State International Development Org

Tax-deductible

Lexington, KY501(c)(3)Since 2000EIN 51-0402854Revenue $903K in FY2024

On file with the IRSsidoamerica.org1776 Avenue of the States, 40511-8536 · Lexington, KYTax-exempt since Nov 1993Publicly supported charity — 170(b)(1)(A)(vi)

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education and research

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Run by 14 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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 deficit $19K a year · 4% 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
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Liabilities
$178K
46% of total assets
Looks good: liabilities are 46% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$903K
+41% vs prior year
Spent
$894K
To programs
70%
Net assets
$211K
By yearFY2020–FY2024
Revenue
$903K
FY2024▲ +41%
Tap a bar for its year
Revenue by fiscal year
FY2020$388K
FY2021$219K
FY2022$470K
FY2023$551K
FY2024$641K
FY2024$903K
Expenses
$894K
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$359K
FY2021$188K
FY2022$493K
FY2023$495K
FY2024$827K
FY2024$894K
Net assets
$211K
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$323K
FY2021$355K
FY2022$333K
FY2023$388K
FY2024$201K
FY2024$211K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1993.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $626K Management & general 27% · $241K Fundraising 3% · $27K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Ex-Officio
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See State International Development Org 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

State International Development Org is a nonprofit based in Lexington, KY, formed in 2000.

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Provided by the organization

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1 program · $626K · in their own filed words · FY2024
01

The Washington DC Forum developed for the exchange of information between state trade development officers. Members engaged in sharing innovative ideas and were provided the opportunity to develop the skills of international trade professionals.

$626Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$903K
Ln 12
Gifts and grantsLn 1h$450K
Fees for servicesLn 2g$437K
Investment incomeLn 3$16K
Money outPt IX
$894K
Ln 25
Programscol B$626K
Managementcol C$241K
Fundraisingcol D$27K
Owns and owesPt X
$211K
net assets · Ln 32
Total assetsLn 16$389K
LiabilitiesLn 26$178K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$450K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$437K
Investment incomeLn 3$16K
Total revenueLn 12$903K
Assets in detailPt X, end of year
Other assetsLn 15$369K
Total assetsLn 16$389K
LiabilitiesLn 26$178K
Net assetsLn 32$211K
OperationsPt I, VI
EmployeesI 50
VolunteersI 614
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Total assetsLn 16$372K$389K
LiabilitiesLn 26$171K$178K
Net assetsLn 32$201K$211K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$519K$312K$182K$26K
Office expensesLn 13$30K$18K$12K
Information technologyLn 14$13K$8K$5K$668
OccupancyLn 16$6K$3K$2K$277
TravelLn 17$27K$16K$11K$0
Conferences, conventions and meetingsLn 19$227K$227K
InsuranceLn 23$3K$2K$1K$150
Other expenses (24a–d)Ln 24$68K$40K$29K$0
Total functional expensesLn 25$894K$626K$241K$27K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $641K$827K−$187K$201K 990 PDF
FY2023 $551K$495K$55K$388K 990 PDF
FY2022 $470K$493K−$23K$333K 990 PDF
FY2021 $219K$188K$32K$355K 990 PDF
FY2020 $388K$359K$29K$323K 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 FY2024 990 (6 parts)
Part I · Summary $902,987 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $419,884$449,766
I-9 Program service revenuePrior year $201,345$437,058
I-10 Investment incomePrior year $19,395$16,163
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $640,624$902,987
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $827,305$893,613
I-18 Total expensesPrior year $827,305$893,613
I-19 Revenue less expensesPrior year −$186,681$9,374
Part VI · Governance 14 of 14 board members independent, 2 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
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-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $902,987 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$185,000
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$264,766
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$449,766
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $437,058 · Unrelated business $0 · Excluded from tax $0$437,058
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $16,163$16,163
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $437,058 · Unrelated business $0 · Excluded from tax $16,163$902,987
Part IX · Statement of functional expenses $893,613 across 8 lines filed
IX-11a Management feesPrograms $311,541 · Management $181,732 · Fundraising $25,962$519,235
IX-13 Office expensesPrograms $18,019 · Management $12,013$30,032
IX-14 Information technologyPrograms $8,011 · Management $4,673 · Fundraising $668$13,352
IX-16 OccupancyPrograms $3,323 · Management $1,938 · Fundraising $277$5,538
IX-17 TravelPrograms $16,188 · Management $10,792 · Fundraising $0$26,980
IX-19 Conferences, conventions and meetingsPrograms $227,176$227,176
IX-23 InsurancePrograms $1,800 · Management $1,050 · Fundraising $150$3,000
IX-24 Other expenses (24a–d)Programs $39,508 · Management $28,792 · Fundraising $0$68,300
IX-25 Total functional expensesPrograms $625,566 · Management $240,990 · Fundraising $27,057$893,613
Part X · Balance sheet $389,049 assets, 10 lines filed
X-9 Prepaid expenses and deferred chargesStart of year $3,586$19,644
X-15 Other assetsStart of year $368,421$369,405
X-16 Total assetsStart of year $372,007$389,049
X-17 Accounts payable and accrued expensesStart of year $213$557
X-19 Deferred revenueStart of year $170,375$177,700
X-26 Total liabilitiesStart of year $170,588$178,257
X-27 Net assets without donor restrictionsStart of year $201,419$210,792
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $201,419$210,792
X-33 Total liabilities and net assetsStart of year $372,007$389,049
Part XI · Reconciliation of net assets $210,792 net assets at year end
XI-1 Total revenue$902,987
XI-2 Total expenses$893,613
XI-3 Revenue less expenses$9,374
XI-4 Net assets at start of year$201,419
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$210,792

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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