The Eugene V Debs Foundation INC: FY2023 Nonprofit Profile & Form 990 (EIN 35-6041305)

Revenue by fiscal year
FY2020	$69K
FY2021	$82K
FY2022	$48K
FY2023	$75K
FY2024	$92K
FY2025	$113K

Expenses by fiscal year
FY2020	$85K
FY2021	$76K
FY2022	$74K
FY2023	$79K
FY2024	$236K
FY2025	$84K

Net assets by fiscal year
FY2020	$1.1M
FY2021	$1.1M
FY2022	$919K
FY2023	$998K
FY2024	$871K
FY2025	$894K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1964.

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

Where the money goes

93 cents of each dollar spent went to programs.

93%

Program services 93% · $73K Management & general 6% · $5K Fundraising 1% · $910

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

Benjamin C Kite

Treasurer

$0Pt VII · Sec A

Dave Rathke

Exec Vicepresident

$0Pt VII · Sec A

Lisa Phillips

Secretary

$0Pt VII · Sec A

See The Eugene V Debs 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

Programs and updates

Preserves and operates the Eugene V. Debs Historic Home as a memorial.

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Provided by the organization

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1 program · $73K · in their own filed words · FY2023

01

Own maintain and operate the Eugene V. Debs Home and Historic Museum

$73Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$75K

Ln 12

Investment incomeLn 3$49K

Gifts and grantsLn 1h$18K

Other incomeLn 4–11$7K

Money outPt IX

$79K

Ln 25

Programscol B$73K

Managementcol C$5K

Fundraisingcol D$910

Owns and owesPt X

$998K

net assets · Ln 32

Cash and savingsLn 1–2$23K

Total assetsLn 16$998K

LiabilitiesLn 26$0

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a32

IndependentVI 1b32

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$18K

Investment incomeLn 3$49K

Other incomeLn 4–11$7K

Gains on assetsLn 7$32K

Total revenueLn 12$75K

Assets in detailPt X, end of year

CashLn 1$23K

Cash and savings togetherLn 1–2$23K

InvestmentsLn 11–13$867K

Land, buildings, equipmentLn 10c$102K

Total assetsLn 16$998K

LiabilitiesLn 26$0

Net assetsLn 32$998K

OperationsPt I, VI

EmployeesI 50

VolunteersI 62

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$21K	$23K
InvestmentsLn 11–13	$788K	$867K
Land, buildings, equipmentLn 10c	$102K	$102K
Total assetsLn 16	$919K	$998K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$919K	$998K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$640	$640
Other salaries and wagesLn 7	$22K	$22K
Other employee benefitsLn 9	$677	$677
Payroll taxesLn 10	$10K	$10K
Investment management feesLn 11f	$8K	$8K
Other fees for servicesLn 11g	$606	$606
Office expensesLn 13	$4K	$4K
Information technologyLn 14	$689	$689
OccupancyLn 16	$15K	$15K
Conferences, conventions and meetingsLn 19	$3K		$3K
InsuranceLn 23	$11K	$9K	$2K
Other expenses (24a–d)Ln 24	$3K	$2K		$910
All other expensesLn 24e	$156		$156
Total functional expensesLn 25	$79K	$73K	$5K	$910

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$113K	$84K	$29K	$894K	990 PDF
FY2024	$92K	$236K	−$144K	$871K	990 PDF
FY2023 Viewing	$75K	$79K	−$4K	$998K	990 PDF
FY2022	$48K	$74K	−$26K	$919K	990 PDF
FY2021	$82K	$76K	$6K	$1.1M	990 PDF
FY2020	$69K	$85K	−$16K	$1.1M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $74,536 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $21,022$18,133

I-9 Program service revenue$0

I-10 Investment incomePrior year $22,838$49,219

I-11 Other revenuePrior year $4,578$7,184

I-12 Total revenuePrior year $48,438$74,536

I-13 Grants and similar amounts paidPrior year $1,000$640

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $28,131$32,922

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $45,288$45,141

I-18 Total expensesPrior year $74,419$78,703

I-19 Revenue less expensesPrior year −$25,981−$4,167

Part VI · Governance 32 of 32 board members independent, 1 to look at

VI-1a Voting members of the governing body32

VI-1b Independent voting members32

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $74,536 across 7 lines filed

Lines not itemized here account for $6,133 of total revenue; see the IRS return.

VIII-1f All other contributions, gifts and grants$18,133

VIII-1h Total contributions, gifts and grants$18,133

VIII-3 Investment incomeRelated to mission $17,626$17,626

VIII-7 Net gain or loss on sales of assets$31,593

VIII-8 Net income from fundraising events$1,044

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7$7

VIII-12 Total revenueRelated to mission $17,633$74,536

Part IX · Statement of functional expenses $78,703 across 13 lines filed

IX-1 Grants to domestic organizationsPrograms $640$640

IX-7 Other salaries and wagesPrograms $21,763$21,763

IX-9 Other employee benefitsPrograms $677$677

IX-10 Payroll taxesPrograms $10,482$10,482

IX-11f Investment management feesPrograms $8,397$8,397

IX-11g Other fees for servicesPrograms $606$606

IX-13 Office expensesPrograms $3,581$3,581

IX-14 Information technologyPrograms $689$689

IX-16 OccupancyPrograms $14,934$14,934

IX-19 Conferences, conventions and meetingsManagement $2,818$2,818

IX-23 InsurancePrograms $9,049 · Management $1,533$10,582

IX-24 Other expenses (24a–d)Programs $2,468 · Fundraising $910$3,378

IX-24e All other expensesManagement $156$156

IX-25 Total functional expensesPrograms $73,286 · Management $4,507 · Fundraising $910$78,703

Part X · Balance sheet $998,033 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $21,488$23,194

X-8 Inventories for sale or useStart of year $7,298$5,730

X-10c Land, buildings and equipment, netStart of year $102,100$102,100

X-11 Publicly traded securitiesStart of year $787,803$867,009

X-16 Total assetsStart of year $918,689$998,033

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $365,039$384,982

X-28 Net assets with donor restrictionsStart of year $553,650$613,051

X-32 Total net assets or fund balancesStart of year $918,689$998,033

X-33 Total liabilities and net assetsStart of year $918,689$998,033

Part XI · Reconciliation of net assets $998,033 net assets at year end

XI-1 Total revenue$74,536

XI-2 Total expenses$78,703

XI-3 Revenue less expenses−$4,167

XI-4 Net assets at start of year$918,689

XI-10 Net assets at end of year$998,033

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

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The Eugene V Debs Foundation INC FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for The Eugene V Debs Foundation INC

By the numbers

Filing history

Schedules filed Part IV