Shift Atl INC FY2021 filing

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To revitalize atlantic iowa through projects, services, and programs that will enhance the community and foster a sense of development and growth.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-2201779) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
40¢ 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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $104K a year · 40% of revenue · last 4 filings
A surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
40%
of spending
40% of spending went to programs.
Pt IX · Ln 25 · col B
14.6 mo
of spending, in cash
14.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $3K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$40K
10% of total assets
Liabilities are 10% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$300K
Spent
$51K
To programs
40%
Net assets
$364K
By yearFY2021–FY2024
Revenue
$300K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$300K
FY2022$296K
FY2023$331K
FY2024$113K
Expenses
$51K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$51K
FY2022$80K
FY2023$92K
FY2024$402K
Net assets
$364K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$364K
FY2022$580K
FY2023$819K
FY2024$530K

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 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 Jul 2019.

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

Where the money goes

40 cents of each dollar spent went to programs.

Program services 40% · $20K Management & general 22% · $11K Fundraising 38% · $19K

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
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Shift Atl INC executive salaries →

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

Revitalizes Atlantic, Iowa, with projects and services fostering community development and growth.

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2 programs · $20K · in their own filed words · FY2021
01

Shift atl has purchased a building in downtown atlantic iowa to restore and to be used for a conference building and a air BNB. All of the expenses have been capitalized.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-2201779) · Dispute this line
$20Kprogram expense
02

Shift atl buys rundown houses in atlantic iowa to fix up and resells to the community to increase quality of housing in atlantic iowa.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-2201779) · Dispute this line
Pt IX · Ln 25 · col B

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 · FY2023
Total grants receivedfrom 2 funders$3K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$300K
Ln 12
Gifts and grantsLn 1h$279K
Other incomeLn 4–11$21K
Investment incomeLn 3$99
Money outPt IX
$51K
Ln 25
Programscol B$20K
Managementcol C$11K
Fundraisingcol D$19K
Owns and owesPt X
$364K
net assets · Ln 32
Cash and savingsLn 1–2$62K
Total assetsLn 16$404K
LiabilitiesLn 26$40K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$279K
Fundraising eventsLn 1c$48K
Investment incomeLn 3$99
Other incomeLn 4–11$21K
Total revenueLn 12$300K
Assets in detailPt X, end of year
CashLn 1$62K
Cash and savings togetherLn 1–2$62K
Land, buildings, equipmentLn 10c$341K
Total assetsLn 16$404K
LiabilitiesLn 26$40K
Net assetsLn 32$364K
OperationsPt I, VI
EmployeesI 514
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$117K$62K
Land, buildings, equipmentLn 10c$41K$341K
Total assetsLn 16$158K$404K
LiabilitiesLn 26$65K$40K
Net assetsLn 32$93K$364K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$994$0$994$0
Office expensesLn 13$499$0$499$0
OccupancyLn 16$12K$12K$0$0
Conferences, conventions and meetingsLn 19$1K$0$1K$0
InterestLn 20$2K$0$2K$0
Depreciation, depletion and amortizationLn 22$9K$9K$0$0
InsuranceLn 23$4K$0$4K$0
Other expenses (24a–d)Ln 24$22K$0$2K$19K
All other expensesLn 24e$500$0$500$0
Total functional expensesLn 25$51K$20K$11K$19K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 6, 2025 $113K$402K−$290K$530K 990 PDF
FY2023Filed with the IRS Jun 13, 2024 $331K$92K$239K$819K 990 PDF
FY2022Filed with the IRS May 15, 2023 $296K$80K$216K$580K 990 PDF
FY2021 ViewingFiled with the IRS Oct 6, 2022 $300K$51K$249K$364K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $300,171 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $77,019$279,334
I-9 Program service revenue$0
I-10 Investment incomePrior year $0$99
I-11 Other revenuePrior year $3,266$20,738
I-12 Total revenuePrior year $80,285$300,171
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $12,560$51,003
I-18 Total expensesPrior year $12,560$51,003
I-19 Revenue less expensesPrior year $67,725$249,168
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $300,171 across 7 lines filed
Lines not itemized here account for $12,363 of total revenue; see the IRS return.
VIII-1c Fundraising events$47,750
VIII-1f All other contributions, gifts and grants$231,584
VIII-1h Total contributions, gifts and grants$279,334
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$99
VIII-6 Net rental income or lossRelated to mission $7,375$7,375
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,000 · Unrelated business $0 · Excluded from tax $0$1,000
VIII-12 Total revenueRelated to mission $20,837 · Unrelated business $0 · Excluded from tax $0$300,171
Part IX · Statement of functional expenses $51,003 across 9 lines filed
IX-12 Advertising and promotionPrograms $0 · Management $994 · Fundraising $0$994
IX-13 Office expensesPrograms $0 · Management $499 · Fundraising $0$499
IX-16 OccupancyPrograms $11,926 · Management $0 · Fundraising $0$11,926
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $1,169 · Fundraising $0$1,169
IX-20 InterestPrograms $0 · Management $2,026 · Fundraising $0$2,026
IX-22 Depreciation, depletion and amortizationPrograms $8,534 · Management $0 · Fundraising $0$8,534
IX-23 InsurancePrograms $0 · Management $3,819 · Fundraising $0$3,819
IX-24 Other expenses (24a–d)Programs $0 · Management $2,403 · Fundraising $19,133$21,536
IX-24e All other expensesPrograms $0 · Management $500 · Fundraising $0$500
IX-25 Total functional expensesPrograms $20,460 · Management $11,410 · Fundraising $19,133$51,003
Part X · Balance sheet $403,623 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $117,003$62,125
X-8 Inventories for sale or useStart of year $500$0
X-10c Land, buildings and equipment, netStart of year $40,937$341,498
X-16 Total assetsStart of year $158,440$403,623
X-25 Other liabilitiesStart of year $65,000$40,121
X-26 Total liabilitiesStart of year $65,000$40,121
X-31 Retained earnings or endowmentStart of year $93,440$363,502
X-32 Total net assets or fund balancesStart of year $93,440$363,502
X-33 Total liabilities and net assetsStart of year $158,440$403,623
Part XI · Reconciliation of net assets $363,502 net assets at year end
XI-1 Total revenue$300,171
XI-2 Total expenses$51,003
XI-3 Revenue less expenses$249,168
XI-4 Net assets at start of year$93,440
XI-10 Net assets at end of year$363,502

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

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