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
Where the money goes
62 cents of each dollar spent went to programs.
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
The filing lists no officers, directors or key staff.
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.
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Programs and updates
Offers programs for economic development, personal empowerment, and education to those in need.
Questions for Verge INC
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By the numbers
The FY2020 990, line by line.
Download 990
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $0 | $0 | $0 | $152K | 990 PDF |
| FY2023 | $0 | $2K | −$2K | $152K | 990 PDF |
| FY2022 | $0 | $7K | −$7K | $154K | 990 PDF |
| FY2021 | $774K | $796K | −$23K | $161K | 990 PDF |
| FY2020 Viewing | $739K | $719K | $20K | $183K | 990 PDF |
| FY2019 | $761K | $696K | $65K | $181K | 990 PDF |
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Schedules filed Part IV
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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