Threaded Fasteners Charitable Foundation

Tax-deductible

Mobile, AL501(c)(3)Foundations & GrantmakersEIN 45-3115673Revenue $69K in FY2024

On file with the IRS3200 Crichton St, 36607-1411 · Mobile, ALTax-exempt since Oct 2011Publicly supported charity — 170(b)(1)(A)(vi)

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Threaded Fasteners Charitable Foundation is organized exclusively for Charitable and educational purposes by participation in the improvement and betterment of the lives of the people we serve.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · 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
2 of 5
filings with a surplus
Average surplus $5K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$69K
-39% vs prior year
Spent
$77K
To programs
99%
Net assets
$48K
By yearFY2020–FY2024
Revenue
$69K
FY2024▼ -39%
Tap a bar for its year
Revenue by fiscal year
FY2020$56K
FY2021$68K
FY2022$83K
FY2023$114K
FY2024$69K
Expenses
$77K
FY2024▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$51K
FY2021$75K
FY2022$85K
FY2023$76K
FY2024$77K
Net assets
$48K
FY2024▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2020$25K
FY2021$19K
FY2022$16K
FY2023$54K
FY2024$48K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2011.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $76K Management & general 1% · $967

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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Threaded Fasteners Charitable Foundation 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

Improves lives through charitable and educational programs.

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Provided by the organization

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1 program · $76K · in their own filed words · FY2024
01

To receive donations and distribute grants to other non-profit organizations

$76Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2019
Total grants receivedfrom 1 funder$2K
Grants paid · 6 grants · $237K · 2020–2024
Team Focus INCAL · FY2024$48,000
Team Focus INCAL · FY2023$46,500
Team Focus INCAL · FY2022$53,652
Individual RecipientFY2022$10,000
Team Focus INCAL · FY2021$48,926
Team Focus INCAL · FY2020$30,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$69K
Ln 12
Gifts and grantsLn 1h$69K
Investment incomeLn 3$344
Money outPt IX
$77K
Ln 25
Programscol B$76K
Managementcol C$967
Owns and owesPt X
$48K
net assets · Ln 32
Cash and savingsLn 1–2$33K
Total assetsLn 16$48K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$69K
Fundraising eventsLn 1c$47K
Investment incomeLn 3$344
Total revenueLn 12$69K
Assets in detailPt X, end of year
CashLn 1$33K
Cash and savings togetherLn 1–2$33K
InvestmentsLn 11–13$14K
Total assetsLn 16$48K
LiabilitiesLn 26$0
Net assetsLn 32$48K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$43K$33K
InvestmentsLn 11–13$11K$14K
Total assetsLn 16$54K$48K
LiabilitiesLn 26$0$0
Net assetsLn 32$54K$48K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$76K$76K
Other fees for servicesLn 11g$967$967
Total functional expensesLn 25$77K$76K$967$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $69K$77K−$8K$48K 990 PDF
FY2023 $114K$76K$38K$54K 990 PDF
FY2022 $83K$85K−$2K$16K 990 PDF
FY2021 $68K$75K−$7K$19K 990 PDF
FY2020 $56K$51K$6K$25K 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 FY2024 990 (6 parts)
Part I · Summary $68,994 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $66,000$68,650
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $345$344
I-11 Other revenuePrior year $47,409$0
I-12 Total revenuePrior year $113,754$68,994
I-13 Grants and similar amounts paidPrior year $65,850$76,100
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $10,256$967
I-18 Total expensesPrior year $76,106$77,067
I-19 Revenue less expensesPrior year $37,648−$8,073
Part VI · Governance 3 of 3 board members independent, 5 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $68,994 across 7 lines filed
VIII-1c Fundraising events$47,450
VIII-1d Related organizations$20,000
VIII-1f All other contributions, gifts and grants$1,200
VIII-1h Total contributions, gifts and grants$68,650
VIII-3 Investment incomeExcluded from tax $344$344
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $344$68,994
Part IX · Statement of functional expenses $77,067 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $76,100$76,100
IX-11g Other fees for servicesManagement $967$967
IX-25 Total functional expensesPrograms $76,100 · Management $967 · Fundraising $0$77,067
Part X · Balance sheet $47,588 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $43,481$33,234
X-11 Publicly traded securitiesStart of year $10,982$14,354
X-16 Total assetsStart of year $54,463$47,588
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $54,463$47,588
X-33 Total liabilities and net assetsStart of year $54,463$47,588
Part XI · Reconciliation of net assets $47,588 net assets at year end
XI-1 Total revenue$68,994
XI-2 Total expenses$77,067
XI-3 Revenue less expenses−$8,073
XI-4 Net assets at start of year$54,463
XI-5 Net unrealized gains (losses) on investments$1,198
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$47,588

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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