Beloved Ones FY2022 filing

Tax-deductible

Calif City, CA501(c)(3)Since 2021Human ServicesEIN 27-2547368

To provide physical games and activities and nutritional programs to low-income students k-12.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$926K 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

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
IRS e-file · Filing history
Is it financially stable?
4 of 4
years in the black
Pt I · Ln 19 · 4 filings
How much reaches the programs?
71%
of spending
Pt IX · Ln 25 · col B
What are leaders paid?
$926K
to officers and key staff · 17% of spending
Pt VII · Sec A
Do they have reserves?
<1 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Do they carry debt?
$390K
liabilities
Pt X · Ln 26
Who oversees it?
0
independent of 5 voting board members
Pt VI · Ln 1a–1b
Revenue
$5.8M
+130% vs prior year
Spent
$5.5M
To programs
71%
Net assets
$436K
By yearFY2021–FY2024
Revenue
$5.8M
FY2022▲ +130%
Revenue by fiscal year
FY2021$2.5M
FY2022$5.8M
FY2023$8.9M
FY2024$9.9M
Expenses
$5.5M
FY2022▲ +131%
Expenses by fiscal year
FY2021$2.4M
FY2022$5.5M
FY2023$8.5M
FY2024$9.7M
Net assets
$436K
FY2022▲ +206%
Net assets by fiscal year
FY2021$143K
FY2022$436K
FY2023$844K
FY2024$0

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) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
Yes — revoked Sep 2020, reinstated
IRS ruling May 2021, per the IRS master file.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CBeloved Ones
EINHdr · item D27-2547368
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 2021
Year of formationHdr · item L2021
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CCalif City, CA
NTEE classificationIRS BMFHuman Services (P70)
WebsiteHdr · item Jwww.belovedones.net

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.29
Program services71%$3.9M
Management & general29%$1.6M
Total functional expensesLn 25$5.5M

Financial health

Is it on solid ground?

Program efficiency
71%
of spending reaches programs
Operating runway
0.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$826K
FY2022▲ +286%
Total assets by fiscal year
FY2021$214K
FY2022$826K
FY2023$410K
FY2024$503K
Total liabilities
$390K
FY2022▲ +449%
Total liabilities by fiscal year
FY2021$71K
FY2022$390K
FY2023−$434K
FY2024$503K
Revenue less expensesPt I · Ln 19$294K
Total assetsPt X · Ln 16$826K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$294K
Total assetsLn 16$826K
Total liabilitiesLn 26$390K
Total net assetsLn 32$436K
Months of cash on handcomputed0.6

Statement of Revenue

Part VIII
Contributions & grants100%$5.8M
Total revenueLn 12$5.8M

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $294K · Operating expenses/yr $5.5M
0.6 months
Where the money goes
Program services
Program services $3.9M · Total expenses $5.5M
71%
Management & General
Management & general $1.6M · Total expenses $5.5M
29%
Fundraising
Fundraising $0 · Total expenses $5.5M
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $4.2M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $5.8M · Total revenue $5.8M
100%
Government reliance
Government grants — · Total revenue $5.8M
—
Earned-income share
Program service revenue $0 · Total revenue $5.8M
0%
Investment reliance
Investment income $0 · Total revenue $5.8M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $5.5M
0%
Growth & trend
Revenue growth (YoY)
This year $5.8M · Prior year $2.5M
+130%
Net-asset trend (YoY)
End of year $436K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $5.8M · Expenses $5.5M
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $826K
—
Net-asset ratio
Net assets $436K · Total assets $826K
53%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $826K
0%
People & payroll
Highest Reported Total Compensation
Individual Thandi Smith · Reported title Executive Dir. · Highest reported compensation $312K · Total expenses $5.5M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $4.3M · Total expenses $5.5M
79%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 71%——
Overhead ratio 29%——
Fundraising cost ratio 0%——
Revenue growth 130%——
Investment management fee ratio 0%——
Legal fee ratio 0.6%——
Accounting fee ratio 0%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$311,806Pt VII · Sec A
$311,805Pt VII · Sec A
Secretary
$151,400Pt VII · Sec A
Treasurer
$151,400Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Thandi Smith’s $614K as Executive Dir. is at the 100th percentile of top reported officer pay among 3869 $1–10M human services 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 · 4 named individuals · Part VII

NameFY2023FY2022FY2021
Thandi Smith$614,379$311,806$192,917
Thandi a Smith—$311,805—
Leka Smith$171,500$151,400$86,750
Leka G Smith—$151,400—

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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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Offers physical games, activities, and nutrition programs to low-income students.

Provided by the organization

This section is blank until Beloved Ones claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $3.9M of program spending, described in the organization's own filed words · FY2022.
01

To provide physical games and activities and nutritional programs to low-income students k-12

$3.9Mprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $9.9M$9.7M+12% 990 PDF
FY2023 $8.9M$8.5M+53% 990 PDF
FY2022 Viewing $5.8M$5.5M+130% 990 PDF
FY2021 $2.5M$2.4M 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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