Saint Basil Academy Trust FY2022 filing

Tax-deductible

Roanoke, VA501(c)(3)EIN 27-6582209Revenue $641K in FY2022

On file with the IRSPo Box 12765, 24028-2765 · Roanoke, VATax-exempt since Jun 2017Supporting org, Type III (non-functionally integrated) — 509(a)(3)

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THE PRINCIPAL PURPOSE OF THE SAINT BASIL ACADEMY TRUST IS TO MAKE DISTRIBUTIONS OF INCOME TO SAINT BASIL ACADEMY, AN ORTHODOX HOME SERVING CHILDREN IN NEED LOCATED AT 79 SAINT BASIL ROAD, GARRISON, NEW YORK 10524, FOR AN EXEMPT FUNCTION AS DEFINED IN SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · 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 $77K a year · 16% 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
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.3 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
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$641K
-9% vs prior year
Spent
$346K
To programs
67%
Net assets
$7.9M
By yearFY2020–FY2024
Revenue
$641K
FY2022▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$123K
FY2021$701K
FY2022$641K
FY2023$369K
FY2024$592K
Expenses
$346K
FY2022▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$378K
FY2021$387K
FY2022$346K
FY2023$459K
FY2024$473K
Net assets
$7.9M
FY2022▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.2M
FY2021$8.3M
FY2022$7.9M
FY2023$7.9M
FY2024$8.5M

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 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 Jun 2017.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $233K Management & general 33% · $114K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
See Saint Basil Academy Trust 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 funds to an Orthodox home for children in need.

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Provided by the organization

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1 program · $233K · in their own filed words · FY2022
01

Distributions to saint basil academy (the supported organization). The supported organization is a national not-for-profit philanthropic center of the greek orthodox archdiocese of america which provides love, shelter, food, education, protection and a home for her orphans, children of chronocially ill or destitute parents or children…

$233Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Ahepa 421 INCFY2022$35K
Total grants receivedfrom 1 funder$35K
Grants paid · 5 grants · $1.4M · 2020–2024

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$641K
Ln 12
Investment incomeLn 3$641K
Money outPt IX
$346K
Ln 25
Programscol B$233K
Managementcol C$114K
Owns and owesPt X
$7.9M
net assets · Ln 32
Cash and savingsLn 1–2$269K
Total assetsLn 16$7.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$641K
Gains on assetsLn 7$327K
Total revenueLn 12$641K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$269K
Cash and savings togetherLn 1–2$269K
InvestmentsLn 11–13$7.7M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$7.9M
LiabilitiesLn 26$0
Net assetsLn 32$7.9M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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
LineStart FY22End FY22
Cash and savingsLn 1–2$290K$269K
InvestmentsLn 11–13$8.1M$7.7M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$8.3M$7.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$8.3M$7.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$210K$210K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$45K$23K$23K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$91K$91K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
All other expensesLn 24e$0
Total functional expensesLn 25$346K$233K$114K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $592K$473K$119K$8.5M 990 PDF
FY2023 $369K$459K−$90K$7.9M 990 PDF
FY2022 Viewing $641K$346K$294K$7.9M 990 PDF
FY2021 $701K$387K$315K$8.3M 990 PDF
FY2020 $123K$378K−$255K$7.2M 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 FY2022 990 (6 parts)
Part I · Summary $640,782 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $701,461$640,782
I-11 Other revenue$0
I-12 Total revenuePrior year $701,461$640,782
I-13 Grants and similar amounts paidPrior year $260,000$210,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $39,944$45,472
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $86,696$90,868
I-18 Total expensesPrior year $386,640$346,340
I-19 Revenue less expensesPrior year $314,821$294,442
Part VI · Governance 1 of 1 board members independent, 4 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members1
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 $640,782 across 7 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeExcluded from tax $313,847$313,847
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $326,935$326,935
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $640,782$640,782
Part IX · Statement of functional expenses $346,340 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $210,000$210,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $22,736 · Management $22,736$45,472
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $90,868$90,868
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $232,736 · Management $113,604 · Fundraising $0$346,340
Part X · Balance sheet $7,926,790 assets, 16 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $290,280$269,087
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $8,054,516$7,657,703
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $8,344,796$7,926,790
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $8,344,796$7,926,790
X-33 Total liabilities and net assetsStart of year $8,344,796$7,926,790
Part XI · Reconciliation of net assets $7,926,790 net assets at year end
XI-1 Total revenue$640,782
XI-2 Total expenses$346,340
XI-3 Revenue less expenses$294,442
XI-4 Net assets at start of year$8,344,796
XI-5 Net unrealized gains (losses) on investments−$551,235
XI-9 Other changes in net assets−$161,213
XI-10 Net assets at end of year$7,926,790

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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