To develop leadership and spirit of service in youth and young adults

501(c)(3) charity; gifts are tax-deductible.
$60K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

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
1 of 3
filings with a surplus
Average deficit $46K a year · 98% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$60K
to officers and key staff · 60% of spending
Concern: pay to officers and key staff is 60% of spending; over 30%.
Pt VII · Sec A
58 mo
of spending, in cash
Looks good: 58.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$30K
-68% vs prior year
Spent
$100K
To programs
0%
Net assets
$490K
By yearFY2021–FY2024
Revenue
$30K
FY2022▼ -68%
Tap a bar for its year
Revenue by fiscal year
FY2021$94K
FY2022$30K
FY2024$17K
Expenses
$100K
FY2022▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2021$77K
FY2022$100K
FY2024$101K
Net assets
$490K
FY2022▼ -35%
Tap a bar for its year
Net assets by fiscal year
FY2021$755K
FY2022$490K
FY2024$453K

From the FY2022 Form 990 · see the original

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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 1998.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $100K

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

1 person listed on the 990; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director
$60,000Pt VII · Sec A

Alex Kim’s $60K as Director is at the 92nd percentile of top reported officer pay among 146 <$100K education 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 · 1 named individual · Part VII

NameFY2024FY2022FY2021
Alex Kim$60,000$60,000$53,333

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops leadership and spirit of service in youth and young adults.

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Provided by the organization

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1 program · in their own filed words · FY2022
01

The organization provided leadership tranining and networking, and scholarships and ministry opportunities.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$30K
Ln 12
Investment incomeLn 3$28K
Gifts and grantsLn 1h$2K
Money outPt IX
$100K
Ln 25
Managementcol C$100K
Owns and owesPt X
$490K
net assets · Ln 32
Cash and savingsLn 1–2$489K
Total assetsLn 16$491K
LiabilitiesLn 26$1K
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Investment incomeLn 3$28K
Gains on assetsLn 7$21K
Total revenueLn 12$30K
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$483K
Cash and savings togetherLn 1–2$489K
Other assetsLn 15$3K
Total assetsLn 16$491K
LiabilitiesLn 26$1K
Net assetsLn 32$490K
OperationsPt I, VI
EmployeesI 51
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$754K$489K
Total assetsLn 16$756K$491K
LiabilitiesLn 26$1K$1K
Net assetsLn 32$755K$490K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$60K$60K
Pension plan contributionsLn 8$1K$1K
Other employee benefitsLn 9$3K$3K
Payroll taxesLn 10$5K$5K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$51$51
Other fees for servicesLn 11g$234$234
Office expensesLn 13$7K$7K
OccupancyLn 16$21K$21K
TravelLn 17$453$453
Total functional expensesLn 25$100K$0$100K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $17K$101K−$85K$453K 990 PDF
FY2023 Not on file
FY2022 Viewing $30K$100K−$70K$490K 990 PDF
FY2021 $94K$77K$17K$755K 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 FY2022 990 (6 parts)
Part I · Summary $29,995 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,536$1,520
I-9 Program service revenue$0
I-10 Investment incomePrior year $66,425$28,475
I-11 Other revenuePrior year $15,000$0
I-12 Total revenuePrior year $93,961$29,995
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $60,253$69,182
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $16,669$31,177
I-18 Total expensesPrior year $76,922$100,359
I-19 Revenue less expensesPrior year $17,039−$70,364
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $29,995 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,520
VIII-1h Total contributions, gifts and grants$1,520
VIII-3 Investment incomeExcluded from tax $7,356$7,356
VIII-7 Net gain or loss on sales of assetsRelated to mission $21,119$21,119
VIII-12 Total revenueRelated to mission $21,119 · Excluded from tax $7,356$29,995
Part IX · Statement of functional expenses $100,359 across 10 lines filed
IX-5 Pay of current officers, directors and key staffManagement $60,000$60,000
IX-8 Pension plan contributionsManagement $1,138$1,138
IX-9 Other employee benefitsManagement $3,020$3,020
IX-10 Payroll taxesManagement $5,024$5,024
IX-11c Accounting feesManagement $2,040$2,040
IX-11f Investment management feesManagement $51$51
IX-11g Other fees for servicesManagement $234$234
IX-13 Office expensesManagement $7,318$7,318
IX-16 OccupancyManagement $21,081$21,081
IX-17 TravelManagement $453$453
IX-25 Total functional expensesPrograms $0 · Management $100,359 · Fundraising $0$100,359
Part X · Balance sheet $491,382 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $73,756$5,079
X-2 Savings and temporary cash investmentsStart of year $679,750$483,443
X-15 Other assetsStart of year $2,860$2,860
X-16 Total assetsStart of year $756,366$491,382
X-17 Accounts payable and accrued expensesStart of year $1,436$1,403
X-26 Total liabilitiesStart of year $1,436$1,403
X-27 Net assets without donor restrictionsStart of year $754,930$489,979
X-32 Total net assets or fund balancesStart of year $754,930$489,979
X-33 Total liabilities and net assetsStart of year $756,366$491,382
Part XI · Reconciliation of net assets $489,979 net assets at year end
XI-1 Total revenue$29,995
XI-2 Total expenses$100,359
XI-3 Revenue less expenses−$70,364
XI-4 Net assets at start of year$754,930
XI-5 Net unrealized gains (losses) on investments−$194,587
XI-10 Net assets at end of year$489,979

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

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