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Aster Impact Incorporated FY2020 filing

Tax-deductible

Lewes, DE501(c)(3)International EIN 83-0695365Revenue $129K in FY2020

On file with the IRSasterimpact.org16192 Coastal Hwy, 19958-3608 · Lewes, DETax-exempt since Mar 2020Publicly supported charity — 170(b)(1)(A)(vi)

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Incubate, Advise and Advocate social enterprises to build an inclusive and circular economy.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · 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 4
filings with a surplus
Average deficit $6K a year · 13% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$24K
103% of total assets
Concern: liabilities are 103% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$129K
Spent
$130K
To programs
77%
Net assets
−$650
By yearFY2020–FY2024
Revenue
$129K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$129K
FY2021$33K
FY2022$6K
FY2024$6K
Expenses
$130K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$130K
FY2021$54K
FY2022$6K
FY2024$6K
Net assets
−$650
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$650
FY2021−$22K
FY2022−$22K
FY2024$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

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

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $99K Management & general 23% · $30K Fundraising 1% · $650

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
Edmund Yong
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Leah Zveglich
Executive Director
$0Pt VII · Sec A
See Aster Impact Incorporated 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

Supports social businesses to create a fair and sustainable economy.

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Provided by the organization

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1 program · $99K · in their own filed words · FY2020
01

Provided PPE products to the needed population during the PandemicSupported migrant workers during the PandemicOrganized webinars to advocate our causes: inclusive and circular economy

$99Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$129K
Ln 12
Gifts and grantsLn 1h$251K
Money outPt IX
$130K
Ln 25
Programscol B$99K
Managementcol C$30K
Fundraisingcol D$650
Owns and owesPt X
−$650
net assets · Ln 32
Cash and savingsLn 1–2$24K
Total assetsLn 16$24K
LiabilitiesLn 26$24K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$251K
Total revenueLn 12$129K
Assets in detailPt X, end of year
SavingsLn 2$24K
Cash and savings togetherLn 1–2$24K
Total assetsLn 16$24K
LiabilitiesLn 26$24K
Net assetsLn 32−$650
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$24K
Total assetsLn 16$0$24K
LiabilitiesLn 26$0$24K
Net assetsLn 32$0−$650
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$94K$94K
Legal feesLn 11b$8K$8K
Other fees for servicesLn 11g$6K$5K$650
Advertising and promotionLn 12$196$196
Office expensesLn 13$9K$9K
InterestLn 20$4K$4K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$6K$6K
Total functional expensesLn 25$130K$99K$30K$650

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $6K$6K$0$0 990 PDF
FY2023 Not on file
FY2022 $6K$6K$0−$22K 990 PDF
FY2021 $33K$54K−$22K−$22K 990 PDF
FY2020 Viewing $129K$130K−$649−$650 990 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 FY2020 990 (6 parts)
Part I · Summary $129,062 revenue, 12 lines filed
I-8 Contributions and grants$250,563
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue−$121,501
I-12 Total revenue$129,062
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$129,711
I-18 Total expenses$129,711
I-19 Revenue less expenses−$649
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $129,062 across 4 lines filed
Lines not itemized here account for −$121,501 of total revenue; see the IRS return.
VIII-1a Federated campaigns$16,242
VIII-1f All other contributions, gifts and grants$234,321
VIII-1h Total contributions, gifts and grants$250,563
VIII-12 Total revenueRelated to mission −$121,501 · Unrelated business $0 · Excluded from tax $0$129,062
Part IX · Statement of functional expenses $129,711 across 8 lines filed
IX-11a Management feesPrograms $93,965$93,965
IX-11b Legal feesManagement $8,500$8,500
IX-11g Other fees for servicesPrograms $5,353 · Fundraising $650$6,003
IX-12 Advertising and promotionManagement $196$196
IX-13 Office expensesManagement $8,893$8,893
IX-20 InterestManagement $3,613$3,613
IX-23 InsuranceManagement $2,541$2,541
IX-24 Other expenses (24a–d)Management $6,000$6,000
IX-25 Total functional expensesPrograms $99,318 · Management $29,743 · Fundraising $650$129,711
Part X · Balance sheet $23,561 assets, 6 lines filed
X-2 Savings and temporary cash investments$23,561
X-16 Total assetsStart of year $0$23,561
X-24 Unsecured notes and loans payable$24,211
X-26 Total liabilitiesStart of year $0$24,211
X-32 Total net assets or fund balancesStart of year $0−$650
X-33 Total liabilities and net assetsStart of year $0$23,561
Part XI · Reconciliation of net assets −$650 net assets at year end
XI-1 Total revenue$129,062
XI-2 Total expenses$129,711
XI-3 Revenue less expenses−$649
XI-8 Prior period adjustments−$1
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$650

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

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