Home Building Educational Foundatio FY2020 filing

Canon City, COUnknown exempt organizationEIN 74-2294571Revenue $290K in FY2020

On file with the IRS621 Main St · Canon City, CO

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To assist the local high school vocational in Building a house each year and selling IT to a private individual

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

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FY2020 · 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
2 of 2
filings with a surplus
Average surplus $73K a year · 23% of revenue · last 2 filings
Looks good: a surplus in 2 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
10 mo
of spending, in cash
Looks good: 10.5 months of spending in cash; 3 or more.
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
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$290K
Spent
$215K
To programs
100%
Net assets
$365K
By yearFY2020–FY2021
Revenue
$290K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$290K
FY2021$333K
Expenses
$215K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$215K
FY2021$262K
Net assets
$365K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$365K
FY2021$435K

From the FY2020 Form 990 (year ending June 2020) · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Exemption reinstated (2017-11-15). Per the IRS revocation list. 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% · $215K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Secretary Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Home Building Educational Foundatio 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

Build and sell a house annually with local high school vocational students.

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Provided by the organization

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1 program · in their own filed words · FY2019
01

to assist locan High school in vocational building program

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$290K
Ln 12
Fees for servicesLn 2g$290K
Investment incomeLn 3$545
Money outPt IX
$215K
Ln 25
Programscol B$215K
Owns and owesPt X
$365K
net assets · Ln 32
Cash and savingsLn 1–2$188K
Total assetsLn 16$365K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$290K
Investment incomeLn 3$545
Total revenueLn 12$290K
Assets in detailPt X, end of year
CashLn 1$188K
Cash and savings togetherLn 1–2$188K
Total assetsLn 16$365K
LiabilitiesLn 26$0
Net assetsLn 32$365K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
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$60K$188K
Total assetsLn 16$290K$365K
LiabilitiesLn 26$0$0
Net assetsLn 32$290K$365K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$3K$3K
Accounting feesLn 11c$4K$4K
Office expensesLn 13$247$247
OccupancyLn 16$1K$1K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$206K$206K
Total functional expensesLn 25$215K$215K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $333K$262K$71K$435K 990 PDF
FY2020 Viewing $290K$215K$75K$365K 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 $290,117 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,235$0
I-9 Program service revenue$289,572
I-10 Investment incomePrior year $485$545
I-11 Other revenue$0
I-12 Total revenuePrior year $3,720$290,117
I-13 Grants and similar amounts paidPrior year $1,000$2,800
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $6,988$212,328
I-18 Total expensesPrior year $7,988$215,128
I-19 Revenue less expensesPrior year −$4,268$74,989
Part VI · Governance 5 of 5 board members independent, 4 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-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
Part VIII · Statement of revenue $290,117 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $289,572$289,572
VIII-3 Investment incomeRelated to mission $545$545
VIII-12 Total revenueRelated to mission $290,117$290,117
Part IX · Statement of functional expenses $215,128 across 6 lines filed
IX-2 Grants to domestic individualsPrograms $2,800$2,800
IX-11c Accounting feesPrograms $3,500$3,500
IX-13 Office expensesPrograms $247$247
IX-16 OccupancyPrograms $1,475$1,475
IX-23 InsurancePrograms $1,134$1,134
IX-24 Other expenses (24a–d)Programs $205,972$205,972
IX-25 Total functional expensesPrograms $215,128 · Management $0 · Fundraising $0$215,128
Part X · Balance sheet $364,684 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $59,611$187,990
X-8 Inventories for sale or useStart of year $230,084$176,694
X-16 Total assetsStart of year $289,695$364,684
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $289,695$364,684
X-33 Total liabilities and net assetsStart of year $289,695$364,684
Part XI · Reconciliation of net assets $364,684 net assets at year end
XI-1 Total revenue$290,117
XI-2 Total expenses$215,128
XI-3 Revenue less expenses$74,989
XI-4 Net assets at start of year$289,695
XI-10 Net assets at end of year$364,684

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

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