The Elders House INC: FY2020 Nonprofit Profile & Form 990 (EIN 46-2691152)

Revenue by fiscal year
FY2020	$369K
FY2021	$260K

Expenses by fiscal year
FY2020	$322K
FY2021	$1.5M

Net assets by fiscal year
FY2020	$1.2M
FY2021	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

18 cents of each dollar spent went to programs.

18%

82%

Program services 18% · $58K Management & general 82% · $264K Fundraising 0% · $943

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

1 person listed on the 990.

Part VII, Section A · reportable compensation

Valerie Brown

Director

$0Pt VII · Sec A

See The Elders House 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 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps young people stay focused and succeed through opportunities and tools, preventing delinquency.

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Provided by the organization

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1 program · $58K · in their own filed words · FY2020

01

To prevent juvenile delinquency for youth by assisting them to remain focused in life and providing opportunities and tools for them to be successful and productive.

$58Kprogram 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 · FY2021

Hampton Roads Community FoundationFY2021$10K

Total grants receivedfrom 1 funder$10K

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$369K

Ln 12

Gifts and grantsLn 1h$336K

Investment incomeLn 3$33K

Money outPt IX

$322K

Ln 25

Programscol B$58K

Managementcol C$264K

Fundraisingcol D$943

Owns and owesPt X

$1.2M

net assets · Ln 32

Cash and savingsLn 1–2$185K

Total assetsLn 16$1.3M

LiabilitiesLn 26$74K

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a15

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$336K

Government grantsLn 1e$125K

Fundraising eventsLn 1c$9K

Investment incomeLn 3$33K

Total revenueLn 12$369K

Assets in detailPt X, end of year

CashLn 1$185K

Cash and savings togetherLn 1–2$185K

Land, buildings, equipmentLn 10c$1.0M

Other assetsLn 15$49K

Total assetsLn 16$1.3M

LiabilitiesLn 26$74K

Net assetsLn 32$1.2M

OperationsPt I, VI

EmployeesI 50

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$466K	$185K
Land, buildings, equipmentLn 10c	$1.1M	$1.0M
Total assetsLn 16	$1.6M	$1.3M
LiabilitiesLn 26	$491K	$74K
Net assetsLn 32	$1.1M	$1.2M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$190K		$190K
Accounting feesLn 11c	$32K		$32K
Advertising and promotionLn 12	$3K		$3K
Office expensesLn 13	$7K		$7K
InterestLn 20	$20K	$20K
Depreciation, depletion and amortizationLn 22	$37K	$37K
Other expenses (24a–d)Ln 24	$2K	$587		$943
All other expensesLn 24e	$32K		$32K
Total functional expensesLn 25	$322K	$58K	$264K	$943

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2021 Latest	$260K	$1.5M	−$1.2M	$0	990 PDF
FY2020 Viewing	$369K	$322K	$47K	$1.2M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $369,329 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $334,064$336,338

I-9 Program service revenue$0

I-10 Investment incomePrior year −$934$32,991

I-11 Other revenue$0

I-12 Total revenuePrior year $333,130$369,329

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $215,587$190,321

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $157,119$132,003

I-18 Total expensesPrior year $372,706$322,324

I-19 Revenue less expensesPrior year −$39,576$47,005

Part VI · Governance 0 of 15 board members independent, 4 to look at

VI-1a Voting members of the governing body15

VI-1b Independent voting members0

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $369,329 across 8 lines filed

VIII-1a Federated campaigns$6,354

VIII-1c Fundraising events$8,888

VIII-1d Related organizations$50,000

VIII-1e Government grants$125,000

VIII-1f All other contributions, gifts and grants$146,096

VIII-1h Total contributions, gifts and grants$336,338

VIII-3 Investment incomeRelated to mission $32,991$32,991

VIII-12 Total revenueRelated to mission $32,991 · Unrelated business $0 · Excluded from tax $0$369,329

Part IX · Statement of functional expenses $322,324 across 8 lines filed

IX-7 Other salaries and wagesManagement $190,321$190,321

IX-11c Accounting feesManagement $31,842$31,842

IX-12 Advertising and promotionManagement $3,235$3,235

IX-13 Office expensesManagement $6,676$6,676

IX-20 InterestPrograms $20,424$20,424

IX-22 Depreciation, depletion and amortizationPrograms $36,628$36,628

IX-24 Other expenses (24a–d)Programs $587 · Fundraising $943$1,530

IX-24e All other expensesManagement $31,668$31,668

IX-25 Total functional expensesPrograms $57,639 · Management $263,742 · Fundraising $943$322,324

Part X · Balance sheet $1,266,272 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $466,476$185,317

X-10c Land, buildings and equipment, netStart of year $1,065,746$1,031,846

X-15 Other assetsStart of year $56,453$49,109

X-16 Total assetsStart of year $1,636,020$1,266,272

X-26 Total liabilitiesStart of year $491,219$74,466

X-27 Net assets without donor restrictionsStart of year $1,144,801$1,191,806

X-32 Total net assets or fund balancesStart of year $1,144,801$1,191,806

X-33 Total liabilities and net assetsStart of year $1,636,020$1,266,272

Part XI · Reconciliation of net assets $1,191,806 net assets at year end

XI-1 Total revenue$369,329

XI-2 Total expenses$322,324

XI-3 Revenue less expenses$47,005

XI-4 Net assets at start of year$1,144,801

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,191,806

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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The Elders House INC FY2020 filing

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