Greentree Charities FY2020 filing

Tax-deductible

Bethesda, MD501(c)(3)EmploymentEIN 52-1795954

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Our mission is to provide opportunities and experiences that encourage (continued in sch o) independence, choice, and satisfaction for all.

501(c)(3) charity; gifts are tax-deductible.
61¢ of each $1 spent went to programs.
$92K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
1 of 2
filings with a surplus
Average deficit $110K a year · 106% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$92K
to officers and key staff · 32% of spending
Concern: pay to officers and key staff is 32% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $9K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$601K
×40 of total assets
Concern: liabilities are 4000% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$52K
Spent
$288K
To programs
61%
Net assets
−$585K
By yearFY2020–FY2024
Revenue
$52K
FY2020
Revenue by fiscal year
FY2020$52K
FY2021$3K
FY2024$155K
Expenses
$288K
FY2020
Expenses by fiscal year
FY2020$288K
FY2021Not on file
FY2024$140K
Net assets
−$585K
FY2020
Net assets by fiscal year
FY2020−$585K
FY2021−$696K
FY2024−$49K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 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 Aug 1994.

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

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $175K Management & general 39% · $112K

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

3 people listed on the 990; $92K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary
$43,783Pt VII · Sec A
President
$29,882Pt VII · Sec A
Treasurer
$17,932Pt VII · Sec A

Cindy Carter’s $26K as Secretary is at the 37th percentile of top reported officer pay among 1217 $100K–1M 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 · 4 named individuals · Part VII

NameFY2021FY2020
Cindy Carter$26,290$43,783
Peter C Shin—$29,882
Peter C Chin$22,692—
Theodore Shin$15,077$17,932

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 Greentree Charities 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II3 listed

Programs and updates

Offers opportunities and experiences fostering independence, choice, and satisfaction.

Provided by the organization

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2 programs · $175K · in their own filed words · FY2020
01

Ils consultant services

$171Kprogram expense
02

CHSSP supportive living ensures that people we support have access to opportunities for individual, social, recreational and faith activities using community resources. We use discovery methods from person-centered thinking tools to learn about each person's interests, beliefs, culture, preferences, and needs.

$4Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$9K
Grants paid · 4 grants · $135K · 2024–2024

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$52K
Ln 12
Fees for servicesLn 2g$52K
Money outPt IX
$288K
Ln 25
Programscol B$175K
Managementcol C$112K
Owns and owesPt X
−$585K
net assets · Ln 32
Cash and savingsLn 1–2$9K
Total assetsLn 16$15K
LiabilitiesLn 26$601K
PeoplePt VI, VII
3
listed · VII A
PaidVII A3
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$52K
Total revenueLn 12$52K
Assets in detailPt X, end of year
CashLn 1$9K
Cash and savings togetherLn 1–2$9K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$1K
Total assetsLn 16$15K
LiabilitiesLn 26$601K
Net assetsLn 32−$585K
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$34K$9K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$62K$15K
LiabilitiesLn 26$412K$601K
Net assetsLn 32−$350K−$585K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K$2K
Pay of current officers, directors and key staffLn 5$92K$92K
Other salaries and wagesLn 7$109K$109K
Other employee benefitsLn 9$27K$27K
Payroll taxesLn 10$16K$16K
Accounting feesLn 11c$3K$3K
Office expensesLn 13$4K$4K
Information technologyLn 14$2K$2K
InterestLn 20$7K$7K
InsuranceLn 23$18K$18K
Other expenses (24a–d)Ln 24$9K$4K$5K$0
Total functional expensesLn 25$288K$175K$112K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $155K$140K$15K−$49K 990 PDF
FY2023 Not on file
FY2022 Not on file
FY2021 $3K−$696K 990 PDF
FY2020 Viewing $52K$288K−$235K−$585K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $52,500 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $52,500$52,500
VIII-12 Total revenueRelated to mission $52,500 · Unrelated business $0 · Excluded from tax $0$52,500
Part IX · Statement of functional expenses $287,683 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $2,000$2,000
IX-5 Pay of current officers, directors and key staffManagement $91,597$91,597
IX-7 Other salaries and wagesPrograms $108,556$108,556
IX-9 Other employee benefitsPrograms $26,794$26,794
IX-10 Payroll taxesManagement $15,656$15,656
IX-11c Accounting feesPrograms $2,650$2,650
IX-13 Office expensesPrograms $3,845$3,845
IX-14 Information technologyPrograms $1,678$1,678
IX-20 InterestPrograms $7,128$7,128
IX-23 InsurancePrograms $18,383$18,383
IX-24 Other expenses (24a–d)Programs $4,387 · Management $5,009 · Fundraising $0$9,396
IX-25 Total functional expensesPrograms $175,421 · Management $112,262 · Fundraising $0$287,683
Part X · Balance sheet $15,414 assets, 14 lines filed
Asset lines not itemized here account for $5,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $34,497$9,414
X-4 Accounts receivableStart of year $17,500$0
X-9 Prepaid expenses and deferred chargesStart of year $8,973$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $1,000$1,000
X-16 Total assetsStart of year $61,970$15,414
X-17 Accounts payable and accrued expensesStart of year $296,647$313,492
X-19 Deferred revenueStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $200$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $412,265$600,892
X-27 Net assets without donor restrictionsStart of year −$350,295−$585,478
X-32 Total net assets or fund balancesStart of year −$350,295−$585,478
X-33 Total liabilities and net assetsStart of year $61,970$15,414
Part XI · Reconciliation of net assets −$585,478 net assets at year end
XI-1 Total revenue$52,500
XI-2 Total expenses$287,683
XI-3 Revenue less expenses−$235,183
XI-4 Net assets at start of year−$350,295
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$585,478

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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