Govevolve INC FY2024 filing

Alexandria, VAUnknown exempt organizationSince 2016 EIN 81-2942934Revenue $238K in FY2024

On file with the IRSgovevolve.org2308 Mt Vernon Ave 812 · Alexandria, VA

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To promote public policies that encourage innovation, competitiveness and government IT modernization.

Mission: Form 990 Part I, line 1

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $10K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
14 mo
of spending, in cash
Looks good: 14.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$185K
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$238K
+27% vs prior year
Spent
$354K
Net assets
$279K
By yearFY2020–FY2025
Revenue
$238K
FY2024▲ +27%
Tap a bar for its year
Revenue by fiscal year
FY2020$376K
FY2021$403K
FY2022$385K
FY2023$188K
FY2024$238K
FY2025$282K
Expenses
$354K
FY2024▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$310K
FY2021$239K
FY2022$275K
FY2023$321K
FY2024$354K
FY2025$432K
Net assets
$279K
FY2024▼ -29%
Tap a bar for its year
Net assets by fiscal year
FY2020$254K
FY2021$418K
FY2022$529K
FY2023$395K
FY2024$279K
FY2025$128K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-Chair
$0Pt VII · Sec A
Co-Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Co-Chair (outgoing)
$0Pt VII · Sec A
See Govevolve 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

Advocates for policies boosting innovation, competitiveness, and modern government technology.

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1 program · in their own filed words · FY2024
01

Providing member services to twelve member companies to promote public policies that encourage government innovation and access for small and medium sized businesses.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$238K
Ln 12
Gifts and grantsLn 1h$238K
Money outPt IX
$354K
Ln 25
Owns and owesPt X
$279K
net assets · Ln 32
Cash and savingsLn 1–2$423K
Total assetsLn 16$463K
LiabilitiesLn 26$185K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$238K
Total revenueLn 12$238K
Assets in detailPt X, end of year
CashLn 1$423K
Cash and savings togetherLn 1–2$423K
Total assetsLn 16$463K
LiabilitiesLn 26$185K
Net assetsLn 32$279K
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 FY24End FY24
Cash and savingsLn 1–2$385K$423K
Total assetsLn 16$535K$463K
LiabilitiesLn 26$140K$185K
Net assetsLn 32$395K$279K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$4K
Legal feesLn 11b$6K
Accounting feesLn 11c$17K
Other fees for servicesLn 11g$293K
Office expensesLn 13$809
Information technologyLn 14$2K
TravelLn 17$8K
Conferences, conventions and meetingsLn 19$23K
Other expenses (24a–d)Ln 24$156
Total functional expensesLn 25$354K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $282K$432K−$151K$128K 990 PDF
FY2024 Viewing $238K$354K−$116K$279K 990 PDF
FY2023 $188K$321K−$133K$395K 990 PDF
FY2022 $385K$275K$110K$529K 990 PDF
FY2021 $403K$239K$164K$418K 990 PDF
FY2020 $376K$310K$66K$254K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $237,500 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $187,500$237,500
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $187,500$237,500
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $320,969$353,989
I-18 Total expensesPrior year $320,969$353,989
I-19 Revenue less expensesPrior year −$133,469−$116,489
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $237,500 across 4 lines filed
VIII-1b Membership dues$205,000
VIII-1f All other contributions, gifts and grants$32,500
VIII-1h Total contributions, gifts and grants$237,500
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$237,500
Part IX · Statement of functional expenses $353,989 across 9 lines filed
IX-11a Management fees$3,810
IX-11b Legal fees$5,536
IX-11c Accounting fees$17,498
IX-11g Other fees for services$293,189
IX-13 Office expenses$809
IX-14 Information technology$1,538
IX-17 Travel$8,314
IX-19 Conferences, conventions and meetings$23,139
IX-24 Other expenses (24a–d)$156
IX-25 Total functional expenses$353,989
Part X · Balance sheet $463,289 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $385,254$423,145
X-4 Accounts receivableStart of year $150,000$40,000
X-9 Prepaid expenses and deferred charges$144
X-16 Total assetsStart of year $535,254$463,289
X-17 Accounts payable and accrued expenses$23
X-19 Deferred revenueStart of year $139,761$180,000
X-25 Other liabilitiesStart of year $221$4,483
X-26 Total liabilitiesStart of year $139,982$184,506
X-27 Net assets without donor restrictionsStart of year $395,272$278,783
X-32 Total net assets or fund balancesStart of year $395,272$278,783
X-33 Total liabilities and net assetsStart of year $535,254$463,289
Part XI · Reconciliation of net assets $278,783 net assets at year end
XI-1 Total revenue$237,500
XI-2 Total expenses$353,989
XI-3 Revenue less expenses−$116,489
XI-4 Net assets at start of year$395,272
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$278,783

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

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