Justin Veatch Fund FY2020 filing

Tax-deductible

Yorktown Hts, NY501(c)(3)EducationEIN 35-2347229Revenue $6K in FY2020

On file with the IRS1704 Central St, 10598-4736 · Yorktown Hts, NYTax-exempt since Feb 2009Publicly supported charity — 170(b)(1)(A)(vi)

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To promote young emerging musical artists.

501(c)(3) charity; gifts are tax-deductible.
83¢ 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
1 of 5
filings with a surplus
Average surplus $2K a year · 21% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 15.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $110
Fine: 1 funder names it on their filings; under 3.
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
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6K
Spent
$9K
To programs
83%
Net assets
$15K
By yearFY2020–FY2024
Revenue
$6K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$6K
FY2021$5K
FY2022$28K
FY2023$550
FY2024$600
Expenses
$9K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$9K
FY2021$10K
FY2022$9K
FY2023$2K
FY2024$1K
Net assets
$15K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$15K
FY2021$10K
FY2022$29K
FY2023$27K
FY2024$26K

From the FY2020 Form 990 · see the original

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 Feb 2009.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $7K Management & general 17% · $1K

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

2 people listed on the 990.

Part VII, Section A · reportable compensation
Secretarytreasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Justin Veatch Fund 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

Supports and showcases emerging musical artists.

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Provided by the organization

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1 program · $7K · in their own filed words · FY2020
01

Provides annual scholorships to graduating high school seniors planning further studies in the fields of music and promotes programs to provide oppurtunities to young emerging musical artists.

$7Kprogram 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$110

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$6K
Ln 12
Gifts and grantsLn 1h$5K
Other incomeLn 4–11$127
Money outPt IX
$9K
Ln 25
Programscol B$7K
Managementcol C$1K
Owns and owesPt X
$15K
net assets · Ln 32
Cash and savingsLn 1–2$11K
Total assetsLn 16$15K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Other incomeLn 4–11$127
Total revenueLn 12$6K
Assets in detailPt X, end of year
CashLn 1$11K
Cash and savings togetherLn 1–2$11K
Total assetsLn 16$15K
LiabilitiesLn 26$0
Net assetsLn 32$15K
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 FY20End FY20
Cash and savingsLn 1–2$14K$11K
Total assetsLn 16$18K$15K
LiabilitiesLn 26$0$0
Net assetsLn 32$18K$15K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$500$500
Other fees for servicesLn 11g$590$590
Advertising and promotionLn 12$271$271
Conferences, conventions and meetingsLn 19$119$119
Other expenses (24a–d)Ln 24$7K$7K
Total functional expensesLn 25$9K$7K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $600$1K−$853$26K 990 PDF
FY2023 $550$2K−$1K$27K 990 PDF
FY2022 $28K$9K$19K$29K 990 PDF
FY2021 $5K$10K−$5K$10K 990 PDF
FY2020 Viewing $6K$9K−$3K$15K 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 $5,529 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $13,910$5,402
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $45$127
I-12 Total revenuePrior year $13,955$5,529
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $12,541$8,865
I-18 Total expensesPrior year $12,541$8,865
I-19 Revenue less expensesPrior year $1,414−$3,336
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $5,529 across 3 lines filed
Lines not itemized here account for $127 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$5,402
VIII-1h Total contributions, gifts and grants$5,402
VIII-12 Total revenueRelated to mission $127 · Unrelated business $0 · Excluded from tax $0$5,529
Part IX · Statement of functional expenses $8,865 across 5 lines filed
IX-11c Accounting feesManagement $500$500
IX-11g Other fees for servicesManagement $590$590
IX-12 Advertising and promotionManagement $271$271
IX-19 Conferences, conventions and meetingsManagement $119$119
IX-24 Other expenses (24a–d)Programs $7,385$7,385
IX-25 Total functional expensesPrograms $7,385 · Management $1,480 · Fundraising $0$8,865
Part X · Balance sheet $14,615 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $14,496$11,180
X-8 Inventories for sale or useStart of year $3,455$3,435
X-16 Total assetsStart of year $17,951$14,615
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $17,951$14,615
X-33 Total liabilities and net assetsStart of year $17,951$14,615
Part XI · Reconciliation of net assets $14,615 net assets at year end
XI-1 Total revenue$5,529
XI-2 Total expenses$8,865
XI-3 Revenue less expenses−$3,336
XI-4 Net assets at start of year$17,951
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$14,615

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

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