Custom One Charities EIN 82-1069579

Custom One Charities FY2023 filing

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Connects communities and builds generosity to support schools, families, and individuals in need. For fiscal year 2023 it reported $146K in revenue, $103K in expenses, and $118K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Woodbury, MN
Website
www.customonecharities.com/home
Filings
5 on file (2020–2023)
Revenue
$146KFY2023
Expenses
$103K
Net assets
$118K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-1069579 Public charity (501(c)(3)) Woodbury, MN
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Connects communities and builds generosity to support schools, families, and individuals in need.
Leadership
Todd Polifka · Board Member
Money in and out
$146K revenue, $103K expenses
Bottom line
88% program efficiency
Where the money goes · FY2023
Total revenue
$146K
Pt VIII · Ln 12
Total expenses
$103K
Pt IX · Ln 25
Net assets
$118K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $43K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.04 Fundraising $0.07
Program efficiency
88%
of spending reaches programs
Operating runway
14.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+29%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$146K
FY2023▲ +181%
Expenses
$103K
FY2023▲ +10%
Total assets
$138K
FY2023▲ +101%
Total liabilities
$21K
FY2023▲ ×42
Total revenue
$146K
Pt VIII · Ln 12
Total expenses
$103K
Pt IX · Ln 25
Net assets
$118K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$43K
Total assetsPt X · Ln 16$138K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $91K of program spending, described in the organization's own filed words · FY2023.
01

Custom one charities is proud to be a wish granter and monetary supporter of make-a-wish minnesota. The organization also supports sparekey, an organization providing assistance to families with critically ill or seriously injured family members.

$91Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCustom One Charities
EINHdr · item D82-1069579
Principal addressHdr · item CWoodbury, MN
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P12)
Ruling yearIRS BMFJul 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$147K
Investment income$485
Total revenueLn 12$146K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.04 Fundraising $0.07
Program services88%$91K
Management & general4%$5K
Fundraising7%$7K
Total functional expensesLn 25$103K

Balance Sheet

Part X · end of year
CashLn 1$125K
Total assetsLn 16$138K
Total liabilitiesLn 26$21K
Total net assetsLn 32$118K
Months of cash on handcomputed14.5

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $128K · Operating expenses/yr $103K
14.9 months
Where the money goes
Program services
Program services $91K · Total expenses $103K
88%
Management & General
Management & general $5K · Total expenses $103K
4%
Fundraising
Fundraising $7K · Total expenses $103K
7%
Cost to raise $1
Fundraising expense $7K · Solicited contributions $147K
$0.05 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $147K · Total revenue $146K
100%
Government reliance
Government grants — · Total revenue $146K
Earned-income share
Program service revenue $0 · Total revenue $146K
0%
Investment reliance
Investment income $485 · Total revenue $146K
+0.3%
Program self-sufficiency
Program service revenue $0 · Total expenses $103K
0%
Growth & trend
Revenue growth (YoY)
This year $146K · Prior year $52K
+181%
Net-asset trend (YoY)
End of year $118K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $146K · Expenses $103K
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $138K
Net-asset ratio
Net assets $118K · Total assets $138K
85%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $3K · Total assets (Pt X, ln 16) $138K
2%
People & payroll
Highest Reported Total Compensation
Individual Todd Polifka · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $103K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $103K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 4%
Fundraising cost ratio 5%
Revenue growth 181%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$20K
Grants paid · 14 grants · $170K · 2020–2024
Raise AwayFY2024$10,695
Corrie's HouseMN · FY2024$10,498
Raptors End Zone ClubMN · FY2024$10,000
My Very Own BedMN · FY2024$6,000
Unitemized GrantFY2023$35,630
Raptors End Zone ClubFY2023$12,500
My Very Own BedMN · FY2023$6,000
Spare KeyMN · FY2020$15,000
Unitemized GrantFY2020$12,500
Bridging IncorporatedMN · FY2020$11,600

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$148K revenue · ⤓ 990 PDF
FY2023$146K revenue · viewing · ⤓ 990 PDF
FY2022$52K revenue · ⤓ 990 PDF
FY2021$51K revenue · ⤓ 990 PDF
FY2020$121K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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