Shred Foundation EIN 47-1612775

Shred Foundation

EIN  47-1612775 Public charity (501(c)(3)) Beacon, NY
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Size
$100K–1M
What they do
Provides programs for underprivileged youth.
Leadership
Danny Hairston · Executive Director · $80K
Money in and out
$122K revenue, $109K expenses
Bottom line
100% program efficiency

Provides programs for underprivileged youth. For fiscal year 2023 it reported $122K in revenue, $109K in expenses, and $28K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$122K
Pt VIII · Ln 12
Total expenses
$109K
Pt IX · Ln 25
Net assets
$28K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $13K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
13.0mo
months of highly liquid reserves at operating expense rate▲ +491% vs prior filing year
Surplus margin
+11%
revenue over expenses, this year▼ -15% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$122K
FY2023▲ +21%
Total revenue
$122K
Pt VIII · Ln 12
Total expenses
$109K
Pt IX · Ln 25
Net assets
$28K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$13K
Total assetsPt X · Ln 16$118K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $109K of program spending, described in the organization's own filed words · FY2022.
01

Programs for underpriveledged youth

$109Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CShred Foundation
EINHdr · item D47-1612775
Principal addressHdr · item CBeacon, NY
WebsiteHdr · item Jwww.shredfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFSep 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$80,385Pt VII · Sec A

Danny Hairston’s $80K as Executive Director is at the 73rd percentile of top reported officer pay among 1984 $100K–1M youth development 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.

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Statement of Revenue

Part VIII
Contributions & grants$94K · 77%
Program service revenue$28K · 23%
Contributions & grants77%$94K
Program service revenue23%$28K
Investment income$1
— government grantsLn 1e$84K
Total revenueLn 12$122K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$109K
Total functional expensesLn 25$109K

Balance Sheet

Part X · end of year
CashLn 1$118K
Total assetsLn 16$118K
Total liabilitiesLn 26$90K
Total net assetsLn 32$28K
Months of cash on handcomputed13.0

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $118K · Operating expenses/yr $109K
13.0 months
Where the money goes
Program services
Program services $109K · Total expenses $109K
100%
Management & General
Management & general $0 · Total expenses $109K
0%
Fundraising
Fundraising $0 · Total expenses $109K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $10K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $94K · Total revenue $122K
77%
Government reliance
Government grants $84K · Total revenue $122K
69%
Earned-income share
Program service revenue $28K · Total revenue $122K
23%
Investment reliance
Investment income $1 · Total revenue $122K
0%
Program self-sufficiency
Program service revenue $28K · Total expenses $109K
26%
Growth & trend
Revenue growth (YoY)
This year $122K · Prior year $101K
+21%
Net-asset trend (YoY)
End of year $28K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $122K · Expenses $109K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $118K
Net-asset ratio
Net assets $28K · Total assets $118K
24%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $118K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Danny Hairston · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $80K · Total expenses $109K
74%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $43K · Total expenses $109K
40%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 21%
Legal 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.

Grants

Schedule I · funders on record
Grants received · FY2024
PatagoniaorgFY2024$15K
Total grants receivedfrom 5 funders$95K
See all 5 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$122K revenue · viewing · ⤓ 990 PDF
FY2022not on file
FY2021$101K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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