Rooster Walk INC FY2020 filing

Tax-deductible

Axton, VA501(c)(3)EducationEIN 45-5130096Revenue $359K in FY2020

On file with the IRSroosterwalk.com675 Hobson Rd, 24054-2084 · Axton, VATax-exempt since Jul 2012Publicly supported charity — 170(b)(1)(A)(vi)

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To promote music, arts and education in martinsville and henry county though music concerts and music and arts festivals

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$80K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $68K a year · 5% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$80K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 11.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $600
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 10 voting members
Fine: 5 of 10 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$359K
-68% vs prior year
Spent
$352K
To programs
78%
Net assets
$569K
By yearFY2019–FY2024
Revenue
$359K
FY2020▼ -68%
Tap a bar for its year
Revenue by fiscal year
FY2019$1.1M
FY2020$359K
FY2021$1.3M
FY2022$1.5M
FY2023$1.9M
FY2024$1.6M
Expenses
$352K
FY2020▼ -64%
Tap a bar for its year
Expenses by fiscal year
FY2019$979K
FY2020$352K
FY2021$849K
FY2022$1.4M
FY2023$1.8M
FY2024$1.9M
Net assets
$569K
FY2020▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2019$559K
FY2020$569K
FY2021$1.0M
FY2022$1.1M
FY2023$1.1M
FY2024$724K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2012.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $275K Management & general 22% · $77K

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

10 people listed on the 990; $80K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Direcgtor and Treasurer
$42,833Pt VII · Sec A
Chief Operating Offi
$36,833Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

John E Buck III’s $58K as Executive Director and Treasurer is at the 9th percentile of top reported officer pay among 3395 $1–10M education 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

NameFY2024FY2023FY2022FY2021FY2020FY2019
John E Buck III$58,500$58,500$58,500$46,667$42,833$33,500
William Baptist———$40,667$36,833$33,500
Donna Thompson—————$10,667
Michael Pittman—————$6,083

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 15aYes

Programs and updates

Presents music concerts and arts festivals to promote music, arts, and education.

Provided by the organization

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1 program · in their own filed words · FY2020
01

Rooster walk inc is a non-profit organization that organizes and assembles music festivals designed to provide entertainment, arts and crafts and educational activities in multiple venues to raise funds for scholarships and provide an instrument repair program for local high school students as well as for various other local and regional…

Pt IX · col B

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$600

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$359K
Ln 12
Gifts and grantsLn 1h$274K
Fees for servicesLn 2g$84K
Investment incomeLn 3$1K
Money outPt IX
$352K
Ln 25
Programscol B$275K
Managementcol C$77K
Owns and owesPt X
$569K
net assets · Ln 32
Cash and savingsLn 1–2$325K
Total assetsLn 16$571K
LiabilitiesLn 26$2K
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$274K
Government grantsLn 1e$165K
Fees for servicesLn 2g$84K
Investment incomeLn 3$1K
Total revenueLn 12$359K
Assets in detailPt X, end of year
CashLn 1$283K
SavingsLn 2$42K
Cash and savings togetherLn 1–2$325K
InvestmentsLn 11–13$114K
Land, buildings, equipmentLn 10c$131K
Total assetsLn 16$571K
LiabilitiesLn 26$2K
Net assetsLn 32$569K
OperationsPt I, VI
EmployeesI 53
VolunteersI 6325
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 FY20End FY20
Cash and savingsLn 1–2$307K$325K
InvestmentsLn 11–13$119K$114K
Land, buildings, equipmentLn 10c$135K$131K
Total assetsLn 16$561K$571K
LiabilitiesLn 26$2K$2K
Net assetsLn 32$559K$569K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$79K$27K$52K
Payroll taxesLn 10$8K$3K$5K
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$17K$17K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$17K$5K$12K
Other expenses (24a–d)Ln 24$185K$185K
All other expensesLn 24e$39K$39K
Total functional expensesLn 25$352K$275K$77K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.6M$1.9M−$279K$724K 990 PDF
FY2023 $1.9M$1.8M$52K$1.1M 990 PDF
FY2022 $1.5M$1.4M$76K$1.1M 990 PDF
FY2021 $1.3M$849K$427K$1.0M 990 PDF
FY2020 Viewing $359K$352K$6K$569K 990 PDF
FY2019 $1.1M$979K$127K$559K 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 $358,583 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $281,217$273,572
I-9 Program service revenuePrior year $821,607$83,773
I-10 Investment incomePrior year $3,580$1,238
I-11 Other revenue$0
I-12 Total revenuePrior year $1,106,404$358,583
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $91,173$87,033
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $887,752$265,155
I-18 Total expensesPrior year $978,925$352,188
I-19 Revenue less expensesPrior year $127,479$6,395
Part VI · Governance 5 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $358,583 across 6 lines filed
VIII-1e Government grants$164,854
VIII-1f All other contributions, gifts and grants$108,718
VIII-1h Total contributions, gifts and grants$273,572
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $83,773$83,773
VIII-3 Investment income$1,238
VIII-12 Total revenueRelated to mission $83,773$358,583
Part IX · Statement of functional expenses $352,188 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $27,166 · Management $52,000$79,166
IX-10 Payroll taxesPrograms $2,700 · Management $5,167$7,867
IX-11c Accounting feesManagement $3,487$3,487
IX-12 Advertising and promotionPrograms $16,849$16,849
IX-22 Depreciation, depletion and amortizationManagement $4,162$4,162
IX-23 InsurancePrograms $4,599 · Management $12,182$16,781
IX-24 Other expenses (24a–d)Programs $184,512$184,512
IX-24e All other expensesPrograms $39,364$39,364
IX-25 Total functional expensesPrograms $275,190 · Management $76,998 · Fundraising $0$352,188
Part X · Balance sheet $570,703 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $289,387$282,966
X-2 Savings and temporary cash investmentsStart of year $17,903$42,407
X-10c Land, buildings and equipment, netStart of year $135,309$131,147
X-13 Program-related investmentsStart of year $118,737$114,183
X-16 Total assetsStart of year $561,336$570,703
X-17 Accounts payable and accrued expensesStart of year $2,318$2,108
X-26 Total liabilitiesStart of year $2,318$2,108
X-32 Total net assets or fund balancesStart of year $559,018$568,595
X-33 Total liabilities and net assetsStart of year $561,336$570,703
Part XI · Reconciliation of net assets $568,595 net assets at year end
XI-1 Total revenue$358,583
XI-2 Total expenses$352,188
XI-3 Revenue less expenses$6,395
XI-4 Net assets at start of year$559,018
XI-5 Net unrealized gains (losses) on investments$3,884
XI-8 Prior period adjustments−$702
XI-10 Net assets at end of year$568,595

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

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