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Startout FY2022 filing

Tax-deductible

San Francisco, CA501(c)(3)EIN 26-4634162Revenue $3.0M in FY2022

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.
71¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · 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
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 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
$788K
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.0M
+29% vs prior year
Spent
$2.7M
To programs
71%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$3.0M
FY2022▲ +29%
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
$2.7M
FY2022▲ +70%
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
$1.2M
FY2022▼ -22%
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 FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

71 cents of each dollar spent went to programs.

Program services 71% · $1.9M Management & general 6% · $151K Fundraising 23% · $629K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation
Chris Fraley
Director
$0Pt VII · Sec A
Chris Young
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Jt Batson
Director
$0Pt VII · Sec A
Mohit Jolly
Co-Vice Chair
$0Pt VII · Sec A
Tom Gaynor
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 · $1.9M · in their own filed words · FY2022
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.

$1.9Mprogram 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 FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.0M
Ln 12
Gifts and grantsLn 1h$2.6M
Fees for servicesLn 2g$410K
Other incomeLn 4–11$2K
Money outPt IX
$2.7M
Ln 25
Programscol B$1.9M
Managementcol C$151K
Fundraisingcol D$629K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$2.0M
LiabilitiesLn 26$788K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.6M
Noncash giftsLn 1g$38K
Fees for servicesLn 2g$410K
Investment incomeLn 3$84
Other incomeLn 4–11$2K
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$1.7M
Cash and savings togetherLn 1–2$1.7M
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$2.0M
LiabilitiesLn 26$788K
Net assetsLn 32$1.2M
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 FY22End FY22
Cash and savingsLn 1–2$1.4M$1.7M
Land, buildings, equipmentLn 10c$6K$4K
Total assetsLn 16$1.6M$2.0M
LiabilitiesLn 26$61K$788K
Net assetsLn 32$1.5M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.4M$1.1M$63K$272K
Other employee benefitsLn 9$130K$105K$5K$20K
Payroll taxesLn 10$183K$148K$7K$28K
Other fees for servicesLn 11g$557K$427K$48K$82K
Information technologyLn 14$71K$58K$6K$7K
TravelLn 17$98K$28K$82$70K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$215K$61K$5K$150K
Total functional expensesLn 25$2.7M$1.9M$151K$629K

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 Viewing $3.0M$2.7M$312K$1.2M 990 PDF
FY2021 $2.4M$1.6M$760K$1.5M 990 PDF
FY2020 $1.3M$1.0M$269K$778K 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 FY2022 990 (6 parts)
Part I · Summary $3,027,252 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,188,326$2,615,491
I-9 Program service revenuePrior year $164,073$409,712
I-10 Investment incomePrior year $21$84
I-11 Other revenuePrior year $0$1,965
I-12 Total revenuePrior year $2,352,420$3,027,252
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 $1,063,446$1,755,078
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $529,356$959,833
I-18 Total expensesPrior year $1,592,802$2,714,911
I-19 Revenue less expensesPrior year $759,618$312,341
Part VI · Governance 14 of 14 board members independent, 2 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $3,027,252 across 7 lines filed
VIII-1f All other contributions, gifts and grants$2,615,491
VIII-1g Noncash contributions (included above)$37,500
VIII-1h Total contributions, gifts and grants$2,615,491
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $409,712$409,712
VIII-3 Investment incomeExcluded from tax $84$84
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,965$1,965
VIII-12 Total revenueRelated to mission $409,712 · Unrelated business $0 · Excluded from tax $2,049$3,027,252
Part IX · Statement of functional expenses $2,714,911 across 9 lines filed
IX-7 Other salaries and wagesPrograms $1,107,146 · Management $63,333 · Fundraising $272,134$1,442,613
IX-9 Other employee benefitsPrograms $105,075 · Management $4,613 · Fundraising $19,821$129,509
IX-10 Payroll taxesPrograms $148,438 · Management $6,517 · Fundraising $28,001$182,956
IX-11g Other fees for servicesPrograms $427,005 · Management $47,589 · Fundraising $82,319$556,913
IX-14 Information technologyPrograms $58,477 · Management $6,010 · Fundraising $7,004$71,491
IX-17 TravelPrograms $28,440 · Management $82 · Fundraising $69,792$98,314
IX-22 Depreciation, depletion and amortizationManagement $2,396$2,396
IX-23 InsuranceManagement $15,488$15,488
IX-24 Other expenses (24a–d)Programs $60,773 · Management $4,517 · Fundraising $149,941$215,231
IX-25 Total functional expensesPrograms $1,935,354 · Management $150,545 · Fundraising $629,012$2,714,911
Part X · Balance sheet $1,983,127 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,380,452$1,724,043
X-4 Accounts receivableStart of year $212,001$255,000
X-10c Land, buildings and equipment, netStart of year $6,480$4,084
X-16 Total assetsStart of year $1,598,933$1,983,127
X-17 Accounts payable and accrued expensesStart of year $61,476$163,329
X-19 Deferred revenue$625,000
X-26 Total liabilitiesStart of year $61,476$788,329
X-27 Net assets without donor restrictionsStart of year $1,537,457$899,474
X-28 Net assets with donor restrictions$295,324
X-32 Total net assets or fund balancesStart of year $1,537,457$1,194,798
X-33 Total liabilities and net assetsStart of year $1,598,933$1,983,127
Part XI · Reconciliation of net assets $1,194,798 net assets at year end
XI-1 Total revenue$3,027,252
XI-2 Total expenses$2,714,911
XI-3 Revenue less expenses$312,341
XI-4 Net assets at start of year$1,537,457
XI-9 Other changes in net assets−$655,000
XI-10 Net assets at end of year$1,194,798

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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