Rooster Walk INC FY2022 filing

Tax-deductible

Axton, VA501(c)(3)EducationEIN 45-5130096Revenue $1.5M in FY2022

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.
84¢ of each $1 spent went to programs.
$58K 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

FY2022 · 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
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$58K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 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
0.2% 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
$1.5M
+14% vs prior year
Spent
$1.4M
To programs
84%
Net assets
$1.1M
By yearFY2019–FY2024
Revenue
$1.5M
FY2022▲ +14%
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
$1.4M
FY2022▲ +63%
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
$1.1M
FY2022▲ +8%
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 FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

84 cents of each dollar spent went to programs.

Program services 84% · $1.2M Management & general 16% · $221K

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; $58K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director and Treasurer
$58,500Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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 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 · $1.4M · in their own filed words · FY2022
01

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

$1.4Mprogram 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$600

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$1.0M
Gifts and grantsLn 1h$446K
Investment incomeLn 3$5K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.2M
Managementcol C$221K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$472K
Total assetsLn 16$1.1M
LiabilitiesLn 26$2K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$446K
Government grantsLn 1e$43K
Fees for servicesLn 2g$1.0M
Investment incomeLn 3$5K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$460K
SavingsLn 2$13K
Cash and savings togetherLn 1–2$472K
InvestmentsLn 11–13$492K
Land, buildings, equipmentLn 10c$123K
Total assetsLn 16$1.1M
LiabilitiesLn 26$2K
Net assetsLn 32$1.1M
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 FY22End FY22
Cash and savingsLn 1–2$740K$472K
InvestmentsLn 11–13$140K$492K
Land, buildings, equipmentLn 10c$127K$123K
Total assetsLn 16$1.0M$1.1M
LiabilitiesLn 26$5K$2K
Net assetsLn 32$1.0M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$33K$33K
Pay of current officers, directors and key staffLn 5$51K$51K
Other salaries and wagesLn 7$24K$24K
Payroll taxesLn 10$6K$6K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$80K$80K
OccupancyLn 16$24K$24K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$28K$18K$10K
Other expenses (24a–d)Ln 24$703K$677K$26K
All other expensesLn 24e$424K$352K$72K
Total functional expensesLn 25$1.4M$1.2M$221K$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 Viewing $1.5M$1.4M$76K$1.1M 990 PDF
FY2021 $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 FY2022 990 (6 parts)
Part I · Summary $1,458,728 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $713,895$445,521
I-9 Program service revenuePrior year $556,882$1,008,553
I-10 Investment incomePrior year $4,853$4,654
I-11 Other revenue$0
I-12 Total revenuePrior year $1,275,630$1,458,728
I-13 Grants and similar amounts paidPrior year $24,367$33,450
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $96,415$81,412
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $727,953$1,267,607
I-18 Total expensesPrior year $848,735$1,382,469
I-19 Revenue less expensesPrior year $426,895$76,259
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 $1,458,728 across 6 lines filed
VIII-1e Government grants$43,060
VIII-1f All other contributions, gifts and grants$402,461
VIII-1h Total contributions, gifts and grants$445,521
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$1,008,553
VIII-3 Investment income$4,654
VIII-12 Total revenue$1,458,728
Part IX · Statement of functional expenses $1,382,469 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $33,450$33,450
IX-5 Pay of current officers, directors and key staffManagement $51,000$51,000
IX-7 Other salaries and wagesManagement $24,125$24,125
IX-10 Payroll taxesManagement $6,287$6,287
IX-11c Accounting feesManagement $4,382$4,382
IX-12 Advertising and promotionPrograms $80,334$80,334
IX-16 OccupancyManagement $23,711$23,711
IX-22 Depreciation, depletion and amortizationManagement $4,292$4,292
IX-23 InsurancePrograms $17,897 · Management $10,083$27,980
IX-24 Other expenses (24a–d)Programs $677,310 · Management $25,688$702,998
IX-24e All other expensesPrograms $352,023 · Management $71,887$423,910
IX-25 Total functional expensesPrograms $1,161,014 · Management $221,455 · Fundraising $0$1,382,469
Part X · Balance sheet $1,087,586 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $236,956$459,706
X-2 Savings and temporary cash investmentsStart of year $502,689$12,712
X-10c Land, buildings and equipment, netStart of year $126,985$122,693
X-13 Program-related investmentsStart of year $140,217$492,475
X-16 Total assetsStart of year $1,006,847$1,087,586
X-17 Accounts payable and accrued expensesStart of year $4,662$2,442
X-26 Total liabilitiesStart of year $4,662$2,442
X-32 Total net assets or fund balancesStart of year $1,002,185$1,085,144
X-33 Total liabilities and net assetsStart of year $1,006,847$1,087,586
Part XI · Reconciliation of net assets $1,085,144 net assets at year end
XI-1 Total revenue$1,458,728
XI-2 Total expenses$1,382,469
XI-3 Revenue less expenses$76,259
XI-4 Net assets at start of year$1,002,185
XI-5 Net unrealized gains (losses) on investments$6,700
XI-10 Net assets at end of year$1,085,144

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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