Innogroup Foundation INC

Tax-deductible

Zeeland, MI501(c)(3)Community DevelopmentEIN 46-1522579

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Support organizations whose purpose is to improve community resources such as water, housing, education, and job opportunities in poverty stricken communities. Continued on schedule o

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
4 of 5
filings with a surplus
Average surplus $146K a year · 17% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3K
to officers and key staff · 0.5% of spending
Top officer’s pay lower than 98% of similar orgs
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
25 mo
of spending, in cash
Looks good: 24.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.8M
41% of total assets
Looks good: liabilities are 41% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$791K
-9% vs prior year
Spent
$568K
To programs
100%
Net assets
$4.1M
By yearFY2020–FY2024
Revenue
$791K
FY2024▼ -9%
Revenue by fiscal year
FY2020$918K
FY2021$1.0M
FY2022$832K
FY2023$864K
FY2024$791K
Expenses
$568K
FY2024▼ -12%
Expenses by fiscal year
FY2020$630K
FY2021$972K
FY2022$871K
FY2023$649K
FY2024$568K
Net assets
$4.1M
FY2024▲ +6%
Net assets by fiscal year
FY2020$3.6M
FY2021$3.4M
FY2022$3.7M
FY2023$3.9M
FY2024$4.1M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2014.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $565K Management & general 0% · $3K

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

4 people listed on the 990; $3K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary
$3,000Pt VII · Sec A
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Treasurer, Secretary
$0Pt VII · Sec A

Jane Lanser’s $3K as Secretary is at the 2nd percentile of top reported officer pay among 1709 $100K–1M community development 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 · 1 named individual · Part VII

NameFY2024FY2023
Jane Lanser$3,000$2,500

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.

See Innogroup Foundation INC executive salaries →

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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 15aNo

Programs and updates

Funds groups improving community resources like water, housing, education, and jobs in poor areas.

Provided by the organization

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1 program · $565K · in their own filed words · FY2024
01

Providing housing and water to poverty stricken areas.

$565Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$50K
Grants paid · 31 grants · $771K · 2020–2024
Mission of HopeIA · FY2024$39,265
Outdoor Discovery NetworkWA · FY2024$25,223
PioneersFL · FY2024$16,045
All Shores Wesleyan ChurchMI · FY2024$6,000
Mission of HopeIA · FY2023$43,658
Community Action HouseMI · FY2023$13,680
All Shores Wesleyan ChurchMI · FY2023$6,000
Mission of HopeIA · FY2022$139,900
Partners WorldwideMI · FY2022$28,720
Jenison Christian SchoolsMI · FY2022$10,510
Uptown ChurchNC · FY2022$9,704
Tisbest PhilanthropyWA · FY2022$7,725
Mission of HopeIA · FY2021$136,000
Partners WorldwideMI · FY2021$32,500
Samaritans PurseNC · FY2021$10,783
See all 31 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$791K
Ln 12
Gifts and grantsLn 1h$387K
Fees for servicesLn 2g$372K
Investment incomeLn 3$31K
Money outPt IX
$568K
Ln 25
Programscol B$565K
Managementcol C$3K
Owns and owesPt X
$4.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$6.9M
LiabilitiesLn 26$2.8M
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$387K
Fees for servicesLn 2g$372K
Investment incomeLn 3$31K
Gains on assetsLn 7$0
Total revenueLn 12$791K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$72K
Land, buildings, equipmentLn 10c$5.4M
Other assetsLn 15$244K
Total assetsLn 16$6.9M
LiabilitiesLn 26$2.8M
Net assetsLn 32$4.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
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 FY24End FY24
Cash and savingsLn 1–2$1.1M$1.2M
InvestmentsLn 11–13$72K$72K
Land, buildings, equipmentLn 10c$5.6M$5.4M
Total assetsLn 16$6.9M$6.9M
LiabilitiesLn 26$3.1M$2.8M
Net assetsLn 32$3.9M$4.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$176K$176K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$17K$17K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$12K$12K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$14K$14K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$130K$130K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$174K$174K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$39K$39K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$568K$565K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $791K$568K$223K$4.1M 990 PDF
FY2023 $864K$649K$216K$3.9M 990 PDF
FY2022 $832K$871K−$39K$3.7M 990 PDF
FY2021 $1.0M$972K$44K$3.4M 990 PDF
FY2020 $918K$630K$288K$3.6M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $790,543 across 9 lines filed
VIII-1f All other contributions, gifts and grants$387,378
VIII-1h Total contributions, gifts and grants$387,378
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $372,000$372,000
VIII-3 Investment incomeExcluded from tax $31,165$31,165
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $372,000 · Excluded from tax $31,165$790,543
Part IX · Statement of functional expenses $567,887 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $175,906$175,906
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $16,666$16,666
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $11,566$11,566
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $2,709$2,709
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $1,188$1,188
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $13,967$13,967
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $129,857$129,857
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $173,631$173,631
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $38,710$38,710
IX-24e All other expensesPrograms $3,687$3,687
IX-25 Total functional expensesPrograms $565,178 · Management $2,709 · Fundraising $0$567,887
Part X · Balance sheet $6,915,309 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $1,051,831$1,165,669
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $2,500$2,500
X-8 Inventories for sale or useStart of year $0$9,967
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $5,573,122$5,420,699
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $72,170$72,170
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $244,304$244,304
X-16 Total assetsStart of year $6,943,927$6,915,309
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $3,076,038$2,825,908
X-32 Total net assets or fund balancesStart of year $3,867,889$4,089,401
X-33 Total liabilities and net assetsStart of year $6,943,927$6,915,309
Part XI · Reconciliation of net assets $4,089,401 net assets at year end
XI-1 Total revenue$790,543
XI-2 Total expenses$567,887
XI-3 Revenue less expenses$222,656
XI-4 Net assets at start of year$3,867,889
XI-8 Prior period adjustments−$1,144
XI-10 Net assets at end of year$4,089,401

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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