Verbalife INC: FY2020 Nonprofit Profile & Form 990 (EIN 82-4082942)

Revenue by fiscal year
FY2020	$874K
FY2021	$68K
FY2022	−$82K

Expenses by fiscal year
FY2020	$33K
FY2021	$13K
FY2022	$71K

Net assets by fiscal year
FY2020	$928K
FY2021	$982K
FY2022	$829K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022. IRS ruling in Aug 2018.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $33K

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

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation

Kabir Singh

Secretary

$0Pt VII · Sec A

Micheal Silberman

Vice President

$0Pt VII · Sec A

Matthew Bell

President

$0Pt VII · Sec A

See Verbalife INC executive salaries →

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
Loans to or from officersSch L · Pt II1 listed

Programs and updates

Verbalife INC is a human services nonprofit based in Toledo, OH.

Questions for Verbalife INC

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1 program · $33K · in their own filed words · FY2020

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.

$33Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$874K

Ln 12

Gifts and grantsLn 1h$880K

Money outPt IX

$33K

Ln 25

Programscol B$33K

Owns and owesPt X

$928K

net assets · Ln 32

Cash and savingsLn 1–2$17K

Total assetsLn 16$1.5M

LiabilitiesLn 26$527K

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$880K

Noncash giftsLn 1g$864K

Gains on assetsLn 7−$9K

Total revenueLn 12$874K

Assets in detailPt X, end of year

CashLn 1$17K

Cash and savings togetherLn 1–2$17K

Land, buildings, equipmentLn 10c$1.4M

Other assetsLn 15$5K

Total assetsLn 16$1.5M

LiabilitiesLn 26$527K

Net assetsLn 32$928K

OperationsPt I, VI

EmployeesI 50

VolunteersI 650

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3More from this return

Abroad and in kindSch F, M

Noncash gifts receivedSch M Pt I$864K

4Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$6K	$17K
Land, buildings, equipmentLn 10c		$1.4M
Total assetsLn 16	$86K	$1.5M
LiabilitiesLn 26	$0	$527K
Net assetsLn 32	$86K	$928K

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Legal feesLn 11b	$2K	$2K
Advertising and promotionLn 12	$1K	$1K
Office expensesLn 13	$886	$886
OccupancyLn 16	$24K	$24K
TravelLn 17	$412	$412
InterestLn 20	$421	$421
Depreciation, depletion and amortizationLn 22	$307	$307
InsuranceLn 23	$4K	$4K
Other expenses (24a–d)Ln 24	$611	$611
Total functional expensesLn 25	$33K	$33K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 LatestFiled with the IRS Nov 15, 2023	−$82K	$71K	−$153K	$829K	990 PDF
FY2021Filed with the IRS Nov 15, 2022	$68K	$13K	$55K	$982K	990 PDF
FY2020 ViewingFiled with the IRS Nov 15, 2021	$874K	$33K	$841K	$928K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $874,312 revenue, 12 lines filed

I-8 Contributions and grants$879,886

I-9 Program service revenue$0

I-10 Investment income−$8,507

I-11 Other revenue$2,933

I-12 Total revenue$874,312

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expenses$33,040

I-18 Total expenses$33,040

I-19 Revenue less expenses$841,272

Part VI · Governance 4 of 4 board members independent, 4 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

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 $874,312 across 6 lines filed

VIII-1f All other contributions, gifts and grants$879,886

VIII-1g Noncash contributions (included above)$864,500

VIII-1h Total contributions, gifts and grants$879,886

VIII-6 Net rental income or lossExcluded from tax $2,933$2,933

VIII-7 Net gain or loss on sales of assetsRelated to mission −$8,507−$8,507

VIII-12 Total revenueRelated to mission −$8,507 · Unrelated business $0 · Excluded from tax $2,933$874,312

Part IX · Statement of functional expenses $33,040 across 9 lines filed

IX-11b Legal feesPrograms $1,548$1,548

IX-12 Advertising and promotionPrograms $1,050$1,050

IX-13 Office expensesPrograms $886$886

IX-16 OccupancyPrograms $23,958$23,958

IX-17 TravelPrograms $412$412

IX-20 InterestPrograms $421$421

IX-22 Depreciation, depletion and amortizationPrograms $307$307

IX-23 InsurancePrograms $3,847$3,847

IX-24 Other expenses (24a–d)Programs $611$611

IX-25 Total functional expensesPrograms $33,040 · Management $0 · Fundraising $0$33,040

Part X · Balance sheet $1,454,361 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $6,225$17,259

X-10c Land, buildings and equipment, net$1,432,102

X-15 Other assetsStart of year $80,080$5,000

X-16 Total assetsStart of year $86,305$1,454,361

X-24 Unsecured notes and loans payable$277,619

X-26 Total liabilitiesStart of year $0$526,784

X-27 Net assets without donor restrictionsStart of year $86,305$927,577

X-32 Total net assets or fund balancesStart of year $86,305$927,577

X-33 Total liabilities and net assetsStart of year $86,305$1,454,361

Part XI · Reconciliation of net assets $927,577 net assets at year end

XI-1 Total revenue$874,312

XI-2 Total expenses$33,040

XI-3 Revenue less expenses$841,272

XI-4 Net assets at start of year$86,305

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$927,577

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Verbalife INC FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Verbalife INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV