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The 501 Exchange Co

Tax-deductible

Watkinsville, GA501(c)(3)Youth DevelopmentEIN 82-2639210Revenue $79K in FY2024

On file with the IRS2114 Hodges Mill Rd, 30677-7517 · Watkinsville, GATax-exempt since Feb 2018Publicly supported — 509(a)(2)

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The Organization curates content, culture, and events for the purpose of helping set others free spiritually, mentally, emotionally, financially, relationally, and physically.

501(c)(3) charity; gifts are tax-deductible.
9¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
2 of 5
filings with a surplus
Average surplus $35K a year · 20% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
9%
of spending
Concern: 9% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 14.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$36K
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$79K
-32% vs prior year
Spent
$93K
To programs
9%
Net assets
$103K
By yearFY2020–FY2024
Revenue
$79K
FY2024▼ -32%
Tap a bar for its year
Revenue by fiscal year
FY2020$355K
FY2021$184K
FY2022$149K
FY2023$117K
FY2024$79K
Expenses
$93K
FY2024▼ -38%
Tap a bar for its year
Expenses by fiscal year
FY2020$120K
FY2021$129K
FY2022$214K
FY2023$151K
FY2024$93K
Net assets
$103K
FY2024▼ -28%
Tap a bar for its year
Net assets by fiscal year
FY2020$235K
FY2021$283K
FY2022$218K
FY2023$143K
FY2024$103K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2018.

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

Where the money goes

9 cents of each dollar spent went to programs.

Program services 9% · $8K Management & general 84% · $78K Fundraising 7% · $7K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
Paul Smith
President
$0Pt VII · Sec A
Cecilia Haag
Treasurer
$0Pt VII · Sec A
Jason Tyne
Board Member
$0Pt VII · Sec A
Adam C Kersh
Vice President
$0Pt VII · Sec A
See The 501 Exchange Co executive salaries →

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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

Programs and updates

Frees people spiritually, mentally, emotionally, financially, relationally, and physically through curated content, culture, and events.

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Provided by the organization

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2 programs · $8K · in their own filed words · FY2024
01

The Organization via 310 Malachi, Tanzania Welfare Development Organization, provided the following. 12 Acres for Farming in Tanzania, 10 Acres of onion production, 2 Acres of Tomato Production, Equiment, and Fruit Trees.

$8Kprogram expense
02

The organization invests in individuals providing them with the opportunity to get free via rehibilitaion, community groups, and hardship assistance.

Pt IX · col B

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 · FY2022
Natl Christian Charitable Fdn INCFY2022$20K
Total grants receivedfrom 1 funder$20K
Grants paid · 4 grants · $21K · 2021–2021
Thirst No More CorporationMD · FY2021$10,200
Boyscouts of AmericaFY2021$6,994
Hope Quest Ministry GroupFY2021$2,500
EspFY2021$822

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$79K
Ln 12
Gifts and grantsLn 1h$79K
Money outPt IX
$93K
Ln 25
Programscol B$8K
Managementcol C$78K
Fundraisingcol D$7K
Owns and owesPt X
$103K
net assets · Ln 32
Cash and savingsLn 1–2$112K
Total assetsLn 16$139K
LiabilitiesLn 26$36K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$79K
Total revenueLn 12$79K
Assets in detailPt X, end of year
CashLn 1$112K
Cash and savings togetherLn 1–2$112K
Land, buildings, equipmentLn 10c$27K
Total assetsLn 16$139K
LiabilitiesLn 26$36K
Net assetsLn 32$103K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$117K$112K
Land, buildings, equipmentLn 10c$27K$27K
Total assetsLn 16$144K$139K
LiabilitiesLn 26$1K$36K
Net assetsLn 32$143K$103K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$52K$52K
Other employee benefitsLn 9$3K$3K
Management feesLn 11a$1K$1K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$524$524
Office expensesLn 13$10K$10K
TravelLn 17$118$118
Depreciation, depletion and amortizationLn 22$8K$8K
Other expenses (24a–d)Ln 24$10K$3K$7K
Total functional expensesLn 25$93K$8K$78K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $79K$93K−$14K$103K 990 PDF
FY2023 $117K$151K−$35K$143K 990 PDF
FY2022 $149K$214K−$65K$218K 990 PDF
FY2021 $184K$129K$55K$283K 990 PDF
FY2020 $355K$120K$235K$235K 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 FY2024 990 (6 parts)
Part I · Summary $79,176 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $116,780$79,176
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $116,780$79,176
I-13 Grants and similar amounts paidPrior year $21,445$0
I-14 Benefits paid to membersPrior year $2,720$0
I-15 Salaries and benefitsPrior year $65,801$55,378
I-16a Professional fundraising feesPrior year $50$0
I-17 Other expensesPrior year $61,266$37,700
I-18 Total expensesPrior year $151,282$93,078
I-19 Revenue less expensesPrior year −$34,502−$13,902
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $79,176 across 4 lines filed
VIII-1f All other contributions, gifts and grants$79,176
VIII-1h Total contributions, gifts and grants$79,176
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$79,176
Part IX · Statement of functional expenses $93,078 across 10 lines filed
IX-7 Other salaries and wagesManagement $52,500$52,500
IX-9 Other employee benefitsManagement $2,878$2,878
IX-11a Management feesManagement $1,200$1,200
IX-11c Accounting feesManagement $3,550$3,550
IX-11g Other fees for servicesManagement $4,375$4,375
IX-12 Advertising and promotionManagement $524$524
IX-13 Office expensesManagement $9,747$9,747
IX-17 TravelManagement $118$118
IX-22 Depreciation, depletion and amortizationPrograms $8,391$8,391
IX-24 Other expenses (24a–d)Management $3,226 · Fundraising $6,569$9,795
IX-25 Total functional expensesPrograms $8,391 · Management $78,118 · Fundraising $6,569$93,078
Part X · Balance sheet $138,581 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $117,187$111,547
X-10c Land, buildings and equipment, netStart of year $27,034$27,034
X-16 Total assetsStart of year $144,221$138,581
X-25 Other liabilitiesStart of year $1,476$35,612
X-26 Total liabilitiesStart of year $1,476$35,612
X-27 Net assets without donor restrictionsStart of year $142,745$102,969
X-32 Total net assets or fund balancesStart of year $142,745$102,969
X-33 Total liabilities and net assetsStart of year $144,221$138,581
Part XI · Reconciliation of net assets $102,969 net assets at year end
XI-1 Total revenue$79,176
XI-2 Total expenses$93,078
XI-3 Revenue less expenses−$13,902
XI-4 Net assets at start of year$142,745
XI-8 Prior period adjustments−$25,874
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$102,969

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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