Taly Foundation INC

IRS exemption revoked

Framingham, MAUnknown exempt organizationEIN 46-4388168

To provide financial aid to underserved children in order to meet a variety of needs and make possible their successful participation in early childhood education.

35¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $18K a year · 21% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
35%
of spending
Concern: 35% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $112
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$525
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 7 voting members
Looks good: 5 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$75K
-19% vs prior year
Spent
$91K
To programs
35%
Net assets
$22K
By yearFY2020–FY2021
Revenue
$75K
FY2021▼ -19%
Revenue by fiscal year
FY2020$92K
FY2021$75K
Expenses
$91K
FY2021▼ -18%
Expenses by fiscal year
FY2020$111K
FY2021$91K
Net assets
$22K
FY2021▼ -22%
Net assets by fiscal year
FY2020$28K
FY2021$22K

From the FY2021 Form 990 (year ending June 2021) · see the original

IRS revoked this organization's tax-exempt status on November 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Where the money goes

35 cents of each dollar spent went to programs.

Program services 35% · $32K Management & general 64% · $58K Fundraising 0% · $186

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President & Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Taly 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 15aYes

Programs and updates

Offers financial aid to help underserved children succeed in early childhood education.

Provided by the organization

This section is blank until Taly Foundation INC claims this page.

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1 program service account for $32K of program spending, described in the organization's own filed words · FY2020.
01

Payments are made to or on behalf of underserved children in need of financial assistance for better education opportunities.

$32Kprogram expense

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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 · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$112
Grants paid · 3 grants · $58K · 2019–2020
Suburban Child LLCFY2020$16,089
Suburban Child LLCFY2019$27,086

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$75K
Ln 12
Gifts and grantsLn 1h$57K
Other incomeLn 4–11$15K
Investment incomeLn 3$3K
Money outPt IX
$91K
Ln 25
Programscol B$32K
Managementcol C$58K
Fundraisingcol D$186
Owns and owesPt X
$22K
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$22K
LiabilitiesLn 26$525
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$57K
Noncash giftsLn 1g−$8K
Investment incomeLn 3$3K
Other incomeLn 4–11$15K
Gains on assetsLn 7$3K
Total revenueLn 12$75K
Assets in detailPt X, end of year
CashLn 1$2K
Cash and savings togetherLn 1–2$2K
InvestmentsLn 11–13$14K
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$2K
Total assetsLn 16$22K
LiabilitiesLn 26$525
Net assetsLn 32$22K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$9K$2K
InvestmentsLn 11–13$16K$14K
Land, buildings, equipmentLn 10c$3K$2K
Total assetsLn 16$30K$22K
LiabilitiesLn 26$2K$525
Net assetsLn 32$28K$22K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$31K$31K
Accounting feesLn 11c$13K$13K
Other fees for servicesLn 11g$1K$1K
Office expensesLn 13$223$223
OccupancyLn 16$36K$36K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$6K$6K$186
All other expensesLn 24e$389$389
Total functional expensesLn 25$91K$32K$58K$186

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $75K$91K−$16K$22K 990 PDF
FY2020 $92K$111K−$19K$28K 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 $74,604 across 8 lines filed
VIII-1f All other contributions, gifts and grants$56,805
VIII-1g Noncash contributions (included above)−$7,976
VIII-1h Total contributions, gifts and grants$56,805
VIII-3 Investment incomeExcluded from tax $393$393
VIII-6 Net rental income or lossRelated to mission $13,575$13,575
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,886$2,886
VIII-8 Net income from fundraising eventsExcluded from tax $945$945
VIII-12 Total revenueRelated to mission $13,575 · Unrelated business $0 · Excluded from tax $4,224$74,604
Part IX · Statement of functional expenses $90,722 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $31,089$31,089
IX-11c Accounting feesManagement $12,989$12,989
IX-11g Other fees for servicesPrograms $1,050$1,050
IX-13 Office expensesManagement $223$223
IX-16 OccupancyManagement $36,172$36,172
IX-22 Depreciation, depletion and amortizationManagement $1,241$1,241
IX-23 InsuranceManagement $1,591$1,591
IX-24 Other expenses (24a–d)Management $5,792 · Fundraising $186$5,978
IX-24e All other expensesManagement $389$389
IX-25 Total functional expensesPrograms $32,139 · Management $58,397 · Fundraising $186$90,722
Part X · Balance sheet $22,366 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $8,746$1,860
X-4 Accounts receivableStart of year $400$2,525
X-9 Prepaid expenses and deferred chargesStart of year $300$300
X-10c Land, buildings and equipment, netStart of year $2,747$1,506
X-12 Other securitiesStart of year $15,820$13,775
X-15 Other assetsStart of year $2,400$2,400
X-16 Total assetsStart of year $30,413$22,366
X-17 Accounts payable and accrued expensesStart of year $1,865$0
X-25 Other liabilitiesStart of year $525$525
X-26 Total liabilitiesStart of year $2,390$525
X-27 Net assets without donor restrictionsStart of year $3,023−$3,159
X-28 Net assets with donor restrictionsStart of year $25,000$25,000
X-32 Total net assets or fund balancesStart of year $28,023$21,841
X-33 Total liabilities and net assetsStart of year $30,413$22,366
Part XI · Reconciliation of net assets $21,841 net assets at year end
XI-1 Total revenue$74,604
XI-2 Total expenses$90,722
XI-3 Revenue less expenses−$16,118
XI-4 Net assets at start of year$28,023
XI-5 Net unrealized gains (losses) on investments$1,959
XI-6 Donated services and use of facilities$7,977
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$21,841

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

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