Operation Revamp INC FY2023 filing

Tax-deductible

Grand Jct, CO501(c)(3)EducationEIN 27-3262040Revenue $49K in FY2023

On file with the IRSoperationrevamp.org307 S 12th St, 81501-3627 · Grand Jct, COTax-exempt since Jan 2011Publicly supported charity — 170(b)(1)(A)(vi)

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To provide military veterans and their families healing support through art and related activities by providing studio space, instruction, tools, equipment and supplies. To assist with mental wellness through peer support, healing arts, emergency services, education, shelter and transportation.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $5K a year · 6% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$208K
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$49K
-34% vs prior year
Spent
$54K
To programs
89%
Net assets
$320K
By yearFY2020–FY2025
Revenue
$49K
FY2023▼ -34%
Tap a bar for its year
Revenue by fiscal year
FY2020$102K
FY2021$52K
FY2022$74K
FY2023$49K
FY2024$69K
FY2025$134K
Expenses
$54K
FY2023▼ -31%
Tap a bar for its year
Expenses by fiscal year
FY2020$99K
FY2021Not on file
FY2022$78K
FY2023$54K
FY2024$69K
FY2025$155K
Net assets
$320K
FY2023▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$262K
FY2021$247K
FY2022$316K
FY2023$320K
FY2024$322K
FY2025$422K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2011.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $48K Management & general 9% · $5K Fundraising 2% · $842

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President CEO
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Program Director
$0Pt VII · Sec A
See Operation Revamp INC 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 15aNo
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Offers veterans and families healing through art, peer support, and essential services like shelter and transport.

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Provided by the organization

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2 programs · $48K · in their own filed words · FY2022
01

Provision of art studios, art supplies, workshops, wood shops, ceramics studios for veterans and family members at the Veterans Art Center, at home, or outside programs.

$33Kprogram expense
02

Provision of meals, support, transportation, education, computers, internet, healing arts, and emergency services for emotional healing of military veterans and family members. Healing arts programs to provide free tai chi and bodytalk sessions for veterans.

$15Kprogram 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$20K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$49K
Ln 12
Gifts and grantsLn 1h$49K
Other incomeLn 4–11$617
Investment incomeLn 3$1
Money outPt IX
$54K
Ln 25
Programscol B$48K
Managementcol C$5K
Fundraisingcol D$842
Owns and owesPt X
$320K
net assets · Ln 32
Cash and savingsLn 1–2$6K
Total assetsLn 16$528K
LiabilitiesLn 26$208K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$49K
Government grantsLn 1e$0
Noncash giftsLn 1g$5K
Fundraising eventsLn 1c$335
Investment incomeLn 3$1
Other incomeLn 4–11$617
Total revenueLn 12$49K
Assets in detailPt X, end of year
CashLn 1$6K
SavingsLn 2$0
Cash and savings togetherLn 1–2$6K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$459K
Other assetsLn 15$0
Total assetsLn 16$528K
LiabilitiesLn 26$208K
Net assetsLn 32$320K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$10K$6K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$440K$459K
Total assetsLn 16$524K$528K
LiabilitiesLn 26$208K$208K
Net assetsLn 32$316K$320K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$4K$4K
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$271$0$271$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$242$0$0$242
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$156$156$0$0
Office expensesLn 13$137$0$137$0
Information technologyLn 14$7K$4K$3K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$32K$31K$600$600
TravelLn 17$4K$4K$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$143$0$143$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$980$0$980$0
All other expensesLn 24e$5K$5K$0$0
Total functional expensesLn 25$54K$48K$5K$842

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $134K$155K−$21K$422K 990 PDF
FY2024 $69K$69K$355$322K 990 PDF
FY2023 Viewing $49K$54K−$5K$320K 990 PDF
FY2022 $74K$78K−$4K$316K 990 PDF
FY2021 $52K$247K 990 PDF
FY2020 $102K$99K$2K$262K 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 FY2023 990 (6 parts)
Part I · Summary $49,418 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $74,330$48,800
I-9 Program service revenue$0
I-10 Investment income$1
I-11 Other revenue$617
I-12 Total revenuePrior year $74,330$49,418
I-13 Grants and similar amounts paidPrior year $30,287$3,629
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $48,065$50,560
I-18 Total expensesPrior year $78,352$54,189
I-19 Revenue less expensesPrior year −$4,022−$4,771
Part VI · Governance 3 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $49,418 across 11 lines filed
Lines not itemized here account for $617 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$565
VIII-1c Fundraising events$335
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$47,900
VIII-1g Noncash contributions (included above)$4,970
VIII-1h Total contributions, gifts and grants$48,800
VIII-3 Investment incomeRelated to mission $1 · Unrelated business $0 · Excluded from tax $0$1
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $618 · Unrelated business $0 · Excluded from tax $0$49,418
Part IX · Statement of functional expenses $54,189 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $3,629$3,629
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $271 · Fundraising $0$271
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $242$242
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $156 · Management $0 · Fundraising $0$156
IX-13 Office expensesPrograms $0 · Management $137 · Fundraising $0$137
IX-14 Information technologyPrograms $4,452 · Management $2,751 · Fundraising $0$7,203
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $31,263 · Management $600 · Fundraising $600$32,463
IX-17 TravelPrograms $4,003 · Management $0 · Fundraising $0$4,003
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $143 · Fundraising $0$143
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $980 · Fundraising $0$980
IX-24e All other expensesPrograms $4,962 · Management $0 · Fundraising $0$4,962
IX-25 Total functional expensesPrograms $48,465 · Management $4,882 · Fundraising $842$54,189
Part X · Balance sheet $527,955 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $9,615$5,728
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $1,175$0
X-8 Inventories for sale or useStart of year $73,225$63,567
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $440,000$458,660
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $524,015$527,955
X-24 Unsecured notes and loans payableStart of year $25,797$25,845
X-26 Total liabilitiesStart of year $207,686$208,070
X-27 Net assets without donor restrictionsStart of year $316,329$319,885
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $316,329$319,885
X-33 Total liabilities and net assetsStart of year $524,015$527,955
Part XI · Reconciliation of net assets $319,885 net assets at year end
XI-1 Total revenue$49,418
XI-2 Total expenses$54,189
XI-3 Revenue less expenses−$4,771
XI-4 Net assets at start of year$316,329
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$8,327
XI-10 Net assets at end of year$319,885

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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