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Teds Foundation INC FY2022 filing

Tax-deductible

N Palm Beach, FL501(c)(3)Youth DevelopmentEIN 35-2433095

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Enhance lives by teaching life skills

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
0 of 5
filings with a surplus
Average deficit $8K a year · 4% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
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
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
$148K
-8% vs prior year
Spent
$154K
To programs
89%
Net assets
$26K
By yearFY2020–FY2024
Revenue
$148K
FY2022▼ -8%
Revenue by fiscal year
FY2020$580K
FY2021$160K
FY2022$148K
FY2023$50K
FY2024$12K
Expenses
$154K
FY2022▼ -8%
Expenses by fiscal year
FY2020$586K
FY2021$167K
FY2022$154K
FY2023$73K
FY2024$12K
Net assets
$26K
FY2022▼ -18%
Net assets by fiscal year
FY2020$39K
FY2021$32K
FY2022$26K
FY2023$3K
FY2024$3K

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. Exemption reinstated (2015-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Dec 2015.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $136K Management & general 10% · $15K Fundraising 1% · $2K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Teds Foundation 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
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Teaches life skills to improve people's lives.

Provided by the organization

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1 program · $136K · in their own filed words · FY2022
01

Provide life skills coaching to individuals and families

$136Kprogram 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 · FY2024
Casey's Clubhouse Foundation INCFY2024$2K
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$148K
Ln 12
Gifts and grantsLn 1h$148K
Money outPt IX
$154K
Ln 25
Programscol B$136K
Managementcol C$15K
Fundraisingcol D$2K
Owns and owesPt X
$26K
net assets · Ln 32
Cash and savingsLn 1–2$178
Total assetsLn 16$26K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$148K
Total revenueLn 12$148K
Assets in detailPt X, end of year
CashLn 1$178
Cash and savings togetherLn 1–2$178
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$26K
LiabilitiesLn 26$0
Net assetsLn 32$26K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$5K$178
Land, buildings, equipmentLn 10c$4K$3K
Total assetsLn 16$32K$26K
LiabilitiesLn 26$0$0
Net assetsLn 32$32K$26K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$1K$918$102
Office expensesLn 13$971$874$97
OccupancyLn 16$7K$7K$748
TravelLn 17$18K$17K$2K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$8K$7K$810
Other expenses (24a–d)Ln 24$116K$102K$12K$2K
All other expensesLn 24e$796$716$80
Total functional expensesLn 25$154K$136K$15K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $12K$12K−$9$3K 990 PDF
FY2023 $50K$73K−$23K$3K 990 PDF
FY2022 Viewing $148K$154K−$6K$26K 990 PDF
FY2021 $160K$167K−$7K$32K 990 PDF
FY2020 $580K$586K−$5K$39K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $147,949 across 3 lines filed
VIII-1f All other contributions, gifts and grants$147,949
VIII-1h Total contributions, gifts and grants$147,949
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$147,949
Part IX · Statement of functional expenses $153,710 across 8 lines filed
IX-12 Advertising and promotionPrograms $918 · Management $102$1,020
IX-13 Office expensesPrograms $874 · Management $97$971
IX-16 OccupancyPrograms $6,728 · Management $748$7,476
IX-17 TravelPrograms $16,587 · Management $1,843$18,430
IX-22 Depreciation, depletion and amortizationPrograms $1,228$1,228
IX-23 InsurancePrograms $7,293 · Management $810$8,103
IX-24 Other expenses (24a–d)Programs $101,954 · Management $11,568 · Fundraising $2,164$115,686
IX-24e All other expensesPrograms $716 · Management $80$796
IX-25 Total functional expensesPrograms $136,298 · Management $15,248 · Fundraising $2,164$153,710
Part X · Balance sheet $26,185 assets, 8 lines filed
Asset lines not itemized here account for $22,938; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $4,711$178
X-10c Land, buildings and equipment, netStart of year $4,297$3,069
X-16 Total assetsStart of year $31,946$26,185
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$22,938
X-28 Net assets with donor restrictionsStart of year $31,946$3,247
X-32 Total net assets or fund balancesStart of year $31,946$26,185
X-33 Total liabilities and net assetsStart of year $31,946$26,185
Part XI · Reconciliation of net assets $26,185 net assets at year end
XI-1 Total revenue$147,949
XI-2 Total expenses$153,710
XI-3 Revenue less expenses−$5,761
XI-4 Net assets at start of year$31,946
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$26,185

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

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