The organization provides services to the disabled population by administering a pooled special needs trust for disabled individuals who cannot care for themselves.

501(c)(3) charity; gifts are tax-deductible.
51¢ of each $1 spent went to programs.
Run by 4 volunteers and 5 employees.
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
1 of 5
filings with a surplus
Average deficit $120K a year · 38% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
51%
of spending
Worth a look: 51% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $92K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$748K
×128 of total assets
Concern: liabilities are 12800% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$249K
-33% vs prior year
Spent
$258K
To programs
51%
Net assets
−$742K
By yearFY2020–FY2024
Revenue
$249K
FY2024▼ -33%
Tap a bar for its year
Revenue by fiscal year
FY2020$353K
FY2021$336K
FY2022$262K
FY2023$371K
FY2024$249K
Expenses
$258K
FY2024▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$577K
FY2021$519K
FY2022$552K
FY2023$265K
FY2024$258K
Net assets
−$742K
FY2024▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020−$366K
FY2021−$549K
FY2022−$839K
FY2023−$733K
FY2024−$742K

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 Apr 2019.

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

Where the money goes

51 cents of each dollar spent went to programs.

Program services 51% · $131K Management & general 49% · $127K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Jacob Spitzer’s $15K as Executive Director is at the 59th percentile of top reported officer pay among 540 $100K–1M mutual/membership 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 · 2 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Jacob Spitzer$15,384$198,077$103,846$69,576
Chaim Lunger———$123,462

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 The Everfund INC 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

Administers a special needs trust for disabled individuals unable to care for themselves.

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Provided by the organization

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1 program · $131K · in their own filed words · FY2024
01

The organization generates revenue from managing pooled medicaid trusts service programs for the benefit of disabled and special needs individuals in new york. The organization was established to manage pooled medicaid trusts pursuant to ny social services law section 366(2)(B)(2)(III)(B).

$131Kprogram 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 1 funder$92K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$249K
Ln 12
Fees for servicesLn 2g$202K
Gifts and grantsLn 1h$46K
Money outPt IX
$258K
Ln 25
Programscol B$131K
Managementcol C$127K
Owns and owesPt X
−$742K
net assets · Ln 32
Cash and savingsLn 1–2$909
Total assetsLn 16$6K
LiabilitiesLn 26$748K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$46K
Fees for servicesLn 2g$202K
Total revenueLn 12$249K
Assets in detailPt X, end of year
CashLn 1$909
Cash and savings togetherLn 1–2$909
Total assetsLn 16$6K
LiabilitiesLn 26$748K
Net assetsLn 32−$742K
OperationsPt I, VI
EmployeesI 55
VolunteersI 64
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 FY24End FY24
Cash and savingsLn 1–2$10K$909
Total assetsLn 16$10K$6K
LiabilitiesLn 26$742K$748K
Net assetsLn 32−$733K−$742K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$50$50
Other salaries and wagesLn 7$94K$94K
Payroll taxesLn 10$7K$7K
Legal feesLn 11b$14K$14K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$32K$32K
Advertising and promotionLn 12$231$231
Office expensesLn 13$14K$14K
Information technologyLn 14$32K$32K
OccupancyLn 16$30K$15K$15K
TravelLn 17$10K$10K
InterestLn 20$14K$14K
InsuranceLn 23$5K$5K
Total functional expensesLn 25$258K$131K$127K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $249K$258K−$9K−$742K 990 PDF
FY2023 $371K$265K$107K−$733K 990 PDF
FY2022 $262K$552K−$291K−$839K 990 PDF
FY2021 $336K$519K−$183K−$549K 990 PDF
FY2020 $353K$577K−$223K−$366K 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 $248,510 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$46,500
I-9 Program service revenuePrior year $231,221$202,010
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $140,075$0
I-12 Total revenuePrior year $371,296$248,510
I-13 Grants and similar amounts paidPrior year $100$50
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $130,960$101,223
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $133,549$156,365
I-18 Total expensesPrior year $264,609$257,638
I-19 Revenue less expensesPrior year $106,687−$9,128
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $248,510 across 4 lines filed
VIII-1f All other contributions, gifts and grants$46,500
VIII-1h Total contributions, gifts and grants$46,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $202,010$202,010
VIII-12 Total revenueRelated to mission $202,010 · Unrelated business $0 · Excluded from tax $0$248,510
Part IX · Statement of functional expenses $257,638 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $50$50
IX-7 Other salaries and wagesPrograms $94,030$94,030
IX-10 Payroll taxesPrograms $7,193$7,193
IX-11b Legal feesManagement $13,865$13,865
IX-11c Accounting feesManagement $6,525$6,525
IX-11g Other fees for servicesManagement $31,500$31,500
IX-12 Advertising and promotionManagement $231$231
IX-13 Office expensesPrograms $14,396$14,396
IX-14 Information technologyManagement $31,516$31,516
IX-16 OccupancyPrograms $14,923 · Management $14,923$29,846
IX-17 TravelManagement $9,694$9,694
IX-20 InterestManagement $13,750$13,750
IX-23 InsuranceManagement $5,042$5,042
IX-25 Total functional expensesPrograms $130,592 · Management $127,046 · Fundraising $0$257,638
Part X · Balance sheet $5,909 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $9,677$909
X-9 Prepaid expenses and deferred charges$5,000
X-16 Total assetsStart of year $9,677$5,909
X-17 Accounts payable and accrued expensesStart of year $58,299$32,396
X-24 Unsecured notes and loans payableStart of year $184,000$215,263
X-26 Total liabilitiesStart of year $742,299$747,659
X-27 Net assets without donor restrictionsStart of year −$732,622−$741,750
X-32 Total net assets or fund balancesStart of year −$732,622−$741,750
X-33 Total liabilities and net assetsStart of year $9,677$5,909
Part XI · Reconciliation of net assets −$741,750 net assets at year end
XI-1 Total revenue$248,510
XI-2 Total expenses$257,638
XI-3 Revenue less expenses−$9,128
XI-4 Net assets at start of year−$732,622
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$741,750

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

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