Highco INC FY2023 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.
81¢ 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
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
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Plus $193K in investments, Pt X · Ln 11–13
Fine: 0.4 months of spending in cash, plus $193K in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$494K
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
-0.7% vs prior year
Spent
$2.0M
To programs
81%
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$1.8M
FY2023▼ -0.7%
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
FY2023▲ +0.7%
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
$1.0M
FY2023▼ -9%
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 FY2023 Form 990 · figures checked against the IRS filing · 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 May 1985.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $1.6M Management & general 19% · $373K Fundraising 0% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Trustee
$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 · $1.6M · in their own filed words · FY2023
01

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

$822Kprogram expense
02

Providing transportation and adult day services for diabled individuals.

$756Kprogram expense
03

Providing programs for disabled individuals.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Fees for servicesLn 2g$1.8M
Other incomeLn 4–11$25K
Investment incomeLn 3$8K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.6M
Managementcol C$373K
Fundraisingcol D$6K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$72K
Total assetsLn 16$1.5M
LiabilitiesLn 26$494K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$8K
Other incomeLn 4–11$25K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$72K
Cash and savings togetherLn 1–2$72K
InvestmentsLn 11–13$193K
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$1.5M
LiabilitiesLn 26$494K
Net assetsLn 32$1.0M
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 FY23End FY23
Cash and savingsLn 1–2$311K$72K
InvestmentsLn 11–13$169K$193K
Land, buildings, equipmentLn 10c$582K$1.1M
Total assetsLn 16$1.3M$1.5M
LiabilitiesLn 26$149K$494K
Net assetsLn 32$1.2M$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.5M$1.3M$189K
Other employee benefitsLn 9$24K$24K
Payroll taxesLn 10$141K$116K$25K
Investment management feesLn 11f$3K$3K
Other fees for servicesLn 11g$26K$199$26K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$6K$6K
Information technologyLn 14$16K$16K
OccupancyLn 16$55K$46K$9K
TravelLn 17$52K$52K
InterestLn 20$12K$10K$2K
Depreciation, depletion and amortizationLn 22$22K$3K$19K
InsuranceLn 23$39K$39K
Other expenses (24a–d)Ln 24$104K$87K$11K$6K
All other expensesLn 24e$9K$8K$1K
Total functional expensesLn 25$2.0M$1.6M$373K$6K

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
FY2023 ViewingFiled 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
FY2020Filed 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 FY2023 990 (6 parts)
Part I · Summary $1,839,296 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $143,201$1,323
I-9 Program service revenuePrior year $1,698,200$1,804,629
I-10 Investment incomePrior year $10$7,925
I-11 Other revenuePrior year $10,154$25,419
I-12 Total revenuePrior year $1,851,565$1,839,296
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,520,946$1,619,418
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $432,111$347,882
I-18 Total expensesPrior year $1,953,057$1,967,300
I-19 Revenue less expensesPrior year −$101,492−$128,004
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $1,839,296 across 7 lines filed
VIII-1f All other contributions, gifts and grants$1,323
VIII-1h Total contributions, gifts and grants$1,323
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,804,629$1,804,629
VIII-3 Investment incomeRelated to mission $7,925$7,925
VIII-8 Net income from fundraising eventsExcluded from tax $6,736$6,736
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $18,683$18,683
VIII-12 Total revenueRelated to mission $1,812,554 · Excluded from tax $25,419$1,839,296
Part IX · Statement of functional expenses $1,967,300 across 15 lines filed
IX-7 Other salaries and wagesPrograms $1,265,647 · Management $188,839$1,454,486
IX-9 Other employee benefitsManagement $24,115$24,115
IX-10 Payroll taxesPrograms $116,074 · Management $24,743$140,817
IX-11f Investment management feesManagement $3,478$3,478
IX-11g Other fees for servicesPrograms $199 · Management $26,096$26,295
IX-12 Advertising and promotionManagement $1,875$1,875
IX-13 Office expensesManagement $5,706$5,706
IX-14 Information technologyManagement $16,012$16,012
IX-16 OccupancyPrograms $45,858 · Management $9,374$55,232
IX-17 TravelPrograms $52,393$52,393
IX-20 InterestPrograms $9,584 · Management $2,396$11,980
IX-22 Depreciation, depletion and amortizationPrograms $3,009 · Management $19,151$22,160
IX-23 InsuranceManagement $39,378$39,378
IX-24 Other expenses (24a–d)Programs $87,219 · Management $11,191 · Fundraising $5,987$104,397
IX-24e All other expensesPrograms $7,844 · Management $1,132$8,976
IX-25 Total functional expensesPrograms $1,587,827 · Management $373,486 · Fundraising $5,987$1,967,300
Part X · Balance sheet $1,539,938 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $310,846$72,115
X-4 Accounts receivableStart of year $177,580$175,282
X-10c Land, buildings and equipment, netStart of year $581,856$1,099,218
X-12 Other securitiesStart of year $169,268$193,323
X-16 Total assetsStart of year $1,304,725$1,539,938
X-17 Accounts payable and accrued expensesStart of year $149,388$102,094
X-24 Unsecured notes and loans payable$392,072
X-26 Total liabilitiesStart of year $149,388$494,166
X-27 Net assets without donor restrictionsStart of year $1,155,337$1,045,772
X-32 Total net assets or fund balancesStart of year $1,155,337$1,045,772
X-33 Total liabilities and net assetsStart of year $1,304,725$1,539,938
Part XI · Reconciliation of net assets $1,045,772 net assets at year end
XI-1 Total revenue$1,839,296
XI-2 Total expenses$1,967,300
XI-3 Revenue less expenses−$128,004
XI-4 Net assets at start of year$1,155,337
XI-9 Other changes in net assets$18,439
XI-10 Net assets at end of year$1,045,772

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

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