Schip INC

Tax-deductible

Shelburne, VT501(c)(3)Human ServicesEIN 51-0482552Revenue $702K in FY2025

On file with the IRSschipstreasure.org5404 Shelburne Rd, 05482-7244 · Shelburne, VTTax-exempt since Dec 2004Publicly supported charity — 170(b)(1)(A)(vi)

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Providing grants to improve lives.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 18 volunteers and 8 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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 $53K a year · 10% 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$702K
+20% vs prior year
Spent
$653K
To programs
100%
Net assets
$538K
By yearFY2021–FY2025
Revenue
$702K
FY2025▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2021$310K
FY2022$425K
FY2023$532K
FY2024$585K
FY2025$702K
Expenses
$653K
FY2025▲ +25%
Tap a bar for its year
Expenses by fiscal year
FY2021$288K
FY2022$377K
FY2023$453K
FY2024$521K
FY2025$653K
Net assets
$538K
FY2025▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2021$238K
FY2022$268K
FY2023$368K
FY2024$469K
FY2025$538K

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2004.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $653K

Form 990 Part IX, line 25. 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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Grants Committee
$0Pt VII · Sec A
Outreach Selection Committee
$0Pt VII · Sec A
$0Pt VII · Sec A
Operations Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Publicity Chair
$0Pt VII · Sec A
Maintenance Chair
$0Pt VII · Sec A
Outreach Selection Committee
$0Pt VII · Sec A
See Schip INC 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

Grants improve lives through community support and development.

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Provided by the organization

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1 program · $653K · in their own filed words · FY2024
01

Nine local faith communities working together to raise funds for grants to improve the lives of our neighbors and the strength of our communities. They organized and operate a used clothing facility. They recieve donations of items and resell the items.

$653Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$702K
Ln 12
Gifts and grantsLn 1h$349K
Fees for servicesLn 2g$349K
Investment incomeLn 3$4K
Money outPt IX
$653K
Ln 25
Programscol B$653K
Owns and owesPt X
$538K
net assets · Ln 32
Cash and savingsLn 1–2$84K
Total assetsLn 16$542K
LiabilitiesLn 26$3K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$349K
Government grantsLn 1e$0
Noncash giftsLn 1g$349K
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$349K
Investment incomeLn 3$4K
Total revenueLn 12$702K
Assets in detailPt X, end of year
CashLn 1$64K
SavingsLn 2$21K
Cash and savings togetherLn 1–2$84K
InvestmentsLn 11–13$453K
Land, buildings, equipmentLn 10c$426
Total assetsLn 16$542K
LiabilitiesLn 26$3K
Net assetsLn 32$538K
OperationsPt I, VI
EmployeesI 58
VolunteersI 618
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 FY25End FY25
Cash and savingsLn 1–2$88K$84K
InvestmentsLn 11–13$382K$453K
Land, buildings, equipmentLn 10c$695$426
Total assetsLn 16$472K$542K
LiabilitiesLn 26$3K$3K
Net assetsLn 32$469K$538K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$108K$108K
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$112K$112K$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$4K$4K$0$0
Payroll taxesLn 10$9K$9K$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$494$494$0$0
Accounting feesLn 11c$1K$1K$0$0
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$16K$16K
Information technologyLn 14$3K$3K
OccupancyLn 16$26K$26K
TravelLn 17$102$102
Depreciation, depletion and amortizationLn 22$269$269
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$365K$365K$0$0
Total functional expensesLn 25$653K$653K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $702K$653K$49K$538K 990 PDF
FY2024 $585K$521K$64K$469K 990 PDF
FY2023 $532K$453K$80K$368K 990 PDF
FY2022 $425K$377K$48K$268K 990 PDF
FY2021 $310K$288K$22K$238K 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 FY2025 990 (6 parts)
Part I · Summary $702,048 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $293,102$349,263
I-9 Program service revenuePrior year $292,167$348,871
I-10 Investment incomePrior year $13$3,914
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $585,282$702,048
I-13 Grants and similar amounts paidPrior year $76,258$108,137
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $79,865$125,517
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $364,818$419,830
I-18 Total expensesPrior year $520,941$653,484
I-19 Revenue less expensesPrior year $64,341$48,564
Part VI · Governance 17 of 17 board members independent, 1 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
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 $702,048 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$349,263
VIII-1g Noncash contributions (included above)$348,871
VIII-1h Total contributions, gifts and grants$349,263
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $348,871 · Unrelated business $0 · Excluded from tax $0$348,871
VIII-3 Investment incomeRelated to mission $3,914 · Unrelated business $0 · Excluded from tax $0$3,914
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $352,785 · Unrelated business $0 · Excluded from tax $0$702,048
Part IX · Statement of functional expenses $653,484 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $108,137$108,137
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $112,342 · Management $0 · Fundraising $0$112,342
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $3,754 · Management $0 · Fundraising $0$3,754
IX-10 Payroll taxesPrograms $9,421 · Management $0 · Fundraising $0$9,421
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $494 · Management $0 · Fundraising $0$494
IX-11c Accounting feesPrograms $1,100 · Management $0 · Fundraising $0$1,100
IX-11g Other fees for servicesPrograms $1,628$1,628
IX-12 Advertising and promotionPrograms $1,701$1,701
IX-13 Office expensesPrograms $16,238$16,238
IX-14 Information technologyPrograms $3,312$3,312
IX-16 OccupancyPrograms $25,827$25,827
IX-17 TravelPrograms $102$102
IX-22 Depreciation, depletion and amortizationPrograms $269$269
IX-23 InsurancePrograms $4,538$4,538
IX-24 Other expenses (24a–d)Programs $364,621 · Management $0 · Fundraising $0$364,621
IX-25 Total functional expensesPrograms $653,484 · Management $0 · Fundraising $0$653,484
Part X · Balance sheet $541,581 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $87,958$63,888
X-2 Savings and temporary cash investmentsStart of year $113$20,555
X-9 Prepaid expenses and deferred chargesStart of year $1,200$3,326
X-10c Land, buildings and equipment, netStart of year $695$426
X-12 Other securitiesStart of year $382,160$453,386
X-16 Total assetsStart of year $472,126$541,581
X-17 Accounts payable and accrued expensesStart of year $2,728$2,407
X-19 Deferred revenueStart of year $761$746
X-26 Total liabilitiesStart of year $3,489$3,153
X-32 Total net assets or fund balancesStart of year $468,637$538,428
X-33 Total liabilities and net assetsStart of year $472,126$541,581
Part XI · Reconciliation of net assets $538,428 net assets at year end
XI-1 Total revenue$702,048
XI-2 Total expenses$653,484
XI-3 Revenue less expenses$48,564
XI-4 Net assets at start of year$468,637
XI-5 Net unrealized gains (losses) on investments$21,227
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$0
XI-10 Net assets at end of year$538,428

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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