Fayco Enterprises INC FY2021 filing

Tax-deductible

Vandalia, IL501(c)(3)Since 1975EmploymentEIN 51-0141475Revenue $6.4M in FY2021

On file with the IRSfayco.org1313 Sunset Dr, 62471-3212 · Vandalia, ILTax-exempt since Aug 1975Publicly supported charity — 170(b)(1)(A)(vi)

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To provide training, rehabilitative, and residential services for individuals with disabilities living in the surrounding area.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$132K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $413K a year · 6% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$132K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.2M
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.4M
Spent
$5.5M
To programs
87%
Net assets
$3.9M
By yearFY2021–FY2025
Revenue
$6.4M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$6.4M
FY2022$5.8M
FY2023$6.6M
FY2024$6.7M
FY2025$7.8M
Expenses
$5.5M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$5.5M
FY2022$5.7M
FY2023$6.1M
FY2024$6.6M
FY2025$7.5M
Net assets
$3.9M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$3.9M
FY2022$4.1M
FY2023$4.5M
FY2024$4.7M
FY2025$5.0M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1975.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $4.8M Management & general 13% · $710K

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

17 people listed on the 990; $132K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Dir.
$67,616Pt VII · Sec A
Dir of Finance
$64,341Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kim Taylor’s $106K as Executive Dir. is at the 32nd percentile of top reported officer pay among 1245 $1–10M employment 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

NameFY2025FY2024FY2023FY2022FY2021
Kim Taylor$106,398$98,897$95,352$81,020$67,616
Sherry Hicks$86,223$81,674$78,948$70,447$64,341

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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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

Offers training, rehab, and housing for local individuals with disabilities.

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Provided by the organization

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3 programs · $4.8M · in their own filed words · FY2020
01

Community integrated living-a residential alternative to which affords a set of services, unique to the individual, to ensure that an appropriate residential option is open to each developmentally disabled adult. This program provided care for the participants for 365 days of the year.

$2.6Mprogram expense
02

Community day services-this program is open to developmentally disabled adults, based upon availability of funding and program capacity. Services are designed for an array of ability and skill level ranging from; 1) individuals with the most significant disability who may enjoy a program with an emphasis on in-house and community…

$1.9Mprogram expense
03

Community EMPLOYMENT/WORK partners-this program is a cooperative effort between the industrial and rehabilitation communities to find competitive employment opportunities for a qualified disabled worker and help ensure their success on the job.

$188Kprogram 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$3K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$6.4M
Ln 12
Fees for servicesLn 2g$5.2M
Gifts and grantsLn 1h$1.2M
Other incomeLn 4–11$41K
Money outPt IX
$5.5M
Ln 25
Programscol B$4.8M
Managementcol C$710K
Owns and owesPt X
$3.9M
net assets · Ln 32
Cash and savingsLn 1–2$990K
Total assetsLn 16$5.0M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
17
listed · VII A
PaidVII A2
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$1.1M
Fees for servicesLn 2g$5.2M
Investment incomeLn 3$6K
Other incomeLn 4–11$41K
Gains on assetsLn 7−$632
Total revenueLn 12$6.4M
Assets in detailPt X, end of year
SavingsLn 2$990K
Cash and savings togetherLn 1–2$990K
Land, buildings, equipmentLn 10c$3.0M
Total assetsLn 16$5.0M
LiabilitiesLn 26$1.2M
Net assetsLn 32$3.9M
OperationsPt I, VI
EmployeesI 5242
VolunteersI 615
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$1.7M$990K
Land, buildings, equipmentLn 10c$3.1M$3.0M
Total assetsLn 16$5.2M$5.0M
LiabilitiesLn 26$2.3M$1.2M
Net assetsLn 32$2.9M$3.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$148K$18K$129K
Other salaries and wagesLn 7$3.2M$2.8M$422K
Other employee benefitsLn 9$425K$370K$55K
Payroll taxesLn 10$251K$219K$33K
Accounting feesLn 11c$19K$16K$3K
Other fees for servicesLn 11g$43K$37K$6K
Advertising and promotionLn 12$4K$3K$222
OccupancyLn 16$297K$280K$17K
TravelLn 17$135K$133K$1K
Conferences, conventions and meetingsLn 19$10K$9K$605
InterestLn 20$38K$36K$2K
Depreciation, depletion and amortizationLn 22$415K$395K$21K
InsuranceLn 23$27K$25K$2K
Other expenses (24a–d)Ln 24$428K$409K$18K
All other expensesLn 24e$17K$16K$1K
Total functional expensesLn 25$5.5M$4.8M$710K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $7.8M$7.5M$292K$5.0M 990 PDF
FY2024 $6.7M$6.6M$160K$4.7M 990 PDF
FY2023 $6.6M$6.1M$472K$4.5M 990 PDF
FY2022 $5.8M$5.7M$182K$4.1M 990 PDF
FY2021 Viewing $6.4M$5.5M$959K$3.9M 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 FY2021 990 (6 parts)
Part I · Summary $6,435,848 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $101,782$1,164,410
I-9 Program service revenuePrior year $5,978,554$5,224,738
I-10 Investment incomePrior year $3,554$5,863
I-11 Other revenuePrior year $28,792$40,837
I-12 Total revenuePrior year $6,112,682$6,435,848
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,074,380$4,045,294
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,620,020$1,431,651
I-18 Total expensesPrior year $5,694,400$5,476,945
I-19 Revenue less expensesPrior year $418,282$958,903
Part VI · Governance 16 of 16 board members independent, 1 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
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 $6,435,848 across 9 lines filed
VIII-1e Government grants$1,146,088
VIII-1f All other contributions, gifts and grants$18,322
VIII-1h Total contributions, gifts and grants$1,164,410
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,224,738$5,224,738
VIII-3 Investment incomeExcluded from tax $6,495$6,495
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$632−$632
VIII-8 Net income from fundraising eventsExcluded from tax $3,575$3,575
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $37,262$37,262
VIII-12 Total revenueRelated to mission $5,262,000 · Unrelated business $0 · Excluded from tax $9,438$6,435,848
Part IX · Statement of functional expenses $5,476,945 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $18,453 · Management $129,173$147,626
IX-7 Other salaries and wagesPrograms $2,799,104 · Management $421,936$3,221,040
IX-9 Other employee benefitsPrograms $370,300 · Management $54,870$425,170
IX-10 Payroll taxesPrograms $218,669 · Management $32,789$251,458
IX-11c Accounting feesPrograms $15,929 · Management $2,580$18,509
IX-11g Other fees for servicesPrograms $37,387 · Management $6,018$43,405
IX-12 Advertising and promotionPrograms $3,472 · Management $222$3,694
IX-16 OccupancyPrograms $280,128 · Management $16,550$296,678
IX-17 TravelPrograms $133,352 · Management $1,156$134,508
IX-19 Conferences, conventions and meetingsPrograms $9,471 · Management $605$10,076
IX-20 InterestPrograms $35,570 · Management $1,963$37,533
IX-22 Depreciation, depletion and amortizationPrograms $394,574 · Management $20,894$415,468
IX-23 InsurancePrograms $25,301 · Management $1,615$26,916
IX-24 Other expenses (24a–d)Programs $409,255 · Management $18,297$427,552
IX-24e All other expensesPrograms $16,289 · Management $1,023$17,312
IX-25 Total functional expensesPrograms $4,767,254 · Management $709,691 · Fundraising $0$5,476,945
Part X · Balance sheet $5,034,758 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,700,146$989,884
X-4 Accounts receivableStart of year $264,039$924,896
X-9 Prepaid expenses and deferred chargesStart of year $124,333$123,536
X-10c Land, buildings and equipment, netStart of year $3,083,882$2,996,442
X-16 Total assetsStart of year $5,172,400$5,034,758
X-17 Accounts payable and accrued expensesStart of year $271,978$403,032
X-19 Deferred revenueStart of year $19,408$15,483
X-26 Total liabilitiesStart of year $2,257,165$1,160,620
X-27 Net assets without donor restrictionsStart of year $2,915,235$3,870,346
X-28 Net assets with donor restrictions$3,792
X-32 Total net assets or fund balancesStart of year $2,915,235$3,874,138
X-33 Total liabilities and net assetsStart of year $5,172,400$5,034,758
Part XI · Reconciliation of net assets $3,874,138 net assets at year end
XI-1 Total revenue$6,435,848
XI-2 Total expenses$5,476,945
XI-3 Revenue less expenses$958,903
XI-4 Net assets at start of year$2,915,235
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,874,138

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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