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Give 270 INC

Tax-deductible

Elizabethtown, KY501(c)(3)Foundations & GrantmakersEIN 81-1488299

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Give 270 is a giving organization focused on venture philanthropy projects benefiting communities in the central kentucky region.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
2 of 4
filings with a surplus
Average deficit $7K a year · 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$229K
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$564K
-19% vs prior year
Spent
$614K
To programs
89%
Net assets
$85
By yearFY2020–FY2024
Revenue
$564K
FY2024▼ -19%
Revenue by fiscal year
FY2020$90K
FY2021$134K
FY2022$469K
FY2023$697K
FY2024$564K
Expenses
$614K
FY2024▼ -10%
Expenses by fiscal year
FY2020Not on file
FY2021$141K
FY2022$454K
FY2023$682K
FY2024$614K
Net assets
$85
FY2024▼ -100%
Net assets by fiscal year
FY2020$27K
FY2021$20K
FY2022$35K
FY2023$50K
FY2024$85

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2016.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $544K Management & general 1% · $4K Fundraising 11% · $66K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Eric Clemens
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Kenneth Rambo
Treasurer
$0Pt VII · Sec A
Braden Pace
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Joe Bennett
Director
$0Pt VII · Sec A
See Give 270 INC 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

Invests in community projects in Central Kentucky through venture philanthropy.

Provided by the organization

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1 program · $544K · in their own filed words · FY2024
01

Community Support

Give 270 is able to support community, economic, and workforce development of the greater central kentucky region by raising funds for other area non-profit organizations and causes.

$544Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Veterans United FoundationFY2023$10K
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$564K
Ln 12
Other incomeLn 4–11$538K
Investment incomeLn 3$22K
Gifts and grantsLn 1h$3K
Money outPt IX
$614K
Ln 25
Programscol B$544K
Managementcol C$4K
Fundraisingcol D$66K
Owns and owesPt X
$85
net assets · Ln 32
Cash and savingsLn 1–2$25K
Total assetsLn 16$229K
LiabilitiesLn 26$229K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Investment incomeLn 3$22K
Other incomeLn 4–11$538K
Gains on assetsLn 7$22K
Total revenueLn 12$564K
Assets in detailPt X, end of year
CashLn 1$25K
Cash and savings togetherLn 1–2$25K
Land, buildings, equipmentLn 10c$204K
Total assetsLn 16$229K
LiabilitiesLn 26$229K
Net assetsLn 32$85
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$34K$25K
Land, buildings, equipmentLn 10c$70K$204K
Total assetsLn 16$104K$229K
LiabilitiesLn 26$54K$229K
Net assetsLn 32$50K$85
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$2K$0$2K$0
Office expensesLn 13$84$0$84$0
Information technologyLn 14$2K$0$2K$0
Depreciation, depletion and amortizationLn 22$66K$0$0$66K
InsuranceLn 23$555$0$555$0
Other expenses (24a–d)Ln 24$544K$544K$480$0
Total functional expensesLn 25$614K$544K$4K$66K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $564K$614K−$50K$85 990 PDF
FY2023 $697K$682K$15K$50K 990 PDF
FY2022 $469K$454K$14K$35K 990 PDF
FY2021 $134K$141K−$7K$20K 990 PDF
FY2020 $90K$27K 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 FY2024 990 (5 parts)
Part I · Summary $564,045 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,352$3,462
I-9 Program service revenue$0
I-10 Investment income$22,212
I-11 Other revenuePrior year $685,742$538,371
I-12 Total revenuePrior year $697,094$564,045
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $682,049$613,957
I-18 Total expensesPrior year $682,049$613,957
I-19 Revenue less expensesPrior year $15,045−$49,912
Part VIII · Statement of revenue $564,045 across 5 lines filed
Lines not itemized here account for $490,924 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$3,462
VIII-1h Total contributions, gifts and grants$3,462
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $22,212$22,212
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $47,447$47,447
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $560,583$564,045
Part IX · Statement of functional expenses $613,957 across 6 lines filed
IX-12 Advertising and promotionPrograms $0 · Management $1,545 · Fundraising $0$1,545
IX-13 Office expensesPrograms $0 · Management $84 · Fundraising $0$84
IX-14 Information technologyPrograms $0 · Management $1,723 · Fundraising $0$1,723
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $65,985$65,985
IX-23 InsurancePrograms $0 · Management $555 · Fundraising $0$555
IX-24 Other expenses (24a–d)Programs $543,585 · Management $480 · Fundraising $0$544,065
IX-25 Total functional expensesPrograms $543,585 · Management $4,387 · Fundraising $65,985$613,957
Part X · Balance sheet $228,805 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $34,307$24,715
X-10c Land, buildings and equipment, netStart of year $70,051$204,090
X-16 Total assetsStart of year $104,358$228,805
X-26 Total liabilitiesStart of year $54,361$228,720
X-27 Net assets without donor restrictionsStart of year $49,997$85
X-32 Total net assets or fund balancesStart of year $49,997$85
X-33 Total liabilities and net assetsStart of year $104,358$228,805
Part XI · Reconciliation of net assets $85 net assets at year end
XI-1 Total revenue$564,045
XI-2 Total expenses$613,957
XI-3 Revenue less expenses−$49,912
XI-4 Net assets at start of year$49,997
XI-10 Net assets at end of year$85

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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