Time for Change FY2022 filing

Washington, DC · Public charity (501(c)(3)) · Employment

✓ Tax-deductible Latest data FY2022
Revenue
$450K
▲ +63% vs prior year
Spent
$394K
To programs
79%
Net assets
$95K
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
Not on file
Spent on programs?
79% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +63% vs prior year
Legal name (IRS)Hdr · item CTime for Change
EINHdr · item D61-1791698
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJun 2016
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CWashington, DC
NTEE classificationIRS BMFEmployment (J21)
WebsiteHdr · item Jwww.timeforchange-tfc.com

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.21 Fundraising $0.00
Program services79%$312K
Management & general21%$81K
Fundraising$983
Total functional expensesLn 25$394K

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$450K
FY2022▲ +63%
Expenses
$394K
FY2022▲ +37%
Program efficiency
79%
of spending reaches programs
Operating runway
3.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+13%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$172K
FY2022▲ +55%
Total liabilities
$76K
FY2022▲ +6%
Revenue less expensesPt I · Ln 19$56K
Total assetsPt X · Ln 16$172K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 31
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$100K
Total assetsLn 16$172K
Total liabilitiesLn 26$76K
Total net assetsLn 32$95K
Months of cash on handcomputed3.0

Statement of Revenue

Part VIII
Contributions & grants$249K · 55%
Program service revenue$201K · 45%
Contributions & grants55%$249K
Program service revenue45%$201K
Investment income$4
— government grantsLn 1e$249K
Total revenueLn 12$450K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $100K · Operating expenses/yr $394K
3.0 months
Where the money goes
Program services
Program services $312K · Total expenses $394K
79%
Management & General
Management & general $81K · Total expenses $394K
21%
Fundraising
Fundraising $983 · Total expenses $394K
0.2%
Cost to raise $1
Fundraising expense (3-yr avg) $1K · Solicited contributions (3-yr avg) $14K
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $249K · Total revenue $450K
55%
Government reliance
Government grants $249K · Total revenue $450K
55%
Earned-income share
Program service revenue $201K · Total revenue $450K
45%
Investment reliance
Investment income $4 · Total revenue $450K
<0.01%
Program self-sufficiency
Program service revenue $201K · Total expenses $394K
51%
Growth & trend
Revenue growth (YoY)
This year $450K · Prior year $276K
+63%
Net-asset trend (YoY)
End of year $95K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $450K · Expenses $394K
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $172K
—
Net-asset ratio
Net assets $95K · Total assets $172K
56%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $172K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tonya Ridley · Reported title CEO PRESIDENT · Highest reported compensation $69K · Total expenses $394K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $100K · Total expenses $394K
25%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%——
Overhead ratio 21%——
Fundraising cost ratio 0.4%——
Revenue growth 63%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
CEO President
$68,923Pt VII · Sec A

Tonya Ridley’s $62K as CEO President is at the 59th percentile of top reported officer pay among 1216 $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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Tonya Ridley$61,791$90,000$68,923$70,035$36,670

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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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a1
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Works to end crime and homelessness through community programs and support.

Provided by the organization

This section is blank until Time for Change claims this page.

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Mission & Programs · Part III

Where the work happens

2 program services account for $312K of program spending, described in the organization's own filed words · FY2022.
01

Clinical employment education training and consulting through psychotherapy in order to make a difference for people in the greater maryland, virginia and district of columbia 325 individuals benefited during the year

$302Kprogram expense
02

Other Program Expenses- Program Networking

2114, financial charges fees - 1105 utilities - 320 professional fees -6107 total other expenses 9646

$10Kprogram expense

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Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $325K$434K-48% 990 PDF
FY2023 $621K$665K+38% 990 PDF
FY2022 Viewing $450K$394K+63% 990 PDF
FY2021 $276K$287K+64% 990 PDF
FY2020 $169K$180K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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