Brads House is an organization that assists with the care, wellbeing,and quality of life for youth placed in qrtp in the state of colorado

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $3K a year · under 1% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% 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
$278K
-20% vs prior year
Spent
$309K
To programs
100%
Net assets
$23K
By yearFY2021–FY2023
Revenue
$278K
FY2023▼ -20%
Tap a bar for its year
Revenue by fiscal year
FY2021$273K
FY2022$347K
FY2023$278K
Expenses
$309K
FY2023▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2021$237K
FY2022$362K
FY2023$309K
Net assets
$23K
FY2023▼ -57%
Tap a bar for its year
Net assets by fiscal year
FY2021$67K
FY2022$53K
FY2023$23K

From the FY2023 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Sep 2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $309K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

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

Nicholas Thompson’s $30K as Director is at the 18th percentile of top reported officer pay among 2168 $100K–1M human services 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 · 3 named individuals · Part VII

NameFY2022FY2021
Nicholas Thompson$30,000$14,813
William Thompson$15,000$7,412
Samantha Thompson$11,400$11,656

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.

See Brads House 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports youth in Colorado QRTPs with care, wellbeing, and quality of life.

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Provided by the organization

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1 program · $309K · in their own filed words · FY2023
01

QRTP youth development, care, well being, & quality of life

$309Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$30K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$278K
Ln 12
Fees for servicesLn 2g$256K
Gifts and grantsLn 1h$22K
Money outPt IX
$309K
Ln 25
Programscol B$309K
Owns and owesPt X
$23K
net assets · Ln 32
Cash and savingsLn 1–2$23K
Total assetsLn 16$23K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$22K
Fees for servicesLn 2g$256K
Total revenueLn 12$278K
Assets in detailPt X, end of year
CashLn 1$23K
Cash and savings togetherLn 1–2$23K
Total assetsLn 16$23K
LiabilitiesLn 26$0
Net assetsLn 32$23K
OperationsPt I, VI
EmployeesI 522
VolunteersI 60
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$53K$23K
Total assetsLn 16$53K$23K
LiabilitiesLn 26$0$0
Net assetsLn 32$53K$23K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$10K$10K
Information technologyLn 14$346$346
OccupancyLn 16$8K$8K
TravelLn 17$10K$10K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$269K$269K
All other expensesLn 24e$7K$7K
Total functional expensesLn 25$309K$309K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $278K$309K−$31K$23K 990 PDF
FY2022 $347K$362K−$14K$53K 990 PDF
FY2021 $273K$237K$36K$67K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $278,367 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $91,888$22,170
I-9 Program service revenuePrior year $255,296$256,197
I-10 Investment incomePrior year $1$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $347,185$278,367
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 $167,832$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $193,671$308,926
I-18 Total expensesPrior year $361,503$308,926
I-19 Revenue less expensesPrior year −$14,318−$30,559
Part VI · Governance 4 of 4 board members independent, 5 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $278,367 across 4 lines filed
VIII-1f All other contributions, gifts and grants$22,170
VIII-1h Total contributions, gifts and grants$22,170
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $256,197$256,197
VIII-12 Total revenueRelated to mission $256,197 · Unrelated business $0 · Excluded from tax $0$278,367
Part IX · Statement of functional expenses $308,926 across 8 lines filed
IX-11c Accounting feesPrograms $1,815$1,815
IX-12 Advertising and promotionPrograms $10,174$10,174
IX-14 Information technologyPrograms $346$346
IX-16 OccupancyPrograms $7,908$7,908
IX-17 TravelPrograms $9,989$9,989
IX-23 InsurancePrograms $2,477$2,477
IX-24 Other expenses (24a–d)Programs $268,893$268,893
IX-24e All other expensesPrograms $7,324$7,324
IX-25 Total functional expensesPrograms $308,926 · Management $0 · Fundraising $0$308,926
Part X · Balance sheet $22,746 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $53,305$22,746
X-16 Total assetsStart of year $53,305$22,746
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $53,305$22,746
X-33 Total liabilities and net assetsStart of year $53,305$22,746
Part XI · Reconciliation of net assets $22,746 net assets at year end
XI-1 Total revenue$278,367
XI-2 Total expenses$308,926
XI-3 Revenue less expenses−$30,559
XI-4 Net assets at start of year$53,305
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$22,746

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

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