Infinite Insight INC FY2020 filing

Tax-deductible

Estill, SC501(c)(3)Foundations & GrantmakersEIN 82-1756643Revenue $574K in FY2020

On file with the IRSinfiniteinsight.org138 Newton Corner Rd, 29918-5301 · Estill, SCTax-exempt since Dec 2017Publicly supported charity — 170(b)(1)(A)(vi)

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Infinite Insight Inc invests in children and adults who reside in rural communities by providing holistic, continuous, and unconventional place-based educational services as a response to persistent-poverty and to improve quality of life.

501(c)(3) charity; gifts are tax-deductible.
22¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $452K a year · 95% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
22%
of spending
Concern: 22% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $24
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$32K
99% of total assets
Concern: liabilities are 99% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$574K
+0.04% vs prior year
Spent
$16K
To programs
22%
Net assets
$174
By yearFY2019–FY2021
Revenue
$574K
FY2020+0.04%
Tap a bar for its year
Revenue by fiscal year
FY2019$574K
FY2020$574K
FY2021$273K
Expenses
$16K
FY2020▼ -59%
Tap a bar for its year
Expenses by fiscal year
FY2019$40K
FY2020$16K
FY2021$8K
Net assets
$174
FY2020▼ -97%
Tap a bar for its year
Net assets by fiscal year
FY2019$6K
FY2020$174
FY2021$3K

From the FY2020 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021. IRS ruling in Dec 2017.

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

Where the money goes

22 cents of each dollar spent went to programs.

Program services 22% · $4K Management & general 75% · $12K Fundraising 3% · $532

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

Tonya R Beckett’s $536 as CIO is at the 2nd percentile of top reported officer pay among 133 <$100K 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 · 2 named individuals · Part VII

NameFY2021FY2019
Tonya R Beckett PHD—$29,197
Tonya R Beckett$536—

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 15aYes

Programs and updates

Provides unconventional education to rural residents to combat poverty and improve lives.

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Provided by the organization

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2 programs · $4K · in their own filed words · FY2020
01

Equine-Assisted Activities (EAA) are any specific activity (e.g. therapeutic riding, mounted or ground activities, grooming and stable management, shows, parades, demonstration, etc.) in which clients, participants, volunteers, instructors, and equines are involved.

$3Kprogram expense
02

Therapeutic riding (TR) is designed for participants with disabilities and special needs to learn unmounted equestrian skills such as grooming techniques, tacking and untacking procedures, and mounted equestrian skills in the English discipline with the assistance of a Horse Leader, a Side Walker, and a Silent Off-Side Walker, or a…

$905program expense

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 · FY2023
Total grants receivedfrom 1 funder$24

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$574K
Ln 12
Gifts and grantsLn 1h$569K
Fees for servicesLn 2g$6K
Money outPt IX
$16K
Ln 25
Programscol B$4K
Managementcol C$12K
Fundraisingcol D$532
Owns and owesPt X
$174
net assets · Ln 32
Cash and savingsLn 1–2$174
Total assetsLn 16$32K
LiabilitiesLn 26$32K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$569K
Government grantsLn 1e$0
Noncash giftsLn 1g$555K
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$6K
Total revenueLn 12$574K
Assets in detailPt X, end of year
CashLn 1$174
SavingsLn 2$0
Cash and savings togetherLn 1–2$174
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$32K
Total assetsLn 16$32K
LiabilitiesLn 26$32K
Net assetsLn 32$174
OperationsPt I, VI
EmployeesI 51
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$6K$174
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$26K$32K
LiabilitiesLn 26$20K$32K
Net assetsLn 32$6K$174
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$6K$0$6K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$859$0$859$0
Payroll taxesLn 10$415$0$415$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$388$0$388$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$240$240$0$0
Advertising and promotionLn 12$623$91$0$532
Office expensesLn 13$5K$2K$3K$0
Information technologyLn 14$355$0$355$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$2K$557$1K$0
TravelLn 17$643$643$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$112$112$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$0$0$0$0
Total functional expensesLn 25$16K$4K$12K$532

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $273K$8K$265K$3K 990 PDF
FY2020 Viewing $574K$16K$558K$174 990 PDF
FY2019 $574K$40K$534K$6K 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 FY2020 990 (6 parts)
Part I · Summary $574,095 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $551,645$568,514
I-9 Program service revenuePrior year $22,241$5,581
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $573,886$574,095
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $27,158$7,356
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $12,546$9,033
I-18 Total expensesPrior year $39,704$16,389
I-19 Revenue less expensesPrior year $534,182$557,706
Part VI · Governance 0 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $574,095 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$568,514
VIII-1g Noncash contributions (included above)$554,632
VIII-1h Total contributions, gifts and grants$568,514
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,581 · Unrelated business $0 · Excluded from tax $0$5,581
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $5,581 · Unrelated business $0 · Excluded from tax $0$574,095
Part IX · Statement of functional expenses $16,389 across 25 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $6,082 · Fundraising $0$6,082
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $859 · Fundraising $0$859
IX-10 Payroll taxesPrograms $0 · Management $415 · Fundraising $0$415
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $388 · Fundraising $0$388
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $240 · Management $0 · Fundraising $0$240
IX-12 Advertising and promotionPrograms $91 · Management $0 · Fundraising $532$623
IX-13 Office expensesPrograms $1,915 · Management $2,993 · Fundraising $0$4,908
IX-14 Information technologyPrograms $0 · Management $355 · Fundraising $0$355
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $557 · Management $1,207 · Fundraising $0$1,764
IX-17 TravelPrograms $643 · Management $0 · Fundraising $0$643
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $112 · Management $0 · Fundraising $0$112
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $3,558 · Management $12,299 · Fundraising $532$16,389
Part X · Balance sheet $32,278 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $5,947$174
X-2 Savings and temporary cash investmentsStart of year $0$0
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 $0$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 $20,262$32,104
X-16 Total assetsStart of year $26,209$32,278
X-17 Accounts payable and accrued expensesStart of year $20,262$32,104
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 $20,262$32,104
X-32 Total net assets or fund balancesStart of year $5,947$174
X-33 Total liabilities and net assetsStart of year $26,209$32,278
Part XI · Reconciliation of net assets $174 net assets at year end
XI-1 Total revenue$574,095
XI-2 Total expenses$16,389
XI-3 Revenue less expenses$557,706
XI-4 Net assets at start of year$5,947
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities−$563,479
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$174

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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