Tower Educational Consulting Group INC

Tax-deductible

Lorain, OH501(c)(3)Human ServicesEIN 31-1452562Revenue $510K in FY2024

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Public charity religious and Educational

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$84K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
1 of 4
filings with a surplus
Average deficit $28K a year · 7% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$84K
to officers and key staff · 15% of spending
Top officer’s pay lower than 76% of similar orgs
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $56K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$269K
244% of total assets
Concern: liabilities are 244% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 6 voting members
Concern: none of 6 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$510K
-12% vs prior year
Spent
$575K
To programs
100%
Net assets
−$159K
By yearFY2021–FY2024
Revenue
$510K
FY2024▼ -12%
Revenue by fiscal year
FY2021$85K
FY2022$364K
FY2023$576K
FY2024$510K
Expenses
$575K
FY2024-0.5%
Expenses by fiscal year
FY2021$169K
FY2022$325K
FY2023$578K
FY2024$575K
Net assets
−$159K
FY2024▼ -68%
Net assets by fiscal year
FY2021−$47K
FY2022−$19K
FY2023−$94K
FY2024−$159K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1996.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $575K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $84K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$36,000Pt VII · Sec A
$28,889Pt VII · Sec A
$19,200Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jessie M Tower’s $36K as Executive Director is at the 24th percentile of top reported officer pay among 2168 $100K–1M human services 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Jessie M Tower$36,000$32,200$11,100$2,750
Rev Marcellus Harris$28,889———
Rev Peter Tower$19,200$18,200$11,100$2,450

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II4 listed

Programs and updates

Provides religious and educational services to the public.

Provided by the organization

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1 program · $564K · in their own filed words · FY2024
01

Public Charity, Religious/Public Worship, Educational. We also provide child care services for children ages 2.5 to 14; and we also provide mentoring, tutoring and afterschool programming for children ages 6 to 18.

$564Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$56K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$510K
Ln 12
Fees for servicesLn 2g$502K
Other incomeLn 4–11$5K
Gifts and grantsLn 1h$3K
Money outPt IX
$575K
Ln 25
Programscol B$575K
Owns and owesPt X
−$159K
net assets · Ln 32
Cash and savingsLn 1–2$69K
Total assetsLn 16$110K
LiabilitiesLn 26$269K
PeoplePt VI, VII
7
listed · VII A
PaidVII A3
Voting boardVI 1a6
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Government grantsLn 1e$175
Noncash giftsLn 1g$838
Fees for servicesLn 2g$502K
Other incomeLn 4–11$5K
Total revenueLn 12$510K
Assets in detailPt X, end of year
CashLn 1$69K
Cash and savings togetherLn 1–2$69K
Land, buildings, equipmentLn 10c$42K
Total assetsLn 16$110K
LiabilitiesLn 26$269K
Net assetsLn 32−$159K
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 FY24End FY24
Cash and savingsLn 1–2$84K$69K
Land, buildings, equipmentLn 10c$52K$42K
Total assetsLn 16$136K$110K
LiabilitiesLn 26$230K$269K
Net assetsLn 32−$94K−$159K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$84K$84K
Other salaries and wagesLn 7$257K$257K
Payroll taxesLn 10$29K$29K
OccupancyLn 16$82K$82K
TravelLn 17$10K$10K
InterestLn 20$9K$9K
Depreciation, depletion and amortizationLn 22$11K$11K
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$81K$81K
Total functional expensesLn 25$575K$575K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $510K$575K−$65K−$159K 990 PDF
FY2023 $576K$578K−$1K−$94K 990 PDF
FY2022 $364K$325K$40K−$19K 990 PDF
FY2021 $85K$169K−$84K−$47K 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 $509,531 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $187,481$2,641
I-9 Program service revenuePrior year $374,755$501,824
I-10 Investment income$0
I-11 Other revenuePrior year $14,252$5,066
I-12 Total revenuePrior year $576,488$509,531
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $360,948$369,801
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $216,683$205,084
I-18 Total expensesPrior year $577,631$574,885
I-19 Revenue less expensesPrior year −$1,143−$65,354
Part VI · Governance 0 of 6 board members independent, 5 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $509,531 across 8 lines filed
VIII-1e Government grants$175
VIII-1f All other contributions, gifts and grants$2,466
VIII-1g Noncash contributions (included above)$838
VIII-1h Total contributions, gifts and grants$2,641
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $501,824$501,824
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,066$5,066
VIII-12 Total revenueRelated to mission $506,890 · Unrelated business $0 · Excluded from tax $0$509,531
Part IX · Statement of functional expenses $574,885 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $84,089$84,089
IX-7 Other salaries and wagesPrograms $257,026$257,026
IX-10 Payroll taxesPrograms $28,686$28,686
IX-16 OccupancyPrograms $81,623$81,623
IX-17 TravelPrograms $9,514$9,514
IX-20 InterestPrograms $8,796$8,796
IX-22 Depreciation, depletion and amortizationPrograms $10,980$10,980
IX-23 InsurancePrograms $12,809$12,809
IX-24 Other expenses (24a–d)Programs $81,362$81,362
IX-25 Total functional expensesPrograms $574,885 · Management $0 · Fundraising $0$574,885
Part X · Balance sheet $110,091 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $83,815$68,551
X-10c Land, buildings and equipment, netStart of year $52,250$41,540
X-16 Total assetsStart of year $136,065$110,091
X-17 Accounts payable and accrued expensesStart of year $190,000$185,373
X-26 Total liabilitiesStart of year $230,497$268,870
X-27 Net assets without donor restrictionsStart of year −$94,432−$158,779
X-32 Total net assets or fund balancesStart of year −$94,432−$158,779
X-33 Total liabilities and net assetsStart of year $136,065$110,091
Part XI · Reconciliation of net assets −$158,779 net assets at year end
XI-1 Total revenue$509,531
XI-2 Total expenses$574,885
XI-3 Revenue less expenses−$65,354
XI-4 Net assets at start of year−$94,432
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$158,779

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

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