For the Need Foundation EIN 81-0657985 Form 990 (PDF) Claim this org

For the Need Foundation FY2023 filing

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Empowers underprivileged youth to overcome challenges, discover opportunities, and realize their potential. For fiscal year 2023 it reported $480K in revenue, $380K in expenses, and $321K in net assets.Pt I

Founded
2004
Type
Public charity (501(c)(3)) · Human Services
Location
Simi Valley, CA
Filings
5 on file (2021–2023)
Revenue
$480KFY2023
Expenses
$380K
Net assets
$321K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  81-0657985 Public charity (501(c)(3)) Simi Valley, CA Founded 2004
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Empowers underprivileged youth to overcome challenges, discover opportunities, and realize their potential.
Leadership
Dorina Timbol · Executive Director · $146K
Money in and out
$480K revenue, $380K expenses
Bottom line
15% program efficiency
Where the money goes · FY2023
Total revenue
$480K
Pt VIII · Ln 12
Total expenses
$380K
Pt IX · Ln 25
Net assets
$321K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $100K
Where spending went · Part IX cols B–D
Program services $0.15 Management & general $0.55 Fundraising $0.30
Program efficiency
15%
of spending reaches programs
Operating runway
65.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+21%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$480K
FY2023▲ +238%
Expenses
$380K
FY2023▲ +86%
Total assets
$407K
FY2023▼ -5%
Total liabilities
$86K
FY2023
Total revenue
$480K
Pt VIII · Ln 12
Total expenses
$380K
Pt IX · Ln 25
Net assets
$321K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$100K
Total assetsPt X · Ln 16$407K
Program-expense ratioPt IX · col B15%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $58K of program spending, described in the organization's own filed words · FY2023.
01

Bow & arrow mentorship program providing mentorship financial and other resources activities and materials to youth experiencing homelessness poverty and chronic illness

$56Kprogram expense
02

Annual mailing of holiday letter for donations to supply gifts to children in need

$1Kprogram expense
03

Shelter visits

$762program expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFor the Need Foundation
EINHdr · item D81-0657985
Principal addressHdr · item CSimi Valley, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2004
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P30)
Ruling yearIRS BMFDec 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$146,474Pt VII · Sec A
CEO - President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
CFO - Secretary
$0Pt VII · Sec A

Allie Spaccarelli’s $91K as Director is at the 81st percentile of top reported officer pay among 2165 $100K–1M human services 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.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Dorina Timbol$146,474$47,613
Allie Spaccarelli$90,881$69,976

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$418K · 87%
Other revenue$61K · 13%
Contributions & grants87%$418K
Other revenue13%$61K
Investment income$1K
Total revenueLn 12$480K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.15 Management & general $0.55 Fundraising $0.30
Program services15%$58K
Management & general55%$207K
Fundraising30%$114K
Total functional expensesLn 25$380K

Balance Sheet

Part X · end of year
CashLn 1$99K
Total assetsLn 16$407K
Total liabilitiesLn 26$86K
Total net assetsLn 32$321K
Months of cash on handcomputed3.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $406K · Operating expenses (Pt IX) $380K · Less non-cash grants $305K · Cash operating expenses/yr $75K
65.2 months
Where the money goes
Program services
Program services $58K · Total expenses $380K
15%
Management & General
Management & general $207K · Total expenses $380K
55%
Fundraising
Fundraising $114K · Total expenses $380K
30%
Cost to raise $1
Fundraising expense (2-yr avg) $58K · Solicited contributions (2-yr avg) $386K
$0.15 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $418K · Total revenue $480K
87%
Government reliance
Government grants $0 · Total revenue $480K
0%
Earned-income share
Program service revenue $0 · Total revenue $480K
0%
Investment reliance
Investment income $1K · Total revenue $480K
+0.3%
Program self-sufficiency
Program service revenue $0 · Total expenses $380K
0%
Growth & trend
Revenue growth (YoY)
This year $480K · Prior year $142K
+238%
Net-asset trend (YoY)
End of year $321K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $480K · Expenses $380K
+21%
Liabilities-to-Assets
Total liabilities — · Total assets $407K
Net-asset ratio
Net assets $321K · Total assets $407K
79%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $307K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $407K
75%
People & payroll
Highest Reported Total Compensation
Individual Dorina Timbol · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $146K · Total expenses $380K
39%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $233K · Total expenses $380K
61%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 15%
Overhead ratio 55%
Fundraising cost ratio 27%
Revenue growth 238%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.2%
Fundraising fee ratio 0%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$1K
Grants paid · 4 grants · $30K · 2021–2025
Los Angeles International Church of ChristFY2025$10,000
New Village Girls AcademyFY2025$5,000
Los Angeles Church of ChristCA · FY2021$10,000
Happy Trails for KidsCA · FY2021$5,000

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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
FY2025 (Latest)$436K revenue · ⤓ 990 PDF
FY2024$461K revenue · ⤓ 990 PDF
FY2023$480K revenue · viewing · ⤓ 990 PDF
FY2022$142K revenue · ⤓ 990 PDF
FY2021$362K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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