Verbalife INC EIN 82-4082942

Verbalife INC

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Verbalife INC is a human services nonprofit based in Toledo, OH. For fiscal year 2022 it reported $-82K in revenue, $71K in expenses, and $829K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Toledo, OH
Filings
3 on file (2020–2022)
Revenue
$-82KFY2022
Expenses
$71K
Net assets
$829K
People
4
Filings
3
Updates
0
More identity details & actions ⌄
EIN  82-4082942 Public charity (501(c)(3)) Toledo, OH
Form 990 (PDF)
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Size
<$100K
What they do
a human services nonprofit
Leadership
Kabir Singh · President
Money in and out
$-82K revenue, $71K expenses
Bottom line
100% program efficiency
Where the money goes · FY2022
Total revenue
$-82K
Pt VIII · Ln 12
Total expenses
$71K
Pt IX · Ln 25
Net assets
$829K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$153K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
19.6mo
months of highly liquid reserves at operating expense rate▼ -90% vs prior filing year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$-82K
FY2022▼ -220%
Expenses
$71K
FY2022▲ +448%
Total assets
$1.4M
FY2022▼ -16%
Total liabilities
$601K
FY2022▼ -17%
Total revenue
$-82K
Pt VIII · Ln 12
Total expenses
$71K
Pt IX · Ln 25
Net assets
$829K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$153K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

1 program service account for $71K of program spending, described in the organization's own filed words · FY2022.
01

To promote overall quality of life in the community through social, educational, recreational and housing programs while passionately incorporating care, compassion, communication and consistencse into the community through the hands and hearts of individuals in recovery as well as those who have been affected by addiction.

$71Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CVerbalife INC
EINHdr · item D82-4082942
Principal addressHdr · item CToledo, OH
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFAug 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$71K
Total functional expensesLn 25$71K

Balance Sheet

Part X · end of year
CashLn 1$116K
Total assetsLn 16$1.4M
Total liabilitiesLn 26$601K
Total net assetsLn 32$829K
Months of cash on handcomputed19.6

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $116K · Operating expenses/yr $71K
19.6 months
Where the money goes
Program services
Program services $71K · Total expenses $71K
100%
Management & General
Management & general $0 · Total expenses $71K
0%
Fundraising
Fundraising $0 · Total expenses $71K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $293K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $-82K
Government reliance
Government grants — · Total revenue $-82K
Earned-income share
Program service revenue $0 · Total revenue $-82K
Investment reliance
Investment income $-82K · Total revenue $-82K
Program self-sufficiency
Program service revenue $0 · Total expenses $71K
0%
Growth & trend
Revenue growth (YoY)
This year $-82K · Prior year $68K
-220%
Net-asset trend (YoY)
End of year $829K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $-82K · Expenses $71K
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
Net-asset ratio
Net assets $829K · Total assets $1.4M
58%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kabir Singh · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $71K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $71K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Revenue growth -220%
Legal fee ratio 2%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $65K · 2022–2022
Team Recovery Ohio LLCFY2022$57,009
Sbb Rouge LLCFY2022$7,496

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2022 (Latest)$-82K revenue · viewing · ⤓ 990 PDF
FY2021$68K revenue · ⤓ 990 PDF
FY2020$874K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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