Tabitha M Devisconti Residential Trust FY2022 filing

Tax-deductible

Farmville, NC501(c)(3)Foundations & GrantmakersEIN 58-1589144Revenue $117K in FY2022

On file with the IRSPo Box 10, 27828-0010 · Farmville, NCTax-exempt since Jan 1985Supporting organization — 509(a)(3)

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Funding charitable organizations

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
$8K 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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FY2022 · 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 $29K a year · 51% 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
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$8K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
28 mo
of spending, in cash
Looks good: 28.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$117K
+112% vs prior year
Spent
$51K
To programs
60%
Net assets
$2.0M
By yearFY2020–FY2024
Revenue
$117K
FY2022▲ +112%
Tap a bar for its year
Revenue by fiscal year
FY2020$23K
FY2021$55K
FY2022$117K
FY2023$29K
FY2024$61K
Expenses
$51K
FY2022▲ +111%
Tap a bar for its year
Expenses by fiscal year
FY2020$237K
FY2021$24K
FY2022$51K
FY2023$89K
FY2024$27K
Net assets
$2.0M
FY2022▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.9M
FY2021$1.9M
FY2022$2.0M
FY2023$1.9M
FY2024$1.9M

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 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 Jan 1985.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $30K Management & general 40% · $21K

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

1 person listed on the 990; $8K paid to officers and key staff.

Part VII, Section A · reportable compensation
$8,475Pt VII · Sec A

Bert S Smith III’s $4K as Trustee is at the 16th percentile of top reported officer pay among 133 <$100K philanthropy & grantmaking 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Randy Walters——$8,475$7,699$11,293
Jenness Randy Walters Deceased—$4,000———
Bert S Smith III$3,500————

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

Provides grants to support charitable work.

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Provided by the organization

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1 program · $30K · in their own filed words · FY2022
01

Funding provided to 13 charitable organizations serving the area. A listing is attached. See schedule a, part 1, line 12g.

$30Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 31 grants · $261K · 2020–2024
East Carolina Council BsaNC · FY2024$1,000
Town of FarmvilleFY2024$500
Girl Scouts of AmericaFY2024$500
Pitt County Schools FchsFY2024$200
Farmville Public LibraryFY2023$13,221
American Red Cross Pitt Co ChapterFY2023$9,916
American Cancer SocietyFY2023$9,916
Girl Scouts of AmericaFY2023$6,816
Farmville Benevolent MinistriesFY2023$6,332
American Lung Assn of NCFY2023$3,305
East Carolina Council BsaNC · FY2023$3,001
Son Set Ministries INCNC · FY2023$3,000
Town of FarmvilleFY2023$500
Friends of Farmville Public LibraryFY2022$6,211
See all 31 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$117K
Ln 12
Investment incomeLn 3$101K
Other incomeLn 4–11$13K
Gifts and grantsLn 1h$2K
Money outPt IX
$51K
Ln 25
Programscol B$30K
Managementcol C$21K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$119K
Total assetsLn 16$2.0M
LiabilitiesLn 26$4K
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Investment incomeLn 3$101K
Other incomeLn 4–11$13K
Gains on assetsLn 7$83K
Total revenueLn 12$117K
Assets in detailPt X, end of year
CashLn 1$92K
SavingsLn 2$27K
Cash and savings togetherLn 1–2$119K
InvestmentsLn 11–13$372K
Land, buildings, equipmentLn 10c$1.5M
Total assetsLn 16$2.0M
LiabilitiesLn 26$4K
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$86K$119K
InvestmentsLn 11–13$313K$372K
Land, buildings, equipmentLn 10c$1.5M$1.5M
Total assetsLn 16$1.9M$2.0M
LiabilitiesLn 26$4K$4K
Net assetsLn 32$1.9M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$30K$30K
Management feesLn 11a$8K$8K
Investment management feesLn 11f$12K$12K
Total functional expensesLn 25$51K$30K$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $61K$27K$33K$1.9M 990 PDF
FY2023 $29K$89K−$60K$1.9M 990 PDF
FY2022 Viewing $117K$51K$66K$2.0M 990 PDF
FY2021 $55K$24K$31K$1.9M 990 PDF
FY2020 $23K$237K−$215K$1.9M 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 FY2022 990 (6 parts)
Part I · Summary $116,910 revenue, 12 lines filed
I-8 Contributions and grants$2,250
I-9 Program service revenue$0
I-10 Investment incomePrior year $38,816$101,493
I-11 Other revenuePrior year $16,265$13,167
I-12 Total revenuePrior year $55,081$116,910
I-13 Grants and similar amounts paidPrior year $1,000$30,237
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $7,699$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $15,328$20,566
I-18 Total expensesPrior year $24,027$50,803
I-19 Revenue less expensesPrior year $31,054$66,107
Part VI · Governance 1 of 1 board members independent, 4 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members1
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $116,910 across 6 lines filed
VIII-1f All other contributions, gifts and grants$2,250
VIII-1h Total contributions, gifts and grants$2,250
VIII-3 Investment incomeExcluded from tax $18,926$18,926
VIII-6 Net rental income or lossExcluded from tax $13,167$13,167
VIII-7 Net gain or loss on sales of assetsExcluded from tax $82,567$82,567
VIII-12 Total revenueExcluded from tax $114,660$116,910
Part IX · Statement of functional expenses $50,803 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $30,237$30,237
IX-11a Management feesManagement $8,475$8,475
IX-11f Investment management feesManagement $12,091$12,091
IX-25 Total functional expensesPrograms $30,237 · Management $20,566 · Fundraising $0$50,803
Part X · Balance sheet $1,968,723 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $70,101$91,828
X-2 Savings and temporary cash investmentsStart of year $15,981$26,687
X-10c Land, buildings and equipment, netStart of year $1,503,934$1,477,936
X-11 Publicly traded securitiesStart of year $312,600$372,272
X-16 Total assetsStart of year $1,902,616$1,968,723
X-25 Other liabilitiesStart of year $3,500$3,500
X-26 Total liabilitiesStart of year $3,500$3,500
X-32 Total net assets or fund balancesStart of year $1,899,116$1,965,223
X-33 Total liabilities and net assetsStart of year $1,902,616$1,968,723
Part XI · Reconciliation of net assets $1,965,223 net assets at year end
XI-1 Total revenue$116,910
XI-2 Total expenses$50,803
XI-3 Revenue less expenses$66,107
XI-4 Net assets at start of year$1,899,116
XI-10 Net assets at end of year$1,965,223

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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