I Understand Love Heals FY2023 filing

Tax-deductible

Grand Rapids, MI501(c)(3)Mental HealthEIN 81-3356821

Establishing informed, understanding, and compassionate communities by erasing stigma associated with suicide and mental illness.

501(c)(3) charity; gifts are tax-deductible.
37¢ of each $1 spent went to programs.
$75K 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

FY2023 · 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
4 of 5
filings with a surplus
Average surplus $50K a year · 14% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
37%
of spending
Concern: 37% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
to officers and key staff · 30% of spending
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $128K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$400K
+50% vs prior year
Spent
$251K
To programs
37%
Net assets
$488K
By yearFY2020–FY2024
Revenue
$400K
FY2023▲ +50%
Revenue by fiscal year
FY2020$257K
FY2021$263K
FY2022$267K
FY2023$400K
FY2024$605K
Expenses
$251K
FY2023▲ +28%
Expenses by fiscal year
FY2020$212K
FY2021$213K
FY2022$196K
FY2023$251K
FY2024$669K
Net assets
$488K
FY2023▲ +53%
Net assets by fiscal year
FY2020$244K
FY2021$298K
FY2022$318K
FY2023$488K
FY2024$422K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

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

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

Where the money goes

37 cents of each dollar spent went to programs.

Program services 37% · $92K Management & general 40% · $100K Fundraising 24% · $59K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

10 people listed on the 990; $75K paid to officers and key staff.

Part VII, Section A · reportable compensation
Founder/Pres
$75,002Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Presid
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Honorary Boa
$0Pt VII · Sec A

Yvonne Woodrick’s $95K as President is at the 81st percentile of top reported officer pay among 2094 $100K–1M mental health 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Yvonne Woodrick$95,058————
Yvonne Woodrick—$75,002———
Vonnie Woodrick——$75,000$75,000$75,000

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.

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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

Erasing stigma to build communities that understand and support mental health.

Provided by the organization

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1 program service account for $92K of program spending, described in the organization's own filed words · FY2023.
01

Establishing informed, understanding, and compassionate communities by erasing stigma associated with suicide and mental illness.

$92Kprogram expense

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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 · FY2024
See all 7 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$400K
Ln 12
Gifts and grantsLn 1h$444K
Investment incomeLn 3−$957
Money outPt IX
$251K
Ln 25
Programscol B$92K
Managementcol C$100K
Fundraisingcol D$59K
Owns and owesPt X
$488K
net assets · Ln 32
Cash and savingsLn 1–2$107K
Total assetsLn 16$488K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$444K
Fundraising eventsLn 1c$168K
Investment incomeLn 3−$957
Total revenueLn 12$400K
Assets in detailPt X, end of year
CashLn 1$107K
Cash and savings togetherLn 1–2$107K
InvestmentsLn 11–13$370K
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$1K
Total assetsLn 16$488K
LiabilitiesLn 26$0
Net assetsLn 32$488K
OperationsPt I, VI
EmployeesI 51
VolunteersI 615
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 FY23End FY23
Cash and savingsLn 1–2$79K$107K
InvestmentsLn 11–13$252K$370K
Land, buildings, equipmentLn 10c$3K$2K
Total assetsLn 16$348K$488K
LiabilitiesLn 26$30K$0
Net assetsLn 32$318K$488K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$75K$30K$15K$30K
Other salaries and wagesLn 7$43K$11K$22K$11K
Payroll taxesLn 10$9K$3K$3K$3K
Legal feesLn 11b$136$136
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$2K$2K
Other fees for servicesLn 11g$43K$12K$24K$7K
Advertising and promotionLn 12$8K$376$7K$376
Office expensesLn 13$24K$5K$15K$4K
Information technologyLn 14$6K$2K$4K
OccupancyLn 16$7K$7K
TravelLn 17$431$142$289
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$29K$24K$5K
Total functional expensesLn 25$251K$92K$100K$59K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $605K$669K−$64K$422K 990 PDF
FY2023 Viewing $400K$251K$149K$488K 990 PDF
FY2022 $267K$196K$71K$318K 990 PDF
FY2021 $263K$213K$51K$298K 990 PDF
FY2020 $257K$212K$45K$244K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $399,970 across 6 lines filed
Lines not itemized here account for −$1,385 of total revenue; see the IRS return.
VIII-1c Fundraising events$167,676
VIII-1f All other contributions, gifts and grants$276,325
VIII-1h Total contributions, gifts and grants$444,001
VIII-3 Investment incomeExcluded from tax −$957−$957
VIII-8 Net income from fundraising events−$41,689
VIII-12 Total revenueRelated to mission −$1,385 · Excluded from tax −$957$399,970
Part IX · Statement of functional expenses $251,233 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $30,001 · Management $15,000 · Fundraising $30,001$75,002
IX-7 Other salaries and wagesPrograms $10,859 · Management $21,719 · Fundraising $10,860$43,438
IX-10 Payroll taxesPrograms $3,075 · Management $2,707 · Fundraising $3,075$8,857
IX-11b Legal feesManagement $136$136
IX-11c Accounting feesManagement $1,854$1,854
IX-11f Investment management feesManagement $2,304$2,304
IX-11g Other fees for servicesPrograms $12,077 · Management $23,787 · Fundraising $7,280$43,144
IX-12 Advertising and promotionPrograms $376 · Management $7,230 · Fundraising $376$7,982
IX-13 Office expensesPrograms $5,106 · Management $15,230 · Fundraising $3,792$24,128
IX-14 Information technologyManagement $2,066 · Fundraising $3,740$5,806
IX-16 OccupancyPrograms $6,550$6,550
IX-17 TravelPrograms $142 · Management $289$431
IX-22 Depreciation, depletion and amortizationManagement $1,012$1,012
IX-23 InsuranceManagement $1,273$1,273
IX-24 Other expenses (24a–d)Programs $24,127 · Management $5,189$29,316
IX-25 Total functional expensesPrograms $92,313 · Management $99,796 · Fundraising $59,124$251,233
Part X · Balance sheet $488,074 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $78,807$107,069
X-8 Inventories for sale or useStart of year $9,536$8,183
X-10c Land, buildings and equipment, netStart of year $2,690$1,677
X-11 Publicly traded securitiesStart of year $251,685$369,795
X-15 Other assetsStart of year $1,350$1,350
X-16 Total assetsStart of year $347,968$488,074
X-26 Total liabilitiesStart of year $30,000$0
X-27 Net assets without donor restrictionsStart of year $317,968$488,074
X-32 Total net assets or fund balancesStart of year $317,968$488,074
X-33 Total liabilities and net assetsStart of year $347,968$488,074
Part XI · Reconciliation of net assets $488,074 net assets at year end
XI-1 Total revenue$399,970
XI-2 Total expenses$251,233
XI-3 Revenue less expenses$148,737
XI-4 Net assets at start of year$317,968
XI-5 Net unrealized gains (losses) on investments$21,369
XI-10 Net assets at end of year$488,074

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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