Restore Mobile INC FY2023 filing

Tax-deductible

Mobile, AL501(c)(3)HousingEIN 27-4185783

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The mission of Restore Mobile, INC. Is dedicated to promoting and facilitating the restoration and preservation of properties and neighborhoods of historical or archetectural value that are located in the city of Mobile, alabama

501(c)(3) charity; gifts are tax-deductible.
71¢ 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $41K a year · 19% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 11.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $35K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$312K
+126% vs prior year
Spent
$270K
To programs
71%
Net assets
$535K
By yearFY2020–FY2024
Revenue
$312K
FY2023▲ +126%
Revenue by fiscal year
FY2020$426K
FY2021$137K
FY2022$139K
FY2023$312K
FY2024$81K
Expenses
$270K
FY2023▲ +129%
Expenses by fiscal year
FY2020$357K
FY2021$65K
FY2022$118K
FY2023$270K
FY2024$81K
Net assets
$535K
FY2023▼ -27%
Net assets by fiscal year
FY2020$641K
FY2021$713K
FY2022$733K
FY2023$535K
FY2024$505K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2011.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $191K Management & general 28% · $77K Fundraising 1% · $3K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Melanie Bunting-Seymour’s $60K as President is at the 74th percentile of top reported officer pay among 141 <$100K housing 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 Restore Mobile 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

Programs and updates

Preserves and restores historic properties and neighborhoods in Mobile, Alabama.

Provided by the organization

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1 program · $191K · in their own filed words · FY2023
01

The mission of restore mobile, inc. Is dedicated to promoting and facilitating the restoration and preservation of properties and neighborhoods of historical or archetectural value that are located in the city of mobile, alabama

$191Kprogram 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 1 funder$35K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$312K
Ln 12
Fees for servicesLn 2g$284K
Gifts and grantsLn 1h$29K
Money outPt IX
$270K
Ln 25
Programscol B$191K
Managementcol C$77K
Fundraisingcol D$3K
Owns and owesPt X
$535K
net assets · Ln 32
Cash and savingsLn 1–2$251K
Total assetsLn 16$542K
LiabilitiesLn 26$7K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$29K
Fees for servicesLn 2g$284K
Total revenueLn 12$312K
Assets in detailPt X, end of year
CashLn 1$251K
Cash and savings togetherLn 1–2$251K
Other assetsLn 15$290K
Total assetsLn 16$542K
LiabilitiesLn 26$7K
Net assetsLn 32$535K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$319K$251K
Total assetsLn 16$740K$542K
LiabilitiesLn 26$7K$7K
Net assetsLn 32$733K$535K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$57K$57K
Management feesLn 11a$9K$9K
Other fees for servicesLn 11g$201K$191K$10K
Advertising and promotionLn 12$3K$3K
InsuranceLn 23$1K$1K
Total functional expensesLn 25$270K$191K$77K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $81K$81K$387$505K 990 PDF
FY2023 Viewing $312K$270K$42K$535K 990 PDF
FY2022 $139K$118K$20K$733K 990 PDF
FY2021 $137K$65K$72K$713K 990 PDF
FY2020 $426K$357K$70K$641K 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 (4 parts)
Part VIII · Statement of revenue $312,454 across 4 lines filed
VIII-1f All other contributions, gifts and grants$28,554
VIII-1h Total contributions, gifts and grants$28,554
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $283,900$283,900
VIII-12 Total revenueRelated to mission $0 · Unrelated business $283,900 · Excluded from tax $0$312,454
Part IX · Statement of functional expenses $270,309 across 5 lines filed
IX-7 Other salaries and wagesManagement $56,599$56,599
IX-11a Management feesManagement $8,797$8,797
IX-11g Other fees for servicesPrograms $191,038 · Management $10,026$201,064
IX-12 Advertising and promotionFundraising $2,740$2,740
IX-23 InsuranceManagement $1,109$1,109
IX-25 Total functional expensesPrograms $191,038 · Management $76,531 · Fundraising $2,740$270,309
Part X · Balance sheet $541,714 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $319,024$251,448
X-15 Other assetsStart of year $420,531$290,266
X-16 Total assetsStart of year $739,555$541,714
X-17 Accounts payable and accrued expensesStart of year $4,254$4,177
X-26 Total liabilitiesStart of year $6,640$6,563
X-27 Net assets without donor restrictionsStart of year $681,923$497,690
X-28 Net assets with donor restrictionsStart of year $50,992$37,461
X-32 Total net assets or fund balancesStart of year $732,915$535,151
X-33 Total liabilities and net assetsStart of year $739,555$541,714
Part XI · Reconciliation of net assets $535,151 net assets at year end
XI-1 Total revenue$312,454
XI-2 Total expenses$270,309
XI-3 Revenue less expenses$42,145
XI-4 Net assets at start of year$732,915
XI-5 Net unrealized gains (losses) on investments−$239,909
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$535,151

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

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