Bitter End Foundation INC FY2021 filing

Tax-deductible

Darien, CT501(c)(3)InternationalEIN 83-1855441Revenue $12K in FY2021

On file with the IRSPo Box 1026, 06820-1026 · Darien, CTTax-exempt since Jun 2019Publicly supported charity — 170(b)(1)(A)(vi)

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To engage in, encourage, and support charitable activities that promote the health and well-being of seaside and coastal communities in the virgin islands and other caribbean communities.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $56K a year · 395% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
33 mo
of spending, in cash
Looks good: 32.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $200K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$723
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
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
$12K
-49% vs prior year
Spent
$55K
To programs
97%
Net assets
$149K
By yearFY2020–FY2022
Revenue
$12K
FY2021▼ -49%
Tap a bar for its year
Revenue by fiscal year
FY2020$23K
FY2021$12K
FY2022$7K
Expenses
$55K
FY2021▼ -46%
Tap a bar for its year
Expenses by fiscal year
FY2020$101K
FY2021$55K
FY2022$54K
Net assets
$149K
FY2021▼ -23%
Tap a bar for its year
Net assets by fiscal year
FY2020$194K
FY2021$149K
FY2022$97K

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022. IRS ruling in Jun 2019.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $54K Management & general 0% · $274 Fundraising 2% · $1K

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
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
See Bitter End Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes health and well-being in Caribbean coastal communities through charitable activities.

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Provided by the organization

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3 programs · $54K · in their own filed words · FY2021
01

The foundation provided a grant to unite bvi foundation (a british virgin islands non profit organization) to support the work to combat the stony coral tissue loss disease in the british virgin islands.

$50Kprogram expense
02

Throughout 2020 & 2021, the bitter end foundation partnered with the association of reef keepers (ark - a registered bvi tax exempt organization) on an environmental initiative dedicated to a year of seasweeps and conservation projects in the bvi.

$2Kprogram expense
03

The bitter end foundation through the falconwood foundation, inc. A 501(c)(3), partnered with the bvi funders group and the ministry of education in tortola british virgin islands to provide chromebooks to the local school children in the bvi for remote learning initiatives during COVID-19 in 2020.

$1Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2019
Total grants receivedfrom 1 funder$200K
Grants paid · 3 grants · $52K · 2020–2020
Falconwood Foundation INCNY · FY2020$32,000
Falconwood Foundation INCNY · FY2020$10,000
Pisces FoundationCA · FY2020$10,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$12K
Ln 12
Gifts and grantsLn 1h$10K
Investment incomeLn 3$2K
Money outPt IX
$55K
Ln 25
Programscol B$54K
Managementcol C$274
Fundraisingcol D$1K
Owns and owesPt X
$149K
net assets · Ln 32
Cash and savingsLn 1–2$149K
Total assetsLn 16$149K
LiabilitiesLn 26$723
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$10K
Investment incomeLn 3$2K
Gains on assetsLn 7$0
Total revenueLn 12$12K
Assets in detailPt X, end of year
SavingsLn 2$149K
Cash and savings togetherLn 1–2$149K
Total assetsLn 16$149K
LiabilitiesLn 26$723
Net assetsLn 32$149K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$194K$149K
Total assetsLn 16$194K$149K
LiabilitiesLn 26$144$723
Net assetsLn 32$194K$149K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1K$1K
Grants and assistance to foreign recipientsLn 3$52K$52K
Other expenses (24a–d)Ln 24$1K$274$1K
Total functional expensesLn 25$55K$54K$274$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $7K$54K−$47K$97K 990 PDF
FY2021 Viewing $12K$55K−$43K$149K 990 PDF
FY2020 $23K$101K−$78K$194K 990 PDF

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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 FY2021 990 (6 parts)
Part I · Summary $11,862 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $21,007$10,335
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2,328$1,527
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $23,335$11,862
I-13 Grants and similar amounts paidPrior year $100,115$53,531
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,328$1,383
I-18 Total expensesPrior year $101,443$54,914
I-19 Revenue less expensesPrior year −$78,108−$43,052
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-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $11,862 across 5 lines filed
VIII-1f All other contributions, gifts and grants$10,335
VIII-1h Total contributions, gifts and grants$10,335
VIII-3 Investment incomeExcluded from tax $1,527$1,527
VIII-7 Net gain or loss on sales of assets$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,527$11,862
Part IX · Statement of functional expenses $54,914 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $1,479$1,479
IX-3 Grants and assistance to foreign recipientsPrograms $52,052$52,052
IX-24 Other expenses (24a–d)Management $274 · Fundraising $1,109$1,383
IX-25 Total functional expensesPrograms $53,531 · Management $274 · Fundraising $1,109$54,914
Part X · Balance sheet $149,477 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $193,774$149,477
X-16 Total assetsStart of year $193,774$149,477
X-17 Accounts payable and accrued expensesStart of year $144$723
X-26 Total liabilitiesStart of year $144$723
X-32 Total net assets or fund balancesStart of year $193,630$148,754
X-33 Total liabilities and net assetsStart of year $193,774$149,477
Part XI · Reconciliation of net assets $148,754 net assets at year end
XI-1 Total revenue$11,862
XI-2 Total expenses$54,914
XI-3 Revenue less expenses−$43,052
XI-4 Net assets at start of year$193,630
XI-5 Net unrealized gains (losses) on investments−$1,824
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$148,754

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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