Orchid Foundation FY2023 filing

Tax-deductible

New York, NY501(c)(3)Foundations & GrantmakersEIN 81-3996068Revenue $194K in FY2023

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.
90¢ 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

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
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
90%
of spending
Looks good: 90% 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 · 29% of spending
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
Cash reserves
15 mo
of spending, in cash
Looks good: 14.9 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
$194K
-65% vs prior year
Spent
$273K
To programs
90%
Net assets
$808K
By yearFY2020–FY2024
Revenue
$194K
FY2023▼ -65%
Tap a bar for its year
Revenue by fiscal year
FY2020$145K
FY2021$286K
FY2022$560K
FY2023$194K
FY2024$232K
Expenses
$273K
FY2023▲ +86%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$39K
FY2022$147K
FY2023$273K
FY2024$188K
Net assets
$808K
FY2023▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$226K
FY2021$473K
FY2022$888K
FY2023$808K
FY2024$850K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
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 Oct 2016.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $246K Management & general 6% · $17K Fundraising 4% · $10K

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.

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Provided by the organization

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3 programs · $138K · in their own filed words · FY2023
01

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

$75Kprogram expense
02

Classically trained orchids program provides a fun way to incorporate the classics into educational repertoire.

$33Kprogram expense
03

Sisterhood program curates group events that build sisterhood amongst the girls, as well as one on one activities that cater to each girl's indivdual needs. The focus is on building self-esteem, character and the can do spirit needed to be successful in today's world.

$30Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$194K
Ln 12
Gifts and grantsLn 1h$181K
Investment incomeLn 3$34K
Money outPt IX
$273K
Ln 25
Programscol B$246K
Managementcol C$17K
Fundraisingcol D$10K
Owns and owesPt X
$808K
net assets · Ln 32
Cash and savingsLn 1–2$340K
Total assetsLn 16$808K
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$181K
Fundraising eventsLn 1c$81K
Investment incomeLn 3$34K
Gains on assetsLn 7$14K
Total revenueLn 12$194K
Assets in detailPt X, end of year
CashLn 1$340K
Cash and savings togetherLn 1–2$340K
InvestmentsLn 11–13$468K
Total assetsLn 16$808K
LiabilitiesLn 26$0
Net assetsLn 32$808K
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 FY23End FY23
Cash and savingsLn 1–2$236K$340K
InvestmentsLn 11–13$652K$468K
Total assetsLn 16$888K$808K
LiabilitiesLn 26$0$0
Net assetsLn 32$888K$808K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$157K$157K
Pay of current officers, directors and key staffLn 5$80K$64K$8K$8K
Other salaries and wagesLn 7$17K$14K$2K$2K
Payroll taxesLn 10$2K$2K$231$231
Legal feesLn 11b$249$174$75
Accounting feesLn 11c$7K$5K$2K
Advertising and promotionLn 12$2K$2K
TravelLn 17$104$94$10
InsuranceLn 23$128$102$13$13
Other expenses (24a–d)Ln 24$8K$4K$3K$111
All other expensesLn 24e$301$301
Total functional expensesLn 25$273K$246K$17K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $232K$188K$43K$850K 990 PDF
FY2023 Viewing $194K$273K−$79K$808K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $194,488 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $110,408$180,949
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,422$34,294
I-11 Other revenuePrior year $447,775−$20,755
I-12 Total revenuePrior year $559,605$194,488
I-13 Grants and similar amounts paidPrior year $52,662$156,625
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $80,000$99,525
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $14,359$17,117
I-18 Total expensesPrior year $147,021$273,267
I-19 Revenue less expensesPrior year $412,584−$78,779
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 $194,488 across 7 lines filed
VIII-1c Fundraising events$81,360
VIII-1f All other contributions, gifts and grants$99,589
VIII-1h Total contributions, gifts and grants$180,949
VIII-3 Investment incomeExcluded from tax $20,704$20,704
VIII-7 Net gain or loss on sales of assetsExcluded from tax $13,590$13,590
VIII-8 Net income from fundraising eventsExcluded from tax −$20,755−$20,755
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $13,539$194,488
Part IX · Statement of functional expenses $273,267 across 11 lines filed
IX-2 Grants to domestic individualsPrograms $156,625$156,625
IX-5 Pay of current officers, directors and key staffPrograms $64,000 · Management $8,000 · Fundraising $8,000$80,000
IX-7 Other salaries and wagesPrograms $13,775 · Management $1,722 · Fundraising $1,722$17,219
IX-10 Payroll taxesPrograms $1,844 · Management $231 · Fundraising $231$2,306
IX-11b Legal feesPrograms $174 · Management $75$249
IX-11c Accounting feesPrograms $4,900 · Management $2,100$7,000
IX-12 Advertising and promotionManagement $1,527$1,527
IX-17 TravelPrograms $94 · Fundraising $10$104
IX-23 InsurancePrograms $102 · Management $13 · Fundraising $13$128
IX-24 Other expenses (24a–d)Programs $4,422 · Management $3,275 · Fundraising $111$7,808
IX-24e All other expensesManagement $301$301
IX-25 Total functional expensesPrograms $245,936 · Management $17,244 · Fundraising $10,087$273,267
Part X · Balance sheet $808,123 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $236,274$339,812
X-12 Other securitiesStart of year $651,733$468,311
X-16 Total assetsStart of year $888,007$808,123
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $888,007$808,123
X-32 Total net assets or fund balancesStart of year $888,007$808,123
X-33 Total liabilities and net assetsStart of year $888,007$808,123
Part XI · Reconciliation of net assets $808,123 net assets at year end
XI-1 Total revenue$194,488
XI-2 Total expenses$273,267
XI-3 Revenue less expenses−$78,779
XI-4 Net assets at start of year$888,007
XI-5 Net unrealized gains (losses) on investments−$1,105
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$808,123

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

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