Twocor Projects

Colorado Springs, COUnknown exempt organizationEIN 72-1566504Revenue $256K in FY2021

On file with the IRStwocor.org2722 Logan Circle · Colorado Springs, CO

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Provides vocational and counceling services to males and female youths who have had legal and mental health concerns.

52¢ of each $1 spent went to programs.
Run by 10 volunteers and 38 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
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 deficit $272K a year · 38% 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
52%
of spending
Worth a look: 52% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$100K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$256K
-78% vs prior year
Spent
$854K
To programs
52%
Net assets
$0
By yearFY2020–FY2021
Revenue
$256K
FY2021▼ -78%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$256K
Expenses
$854K
FY2021▼ -24%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$854K
Net assets
$0
FY2021▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$597K
FY2021$0

From the FY2021 Form 990 (year ending May 2021) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

52 cents of each dollar spent went to programs.

Program services 52% · $442K Management & general 48% · $411K Fundraising 0% · $369

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

9 people listed on the 990; $100K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Di
$99,533Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
James Hinkle$99,533$94,615

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.

See Twocor Projects 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 15aYes

Programs and updates

Helps young people with legal and mental health issues find jobs and get counseling.

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Provided by the organization

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1 program · $442K · in their own filed words · FY2020
01

The vocational program provides construction, auto maintenance, plumbing and other vocational skills.

$442Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2021
Total grants receivedfrom 1 funder$6K
Grants paid · 4 grants · $35K · 2020–2020
Rocky Mountain Kids INCCO · FY2020$13,000
Family PromiseCO · FY2020$10,000
Peaceful HouseholdsFL · FY2020$6,000
Fostering Hope FoundationCO · FY2020$6,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$256K
Ln 12
Gifts and grantsLn 1h$202K
Fees for servicesLn 2g$73K
Investment incomeLn 3$168
Money outPt IX
$854K
Ln 25
Programscol B$442K
Managementcol C$411K
Fundraisingcol D$369
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$202K
Government grantsLn 1e$108K
Fees for servicesLn 2g$73K
Investment incomeLn 3$168
Gains on assetsLn 7−$27K
Total revenueLn 12$256K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 538
VolunteersI 610
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Total assetsLn 16$627K$0
LiabilitiesLn 26$30K$0
Net assetsLn 32$597K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$73K$73K
Pay of current officers, directors and key staffLn 5$165K$165K
Other salaries and wagesLn 7$395K$269K$126K
Other employee benefitsLn 9$6K$6K
Payroll taxesLn 10$38K$20K$18K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$388$388
Advertising and promotionLn 12$8K$2K$6K$369
Office expensesLn 13$30K$15K$15K
Information technologyLn 14$532$532
OccupancyLn 16$49K$20K$29K
Depreciation, depletion and amortizationLn 22$9K$3K$6K
InsuranceLn 23$37K$13K$24K
Other expenses (24a–d)Ln 24$31K$25K$6K
All other expensesLn 24e$998$998
Total functional expensesLn 25$854K$442K$411K$369

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $256K$854K−$597K$0 990 PDF
FY2020 $1.2M$1.1M$54K$597K 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 FY2021 990 (6 parts)
Part I · Summary $256,201 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $837,822$201,920
I-9 Program service revenuePrior year $228,199$73,352
I-10 Investment incomePrior year $1,920−$27,106
I-11 Other revenuePrior year $115,748$8,035
I-12 Total revenuePrior year $1,183,689$256,201
I-13 Grants and similar amounts paid$72,983
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $797,501$604,120
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $332,171$176,456
I-18 Total expensesPrior year $1,129,672$853,559
I-19 Revenue less expensesPrior year $54,017−$597,358
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $256,201 across 8 lines filed
VIII-1e Government grants$108,047
VIII-1f All other contributions, gifts and grants$93,873
VIII-1h Total contributions, gifts and grants$201,920
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $73,352$73,352
VIII-3 Investment incomeExcluded from tax $168$168
VIII-7 Net gain or loss on sales of assetsRelated to mission −$27,274−$27,274
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,035$8,035
VIII-12 Total revenueRelated to mission $54,113 · Excluded from tax $168$256,201
Part IX · Statement of functional expenses $853,559 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $72,983$72,983
IX-5 Pay of current officers, directors and key staffManagement $165,171$165,171
IX-7 Other salaries and wagesPrograms $268,502 · Management $126,035$394,537
IX-9 Other employee benefitsManagement $6,150$6,150
IX-10 Payroll taxesPrograms $20,447 · Management $17,815$38,262
IX-11b Legal feesManagement $2,338$2,338
IX-11c Accounting feesManagement $7,050$7,050
IX-11g Other fees for servicesPrograms $388$388
IX-12 Advertising and promotionPrograms $2,153 · Management $5,867 · Fundraising $369$8,389
IX-13 Office expensesPrograms $15,454 · Management $15,003$30,457
IX-14 Information technologyPrograms $532$532
IX-16 OccupancyPrograms $20,126 · Management $28,928$49,054
IX-22 Depreciation, depletion and amortizationPrograms $3,457 · Management $5,792$9,249
IX-23 InsurancePrograms $12,820 · Management $23,785$36,605
IX-24 Other expenses (24a–d)Programs $25,008 · Management $6,388$31,396
IX-24e All other expensesManagement $998$998
IX-25 Total functional expensesPrograms $441,870 · Management $411,320 · Fundraising $369$853,559
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $626,948$0
X-26 Total liabilitiesStart of year $29,590$0
X-32 Total net assets or fund balancesStart of year $597,358$0
X-33 Total liabilities and net assetsStart of year $626,948$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$256,201
XI-2 Total expenses$853,559
XI-3 Revenue less expenses−$597,358
XI-4 Net assets at start of year$597,358
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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