Deepwood Foundation FY2023 filing

Tax-deductible

Mentor, OH501(c)(3)Human ServicesEIN 34-1721177Revenue $389K in FY2023

On file with the IRSdeepwoodfoundation.org8121 Deepwood Blvd, 44060-7703 · Mentor, OHTax-exempt since Jul 1993Publicly supported charity — 170(b)(1)(A)(vi)

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The Deepwood foundation's mission is to empower individuals with developmental disabilities and to enrich the quality of their lives by providing support, advocacy, grants and resources, and to promote community awareness.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$97K 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

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
1 of 5
filings with a surplus
Average deficit $53K a year · 15% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$97K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $27K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$389K
-25% vs prior year
Spent
$550K
To programs
75%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$389K
FY2023▼ -25%
Tap a bar for its year
Revenue by fiscal year
FY2020$173K
FY2021$289K
FY2022$520K
FY2023$389K
FY2024$339K
Expenses
$550K
FY2023▲ +33%
Tap a bar for its year
Expenses by fiscal year
FY2020$212K
FY2021$421K
FY2022$415K
FY2023$550K
FY2024$376K
Net assets
$1.3M
FY2023▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.4M
FY2022$1.4M
FY2023$1.3M
FY2024$1.4M

From the FY2023 Form 990 · 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 Jul 1993.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $411K Management & general 20% · $112K Fundraising 5% · $27K

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

25 people listed on the 990; $97K paid to officers and key staff.

Part VII, Section A · reportable compensation
Dir of Devel
$75,421Pt VII · Sec A
Dir of Opera
$21,732Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Rikke Coach’s $66K as Dir of Devel is at the 57th 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

NameFY2024FY2023FY2022FY2021FY2020
Rikke Coach$66,442$75,421$65,004$65,004$59,587
Tana Habat$30,521$21,732$16,015$24,200$16,155
Gail Rosplock———$3,870—

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.

See Deepwood Foundation 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

Empowering individuals with developmental disabilities through support, advocacy, and resources.

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Provided by the organization

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1 program · in their own filed words · FY2023
01

Deepwood foundation supports several programs including providing camp and after school scholarships; therapeutic and specialized equipment; health and safety items; emergency referral and assistance; advocacy; community education; and other unique support.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 7 funders →
Grants paid · 5 grants · $583K · 2020–2024
Unitemized GrantFY2024$172,894
Unitemized GrantFY2023$135,923
Unitemized GrantFY2022$118,344
Unitemized GrantFY2021$75,310
Unitemized GrantFY2020$80,278

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$389K
Ln 12
Gifts and grantsLn 1h$268K
Other incomeLn 4–11$96K
Investment incomeLn 3$25K
Money outPt IX
$550K
Ln 25
Programscol B$411K
Managementcol C$112K
Fundraisingcol D$27K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$356K
Total assetsLn 16$1.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
25
listed · VII A
PaidVII A2
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$268K
Investment incomeLn 3$25K
Other incomeLn 4–11$96K
Gains on assetsLn 7$3K
Total revenueLn 12$389K
Assets in detailPt X, end of year
CashLn 1$114K
SavingsLn 2$243K
Cash and savings togetherLn 1–2$356K
InvestmentsLn 11–13$947K
Total assetsLn 16$1.3M
LiabilitiesLn 26$0
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 55
VolunteersI 650
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 FY23End FY23
Cash and savingsLn 1–2$459K$356K
InvestmentsLn 11–13$897K$947K
Total assetsLn 16$1.4M$1.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.4M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$136K$136K
Other salaries and wagesLn 7$107K$23K$59K$24K
Other employee benefitsLn 9$7K$2K$4K$1K
Payroll taxesLn 10$9K$2K$5K$2K
Accounting feesLn 11c$11K$11K
Investment management feesLn 11f$11K$11K
Office expensesLn 13$2K$2K
Other expenses (24a–d)Ln 24$263K$248K$15K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$550K$411K$112K$27K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $339K$376K−$37K$1.4M 990 PDF
FY2023 Viewing $389K$550K−$161K$1.3M 990 PDF
FY2022 $520K$415K$105K$1.4M 990 PDF
FY2021 $289K$421K−$131K$1.4M 990 PDF
FY2020 $173K$212K−$39K$1.4M 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 FY2023 990 (6 parts)
Part I · Summary $389,176 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $384,839$268,203
I-9 Program service revenue$0
I-10 Investment incomePrior year $35,704$25,026
I-11 Other revenuePrior year $99,020$95,947
I-12 Total revenuePrior year $519,563$389,176
I-13 Grants and similar amounts paidPrior year $118,344$135,923
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $103,809$122,699
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $192,743$291,641
I-18 Total expensesPrior year $414,896$550,263
I-19 Revenue less expensesPrior year $104,667−$161,087
Part VI · Governance 23 of 23 board members independent, 4 to look at
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
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 $389,176 across 7 lines filed
VIII-1f All other contributions, gifts and grants$268,203
VIII-1h Total contributions, gifts and grants$268,203
VIII-3 Investment incomeRelated to mission $21,720$21,720
VIII-7 Net gain or loss on sales of assetsRelated to mission $3,306$3,306
VIII-8 Net income from fundraising events$89,747
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,200$6,200
VIII-12 Total revenueRelated to mission $31,226$389,176
Part IX · Statement of functional expenses $550,263 across 9 lines filed
IX-2 Grants to domestic individualsPrograms $135,923$135,923
IX-7 Other salaries and wagesPrograms $23,202 · Management $59,097 · Fundraising $24,352$106,651
IX-9 Other employee benefitsPrograms $1,855 · Management $4,452 · Fundraising $1,113$7,420
IX-10 Payroll taxesPrograms $1,870 · Management $4,803 · Fundraising $1,955$8,628
IX-11c Accounting feesManagement $10,600$10,600
IX-11f Investment management feesManagement $11,070$11,070
IX-13 Office expensesManagement $1,825$1,825
IX-24 Other expenses (24a–d)Programs $248,122 · Management $14,621$262,743
IX-24e All other expensesManagement $5,403$5,403
IX-25 Total functional expensesPrograms $410,972 · Management $111,871 · Fundraising $27,420$550,263
Part X · Balance sheet $1,303,083 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $417,903$113,732
X-2 Savings and temporary cash investmentsStart of year $40,706$242,505
X-11 Publicly traded securitiesStart of year $896,889$946,846
X-16 Total assetsStart of year $1,355,498$1,303,083
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $639,120$821,895
X-28 Net assets with donor restrictionsStart of year $716,378$481,188
X-32 Total net assets or fund balancesStart of year $1,355,498$1,303,083
X-33 Total liabilities and net assetsStart of year $1,355,498$1,303,083
Part XI · Reconciliation of net assets $1,303,083 net assets at year end
XI-1 Total revenue$389,176
XI-2 Total expenses$550,263
XI-3 Revenue less expenses−$161,087
XI-4 Net assets at start of year$1,355,498
XI-5 Net unrealized gains (losses) on investments$108,672
XI-10 Net assets at end of year$1,303,083

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

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