022 | $774K | $796K | −$23K | $161K | 990 PDF |
| FY2020Filed with the IRS Dec 13, 2022 | $739K | $719K | $20K | $183K | 990 PDF |
| FY2019Filed with the IRS Dec 13, 2022 | $761K | $696K | $65K | $181K | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part I · Summary $0 revenue, 12 lines filed
Part VI · Governance 4 of 4 board members independent, 4 to look at
Part VIII · Statement of revenue $0 across 1 lines filed
Part IX · Statement of functional expenses $0 across 0 lines filed
Part X · Balance sheet $274,665 assets, 10 lines filed
Part XI · Reconciliation of net assets $151,576 net assets at year end
Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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