360 Grassroots EIN 27-2657135 Form 990 (PDF) Claim this org

360 Grassroots FY2020 filing

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Revitalizes communities by coordinating services for family and economic development. For fiscal year 2020 it reported $0 in revenue, $34K in expenses, and $137K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Midlothian, TX
Website
www.360grassroots.org
Filings
4 on file (2020–2020)
Revenue
$0FY2020
Expenses
$34K
Net assets
$137K
People
7
Filings
4
Updates
0
More identity details & actions ⌄
EIN  27-2657135 Public charity (501(c)(3)) Midlothian, TX
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →
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Size
<$100K
What they do
Revitalizes communities by coordinating services for family and economic development.
Leadership
Steve Hawks · Chairman/Pres
Money in and out
$0 revenue, $34K expenses
Bottom line
0% program efficiency
Where the money goes · FY2020
Total revenue
$0
Pt VIII · Ln 12
Total expenses
$34K
Pt IX · Ln 25
Net assets
$137K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$34K
Where spending went · Part IX cols B–D
Management & general $1.00
Program efficiency
0%
of spending reaches programs
Operating runway
47.8mo
months of highly liquid reserves at operating expense rate

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$0
FY2020
Total revenue
$0
Pt VIII · Ln 12
Total expenses
$34K
Pt IX · Ln 25
Net assets
$137K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$34K
Total assetsPt X · Ln 16$137K
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2020.
01

Continue to work in distressed community in order to promote social welfare.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item C360 Grassroots
EINHdr · item D27-2657135
Principal addressHdr · item CMidlothian, TX
WebsiteHdr · item Jwww.360grassroots.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFSep 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairman/Pres
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Char/ V.p.
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See 360 Grassroots executive salaries →

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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $1.00
Management & general100%$34K
Total functional expensesLn 25$34K

Balance Sheet

Part X · end of year
CashLn 1$137K
Total assetsLn 16$137K
Total liabilitiesLn 26$0
Total net assetsLn 32$137K
Months of cash on handcomputed47.8

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $137K · Operating expenses/yr $34K
47.8 months
Where the money goes
Program services
Program services $0 · Total expenses $34K
0%
Management & General
Management & general $34K · Total expenses $34K
100%
Fundraising
Fundraising $0 · Total expenses $34K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $0
Government reliance
Government grants — · Total revenue $0
Earned-income share
Program service revenue $0 · Total revenue $0
Investment reliance
Investment income $0 · Total revenue $0
Program self-sufficiency
Program service revenue $0 · Total expenses $34K
0%
Growth & trend
Revenue growth (YoY)
This year $0 · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $137K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $0 · Expenses $34K
Liabilities-to-Assets
Total liabilities — · Total assets $137K
Net-asset ratio
Net assets $137K · Total assets $137K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $137K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Steve Hawks · Reported title CHAIRMAN/PRES · Highest reported compensation $0 · Total expenses $34K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $34K
Peer comparison

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

MetricThis orgPeer medianPercentile
Overhead ratio 100%
Accounting fee ratio 9%

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.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)— revenue · ⤓ 990 PDF
FY2022— revenue · ⤓ 990 PDF
FY2021$30 revenue · ⤓ 990 PDF
FY2020$0 revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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