Comserv Foundation Founded by Wayne Williams FY2023 filing

Tax-deductible

Lenoir, NC501(c)(3)Since 1990Human ServicesEIN 56-1717930

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To enhance the lives of persons with disabilities through the support and sponsorship of programs designed to promote community integration and living environments. To provide housing, transportation and other services to persons with disabillities in burke, mcdowell, caldwell, and alexander counties.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$7K 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

FY2023 · 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
5 of 5
filings with a surplus
Average surplus $100K a year · 42% 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
Pay to officers and key staff
$7K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
34 mo
of spending, in cash
Looks good: 34.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$85K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$457K
+148% vs prior year
Spent
$178K
To programs
100%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$457K
FY2023▲ +148%
Revenue by fiscal year
FY2020$187K
FY2021$182K
FY2022$184K
FY2023$457K
FY2024$187K
FY2024$177K
Expenses
$178K
FY2023▲ +46%
Expenses by fiscal year
FY2020$123K
FY2021$143K
FY2022$123K
FY2023$178K
FY2024$132K
FY2024$132K
Net assets
$1.7M
FY2023▲ +16%
Net assets by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$1.5M
FY2023$1.7M
FY2024$1.8M
FY2024$1.9M

From the FY2023 Form 990 (year ending June 2023) · see the original

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Is it real?

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

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% · $178K

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

4 people listed on the 990; $7K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$6,570Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A

Patricia Ward’s $6K as President is at the 3rd percentile of top reported officer pay among 2168 $100K–1M human services 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022
Patricia Ward$6,000$6,570$6,520

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 Comserv Foundation Founded by Wayne Williams 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

Supports handicapped individuals with housing, transportation, and programs for community integration.

Provided by the organization

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1 program service account for $178K of program spending, described in the organization's own filed words · FY2022.
01

To provide housing, transportation and other services to handicapped individuals in burke, mcdowell, and cleveland counties.

$178Kprogram expense

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Funders

Who pays for it.

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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$457K
Ln 12
Investment incomeLn 3$292K
Fees for servicesLn 2g$163K
Gifts and grantsLn 1h$1K
Money outPt IX
$178K
Ln 25
Programscol B$178K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$509K
Total assetsLn 16$1.8M
LiabilitiesLn 26$85K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Fees for servicesLn 2g$163K
Investment incomeLn 3$292K
Gains on assetsLn 7$270K
Total revenueLn 12$457K
Assets in detailPt X, end of year
CashLn 1$509K
Cash and savings togetherLn 1–2$509K
InvestmentsLn 11–13$392K
Land, buildings, equipmentLn 10c$888K
Other assetsLn 15$2K
Total assetsLn 16$1.8M
LiabilitiesLn 26$85K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY23End FY23
Cash and savingsLn 1–2$243K$509K
InvestmentsLn 11–13$316K$392K
Land, buildings, equipmentLn 10c$1.1M$888K
Total assetsLn 16$1.6M$1.8M
LiabilitiesLn 26$154K$85K
Net assetsLn 32$1.5M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$20K$20K
Office expensesLn 13$700$700
OccupancyLn 16$2K$2K
Conferences, conventions and meetingsLn 19$612$612
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$31K$31K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$102K$102K
Total functional expensesLn 25$178K$178K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $187K$132K$56K$1.8M 990 PDF
FY2023 Viewing $457K$178K$278K$1.7M 990 PDF
FY2022 $184K$123K$61K$1.5M 990 PDF
FY2021 $182K$143K$39K$1.4M 990 PDF
FY2020 $187K$123K$64K$1.3M 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $456,524 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,300
VIII-1h Total contributions, gifts and grants$1,300
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $163,200$163,200
VIII-3 Investment incomeExcluded from tax $22,408$22,408
VIII-7 Net gain or loss on sales of assetsRelated to mission $269,616$269,616
VIII-12 Total revenueRelated to mission $432,816 · Unrelated business $0 · Excluded from tax $22,408$456,524
Part IX · Statement of functional expenses $178,427 across 9 lines filed
IX-11c Accounting feesPrograms $6,012$6,012
IX-11g Other fees for servicesPrograms $20,239$20,239
IX-13 Office expensesPrograms $700$700
IX-16 OccupancyPrograms $1,864$1,864
IX-19 Conferences, conventions and meetingsPrograms $612$612
IX-20 InterestPrograms $4,350$4,350
IX-22 Depreciation, depletion and amortizationPrograms $30,518$30,518
IX-23 InsurancePrograms $11,921$11,921
IX-24 Other expenses (24a–d)Programs $102,211$102,211
IX-25 Total functional expensesPrograms $178,427 · Management $0 · Fundraising $0$178,427
Part X · Balance sheet $1,793,176 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $242,811$508,701
X-9 Prepaid expenses and deferred chargesStart of year $2,521$2,672
X-10c Land, buildings and equipment, netStart of year $1,058,287$888,397
X-12 Other securitiesStart of year $316,153$391,685
X-15 Other assetsStart of year $796$1,721
X-16 Total assetsStart of year $1,620,568$1,793,176
X-17 Accounts payable and accrued expensesStart of year $960$235
X-25 Other liabilitiesStart of year $13,667$33,773
X-26 Total liabilitiesStart of year $153,648$85,174
X-27 Net assets without donor restrictionsStart of year $1,466,920$1,708,002
X-32 Total net assets or fund balancesStart of year $1,466,920$1,708,002
X-33 Total liabilities and net assetsStart of year $1,620,568$1,793,176
Part XI · Reconciliation of net assets $1,708,002 net assets at year end
XI-1 Total revenue$456,524
XI-2 Total expenses$178,427
XI-3 Revenue less expenses$278,097
XI-4 Net assets at start of year$1,466,920
XI-5 Net unrealized gains (losses) on investments−$37,015
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,708,002

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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