Spec Labs INC FY2021 filing

Tax-deductible

Sherman Oaks, CA501(c)(3)Human ServicesEIN 47-4785295

To teach and promote art,music,film and production to young people with autism and special needs.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
$95K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $19K a year · 8% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$95K
to officers and key staff · 63% of spending
Concern: pay to officers and key staff is 63% of spending; over 30%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$100
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$168K
+16% vs prior year
Spent
$150K
To programs
97%
Net assets
$48K
By yearFY2020–FY2024
Revenue
$168K
FY2021▲ +16%
Revenue by fiscal year
FY2020$145K
FY2021$168K
FY2022$184K
FY2023$290K
FY2024$442K
Expenses
$150K
FY2021▼ -3%
Expenses by fiscal year
FY2020$155K
FY2021$150K
FY2022$219K
FY2023$224K
FY2024$385K
Net assets
$48K
FY2021▲ +60%
Net assets by fiscal year
FY2020$30K
FY2021$48K
FY2022$14K
FY2023$79K
FY2024$137K

From the FY2021 Form 990 · see the original

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Status and standing

Is it real, and can you give to it?

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)
Legal name (IRS)Hdr · item CSpec Labs INC
EINHdr · item D47-4785295
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFSep 2015
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CSherman Oaks, CA
NTEE classificationIRS BMFHuman Services (P20)
WebsiteHdr · item Jspeclabs.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$146K
Management & general3%$4K
Total functional expensesLn 25$150K

Finances

Money in and out, what it owns and owes

Program efficiency
97%
of spending reaches programs
Months of spending covered by cash
3.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$48K
FY2021▲ +60%
Total assets by fiscal year
FY2020$30K
FY2021$48K
FY2022$14K
FY2023$80K
FY2024$137K
Total liabilities
$100
FY2021
Total liabilities by fiscal year
FY2020$0
FY2021$100
FY2022$200
FY2023$400
FY2024$532
Revenue less expensesPt I · Ln 19$18K
Total assetsPt X · Ln 16$48K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$48K
Total assetsLn 16$48K
Total liabilitiesLn 26$100
Total net assetsLn 32$48K
Months of cash on handcomputed3.9

Statement of Revenue

Part VIII
Contributions & grants$75K · 44%
Program service revenue$68K · 41%
Other revenue$25K · 15%
Contributions & grants44%$75K
Program service revenue41%$68K
Other revenue15%$25K
— government grantsLn 1e$39K
Total revenueLn 12$168K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Months of spending covered by cash
Highly liquid reserves $48K · Operating expenses/yr $150K
3.9 months
Where the money goes
Program services
Program services $146K · Total expenses $150K
97%
Management & General
Management & general $4K · Total expenses $150K
3%
Fundraising
Fundraising $0 · Total expenses $150K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $40K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $75K · Total revenue $168K
44%
Government reliance
Government grants $39K · Total revenue $168K
23%
Earned-income share
Program service revenue $68K · Total revenue $168K
41%
Investment reliance
Investment income $0 · Total revenue $168K
0%
Program self-sufficiency
Program service revenue $68K · Total expenses $150K
45%
Growth & trend
Revenue growth (YoY)
This year $168K · Prior year $145K
+16%
Net-asset trend (YoY)
End of year $48K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $168K · Expenses $150K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $48K
—
Net-asset ratio
Net assets $48K · Total assets $48K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $48K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jason Weissbrod · Reported title President · Highest reported compensation $48K · Total expenses $150K
32%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $104K · Total expenses $150K
69%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 97%——
Overhead ratio 3%——
Fundraising cost ratio 0%——
Revenue growth 16%——
Accounting fee ratio 1%——

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

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$48,500Pt VII · Sec A
$46,500Pt VII · Sec A

Jason Weissbrod’s $75K as President is at the 66th percentile of top reported officer pay among 2168 $100K–1M human services 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

NameFY2024FY2023FY2022FY2021FY2020
Jason Weissbrod$75,275$54,050$45,500$48,500$53,000
Garth Herberg$75,000$55,210$53,000$46,500$61,000

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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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Teaches art, music, film, and production to young people with autism and special needs.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $146K of program spending, described in the organization's own filed words · FY2021.
01

Teaching of music,song writing,recording,film production and acting to 48 young individuals with autism and special needs.

$146Kprogram 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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$2K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $442K$385K+53% 990 PDF
FY2023 $290K$224K+58% 990 PDF
FY2022 $184K$219K+9% 990 PDF
FY2021 Viewing $168K$150K+16% 990 PDF
FY2020 $145K$155K 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

Full filing: Form 990 for FY2021

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $168,486 across 6 lines filed
Lines not itemized here account for $6,350 of total revenue; see the IRS return.
VIII-1e Government grants$38,750
VIII-1f All other contributions, gifts and grants$36,150
VIII-1h Total contributions, gifts and grants$74,900
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$68,375
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $18,861 · Unrelated business $0 · Excluded from tax $0$18,861
VIII-12 Total revenueRelated to mission $93,586 · Unrelated business $0 · Excluded from tax $0$168,486
Part IX · Statement of functional expenses $150,461 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $95,000 · Management $0 · Fundraising $0$95,000
IX-10 Payroll taxesPrograms $8,785 · Management $0 · Fundraising $0$8,785
IX-11c Accounting feesPrograms $0 · Management $1,864 · Fundraising $0$1,864
IX-12 Advertising and promotionPrograms $135 · Management $0 · Fundraising $0$135
IX-13 Office expensesPrograms $563 · Management $0 · Fundraising $0$563
IX-14 Information technologyPrograms $205 · Management $0 · Fundraising $0$205
IX-16 OccupancyPrograms $10,695 · Management $0 · Fundraising $0$10,695
IX-23 InsurancePrograms $0 · Management $515 · Fundraising $0$515
IX-24 Other expenses (24a–d)Programs $30,707 · Management $1,766 · Fundraising $0$32,473
IX-24e All other expensesPrograms $226 · Management $0 · Fundraising $0$226
IX-25 Total functional expensesPrograms $146,316 · Management $4,145 · Fundraising $0$150,461
Part X · Balance sheet $48,280 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $30,155$48,280
X-16 Total assetsStart of year $30,155$48,280
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$100
X-26 Total liabilitiesStart of year $0$100
X-32 Total net assets or fund balancesStart of year $30,155$48,180
X-33 Total liabilities and net assetsStart of year $30,155$48,280
Part XI · Reconciliation of net assets $48,180 net assets at year end
XI-1 Total revenue$168,486
XI-2 Total expenses$150,461
XI-3 Revenue less expenses$18,025
XI-4 Net assets at start of year$30,155
XI-10 Net assets at end of year$48,180

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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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