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Stacy Foundation Building INC

Not tax-deductible

Ft Lauderdale, FLMutual-benefit / member-servingCommunity Development EIN 65-1027392Revenue $362K in FY2024

On file with the IRS5110 N Federal Hwy Ste 100, 33308-3848 · Ft Lauderdale, FLTax-exempt since Mar 2001

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Title holding organization for 501(c)(3)

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
1 of 5
filings with a surplus
Average deficit $68K a year · 41% of revenue · last 5 filings
Concern: a surplus in 1 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
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$434K
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$362K
+202% vs prior year
Spent
$329K
To programs
100%
Net assets
$611K
By yearFY2020–FY2024
Revenue
$362K
FY2024▲ +202%
Tap a bar for its year
Revenue by fiscal year
FY2020$120K
FY2021$107K
FY2022$120K
FY2023$120K
FY2024$362K
Expenses
$329K
FY2024▲ +72%
Tap a bar for its year
Expenses by fiscal year
FY2020$193K
FY2021$227K
FY2022$229K
FY2023$191K
FY2024$329K
Net assets
$611K
FY2024▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$878K
FY2021$758K
FY2022$649K
FY2023$578K
FY2024$611K

From the FY2024 Form 990 (year ending October 2024) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2001.

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% · $329K

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Virlee Stepelton
Sec/Treas/Dir
$0Pt VII · Sec A
See Stacy Foundation Building INC executive salaries →

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Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Holds titles for tax-exempt charitable organizations.

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Provided by the organization

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1 program · $329K · in their own filed words · FY2023
01

The organization holds title to real property located in FT. Lauderdale, florida. The organization provides below-market office space for certain 501(c)(3) public charities. Income from the property, less expenses, will pass to the festus & helen stacy foundation, inc., a non-profit corporation exempt under section 501 (c)(3) of the…

$329Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$362K
Ln 12
Fees for servicesLn 2g$362K
Investment incomeLn 3$18
Money outPt IX
$329K
Ln 25
Programscol B$329K
Owns and owesPt X
$611K
net assets · Ln 32
Cash and savingsLn 1–2$34K
Total assetsLn 16$1.0M
LiabilitiesLn 26$434K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$362K
Investment incomeLn 3$18
Total revenueLn 12$362K
Assets in detailPt X, end of year
CashLn 1$34K
Cash and savings togetherLn 1–2$34K
Land, buildings, equipmentLn 10c$1.0M
Other assetsLn 15$2K
Total assetsLn 16$1.0M
LiabilitiesLn 26$434K
Net assetsLn 32$611K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderOctober
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 FY24End FY24
Cash and savingsLn 1–2$23K$34K
Land, buildings, equipmentLn 10c$980K$1.0M
Total assetsLn 16$1.0M$1.0M
LiabilitiesLn 26$428K$434K
Net assetsLn 32$578K$611K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$17K$17K
Accounting feesLn 11c$4K$4K
Office expensesLn 13$25K$25K
OccupancyLn 16$84K$84K
Depreciation, depletion and amortizationLn 22$148K$148K
InsuranceLn 23$17K$17K
Other expenses (24a–d)Ln 24$34K$34K
Total functional expensesLn 25$329K$329K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $362K$329K$33K$611K 990 PDF
FY2023 $120K$191K−$71K$578K 990 PDF
FY2022 $120K$229K−$109K$649K 990 PDF
FY2021 $107K$227K−$120K$758K 990 PDF
FY2020 $120K$193K−$73K$878K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $362,318 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $120,000$362,300
I-10 Investment incomePrior year $50$18
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $120,050$362,318
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $12,996$17,328
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $178,360$311,735
I-18 Total expensesPrior year $191,356$329,063
I-19 Revenue less expensesPrior year −$71,306$33,255
Part VI · Governance 0 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $362,318 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $362,300$362,300
VIII-3 Investment incomeExcluded from tax $18$18
VIII-12 Total revenueRelated to mission $362,300 · Unrelated business $0 · Excluded from tax $18$362,318
Part IX · Statement of functional expenses $329,063 across 7 lines filed
IX-7 Other salaries and wagesPrograms $17,328$17,328
IX-11c Accounting feesPrograms $3,728$3,728
IX-13 Office expensesPrograms $25,035$25,035
IX-16 OccupancyPrograms $84,241$84,241
IX-22 Depreciation, depletion and amortizationPrograms $147,504$147,504
IX-23 InsurancePrograms $16,975$16,975
IX-24 Other expenses (24a–d)Programs $34,252$34,252
IX-25 Total functional expensesPrograms $329,063 · Management $0 · Fundraising $0$329,063
Part X · Balance sheet $1,045,445 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $22,699$34,128
X-10c Land, buildings and equipment, netStart of year $980,177$1,008,835
X-15 Other assetsStart of year $2,482$2,482
X-16 Total assetsStart of year $1,005,358$1,045,445
X-25 Other liabilitiesStart of year $427,643$434,475
X-26 Total liabilitiesStart of year $427,643$434,475
X-32 Total net assets or fund balancesStart of year $577,715$610,970
X-33 Total liabilities and net assetsStart of year $1,005,358$1,045,445
Part XI · Reconciliation of net assets $610,970 net assets at year end
XI-1 Total revenue$362,318
XI-2 Total expenses$329,063
XI-3 Revenue less expenses$33,255
XI-4 Net assets at start of year$577,715
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$610,970

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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