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Startout FY2020 filing

Tax-deductible

San Francisco, CA501(c)(3)EIN 26-4634162Revenue $1.3M in FY2020

On file with the IRSstartout.org1 Embarcadero Ctr Ste 1200, 94111-3617 · San Francisco, CATax-exempt since Dec 2009Publicly supported charity — 170(b)(1)(A)(vi)

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Founded in 2009, Startout is a national 501(c)(3) non profit organization supporting lgbtq+ entrepreneurs. Startout's mission is to accelerate the growth of the lgbtq+ community to drive its economic empowerment, building a world where every lgbtq+ entrepreneur has equal access to lead, succeed, and shape the workforce of the future. The organization has grown to over 21,000 members and developed a track record of driving impact in our community

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $165K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $378K
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$26K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
Spent
$1.0M
To programs
66%
Net assets
$778K
By yearFY2020–FY2024
Revenue
$1.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$2.4M
FY2022$3.0M
FY2023$2.3M
FY2024$2.2M
Expenses
$1.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$1.6M
FY2022$2.7M
FY2023$2.6M
FY2024$2.4M
Net assets
$778K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$778K
FY2021$1.5M
FY2022$1.2M
FY2023$727K
FY2024$582K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2009.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $696K Management & general 12% · $126K Fundraising 22% · $226K

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

17 people listed on the 990.

Part VII, Section A · reportable compensation
Vivienne Ming
Co-Vice Chair
$0Pt VII · Sec A
Chris Fraley
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Chris Young
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Nick Hendra
Director
$0Pt VII · Sec A
Sayan Gomel
Co-Vice Chair
$0Pt VII · Sec A
See Startout 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

Supports LGBTQ+ entrepreneurs to accelerate growth and achieve economic empowerment.

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Provided by the organization

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1 program · $696K · in their own filed words · FY2020
01

Creating programming opportunities that build entrepreneurial skills and knowledge. We create a wide range of programming to help people develop and build businesses, thereby increasing the prevalence of entrepreneurship in the LGBT community.

$696Kprogram 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
The Coca-Cola Foundation INCFY2024$100K
American Online Giving Foundation INCFY2024$86K
Gill FoundationFY2024$75K
AARPFY2024$35K
Columbus FoundationFY2024$30K
Tawani Charitable Distribution FundFY2024$25K
Fidelity Investments Charitable Gift FundFY2024$17K
Stonewall Community FoundationFY2024$5K
Total grants receivedfrom 11 funders$378K
See all 11 funders →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$1.2M
Fees for servicesLn 2g$118K
Investment incomeLn 3$27
Money outPt IX
$1.0M
Ln 25
Programscol B$696K
Managementcol C$126K
Fundraisingcol D$226K
Owns and owesPt X
$778K
net assets · Ln 32
Cash and savingsLn 1–2$520K
Total assetsLn 16$804K
LiabilitiesLn 26$26K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Fees for servicesLn 2g$118K
Investment incomeLn 3$27
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$520K
Cash and savings togetherLn 1–2$520K
Total assetsLn 16$804K
LiabilitiesLn 26$26K
Net assetsLn 32$778K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$398K$520K
Total assetsLn 16$545K$804K
LiabilitiesLn 26$37K$26K
Net assetsLn 32$509K$778K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$542K$289K$64K$188K
Other employee benefitsLn 9$58K$41K$7K$9K
Payroll taxesLn 10$31K$22K$4K$5K
Other fees for servicesLn 11g$208K$169K$30K$8K
Advertising and promotionLn 12$2K$2K
Information technologyLn 14$24K$24K
TravelLn 17$18K$6K$4K$7K
InsuranceLn 23$8K$3K$4K$621
Other expenses (24a–d)Ln 24$145K$138K$6K$2K
All other expensesLn 24e$14K$3K$5K$5K
Total functional expensesLn 25$1.0M$696K$126K$226K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.2M$2.4M−$147K$582K 990 PDF
FY2023 $2.3M$2.6M−$369K$727K 990 PDF
FY2022 $3.0M$2.7M$312K$1.2M 990 PDF
FY2021 $2.4M$1.6M$760K$1.5M 990 PDF
FY2020 Viewing $1.3M$1.0M$269K$778K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,317,355 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $973,810$1,198,907
I-9 Program service revenuePrior year $363,092$118,421
I-10 Investment incomePrior year $7$27
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,336,909$1,317,355
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $621,654$630,036
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $702,592$418,067
I-18 Total expensesPrior year $1,324,246$1,048,103
I-19 Revenue less expensesPrior year $12,663$269,252
Part VI · Governance 17 of 17 board members independent, 2 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,317,355 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,198,907
VIII-1h Total contributions, gifts and grants$1,198,907
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $118,421$118,421
VIII-3 Investment incomeExcluded from tax $27$27
VIII-12 Total revenueRelated to mission $118,421 · Unrelated business $0 · Excluded from tax $27$1,317,355
Part IX · Statement of functional expenses $1,048,103 across 10 lines filed
IX-7 Other salaries and wagesPrograms $288,925 · Management $64,442 · Fundraising $188,165$541,532
IX-9 Other employee benefitsPrograms $41,461 · Management $6,910 · Fundraising $9,213$57,584
IX-10 Payroll taxesPrograms $22,263 · Management $3,710 · Fundraising $4,947$30,920
IX-11g Other fees for servicesPrograms $169,247 · Management $30,404 · Fundraising $8,457$208,108
IX-12 Advertising and promotionManagement $1,770$1,770
IX-14 Information technologyPrograms $23,689$23,689
IX-17 TravelPrograms $6,257 · Management $4,043 · Fundraising $7,262$17,562
IX-23 InsurancePrograms $3,104 · Management $4,096 · Fundraising $621$7,821
IX-24 Other expenses (24a–d)Programs $138,167 · Management $5,654 · Fundraising $1,504$145,325
IX-24e All other expensesPrograms $3,179 · Management $5,123 · Fundraising $5,490$13,792
IX-25 Total functional expensesPrograms $696,292 · Management $126,152 · Fundraising $225,659$1,048,103
Part X · Balance sheet $803,710 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $398,257$520,456
X-4 Accounts receivableStart of year $146,995$283,254
X-16 Total assetsStart of year $545,252$803,710
X-17 Accounts payable and accrued expensesStart of year $36,665$16,160
X-25 Other liabilitiesStart of year $0$9,711
X-26 Total liabilitiesStart of year $36,665$25,871
X-27 Net assets without donor restrictionsStart of year $358,587$777,839
X-28 Net assets with donor restrictionsStart of year $150,000$0
X-32 Total net assets or fund balancesStart of year $508,587$777,839
X-33 Total liabilities and net assetsStart of year $545,252$803,710
Part XI · Reconciliation of net assets $777,839 net assets at year end
XI-1 Total revenue$1,317,355
XI-2 Total expenses$1,048,103
XI-3 Revenue less expenses$269,252
XI-4 Net assets at start of year$508,587
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$777,839

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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