Rooster Walk INC FY2021 filing

Tax-deductible

Axton, VA501(c)(3)EducationEIN 45-5130096Revenue $1.3M in FY2021

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.
83¢ of each $1 spent went to programs.
$87K 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

FY2021 · 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
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$87K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.5 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
$5K
0.5% 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
$1.3M
+256% vs prior year
Spent
$849K
To programs
83%
Net assets
$1.0M
By yearFY2019–FY2024
Revenue
$1.3M
FY2021▲ +256%
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
$849K
FY2021▲ +141%
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
$1.0M
FY2021▲ +76%
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 FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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

83 cents of each dollar spent went to programs.

Program services 83% · $707K Management & general 16% · $138K

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; $87K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director and Treasurer
$46,667Pt VII · Sec A
$40,667Pt 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
Vice President
$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 2Yes
  • 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.

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Provided by the organization

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1 program · in their own filed words · FY2021
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 FY2021 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$714K
Fees for servicesLn 2g$557K
Investment incomeLn 3$5K
Money outPt IX
$849K
Ln 25
Programscol B$707K
Managementcol C$138K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$740K
Total assetsLn 16$1.0M
LiabilitiesLn 26$5K
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$714K
Government grantsLn 1e$525K
Fees for servicesLn 2g$557K
Investment incomeLn 3$5K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$237K
SavingsLn 2$503K
Cash and savings togetherLn 1–2$740K
InvestmentsLn 11–13$140K
Land, buildings, equipmentLn 10c$127K
Total assetsLn 16$1.0M
LiabilitiesLn 26$5K
Net assetsLn 32$1.0M
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 FY21End FY21
Cash and savingsLn 1–2$325K$740K
InvestmentsLn 11–13$114K$140K
Land, buildings, equipmentLn 10c$131K$127K
Total assetsLn 16$571K$1.0M
LiabilitiesLn 26$2K$5K
Net assetsLn 32$569K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$13K$13K
Grants to domestic individualsLn 2$12K$12K
Pay of current officers, directors and key staffLn 5$87K$87K
Other salaries and wagesLn 7$2K$2K
Payroll taxesLn 10$7K$7K
Accounting feesLn 11c$7K$7K
Advertising and promotionLn 12$24K$24K
OccupancyLn 16$15K$15K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$21K$19K$2K
Other expenses (24a–d)Ln 24$591K$591K
All other expensesLn 24e$66K$49K$13K
Total functional expensesLn 25$849K$707K$138K$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 Viewing $1.3M$849K$427K$1.0M 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $1,275,630 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $273,572$713,895
I-9 Program service revenuePrior year $83,773$556,882
I-10 Investment incomePrior year $1,238$4,853
I-11 Other revenue$0
I-12 Total revenuePrior year $358,583$1,275,630
I-13 Grants and similar amounts paid$24,367
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $87,033$96,415
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $265,155$727,953
I-18 Total expensesPrior year $352,188$848,735
I-19 Revenue less expensesPrior year $6,395$426,895
Part VI · Governance 5 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,275,630 across 6 lines filed
Lines not itemized here account for $3,212 of total revenue; see the IRS return.
VIII-1e Government grants$525,346
VIII-1f All other contributions, gifts and grants$188,549
VIII-1h Total contributions, gifts and grants$713,895
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$553,670
VIII-3 Investment income$4,853
VIII-12 Total revenue$1,275,630
Part IX · Statement of functional expenses $848,735 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $12,775$12,775
IX-2 Grants to domestic individualsPrograms $11,592$11,592
IX-5 Pay of current officers, directors and key staffManagement $87,333$87,333
IX-7 Other salaries and wagesManagement $2,401$2,401
IX-10 Payroll taxesManagement $6,681$6,681
IX-11c Accounting feesManagement $6,711$6,711
IX-12 Advertising and promotionPrograms $23,696$23,696
IX-16 OccupancyManagement $15,260$15,260
IX-22 Depreciation, depletion and amortizationManagement $4,162$4,162
IX-23 InsurancePrograms $18,787 · Management $2,313$21,110
IX-24 Other expenses (24a–d)Programs $590,695$590,695
IX-24e All other expensesPrograms $49,461 · Management $12,990$66,319
IX-25 Total functional expensesPrograms $707,006 · Management $137,851 · Fundraising $0$848,735
Part X · Balance sheet $1,006,847 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $282,966$236,956
X-2 Savings and temporary cash investmentsStart of year $42,407$502,689
X-10c Land, buildings and equipment, netStart of year $131,147$126,985
X-13 Program-related investmentsStart of year $114,183$140,217
X-16 Total assetsStart of year $570,703$1,006,847
X-17 Accounts payable and accrued expensesStart of year $2,108$4,662
X-26 Total liabilitiesStart of year $2,108$4,662
X-32 Total net assets or fund balancesStart of year $568,595$1,002,185
X-33 Total liabilities and net assetsStart of year $570,703$1,006,847
Part XI · Reconciliation of net assets $1,002,185 net assets at year end
XI-1 Total revenue$1,275,630
XI-2 Total expenses$848,735
XI-3 Revenue less expenses$426,895
XI-4 Net assets at start of year$568,595
XI-5 Net unrealized gains (losses) on investments$10,244
XI-8 Prior period adjustments−$3,549
XI-10 Net assets at end of year$1,002,185

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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