Converge Lecture Series FY2023 filing

Colorado Springs, COUnknown exempt organization EIN 82-1407571Revenue $361K in FY2023

On file with the IRSconvergecs.org601 S Institute St Ste 3 · Colorado Springs, CO

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Converge Lecture Series exists to connect southern Colorado community to art through a speaker series, therapy program, and education.

96¢ of each $1 spent went to programs.
$68K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
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
1 of 2
filings with a surplus
Average surplus $4K a year · 1% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$68K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $10K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$906
92% of total assets
Concern: liabilities are 92% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$361K
+54% vs prior year
Spent
$337K
To programs
96%
Net assets
$84
By yearFY2020–FY2024
Revenue
$361K
FY2023▲ +54%
Tap a bar for its year
Revenue by fiscal year
FY2020$132K
FY2021$171K
FY2022$235K
FY2023$361K
FY2024$18K
Expenses
$337K
FY2023▲ +34%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$251K
FY2023$337K
FY2024Not on file
Net assets
$84
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2020$2K
FY2021$742
FY2022$0
FY2023$84
FY2024$0

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $324K Management & general 1% · $5K Fundraising 3% · $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

6 people listed on the 990; $68K paid to officers and key staff.

Part VII, Section A · reportable compensation
Founder and Executive Director
$68,000Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

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

NameFY2023FY2022FY2021FY2020
Samuel Stephenson$68,000$55,200$57,600$57,600

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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Connects southern Colorado to art through speakers, therapy, and education.

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Provided by the organization

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3 programs · $195K · in their own filed words · FY2023
01

The converge therapy program uses art and solution focused brief therapy to help students with mental health needs.

$134Kprogram expense
02

The converge lecture series are community events that bring artists to colorado springs to speak to the community

$43Kprogram expense
03

Educational fellowship program providing students with art education, mentorship, books, notebooks, and scholarships for higher education

$17Kprogram 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 · FY2023
Total grants receivedfrom 2 funders$10K
Grants paid · 2 grants · $10K · 2022–2023
Unitemized GrantFY2023$4,000
Unitemized GrantFY2022$6,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$361K
Ln 12
Fees for servicesLn 2g$234K
Gifts and grantsLn 1h$127K
Money outPt IX
$337K
Ln 25
Programscol B$324K
Managementcol C$5K
Fundraisingcol D$9K
Owns and owesPt X
$84
net assets · Ln 32
Cash and savingsLn 1–2$990
Total assetsLn 16$990
LiabilitiesLn 26$906
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$127K
Government grantsLn 1e$55K
Noncash giftsLn 1g$0
Fees for servicesLn 2g$234K
Total revenueLn 12$361K
Assets in detailPt X, end of year
CashLn 1$981
SavingsLn 2$9
Cash and savings togetherLn 1–2$990
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$990
LiabilitiesLn 26$906
Net assetsLn 32$84
OperationsPt I, VI
EmployeesI 52
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$723$990
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$31K$990
LiabilitiesLn 26$31K$906
Net assetsLn 32$0$84
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$68K$58K$3K$7K
Other salaries and wagesLn 7$29K$29K
Payroll taxesLn 10$22K$22K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$638$638
Advertising and promotionLn 12$4K$3K$1K
Office expensesLn 13$11K$9K$1K$557
Information technologyLn 14$0$0
OccupancyLn 16$5K$4K$493$246
TravelLn 17$61$61
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$187K$187K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$337K$324K$5K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $18K$0 990 PDF
FY2023 Viewing $361K$337K$24K$84 990 PDF
FY2022 $235K$251K−$16K$0 990 PDF
FY2021 $171K$742 990 PDF
FY2020 $132K$2K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $361,194 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $170,601$127,232
I-9 Program service revenuePrior year $63,980$233,962
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $234,581$361,194
I-13 Grants and similar amounts paidPrior year $6,050$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $114,373$119,291
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $130,471$217,889
I-18 Total expensesPrior year $250,894$337,180
I-19 Revenue less expensesPrior year −$16,313$24,014
Part VI · Governance 5 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $361,194 across 8 lines filed
VIII-1a Federated campaigns$0
VIII-1d Related organizations$0
VIII-1e Government grants$54,617
VIII-1f All other contributions, gifts and grants$72,615
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$127,232
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $233,962 · Excluded from tax $0$233,962
VIII-12 Total revenueRelated to mission $233,962 · Unrelated business $0 · Excluded from tax $0$361,194
Part IX · Statement of functional expenses $337,180 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $57,800 · Management $3,400 · Fundraising $6,800$68,000
IX-7 Other salaries and wagesPrograms $29,217$29,217
IX-10 Payroll taxesPrograms $22,074$22,074
IX-11c Accounting feesPrograms $4,388$4,388
IX-11g Other fees for servicesPrograms $638$638
IX-12 Advertising and promotionPrograms $3,178 · Fundraising $1,059$4,237
IX-13 Office expensesPrograms $9,334 · Management $1,099 · Fundraising $557$10,990
IX-14 Information technologyPrograms $0$0
IX-16 OccupancyPrograms $4,194 · Management $493 · Fundraising $246$4,933
IX-17 TravelPrograms $61$61
IX-23 InsurancePrograms $1,200$1,200
IX-24 Other expenses (24a–d)Programs $187,404$187,404
IX-24e All other expensesPrograms $4,038$4,038
IX-25 Total functional expensesPrograms $323,526 · Management $4,992 · Fundraising $8,662$337,180
Part X · Balance sheet $990 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $716$981
X-2 Savings and temporary cash investmentsStart of year $7$9
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $14,613$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $15,570$0
X-16 Total assetsStart of year $30,906$990
X-17 Accounts payable and accrued expensesStart of year $13,025$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $30,906$906
X-27 Net assets without donor restrictionsStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$84
X-33 Total liabilities and net assetsStart of year $30,906$990
Part XI · Reconciliation of net assets $84 net assets at year end
XI-1 Total revenue$361,194
XI-2 Total expenses$337,180
XI-3 Revenue less expenses$24,014
XI-4 Net assets at start of year$0
XI-9 Other changes in net assets−$23,930
XI-10 Net assets at end of year$84

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

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