Ripple Effects Group FY2022 filing

Tax-deductible

Rocky Mount, NC501(c)(3)Community DevelopmentEIN 83-2618198

To provide Housing and other needs to disadvantaged persons

501(c)(3) charity; gifts are tax-deductible.
17¢ of each $1 spent went to programs.
$72K 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

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
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
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
1 of 5
years in the black
Concern: 4 of the last 5 filings show a deficit.
Pt I · Ln 19 · 5 filings
How much reaches the programs?
17%
of spending
Concern: 17% of spending went to programs; under 50% is a concern.
Pt IX · Ln 25 · col B
What are leaders paid?
$72K
to officers and key staff · 16% of spending
Worth a look: leaders' pay is 16% of spending; over 15% is worth a look.
Pt VII · Sec A
Do they have reserves?
<1 mo
of spending, in cash
Concern: 0.7 months of spending in cash; under 1 is a concern.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $48K
Worth a look: 1 funder names it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$43K
liabilities
Looks good: debts are 20% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
12
independent of 12 voting board members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$475K
+116% vs prior year
Spent
$451K
To programs
17%
Net assets
$175K
By yearFY2020–FY2024
Revenue
$475K
FY2022▲ +116%
Revenue by fiscal year
FY2020$138K
FY2021$220K
FY2022$475K
FY2023$473K
FY2024$498K
Expenses
$451K
FY2022▲ +103%
Expenses by fiscal year
FY2020$148K
FY2021$222K
FY2022$451K
FY2023$511K
FY2024$560K
Net assets
$175K
FY2022▲ +26%
Net assets by fiscal year
FY2020$140K
FY2021$139K
FY2022$175K
FY2023$136K
FY2024$127K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CRipple Effects Group
EINHdr · item D83-2618198
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 2019
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CRocky Mount, NC
NTEE classificationIRS BMFCommunity Development (S20)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.17 Management & general $0.83
Program services17%$77K
Management & general83%$374K
Total functional expensesLn 25$451K

Financial health

Is it on solid ground?

Program efficiency
17%
of spending reaches programs
Operating runway
0.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$218K
FY2022▲ +27%
Total assets by fiscal year
FY2020$174K
FY2021$172K
FY2022$218K
FY2023$516K
FY2024$508K
Total liabilities
$43K
FY2022▲ +33%
Total liabilities by fiscal year
FY2020$33K
FY2021$33K
FY2022$43K
FY2023$380K
FY2024$381K
Revenue less expensesPt I · Ln 19$24K
Total assetsPt X · Ln 16$218K
Program-expense ratioPt IX · col B17%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Balance Sheet

Part X · end of year
CashLn 1$27K
Total assetsLn 16$218K
Total liabilitiesLn 26$43K
Total net assetsLn 32$175K
Months of cash on handcomputed0.7

Statement of Revenue

Part VIII
Contributions & grants$457K · 96%
Program service revenue$10K · 2%
Other revenue$8K · 2%
Contributions & grants96%$457K
Program service revenue2%$10K
Other revenue2%$8K
— government grantsLn 1e$252K
Total revenueLn 12$475K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $27K · Operating expenses/yr $451K
0.7 months
Where the money goes
Program services
Program services $77K · Total expenses $451K
17%
Management & General
Management & general $374K · Total expenses $451K
83%
Fundraising
Fundraising $0 · Total expenses $451K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $150K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $457K · Total revenue $475K
96%
Government reliance
Government grants $252K · Total revenue $475K
53%
Earned-income share
Program service revenue $10K · Total revenue $475K
2%
Investment reliance
Investment income $0 · Total revenue $475K
0%
Program self-sufficiency
Program service revenue $10K · Total expenses $451K
2%
Growth & trend
Revenue growth (YoY)
This year $475K · Prior year $220K
+116%
Net-asset trend (YoY)
End of year $175K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $475K · Expenses $451K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $218K
—
Net-asset ratio
Net assets $175K · Total assets $218K
80%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $218K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Keisha B Spivey · Reported title President · Highest reported compensation $52K · Total expenses $451K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $168K · Total expenses $451K
37%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 17%——
Overhead ratio 83%——
Fundraising cost ratio 0%——
Revenue growth 116%——
Accounting fee ratio 0.2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$52,500Pt VII · Sec A
Vice President
$19,231Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Keisha B Spivey’s $75K as President is at the 51st percentile of top reported officer pay among 1709 $100K–1M community development 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Keisha B Spivey$75,000$80,000$52,500$50,000$31,500
Eric Spivey$50,000$48,077$19,231——
Myia Spivey$42,673————

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.

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Governance & Policies

Part VI
  • 12Voting board membersPt VI · Ln 1a
  • 12Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Provides housing and other essentials to disadvantaged individuals.

Provided by the organization

This section is blank until Ripple Effects Group claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $77K of program spending, described in the organization's own filed words · FY2022.
01

Provide temporary housing to disadvantaged and education to children in Oyugis, Kenya

$77Kprogram expense

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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 · FY2025
Total grants receivedfrom 1 funder$48K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $498K$560K+5% 990 PDF
FY2023 $473K$511K-0.3% 990 PDF
FY2022 Viewing $475K$451K+116% 990 PDF
FY2021 $220K$222K+60% 990 PDF
FY2020 $138K$148K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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