Sleepyhead Beds FY2024 filing

Kansas City, MO · Public charity (501(c)(3)) · Human Services

✓ Tax-deductible Latest data FY2024
Revenue
$513K
-0.4% vs prior year
Spent
$534K
To programs
86%
Net assets
$416K
By yearFY2020–FY2025
Revenue
$513K
FY2024-0.4%
Revenue by fiscal year
FY2020$1.0M
FY2021$667K
FY2022$627K
FY2023$515K
FY2024$513K
FY2025$443K
Expenses
$534K
FY2024▲ +19%
Expenses by fiscal year
FY2020$1.0M
FY2021$537K
FY2022$620K
FY2023$449K
FY2024$534K
FY2025$426K
Net assets
$416K
FY2024▼ -5%
Net assets by fiscal year
FY2020$241K
FY2021$370K
FY2022$378K
FY2023$438K
FY2024$416K
FY2025$433K
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Foundation funders?
2 funders, incl. Roderick J & Jo Anne Cyr Foundation
$21K in the latest grant year.
Spent on programs?
86% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
→ -0.4% vs prior year
Legal name (IRS)Hdr · item CSleepyhead Beds
EINHdr · item D27-3677974
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJan 2011
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CKansas City, MO
NTEE classificationIRS BMFHuman Services (P99)
WebsiteHdr · item Jsleepyheadbeds.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.01 Fundraising $0.13
Program services86%$459K
Management & general1%$6K
Fundraising13%$68K
Total functional expensesLn 25$534K

Financial health

Program efficiency
86%
of spending reaches programs
Operating runway
10.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$416K
FY2024▼ -7%
Total assets by fiscal year
FY2020$285K
FY2021$522K
FY2022$387K
FY2023$446K
FY2024$416K
FY2025$433K
Total liabilities
$0
FY2024▼ -100%
Total liabilities by fiscal year
FY2020$43K
FY2021$152K
FY2022$9K
FY2023$8K
FY2024$0
FY2025$0
Revenue less expensesPt I · Ln 19−$21K
Total assetsPt X · Ln 16$416K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 413

Balance Sheet

Part X · end of year
CashLn 1$357K
Total assetsLn 16$416K
Total liabilitiesLn 26$0
Total net assetsLn 32$416K
Months of cash on handcomputed8.0

Statement of Revenue

Part VIII
Contributions & grants$490K · 96%
Other revenue$15K · 3%
Investment income$8K · 1%
Contributions & grants96%$490K
Other revenue3%$15K
Investment income1%$8K
Total revenueLn 12$513K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $357K · Operating expenses (Pt IX) $534K · Less non-cash grants $110K · Cash operating expenses/yr $424K
10.1 months
Where the money goes
Program services
Program services $459K · Total expenses $534K
86%
Management & General
Management & general $6K · Total expenses $534K
1%
Fundraising
Fundraising $68K · Total expenses $534K
13%
Cost to raise $1
Fundraising expense (3-yr avg) $46K · Solicited contributions (3-yr avg) $526K
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $490K · Total revenue $513K
96%
Government reliance
Government grants — · Total revenue $513K
—
Earned-income share
Program service revenue $0 · Total revenue $513K
0%
Investment reliance
Investment income $8K · Total revenue $513K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $534K
0%
Growth & trend
Revenue growth (YoY)
This year $513K · Prior year $515K
-0.4%
Revenue CAGR
FY2020 $1.0M · FY2024 $513K
-16%
Net-asset trend (YoY)
End of year $416K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $513K · Expenses $534K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $416K
—
Net-asset ratio
Net assets $416K · Total assets $416K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $416K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Stuart Hoffman · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $65K · Total expenses $534K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $235K · Total expenses $534K
44%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%——
Overhead ratio 1%——
Fundraising cost ratio 14%——
Revenue growth -0.4%——
Accounting fee ratio 0.8%——

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

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$65,413Pt VII · Sec A
Executive Director
$39,477Pt VII · Sec A
Treasurer
$4,380Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Ronald Castor’s $4K as Treasurer is at the 2nd percentile of top reported officer pay among 2167 $100K–1M 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Gayle T Holmes—$39,477$79,900$79,900$80,658$72,400
Stuart Hoffman—$65,413————
Ronald Castor$4,380$4,380$4,380—$3,600—
Pam Glickman$638—————

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
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b13
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Provides beds for children who lack them.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

2 program services account for $459K of program spending, described in the organization's own filed words · FY2024.
01

Delivery Service Program

Delivery of beds to children in need

$459Kprogram expense
02

Safe Baby Program

Providing safe cribs to babys in need

Pt IX · col B

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Funders

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 2 funders$21K

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $443K$426K-14% 990 PDF
FY2024 Viewing $513K$534K-0.4% 990 PDF
FY2023 $515K$449K-18% 990 PDF
FY2022 $627K$620K-6% 990 PDF
FY2021 $667K$537K-35% 990 PDF
FY2020 $1.0M$1.0M 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) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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