48in48 INC EIN 47-4617193 Form 990 (PDF) Claim this org

48in48 INC

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Empowers volunteers to build websites for nonprofits, creating positive change globally. For fiscal year 2024 it reported $310K in revenue, $296K in expenses, and $146K in net assets.Pt I

Type
Public charity (501(c)(3)) · Science & Technology
Location
Atlanta, GA
Filings
5 on file (2020–2024)
Revenue
$310KFY2024
Expenses
$296K
Net assets
$146K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-4617193 Public charity (501(c)(3)) Atlanta, GA
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers volunteers to build websites for nonprofits, creating positive change globally.
Leadership
Jeff Hilimire · Board Chair
Money in and out
$310K revenue, $296K expenses
Bottom line
84% program efficiency
Where the money goes · FY2024
Total revenue
$310K
Pt VIII · Ln 12
Total expenses
$296K
Pt IX · Ln 25
Net assets
$146K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $15K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.16
Program efficiency
84%
of spending reaches programs-0.1% vs prior filing year
Operating runway
6.4mo
months of highly liquid reserves at operating expense rate▲ +21% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▲ +511% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$310K
FY2024▼ -4%
Expenses
$296K
FY2024▼ -9%
Total assets
$157K
FY2024▲ +9%
Total liabilities
$11K
FY2024▼ -12%
Total revenue
$310K
Pt VIII · Ln 12
Total expenses
$296K
Pt IX · Ln 25
Net assets
$146K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$15K
Total assetsPt X · Ln 16$157K
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $249K of program spending, described in the organization's own filed words · FY2024.
01

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$249Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item C48in48 INC
EINHdr · item D47-4617193
Principal addressHdr · item CAtlanta, GA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFScience & Technology (U19)
Ruling yearIRS BMFMar 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A

Sima Parekh’s $102K as Excutive Director is at the 69th percentile of top reported officer pay among 311 $100K–1M science & technology 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 · 2 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Sima Parekh$101,921
Sima Parekh$60,000$57,490$24,000

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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Statement of Revenue

Part VIII
Contributions & grants$198K · 64%
Program service revenue$113K · 36%
Contributions & grants64%$198K
Program service revenue36%$113K
Total revenueLn 12$310K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.16
Program services84%$249K
Management & general16%$47K
Total functional expensesLn 25$296K

Balance Sheet

Part X · end of year
CashLn 1$157K
Total assetsLn 16$157K
Total liabilitiesLn 26$11K
Total net assetsLn 32$146K
Months of cash on handcomputed6.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $157K · Operating expenses/yr $296K
6.4 months
Where the money goes
Program services
Program services $249K · Total expenses $296K
84%
Management & General
Management & general $47K · Total expenses $296K
16%
Fundraising
Fundraising $0 · Total expenses $296K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $189K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $198K · Total revenue $310K
64%
Government reliance
Government grants — · Total revenue $310K
Earned-income share
Program service revenue $113K · Total revenue $310K
36%
Investment reliance
Investment income $0 · Total revenue $310K
0%
Program self-sufficiency
Program service revenue $113K · Total expenses $296K
38%
Growth & trend
Revenue growth (YoY)
This year $310K · Prior year $322K
-4%
Revenue CAGR
FY2020 $323K · FY2024 $310K
-1.0%
Net-asset trend (YoY)
End of year $146K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $310K · Expenses $296K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $157K
Net-asset ratio
Net assets $146K · Total assets $157K
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $157K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jeff Hilimire · Reported title BOARD CHAIR · Highest reported compensation $0 · Total expenses $296K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $219K · Total expenses $296K
74%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 16%
Fundraising cost ratio 0%
Revenue growth -4%
Accounting fee ratio 3%

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
See all 4 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
FY2024 (Latest)$310K revenue · viewing · ⤓ 990 PDF
FY2023$322K revenue · ⤓ 990 PDF
FY2022$248K revenue · ⤓ 990 PDF
FY2021$216K revenue · ⤓ 990 PDF
FY2020$323K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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