Believe in Students INC

Tax-deductible

Philadelphia, PA501(c)(3)EIN 81-3612875Revenue $1.1M in FY2024

On file with the IRSbelieveinstudents.org1755 N 13th Street 295, 19122-6108 · Philadelphia, PATax-exempt since Aug 2016Publicly supported — 509(a)(2)

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To provide college Students struggling with basic needs insecurity with resources and support so they can focus on school and earn their degrees.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$113K 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

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 5
filings with a surplus
Average surplus $60K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$113K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $1.0M
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$13K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+142% vs prior year
Spent
$763K
To programs
81%
Net assets
$607K
By yearFY2020–FY2024
Revenue
$1.1M
FY2024▲ +142%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.8M
FY2021$469K
FY2022$567K
FY2023$448K
FY2024$1.1M
Expenses
$763K
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$1.8M
FY2022$1.0M
FY2023$749K
FY2024$763K
Net assets
$607K
FY2024▲ +112%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$1.1M
FY2022$585K
FY2023$286K
FY2024$607K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

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

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $618K Management & general 12% · $88K Fundraising 7% · $56K

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

10 people listed on the 990; $113K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$112,940Pt VII · Sec A
Board Chair (until 12.12.24); Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Vice Chair (until 12.12.24); Board Chair (as
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
Traci Kirtley$112,940$104,373$105,936

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 Believe in Students 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 15aYes

Programs and updates

Helps college students facing hardship get resources and support to succeed in school.

Questions for Believe in Students INC

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Provided by the organization

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3 programs · $610K · in their own filed words · FY2024
01

#realcollege

Bis is the organizational home of the #real college movement, a national effort to raise awareness of basic needs insecurity among college students and redefine what it means to be a student-ready college.

$246Kprogram expense
02

Great Lakes Consortium

The great lakes fast fund consortium is made up of six fast fund sites in illinois and wisconsin who have formed a collaboration to pursue systemic change. Believe in students has led this group to run a paid student fellowship to train and support impacted students to serve as leaders in this work, and organize faculty, staff, and…

$225Kprogram expense
03

Fast Fund Network

The fast fund is the organization's flagship program, where small-dollar, flexible emergency aid grants are provided to students to address immediate basic needs challenges that threaten their ability to stay in school.

$138Kprogram 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 · FY2024
See all 6 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$8K
Money outPt IX
$763K
Ln 25
Programscol B$618K
Managementcol C$88K
Fundraisingcol D$56K
Owns and owesPt X
$607K
net assets · Ln 32
Cash and savingsLn 1–2$48K
Total assetsLn 16$620K
LiabilitiesLn 26$13K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$33K
Investment incomeLn 3$8K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$14K
SavingsLn 2$34K
Cash and savings togetherLn 1–2$48K
InvestmentsLn 11–13$259K
Total assetsLn 16$620K
LiabilitiesLn 26$13K
Net assetsLn 32$607K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
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$112K$48K
InvestmentsLn 11–13$141K$259K
Total assetsLn 16$324K$620K
LiabilitiesLn 26$38K$13K
Net assetsLn 32$286K$607K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$113K$100K$6K$7K
Other salaries and wagesLn 7$264K$234K$13K$17K
Other employee benefitsLn 9$40K$34K$4K$3K
Payroll taxesLn 10$29K$26K$1K$2K
Legal feesLn 11b$20K$3K$17K
Accounting feesLn 11c$20K$20K
Investment management feesLn 11f$150$150
Other fees for servicesLn 11g$49K$22K$27K
Office expensesLn 13$9K$277$9K$333
OccupancyLn 16$3K$3K
TravelLn 17$5K$5K$695
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$207K$195K$13K
Total functional expensesLn 25$763K$618K$88K$56K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.1M$763K$320K$607K 990 PDF
FY2023 $448K$749K−$300K$286K 990 PDF
FY2022 $567K$1.0M−$481K$585K 990 PDF
FY2021 $469K$1.8M−$1.4M$1.1M 990 PDF
FY2020 $3.8M$1.7M$2.1M$2.4M 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 (6 parts)
Part I · Summary $1,082,848 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $438,761$1,075,169
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $9,408$7,679
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $448,169$1,082,848
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 $392,447$446,933
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $356,077$315,752
I-18 Total expensesPrior year $748,524$762,685
I-19 Revenue less expensesPrior year −$300,355$320,163
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,082,848 across 5 lines filed
VIII-1e Government grants$33,323
VIII-1f All other contributions, gifts and grants$1,041,846
VIII-1h Total contributions, gifts and grants$1,075,169
VIII-3 Investment incomeExcluded from tax $7,679$7,679
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $7,679$1,082,848
Part IX · Statement of functional expenses $762,685 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $99,815 · Management $5,754 · Fundraising $7,371$112,940
IX-7 Other salaries and wagesPrograms $233,747 · Management $13,474 · Fundraising $17,260$264,481
IX-9 Other employee benefitsPrograms $34,122 · Management $3,548 · Fundraising $2,548$40,218
IX-10 Payroll taxesPrograms $26,056 · Management $1,238 · Fundraising $2,000$29,294
IX-11b Legal feesPrograms $2,545 · Management $17,466$20,011
IX-11c Accounting feesManagement $19,536$19,536
IX-11f Investment management feesPrograms $150$150
IX-11g Other fees for servicesPrograms $22,500 · Fundraising $26,671$49,171
IX-13 Office expensesPrograms $277 · Management $8,674 · Fundraising $333$9,284
IX-16 OccupancyManagement $3,300$3,300
IX-17 TravelPrograms $4,677 · Management $695$5,372
IX-23 InsuranceManagement $1,689$1,689
IX-24 Other expenses (24a–d)Programs $194,524 · Management $12,715$207,239
IX-25 Total functional expensesPrograms $618,413 · Management $88,089 · Fundraising $56,183$762,685
Part X · Balance sheet $619,750 assets, 12 lines filed
Asset lines not itemized here account for $10,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $73,338$14,420
X-2 Savings and temporary cash investmentsStart of year $38,921$33,692
X-3 Pledges and grants receivableStart of year $50,000$291,966
X-9 Prepaid expenses and deferred chargesStart of year $11,364$11,035
X-11 Publicly traded securitiesStart of year $140,604$258,637
X-16 Total assetsStart of year $324,227$619,750
X-17 Accounts payable and accrued expensesStart of year $38,011$12,868
X-26 Total liabilitiesStart of year $38,011$12,868
X-27 Net assets without donor restrictionsStart of year $74,237−$20,314
X-28 Net assets with donor restrictionsStart of year $211,979$627,196
X-32 Total net assets or fund balancesStart of year $286,216$606,882
X-33 Total liabilities and net assetsStart of year $324,227$619,750
Part XI · Reconciliation of net assets $606,882 net assets at year end
XI-1 Total revenue$1,082,848
XI-2 Total expenses$762,685
XI-3 Revenue less expenses$320,163
XI-4 Net assets at start of year$286,216
XI-5 Net unrealized gains (losses) on investments$503
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$606,882

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

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