25 40 EIN 43-2021875 Form 990 (PDF) Claim this org

25 40 FY2020 filing

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Channeling resources to save Southern African children from poverty and AIDS, fostering purpose, healing, and hope. For fiscal year 2020 it reported $108K in revenue, $109K in expenses, and $176K in net assets.Pt I

Type
Public charity (501(c)(3)) · Diseases & Disorders
Location
Burke, VA
Website
www.2540.org
Filings
6 on file (2020–2020)
Revenue
$108KFY2020
Expenses
$109K
Net assets
$176K
People
6
Filings
6
Updates
0
More identity details & actions ⌄
EIN  43-2021875 Public charity (501(c)(3)) Burke, VA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Channeling resources to save Southern African children from poverty and AIDS, fostering purpose, healing, and hope.
Leadership
Jack Lewis · Chair
Money in and out
$108K revenue, $109K expenses
Bottom line
89% program efficiency
Where the money goes · FY2020
Total revenue
$108K
Pt VIII · Ln 12
Total expenses
$109K
Pt IX · Ln 25
Net assets
$176K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.07 Fundraising $0.04
Program efficiency
89%
of spending reaches programs
Operating runway
19.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-1%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$108K
FY2020
Expenses
$109K
FY2020
Total assets
$176K
FY2020
Total liabilities
$249
FY2020
Total revenue
$108K
Pt VIII · Ln 12
Total expenses
$109K
Pt IX · Ln 25
Net assets
$176K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$1K
Total assetsPt X · Ln 16$176K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item C25 40
EINHdr · item D43-2021875
Principal addressHdr · item CBurke, VA
WebsiteHdr · item Jwww.2540.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFDiseases & Disorders (G81)
Ruling yearIRS BMFNov 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See 25 40 executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $98K of program spending, described in the organization's own filed words · FY2020.
01

25:40 funds and operates the makukhanye and port alfred preschools (60 children) and the 25:40 nomadolo, port alfred, mpimbo and canzibe aftercare programs (136 children) for orphans and vulnerable children in south africa's eastern cape.

$98Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$108K
Investment income$368
Total revenueLn 12$108K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.07 Fundraising $0.04
Program services89%$98K
Management & general7%$8K
Fundraising4%$4K
Total functional expensesLn 25$109K

Balance Sheet

Part X · end of year
CashLn 1$176K
Total assetsLn 16$176K
Total liabilitiesLn 26$249
Total net assetsLn 32$176K
Months of cash on handcomputed19.3

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $176K · Operating expenses/yr $109K
19.3 months
Where the money goes
Program services
Program services $98K · Total expenses $109K
89%
Management & General
Management & general $8K · Total expenses $109K
7%
Fundraising
Fundraising $4K · Total expenses $109K
4%
Cost to raise $1
Fundraising expense $4K · Solicited contributions $108K
$0.04 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $108K · Total revenue $108K
100%
Government reliance
Government grants — · Total revenue $108K
Earned-income share
Program service revenue $0 · Total revenue $108K
0%
Investment reliance
Investment income $368 · Total revenue $108K
+0.3%
Program self-sufficiency
Program service revenue $0 · Total expenses $109K
0%
Growth & trend
Revenue growth (YoY)
This year $108K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $176K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $108K · Expenses $109K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $176K
Net-asset ratio
Net assets $176K · Total assets $176K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $176K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jack Lewis · Reported title CHAIR · Highest reported compensation $0 · Total expenses $109K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $109K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 7%
Fundraising cost ratio 4%
Accounting fee ratio 5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$8K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$134K revenue · ⤓ 990 PDF
FY2024$137K revenue · ⤓ 990 PDF
FY2023$126K revenue · ⤓ 990 PDF
FY2022$123K revenue · ⤓ 990 PDF
FY2021$115K revenue · ⤓ 990 PDF
FY2020$108K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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