Change Authority INC FY2021 filing

Tax-deductible

Fuquay Varina, NC501(c)(3)Human ServicesEIN 84-2606172Revenue $53K in FY2021

On file with the IRSthechangeauthority.org4204 Stansted Dr, 27526-6835 · Fuquay Varina, NCTax-exempt since Feb 2021Publicly supported — 509(a)(2)

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Poverty reduction strategies employed through direct partnership with mission aligned organizations to amplify the equity footprint

501(c)(3) charity; gifts are tax-deductible.
90¢ 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $2K a year · 4% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6K
×17 of total assets
Concern: liabilities are 1700% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$53K
Spent
$59K
To programs
90%
Net assets
−$5K
By yearFY2021–FY2023
Revenue
$53K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$53K
FY2022$50K
FY2023$42K
Expenses
$59K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$59K
FY2022$48K
FY2023$44K
Net assets
−$5K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021−$5K
FY2022−$4K
FY2023−$6K

From the FY2021 Form 990 (year ending June 2021) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Feb 2021.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $53K Management & general 10% · $6K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Board President
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
See Change Authority 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

Empowers communities by partnering with aligned groups to reduce poverty and increase equity.

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Provided by the organization

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2 programs · $53K · in their own filed words · FY2020
01

Delivered more than 28,000 lbs of food to more than 600 families in Wake, Chatham and Duplin counties food relief groups. Free produce sourced through Society of St. Andrew. Costs incurred for food delivery and distribution.

$53Kprogram expense
02

Grant writing and federal grant management assistance to a Duplin at risk afterschool resulting in program $ awards for remote learning and learning loss enrichment for 30 unserved children.

$270program expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$53K
Ln 12
Gifts and grantsLn 1h$53K
Other incomeLn 4–11$79
Money outPt IX
$59K
Ln 25
Programscol B$53K
Managementcol C$6K
Owns and owesPt X
−$5K
net assets · Ln 32
Cash and savingsLn 1–2$359
Total assetsLn 16$359
LiabilitiesLn 26$6K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$53K
Noncash giftsLn 1g$51K
Other incomeLn 4–11$79
Total revenueLn 12$53K
Assets in detailPt X, end of year
CashLn 1$359
Cash and savings togetherLn 1–2$359
Total assetsLn 16$359
LiabilitiesLn 26$6K
Net assetsLn 32−$5K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$359
Total assetsLn 16$0$359
LiabilitiesLn 26$0$6K
Net assetsLn 32$0−$5K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$754$754
Accounting feesLn 11c$40$40
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$703$703
OccupancyLn 16$2K$2K
TravelLn 17$325$325
Depreciation, depletion and amortizationLn 22$331$331
InsuranceLn 23$30$30
Other expenses (24a–d)Ln 24$54K$53K$808
Total functional expensesLn 25$59K$53K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $42K$44K−$1K−$6K 990 PDF
FY2022 $50K$48K$1K−$4K 990 PDF
FY2021 Viewing $53K$59K−$5K−$5K 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 $53,380 revenue, 12 lines filed
I-8 Contributions and grants$53,301
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$79
I-12 Total revenue$53,380
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 expenses$58,873
I-18 Total expenses$58,873
I-19 Revenue less expenses−$5,493
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $53,380 across 6 lines filed
VIII-1f All other contributions, gifts and grants$53,301
VIII-1g Noncash contributions (included above)$50,982
VIII-1h Total contributions, gifts and grants$53,301
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $79$79
VIII-12 Total revenueUnrelated business $79$53,380
Part IX · Statement of functional expenses $58,873 across 9 lines filed
IX-11b Legal feesManagement $754$754
IX-11c Accounting feesManagement $40$40
IX-12 Advertising and promotionManagement $1,009$1,009
IX-13 Office expensesManagement $703$703
IX-16 OccupancyManagement $1,668$1,668
IX-17 TravelManagement $325$325
IX-22 Depreciation, depletion and amortizationManagement $331$331
IX-23 InsuranceManagement $30$30
IX-24 Other expenses (24a–d)Programs $53,205 · Management $808$54,013
IX-25 Total functional expensesPrograms $53,205 · Management $5,668 · Fundraising $0$58,873
Part X · Balance sheet $359 assets, 7 lines filed
X-1 Cash, non-interest-bearing$359
X-16 Total assetsStart of year $0$359
X-25 Other liabilities$2,960
X-26 Total liabilitiesStart of year $0$5,852
X-27 Net assets without donor restrictions$359
X-32 Total net assets or fund balancesStart of year $0−$5,493
X-33 Total liabilities and net assetsStart of year $0$359
Part XI · Reconciliation of net assets −$5,493 net assets at year end
XI-1 Total revenue$53,380
XI-2 Total expenses$58,873
XI-3 Revenue less expenses−$5,493
XI-8 Prior period adjustments$5,852
XI-10 Net assets at end of year−$5,493

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

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