Retiresafe FY2022 filing

Washington, DC501(c)(4)EIN 48-1108059Revenue $559K in FY2022

On file with the IRSretiresafe.org2020 K St Nw Ste 505, 20006-1901 · Washington, DCTax-exempt since Dec 1991

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Retiresafe is dedicated to preserving the options and benefits of older americans through advocacy, education, and the power of free markets. Our focus is on social security, medicare, health, safer retirement and financial well-being.

75¢ of each $1 spent went to programs.
$135K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
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
2 of 5
filings with a surplus
Average deficit $33K a year · 5% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$135K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $125K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$95K
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$559K
-52% vs prior year
Spent
$623K
To programs
75%
Net assets
$324K
By yearFY2020–FY2024
Revenue
$559K
FY2022▼ -52%
Tap a bar for its year
Revenue by fiscal year
FY2020$975K
FY2021$1.2M
FY2022$559K
FY2023$221K
FY2024$239K
Expenses
$623K
FY2022▼ -46%
Tap a bar for its year
Expenses by fiscal year
FY2020$855K
FY2021$1.2M
FY2022$623K
FY2023$364K
FY2024$322K
Net assets
$324K
FY2022▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$386K
FY2021$388K
FY2022$324K
FY2023$181K
FY2024$99K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1991.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $466K Management & general 14% · $87K Fundraising 11% · $70K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $135K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$135,000Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Mark Gibbons$155,925$148,500$135,000$125,000$121,000

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.

See Retiresafe executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Advocates for older Americans' retirement options and benefits through education and free market principles.

Provided by the organization

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2 programs · $466K · in their own filed words · FY2022
01

Public Education and Grassroots Development

The organization disseminates information to the general public via senior expositions, conferences, internet, social media, grassroots interaction, press releases, articles, research papers, newsletters and public testimony.

$287Kprogram expense
02

Lobbying

The organization engages in grassroots lobbying and direct lobbying of the legislative and executive branches and civilian agencies.

$180Kprogram expense

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$125K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$559K
Ln 12
Gifts and grantsLn 1h$559K
Investment incomeLn 3$36
Money outPt IX
$623K
Ln 25
Programscol B$466K
Managementcol C$87K
Fundraisingcol D$70K
Owns and owesPt X
$324K
net assets · Ln 32
Cash and savingsLn 1–2$291K
Total assetsLn 16$419K
LiabilitiesLn 26$95K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$559K
Investment incomeLn 3$36
Gains on assetsLn 7$0
Total revenueLn 12$559K
Assets in detailPt X, end of year
CashLn 1$170K
SavingsLn 2$121K
Cash and savings togetherLn 1–2$291K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$117K
Total assetsLn 16$419K
LiabilitiesLn 26$95K
Net assetsLn 32$324K
OperationsPt I, VI
EmployeesI 52
VolunteersI 61
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$376K$291K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$390K$419K
LiabilitiesLn 26$2K$95K
Net assetsLn 32$388K$324K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$135K$94K$7K$34K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$20K$20K
Pension plan contributionsLn 8$7K$5K$338$2K
Other employee benefitsLn 9$1K$700$50$250
Payroll taxesLn 10$13K$7K$4K$2K
Management feesLn 11a$0
Legal feesLn 11b$700$700
Accounting feesLn 11c$35K$35K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$24K$24K
Advertising and promotionLn 12$0
Office expensesLn 13$13K$6K$5K$2K
Information technologyLn 14$24K$15K$7K$2K
RoyaltiesLn 15$0
OccupancyLn 16$25K$18K$1K$6K
TravelLn 17$4K$3K$275$1K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$570$570
Other expenses (24a–d)Ln 24$322K$294K$7K$20K
All other expensesLn 24e$0
Total functional expensesLn 25$623K$466K$87K$70K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $239K$322K−$83K$99K 990 PDF
FY2023 $221K$364K−$143K$181K 990 PDF
FY2022 Viewing $559K$623K−$64K$324K 990 PDF
FY2021 $1.2M$1.2M$2K$388K 990 PDF
FY2020 $975K$855K$120K$386K 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
See the full FY2022 990 (6 parts)
Part I · Summary $559,137 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,159,666$559,101
I-9 Program service revenue$0
I-10 Investment incomePrior year $38$36
I-11 Other revenue$0
I-12 Total revenuePrior year $1,159,704$559,137
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $164,538$175,213
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $993,001$447,874
I-18 Total expensesPrior year $1,157,539$623,087
I-19 Revenue less expensesPrior year $2,165−$63,950
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $559,137 across 8 lines filed
VIII-1f All other contributions, gifts and grants$559,101
VIII-1h Total contributions, gifts and grants$559,101
VIII-3 Investment incomeExcluded from tax $36$36
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $36$559,137
Part IX · Statement of functional expenses $623,087 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $94,500 · Management $6,750 · Fundraising $33,750$135,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $19,500$19,500
IX-8 Pension plan contributionsPrograms $4,726 · Management $338 · Fundraising $1,688$6,752
IX-9 Other employee benefitsPrograms $700 · Management $50 · Fundraising $250$1,000
IX-10 Payroll taxesPrograms $6,835 · Management $3,685 · Fundraising $2,441$12,961
IX-11a Management fees$0
IX-11b Legal feesManagement $700$700
IX-11c Accounting feesManagement $34,750$34,750
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $23,675$23,675
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $5,648 · Management $5,234 · Fundraising $1,672$12,554
IX-14 Information technologyPrograms $15,405 · Management $6,730 · Fundraising $2,222$24,357
IX-15 Royalties$0
IX-16 OccupancyPrograms $17,596 · Management $1,257 · Fundraising $6,285$25,138
IX-17 TravelPrograms $2,990 · Management $275 · Fundraising $1,229$4,494
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $570$570
IX-24 Other expenses (24a–d)Programs $294,194 · Management $7,229 · Fundraising $20,213$321,636
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $466,269 · Management $87,068 · Fundraising $69,750$623,087
Part X · Balance sheet $419,196 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $255,589$170,205
X-2 Savings and temporary cash investmentsStart of year $120,773$120,810
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $8,159$8,459
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $5,749$3,057
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$116,665
X-16 Total assetsStart of year $390,270$419,196
X-17 Accounts payable and accrued expensesStart of year $2,460$4,848
X-25 Other liabilities$90,488
X-26 Total liabilitiesStart of year $2,460$95,336
X-27 Net assets without donor restrictionsStart of year $327,810$288,860
X-28 Net assets with donor restrictionsStart of year $60,000$35,000
X-32 Total net assets or fund balancesStart of year $387,810$323,860
X-33 Total liabilities and net assetsStart of year $390,270$419,196
Part XI · Reconciliation of net assets $323,860 net assets at year end
XI-1 Total revenue$559,137
XI-2 Total expenses$623,087
XI-3 Revenue less expenses−$63,950
XI-4 Net assets at start of year$387,810
XI-10 Net assets at end of year$323,860

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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