Apron INC EIN 45-3445756

Apron INC

EIN  45-3445756 Public charity (501(c)(3)) Louisville, KY
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Offers temporary financial aid to local food and beverage workers facing hardship.
Leadership
Gary Fox · President · $26K
Money in and out
$408K revenue, $241K expenses
Bottom line
52% program efficiency

Offers temporary financial aid to local food and beverage workers facing hardship. For fiscal year 2024 it reported $408K in revenue, $241K in expenses, and $562K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$408K
Pt VIII · Ln 12
Total expenses
$241K
Pt IX · Ln 25
Net assets
$562K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $167K
Where spending went · Part IX cols B–D
Program services $0.52 Management & general $0.23 Fundraising $0.25
Program efficiency
52%
of spending reaches programs▼ -17% vs prior filing year
Operating runway
28.0mo
months of highly liquid reserves at operating expense rate▲ +27% vs prior filing year
Surplus margin
+41%
revenue over expenses, this year▲ +72% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$408K
FY2024▲ +45%
Expenses
$241K
FY2024▲ +12%
Total assets
$562K
FY2024▲ +42%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$408K
Pt VIII · Ln 12
Total expenses
$241K
Pt IX · Ln 25
Net assets
$562K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$167K
Total assetsPt X · Ln 16$562K
Program-expense ratioPt IX · col B52%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 415
Mission & Programs · Part III

Where the work happens

1 program service account for $125K of program spending, described in the organization's own filed words · FY2024.
01

To provide temporary, limited financial relief to professional food and beverage workers in the louisville, ky metro area who work at locally owned establishments and who are experiencing financial distress due to illness, accident, emergency, or catastrophic event through no fault of their own.

$125Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CApron INC
EINHdr · item D45-3445756
Principal addressHdr · item CLouisville, KY
WebsiteHdr · item Jwww.aproninc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MKY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P60)
Ruling yearIRS BMFFeb 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b15
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
President
$26,000Pt VII · Sec A
VP - Outreac
$0Pt VII · Sec A
VP - Operati
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Gary Fox’s $26K as President is at the 14th 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

NameFY2024FY2023FY2021FY2020
Gary Fox$26,000$21,000$18,000$14,100

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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Statement of Revenue

Part VIII
Contributions & grants$325K · 80%
Other revenue$83K · 20%
Contributions & grants80%$325K
Other revenue20%$83K
Total revenueLn 12$408K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.52 Management & general $0.23 Fundraising $0.25
Program services52%$125K
Management & general23%$56K
Fundraising25%$60K
Total functional expensesLn 25$241K

Balance Sheet

Part X · end of year
CashLn 1$562K
Total assetsLn 16$562K
Total liabilitiesLn 26$0
Total net assetsLn 32$562K
Months of cash on handcomputed28.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $562K · Operating expenses/yr $241K
28.0 months
Where the money goes
Program services
Program services $125K · Total expenses $241K
52%
Management & General
Management & general $56K · Total expenses $241K
23%
Fundraising
Fundraising $60K · Total expenses $241K
25%
Cost to raise $1
Fundraising expense (3-yr avg) $42K · Solicited contributions (3-yr avg) $239K
$0.18 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $325K · Total revenue $408K
80%
Government reliance
Government grants — · Total revenue $408K
Earned-income share
Program service revenue $0 · Total revenue $408K
0%
Investment reliance
Investment income $0 · Total revenue $408K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $241K
0%
Growth & trend
Revenue growth (YoY)
This year $408K · Prior year $282K
+45%
Revenue CAGR
FY2020 $541K · FY2024 $408K
-7%
Net-asset trend (YoY)
End of year $562K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $408K · Expenses $241K
+41%
Liabilities-to-Assets
Total liabilities — · Total assets $562K
Net-asset ratio
Net assets $562K · Total assets $562K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $562K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Gary Fox · Reported title PRESIDENT · Highest reported compensation $26K · Total expenses $241K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $28K · Total expenses $241K
12%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 52%
Overhead ratio 23%
Fundraising cost ratio 18%
Revenue growth 45%

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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 14 grants · $749K · 2020–2024
Unitemized GrantFY2024$116,080
Unitemized GrantFY2023$116,220
Unitemized GrantFY2022$87,766
Unitemized GrantFY2022$14,550
Unitemized GrantFY2022$7,500
Unitemized GrantFY2022$915
Unitemized GrantFY2021$61,941
Unitemized GrantFY2021$50,087
Unitemized GrantFY2021$24,100
Unitemized GrantFY2020$216,731
Unitemized GrantFY2020$24,000
Unitemized GrantFY2020$22,381
Unitemized GrantFY2020$5,944
Unitemized GrantFY2020$600

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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)$408K revenue · viewing · ⤓ 990 PDF
FY2023$282K revenue · ⤓ 990 PDF
FY2022$237K revenue · ⤓ 990 PDF
FY2021$225K revenue · ⤓ 990 PDF
FY2020$541K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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