Riley's Catch FY2021 filing

Tax-deductible

Weddington, NC501(c)(3)Recreation & SportsEIN 46-1738946

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To empower students to live greater lives by using the outdoors in building stronger hearts, minds, and bodies.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$36K 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
4 of 5
filings with a surplus
Average surplus $57K a year · 52% 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
$36K
to officers and key staff · 45% of spending
Concern: pay to officers and key staff is 45% of spending; over 30%.
Pt VII · Sec A
Cash reserves
72 mo
of spending, in cash
Looks good: 71.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $12K
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
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$184K
+16% vs prior year
Spent
$80K
To programs
100%
Net assets
$476K
By yearFY2020–FY2024
Revenue
$184K
FY2021▲ +16%
Revenue by fiscal year
FY2020$159K
FY2021$184K
FY2022$27K
FY2023$97K
FY2024$84K
Expenses
$80K
FY2021▲ +135%
Expenses by fiscal year
FY2020$34K
FY2021$80K
FY2022$46K
FY2023$44K
FY2024$61K
Net assets
$476K
FY2021▲ +28%
Net assets by fiscal year
FY2020$371K
FY2021$476K
FY2022$457K
FY2023$510K
FY2024$533K

From the FY2021 Form 990 · 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 Mar 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% · $80K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $36K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$35,673Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Chris Carnes’s $10K as Executive Director is at the 61st percentile of top reported officer pay among 98 <$100K recreation & sports 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

NameFY2024FY2023FY2022FY2021
Chris Carnes$10,000$10,000$3,023$35,673

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 Riley's Catch 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers students to build stronger hearts, minds, and bodies through outdoor experiences.

Provided by the organization

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1 program · $80K · in their own filed words · FY2021
01

High school fishing club which leads a competitive fishing club for students in the charlotte metro area. Outdoor adventure partnerships which form catalytic partnerships with other like-minded organizations, such as the ymca of greater charlotte, for the purpose of investing in students through the outdoors.

$80Kprogram 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 2 funders$12K
Grants paid · 1 grant · $10K · 2024–2024
Unitemized GrantFY2024$10,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$184K
Ln 12
Gifts and grantsLn 1h$184K
Investment incomeLn 3$142
Money outPt IX
$80K
Ln 25
Programscol B$80K
Owns and owesPt X
$476K
net assets · Ln 32
Cash and savingsLn 1–2$476K
Total assetsLn 16$476K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$184K
Investment incomeLn 3$142
Total revenueLn 12$184K
Assets in detailPt X, end of year
CashLn 1$9K
SavingsLn 2$467K
Cash and savings togetherLn 1–2$476K
Total assetsLn 16$476K
LiabilitiesLn 26$0
Net assetsLn 32$476K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
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 FY21End FY21
Cash and savingsLn 1–2$371K$476K
Total assetsLn 16$371K$476K
LiabilitiesLn 26$0$0
Net assetsLn 32$371K$476K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$36K$36K
Payroll taxesLn 10$8K$8K
Advertising and promotionLn 12$999$999
Office expensesLn 13$23$23
Information technologyLn 14$8K$8K
TravelLn 17$2K$2K
InsuranceLn 23$475$475
Other expenses (24a–d)Ln 24$17K$17K
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$80K$80K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $84K$61K$24K$533K 990 PDF
FY2023 $97K$44K$53K$510K 990 PDF
FY2022 $27K$46K−$19K$457K 990 PDF
FY2021 Viewing $184K$80K$105K$476K 990 PDF
FY2020 $159K$34K$125K$371K 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 (4 parts)
Part VIII · Statement of revenue $184,400 across 5 lines filed
VIII-1b Membership dues$1,841
VIII-1f All other contributions, gifts and grants$182,417
VIII-1h Total contributions, gifts and grants$184,258
VIII-3 Investment incomeExcluded from tax $142$142
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $142$184,400
Part IX · Statement of functional expenses $79,563 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $35,673$35,673
IX-10 Payroll taxesPrograms $8,412$8,412
IX-12 Advertising and promotionPrograms $999$999
IX-13 Office expensesPrograms $23$23
IX-14 Information technologyPrograms $8,447$8,447
IX-17 TravelPrograms $1,999$1,999
IX-23 InsurancePrograms $475$475
IX-24 Other expenses (24a–d)Programs $17,484$17,484
IX-24e All other expensesPrograms $6,051$6,051
IX-25 Total functional expensesPrograms $79,563 · Management $0 · Fundraising $0$79,563
Part X · Balance sheet $476,004 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $94,361$9,056
X-2 Savings and temporary cash investmentsStart of year $276,806$466,948
X-16 Total assetsStart of year $371,167$476,004
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $371,167$476,004
X-32 Total net assets or fund balancesStart of year $371,167$476,004
X-33 Total liabilities and net assetsStart of year $371,167$476,004
Part XI · Reconciliation of net assets $476,004 net assets at year end
XI-1 Total revenue$184,400
XI-2 Total expenses$79,563
XI-3 Revenue less expenses$104,837
XI-4 Net assets at start of year$371,167
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$476,004

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

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