H3 Collective FY2024 filing

Tax-deductible

Asheville, NC501(c)(3)Human ServicesEIN 84-1806230Revenue $381K in FY2024

On file with the IRSh3collective.orgPo Box 2870, 28802-2870 · Asheville, NCTax-exempt since Mar 2020Publicly supported — 509(a)(2)

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H3 Collective is dedicated to improving the lives and liflong outcomes of children in foster care.

501(c)(3) charity; gifts are tax-deductible.
56¢ of each $1 spent went to programs.
$189K 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

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $249K a year · 44% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$189K
to officers and key staff · 52% of spending
Concern: pay to officers and key staff is 52% of spending; over 30%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $41K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$263K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$381K
-28% vs prior year
Spent
$360K
To programs
56%
Net assets
$1.5M
By yearFY2020–FY2025
Revenue
$381K
FY2024▼ -28%
Tap a bar for its year
Revenue by fiscal year
FY2020$146K
FY2021$85K
FY2022$1.1M
FY2023$527K
FY2024$381K
FY2025$247K
Expenses
$360K
FY2024▼ -11%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$317K
FY2023$405K
FY2024$360K
FY2025$196K
Net assets
$1.5M
FY2024▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$377K
FY2021$458K
FY2022$1.3M
FY2023$1.4M
FY2024$1.5M
FY2025$1.5M

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2020.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $201K Management & general 22% · $80K Fundraising 22% · $79K

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

11 people listed on the 990; $189K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$105,000Pt VII · Sec A
President Thru 09.2024
$83,755Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director Thru 11.2024
$0Pt VII · Sec A
Director Thru 07.2024
$0Pt VII · Sec A
$0Pt VII · Sec A

Adam Ponder’s $93K as Executive Director is at the 82nd percentile of top reported officer pay among 2168 $100K–1M human services 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

NameFY2025FY2024FY2023FY2022
Adam Ponder$93,333$105,000$100,000$83,333
Alex Williams—$83,755$87,000$60,000

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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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

Improves foster children's lives and lifelong outcomes.

Questions for H3 Collective

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Provided by the organization

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1 program · $201K · in their own filed words · FY2024
01

The organization worked to provide housing for professional foster parents and foster children, with a focus on sibling groups, and also children transitioning out of foster care.

$201Kprogram 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$41K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$381K
Ln 12
Gifts and grantsLn 1h$199K
Investment incomeLn 3$151K
Fees for servicesLn 2g$30K
Money outPt IX
$360K
Ln 25
Programscol B$201K
Managementcol C$80K
Fundraisingcol D$79K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$141K
Total assetsLn 16$1.7M
LiabilitiesLn 26$263K
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$199K
Government grantsLn 1e$80K
Noncash giftsLn 1g$70K
Fees for servicesLn 2g$30K
Investment incomeLn 3$151K
Other incomeLn 4–11$700
Gains on assetsLn 7$151K
Total revenueLn 12$381K
Assets in detailPt X, end of year
CashLn 1$141K
Cash and savings togetherLn 1–2$141K
Land, buildings, equipmentLn 10c$1.6M
Other assetsLn 15$3K
Total assetsLn 16$1.7M
LiabilitiesLn 26$263K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 52
VolunteersI 6110
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 FY24End FY24
Cash and savingsLn 1–2$32K$141K
Land, buildings, equipmentLn 10c$1.8M$1.6M
Total assetsLn 16$1.8M$1.7M
LiabilitiesLn 26$385K$263K
Net assetsLn 32$1.4M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$189K$94K$47K$47K
Payroll taxesLn 10$15K$8K$4K$4K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$28K$28K
Advertising and promotionLn 12$69$69
Office expensesLn 13$81$81
Information technologyLn 14$2K$2K
OccupancyLn 16$3K$3K
InterestLn 20$9K$9K
Depreciation, depletion and amortizationLn 22$46K$46K
InsuranceLn 23$8K$6K$3K
Other expenses (24a–d)Ln 24$46K$41K$5K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$360K$201K$80K$79K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $247K$196K$52K$1.5M 990 PDF
FY2024 Viewing $381K$360K$21K$1.5M 990 PDF
FY2023 $527K$405K$122K$1.4M 990 PDF
FY2022 $1.1M$317K$800K$1.3M 990 PDF
FY2021 $85K$458K 990 PDF
FY2020 $146K$377K 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 FY2024 990 (6 parts)
Part I · Summary $381,162 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $451,307$199,436
I-9 Program service revenuePrior year $74,998$30,000
I-10 Investment incomePrior year $0$151,026
I-11 Other revenuePrior year $832$700
I-12 Total revenuePrior year $527,137$381,162
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 $287,412$203,823
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $117,446$156,498
I-18 Total expensesPrior year $404,858$360,321
I-19 Revenue less expensesPrior year $122,279$20,841
Part VI · Governance 7 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $381,162 across 8 lines filed
VIII-1e Government grants$79,530
VIII-1f All other contributions, gifts and grants$119,906
VIII-1g Noncash contributions (included above)$69,600
VIII-1h Total contributions, gifts and grants$199,436
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $30,000$30,000
VIII-7 Net gain or loss on sales of assetsExcluded from tax $151,026$151,026
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $700$700
VIII-12 Total revenueRelated to mission $30,700 · Unrelated business $0 · Excluded from tax $151,026$381,162
Part IX · Statement of functional expenses $360,321 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $94,378 · Management $47,189 · Fundraising $47,188$188,755
IX-10 Payroll taxesPrograms $7,534 · Management $3,767 · Fundraising $3,767$15,068
IX-11b Legal feesPrograms $6,569$6,569
IX-11c Accounting feesManagement $2,905$2,905
IX-11g Other fees for servicesFundraising $28,500$28,500
IX-12 Advertising and promotionManagement $69$69
IX-13 Office expensesManagement $81$81
IX-14 Information technologyManagement $2,067$2,067
IX-16 OccupancyManagement $3,355$3,355
IX-20 InterestManagement $8,945$8,945
IX-22 Depreciation, depletion and amortizationPrograms $45,639$45,639
IX-23 InsurancePrograms $5,759 · Management $2,569$8,328
IX-24 Other expenses (24a–d)Programs $40,977 · Management $5,041$46,018
IX-24e All other expensesManagement $4,022$4,022
IX-25 Total functional expensesPrograms $200,856 · Management $80,010 · Fundraising $79,455$360,321
Part X · Balance sheet $1,715,315 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $32,183$141,360
X-10c Land, buildings and equipment, netStart of year $1,784,144$1,570,902
X-15 Other assetsStart of year $0$3,053
X-16 Total assetsStart of year $1,816,327$1,715,315
X-17 Accounts payable and accrued expensesStart of year $4,627$2,374
X-26 Total liabilitiesStart of year $385,227$263,374
X-27 Net assets without donor restrictionsStart of year $1,431,100$1,451,941
X-32 Total net assets or fund balancesStart of year $1,431,100$1,451,941
X-33 Total liabilities and net assetsStart of year $1,816,327$1,715,315
Part XI · Reconciliation of net assets $1,451,941 net assets at year end
XI-1 Total revenue$381,162
XI-2 Total expenses$360,321
XI-3 Revenue less expenses$20,841
XI-4 Net assets at start of year$1,431,100
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,451,941

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

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