Avow INC FY2023 filing

Tax-deductible

Naples, FL501(c)(3)Health CareEIN 35-2508744

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Avow, INC. Supports the activities of its tax-exempt subsidiaries by working to improve and enhance the health and welfare of the community through compassionate care for those who are seriously ill and those who grieve.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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 surplus $916 a year · under 1% 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
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
95 mo
of spending, in cash
Looks good: 94.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $54K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3K
<0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
Spent
$5K
To programs
0%
Net assets
$69.5M
By yearFY2020–FY2024
Revenue
$0
FY2023
Revenue by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$4.8M
Expenses
$5K
FY2023▲ +64%
Expenses by fiscal year
FY2020$2K
FY2021$13K
FY2022$3K
FY2023$5K
FY2024$4.8M
Net assets
$69.5M
FY2023▲ +18%
Net assets by fiscal year
FY2020$54.6M
FY2021$61.4M
FY2022$58.8M
FY2023$69.5M
FY2024$83.5M

From the FY2023 Form 990 · figures checked against the IRS filing · 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 Feb 2015.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $5K

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

17 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President and CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director (ending April 2023)
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (beginning July 2023)
$0Pt VII · Sec A

Jaysen Roa’s $423K as President and CEO is at the 95th percentile of top reported officer pay among 3128 $1–10M health care 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.

See Avow 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides compassionate care for the seriously ill and grieving, enhancing community health and welfare.

Provided by the organization

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1 program service, described in the organization's own filed words · FY2023.
01

Avow inc. Is the parent company to the avow group of affiliates in which avow inc. Supports avow hospice, inc., avow foundation and avow care services inc., as they carry out their mission by providing palliative and supportive care services. Avow creates peace of mind by providing compassionate care and support to those who need us.

Pt IX · col B

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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
See all 3 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$5K
Ln 25
Managementcol C$5K
Owns and owesPt X
$69.5M
net assets · Ln 32
Cash and savingsLn 1–2$36K
Total assetsLn 16$69.5M
LiabilitiesLn 26$3K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
CashLn 1$36K
Cash and savings togetherLn 1–2$36K
InvestmentsLn 11–13$69.5M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$69.5M
LiabilitiesLn 26$3K
Net assetsLn 32$69.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$41K$36K
InvestmentsLn 11–13$58.7M$69.5M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$58.8M$69.5M
LiabilitiesLn 26$2K$3K
Net assetsLn 32$58.8M$69.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$1K$0$1K$0
Office expensesLn 13$206$206
Other expenses (24a–d)Ln 24$306$306
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$5K$0$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.8M$4.8M$27K$83.5M 990 PDF
FY2023 Viewing $0$5K−$5K$69.5M 990 PDF
FY2022 $0$3K−$3K$58.8M 990 PDF
FY2021 $0$13K−$13K$61.4M 990 PDF
FY2020 $0$2K−$2K$54.6M 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 (4 parts)
Part VIII · Statement of revenue $0 across 4 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $0$0
VIII-6 Net rental income or lossRelated to mission $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
Part IX · Statement of functional expenses $4,616 across 5 lines filed
IX-11c Accounting feesManagement $2,642$2,642
IX-11g Other fees for servicesPrograms $0 · Management $1,462 · Fundraising $0$1,462
IX-13 Office expensesManagement $206$206
IX-24 Other expenses (24a–d)Management $306$306
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $0 · Management $4,616 · Fundraising $0$4,616
Part X · Balance sheet $69,507,018 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $40,680$36,401
X-10c Land, buildings and equipment, netStart of year $0$0
X-13 Program-related investmentsStart of year $58,738,124$69,470,617
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $58,778,804$69,507,018
X-17 Accounts payable and accrued expensesStart of year $2,446$2,784
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $2,446$2,784
X-27 Net assets without donor restrictionsStart of year $33,701,741$36,446,954
X-28 Net assets with donor restrictionsStart of year $25,074,617$33,057,280
X-32 Total net assets or fund balancesStart of year $58,776,358$69,504,234
X-33 Total liabilities and net assetsStart of year $58,778,804$69,507,018
Part XI · Reconciliation of net assets $69,504,234 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$4,616
XI-3 Revenue less expenses−$4,616
XI-4 Net assets at start of year$58,776,358
XI-9 Other changes in net assets$10,732,492
XI-10 Net assets at end of year$69,504,234

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

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