Needs INC FY2020 filing

IRS exemption revoked

Hattiesburg, MSUnknown exempt organization EIN 64-0715234Revenue $379K in FY2020

On file with the IRSPo Box 15861 · Hattiesburg, MS

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Served low income parents with daycare services.

100¢ of each $1 spent went to programs.
$2K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $6K a year · 1% 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
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
$2K
to officers and key staff · 0.5% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
<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
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$379K
Spent
$390K
To programs
100%
Net assets
$31K
By yearFY2020–FY2021
Revenue
$379K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$379K
FY2021$548K
Expenses
$390K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$390K
FY2021$526K
Net assets
$31K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$31K
FY2021$52K

From the FY2020 Form 990 · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2025
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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% · $388K Management & general 0% · $1K

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

6 people listed on the 990; $2K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$1,920Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Needs 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

Provided affordable daycare for low-income families.

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Provided by the organization

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1 program · $390K · in their own filed words · FY2020
01

Provided childcare services to low income families.

$390Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$379K
Ln 12
Fees for servicesLn 2g$350K
Gifts and grantsLn 1h$29K
Investment incomeLn 3$4
Money outPt IX
$390K
Ln 25
Programscol B$388K
Managementcol C$1K
Owns and owesPt X
$31K
net assets · Ln 32
Cash and savingsLn 1–2$13K
Total assetsLn 16$31K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$29K
Government grantsLn 1e$29K
Fees for servicesLn 2g$350K
Investment incomeLn 3$4
Total revenueLn 12$379K
Assets in detailPt X, end of year
CashLn 1$13K
Cash and savings togetherLn 1–2$13K
Total assetsLn 16$31K
LiabilitiesLn 26$0
Net assetsLn 32$31K
OperationsPt I, VI
EmployeesI 525
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2K$13K
Total assetsLn 16$41K$31K
LiabilitiesLn 26$0$0
Net assetsLn 32$41K$31K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$172K$172K
Payroll taxesLn 10$19K$19K
Office expensesLn 13$1K$1K
OccupancyLn 16$118K$118K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$68K$68K
Total functional expensesLn 25$390K$388K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $548K$526K$22K$52K 990 PDF
FY2020 Viewing $379K$390K−$11K$31K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $378,989 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $201,271$29,042
I-9 Program service revenuePrior year $203,003$349,943
I-10 Investment incomePrior year $48$4
I-11 Other revenue$0
I-12 Total revenuePrior year $404,322$378,989
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $192,971$191,141
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $221,693$198,567
I-18 Total expensesPrior year $414,664$389,708
I-19 Revenue less expensesPrior year −$10,342−$10,719
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $378,989 across 5 lines filed
VIII-1e Government grants$29,042
VIII-1h Total contributions, gifts and grants$29,042
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $349,943$349,943
VIII-3 Investment incomeRelated to mission $4$4
VIII-12 Total revenueRelated to mission $349,947$378,989
Part IX · Statement of functional expenses $389,708 across 6 lines filed
IX-7 Other salaries and wagesPrograms $171,742$171,742
IX-10 Payroll taxesPrograms $19,399$19,399
IX-13 Office expensesManagement $1,275$1,275
IX-16 OccupancyPrograms $117,671$117,671
IX-23 InsurancePrograms $11,229$11,229
IX-24 Other expenses (24a–d)Programs $68,392$68,392
IX-25 Total functional expensesPrograms $388,433 · Management $1,275 · Fundraising $0$389,708
Part X · Balance sheet $30,562 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $2,100$12,665
X-3 Pledges and grants receivableStart of year $39,181$17,897
X-16 Total assetsStart of year $41,281$30,562
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $41,281$30,562
X-32 Total net assets or fund balancesStart of year $41,281$30,562
X-33 Total liabilities and net assetsStart of year $41,281$30,562
Part XI · Reconciliation of net assets $30,562 net assets at year end
XI-1 Total revenue$378,989
XI-2 Total expenses$389,708
XI-3 Revenue less expenses−$10,719
XI-4 Net assets at start of year$41,281
XI-10 Net assets at end of year$30,562

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

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