Sector67 INC FY2021 filing

Tax-deductible

Madison, WI501(c)(3)Since 2010Community DevelopmentEIN 27-3427496Revenue $190K in FY2021

On file with the IRSsector67.org56 Corry St, 53704-5447 · Madison, WITax-exempt since Mar 2013Publicly supported charity — 170(b)(1)(A)(vi)

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Member workspace and outreach activities and educational support to area homeschooling groups, public and private schools and universities

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$24K 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
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
4 of 6
filings with a surplus
Average surplus $164K a year · 46% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$24K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
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
4
of 6 voting members
Looks good: 4 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$190K
+71% vs prior year
Spent
$199K
To programs
85%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$190K
FY2021▲ +71%
Tap a bar for its year
Revenue by fiscal year
FY2020$111K
FY2021$190K
FY2022$372K
FY2023$233K
FY2024$270K
FY2025$958K
Expenses
$199K
FY2021▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2020$160K
FY2021$199K
FY2022$246K
FY2023$173K
FY2024$175K
FY2025$194K
Net assets
$1.1M
FY2021▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$884K
FY2021$1.1M
FY2022$1.3M
FY2023$1.5M
FY2024$1.6M
FY2025$2.4M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2013.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $169K Management & general 10% · $20K Fundraising 5% · $10K

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

6 people listed on the 990; $24K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$24,000Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A

Chris Meyer’s $41K as President is at the 21st percentile of top reported officer pay among 1708 $100K–1M community 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.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Chris Meyer$40,828$36,000$36,000$36,000$24,000

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.

See Sector67 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 15aYes

Programs and updates

Provides workspace, outreach, and educational support for homeschooling groups and schools.

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Provided by the organization

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1 program · $169K · in their own filed words · FY2021
01

workspace for members, outreach and education to homeschooling groups, public and private schools and universities

$169Kprogram 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$2K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$190K
Ln 12
Gifts and grantsLn 1h$139K
Fees for servicesLn 2g$51K
Investment incomeLn 3$9
Money outPt IX
$199K
Ln 25
Programscol B$169K
Managementcol C$20K
Fundraisingcol D$10K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$162K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$139K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$51K
Investment incomeLn 3$9
Total revenueLn 12$190K
Assets in detailPt X, end of year
CashLn 1$162K
Cash and savings togetherLn 1–2$162K
Land, buildings, equipmentLn 10c$909K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 51
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$129K$162K
Land, buildings, equipmentLn 10c$756K$909K
Total assetsLn 16$884K$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$884K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Other salaries and wagesLn 7$18K$15K$2K$909
Accounting feesLn 11c$2K$2K$195$97
Advertising and promotionLn 12$56$47$6$3
Information technologyLn 14$459$390$46$23
OccupancyLn 16$16K$13K$2K$779
TravelLn 17$503$428$50$25
InterestLn 20$0
Depreciation, depletion and amortizationLn 22$43K$37K$4K$2K
InsuranceLn 23$9K$8K$941$471
Other expenses (24a–d)Ln 24$108K$92K$11K$5K
All other expensesLn 24e$1K$1K$141$71
Total functional expensesLn 25$199K$169K$20K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $958K$194K$764K$2.4M 990 PDF
FY2024 $270K$175K$95K$1.6M 990 PDF
FY2023 $233K$173K$60K$1.5M 990 PDF
FY2022 $372K$246K$126K$1.3M 990 PDF
FY2021 Viewing $190K$199K−$9K$1.1M 990 PDF
FY2020 $111K$160K−$49K$884K 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 $190,094 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $107,409$139,125
I-9 Program service revenuePrior year $3,627$50,960
I-10 Investment incomePrior year $18$9
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $111,054$190,094
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $19,839$18,186
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $140,459$180,884
I-18 Total expensesPrior year $160,298$199,070
I-19 Revenue less expensesPrior year −$49,244−$8,976
Part VI · Governance 4 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $190,094 across 11 lines filed
Lines not itemized here account for $50,960 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$53,825
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$85,300
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$139,125
VIII-3 Investment incomeRelated to mission $9 · Unrelated business $0 · Excluded from tax $0$9
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $50,969 · Unrelated business $0 · Excluded from tax $0$190,094
Part IX · Statement of functional expenses $199,070 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $15,458 · Management $1,819 · Fundraising $909$18,186
IX-11c Accounting feesPrograms $1,653 · Management $195 · Fundraising $97$1,945
IX-12 Advertising and promotionPrograms $47 · Management $6 · Fundraising $3$56
IX-14 Information technologyPrograms $390 · Management $46 · Fundraising $23$459
IX-16 OccupancyPrograms $13,235 · Management $1,557 · Fundraising $779$15,571
IX-17 TravelPrograms $428 · Management $50 · Fundraising $25$503
IX-20 Interest$0
IX-22 Depreciation, depletion and amortizationPrograms $36,825 · Management $4,332 · Fundraising $2,166$43,323
IX-23 InsurancePrograms $7,999 · Management $941 · Fundraising $471$9,411
IX-24 Other expenses (24a–d)Programs $91,972 · Management $10,820 · Fundraising $5,410$108,202
IX-24e All other expensesPrograms $1,202 · Management $141 · Fundraising $71$1,414
IX-25 Total functional expensesPrograms $169,209 · Management $19,907 · Fundraising $9,954$199,070
Part X · Balance sheet $1,071,643 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $128,598$162,498
X-10c Land, buildings and equipment, netStart of year $755,899$909,145
X-16 Total assetsStart of year $884,497$1,071,643
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $884,497$1,071,643
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $884,497$1,071,643
X-33 Total liabilities and net assetsStart of year $884,497$1,071,643
Part XI · Reconciliation of net assets $1,071,643 net assets at year end
XI-1 Total revenue$190,094
XI-2 Total expenses$199,070
XI-3 Revenue less expenses−$8,976
XI-4 Net assets at start of year$884,497
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$196,122
XI-10 Net assets at end of year$1,071,643

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

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