Excel by 5 INC FY2021 filing

Tax-deductible

Houston, MS501(c)(3)EducationEIN 27-0406587Revenue $260K in FY2021

On file with the IRSexcelby5.com968 County Road 405, 38851-9745 · Houston, MSTax-exempt since Mar 2010Publicly supported charity — 170(b)(1)(A)(vi)

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The corporation is statewide and certifies communities as "child-friendly" because they promote a grassroots constituency for children and families; address children's needs with regard to early education and care, health, and safety leading to children better prepared for school.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$45K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
2 of 5
filings with a surplus
Average deficit $33K a year · 13% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$45K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names 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
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$260K
-39% vs prior year
Spent
$286K
To programs
87%
Net assets
$190K
By yearFY2020–FY2024
Revenue
$260K
FY2021▼ -39%
Tap a bar for its year
Revenue by fiscal year
FY2020$426K
FY2021$260K
FY2022$171K
FY2023$218K
FY2024$181K
Expenses
$286K
FY2021▼ -31%
Tap a bar for its year
Expenses by fiscal year
FY2020$416K
FY2021$286K
FY2022$260K
FY2023$293K
FY2024$166K
Net assets
$190K
FY2021▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2020$216K
FY2021$190K
FY2022$101K
FY2023$26K
FY2024$42K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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 Mar 2010.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $247K Management & general 13% · $38K

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

16 people listed on the 990; $45K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$45,448Pt VII · Sec A
Board Vice P
$0Pt VII · Sec A
Board Secret
$0Pt VII · Sec A
Board Treasu
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Daisy Carter’s $53K as Executive Di is at the 44th percentile of top reported officer pay among 1613 $100K–1M education 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.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Daisy Carter$53,045$94,911$79,110——
Eileen Beazley———$45,448$86,567

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Certifies communities as child-friendly, promoting children's needs for better school readiness.

Provided by the organization

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1 program · $247K · in their own filed words · FY2021
01

Forty communities throughout the state were certified or participated in the excel by 5 certification process. Each community worked to identify and promote high quality comprehensive supportive services for children 0-5 through the four community focus areas of community involvement, family and parent support, early care and education…

$247Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$260K
Ln 12
Gifts and grantsLn 1h$260K
Money outPt IX
$286K
Ln 25
Programscol B$247K
Managementcol C$38K
Owns and owesPt X
$190K
net assets · Ln 32
Cash and savingsLn 1–2$184K
Total assetsLn 16$190K
LiabilitiesLn 26$0
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$260K
Government grantsLn 1e$49K
Total revenueLn 12$260K
Assets in detailPt X, end of year
CashLn 1$184K
Cash and savings togetherLn 1–2$184K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$190K
LiabilitiesLn 26$0
Net assetsLn 32$190K
OperationsPt I, VI
EmployeesI 53
VolunteersI 6473
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$258K$184K
Land, buildings, equipmentLn 10c$4K$2K
Total assetsLn 16$265K$190K
LiabilitiesLn 26$49K$0
Net assetsLn 32$216K$190K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$47K$45K$2K
Other salaries and wagesLn 7$131K$125K$6K
Pension plan contributionsLn 8$3K$3K$216
Other employee benefitsLn 9$23K$16K$6K
Payroll taxesLn 10$13K$13K$801
Accounting feesLn 11c$1K$1K
Office expensesLn 13$8K$8K
Conferences, conventions and meetingsLn 19$45K$45K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$9K$500$9K
All other expensesLn 24e$53$53
Total functional expensesLn 25$286K$247K$38K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $181K$166K$16K$42K 990 PDF
FY2023 $218K$293K−$75K$26K 990 PDF
FY2022 $171K$260K−$89K$101K 990 PDF
FY2021 Viewing $260K$286K−$26K$190K 990 PDF
FY2020 $426K$416K$10K$216K 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 $259,501 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $426,022$259,501
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $426,022$259,501
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $221,482$217,234
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $194,143$68,323
I-18 Total expensesPrior year $415,625$285,557
I-19 Revenue less expensesPrior year $10,397−$26,056
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsYes
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 $259,501 across 4 lines filed
VIII-1e Government grants$49,200
VIII-1f All other contributions, gifts and grants$210,301
VIII-1h Total contributions, gifts and grants$259,501
VIII-12 Total revenue$259,501
Part IX · Statement of functional expenses $285,557 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $44,776 · Management $2,187$46,963
IX-7 Other salaries and wagesPrograms $124,899 · Management $6,005$130,904
IX-8 Pension plan contributionsPrograms $2,983 · Management $216$3,199
IX-9 Other employee benefitsPrograms $16,408 · Management $6,269$22,677
IX-10 Payroll taxesPrograms $12,690 · Management $801$13,491
IX-11c Accounting feesManagement $1,167$1,167
IX-13 Office expensesManagement $8,070$8,070
IX-19 Conferences, conventions and meetingsPrograms $45,240$45,240
IX-22 Depreciation, depletion and amortizationManagement $1,571$1,571
IX-23 InsuranceManagement $3,149$3,149
IX-24 Other expenses (24a–d)Programs $500 · Management $8,573$9,073
IX-24e All other expensesManagement $53$53
IX-25 Total functional expensesPrograms $247,496 · Management $38,061 · Fundraising $0$285,557
Part X · Balance sheet $189,999 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $258,442$183,666
X-9 Prepaid expenses and deferred chargesStart of year $3,149$4,239
X-10c Land, buildings and equipment, netStart of year $3,664$2,094
X-16 Total assetsStart of year $265,255$189,999
X-26 Total liabilitiesStart of year $49,200$0
X-27 Net assets without donor restrictionsStart of year $79,475$48,919
X-28 Net assets with donor restrictionsStart of year $136,580$141,080
X-32 Total net assets or fund balancesStart of year $216,055$189,999
X-33 Total liabilities and net assetsStart of year $265,255$189,999
Part XI · Reconciliation of net assets $189,999 net assets at year end
XI-1 Total revenue$259,501
XI-2 Total expenses$285,557
XI-3 Revenue less expenses−$26,056
XI-4 Net assets at start of year$216,055
XI-10 Net assets at end of year$189,999

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

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