Hidden Star Resources FY2020 filing

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Hidden Star is dedicated to providing start-up help and business assistance to disadvantaged, underprivileged, low income, and minority entrepreneurs across the united states.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-2444402) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$84K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest 990-N e-Postcard
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $19K a year · 16% of revenue · last 2 filings
A surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
76%
of spending
76% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$84K
to officers and key staff · 58% of spending
Pay to officers and key staff is 58% of spending.
Part VII, Section A
0.5 mo
of spending, in cash
0.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
2
of 3 voting members
2 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$206K
Spent
$145K
To programs
76%
Net assets
$627K
By yearFY2020–FY2022
Revenue
$206K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$206K
FY2021$36K
FY2022$8K
Expenses
$145K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$145K
FY2021$59K
FY2022Not on file
Net assets
$627K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$627K
FY2021$618K
FY2022$333K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Files the 990-N e-Postcard (latest 2024). Last full Form 990: 2022. IRS ruling in Aug 2016.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $110K Management & general 24% · $36K

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

3 people listed on the 990; $84K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President
$84,000Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Michael Dewey’s $16K as President is at the 46th percentile of top reported officer pay among 168 <$100K community development 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 · 1 named individual · Part VII

NameFY2021FY2020
Michael Dewey$16,000$84,000

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 Hidden Star Resources executive salaries →

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

Helps disadvantaged entrepreneurs start and grow their businesses nationwide.

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1 program · $110K · in their own filed words · FY2020
01

Hidden star was able to provide unique resources to more than 150 minority and disadvantaged entrepreneurs and business owners by getting them into our process and moving them from idea to a real start up with dramatically increased chances of success, we are on track to help these small businesses create more than 400 jobs and help…

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-2444402) · Dispute this line
$110Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$206K
Ln 12
Gifts and grantsLn 1h$206K
Investment incomeLn 3$41
Money outPt IX
$145K
Ln 25
Programscol B$110K
Managementcol C$36K
Owns and owesPt X
$627K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$627K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$206K
Government grantsLn 1e$206K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$41
Total revenueLn 12$206K
Assets in detailPt X, end of year
CashLn 1$5K
Cash and savings togetherLn 1–2$5K
Notes and loans receivableLn 7$621K
Total assetsLn 16$627K
LiabilitiesLn 26$0
Net assetsLn 32$627K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
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 FY20End FY20
Cash and savingsLn 1–2$32K$5K
Total assetsLn 16$581K$627K
LiabilitiesLn 26$15K$0
Net assetsLn 32$566K$627K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of officers and key staff (Part IX, line 5)Ln 5$84K$70K$14K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Accounting feesLn 11c$3K$0$3K
Other fees for servicesLn 11g$22K$6K$16K
Office expensesLn 13$3K$3K$155
OccupancyLn 16$13K$10K$3K
TravelLn 17$189$189
Other expenses (24a–d)Ln 24$20K$20K$32$0
Total functional expensesLn 25$145K$110K$36K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 LatestFiled with the IRS Nov 10, 2023 $8K$333K 990 PDF
FY2021Filed with the IRS Oct 6, 2022 $36K$59K−$23K$618K 990 PDF
FY2020 ViewingFiled with the IRS Nov 15, 2021 $206K$145K$61K$627K 990 PDF

Files the 990-N e-Postcard (latest 2024). Last full Form 990: 2022. The 990-N has no money details, and postcard years before 2024 are not published by the IRS.

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $205,788 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $402,200$205,747
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $30,310$41
I-11 Other revenue$0
I-12 Total revenuePrior year $432,510$205,788
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $92,000$84,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $129,353$61,097
I-18 Total expensesPrior year $221,353$145,097
I-19 Revenue less expensesPrior year $211,157$60,691
Part VI · Governance 2 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $205,788 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$205,747
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$205,747
VIII-3 Investment incomeRelated to mission $41 · Unrelated business $0 · Excluded from tax $0$41
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $41 · Unrelated business $0 · Excluded from tax $0$205,788
Part IX · Statement of functional expenses $145,097 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $70,487 · Management $13,513 · Fundraising $0$84,000
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $3,213$3,213
IX-11g Other fees for servicesPrograms $6,028 · Management $16,078$22,106
IX-13 Office expensesPrograms $3,033 · Management $155$3,188
IX-16 OccupancyPrograms $10,077 · Management $2,519$12,596
IX-17 TravelPrograms $189$189
IX-24 Other expenses (24a–d)Programs $19,773 · Management $32 · Fundraising $0$19,805
IX-25 Total functional expensesPrograms $109,587 · Management $35,510 · Fundraising $0$145,097
Part X · Balance sheet $626,530 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $32,184$5,483
X-7 Notes and loans receivableStart of year $545,852$621,047
X-16 Total assetsStart of year $580,971$626,530
X-17 Accounts payable and accrued expensesStart of year $15,132$0
X-26 Total liabilitiesStart of year $15,132$0
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $565,839$626,530
X-32 Total net assets or fund balancesStart of year $565,839$626,530
X-33 Total liabilities and net assetsStart of year $580,971$626,530
Part XI · Reconciliation of net assets $626,530 net assets at year end
XI-1 Total revenue$205,788
XI-2 Total expenses$145,097
XI-3 Revenue less expenses$60,691
XI-4 Net assets at start of year$565,839
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$626,530

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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