Neo Fund FY2024 filing

Tax-deductible

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

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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.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
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
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$170K
+95% vs prior year
Spent
$184K
To programs
87%
Net assets
$29K
By yearFY2019–FY2025
Revenue
$170K
FY2024▲ +95%
Revenue by fiscal year
FY2019$141K
FY2020$149K
FY2021$148K
FY2022$74K
FY2023$87K
FY2024$170K
FY2025$131K
Expenses
$184K
FY2024▲ +65%
Expenses by fiscal year
FY2019$154K
FY2020$121K
FY2021$132K
FY2022$99K
FY2023$112K
FY2024$184K
FY2025$124K
Net assets
$29K
FY2024▼ -30%
Net assets by fiscal year
FY2019$45K
FY2020$74K
FY2021$90K
FY2022$69K
FY2023$41K
FY2024$29K
FY2025$36K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $160K Management & general 8% · $15K Fundraising 5% · $10K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation
$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
$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

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2 programs · $319K · in their own filed words · FY2024
01

The neo funds mission is to help transform the lives of very low-income women men and their families in nicaragua guatemala and india through micro-lending. Our program provides women 90% and men 10% with the opportunity to pursue entrepreneurial endeavors and generate family income which directly impacts quality of life for their…

$160Kprogram expense
02

The neo funds mission is to help transform the lives of very low-income women men and their families in nicaragua guatemala and india through micro-lending. Our program provides women 90% and men 10% with the opportunity to pursue entrepreneurial endeavors and generate family income which directly impacts quality of life for their…

$160Kprogram expense

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 FY2024 990, line by line.

1The main four
Money inPt VIII
$170K
Ln 12
Gifts and grantsLn 1h$170K
Money outPt IX
$184K
Ln 25
Programscol B$160K
Managementcol C$15K
Fundraisingcol D$10K
Owns and owesPt X
$29K
net assets · Ln 32
Cash and savingsLn 1–2$29K
Total assetsLn 16$29K
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$170K
Total revenueLn 12$170K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$29K
Total assetsLn 16$29K
LiabilitiesLn 26$0
Net assetsLn 32$29K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $131K$124K$7K$36K 990 PDF
FY2024 Viewing $170K$184K−$14K$29K 990 PDF
FY2023 $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

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

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