Highco INC FY2020 filing

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To provide learning, rehabilitation and self-care skills for hands-on experience for physically handicapped clients in a workshop and test area.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
2 of 5
filings with a surplus
Average surplus $74K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$90K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.5M
Spent
$2.0M
To programs
80%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$2.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.5M
FY2021$2.1M
FY2022$1.9M
FY2023$1.8M
FY2024$2.8M
Expenses
$2.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.0M
FY2021$2.2M
FY2022$2.0M
FY2023$2.0M
FY2024$2.5M
Net assets
$1.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.3M
FY2022$1.2M
FY2023$1.0M
FY2024$1.3M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 May 1985.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $1.6M Management & general 19% · $393K Fundraising 0% · $993

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.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Highco INC executive salaries →

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

Teaches physically handicapped clients hands-on skills for self-care and rehabilitation in a workshop.

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3 programs · $883K · in their own filed words · FY2020
01

Other programs for the disabled adult. These programs include job coaching, job retention, job readiness and other help for disabled adults.

$824Kprogram expense
02

Janitorial and production services provided to the public while creating and managing jobs for disabled individuals.

$37Kprogram expense
03

Providing transportation and adult day services for diabled individuals.

$21Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.5M
Ln 12
Fees for servicesLn 2g$1.8M
Gifts and grantsLn 1h$676K
Other incomeLn 4–11$27K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.6M
Managementcol C$393K
Fundraisingcol D$993
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$698K
Total assetsLn 16$1.5M
LiabilitiesLn 26$90K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$676K
Government grantsLn 1e$675K
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$3K
Other incomeLn 4–11$27K
Gains on assetsLn 7$379
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$494K
SavingsLn 2$204K
Cash and savings togetherLn 1–2$698K
Land, buildings, equipmentLn 10c$612K
Total assetsLn 16$1.5M
LiabilitiesLn 26$90K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 5127
VolunteersI 6150
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 FY20End FY20
Cash and savingsLn 1–2$251K$698K
Land, buildings, equipmentLn 10c$667K$612K
Total assetsLn 16$1.1M$1.5M
LiabilitiesLn 26$176K$90K
Net assetsLn 32$959K$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.5M$1.2M$267K
Other employee benefitsLn 9$18K$16K$2K
Payroll taxesLn 10$174K$143K$32K
Other fees for servicesLn 11g$14K$14K
Advertising and promotionLn 12$597$597
Office expensesLn 13$10K$10K
Information technologyLn 14$32K$32K
OccupancyLn 16$51K$44K$7K
TravelLn 17$59K$59K
InterestLn 20$9K$7K$2K
Depreciation, depletion and amortizationLn 22$43K$26K$18K
InsuranceLn 23$35K$29K$6K
Other expenses (24a–d)Ln 24$83K$80K$1K$993
All other expensesLn 24e$17K$5K$12K
Total functional expensesLn 25$2.0M$1.6M$393K$993

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 12, 2025 $2.8M$2.5M$238K$1.3M 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $1.8M$2.0M−$128K$1.0M 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $1.9M$2.0M−$101K$1.2M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $2.1M$2.2M−$116K$1.3M 990 PDF
FY2020 ViewingFiled with the IRS Nov 3, 2021 $2.5M$2.0M$476K$1.4M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $2,494,563 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,146$675,675
I-9 Program service revenuePrior year $2,025,195$1,788,223
I-10 Investment incomePrior year $5,893$3,202
I-11 Other revenuePrior year $18,788$27,463
I-12 Total revenuePrior year $2,062,022$2,494,563
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,926,900$1,665,787
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $460,717$353,113
I-18 Total expensesPrior year $2,387,617$2,018,900
I-19 Revenue less expensesPrior year −$325,595$475,663
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $2,494,563 across 9 lines filed
VIII-1e Government grants$675,185
VIII-1f All other contributions, gifts and grants$490
VIII-1h Total contributions, gifts and grants$675,675
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,788,223$1,788,223
VIII-3 Investment incomeExcluded from tax $2,823$2,823
VIII-7 Net gain or loss on sales of assetsRelated to mission $379$379
VIII-8 Net income from fundraising eventsExcluded from tax $1,326$1,326
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,050 · Excluded from tax $25,087$26,137
VIII-12 Total revenueRelated to mission $1,789,652 · Excluded from tax $29,236$2,494,563
Part IX · Statement of functional expenses $2,018,900 across 14 lines filed
IX-7 Other salaries and wagesPrograms $1,206,470 · Management $267,131$1,473,601
IX-9 Other employee benefitsPrograms $15,959 · Management $1,992$17,951
IX-10 Payroll taxesPrograms $142,650 · Management $31,585$174,235
IX-11g Other fees for servicesManagement $14,110$14,110
IX-12 Advertising and promotionManagement $597$597
IX-13 Office expensesPrograms $9,677$9,677
IX-14 Information technologyManagement $32,252$32,252
IX-16 OccupancyPrograms $44,460 · Management $6,606$51,066
IX-17 TravelPrograms $58,766$58,766
IX-20 InterestPrograms $6,958 · Management $1,740$8,698
IX-22 Depreciation, depletion and amortizationPrograms $25,550 · Management $17,704$43,254
IX-23 InsurancePrograms $28,730 · Management $6,361$35,091
IX-24 Other expenses (24a–d)Programs $80,273 · Management $1,237 · Fundraising $993$82,503
IX-24e All other expensesPrograms $5,413 · Management $11,686$17,099
IX-25 Total functional expensesPrograms $1,624,906 · Management $393,001 · Fundraising $993$2,018,900
Part X · Balance sheet $1,522,990 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $59,516$493,927
X-2 Savings and temporary cash investmentsStart of year $191,098$203,704
X-4 Accounts receivableStart of year $217,913$213,013
X-10c Land, buildings and equipment, netStart of year $666,736$612,346
X-16 Total assetsStart of year $1,135,263$1,522,990
X-17 Accounts payable and accrued expensesStart of year $175,788$66,561
X-24 Unsecured notes and loans payable$23,304
X-26 Total liabilitiesStart of year $175,788$89,865
X-27 Net assets without donor restrictionsStart of year $959,475$1,433,125
X-32 Total net assets or fund balancesStart of year $959,475$1,433,125
X-33 Total liabilities and net assetsStart of year $1,135,263$1,522,990
Part XI · Reconciliation of net assets $1,433,125 net assets at year end
XI-1 Total revenue$2,494,563
XI-2 Total expenses$2,018,900
XI-3 Revenue less expenses$475,663
XI-4 Net assets at start of year$959,475
XI-8 Prior period adjustments−$2,017
XI-9 Other changes in net assets$4
XI-10 Net assets at end of year$1,433,125

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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