Neo Fund FY2023 filing

Tax-deductible

Gresham, OR501(c)(3)Since 2010Human ServicesEIN 45-3581689

Our mission is to serve the poor through sustainable community development via micro-lending and child-aid programs by working through established local organizations in some of the most impoverished communities of the developing world.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2023 · 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
3 of 7
filings with a surplus
Average deficit $4K a year · 3% of revenue · last 7 filings
Concern: a surplus in 3 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $337K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 8 voting members
Concern: none of 8 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$87K
+18% vs prior year
Spent
$112K
To programs
0%
Net assets
$41K
By yearFY2019–FY2025
Revenue
$87K
FY2023▲ +18%
Revenue by fiscal year
FY2019$141K
FY2020$149K
FY2021$148K
FY2022$74K
FY2023$87K
FY2024$170K
FY2025$131K
Expenses
$112K
FY2023▲ +13%
Expenses by fiscal year
FY2019$154K
FY2020$121K
FY2021$132K
FY2022$99K
FY2023$112K
FY2024$184K
FY2025$124K
Net assets
$41K
FY2023▼ -41%
Net assets by fiscal year
FY2019$45K
FY2020$74K
FY2021$90K
FY2022$69K
FY2023$41K
FY2024$29K
FY2025$36K

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 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 Oct 2013.

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

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Board President and Acting Secretar
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Ronald Hockley’s $11K as Executive Director is at the 5th percentile of top reported officer pay among 2168 $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 · 4 named individuals · Part VII

NameFY2025FY2022FY2021FY2019
Ronald Hockley$10,980———
Cheryl Nemazie———$7,200
Stacey Becker——$6,772$6,368
Amanda Matlin—$2,453——

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.

See Neo Fund 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

Empowers impoverished communities globally through micro-loans and child aid.

Provided by the organization

This section is blank until Neo Fund claims this page.

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1 program service account for $116K of program spending, described in the organization's own filed words · FY2023.
01

Other program services

$116Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$337K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$87K
Ln 12
Gifts and grantsLn 1h$87K
Money outPt IX
$112K
Ln 25
Owns and owesPt X
$41K
net assets · Ln 32
Cash and savingsLn 1–2$44K
Total assetsLn 16$45K
LiabilitiesLn 26$4K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$87K
Total revenueLn 12$87K
Assets in detailPt X, end of year
CashLn 1$44K
Cash and savings togetherLn 1–2$44K
Total assetsLn 16$45K
LiabilitiesLn 26$4K
Net assetsLn 32$41K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$69K$44K
Total assetsLn 16$69K$45K
LiabilitiesLn 26$235$4K
Net assetsLn 32$69K$41K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$29K
Legal feesLn 11b$3K
Accounting feesLn 11c$6K
Professional fundraising feesLn 11e$3K
Advertising and promotionLn 12$4K
Office expensesLn 13$171
TravelLn 17$1K
Conferences, conventions and meetingsLn 19$127
Other expenses (24a–d)Ln 24$3K
All other expensesLn 24e$63K
Total functional expensesLn 25$112K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $131K$124K$7K$36K 990 PDF
FY2024 $170K$184K−$14K$29K 990 PDF
FY2023 Viewing $87K$112K−$25K$41K 990 PDF
FY2022 $74K$99K−$25K$69K 990 PDF
FY2021 $148K$132K$16K$90K 990 PDF
FY2020 $149K$121K$29K$74K 990 PDF
FY2019 $141K$154K−$13K$45K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $87,182 across 3 lines filed
VIII-1f All other contributions, gifts and grants$87,182
VIII-1h Total contributions, gifts and grants$87,182
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$87,182
Part IX · Statement of functional expenses $112,065 across 10 lines filed
IX-11a Management fees$28,920
IX-11b Legal fees$3,239
IX-11c Accounting fees$5,904
IX-11e Professional fundraising fees$2,759
IX-12 Advertising and promotion$3,567
IX-13 Office expenses$171
IX-17 Travel$1,208
IX-19 Conferences, conventions and meetings$127
IX-24 Other expenses (24a–d)$3,096
IX-24e All other expenses$63,074
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$112,065
Part X · Balance sheet $45,027 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $69,327$44,227
X-4 Accounts receivable$800
X-16 Total assetsStart of year $69,327$45,027
X-17 Accounts payable and accrued expensesStart of year $235$4,111
X-26 Total liabilitiesStart of year $235$4,111
X-27 Net assets without donor restrictionsStart of year $9,167$9,050
X-28 Net assets with donor restrictionsStart of year $59,925$31,866
X-32 Total net assets or fund balancesStart of year $69,092$40,916
X-33 Total liabilities and net assetsStart of year $69,327$45,027
Part XI · Reconciliation of net assets $40,916 net assets at year end
XI-1 Total revenue$87,182
XI-2 Total expenses$112,065
XI-3 Revenue less expenses−$24,883
XI-4 Net assets at start of year$69,092
XI-10 Net assets at end of year$40,916

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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