Snapcap INC EIN 47-1945269 Form 990 (PDF) Claim this org

Snapcap INC FY2021 filing

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Improves healthcare access and quality for needy individuals through member hospital education. For fiscal year 2021 it reported $314K in revenue, $337K in expenses, and $34K in net assets.Pt I

Type
Public charity (501(c)(3)) · Health Care
Location
Buffalo, NY
Website
www.snapcapwny.org
Filings
5 on file (2020–2021)
Revenue
$314KFY2021
Expenses
$337K
Net assets
$34K
People
14
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-1945269 Public charity (501(c)(3)) Buffalo, NY
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Improves healthcare access and quality for needy individuals through member hospital education.
Leadership
Bobbie Hangen · Executive Director (5/21-12/21) · $88K
Money in and out
$314K revenue, $337K expenses
Bottom line
63% program efficiency
Where the money goes · FY2021
Total revenue
$314K
Pt VIII · Ln 12
Total expenses
$337K
Pt IX · Ln 25
Net assets
$34K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$23K
Where spending went · Part IX cols B–D
Program services $0.63 Management & general $0.37
Program efficiency
63%
of spending reaches programs
Operating runway
1.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-7%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$314K
FY2021▼ -18%
Expenses
$337K
FY2021▼ -33%
Total assets
$34K
FY2021▼ -41%
Total liabilities
$0
FY2021
Total revenue
$314K
Pt VIII · Ln 12
Total expenses
$337K
Pt IX · Ln 25
Net assets
$34K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$23K
Total assetsPt X · Ln 16$34K
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSnapcap INC
EINHdr · item D47-1945269
Principal addressHdr · item CBuffalo, NY
WebsiteHdr · item Jwww.snapcapwny.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E60)
Ruling yearIRS BMFFeb 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director (5/21-12/21)
$88,145Pt VII · Sec A
Executive Director (1/21-5/21) Member (5/21-12/21)
$51,081Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kimberlee Hoyt-Folaron’s $73K as Executive Director is at the 58th percentile of top reported officer pay among 1965 $100K–1M 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Brett Lawton$51,081$157,375
Bobbie Hangen$56,349$101,789$97,778$88,145
Kimberlee Hoyt-Folaron$73,254

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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Mission & Programs · Part III

Where the work happens

1 program service account for $213K of program spending, described in the organization's own filed words · FY2021.
01

Snapcap members continued their work together to strengthen the primary care "safety net", the part of the healthcare system which serves the most vulnerable residents in the western new york region.

$213Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$188K · 60%
Contributions & grants$126K · 40%
Program service revenue60%$188K
Contributions & grants40%$126K
Total revenueLn 12$314K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.37
Program services63%$213K
Management & general37%$124K
Total functional expensesLn 25$337K

Balance Sheet

Part X · end of year
CashLn 1$34K
Total assetsLn 16$34K
Total liabilitiesLn 26$0
Total net assetsLn 32$34K
Months of cash on handcomputed1.2

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $34K · Operating expenses/yr $337K
1.2 months
Where the money goes
Program services
Program services $213K · Total expenses $337K
63%
Management & General
Management & general $124K · Total expenses $337K
37%
Fundraising
Fundraising $0 · Total expenses $337K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $213K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $126K · Total revenue $314K
40%
Government reliance
Government grants — · Total revenue $314K
Earned-income share
Program service revenue $188K · Total revenue $314K
60%
Investment reliance
Investment income $0 · Total revenue $314K
0%
Program self-sufficiency
Program service revenue $188K · Total expenses $337K
56%
Growth & trend
Revenue growth (YoY)
This year $314K · Prior year $383K
-18%
Net-asset trend (YoY)
End of year $34K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $314K · Expenses $337K
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $34K
Net-asset ratio
Net assets $34K · Total assets $34K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $34K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Bobbie Hangen · Reported title EXECUTIVE DIRECTOR (5/21-12/21) · Highest reported compensation $88K · Total expenses $337K
26%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $284K · Total expenses $337K
84%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 63%
Overhead ratio 37%
Fundraising cost ratio 0%
Revenue growth -18%
Legal fee ratio 3%
Accounting fee ratio 2%

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 · received and paid
Grants received · FY2021
Total grants receivedfrom 2 funders$75K
Grants paid · 10 grants · $25K · 2020–2020
The Resource CenterFY2020$2,500
Evergreen Health ServicesFY2020$2,500
Neighborhood Health CenterFY2020$2,500
Jericho Road Community Health CenterFY2020$2,500
Aspire of WnyFY2020$2,500
People INC Elmwood Health CenterFY2020$2,500
Universal Primary CareFY2020$2,500
The Chautaqua CenterFY2020$2,500

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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
FY2024 (Latest)$500K revenue · ⤓ 990 PDF
FY2023$325K revenue · ⤓ 990 PDF
FY2022$578K revenue · ⤓ 990 PDF
FY2021$314K revenue · viewing · ⤓ 990 PDF
FY2020$383K revenue · ⤓ 990 PDF

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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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