Changing Perceptions EIN 47-5462125

Changing Perceptions

EIN  47-5462125 Public charity (501(c)(3)) Washington, DC
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Helps formerly incarcerated people rejoin DC communities by addressing reentry barriers.
Leadership
Monte Pollard · Executive Director · $115K
Money in and out
$941K revenue, $680K expenses
Bottom line
72% program efficiency

Helps formerly incarcerated people rejoin DC communities by addressing reentry barriers. For fiscal year 2024 it reported $941K in revenue, $680K in expenses, and $396K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$941K
Pt VIII · Ln 12
Total expenses
$680K
Pt IX · Ln 25
Net assets
$396K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $260K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.21 Fundraising $0.07
Program efficiency
72%
of spending reaches programs▼ -17% vs prior filing year
Operating runway
1.3mo
months of highly liquid reserves at operating expense rate▲ +62% vs prior filing year
Surplus margin
+28%
revenue over expenses, this year▲ +156% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$941K
FY2024▲ +78%
Expenses
$680K
FY2024▲ +44%
Total assets
$442K
FY2024▲ +203%
Total liabilities
$46K
FY2024▲ +352%
Total revenue
$941K
Pt VIII · Ln 12
Total expenses
$680K
Pt IX · Ln 25
Net assets
$396K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$260K
Total assetsPt X · Ln 16$442K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $489K of program spending, described in the organization's own filed words · FY2024.
01

Fighting recidivismat changing perceptions, we are dedicated to breaking the cycle of recidivism by focusing onthree core pillars: economic mobility, social justice, and racial equity. We believe thateveryone, regardless of their past, deserves the chance to thrive.

$489Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChanging Perceptions
EINHdr · item D47-5462125
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCrime & Legal (I40)
Ruling yearIRS BMFJul 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
$115,000Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Monte Pollard’s $115K as Executive Director is at the 86th percentile of top reported officer pay among 1398 $100K–1M crime & legal 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

NameFY2024FY2023FY2022
Monte Pollard$115,000
Monte$105,745$74,601

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 & grants100%$938K
Program service revenue$2K
— government grantsLn 1e$499K
Total revenueLn 12$941K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.21 Fundraising $0.07
Program services72%$489K
Management & general21%$143K
Fundraising7%$48K
Total functional expensesLn 25$680K

Balance Sheet

Part X · end of year
CashLn 1$74K
Total assetsLn 16$442K
Total liabilitiesLn 26$46K
Total net assetsLn 32$396K
Months of cash on handcomputed1.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $74K · Operating expenses/yr $680K
1.3 months
Where the money goes
Program services
Program services $489K · Total expenses $680K
72%
Management & General
Management & general $143K · Total expenses $680K
21%
Fundraising
Fundraising $48K · Total expenses $680K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $16K · Solicited contributions (3-yr avg) $233K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $938K · Total revenue $941K
100%
Government reliance
Government grants $499K · Total revenue $941K
53%
Earned-income share
Program service revenue $2K · Total revenue $941K
0%
Investment reliance
Investment income $0 · Total revenue $941K
0%
Program self-sufficiency
Program service revenue $2K · Total expenses $680K
0%
Growth & trend
Revenue growth (YoY)
This year $941K · Prior year $529K
+78%
Revenue CAGR
FY2020 $178K · FY2024 $941K
+52%
Net-asset trend (YoY)
End of year $396K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $941K · Expenses $680K
+28%
Liabilities-to-Assets
Total liabilities — · Total assets $442K
Net-asset ratio
Net assets $396K · Total assets $442K
90%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $442K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Monte Pollard · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $115K · Total expenses $680K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $125K · Total expenses $680K
18%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 21%
Fundraising cost ratio 5%
Revenue growth 78%
Accounting fee ratio 5%

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 · FY2024
Total grants receivedfrom 2 funders$29K
Grants paid · 1 grant · $109K · 2024–2024
Unitemized GrantFY2024$109,173

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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)$941K revenue · viewing · ⤓ 990 PDF
FY2023$529K revenue · ⤓ 990 PDF
FY2022$261K revenue · ⤓ 990 PDF
FY2021not on file
FY2020$178K 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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