Regency Square Improvement Assn: FY2020 Nonprofit Profile & Form 990 (EIN 74-2200322)

Revenue by fiscal year
FY2020	$254K
FY2021	$266K
FY2022	$269K
FY2023	$297K
FY2024	$255K

Expenses by fiscal year
FY2020	$198K
FY2021	$210K
FY2022	$310K
FY2023	$208K
FY2024	$146K

Net assets by fiscal year
FY2020	$57K
FY2021	$59K
FY2022	$28K
FY2023	$109K
FY2024	$172K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

85 cents of each dollar spent went to programs.

85%

15%

Program services 85% · $168K Management & general 15% · $31K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation

Patrick Tollett

Director

$0Pt VII · Sec A

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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

Improves community health, safety, and overall well-being.

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Provided by the organization

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1 program · $168K · in their own filed words · FY2020

01

To promote the health safety and welfare of the community and to provide the services much like a quasi governmental unit for the community at large

$168Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$254K

Ln 12

Gifts and grantsLn 1h$246K

Other incomeLn 4–11$8K

Investment incomeLn 3$4

Money outPt IX

$198K

Ln 25

Programscol B$168K

Managementcol C$31K

Owns and owesPt X

$57K

net assets · Ln 32

Cash and savingsLn 1–2$11K

Total assetsLn 16$118K

LiabilitiesLn 26$61K

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$246K

Investment incomeLn 3$4

Other incomeLn 4–11$8K

Total revenueLn 12$254K

Assets in detailPt X, end of year

CashLn 1$11K

Cash and savings togetherLn 1–2$11K

Total assetsLn 16$118K

LiabilitiesLn 26$61K

Net assetsLn 32$57K

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	−$2K	$11K
Total assetsLn 16	$76K	$118K
LiabilitiesLn 26	$24K	$61K
Net assetsLn 32	$51K	$57K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$24K		$24K
Legal feesLn 11b	−$3K		−$3K
Office expensesLn 13	$815		$815
InsuranceLn 23	$8K		$8K
Other expenses (24a–d)Ln 24	$168K	$168K	$525
Total functional expensesLn 25	$198K	$168K	$31K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$255K	$146K	$109K	$172K	990 PDF
FY2023	$297K	$208K	$89K	$109K	990 PDF
FY2022	$269K	$310K	−$41K	$28K	990 PDF
FY2021	$266K	$210K	$56K	$59K	990 PDF
FY2020 Viewing	$254K	$198K	$56K	$57K	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 $254,337 revenue, 12 lines filed

I-8 Contributions and grants$246,471

I-9 Program service revenue$0

I-10 Investment income$4

I-11 Other revenue$7,862

I-12 Total revenue$254,337

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expenses$198,350

I-18 Total expenses$198,350

I-19 Revenue less expenses$55,987

Part VI · Governance 5 of 5 board members independent, 3 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $254,337 across 5 lines filed

VIII-1b Membership dues$246,471

VIII-1h Total contributions, gifts and grants$246,471

VIII-3 Investment incomeRelated to mission $4$4

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,862$7,862

VIII-12 Total revenueRelated to mission $7,866 · Unrelated business $0 · Excluded from tax $0$254,337

Part IX · Statement of functional expenses $198,350 across 5 lines filed

IX-11a Management feesManagement $23,722$23,722

IX-11b Legal feesManagement −$2,578−$2,578

IX-13 Office expensesManagement $815$815

IX-23 InsuranceManagement $8,111$8,111

IX-24 Other expenses (24a–d)Programs $167,755 · Management $525$168,280

IX-25 Total functional expensesPrograms $167,755 · Management $30,595 · Fundraising $0$198,350

Part X · Balance sheet $117,712 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year −$1,630$11,265

X-4 Accounts receivableStart of year $77,033$106,447

X-16 Total assetsStart of year $75,898$117,712

X-17 Accounts payable and accrued expensesStart of year $19,662$41,797

X-19 Deferred revenueStart of year $3,331$2,069

X-25 Other liabilitiesStart of year $1,502$16,855

X-26 Total liabilitiesStart of year $24,495$60,721

X-32 Total net assets or fund balancesStart of year $51,403$56,991

X-33 Total liabilities and net assetsStart of year $75,898$117,712

Part XI · Reconciliation of net assets $56,991 net assets at year end

XI-1 Total revenue$254,337

XI-2 Total expenses$198,350

XI-3 Revenue less expenses$55,987

XI-4 Net assets at start of year$51,403

XI-8 Prior period adjustments−$50,399

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$56,991

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

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Regency Square Improvement Assn FY2020 filing

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