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Ahead INC FY2020 filing

Tax-deductible

Ottumwa, IA501(c)(3)HousingEIN 42-1446447

To help first time home buyers through low interest loans. The loans can be up to 10,000, payable over a maximum of 10 years, at a 3% interest rate, with an equal monthly payment amount from the borrower. In addition, from the regional housing trust fund monies received, our mission is to provide housing rehabilitation assistance to qualified homeowners, and to provide tenant rental and utility assistance to qualified individuals. In addition, a revolving loan fund has been established in relation to this program for owner and rental rehabilitation loans.

501(c)(3) charity; gifts are tax-deductible.
42¢ 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $335K a year · 77% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
42%
of spending
Concern: 42% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
55 mo
of spending, in cash
Looks good: 55.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$9K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$269K
Spent
$94K
To programs
42%
Net assets
$2.0M
By yearFY2020–FY2025
Revenue
$269K
FY2020
Revenue by fiscal year
FY2020$269K
FY2021$385K
FY2022$467K
FY2023$526K
FY2024$587K
FY2025$396K
Expenses
$94K
FY2020
Expenses by fiscal year
FY2020$94K
FY2021$71K
FY2022$68K
FY2023$184K
FY2024$107K
FY2025$93K
Net assets
$2.0M
FY2020
Net assets by fiscal year
FY2020$2.0M
FY2021$2.3M
FY2022$2.7M
FY2023$3.0M
FY2024$3.5M
FY2025$3.8M

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1995.

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

Where the money goes

42 cents of each dollar spent went to programs.

Program services 42% · $40K Management & general 58% · $54K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Chris Bowers
Sec/Treasure
$0Pt VII · Sec A
$0Pt VII · Sec A
Dan Stroda
Chairman
$0Pt VII · Sec A
Dan Tometich
Vice-Chairma
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ahead 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

Provides low-interest loans for first-time homebuyers and assistance for home repairs and rent.

Provided by the organization

This section is blank until Ahead INC claims this page.

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1 program service account for $40K of program spending, described in the organization's own filed words · FY2019.
01

Fiscal year 2011 was our first year as part of the regional housing trust fund. In F/Y 2018 we provided tenant rental and homeowner utility assistance to several hundred qualified low income households. Rental and utility assistance funds were funneled through the county general refief directors, who dispersed these funds to recipients.

$40Kprogram expense

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By the numbers

The FY2020 990, line by line.

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from philanthropy.org
1The main four
Money inPt VIII
$269K
Ln 12
Gifts and grantsLn 1h$261K
Fees for servicesLn 2g$8K
Money outPt IX
$94K
Ln 25
Programscol B$40K
Managementcol C$54K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$432K
Total assetsLn 16$2.0M
LiabilitiesLn 26$9K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$261K
Government grantsLn 1e$243K
Fees for servicesLn 2g$8K
Total revenueLn 12$269K
Assets in detailPt X, end of year
CashLn 1$62K
SavingsLn 2$370K
Cash and savings togetherLn 1–2$432K
InvestmentsLn 11–13$1.5M
Total assetsLn 16$2.0M
LiabilitiesLn 26$9K
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$386K$432K
InvestmentsLn 11–13$1.3M$1.5M
Total assetsLn 16$1.8M$2.0M
LiabilitiesLn 26$262$9K
Net assetsLn 32$1.8M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other expenses (24a–d)Ln 24$94K$40K$54K
Total functional expensesLn 25$94K$40K$54K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $396K$93K$303K$3.8M 990 PDF
FY2024 $587K$107K$480K$3.5M 990 PDF
FY2023 $526K$184K$343K$3.0M 990 PDF
FY2022 $467K$68K$399K$2.7M 990 PDF
FY2021 $385K$71K$313K$2.3M 990 PDF
FY2020 Viewing $269K$94K$175K$2.0M 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 (4 parts)
Part VIII · Statement of revenue $268,871 across 5 lines filed
VIII-1e Government grants$243,054
VIII-1f All other contributions, gifts and grants$17,937
VIII-1h Total contributions, gifts and grants$260,991
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,880$7,880
VIII-12 Total revenueRelated to mission $7,880$268,871
Part IX · Statement of functional expenses $94,347 across 1 line filed
IX-24 Other expenses (24a–d)Programs $39,943 · Management $54,404$94,347
IX-25 Total functional expensesPrograms $39,943 · Management $54,404 · Fundraising $0$94,347
Part X · Balance sheet $1,963,443 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $74,302$61,848
X-2 Savings and temporary cash investmentsStart of year $311,865$370,464
X-13 Program-related investmentsStart of year $1,335,408$1,531,131
X-16 Total assetsStart of year $1,780,253$1,963,443
X-17 Accounts payable and accrued expensesStart of year $262$8,928
X-26 Total liabilitiesStart of year $262$8,928
X-27 Net assets without donor restrictionsStart of year $1,676,163$1,873,789
X-28 Net assets with donor restrictionsStart of year $103,828$80,726
X-32 Total net assets or fund balancesStart of year $1,779,991$1,954,515
X-33 Total liabilities and net assetsStart of year $1,780,253$1,963,443
Part XI · Reconciliation of net assets $1,954,515 net assets at year end
XI-1 Total revenue$268,871
XI-2 Total expenses$94,347
XI-3 Revenue less expenses$174,524
XI-4 Net assets at start of year$1,779,991
XI-10 Net assets at end of year$1,954,515

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

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