Hidden Star Resources FY2021 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, FY2021. 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.
70¢ of each $1 spent went to programs.
$16K 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

FY2021 · 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
70%
of spending
70% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$16K
to officers and key staff · 27% of spending
Pay to officers and key staff is 27% of spending.
Part VII, Section A
2.8 mo
of spending, in cash
2.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$13K
2% of total assets
Liabilities are 2% 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
$36K
-83% vs prior year
Spent
$59K
To programs
70%
Net assets
$618K
By yearFY2020–FY2022
Revenue
$36K
FY2021▼ -83%
Tap a bar for its year
Revenue by fiscal year
FY2020$206K
FY2021$36K
FY2022$8K
Expenses
$59K
FY2021▼ -59%
Tap a bar for its year
Expenses by fiscal year
FY2020$145K
FY2021$59K
FY2022Not on file
Net assets
$618K
FY2021▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$627K
FY2021$618K
FY2022$333K

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 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

70 cents of each dollar spent went to programs.

Program services 70% · $42K Management & general 30% · $17K

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; $16K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President
$16,000Pt 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 · $42K · in their own filed words · FY2021
01

Hidden star provides unique resources to minority and disadvantaged entrepreneurs and business owners by getting them into our process and helping them move from "idea" to a real start-up with dramatically improved odds of success.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-2444402) · Dispute this line
$42Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$36K
Ln 12
Investment incomeLn 3$36K
Money outPt IX
$59K
Ln 25
Programscol B$42K
Managementcol C$17K
Owns and owesPt X
$618K
net assets · Ln 32
Cash and savingsLn 1–2$14K
Total assetsLn 16$631K
LiabilitiesLn 26$13K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$36K
Total revenueLn 12$36K
Assets in detailPt X, end of year
CashLn 1$14K
Cash and savings togetherLn 1–2$14K
Notes and loans receivableLn 7$614K
Other assetsLn 15$3K
Total assetsLn 16$631K
LiabilitiesLn 26$13K
Net assetsLn 32$618K
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 FY21End FY21
Cash and savingsLn 1–2$64K$14K
Total assetsLn 16$645K$631K
LiabilitiesLn 26$4K$13K
Net assetsLn 32$641K$618K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$16K$8K$8K
Accounting feesLn 11c$595$595
Other fees for servicesLn 11g$2K$2K
Office expensesLn 13$9K$9K
Other expenses (24a–d)Ln 24$31K$31K
Total functional expensesLn 25$59K$42K$17K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 LatestFiled with the IRS Nov 10, 2023 $8K$333K 990 PDF
FY2021 ViewingFiled with the IRS Oct 6, 2022 $36K$59K−$23K$618K 990 PDF
FY2020Filed 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 FY2021 990
Part I · Summary $35,935 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $459,591$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $32,495$35,935
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $492,086$35,935
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $16,000$16,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $422,300$43,011
I-18 Total expensesPrior year $438,300$59,011
I-19 Revenue less expensesPrior year $53,786−$23,076
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 $35,935 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $35,935$35,935
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $35,935$35,935
Part IX · Statement of functional expenses $59,011 across 5 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $8,000 · Management $8,000$16,000
IX-11c Accounting feesManagement $595$595
IX-11g Other fees for servicesPrograms $2,500$2,500
IX-13 Office expensesManagement $8,866$8,866
IX-24 Other expenses (24a–d)Programs $31,050$31,050
IX-25 Total functional expensesPrograms $41,550 · Management $17,461 · Fundraising $0$59,011
Part X · Balance sheet $630,994 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $63,962$13,883
X-7 Notes and loans receivableStart of year $578,307$614,176
X-15 Other assetsStart of year $2,935$2,935
X-16 Total assetsStart of year $645,204$630,994
X-17 Accounts payable and accrued expensesStart of year $4,305$13,171
X-26 Total liabilitiesStart of year $4,305$13,171
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 $640,899$617,823
X-32 Total net assets or fund balancesStart of year $640,899$617,823
X-33 Total liabilities and net assetsStart of year $645,204$630,994
Part XI · Reconciliation of net assets $617,823 net assets at year end
XI-1 Total revenue$35,935
XI-2 Total expenses$59,011
XI-3 Revenue less expenses−$23,076
XI-4 Net assets at start of year$640,899
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$617,823

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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