Tools & Tiaras INC FY2021 filing

Tax-deductible

Jamaica, NY501(c)(3)EmploymentEIN 82-1675434

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Tools & Tiaras exposes, inspires and mentors girls about becoming future skilled tradeswomen

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
4 of 5
filings with a surplus
Average surplus $79K a year · 25% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
34 mo
of spending, in cash
Looks good: 34.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $265K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$70K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 8 voting members
Looks good: 5 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$441K
+75% vs prior year
Spent
$230K
To programs
76%
Net assets
$587K
By yearFY2020–FY2024
Revenue
$441K
FY2021▲ +75%
Revenue by fiscal year
FY2020$252K
FY2021$441K
FY2022$251K
FY2023$267K
FY2024$352K
Expenses
$230K
FY2021▲ +122%
Expenses by fiscal year
FY2020$104K
FY2021$230K
FY2022$252K
FY2023$252K
FY2024$332K
Net assets
$587K
FY2021▲ +51%
Net assets by fiscal year
FY2020$389K
FY2021$587K
FY2022$571K
FY2023$585K
FY2024$605K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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 2017.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $176K Management & general 24% · $54K

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

1 person listed on the 990.

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

Judaline Cassidy’s $47K as President is at the 50th percentile of top reported officer pay among 1217 $100K–1M employment 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.

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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 15aYes

Programs and updates

Empowering girls with skills and inspiration to become future tradeswomen.

Provided by the organization

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1 program service account for $176K of program spending, described in the organization's own filed words · FY2021.
01

We provide monthly workshops for girls who have their schools and other activities on the weekdays. Our workshops take place on Saturdays so that maximum number of girls can have to access this opportunity and learn something they might have never experienced before.

$176Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 9 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$441K
Ln 12
Gifts and grantsLn 1h$441K
Money outPt IX
$230K
Ln 25
Programscol B$176K
Managementcol C$54K
Owns and owesPt X
$587K
net assets · Ln 32
Cash and savingsLn 1–2$657K
Total assetsLn 16$657K
LiabilitiesLn 26$70K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$441K
Government grantsLn 1e$280K
Total revenueLn 12$441K
Assets in detailPt X, end of year
SavingsLn 2$657K
Cash and savings togetherLn 1–2$657K
Total assetsLn 16$657K
LiabilitiesLn 26$70K
Net assetsLn 32$587K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY21End FY21
Cash and savingsLn 1–2$466K$657K
Total assetsLn 16$466K$657K
LiabilitiesLn 26$78K$70K
Net assetsLn 32$389K$587K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$46K$46K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$49K$10K$39K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$121K$115K$7K
Total functional expensesLn 25$230K$176K$54K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $352K$332K$20K$605K 990 PDF
FY2023 $267K$252K$15K$585K 990 PDF
FY2022 $251K$252K−$1K$571K 990 PDF
FY2021 Viewing $441K$230K$211K$587K 990 PDF
FY2020 $252K$104K$148K$389K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $440,780 across 4 lines filed
VIII-1e Government grants$280,000
VIII-1f All other contributions, gifts and grants$160,780
VIII-1h Total contributions, gifts and grants$440,780
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$440,780
Part IX · Statement of functional expenses $230,161 across 5 lines filed
IX-4 Benefits paid to or for membersPrograms $45,758$45,758
IX-11c Accounting feesManagement $8,632$8,632
IX-11g Other fees for servicesPrograms $10,032 · Management $39,087$49,119
IX-12 Advertising and promotionPrograms $5,318$5,318
IX-13 Office expensesPrograms $114,827 · Management $6,507$121,334
IX-25 Total functional expensesPrograms $175,935 · Management $54,226 · Fundraising $0$230,161
Part X · Balance sheet $657,378 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $466,037$656,923
X-4 Accounts receivableStart of year $455$455
X-16 Total assetsStart of year $466,492$657,378
X-26 Total liabilitiesStart of year $77,876$69,900
X-27 Net assets without donor restrictionsStart of year $388,616$587,478
X-32 Total net assets or fund balancesStart of year $388,616$587,478
X-33 Total liabilities and net assetsStart of year $466,492$657,378
Part XI · Reconciliation of net assets $587,478 net assets at year end
XI-1 Total revenue$440,780
XI-2 Total expenses$230,161
XI-3 Revenue less expenses$210,619
XI-4 Net assets at start of year$388,616
XI-8 Prior period adjustments−$11,757
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$587,478

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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