Spectrum Works INC

Tax-deductible

Secaucus, NJ501(c)(3)EmploymentEIN 27-4810387Revenue $1.4M in FY2024

On file with the IRSspectrumworks.org565 Windsor Drive, 07094-2716 · Secaucus, NJTax-exempt since Sep 2011Publicly supported charity — 170(b)(1)(A)(vi)

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Provide job training to young adults with autism assist companies to build inclusive workforces that include individuals with autism provide employment transition services to high schools for students with autism

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Run by 4 volunteers and 106 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
3 of 5
filings with a surplus
Average surplus $43K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$131K
to officers and key staff · 10% of spending
Top officer’s pay higher than 52% of similar orgs
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $25K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$144K
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 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
$1.4M
+12% vs prior year
Spent
$1.3M
To programs
82%
Net assets
$550K
By yearFY2020–FY2024
Revenue
$1.4M
FY2024▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$721K
FY2021$787K
FY2022$821K
FY2023$1.3M
FY2024$1.4M
Expenses
$1.3M
FY2024▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$640K
FY2021$796K
FY2022$938K
FY2023$1.1M
FY2024$1.3M
Net assets
$550K
FY2024▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$416K
FY2021$407K
FY2022$290K
FY2023$451K
FY2024$550K

From the FY2024 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: FY2024. IRS ruling in Sep 2011.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $1.1M Management & general 15% · $199K Fundraising 3% · $39K

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; $131K paid to officers and key staff.

Part VII, Section A · reportable compensation
$131,106Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A

Ann-Marie Sullivan’s $131K as CEO is at the 52nd percentile of top reported officer pay among 1245 $1–10M employment 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Ann-Marie Sullivan$131,106$106,106$86,858——
Ann Marie Sullivan———$85,013$91,158

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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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

Trains young adults with autism for jobs and helps companies build inclusive workforces.

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2024
01

Provide job training to young adults who are diagnosed with autism. Assist companies to build inclusive workforces that include individuals with autism. Provide employment transition services to high schools for students with autism

$1.1Mprogram 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
Gap FoundationFY2024$100
Total grants receivedfrom 3 funders$25K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$827K
Gifts and grantsLn 1h$584K
Investment incomeLn 3$10K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.1M
Managementcol C$199K
Fundraisingcol D$39K
Owns and owesPt X
$550K
net assets · Ln 32
Cash and savingsLn 1–2$340K
Total assetsLn 16$694K
LiabilitiesLn 26$144K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$584K
Fees for servicesLn 2g$827K
Investment incomeLn 3$10K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$340K
Cash and savings togetherLn 1–2$340K
Land, buildings, equipmentLn 10c$11K
Total assetsLn 16$694K
LiabilitiesLn 26$144K
Net assetsLn 32$550K
OperationsPt I, VI
EmployeesI 5106
VolunteersI 64
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 FY24End FY24
Cash and savingsLn 1–2$436K$340K
Land, buildings, equipmentLn 10c$14K$11K
Total assetsLn 16$615K$694K
LiabilitiesLn 26$164K$144K
Net assetsLn 32$451K$550K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$650K$572K$79K
Pension plan contributionsLn 8$3K$2K$1K
Other employee benefitsLn 9$8K$8K
Payroll taxesLn 10$62K$55K$7K
Legal feesLn 11b$412$412
Accounting feesLn 11c$24K$24K
Advertising and promotionLn 12$76K$76K
Office expensesLn 13$8K$8K
Information technologyLn 14$18K$16K$2K
OccupancyLn 16$27K$26K$943
TravelLn 17$3K$3K
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$59K$59K
Other expenses (24a–d)Ln 24$369K$327K$3K$39K
All other expensesLn 24e$8K$3K$5K
Total functional expensesLn 25$1.3M$1.1M$199K$39K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.4M$1.3M$99K$550K 990 PDF
FY2023 $1.3M$1.1M$161K$451K 990 PDF
FY2022 $821K$938K−$117K$290K 990 PDF
FY2021 $787K$796K−$9K$407K 990 PDF
FY2020 $721K$640K$80K$416K 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 FY2024 990 (6 parts)
Part I · Summary $1,421,431 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $620,434$583,990
I-9 Program service revenuePrior year $532,333$827,408
I-10 Investment incomePrior year $3,553$10,033
I-11 Other revenuePrior year $115,745$0
I-12 Total revenuePrior year $1,272,065$1,421,431
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 $763,142$723,122
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $347,869$599,739
I-18 Total expensesPrior year $1,111,011$1,322,861
I-19 Revenue less expensesPrior year $161,054$98,570
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $1,421,431 across 5 lines filed
VIII-1f All other contributions, gifts and grants$583,990
VIII-1h Total contributions, gifts and grants$583,990
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $827,408$827,408
VIII-3 Investment incomeUnrelated business $10,033$10,033
VIII-12 Total revenueRelated to mission $827,408 · Unrelated business $10,033 · Excluded from tax $0$1,421,431
Part IX · Statement of functional expenses $1,322,861 across 16 lines filed
IX-7 Other salaries and wagesPrograms $571,729 · Management $78,664$650,393
IX-8 Pension plan contributionsPrograms $1,651 · Management $1,102$2,753
IX-9 Other employee benefitsPrograms $8,456$8,456
IX-10 Payroll taxesPrograms $54,897 · Management $6,623$61,520
IX-11b Legal feesManagement $412$412
IX-11c Accounting feesManagement $24,226$24,226
IX-12 Advertising and promotionPrograms $76,288$76,288
IX-13 Office expensesManagement $7,914$7,914
IX-14 Information technologyPrograms $16,107 · Management $1,863$17,970
IX-16 OccupancyPrograms $26,400 · Management $943$27,343
IX-17 TravelManagement $3,078$3,078
IX-20 InterestManagement $4,299$4,299
IX-22 Depreciation, depletion and amortizationManagement $2,860$2,860
IX-23 InsuranceManagement $58,554$58,554
IX-24 Other expenses (24a–d)Programs $327,160 · Management $3,194 · Fundraising $38,649$369,003
IX-24e All other expensesPrograms $2,733 · Management $5,059$7,792
IX-25 Total functional expensesPrograms $1,085,421 · Management $198,791 · Fundraising $38,649$1,322,861
Part X · Balance sheet $693,749 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $436,001$339,512
X-4 Accounts receivableStart of year $159,730$342,324
X-9 Prepaid expenses and deferred chargesStart of year $5,416$601
X-10c Land, buildings and equipment, netStart of year $14,172$11,312
X-16 Total assetsStart of year $615,319$693,749
X-17 Accounts payable and accrued expensesStart of year $17,816$1,710
X-24 Unsecured notes and loans payableStart of year $146,175$142,141
X-26 Total liabilitiesStart of year $163,991$143,851
X-32 Total net assets or fund balancesStart of year $451,328$549,898
X-33 Total liabilities and net assetsStart of year $615,319$693,749
Part XI · Reconciliation of net assets $549,898 net assets at year end
XI-1 Total revenue$1,421,431
XI-2 Total expenses$1,322,861
XI-3 Revenue less expenses$98,570
XI-4 Net assets at start of year$451,328
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$549,898

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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