Interserv Foundation FY2021 filing

Tax-deductible

Saint Joseph, MO501(c)(3)Foundations & GrantmakersEIN 75-3197631

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To effectively develop and manage financial resources to support and enhance Interfaith Community Services, Inc. and Community Missions Corporation.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
0 of 5
filings with a surplus
Average deficit $226K a year · 43% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $75K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$14K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$707K
+34% vs prior year
Spent
$844K
To programs
82%
Net assets
$3.3M
By yearFY2020–FY2024
Revenue
$707K
FY2021▲ +34%
Revenue by fiscal year
FY2020$527K
FY2021$707K
FY2022$650K
FY2023$324K
FY2024$419K
Expenses
$844K
FY2021▲ +38%
Expenses by fiscal year
FY2020$611K
FY2021$844K
FY2022$678K
FY2023$910K
FY2024$711K
Net assets
$3.3M
FY2021▲ +35%
Net assets by fiscal year
FY2020$2.4M
FY2021$3.3M
FY2022$2.5M
FY2023$2.2M
FY2024$1.9M

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2006.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $695K Management & general 17% · $146K Fundraising 0% · $2K

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

17 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director Supported Organization
$0Pt VII · Sec A
CFO Supported Organization
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Brett King’s $60K as Executive Director is at the 56th percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Interserv Foundation 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

Manages financial resources to support community service organizations.

Provided by the organization

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1 program service account for $695K of program spending, described in the organization's own filed words · FY2021.
01

The Organization raised funds and managed investments for the benefit of Interfaith Community Services, Inc. and Community Missions Corporation.

$695Kprogram expense

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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 · FY2024
Total grants receivedfrom 1 funder$75K
Grants paid · 6 grants · $2.8M · 2020–2024

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$707K
Ln 12
Gifts and grantsLn 1h$426K
Investment incomeLn 3$201K
Fees for servicesLn 2g$63K
Money outPt IX
$844K
Ln 25
Programscol B$695K
Managementcol C$146K
Fundraisingcol D$2K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$210K
Total assetsLn 16$3.3M
LiabilitiesLn 26$14K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$426K
Fees for servicesLn 2g$63K
Investment incomeLn 3$201K
Other incomeLn 4–11$17K
Gains on assetsLn 7$173K
Total revenueLn 12$707K
Assets in detailPt X, end of year
CashLn 1$210K
Cash and savings togetherLn 1–2$210K
InvestmentsLn 11–13$3.1M
Other assetsLn 15$5K
Total assetsLn 16$3.3M
LiabilitiesLn 26$14K
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderDecember
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
Cash and savingsLn 1–2$211K$210K
InvestmentsLn 11–13$2.2M$3.1M
Total assetsLn 16$2.4M$3.3M
LiabilitiesLn 26$15K$14K
Net assetsLn 32$2.4M$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$695K$695K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$10K$10K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$0
Office expensesLn 13$1K$110$1K
Information technologyLn 14$14K$14K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$96K$96K
All other expensesLn 24e$24K$24K$7
Total functional expensesLn 25$844K$695K$146K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $419K$711K−$292K$1.9M 990 PDF
FY2023 $324K$910K−$587K$2.2M 990 PDF
FY2022 $650K$678K−$28K$2.5M 990 PDF
FY2021 Viewing $707K$844K−$136K$3.3M 990 PDF
FY2020 $527K$611K−$85K$2.4M 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 (4 parts)
Part VIII · Statement of revenue $707,291 across 7 lines filed
Lines not itemized here account for $2,134 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$425,864
VIII-1h Total contributions, gifts and grants$425,864
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $63,416$63,416
VIII-3 Investment incomeExcluded from tax $28,162$28,162
VIII-7 Net gain or loss on sales of assetsExcluded from tax $172,702$172,702
VIII-8 Net income from fundraising eventsExcluded from tax $15,013$15,013
VIII-12 Total revenueRelated to mission $63,416 · Excluded from tax $218,011$707,291
Part IX · Statement of functional expenses $843,658 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $695,161$695,161
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $10,042$10,042
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesFundraising $2,465$2,465
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $110 · Management $1,027$1,137
IX-14 Information technologyManagement $14,400$14,400
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $96,166$96,166
IX-24e All other expensesManagement $24,280 · Fundraising $7$24,287
IX-25 Total functional expensesPrograms $695,271 · Management $145,915 · Fundraising $2,472$843,658
Part X · Balance sheet $3,288,765 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $210,629$210,007
X-3 Pledges and grants receivableStart of year $11,863$6,182
X-11 Publicly traded securitiesStart of year $2,181,279$3,067,216
X-15 Other assetsStart of year $2,011$5,360
X-16 Total assetsStart of year $2,444,041$3,288,765
X-17 Accounts payable and accrued expensesStart of year $10,747$3,750
X-25 Other liabilitiesStart of year $4,139$10,719
X-26 Total liabilitiesStart of year $14,886$14,469
X-27 Net assets without donor restrictionsStart of year −$12,875−$8,909
X-28 Net assets with donor restrictionsStart of year $2,442,030$3,283,205
X-32 Total net assets or fund balancesStart of year $2,429,155$3,274,296
X-33 Total liabilities and net assetsStart of year $2,444,041$3,288,765
Part XI · Reconciliation of net assets $3,274,296 net assets at year end
XI-1 Total revenue$707,291
XI-2 Total expenses$843,658
XI-3 Revenue less expenses−$136,367
XI-4 Net assets at start of year$2,429,155
XI-5 Net unrealized gains (losses) on investments$103,508
XI-9 Other changes in net assets$878,000
XI-10 Net assets at end of year$3,274,296

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

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