Freshstart Visions FY2021 filing

North Charleston, SC · Unknown exempt organization

Latest data FY2021
Revenue
$557K
▲ +30% vs prior year
Spent
$348K
To programs
83%
Net assets
$359K
By yearFY2020–FY2022
Revenue
$557K
FY2021▲ +30%
Revenue by fiscal year
FY2020$428K
FY2021$557K
FY2022$120K
Expenses
$348K
FY2021+0.2%
Expenses by fiscal year
FY2020$347K
FY2021$348K
FY2022$90K
Net assets
$359K
FY2021▲ +199%
Net assets by fiscal year
FY2020$120K
FY2021$359K
FY2022$0
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).

Status and standing

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Last filed FY2022 — 4 yrs ago
Foundation funders?
3 funders, incl. Morgan Stanley Global Impact Funding Trust INC
$28K in the latest grant year.
Spent on programs?
83% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +30% vs prior year
Legal name (IRS)Hdr · item CFreshstart Visions
EINHdr · item D81-1440642
Exempt statusHdr · item I501(c)(3) · active
Latest filingForm 990FY2022 · Form 990
Principal addressHdr · item CNorth Charleston, SC
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.freshstartvisions.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.17
Program services83%$287K
Management & general17%$61K
Total functional expensesLn 25$348K

Financial health

Surplus margin
+38%
revenue over expenses, this year
Program spending
83%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$377K
FY2021▼ -6%
Total assets by fiscal year
FY2020$400K
FY2021$377K
FY2022$0
Total liabilities
$17K
FY2021▼ -94%
Total liabilities by fiscal year
FY2020$280K
FY2021$17K
FY2022$0
Revenue less expensesPt I · Ln 19$209K
Total assetsPt X · Ln 16$377K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$100K
Total assetsLn 16$377K
Total liabilitiesLn 26$17K
Total net assetsLn 32$359K
Months of cash on handcomputed3.5

Statement of Revenue

Part VIII
Contributions & grants$491K · 88%
Program service revenue$57K · 10%
Other revenue$8K · 1%
Contributions & grants88%$491K
Program service revenue10%$57K
Other revenue1%$8K
Total revenueLn 12$557K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $100K · Operating expenses (Pt IX) $348K · Less non-cash grants $13K · Cash operating expenses/yr $334K
3.6 months
Where the money goes
Program services
Program services $287K · Total expenses $348K
83%
Management & General
Management & general $61K · Total expenses $348K
17%
Fundraising
Fundraising $0 · Total expenses $348K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $385K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $491K · Total revenue $557K
88%
Government reliance
Government grants — · Total revenue $557K
—
Earned-income share
Program service revenue $57K · Total revenue $557K
10%
Investment reliance
Investment income $0 · Total revenue $557K
0%
Program self-sufficiency
Program service revenue $57K · Total expenses $348K
17%
Growth & trend
Revenue growth (YoY)
This year $557K · Prior year $428K
+30%
Net-asset trend (YoY)
End of year $359K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $557K · Expenses $348K
+38%
Liabilities-to-Assets
Total liabilities — · Total assets $377K
—
Net-asset ratio
Net assets $359K · Total assets $377K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $377K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tim Terry · Reported title DONOR AND VOLUNTEER ENGAGEMENT · Highest reported compensation $59K · Total expenses $348K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $174K · Total expenses $348K
50%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%——
Overhead ratio 17%——
Fundraising cost ratio 0%——
Revenue growth 30%——
Legal fee ratio 7%——
Accounting fee ratio 0.8%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Donor and Volunteer Engagement
$58,978Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2022FY2021FY2020
Tim Terry$21,916$58,978$64,595
Amy Haley$16,667—$48,000
William Mills——$12,000

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.

See Freshstart Visions executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
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

Mission and programs

Helps inmates in SC & FL change character and learn job skills to reduce re-offending.

Provided by the organization

This section is blank until Freshstart Visions claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $287K of program spending, described in the organization's own filed words · FY2021.
01

Freshstart visions provide a clean, decent place to live in a structured, supportive environment. The organization helps each man get his life on track (helps them get their driver's license, a job, make sure they are meeting any PAROLE/PROBATION/CHILD support requirements, etc...) the program has mentoring and tutoring offered in the…

$287Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 3 funders$28K
See all 3 funders →

Filing history

YearRevenueExpensesChangeFiling
FY2022 Latest $120K$90K-78% 990 PDF
FY2021 Viewing $557K$348K+30% 990 PDF
FY2020 $428K$347K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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