Toledo Streets Workforce Development Corporation

Tax-deductible

Toledo, OH501(c)(3)EmploymentEIN 82-3728837Revenue $145K in FY2024

On file with the IRStoledostreets.com316 Adams St, 43604-1557 · Toledo, OHTax-exempt since May 2020Publicly supported charity — 170(b)(1)(A)(vi)

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We serve our vendors and our community by providing a safe space for engagement, an awareness of what is possible, and connection to resources.

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
$50K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
1 of 5
filings with a surplus
Average deficit $5K a year · 4% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$50K
to officers and key staff · 34% of spending
Top officer’s pay higher than 52% of similar orgs
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $50K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$495
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$145K
+12% vs prior year
Spent
$147K
To programs
64%
Net assets
$6K
By yearFY2020–FY2024
Revenue
$145K
FY2024▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$117K
FY2021$115K
FY2022$112K
FY2023$130K
FY2024$145K
Expenses
$147K
FY2024▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$127K
FY2021$116K
FY2022$104K
FY2023$152K
FY2024$147K
Net assets
$6K
FY2024▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$20K
FY2021$19K
FY2022$28K
FY2023$6K
FY2024$6K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2020.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $94K Management & general 36% · $53K

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

11 people listed on the 990; $50K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$50,000Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Valerie Vetter’s $50K as Executive Director is at the 52nd percentile of top reported officer pay among 1216 $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.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
Valerie Vetter$50,000$43,750

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 Toledo Streets Workforce Development Corporation 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

Connects vendors and community to resources, fostering engagement and awareness in a safe space.

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Provided by the organization

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1 program · $94K · in their own filed words · FY2024
01

We serve our vendors and our community by providing a safe space for engagement, an awareness of what is possible, and connection to resources.

$94Kprogram 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 2 funders$50K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$145K
Ln 12
Gifts and grantsLn 1h$145K
Money outPt IX
$147K
Ln 25
Programscol B$94K
Managementcol C$53K
Owns and owesPt X
$6K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$6K
LiabilitiesLn 26$495
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$145K
Government grantsLn 1e$31K
Total revenueLn 12$145K
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$57
Cash and savings togetherLn 1–2$5K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$6K
LiabilitiesLn 26$495
Net assetsLn 32$6K
OperationsPt I, VI
EmployeesI 55
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 FY24End FY24
Cash and savingsLn 1–2$8K$5K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$9K$6K
LiabilitiesLn 26$2K$495
Net assetsLn 32$6K$6K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$91K$41K$50K$0
Payroll taxesLn 10$7K$7K$0$0
Legal feesLn 11b$200$200$0$0
Other fees for servicesLn 11g$15K$14K$814$0
Advertising and promotionLn 12$2K$2K$0$0
Office expensesLn 13$3K$3K$0$0
OccupancyLn 16$11K$11K$0$0
InsuranceLn 23$2K$134$2K$0
Other expenses (24a–d)Ln 24$17K$17K$0$0
Total functional expensesLn 25$147K$94K$53K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $145K$147K−$2K$6K 990 PDF
FY2023 $130K$152K−$22K$6K 990 PDF
FY2022 $112K$104K$8K$28K 990 PDF
FY2021 $115K$116K−$447$19K 990 PDF
FY2020 $117K$127K−$9K$20K 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 $145,058 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $104,065$145,058
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $25,523$0
I-12 Total revenuePrior year $129,588$145,058
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 $90,276$97,641
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $61,254$48,974
I-18 Total expensesPrior year $151,530$146,615
I-19 Revenue less expensesPrior year −$21,942−$1,557
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $145,058 across 4 lines filed
VIII-1e Government grants$31,250
VIII-1f All other contributions, gifts and grants$113,808
VIII-1h Total contributions, gifts and grants$145,058
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$145,058
Part IX · Statement of functional expenses $146,615 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $40,539 · Management $50,000 · Fundraising $0$90,539
IX-10 Payroll taxesPrograms $7,102 · Management $0 · Fundraising $0$7,102
IX-11b Legal feesPrograms $200 · Management $0 · Fundraising $0$200
IX-11g Other fees for servicesPrograms $13,732 · Management $814 · Fundraising $0$14,546
IX-12 Advertising and promotionPrograms $1,726 · Management $0 · Fundraising $0$1,726
IX-13 Office expensesPrograms $2,607 · Management $0 · Fundraising $0$2,607
IX-16 OccupancyPrograms $10,675 · Management $0 · Fundraising $0$10,675
IX-23 InsurancePrograms $134 · Management $2,212 · Fundraising $0$2,346
IX-24 Other expenses (24a–d)Programs $16,874 · Management $0 · Fundraising $0$16,874
IX-25 Total functional expensesPrograms $93,589 · Management $53,026 · Fundraising $0$146,615
Part X · Balance sheet $6,201 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $7,731$5,144
X-2 Savings and temporary cash investmentsStart of year $57$57
X-10c Land, buildings and equipment, netStart of year $0$0
X-14 Intangible assetsStart of year $1,000$1,000
X-16 Total assetsStart of year $8,788$6,201
X-25 Other liabilitiesStart of year $2,366$495
X-26 Total liabilitiesStart of year $2,366$495
X-32 Total net assets or fund balancesStart of year $6,422$5,706
X-33 Total liabilities and net assetsStart of year $8,788$6,201
Part XI · Reconciliation of net assets $5,706 net assets at year end
XI-1 Total revenue$145,058
XI-2 Total expenses$146,615
XI-3 Revenue less expenses−$1,557
XI-4 Net assets at start of year$6,422
XI-9 Other changes in net assets$841
XI-10 Net assets at end of year$5,706

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

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