The organization provides books for children in the hampton roads area of virginia.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 6 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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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 2
filings with a surplus
Average surplus $28K a year · 12% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$9K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $17K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 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
$241K
+15% vs prior year
Spent
$206K
To programs
90%
Net assets
$123K
By yearFY2021–FY2024
Revenue
$241K
FY2024▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2021$192K
FY2022$73K
FY2023$210K
FY2024$241K
Expenses
$206K
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$189K
FY2024$206K
Net assets
$123K
FY2024▲ +41%
Tap a bar for its year
Net assets by fiscal year
FY2021$78K
FY2022$67K
FY2023$87K
FY2024$123K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2017.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $185K Management & general 9% · $18K Fundraising 2% · $3K

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

8 people listed on the 990; $9K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$9,419Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Kyle Degood’s $9K as Executive Director is at the 6th 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

NameFY2024FY2023FY2022
Kyle Degood$9,419$11,250$12,500

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 Degood Foundation 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

Distributes books to children in Hampton Roads, Virginia.

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Provided by the organization

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1 program · $185K · in their own filed words · FY2024
01

The organization provides free, high-quality, age-appropriate books to children each month in the hampton roads area of virginia.

$185Kprogram 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 · FY2025
Total grants receivedfrom 2 funders$17K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$241K
Ln 12
Gifts and grantsLn 1h$241K
Investment incomeLn 3$311
Money outPt IX
$206K
Ln 25
Programscol B$185K
Managementcol C$18K
Fundraisingcol D$3K
Owns and owesPt X
$123K
net assets · Ln 32
Cash and savingsLn 1–2$73K
Total assetsLn 16$128K
LiabilitiesLn 26$5K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$241K
Noncash giftsLn 1g$1K
Fundraising eventsLn 1c$24K
Investment incomeLn 3$311
Total revenueLn 12$241K
Assets in detailPt X, end of year
CashLn 1$73K
Cash and savings togetherLn 1–2$73K
Land, buildings, equipmentLn 10c$516
Other assetsLn 15$20K
Total assetsLn 16$128K
LiabilitiesLn 26$5K
Net assetsLn 32$123K
OperationsPt I, VI
EmployeesI 51
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$52K$73K
Land, buildings, equipmentLn 10c$789$516
Total assetsLn 16$93K$128K
LiabilitiesLn 26$6K$5K
Net assetsLn 32$87K$123K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$9K$7K$942$1K
Management feesLn 11a$2K$1K$150$225
Other fees for servicesLn 11g$6K$6K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$907$907
Information technologyLn 14$7K$7K
OccupancyLn 16$4K$3K$420$630
Depreciation, depletion and amortizationLn 22$272$272
InsuranceLn 23$933$933
Other expenses (24a–d)Ln 24$137K$136K$380$114
All other expensesLn 24e$36K$34K$1K$765
Total functional expensesLn 25$206K$185K$18K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $241K$206K$35K$123K 990 PDF
FY2023 $210K$189K$21K$87K 990 PDF
FY2022 $73K$67K 990 PDF
FY2021 $192K$78K 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 FY2024 990 (6 parts)
Part I · Summary $241,261 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $209,912$240,950
I-9 Program service revenue$0
I-10 Investment incomePrior year $3$311
I-11 Other revenue$0
I-12 Total revenuePrior year $209,915$241,261
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $12,111$9,420
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $177,181$196,471
I-18 Total expensesPrior year $189,292$205,891
I-19 Revenue less expensesPrior year $20,623$35,370
Part VI · Governance 7 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $241,261 across 7 lines filed
VIII-1c Fundraising events$24,069
VIII-1f All other contributions, gifts and grants$216,881
VIII-1g Noncash contributions (included above)$1,152
VIII-1h Total contributions, gifts and grants$240,950
VIII-3 Investment incomeRelated to mission $311$311
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $311 · Unrelated business $0 · Excluded from tax $0$241,261
Part IX · Statement of functional expenses $205,891 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $7,065 · Management $942 · Fundraising $1,413$9,420
IX-11a Management feesPrograms $1,125 · Management $150 · Fundraising $225$1,500
IX-11g Other fees for servicesManagement $5,750$5,750
IX-12 Advertising and promotionPrograms $2,463$2,463
IX-13 Office expensesManagement $907$907
IX-14 Information technologyManagement $7,387$7,387
IX-16 OccupancyPrograms $3,150 · Management $420 · Fundraising $630$4,200
IX-22 Depreciation, depletion and amortizationPrograms $272$272
IX-23 InsuranceManagement $933$933
IX-24 Other expenses (24a–d)Programs $136,092 · Management $380 · Fundraising $114$136,586
IX-24e All other expensesPrograms $34,470 · Management $1,238 · Fundraising $765$36,473
IX-25 Total functional expensesPrograms $184,637 · Management $18,107 · Fundraising $3,147$205,891
Part X · Balance sheet $128,096 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $51,936$72,580
X-4 Accounts receivableStart of year $40,123$35,000
X-10c Land, buildings and equipment, netStart of year $789$516
X-15 Other assetsStart of year $414$20,000
X-16 Total assetsStart of year $93,262$128,096
X-17 Accounts payable and accrued expensesStart of year $5,986$5,450
X-26 Total liabilitiesStart of year $5,986$5,450
X-27 Net assets without donor restrictionsStart of year $57,837$82,646
X-28 Net assets with donor restrictionsStart of year $29,439$40,000
X-32 Total net assets or fund balancesStart of year $87,276$122,646
X-33 Total liabilities and net assetsStart of year $93,262$128,096
Part XI · Reconciliation of net assets $122,646 net assets at year end
XI-1 Total revenue$241,261
XI-2 Total expenses$205,891
XI-3 Revenue less expenses$35,370
XI-4 Net assets at start of year$87,276
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$122,646

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

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