Target Evolution Incorporated EIN 45-1555898 Form 990 (PDF) Claim this org

Target Evolution Incorporated FY2021 filing

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Empowers teens to earn college money through entrepreneurship programs and stores. For fiscal year 2021 it reported $365K in revenue, $350K in expenses, and $217K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Houston, TX
Website
www.targetevolution.org
Filings
5 on file (2020–2021)
Revenue
$365KFY2021
Expenses
$350K
Net assets
$217K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-1555898 Public charity (501(c)(3)) Houston, TX
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Empowers teens to earn college money through entrepreneurship programs and stores.
Leadership
Crystal Victoria Lott · Executive Director · $39K
Money in and out
$365K revenue, $350K expenses
Bottom line
71% program efficiency
Where the money goes · FY2021
Total revenue
$365K
Pt VIII · Ln 12
Total expenses
$350K
Pt IX · Ln 25
Net assets
$217K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $16K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.28 Fundraising $0.00
Program efficiency
71%
of spending reaches programs
Operating runway
0.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$365K
FY2021▲ +36%
Expenses
$350K
FY2021▲ +32%
Total assets
$326K
FY2021▲ +22%
Total liabilities
$109K
FY2021
Total revenue
$365K
Pt VIII · Ln 12
Total expenses
$350K
Pt IX · Ln 25
Net assets
$217K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$16K
Total assetsPt X · Ln 16$326K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTarget Evolution Incorporated
EINHdr · item D45-1555898
Principal addressHdr · item CHouston, TX
WebsiteHdr · item Jwww.targetevolution.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P80)
Ruling yearIRS BMFJun 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$39,467Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
Advisory Board
$0Pt VII · Sec A
Advisory Board
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
Advisory Board
$0Pt VII · Sec A
Advisory Board
$0Pt VII · Sec A

Crystal Victoria Lott’s $72K as Executive Director is at the 63rd percentile of top reported officer pay among 2165 $100K–1M human services 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.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Crystal Victoria Lott$72,420$107,455$62,541$39,467$31,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $110K of program spending, described in the organization's own filed words · FY2021.
01

Alumni Program. Our Alumni Program provides follow up services to measure outcomes and impact of our program in the community, as well as, the success of our teen participants.

$79Kprogram expense
02

BizWorks-Workforce Program Ages 18-24

$20Kprogram expense
03

The Teen Biz Camp is an 8 week program providing teens with entrepreneurship education and resources.

$11Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$233K · 64%
Contributions & grants$79K · 22%
Other revenue$53K · 15%
Program service revenue64%$233K
Contributions & grants22%$79K
Other revenue15%$53K
Total revenueLn 12$365K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.28 Fundraising $0.00
Program services71%$249K
Management & general28%$99K
Fundraising$1K
Total functional expensesLn 25$350K

Balance Sheet

Part X · end of year
CashLn 1$7K
Total assetsLn 16$326K
Total liabilitiesLn 26$109K
Total net assetsLn 32$217K
Months of cash on handcomputed0.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $7K · Operating expenses (Pt IX) $350K · Less non-cash grants $40K · Cash operating expenses/yr $310K
0.3 months
Where the money goes
Program services
Program services $249K · Total expenses $350K
71%
Management & General
Management & general $99K · Total expenses $350K
28%
Fundraising
Fundraising $1K · Total expenses $350K
0.3%
Cost to raise $1
Fundraising expense (2-yr avg) $1K · Solicited contributions (2-yr avg) $77K
$0.02 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $79K · Total revenue $365K
22%
Government reliance
Government grants $0 · Total revenue $365K
0%
Earned-income share
Program service revenue $233K · Total revenue $365K
64%
Investment reliance
Investment income $0 · Total revenue $365K
0%
Program self-sufficiency
Program service revenue $233K · Total expenses $350K
67%
Growth & trend
Revenue growth (YoY)
This year $365K · Prior year $269K
+36%
Net-asset trend (YoY)
End of year $217K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $365K · Expenses $350K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $326K
Net-asset ratio
Net assets $217K · Total assets $326K
67%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $326K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Crystal Victoria Lott · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $39K · Total expenses $350K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $82K · Total expenses $350K
23%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 28%
Fundraising cost ratio 2%
Revenue growth 36%
Legal fee ratio 1%
Accounting fee ratio 1%

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 · FY2022
Total grants receivedfrom 2 funders$25K

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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
FY2024 (Latest)$358K revenue · ⤓ 990 PDF
FY2023$313K revenue · ⤓ 990 PDF
FY2022$318K revenue · ⤓ 990 PDF
FY2021$365K revenue · viewing · ⤓ 990 PDF
FY2020$269K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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