Versability Resources INC: Nonprofit Profile, Financials & Form 990 (EIN 27-6203765)

Revenue by fiscal year
FY2020	$650K
FY2021	$712K
FY2022	$649K
FY2025	$2.4M

Expenses by fiscal year
FY2020	$654K
FY2021	$726K
FY2022	$677K
FY2025	$2.5M

Net assets by fiscal year
FY2020	−$101K
FY2021	−$115K
FY2022	−$143K
FY2025	−$193K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2009.

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

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Kathryn Grzelkowski

Trustee

$0Pt VII · Sec A

Michael Tomchick

Trustee

$0Pt VII · Sec A

See Versability Resources 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

Provides fringe benefits like health insurance and paid time off to employees covered by the Service Contract Act.

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1 program · in their own filed words · FY2024

01

The trust provides fringe benefits to employees covered by the service contract act. Fringe benefits include health, dental, vision, life and short term disability benefits.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$2.4M

Ln 12

Fees for servicesLn 2g$2.4M

Money outPt IX

$2.5M

Ln 25

Owns and owesPt X

−$193K

net assets · Ln 32

Cash and savingsLn 1–2$36K

Total assetsLn 16$86K

LiabilitiesLn 26$279K

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a2

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$2.4M

Total revenueLn 12$2.4M

Assets in detailPt X, end of year

CashLn 1$36K

Cash and savings togetherLn 1–2$36K

Total assetsLn 16$86K

LiabilitiesLn 26$279K

Net assetsLn 32−$193K

OperationsPt I, VI

EmployeesI 50

VolunteersI 65

Fiscal year endsHeaderAugust

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$18K	$36K
Total assetsLn 16	$46K	$86K
LiabilitiesLn 26	$220K	$279K
Net assetsLn 32	−$174K	−$193K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Benefits paid to or for membersLn 4	$2.4M
Management feesLn 11a	$87K
Total functional expensesLn 25	$2.5M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$2.4M	$2.5M	−$19K	−$193K	990 PDF
FY2024	Not on file
FY2023	Not on file
FY2022	$649K	$677K	−$28K	−$143K	990 PDF
FY2021	$712K	$726K	−$14K	−$115K	990 PDF
FY2020	$650K	$654K	−$4K	−$101K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $2,434,198 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $2,169,603$2,434,198

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $2,169,603$2,434,198

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $2,085,323$2,366,010

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $72,322$87,077

I-18 Total expensesPrior year $2,157,645$2,453,087

I-19 Revenue less expensesPrior year $11,958−$18,889

Part VI · Governance 2 of 2 board members independent, 4 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members2

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

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

Part VIII · Statement of revenue $2,434,198 across 2 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,434,198$2,434,198

VIII-12 Total revenueRelated to mission $2,434,198 · Unrelated business $0 · Excluded from tax $0$2,434,198

Part IX · Statement of functional expenses $2,453,087 across 2 lines filed

IX-4 Benefits paid to or for members$2,366,010

IX-11a Management fees$87,077

IX-25 Total functional expenses$2,453,087

Part X · Balance sheet $86,296 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $18,298$36,296

X-4 Accounts receivableStart of year $27,494$50,000

X-16 Total assetsStart of year $45,792$86,296

X-17 Accounts payable and accrued expensesStart of year $5,063$21,637

X-19 Deferred revenueStart of year $85,269$111,418

X-25 Other liabilitiesStart of year $129,658$146,328

X-26 Total liabilitiesStart of year $219,990$279,383

X-27 Net assets without donor restrictionsStart of year −$174,198−$193,087

X-32 Total net assets or fund balancesStart of year −$174,198−$193,087

X-33 Total liabilities and net assetsStart of year $45,792$86,296

Part XI · Reconciliation of net assets −$193,087 net assets at year end

XI-1 Total revenue$2,434,198

XI-2 Total expenses$2,453,087

XI-3 Revenue less expenses−$18,889

XI-4 Net assets at start of year−$174,198

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$193,087

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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