The Everfund INC FY2020 filing

Tax-deductible

Spring Valley, NY501(c)(3)Mutual/MembershipEIN 83-1218408Revenue $353K in FY2020

On file with the IRSeverfundtrust.com15 Perlman Dr, 10977-5281 · Spring Valley, NYTax-exempt since Apr 2019Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

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.
79¢ of each $1 spent went to programs.
$193K 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

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
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
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$193K
to officers and key staff · 33% of spending
Concern: pay to officers and key staff is 33% 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
1
named funder · $92K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$387K
×19 of total assets
Concern: liabilities are 1900% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 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
$353K
Spent
$577K
To programs
79%
Net assets
−$366K
By yearFY2020–FY2024
Revenue
$353K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$353K
FY2021$336K
FY2022$262K
FY2023$371K
FY2024$249K
Expenses
$577K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$577K
FY2021$519K
FY2022$552K
FY2023$265K
FY2024$258K
Net assets
−$366K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$366K
FY2021−$549K
FY2022−$839K
FY2023−$733K
FY2024−$742K

From the FY2020 Form 990 · see the original

Give Claim
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 Apr 2019.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $457K Management & general 21% · $120K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

5 people listed on the 990; $193K paid to officers and key staff.

Part VII, Section A · reportable compensation
$123,462Pt VII · Sec A
Executive Director
$69,576Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

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

Questions for The Everfund INC

Tap to ask. The Everfund INC sees how many people are interested.

Your first name shows with your question. The Everfund INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $457K · in their own filed words · FY2020
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).

$457Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$353K
Ln 12
Gifts and grantsLn 1h$206K
Fees for servicesLn 2g$148K
Money outPt IX
$577K
Ln 25
Programscol B$457K
Managementcol C$120K
Owns and owesPt X
−$366K
net assets · Ln 32
Cash and savingsLn 1–2$21K
Total assetsLn 16$21K
LiabilitiesLn 26$387K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$206K
Government grantsLn 1e$78K
Fees for servicesLn 2g$148K
Total revenueLn 12$353K
Assets in detailPt X, end of year
CashLn 1$21K
Cash and savings togetherLn 1–2$21K
Total assetsLn 16$21K
LiabilitiesLn 26$387K
Net assetsLn 32−$366K
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 FY20End FY20
Cash and savingsLn 1–2$2K$21K
Total assetsLn 16$2K$21K
LiabilitiesLn 26$144K$387K
Net assetsLn 32−$142K−$366K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$196K$160K$36K
Other salaries and wagesLn 7$227K$227K
Other employee benefitsLn 9$5K$5K
Payroll taxesLn 10$34K$31K$3K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$2K$2K$154
Advertising and promotionLn 12$833$833
Office expensesLn 13$19K$19K
Information technologyLn 14$34K$34K
OccupancyLn 16$27K$13K$13K
TravelLn 17$24K$24K
Conferences, conventions and meetingsLn 19$476$476
InsuranceLn 23$3K$3K
Total functional expensesLn 25$577K$457K$120K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $353K$577K−$223K−$366K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2020 990 (6 parts)
Part I · Summary $353,148 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $317,500$205,600
I-9 Program service revenuePrior year $62,278$147,548
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $379,778$353,148
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 $411,304$461,445
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $98,740$115,199
I-18 Total expensesPrior year $510,044$576,644
I-19 Revenue less expensesPrior year −$130,266−$223,496
Part VI · Governance 3 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
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 $353,148 across 5 lines filed
VIII-1e Government grants$77,600
VIII-1f All other contributions, gifts and grants$128,000
VIII-1h Total contributions, gifts and grants$205,600
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $147,548$147,548
VIII-12 Total revenueRelated to mission $147,548 · Unrelated business $0 · Excluded from tax $0$353,148
Part IX · Statement of functional expenses $576,644 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $160,445 · Management $35,520$195,965
IX-7 Other salaries and wagesPrograms $227,093$227,093
IX-9 Other employee benefitsPrograms $4,881$4,881
IX-10 Payroll taxesPrograms $30,732 · Management $2,774$33,506
IX-11c Accounting feesManagement $5,750$5,750
IX-11g Other fees for servicesPrograms $1,710 · Management $154$1,864
IX-12 Advertising and promotionManagement $833$833
IX-13 Office expensesPrograms $18,734$18,734
IX-14 Information technologyManagement $34,294$34,294
IX-16 OccupancyPrograms $13,277 · Management $13,277$26,554
IX-17 TravelManagement $23,631$23,631
IX-19 Conferences, conventions and meetingsManagement $476$476
IX-23 InsuranceManagement $3,063$3,063
IX-25 Total functional expensesPrograms $456,872 · Management $119,772 · Fundraising $0$576,644
Part X · Balance sheet $21,285 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $2,444$21,285
X-16 Total assetsStart of year $2,444$21,285
X-17 Accounts payable and accrued expensesStart of year $3,465$14,392
X-24 Unsecured notes and loans payableStart of year $141,000$206,030
X-25 Other liabilitiesStart of year $0$149,900
X-26 Total liabilitiesStart of year $144,465$386,802
X-27 Net assets without donor restrictionsStart of year −$142,021−$365,517
X-32 Total net assets or fund balancesStart of year −$142,021−$365,517
X-33 Total liabilities and net assetsStart of year $2,444$21,285
Part XI · Reconciliation of net assets −$365,517 net assets at year end
XI-1 Total revenue$353,148
XI-2 Total expenses$576,644
XI-3 Revenue less expenses−$223,496
XI-4 Net assets at start of year−$142,021
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$365,517

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.