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Beza Fund INC FY2020 filing

Tax-deductible

Virginia Beach, VA501(c)(3)InternationalEIN 33-1211863Revenue $338K in FY2020

On file with the IRS1385 Fordham Drive 150, 23464-5345 · Virginia Beach, VATax-exempt since Oct 2010Publicly supported charity — 170(b)(1)(A)(vi)

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Provide charitable and educational services to citizens of Ethiopia

501(c)(3) charity; gifts are tax-deductible.
97¢ 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
4 of 5
filings with a surplus
Average surplus $20K a year · 5% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$65K
30% of total assets
Looks good: liabilities are 30% 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
$338K
Spent
$281K
To programs
97%
Net assets
$149K
By yearFY2020–FY2024
Revenue
$338K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$338K
FY2021$421K
FY2022$220K
FY2023$232K
FY2024$776K
Expenses
$281K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$281K
FY2021$333K
FY2022$359K
FY2023$231K
FY2024$686K
Net assets
$149K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$149K
FY2021$263K
FY2022$124K
FY2023$125K
FY2024$216K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
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 Oct 2010.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $272K Management & general 3% · $8K

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
$0Pt VII · Sec A
$0Pt VII · Sec A
Mahlet Israel
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Beza Fund INC 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

Offers charitable and educational aid to Ethiopian citizens.

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Provided by the organization

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1 program · $272K · in their own filed words · FY2020
01

Charitable and provide assistance to Ethiopia citizens

$272Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$338K
Ln 12
Gifts and grantsLn 1h$338K
Money outPt IX
$281K
Ln 25
Programscol B$272K
Managementcol C$8K
Owns and owesPt X
$149K
net assets · Ln 32
Cash and savingsLn 1–2$123K
Total assetsLn 16$214K
LiabilitiesLn 26$65K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$338K
Total revenueLn 12$338K
Assets in detailPt X, end of year
CashLn 1$123K
Cash and savings togetherLn 1–2$123K
Land, buildings, equipmentLn 10c$91K
Total assetsLn 16$214K
LiabilitiesLn 26$65K
Net assetsLn 32$149K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$27K$123K
Land, buildings, equipmentLn 10c$91K$91K
Total assetsLn 16$120K$214K
LiabilitiesLn 26$28K$65K
Net assetsLn 32$92K$149K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$175K$175K$0$0
Payroll taxesLn 10$11K$11K$0$0
Accounting feesLn 11c$5K$0$5K$0
Advertising and promotionLn 12$2K$2K$0$0
Office expensesLn 13$977$977$0$0
OccupancyLn 16$236$0$236$0
TravelLn 17$2K$2K$0$0
InsuranceLn 23$143$143$0$0
Other expenses (24a–d)Ln 24$83K$81K$3K$0
Total functional expensesLn 25$281K$272K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $776K$686K$91K$216K 990 PDF
FY2023 $232K$231K$2K$125K 990 PDF
FY2022 $220K$359K−$139K$124K 990 PDF
FY2021 $421K$333K$88K$263K 990 PDF
FY2020 Viewing $338K$281K$57K$149K 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 FY2020 990 (6 parts)
Part I · Summary $337,858 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $223,133$337,858
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $223,133$337,858
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $201,233$186,207
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $51,303$94,572
I-18 Total expensesPrior year $252,536$280,779
I-19 Revenue less expensesPrior year −$29,403$57,079
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $337,858 across 3 lines filed
VIII-1f All other contributions, gifts and grants$337,858
VIII-1h Total contributions, gifts and grants$337,858
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$337,858
Part IX · Statement of functional expenses $280,779 across 9 lines filed
IX-7 Other salaries and wagesPrograms $174,936 · Management $0 · Fundraising $0$174,936
IX-10 Payroll taxesPrograms $11,271 · Management $0 · Fundraising $0$11,271
IX-11c Accounting feesPrograms $0 · Management $5,436 · Fundraising $0$5,436
IX-12 Advertising and promotionPrograms $2,384 · Management $0 · Fundraising $0$2,384
IX-13 Office expensesPrograms $977 · Management $0 · Fundraising $0$977
IX-16 OccupancyPrograms $0 · Management $236 · Fundraising $0$236
IX-17 TravelPrograms $2,071 · Management $0 · Fundraising $0$2,071
IX-23 InsurancePrograms $143 · Management $0 · Fundraising $0$143
IX-24 Other expenses (24a–d)Programs $80,622 · Management $2,703 · Fundraising $0$83,325
IX-25 Total functional expensesPrograms $272,404 · Management $8,375 · Fundraising $0$280,779
Part X · Balance sheet $213,557 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $26,918$122,823
X-10c Land, buildings and equipment, netStart of year $90,605$90,734
X-16 Total assetsStart of year $119,525$213,557
X-17 Accounts payable and accrued expensesStart of year $27,765$26,217
X-24 Unsecured notes and loans payable$38,500
X-26 Total liabilitiesStart of year $27,765$64,717
X-27 Net assets without donor restrictionsStart of year $91,760$148,840
X-32 Total net assets or fund balancesStart of year $91,760$148,840
X-33 Total liabilities and net assetsStart of year $119,525$213,557
Part XI · Reconciliation of net assets $148,840 net assets at year end
XI-1 Total revenue$337,858
XI-2 Total expenses$280,779
XI-3 Revenue less expenses$57,079
XI-4 Net assets at start of year$91,760
XI-10 Net assets at end of year$148,840

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

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