Fairy Godmother Project EIN 45-4299835

Fairy Godmother Project

EIN  45-4299835 Public charity (501(c)(3)) Fredericksbrg, VA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Helps families with children battling cancer manage daily life challenges.
Leadership
Cathleen Passolano · Executive Director · $80K
Money in and out
$462K revenue, $505K expenses
Bottom line
72% program efficiency

Helps families with children battling cancer manage daily life challenges. For fiscal year 2024 it reported $462K in revenue, $505K in expenses, and $668K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$462K
Pt VIII · Ln 12
Total expenses
$505K
Pt IX · Ln 25
Net assets
$668K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$43K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.14 Fundraising $0.14
Program efficiency
72%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
18.5mo
months of highly liquid reserves at operating expense rate▼ -10% vs prior filing year
Surplus margin
-9%
revenue over expenses, this year▲ +37% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$462K
FY2024▲ +17%
Expenses
$505K
FY2024▲ +11%
Total assets
$677K
FY2024▼ -6%
Total liabilities
$9K
FY2024▼ -1%
Total revenue
$462K
Pt VIII · Ln 12
Total expenses
$505K
Pt IX · Ln 25
Net assets
$668K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$43K
Total assetsPt X · Ln 16$677K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services account for $225K of program spending, described in the organization's own filed words · FY2024.
01

Family services and financial relief program- this comprehensive program provides both emotional and practical support to families facing pediatric cancer. Financial relief includes bill payment assistance offered twice per year, with a maximum amount of $1,000 per family.

$212Kprogram expense
02

Stargazer program- the stargazer program provides compassionate emotional and financial support to families during the end-of-life state and in the months and years that follow. Through this program, fairy godmother project offers hospice support, assistance with funeral planning, annual bereavement retreats, and memorial events that…

$13Kprogram expense
03

Hope Link Program

The hope link program offers monthly psycho-social support groups for families navigating pediatric cancer. These sessions are facilitated by a certified dougy center model professional and are designed to provide a safe, compassionate space for families to express their thoughts, process emotions, and receive grief support.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFairy Godmother Project
EINHdr · item D45-4299835
Principal addressHdr · item CFredericksbrg, VA
WebsiteHdr · item Jwww.fairygodmotherproject.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P58)
Ruling yearIRS BMFMay 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
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
$80,066Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Cathleen Passolano’s $80K as Executive Director is at the 72nd 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Cathleen Passolano$80,066$42,171
Andrea McConnell$74,280$75,780$73,675
Karen Webb$12,500

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$449K · 97%
Investment income$16K · 3%
Contributions & grants97%$449K
Investment income3%$16K
Total revenueLn 12$462K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.14 Fundraising $0.14
Program services72%$362K
Management & general14%$71K
Fundraising14%$72K
Total functional expensesLn 25$505K

Balance Sheet

Part X · end of year
CashLn 1$677K
Total assetsLn 16$677K
Total liabilitiesLn 26$9K
Total net assetsLn 32$668K
Months of cash on handcomputed16.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $677K · Operating expenses (Pt IX) $505K · Less non-cash grants $65K · Cash operating expenses/yr $440K
18.5 months
Where the money goes
Program services
Program services $362K · Total expenses $505K
72%
Management & General
Management & general $71K · Total expenses $505K
14%
Fundraising
Fundraising $72K · Total expenses $505K
14%
Cost to raise $1
Fundraising expense (3-yr avg) $53K · Solicited contributions (3-yr avg) $428K
$0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $449K · Total revenue $462K
97%
Government reliance
Government grants — · Total revenue $462K
Earned-income share
Program service revenue $0 · Total revenue $462K
0%
Investment reliance
Investment income $16K · Total revenue $462K
+3%
Program self-sufficiency
Program service revenue $0 · Total expenses $505K
0%
Growth & trend
Revenue growth (YoY)
This year $462K · Prior year $396K
+17%
Revenue CAGR
FY2020 $317K · FY2024 $462K
+10%
Net-asset trend (YoY)
End of year $668K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $462K · Expenses $505K
-9%
Liabilities-to-Assets
Total liabilities — · Total assets $677K
Net-asset ratio
Net assets $668K · Total assets $677K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $677K
0%
People & payroll
Highest Reported Total Compensation
Individual Cathleen Passolano · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $80K · Total expenses $505K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $200K · Total expenses $505K
40%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 14%
Fundraising cost ratio 16%
Revenue growth 17%
Legal fee ratio 0%

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 · FY2024
Total grants receivedfrom 2 funders$76K
Grants paid · 15 grants · $466K · 2020–2024
Unitemized GrantFY2024$127,427
Unitemized GrantFY2024$26,252
Unitemized GrantFY2024$20,950
Unitemized GrantFY2024$1,080
Unitemized GrantFY2022$57,569
Unitemized GrantFY2022$34,454
Unitemized GrantFY2022$15,036
Unitemized GrantFY2022$6,910
Unitemized GrantFY2022$1,457
Unitemized GrantFY2021$76,975
Unitemized GrantFY2021$3,421
Unitemized GrantFY2021$2,161
Unitemized GrantFY2021$300
Unitemized GrantFY2021$240
Unitemized GrantFY2020$92,189

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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)$462K revenue · viewing · ⤓ 990 PDF
FY2023$396K revenue · ⤓ 990 PDF
FY2022$418K revenue · ⤓ 990 PDF
FY2021$382K revenue · ⤓ 990 PDF
FY2020$317K 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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