Orchid Foundation FY2022 filing

Tax-deductible

New York, NY501(c)(3)Foundations & GrantmakersEIN 81-3996068Revenue $560K in FY2022

On file with the IRS527 Hudson St 20087, 10014-2678 · New York, NYTax-exempt since Oct 2016Publicly supported charity — 170(b)(1)(A)(vi)

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To help fill the resource gap presented by socioeconomic backgrounds of program beneficiaries, by mentoring girls from at risk neighborhoods to and through college.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$80K 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

FY2022 · 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
3 of 4
filings with a surplus
Average surplus $156K a year · 49% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$80K
to officers and key staff · 54% of spending
Concern: pay to officers and key staff is 54% of spending; over 30%.
Pt VII · Sec A
Cash reserves
19 mo
of spending, in cash
Looks good: 19.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $69K
Looks good: 3 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
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$560K
+96% vs prior year
Spent
$147K
To programs
85%
Net assets
$888K
By yearFY2020–FY2024
Revenue
$560K
FY2022▲ +96%
Tap a bar for its year
Revenue by fiscal year
FY2020$145K
FY2021$286K
FY2022$560K
FY2023$194K
FY2024$232K
Expenses
$147K
FY2022▲ +278%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$39K
FY2022$147K
FY2023$273K
FY2024$188K
Net assets
$888K
FY2022▲ +88%
Tap a bar for its year
Net assets by fiscal year
FY2020$226K
FY2021$473K
FY2022$888K
FY2023$808K
FY2024$850K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 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 Oct 2016.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $125K Management & general 9% · $13K Fundraising 6% · $9K

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

13 people listed on the 990; $80K paid to officers and key staff.

Part VII, Section A · reportable compensation
$80,000Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Nichole Galicia’s $80K as Treasurer is at the 73rd percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking 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

NameFY2024FY2023FY2022
Nichole Galicia$80,000$80,000$80,000

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 Orchid Foundation 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

Mentors at-risk girls from low-income neighborhoods to and through college.

Provided by the organization

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3 programs · $38K · in their own filed words · FY2022
01

Vex money program promotes financial literacy among program beneficiaries.

$14Kprogram expense
02

Scholarship program used to provide educational and financial support to program beneficiaries and awarded on the basis of academic and other achievements.

$12Kprogram expense
03

Name droppers program used to provide curated events that exposed the program beneficiaries to once in a lifetime opportunities.

$12Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$69K
See all 3 funders →
Grants paid · 10 grants · $324K · 2021–2024
Unitemized GrantFY2024$43,008
Unitemized GrantFY2024$37,066
Unitemized GrantFY2023$81,711
Unitemized GrantFY2023$74,914
Unitemized GrantFY2022$35,213
Unitemized GrantFY2022$12,415
Unitemized GrantFY2022$5,034
Unitemized GrantFY2021$18,435
Unitemized GrantFY2021$13,830
Unitemized GrantFY2021$2,650

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$560K
Ln 12
Other incomeLn 4–11$448K
Gifts and grantsLn 1h$110K
Investment incomeLn 3$1K
Money outPt IX
$147K
Ln 25
Programscol B$125K
Managementcol C$13K
Fundraisingcol D$9K
Owns and owesPt X
$888K
net assets · Ln 32
Cash and savingsLn 1–2$236K
Total assetsLn 16$888K
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$110K
Fundraising eventsLn 1c$36K
Investment incomeLn 3$1K
Other incomeLn 4–11$448K
Total revenueLn 12$560K
Assets in detailPt X, end of year
CashLn 1$236K
Cash and savings togetherLn 1–2$236K
InvestmentsLn 11–13$652K
Total assetsLn 16$888K
LiabilitiesLn 26$0
Net assetsLn 32$888K
OperationsPt I, VI
EmployeesI 51
VolunteersI 638
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 FY22End FY22
Cash and savingsLn 1–2$473K$236K
InvestmentsLn 11–13$652K
Total assetsLn 16$473K$888K
LiabilitiesLn 26$0$0
Net assetsLn 32$473K$888K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$53K$53K
Pay of current officers, directors and key staffLn 5$80K$64K$8K$8K
Legal feesLn 11b$763$534$229
Accounting feesLn 11c$2K$2K$792
Advertising and promotionLn 12$4K$4K
TravelLn 17$6K$5K$514
Other expenses (24a–d)Ln 24$2K$827$587$345
All other expensesLn 24e$150$150
Total functional expensesLn 25$147K$125K$13K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $232K$188K$43K$850K 990 PDF
FY2023 $194K$273K−$79K$808K 990 PDF
FY2022 Viewing $560K$147K$413K$888K 990 PDF
FY2021 $286K$39K$247K$473K 990 PDF
FY2020 $145K$226K 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 FY2022 990 (6 parts)
Part I · Summary $559,605 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $215,148$110,408
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$1,422
I-11 Other revenuePrior year $70,703$447,775
I-12 Total revenuePrior year $285,851$559,605
I-13 Grants and similar amounts paidPrior year $34,915$52,662
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$80,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,940$14,359
I-18 Total expensesPrior year $38,855$147,021
I-19 Revenue less expensesPrior year $246,996$412,584
Part VI · Governance 13 of 13 board members independent, 3 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $559,605 across 6 lines filed
VIII-1c Fundraising events$36,461
VIII-1f All other contributions, gifts and grants$73,947
VIII-1h Total contributions, gifts and grants$110,408
VIII-3 Investment incomeExcluded from tax $1,422$1,422
VIII-8 Net income from fundraising eventsExcluded from tax $447,775$447,775
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $449,197$559,605
Part IX · Statement of functional expenses $147,021 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $52,662$52,662
IX-5 Pay of current officers, directors and key staffPrograms $64,000 · Management $8,000 · Fundraising $8,000$80,000
IX-11b Legal feesPrograms $534 · Management $229$763
IX-11c Accounting feesPrograms $1,522 · Management $792$2,314
IX-12 Advertising and promotionManagement $3,666$3,666
IX-17 TravelPrograms $5,193 · Fundraising $514$5,707
IX-24 Other expenses (24a–d)Programs $827 · Management $587 · Fundraising $345$1,759
IX-24e All other expensesManagement $150$150
IX-25 Total functional expensesPrograms $124,738 · Management $13,424 · Fundraising $8,859$147,021
Part X · Balance sheet $888,007 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $473,492$236,274
X-12 Other securities$651,733
X-16 Total assetsStart of year $473,492$888,007
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $473,492$888,007
X-32 Total net assets or fund balancesStart of year $473,492$888,007
X-33 Total liabilities and net assetsStart of year $473,492$888,007
Part XI · Reconciliation of net assets $888,007 net assets at year end
XI-1 Total revenue$559,605
XI-2 Total expenses$147,021
XI-3 Revenue less expenses$412,584
XI-4 Net assets at start of year$473,492
XI-5 Net unrealized gains (losses) on investments$1,931
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$888,007

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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