Excel INC FY2023 filing

EIN 64-0801905 Public charity (501(c)(3)) Okolona, MS
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Revenue & expenses by yearFY2020–FY2024
Revenue
$332K
FY2023▼ -28%
Expenses
$481K
FY2023▼ -38%

Form 990 for the fiscal year ending September 2023 (IRS tax year 2022).


Promotes education, welfare, and community involvement for adults and children. For fiscal year 2023 it reported $332K in revenue, $481K in expenses, and $1.3M in net assets.Pt I

Founded
1988
Type
Public charity (501(c)(3)) · Nonprofit
Location
Okolona, MS
Website
excelcommons.com
Filings
5 on file (2020–2023)
Revenue
$332KFY2023
Expenses
$481K
Net assets
$1.3M
People
7
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Provided by the organization

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Size
$100K–1M
What they do
Promotes education, welfare, and community involvement for adults and children.
Leadership
Nancy Schreck · Recording Sec'y · $26K
Money in and out
$332K revenue, $481K expenses
Bottom line
95% program efficiency

What Funders Ask

From IRS filings

Tax-deductible?

good Yes

Per the IRS master file. Details →

Can I give now?

good No revocation on IRS record

Not on the IRS revocation list. Details →

Filing up to date?

good Filed FY2024 (typical filing lag)

Details →

Foundation funders?

good 1 funder — United Way of Northeast Mississippi INC

$10K in the latest grant year. Details →

Spent on programs?

good 95% to programs

Form 990 Part IX, latest filing. Details →

Size and trend

$100K–1M

↓ -28% vs prior year Details →

Where the money goes · FY2023
Total revenue
$332K
Pt VIII · Ln 12
Total expenses
$481K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$149K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.04 Fundraising $0.01
Program efficiency
95%
of spending reaches programs
Operating runway
18.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-45%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$1.3M
FY2023▼ -9%
Total liabilities
$30K
FY2023▲ +101%
Revenue less expensesPt I · Ln 19−$149K
Total assetsPt X · Ln 16$1.3M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CExcel INC
EINHdr · item D64-0801905
Principal addressHdr · item COkolona, MS
WebsiteHdr · item Jexcelcommons.com
Year of formationHdr · item L1988
State of legal domicileHdr · item MMS
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFDec 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
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

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Recording Sec'y
$26,000Pt VII · Sec A
Executive Dir.
$19,500Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Nancy Schreck$26,000$26,000$21,125$19,500$17,875
Elizabeth Brown$19,500$19,500$24,375$26,000$23,833

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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Mission & Programs · Part III

Where the work happens

2 program services account for $457K of program spending, described in the organization's own filed words · FY2022.
01

Educational and Related Programs

after-school & summer terms.

$430Kprogram expense
02

Community Outreach

related community & wellness initiatives.

$27Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$240K · 72%
Other revenue$52K · 16%
Investment income$27K · 8%
Program service revenue$12K · 4%
Contributions & grants72%$240K
Other revenue16%$52K
Investment income8%$27K
Program service revenue4%$12K
Total revenueLn 12$332K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.04 Fundraising $0.01
Program services95%$457K
Management & general4%$21K
Fundraising1%$4K
Total functional expensesLn 25$481K

Balance Sheet

Part X · end of year
CashLn 1$344K
Total assetsLn 16$1.3M
Total liabilitiesLn 26$30K
Total net assetsLn 32$1.3M
Months of cash on handcomputed8.6

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $738K · Operating expenses/yr $481K
18.4 months
Where the money goes
Program services
Program services $457K · Total expenses $481K
95%
Management & General
Management & general $21K · Total expenses $481K
4%
Fundraising
Fundraising $4K · Total expenses $481K
0.8%
Cost to raise $1
Fundraising expense (3-yr avg) $5K · Solicited contributions (3-yr avg) $289K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $240K · Total revenue $332K
72%
Government reliance
Government grants — · Total revenue $332K
—
Earned-income share
Program service revenue $12K · Total revenue $332K
4%
Investment reliance
Investment income $27K · Total revenue $332K
+8%
Program self-sufficiency
Program service revenue $12K · Total expenses $481K
3%
Growth & trend
Revenue growth (YoY)
This year $332K · Prior year $464K
-28%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $332K · Expenses $481K
-45%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3M
—
Net-asset ratio
Net assets $1.3M · Total assets $1.3M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $394K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.3M
30%
People & payroll
Highest Reported Total Compensation
Individual Nancy Schreck · Reported title Recording Sec'y · Highest reported compensation $26K · Total expenses $481K
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $147K · Total expenses $481K
31%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%——
Overhead ratio 4%——
Fundraising cost ratio 2%——
Revenue growth -28%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 3%——
Fundraising 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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$10K
Grants paid · 2 grants · $23K · 2021–2022
The Morton Center INCKY · FY2022$773
Grace Housing INCMS · FY2021$22,092

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$366K revenue · ⤓ 990 PDF
FY2023$332K revenue · viewing · ⤓ 990 PDF
FY2022$464K revenue · ⤓ 990 PDF
FY2021$397K revenue · ⤓ 990 PDF
FY2020$377K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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