Balvikas INC FY2021 filing

Tax-deductible

Ashburn, VA501(c)(3)Youth DevelopmentEIN 26-3946436Revenue $112K in FY2021

On file with the IRS20416 Oyster Reef Pl, 20147-5512 · Ashburn, VATax-exempt since Feb 2009Publicly supported charity — 170(b)(1)(A)(vi)

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Religious education

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
54 mo
of spending, in cash
Looks good: 53.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $20K
Fine: 2 funders name 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
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$112K
+166% vs prior year
Spent
$35K
To programs
100%
Net assets
$158K
By yearFY2020–FY2022
Revenue
$112K
FY2021▲ +166%
Tap a bar for its year
Revenue by fiscal year
FY2020$42K
FY2021$112K
FY2022$92K
Net assets
$158K
FY2021▲ +94%
Tap a bar for its year
Net assets by fiscal year
FY2020$82K
FY2021$158K
FY2022$66K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022. IRS ruling in Feb 2009.

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% · $35K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Balvikas 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 15aYes

Programs and updates

Balvikas INC is a youth development nonprofit based in Ashburn, VA.

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Provided by the organization

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1 program · $35K · in their own filed words · FY2021
01

Religious education

$35Kprogram 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 2 funders$20K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$112K
Ln 12
Gifts and grantsLn 1h$112K
Investment incomeLn 3$92
Money outPt IX
$35K
Ln 25
Programscol B$35K
Owns and owesPt X
$158K
net assets · Ln 32
Cash and savingsLn 1–2$158K
Total assetsLn 16$158K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$112K
Investment incomeLn 3$92
Total revenueLn 12$112K
Assets in detailPt X, end of year
CashLn 1$158K
Cash and savings togetherLn 1–2$158K
Total assetsLn 16$158K
LiabilitiesLn 26$0
Net assetsLn 32$158K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
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 FY21End FY21
Cash and savingsLn 1–2$82K$158K
Total assetsLn 16$82K$158K
LiabilitiesLn 26$0$0
Net assetsLn 32$82K$158K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$34K$34K
Legal feesLn 11b$31$31
Accounting feesLn 11c$550$550
Other fees for servicesLn 11g$150$150
Information technologyLn 14$432$432
Total functional expensesLn 25$35K$35K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $92K$66K 990 PDF
FY2021 Viewing $112K$35K$77K$158K 990 PDF
FY2020 $42K$82K 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 FY2021 990 (6 parts)
Part I · Summary $111,799 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $41,555$111,707
I-9 Program service revenue$0
I-10 Investment income$92
I-11 Other revenue$0
I-12 Total revenuePrior year $41,555$111,799
I-13 Grants and similar amounts paidPrior year $98,079$34,131
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$1,163
I-18 Total expensesPrior year $98,079$35,294
I-19 Revenue less expensesPrior year −$56,524$76,505
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $111,799 across 4 lines filed
VIII-1f All other contributions, gifts and grants$111,707
VIII-1h Total contributions, gifts and grants$111,707
VIII-3 Investment incomeRelated to mission $92$92
VIII-12 Total revenueRelated to mission $92 · Unrelated business $0 · Excluded from tax $0$111,799
Part IX · Statement of functional expenses $35,294 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $34,131$34,131
IX-11b Legal feesPrograms $31$31
IX-11c Accounting feesPrograms $550$550
IX-11g Other fees for servicesPrograms $150$150
IX-14 Information technologyPrograms $432$432
IX-25 Total functional expensesPrograms $35,294 · Management $0 · Fundraising $0$35,294
Part X · Balance sheet $158,133 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $81,628$158,133
X-16 Total assetsStart of year $81,628$158,133
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $81,628$158,133
X-32 Total net assets or fund balancesStart of year $81,628$158,133
X-33 Total liabilities and net assetsStart of year $81,628$158,133
Part XI · Reconciliation of net assets $158,133 net assets at year end
XI-1 Total revenue$111,799
XI-2 Total expenses$35,294
XI-3 Revenue less expenses$76,505
XI-4 Net assets at start of year$81,628
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$158,133

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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