Runningworks INC FY2020 filing

Charlotte, NCUnknown exempt organizationEIN 45-4505930Revenue $480K in FY2020

On file with the IRSrunningworks.org401 Hawthorne Lane Ste 110 Ste 317 · Charlotte, NC

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Runningworks assist individual and families expericning homelessness and poverty with their goals for physical, emotional and social well being.

42¢ of each $1 spent went to programs.
$66K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $20K a year · 5% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
42%
of spending
Concern: 42% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$66K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $11K
Fine: 2 funders name 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
0
of 12 voting members
Concern: none of 12 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$480K
Spent
$428K
To programs
42%
Net assets
$72K
By yearFY2020–FY2023
Revenue
$480K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$480K
FY2021$493K
FY2022$353K
FY2023$165K
Expenses
$428K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$428K
FY2021$410K
FY2022$390K
FY2023$185K
Net assets
$72K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$72K
FY2021$156K
FY2022$88K
FY2023$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

42 cents of each dollar spent went to programs.

Program services 42% · $179K Management & general 58% · $250K

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

12 people listed on the 990; $66K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Operation Officer
$65,850Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Co Vice Chair
$0Pt VII · Sec A
Chairman of Board
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2020
Matthew Sharp$54,218$65,850
Meredith Dolhare$18,600—

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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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

Helps individuals and families experiencing homelessness and poverty achieve physical, emotional, and social well-being.

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Provided by the organization

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3 programs · $178K · in their own filed words · FY2020
01

Afforable housing programthe runningworks for affordable housing program connects families and individuals experiencing homelessness and pverty with opportunities for safe, permanent, and low barrier housing they can afford.

$97Kprogram expense
02

Program Running Expenses

Due to covid running activities were partially suspended

$41Kprogram expense
03

Healthy lifestyles programrunningworks for healthy lifestyles in a health and wellness program focusing on the physical, social, and emotional well being of children and adults experiencing homelessness and poverty in the caolinas

$39Kprogram 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 · FY2023
Reverb INCFY2023$11K
Total grants receivedfrom 2 funders$11K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$480K
Ln 12
Gifts and grantsLn 1h$480K
Money outPt IX
$428K
Ln 25
Programscol B$179K
Managementcol C$250K
Owns and owesPt X
$72K
net assets · Ln 32
Cash and savingsLn 1–2$72K
Total assetsLn 16$72K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$480K
Total revenueLn 12$480K
Assets in detailPt X, end of year
CashLn 1$72K
Cash and savings togetherLn 1–2$72K
Total assetsLn 16$72K
LiabilitiesLn 26$0
Net assetsLn 32$72K
OperationsPt I, VI
EmployeesI 55
VolunteersI 665
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 FY20End FY20
Cash and savingsLn 1–2$21K$72K
Total assetsLn 16$21K$72K
LiabilitiesLn 26$0$0
Net assetsLn 32$21K$72K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$137K$137K
Pay of current officers, directors and key staffLn 5$128K$128K
Other employee benefitsLn 9$19K$19K
Payroll taxesLn 10$46K$46K
Accounting feesLn 11c$555$555
Other fees for servicesLn 11g$864$864
Advertising and promotionLn 12$10K$10K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$42K$42K
All other expensesLn 24e$41K$41K
Total functional expensesLn 25$428K$179K$250K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $165K$185K−$20K$0 990 PDF
FY2022 $353K$390K−$37K$88K 990 PDF
FY2021 $493K$410K$83K$156K 990 PDF
FY2020 Viewing $480K$428K$52K$72K 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 FY2020 990 (6 parts)
Part I · Summary $479,624 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $476,133$479,624
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $476,133$479,624
I-13 Grants and similar amounts paidPrior year $142,723$137,228
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $154,930$193,068
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $204,672$97,798
I-18 Total expensesPrior year $502,325$428,094
I-19 Revenue less expensesPrior year −$26,192$51,530
Part VI · Governance 0 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members0
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $479,624 across 3 lines filed
VIII-1f All other contributions, gifts and grants$479,624
VIII-1h Total contributions, gifts and grants$479,624
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$479,624
Part IX · Statement of functional expenses $428,094 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $137,228$137,228
IX-5 Pay of current officers, directors and key staffManagement $128,187$128,187
IX-9 Other employee benefitsManagement $19,091$19,091
IX-10 Payroll taxesManagement $45,790$45,790
IX-11c Accounting feesManagement $555$555
IX-11g Other fees for servicesManagement $864$864
IX-12 Advertising and promotionManagement $9,819$9,819
IX-23 InsuranceManagement $2,778$2,778
IX-24 Other expenses (24a–d)Management $42,496$42,496
IX-24e All other expensesPrograms $41,286$41,286
IX-25 Total functional expensesPrograms $178,514 · Management $249,580 · Fundraising $0$428,094
Part X · Balance sheet $72,481 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $20,951$72,481
X-16 Total assetsStart of year $20,951$72,481
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $20,951$72,481
X-32 Total net assets or fund balancesStart of year $20,951$72,481
X-33 Total liabilities and net assetsStart of year $20,951$72,481
Part XI · Reconciliation of net assets $72,481 net assets at year end
XI-1 Total revenue$479,624
XI-2 Total expenses$428,094
XI-3 Revenue less expenses$51,530
XI-4 Net assets at start of year$20,951
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$72,481

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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