Bjs Heart Incorporated FY2023 filing

Tax-deductible

Collierville, TN501(c)(3)Youth DevelopmentEIN 82-1620534Revenue $270K in FY2023

On file with the IRS940 Elm Grove Cir, 38017-3364 · Collierville, TNTax-exempt since Oct 2020Publicly supported charity — 170(b)(1)(A)(vi)

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To reach and mentor youth, young adults, and families to be modern citizens and future leaders in their communities.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
$63K 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
1 of 2
filings with a surplus
Average surplus $6K a year · 2% 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
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$63K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$270K
Spent
$241K
To programs
63%
Net assets
$29K
By yearFY2023–FY2024
Revenue
$270K
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$270K
FY2024$334K
Expenses
$241K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$241K
FY2024$351K
Net assets
$29K
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$29K
FY2024$0

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Revoked May 2020, reinstated. IRS ruling Oct 2020, per the IRS master file. Latest filing on record: FY2024. IRS ruling in Oct 2020.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $152K Management & general 37% · $89K

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

5 people listed on the 990; $63K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$62,575Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Renardo Baker’s $37K as Executive Director is at the 28th percentile of top reported officer pay among 1992 $100K–1M youth development 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

NameFY2024FY2023
Renardo Baker$36,961$62,575

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Reaches and mentors youth, young adults, and families to become modern citizens and future leaders.

Questions for Bjs Heart Incorporated

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Provided by the organization

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1 program · $152K · in their own filed words · FY2023
01

Through our strategic partnership with Youth Villages/Memphis Allies, our organization has been dedicated to addressing the urgent issue of gun violence reduction in Memphis, TN. Our collaborative efforts have resulted in the successful enrollment of 48 participants.

$152Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$270K
Ln 12
Fees for servicesLn 2g$270K
Investment incomeLn 3$71
Money outPt IX
$241K
Ln 25
Programscol B$152K
Managementcol C$89K
Owns and owesPt X
$29K
net assets · Ln 32
Cash and savingsLn 1–2$29K
Total assetsLn 16$29K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$270K
Investment incomeLn 3$71
Total revenueLn 12$270K
Assets in detailPt X, end of year
CashLn 1$29K
Cash and savings togetherLn 1–2$29K
Total assetsLn 16$29K
LiabilitiesLn 26$0
Net assetsLn 32$29K
OperationsPt I, VI
EmployeesI 58
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$29K
Total assetsLn 16$0$29K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$29K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$63K$31K$31K$0
Other salaries and wagesLn 7$108K$108K$0$0
Other employee benefitsLn 9$11K$0$11K$0
Payroll taxesLn 10$14K$0$14K$0
Accounting feesLn 11c$14K$0$14K$0
Advertising and promotionLn 12$4K$4K$0$0
Office expensesLn 13$12K$8K$4K$0
Information technologyLn 14$697$697$0$0
Other expenses (24a–d)Ln 24$15K$0$15K$0
Total functional expensesLn 25$241K$152K$89K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $334K$351K−$17K$0 990 PDF
FY2023 Viewing $270K$241K$29K$29K 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 $270,069 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$269,998
I-10 Investment income$71
I-11 Other revenue$0
I-12 Total revenue$270,069
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$195,894
I-16a Professional fundraising fees$0
I-17 Other expenses$44,890
I-18 Total expenses$240,784
I-19 Revenue less expenses$29,285
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $270,069 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$269,998
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$71
VIII-12 Total revenueRelated to mission $270,069 · Unrelated business $0 · Excluded from tax $0$270,069
Part IX · Statement of functional expenses $240,784 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $31,287 · Management $31,287 · Fundraising $0$62,574
IX-7 Other salaries and wagesPrograms $108,143 · Management $0 · Fundraising $0$108,143
IX-9 Other employee benefitsPrograms $0 · Management $10,868 · Fundraising $0$10,868
IX-10 Payroll taxesPrograms $0 · Management $14,309 · Fundraising $0$14,309
IX-11c Accounting feesPrograms $0 · Management $13,500 · Fundraising $0$13,500
IX-12 Advertising and promotionPrograms $3,700 · Management $0 · Fundraising $0$3,700
IX-13 Office expensesPrograms $7,673 · Management $3,963 · Fundraising $0$11,636
IX-14 Information technologyPrograms $697 · Management $0 · Fundraising $0$697
IX-24 Other expenses (24a–d)Programs $0 · Management $15,357 · Fundraising $0$15,357
IX-25 Total functional expensesPrograms $151,500 · Management $89,284 · Fundraising $0$240,784
Part X · Balance sheet $29,284 assets, 6 lines filed
X-1 Cash, non-interest-bearing$29,284
X-16 Total assetsStart of year $0$29,284
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$29,284
X-32 Total net assets or fund balancesStart of year $0$29,284
X-33 Total liabilities and net assetsStart of year $0$29,284
Part XI · Reconciliation of net assets $29,284 net assets at year end
XI-1 Total revenue$270,069
XI-2 Total expenses$240,784
XI-3 Revenue less expenses$29,285
XI-10 Net assets at end of year$29,284

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

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