Phantoms Charities FY2021 filing

Allentown, PA · Public charity (501(c)(3)) · Community Development

✓ Tax-deductible Latest data FY2021
Revenue
$78K
▼ -44% vs prior year
Spent
$107K
To programs
28%
Net assets
$182K
By yearFY2020–FY2025
Revenue
$78K
FY2021▼ -44%
Revenue by fiscal year
FY2020$139K
FY2021$78K
FY2022$138K
FY2023$160K
FY2024$175K
FY2025$208K
Expenses
$107K
FY2021▼ -40%
Expenses by fiscal year
FY2020$179K
FY2021$107K
FY2022$140K
FY2023$144K
FY2024$123K
FY2025$190K
Net assets
$182K
FY2021▼ -14%
Net assets by fiscal year
FY2020$212K
FY2021$182K
FY2022$181K
FY2023$196K
FY2024$249K
FY2025$266K
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending June 2021 (IRS tax year 2020).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
2 funders, incl. American Online Giving Foundation INC
$61K in the latest grant year.
Spent on programs?
28% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↓ -44% vs prior year
Legal name (IRS)Hdr · item CPhantoms Charities
EINHdr · item D46-2727544
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFSep 2014
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CAllentown, PA
NTEE classificationIRS BMFCommunity Development (S99)

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.28 Management & general $0.72
Program services28%$30K
Management & general72%$77K
Total functional expensesLn 25$107K

Financial health

Program efficiency
28%
of spending reaches programs
Operating runway
13.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-38%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$188K
FY2021▼ -11%
Total assets by fiscal year
FY2020$213K
FY2021$188K
FY2022$187K
FY2023$200K
FY2024$251K
FY2025$340K
Total liabilities
$7K
FY2021▲ +408%
Total liabilities by fiscal year
FY2020$1K
FY2021$7K
FY2022$6K
FY2023$4K
FY2024$2K
FY2025$74K
Revenue less expensesPt I · Ln 19−$30K
Total assetsPt X · Ln 16$188K
Program-expense ratioPt IX · col B28%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

Balance Sheet

Part X · end of year
CashLn 1$120K
Total assetsLn 16$188K
Total liabilitiesLn 26$7K
Total net assetsLn 32$182K
Months of cash on handcomputed13.4

Statement of Revenue

Part VIII
Contributions & grants$57K · 73%
Other revenue$21K · 27%
Contributions & grants73%$57K
Other revenue27%$21K
Total revenueLn 12$78K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $120K · Operating expenses (Pt IX) $107K · Less non-cash grants $3K · Cash operating expenses/yr $104K
13.8 months
Where the money goes
Program services
Program services $30K · Total expenses $107K
28%
Management & General
Management & general $77K · Total expenses $107K
72%
Fundraising
Fundraising $0 · Total expenses $107K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $65K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $57K · Total revenue $78K
73%
Government reliance
Government grants — · Total revenue $78K
—
Earned-income share
Program service revenue $0 · Total revenue $78K
0%
Investment reliance
Investment income $0 · Total revenue $78K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $107K
0%
Growth & trend
Revenue growth (YoY)
This year $78K · Prior year $139K
-44%
Net-asset trend (YoY)
End of year $182K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $78K · Expenses $107K
-38%
Liabilities-to-Assets
Total liabilities — · Total assets $188K
—
Net-asset ratio
Net assets $182K · Total assets $188K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $188K
0%
People & payroll
Highest Reported Total Compensation
Individual Robert Brooks JR · Reported title PRESIDENT, TREASURER · Highest reported compensation $0 · Total expenses $107K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $55K · Total expenses $107K
51%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 28%——
Overhead ratio 72%——
Fundraising cost ratio 0%——
Revenue growth -44%——
Investment management fee ratio 0%——
Legal fee ratio 5%——
Accounting fee ratio 12%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President, Treasurer
$0Pt VII · Sec A
Vice President and Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Phantoms Charities executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Mission and programs

Develops children and adults through youth health, fitness, sports, and education programs.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $29K of program spending, described in the organization's own filed words · FY2020.
01

The Downtown Initiative Program contributes to the revitalization of downtown Allentown. This program is designed to support a specific project within the downtown area which supports the Phantoms Charities mission.

$19Kprogram expense
02

The Grants Program empowers other area nonprofit organizations to make a difference in the community by providing grant funding to select Lehigh Valley based 501(c)(3) organizations for education or charitable tax exempt purposes that align closely with the mission statement of Phantoms Charities.

$9Kprogram expense
03

The Adaptive Sled Hockey Program is dedicated to providing local children and youth with mobility challenges the opportunity to play hockey. Through this program, these local youth are provided ice time, equipment (including sleds, sticks, helmets, padding, jerseys), and USA Hockey certified coaching as they enjoy hockey in a respectful…

$1Kprogram expense

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Funders

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$61K
Grants paid · 1 grant · $6K · 2021–2021
The Kindness ProjectPA · FY2021$5,500

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $208K$190K+19% 990 PDF
FY2024 $175K$123K+10% 990 PDF
FY2023 $160K$144K+16% 990 PDF
FY2022 $138K$140K+78% 990 PDF
FY2021 Viewing $78K$107K-44% 990 PDF
FY2020 $139K$179K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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