Re-Knowvate INC EIN 84-2568796 Form 990 (PDF) Claim this org

Re-Knowvate INC FY2020 filing

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Provides housing and support services to help homeless and low-income individuals regain independence. For fiscal year 2020 it reported $135K in revenue, $37K in expenses, and $245K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Spring Valley, CA
Filings
5 on file (2020–2020)
Revenue
$135KFY2020
Expenses
$37K
Net assets
$245K
People
2
Filings
5
Updates
0
More identity details & actions ⌄
EIN  84-2568796 Public charity (501(c)(3)) Spring Valley, CA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Provides housing and support services to help homeless and low-income individuals regain independence.
Leadership
Sasha Lippman · President
Money in and out
$135K revenue, $37K expenses
Bottom line
59% program efficiency
Where the money goes · FY2020
Total revenue
$135K
Pt VIII · Ln 12
Total expenses
$37K
Pt IX · Ln 25
Net assets
$245K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $99K
Where spending went · Part IX cols B–D
Program services $0.59 Management & general $0.41
Program efficiency
59%
of spending reaches programs
Operating runway
59.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+73%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$135K
FY2020
Expenses
$37K
FY2020
Total assets
$683K
FY2020
Total liabilities
$438K
FY2020
Total revenue
$135K
Pt VIII · Ln 12
Total expenses
$37K
Pt IX · Ln 25
Net assets
$245K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$99K
Total assetsPt X · Ln 16$683K
Program-expense ratioPt IX · col B59%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRe-Knowvate INC
EINHdr · item D84-2568796
Principal addressHdr · item CSpring Valley, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P99)
Ruling yearIRS BMFMar 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $22K of program spending, described in the organization's own filed words · FY2020.
01

Provided support and representation before Housing Commission to enforce County's compliance with the Federal HOPWA (Housing Opportunities for People with Aids) in eligibility rules. Successes to assist a client and created a precedent for the County and NGOs.

$22Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$66K · 49%
Program service revenue$47K · 34%
Other revenue$23K · 17%
Contributions & grants49%$66K
Program service revenue34%$47K
Other revenue17%$23K
Total revenueLn 12$135K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.59 Management & general $0.41
Program services59%$22K
Management & general41%$15K
Total functional expensesLn 25$37K

Balance Sheet

Part X · end of year
CashLn 1$182K
Total assetsLn 16$683K
Total liabilitiesLn 26$438K
Total net assetsLn 32$245K
Months of cash on handcomputed59.5

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $182K · Operating expenses/yr $37K
59.5 months
Where the money goes
Program services
Program services $22K · Total expenses $37K
59%
Management & General
Management & general $15K · Total expenses $37K
41%
Fundraising
Fundraising $0 · Total expenses $37K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $66K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $66K · Total revenue $135K
49%
Government reliance
Government grants — · Total revenue $135K
Earned-income share
Program service revenue $47K · Total revenue $135K
34%
Investment reliance
Investment income $0 · Total revenue $135K
0%
Program self-sufficiency
Program service revenue $47K · Total expenses $37K
127%
Growth & trend
Revenue growth (YoY)
This year $135K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $245K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $135K · Expenses $37K
+73%
Liabilities-to-Assets
Total liabilities — · Total assets $683K
Net-asset ratio
Net assets $245K · Total assets $683K
36%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $683K
0%
People & payroll
Highest Reported Total Compensation
Individual Sasha Lippman · Reported title President · Highest reported compensation $0 · Total expenses $37K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2 · Total expenses $37K
<0.01%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 59%
Overhead ratio 41%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.7%
Fundraising fee ratio 0%

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.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$99K revenue · ⤓ 990 PDF
FY2023$21K revenue · ⤓ 990 PDF
FY2022$16K revenue · ⤓ 990 PDF
FY2021$138K revenue · ⤓ 990 PDF
FY2020$135K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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