Interserv Foundation FY2022 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.
73¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 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
$129K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$650K
-8% vs prior year
Spent
$678K
To programs
73%
Net assets
$2.5M
By yearFY2020–FY2024
Revenue
$650K
FY2022▼ -8%
Revenue by fiscal year
FY2020$527K
FY2021$707K
FY2022$650K
FY2023$324K
FY2024$419K
Expenses
$678K
FY2022▼ -20%
Expenses by fiscal year
FY2020$611K
FY2021$844K
FY2022$678K
FY2023$910K
FY2024$711K
Net assets
$2.5M
FY2022▼ -24%
Net assets by fiscal year
FY2020$2.4M
FY2021$3.3M
FY2022$2.5M
FY2023$2.2M
FY2024$1.9M

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 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

73 cents of each dollar spent went to programs.

Program services 73% · $498K Management & general 27% · $180K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$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 · $498K · in their own filed words · FY2022
01

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

$498Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$75K
Grants paid · 6 grants · $2.8M · 2020–2024

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$650K
Ln 12
Gifts and grantsLn 1h$438K
Other incomeLn 4–11$121K
Investment incomeLn 3$60K
Money outPt IX
$678K
Ln 25
Programscol B$498K
Managementcol C$180K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$190K
Total assetsLn 16$2.6M
LiabilitiesLn 26$129K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$438K
Fundraising eventsLn 1c$37K
Fees for servicesLn 2g$31K
Investment incomeLn 3$60K
Other incomeLn 4–11$121K
Total revenueLn 12$650K
Assets in detailPt X, end of year
CashLn 1$190K
Cash and savings togetherLn 1–2$190K
InvestmentsLn 11–13$2.4M
Other assetsLn 15$2K
Total assetsLn 16$2.6M
LiabilitiesLn 26$129K
Net assetsLn 32$2.5M
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 FY22End FY22
Cash and savingsLn 1–2$210K$190K
InvestmentsLn 11–13$3.1M$2.4M
Total assetsLn 16$3.3M$2.6M
LiabilitiesLn 26$14K$129K
Net assetsLn 32$3.3M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$479K$479K
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$7K$7K
Lobbying feesLn 11d$0
Investment management feesLn 11f$19K$19K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$2K$303$2K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$14K$14K
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$139K$139K
All other expensesLn 24e$18K$207$17K
Total functional expensesLn 25$678K$498K$180K$0

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 Viewing $650K$678K−$28K$2.5M 990 PDF
FY2021 $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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $650,201 across 7 lines filed
Lines not itemized here account for $1,521 of total revenue; see the IRS return.
VIII-1c Fundraising events$36,728
VIII-1f All other contributions, gifts and grants$401,233
VIII-1h Total contributions, gifts and grants$437,961
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $31,158$31,158
VIII-3 Investment incomeExcluded from tax $59,944$59,944
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $119,617$119,617
VIII-12 Total revenueRelated to mission $150,775 · Excluded from tax $61,465$650,201
Part IX · Statement of functional expenses $678,465 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $479,200$479,200
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 $7,177$7,177
IX-11d Lobbying fees$0
IX-11f Investment management feesPrograms $18,585$18,585
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $303 · Management $1,918$2,221
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $14,400$14,400
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 $139,323$139,323
IX-24e All other expensesPrograms $207 · Management $17,352$17,559
IX-25 Total functional expensesPrograms $498,295 · Management $180,170 · Fundraising $0$678,465
Part X · Balance sheet $2,628,174 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $210,007$189,801
X-3 Pledges and grants receivableStart of year $6,182$6,449
X-11 Publicly traded securitiesStart of year $3,067,216$2,430,258
X-15 Other assetsStart of year $5,360$1,666
X-16 Total assetsStart of year $3,288,765$2,628,174
X-17 Accounts payable and accrued expensesStart of year $3,750$11,361
X-25 Other liabilitiesStart of year $10,719$117,679
X-26 Total liabilitiesStart of year $14,469$129,040
X-27 Net assets without donor restrictionsStart of year −$8,909−$24,422
X-28 Net assets with donor restrictionsStart of year $3,283,205$2,523,556
X-32 Total net assets or fund balancesStart of year $3,274,296$2,499,134
X-33 Total liabilities and net assetsStart of year $3,288,765$2,628,174
Part XI · Reconciliation of net assets $2,499,134 net assets at year end
XI-1 Total revenue$650,201
XI-2 Total expenses$678,465
XI-3 Revenue less expenses−$28,264
XI-4 Net assets at start of year$3,274,296
XI-5 Net unrealized gains (losses) on investments−$612,403
XI-8 Prior period adjustments−$134,495
XI-10 Net assets at end of year$2,499,134

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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