Adipsy FY2023 filing

Tax-deductible

Norfolk, VA501(c)(3)Health CareEIN 46-1951781

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The heart of Adipsy is to provide restoration away from the difficulties of cancer.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$7K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
1 of 5
filings with a surplus
Average deficit $289K a year · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$7K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
26 mo
of spending, in cash
Looks good: 26.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $116
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
1.0% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$40K
+107% vs prior year
Spent
$326K
To programs
94%
Net assets
$713K
By yearFY2020–FY2024
Revenue
$40K
FY2023▲ +107%
Revenue by fiscal year
FY2020$255K
FY2021$128K
FY2022−$583K
FY2023$40K
FY2024$29K
Expenses
$326K
FY2023▲ +19%
Expenses by fiscal year
FY2020$209K
FY2021$219K
FY2022$273K
FY2023$326K
FY2024$286K
Net assets
$713K
FY2023▼ -29%
Net assets by fiscal year
FY2020$1.9M
FY2021$1.9M
FY2022$999K
FY2023$713K
FY2024$456K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2016-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Jan 2017.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $305K Management & general 5% · $17K Fundraising 1% · $4K

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; $7K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO & Founde
$7,200Pt VII · Sec A
CEO & Founde
$0Pt VII · Sec A
Secretary Tr
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Christlynn McCloud’s $7K as CEO & Founde is at the 24th percentile of top reported officer pay among 200 <$100K health care 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

NameFY2023FY2022
Christlynn McCloud$7,200$31,200

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

Offers support and healing for those facing cancer's challenges.

Provided by the organization

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3 program services account for $305K of program spending, described in the organization's own filed words · FY2023.
01

Adipsy provides getaways for cancer patients and their families to experience rest and relaxation away from the hardships that cancer brings.

$247Kprogram expense
02

Hosting support events where patients connect with other patients and families undergoing treatment to encourage hope and happiness through their circumstances.

$58Kprogram expense
03

Financial support for patients who are facing financial hardships due to their diagnosis and treatment.

Pt IX · col B

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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 · FY2023
Total grants receivedfrom 1 funder$116

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$40K
Ln 12
Fees for servicesLn 2g$36K
Gifts and grantsLn 1h$10K
Investment incomeLn 3$4
Money outPt IX
$326K
Ln 25
Programscol B$305K
Managementcol C$17K
Fundraisingcol D$4K
Owns and owesPt X
$713K
net assets · Ln 32
Cash and savingsLn 1–2$719K
Total assetsLn 16$720K
LiabilitiesLn 26$7K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Fees for servicesLn 2g$36K
Investment incomeLn 3$4
Gains on assetsLn 7−$65K
Total revenueLn 12$40K
Assets in detailPt X, end of year
CashLn 1$719K
Cash and savings togetherLn 1–2$719K
Land, buildings, equipmentLn 10c$439
Total assetsLn 16$720K
LiabilitiesLn 26$7K
Net assetsLn 32$713K
OperationsPt I, VI
EmployeesI 52
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$54K$719K
Land, buildings, equipmentLn 10c$947K$439
Total assetsLn 16$1.0M$720K
LiabilitiesLn 26$3K$7K
Net assetsLn 32$999K$713K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$7K$7K
Other salaries and wagesLn 7$56K$48K$6K$3K
Other employee benefitsLn 9$657$657
Payroll taxesLn 10$5K$4K$513$257
Legal feesLn 11b$137K$137K
Advertising and promotionLn 12$351$298$35$18
Office expensesLn 13$7K$6K$724$361
OccupancyLn 16$8K$7K$772$386
Conferences, conventions and meetingsLn 19$6K$6K
InterestLn 20$822$822
Depreciation, depletion and amortizationLn 22$22K$22K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$73K$72K$384$192
All other expensesLn 24e$429$429
Total functional expensesLn 25$326K$305K$17K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $29K$286K−$257K$456K 990 PDF
FY2023 Viewing $40K$326K−$286K$713K 990 PDF
FY2022 −$583K$273K−$856K$999K 990 PDF
FY2021 $128K$219K−$91K$1.9M 990 PDF
FY2020 $255K$209K$46K$1.9M 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $39,781 across 7 lines filed
VIII-1f All other contributions, gifts and grants$10,106
VIII-1h Total contributions, gifts and grants$10,106
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $35,846$35,846
VIII-3 Investment incomeRelated to mission $4$4
VIII-7 Net gain or loss on sales of assetsRelated to mission −$65,305−$65,305
VIII-8 Net income from fundraising eventsExcluded from tax $59,130$59,130
VIII-12 Total revenueRelated to mission −$29,455 · Excluded from tax $59,130$39,781
Part IX · Statement of functional expenses $326,007 across 14 lines filed
IX-5 Pay of current officers, directors and key staffManagement $7,200$7,200
IX-7 Other salaries and wagesPrograms $47,685 · Management $5,610 · Fundraising $2,805$56,100
IX-9 Other employee benefitsManagement $657$657
IX-10 Payroll taxesPrograms $4,362 · Management $513 · Fundraising $257$5,132
IX-11b Legal feesPrograms $136,876$136,876
IX-12 Advertising and promotionPrograms $298 · Management $35 · Fundraising $18$351
IX-13 Office expensesPrograms $6,148 · Management $724 · Fundraising $361$7,233
IX-16 OccupancyPrograms $6,561 · Management $772 · Fundraising $386$7,719
IX-19 Conferences, conventions and meetingsPrograms $6,208$6,208
IX-20 InterestManagement $822$822
IX-22 Depreciation, depletion and amortizationPrograms $21,564$21,564
IX-23 InsurancePrograms $2,706$2,706
IX-24 Other expenses (24a–d)Programs $72,434 · Management $384 · Fundraising $192$73,010
IX-24e All other expensesPrograms $429$429
IX-25 Total functional expensesPrograms $305,271 · Management $16,717 · Fundraising $4,019$326,007
Part X · Balance sheet $719,739 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $54,223$719,300
X-10c Land, buildings and equipment, netStart of year $947,308$439
X-16 Total assetsStart of year $1,001,531$719,739
X-25 Other liabilitiesStart of year $2,520$6,954
X-26 Total liabilitiesStart of year $2,520$6,954
X-27 Net assets without donor restrictionsStart of year $999,011$712,785
X-32 Total net assets or fund balancesStart of year $999,011$712,785
X-33 Total liabilities and net assetsStart of year $1,001,531$719,739
Part XI · Reconciliation of net assets $712,785 net assets at year end
XI-1 Total revenue$39,781
XI-2 Total expenses$326,007
XI-3 Revenue less expenses−$286,226
XI-4 Net assets at start of year$999,011
XI-10 Net assets at end of year$712,785

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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