Lets Get Real INC EIN 80-0951065 Form 990 (PDF) Claim this org

Lets Get Real INC FY2022 filing

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Offers information and recovery coaching to support individuals. For fiscal year 2022 it reported $792K in revenue, $713K in expenses, and $336K in net assets.Pt I

Type
Public charity (501(c)(3)) · Mental Health
Location
Lorain, OH
Website
www.letsgetrealinc.org
Filings
5 on file (2020–2022)
Revenue
$792KFY2022
Expenses
$713K
Net assets
$336K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  80-0951065 Public charity (501(c)(3)) Lorain, OH
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Offers information and recovery coaching to support individuals.
Leadership
Kenneth Blackman · Member
Money in and out
$792K revenue, $713K expenses
Bottom line
52% program efficiency
Where the money goes · FY2022
Total revenue
$792K
Pt VIII · Ln 12
Total expenses
$713K
Pt IX · Ln 25
Net assets
$336K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $80K
Where spending went · Part IX cols B–D
Program services $0.52 Management & general $0.43 Fundraising $0.05
Program efficiency
52%
of spending reaches programs
Operating runway
2.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+10%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$792K
FY2022▲ +22%
Expenses
$713K
FY2022▲ +11%
Total assets
$336K
FY2022▲ +23%
Total liabilities
$0
FY2022▼ -100%
Total revenue
$792K
Pt VIII · Ln 12
Total expenses
$713K
Pt IX · Ln 25
Net assets
$336K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$80K
Total assetsPt X · Ln 16$336K
Program-expense ratioPt IX · col B52%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLets Get Real INC
EINHdr · item D80-0951065
Principal addressHdr · item CLorain, OH
WebsiteHdr · item Jwww.letsgetrealinc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMental Health (F99)
Ruling yearIRS BMFJun 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $371K of program spending, described in the organization's own filed words · FY2022.
01

Peer support services to assist those in need of help finding recovery options and support to those in recovery

$306Kprogram expense
02

Outreach services to educate the public about available recovery services

$65Kprogram expense
03

Warm hand-off services

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants100%$792K
— government grantsLn 1e$740K
Total revenueLn 12$792K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.52 Management & general $0.43 Fundraising $0.05
Program services52%$371K
Management & general43%$307K
Fundraising5%$35K
Total functional expensesLn 25$713K

Balance Sheet

Part X · end of year
CashLn 1$127K
Total assetsLn 16$336K
Total liabilitiesLn 26$0
Total net assetsLn 32$336K
Months of cash on handcomputed2.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $127K · Operating expenses/yr $713K
2.1 months
Where the money goes
Program services
Program services $371K · Total expenses $713K
52%
Management & General
Management & general $307K · Total expenses $713K
43%
Fundraising
Fundraising $35K · Total expenses $713K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $18K · Solicited contributions (3-yr avg) $62K
$0.28 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $792K · Total revenue $792K
100%
Government reliance
Government grants $740K · Total revenue $792K
93%
Earned-income share
Program service revenue $0 · Total revenue $792K
0%
Investment reliance
Investment income $0 · Total revenue $792K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $713K
0%
Growth & trend
Revenue growth (YoY)
This year $792K · Prior year $648K
+22%
Net-asset trend (YoY)
End of year $336K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $792K · Expenses $713K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $336K
Net-asset ratio
Net assets $336K · Total assets $336K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $336K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kenneth Blackman · Reported title MEMBER · Highest reported compensation $0 · Total expenses $713K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $176K · Total expenses $713K
25%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 52%
Overhead ratio 43%
Fundraising cost ratio 4%
Revenue growth 22%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$89K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.1M revenue · ⤓ 990 PDF
FY2023$907K revenue · ⤓ 990 PDF
FY2022$792K revenue · viewing · ⤓ 990 PDF
FY2021$648K revenue · ⤓ 990 PDF
FY2020$462K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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