Vernon Avenue Project INC FY2020 filing

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The organization's mission is to offer employment that leads to renewed engagement in education, training and commitment to community leadership and service. Management is proposing a vision, which seeks to develop a working environment for the young adults of the community by creating employment opportunities while partnering with existing employers in the community. Through reconnect, the aim is to transform the participants into the neighborhood's next generation of entrepreneurs, dreamers and thinkers as they learn to grow with the existing business and reconnect future endeavors.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-2995249) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$10K 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

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $94K a year · 20% of revenue · last 5 filings
A surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
77% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$10K
to officers and key staff · 3% of spending
Pay to officers and key staff is 3% of spending.
Part VII, Section A
19.7 mo
of spending, in cash
19.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $7K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$11K
2% of total assets
Liabilities are 2% of assets.
Pt X · Ln 26
Independent board members
9
of 11 voting members
9 of 11 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$292K
Spent
$295K
To programs
77%
Net assets
$530K
By yearFY2020–FY2024
Revenue
$292K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$292K
FY2021$280K
FY2022$791K
FY2023$729K
FY2024$258K
Expenses
$295K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$295K
FY2021$364K
FY2022$772K
FY2023$914K
FY2024$477K
Net assets
$530K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$530K
FY2021$445K
FY2022$465K
FY2023$280K
FY2024$61K

From the FY2020 Form 990 · see the original

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

Is it real?

Yes. Exemption reinstated (2013-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Aug 2014.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $228K Management & general 18% · $53K Fundraising 5% · $14K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

11 people listed on the 990; $10K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Di
$8,078Pt VII · Sec A
$1,875Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Rev James O'Shea’s $8K as Executive Di is at the 5th percentile of top reported officer pay among 1993 $100K–1M youth development 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.

See Vernon Avenue Project INC executive salaries →

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

Provides jobs for young adults, encouraging education, training, and community leadership.

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1 program · $228K · in their own filed words · FY2020
01

The vernon avenue project, inc. Was formed in 2010 to reconnect young men, 17-24, to positive life paths through entrepreneurship, education and leadership. The organization, also known as "reconnect" offers formative entry level work through the youth employment and development program. Work is provided at reconnect graphics.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-2995249) · Dispute this line
$228Kprogram 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
Total grants receivedfrom 2 funders$7K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$292K
Ln 12
Gifts and grantsLn 1h$261K
Other incomeLn 4–11$29K
Investment incomeLn 3$2K
Money outPt IX
$295K
Ln 25
Programscol B$228K
Managementcol C$53K
Fundraisingcol D$14K
Owns and owesPt X
$530K
net assets · Ln 32
Cash and savingsLn 1–2$484K
Total assetsLn 16$541K
LiabilitiesLn 26$11K
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$261K
Government grantsLn 1e$74K
Fundraising eventsLn 1c$87K
Investment incomeLn 3$2K
Other incomeLn 4–11$29K
Total revenueLn 12$292K
Assets in detailPt X, end of year
CashLn 1$144K
SavingsLn 2$340K
Cash and savings togetherLn 1–2$484K
Accounts receivableLn 4$9K
Inventories for sale or useLn 8$11K
Prepaid expenses and deferred chargesLn 9$3K
Land, buildings, equipmentLn 10c$31K
Other assetsLn 15$2K
Total assetsLn 16$541K
LiabilitiesLn 26$11K
Net assetsLn 32$530K
OperationsPt I, VI
EmployeesI 529
VolunteersI 620
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 FY20End FY20
Cash and savingsLn 1–2$479K$484K
Land, buildings, equipmentLn 10c$42K$31K
Total assetsLn 16$543K$541K
LiabilitiesLn 26$10K$11K
Net assetsLn 32$533K$530K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$10K$4K$5K$1K
Other salaries and wagesLn 7$183K$159K$18K$5K
Other employee benefitsLn 9$6K$5K$679$170
Payroll taxesLn 10$21K$18K$3K$875
Accounting feesLn 11c$5K$1K$3K$799
Other fees for servicesLn 11g$14K$7K$4K$4K
Advertising and promotionLn 12$423$338$85
Office expensesLn 13$8K$3K$4K$442
OccupancyLn 16$17K$9K$7K$800
TravelLn 17$25$25
Depreciation, depletion and amortizationLn 22$15K$13K$1K$1K
InsuranceLn 23$3K$2K$1K
Other expenses (24a–d)Ln 24$14K$8K$5K$117
Total functional expensesLn 25$295K$228K$53K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 17, 2025 $258K$477K−$219K$61K 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $729K$914K−$185K$280K 990 PDF
FY2022Filed with the IRS Oct 31, 2023 $791K$772K$19K$465K 990 PDF
FY2021Filed with the IRS Jun 16, 2022 $280K$364K−$85K$445K 990 PDF
FY2020 ViewingFiled with the IRS Jul 20, 2021 $292K$295K−$3K$530K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $292,382 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $325,948$260,866
I-9 Program service revenue$0
I-10 Investment incomePrior year $9,022$2,491
I-11 Other revenuePrior year $121,558$29,025
I-12 Total revenuePrior year $456,528$292,382
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $293,784$219,413
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $114,134$75,838
I-18 Total expensesPrior year $407,918$295,251
I-19 Revenue less expensesPrior year $48,610−$2,869
Part VI · Governance 9 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
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 $292,382 across 7 lines filed
Lines not itemized here account for $23,725 of total revenue; see the IRS return.
VIII-1c Fundraising events$86,869
VIII-1e Government grants$74,181
VIII-1f All other contributions, gifts and grants$99,816
VIII-1h Total contributions, gifts and grants$260,866
VIII-3 Investment incomeRelated to mission $2,491$2,491
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,300$5,300
VIII-12 Total revenueRelated to mission $31,516$292,382
Part IX · Statement of functional expenses $295,251 across 13 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $3,895 · Management $4,847 · Fundraising $1,211$9,953
IX-7 Other salaries and wagesPrograms $159,409 · Management $18,473 · Fundraising $4,619$182,501
IX-9 Other employee benefitsPrograms $4,812 · Management $679 · Fundraising $170$5,661
IX-10 Payroll taxesPrograms $17,521 · Management $2,902 · Fundraising $875$21,298
IX-11c Accounting feesPrograms $1,331 · Management $3,195 · Fundraising $799$5,325
IX-11g Other fees for servicesPrograms $6,714 · Management $4,000 · Fundraising $3,500$14,214
IX-12 Advertising and promotionPrograms $338 · Management $85$423
IX-13 Office expensesPrograms $3,080 · Management $3,981 · Fundraising $442$7,503
IX-16 OccupancyPrograms $8,600 · Management $7,200 · Fundraising $800$16,600
IX-17 TravelPrograms $25$25
IX-22 Depreciation, depletion and amortizationPrograms $12,887 · Management $1,061 · Fundraising $1,213$15,161
IX-23 InsurancePrograms $1,612 · Management $1,186$2,798
IX-24 Other expenses (24a–d)Programs $8,263 · Management $5,409 · Fundraising $117$13,789
IX-25 Total functional expensesPrograms $228,487 · Management $53,018 · Fundraising $13,746$295,251
Part X · Balance sheet $540,818 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $72,401$143,943
X-2 Savings and temporary cash investmentsStart of year $406,110$340,498
X-4 Accounts receivableStart of year $7,080$8,690
X-8 Inventories for sale or useStart of year $9,614$11,114
X-9 Prepaid expenses and deferred chargesStart of year $3,594$2,978
X-10c Land, buildings and equipment, netStart of year $42,028$31,140
X-15 Other assetsStart of year $2,455$2,455
X-16 Total assetsStart of year $543,282$540,818
X-17 Accounts payable and accrued expensesStart of year $7,871$6,557
X-25 Other liabilitiesStart of year $2,540$4,259
X-26 Total liabilitiesStart of year $10,411$10,816
X-27 Net assets without donor restrictionsStart of year $532,871$530,002
X-32 Total net assets or fund balancesStart of year $532,871$530,002
X-33 Total liabilities and net assetsStart of year $543,282$540,818
Part XI · Reconciliation of net assets $530,002 net assets at year end
XI-1 Total revenue$292,382
XI-2 Total expenses$295,251
XI-3 Revenue less expenses−$2,869
XI-4 Net assets at start of year$532,871
XI-10 Net assets at end of year$530,002

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

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