4th Second EIN 84-3202218

4th Second FY2023 filing

EIN  84-3202218 Public charity (501(c)(3)) Vallejo, CA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Verified accurate 9/13/26 · see original filing: IRS
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Size
$1–10M
What they do
Improves access to healthcare, food, housing, and justice while addressing root causes.
Leadership
Richard Fisher · President
Money in and out
$295K revenue, $261K expenses
Bottom line
99% program efficiency

Improves access to healthcare, food, housing, and justice while addressing root causes. For fiscal year 2023 it reported $295K in revenue, $261K in expenses, and $597K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$295K
Pt VIII · Ln 12
Total expenses
$261K
Pt IX · Ln 25
Net assets
$597K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $34K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs
Operating runway
17.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+12%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$295K
FY2023▼ -51%
Expenses
$261K
FY2023▲ +472%
Total assets
$925K
FY2023▲ +62%
Total liabilities
$328K
FY2023▲ ×41
Total revenue
$295K
Pt VIII · Ln 12
Total expenses
$261K
Pt IX · Ln 25
Net assets
$597K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$34K
Total assetsPt X · Ln 16$925K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $244K of program spending, described in the organization's own filed words · FY2022.
01

4th Second's Youth Empowerment Program seeks to address trauma, support resilience, and provide opportunities for all youth. In 2022, 4th Second undertook community outreach and partnership development to establish a cohort of 41 underserved youth to pilot a basic income and resiliency building program to prevent substance abuse among…

$139Kprogram expense
02

4th Second provides homelessness services that support whole person care and assist folks to climb up the ladder of housing stability whether from curbside communities or through the development of affordable housing.

$57Kprogram expense
03

Vallejo Mobile Health(VMH) seeks to reduce the burden of disease and improve wellness of people experiencing homelessness in Vallejo by bringing medical care directly to people with mobile outreach and trusting, reliable relationships with medical practitioners.

$48Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item C4th Second
EINHdr · item D84-3202218
Principal addressHdr · item CVallejo, CA
WebsiteHdr · item Jwww.4thsecond.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFApr 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Richard Fisher’s $64K as President is at the 9th percentile of top reported officer pay among 3864 $1–10M 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 · 3 named individuals · Part VII

NameFY2025FY2024
Richard Fisher$63,592$37,760
Emily Fisher$26,213
Ugoada Ikoro$1,000

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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Statement of Revenue

Part VIII
Contributions & grants$284K · 97%
Program service revenue$10K · 3%
Contributions & grants97%$284K
Program service revenue3%$10K
— government grantsLn 1e$10K
Total revenueLn 12$295K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$257K
Management & general1%$4K
Total functional expensesLn 25$261K

Balance Sheet

Part X · end of year
CashLn 1$389K
Total assetsLn 16$925K
Total liabilitiesLn 26$328K
Total net assetsLn 32$597K
Months of cash on handcomputed17.9

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $389K · Operating expenses/yr $261K
17.9 months
Where the money goes
Program services
Program services $257K · Total expenses $261K
99%
Management & General
Management & general $4K · Total expenses $261K
1%
Fundraising
Fundraising $0 · Total expenses $261K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $430K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $284K · Total revenue $295K
97%
Government reliance
Government grants $10K · Total revenue $295K
3%
Earned-income share
Program service revenue $10K · Total revenue $295K
3%
Investment reliance
Investment income $0 · Total revenue $295K
0%
Program self-sufficiency
Program service revenue $10K · Total expenses $261K
4%
Growth & trend
Revenue growth (YoY)
This year $295K · Prior year $607K
-51%
Net-asset trend (YoY)
End of year $597K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $295K · Expenses $261K
+12%
Liabilities-to-Assets
Total liabilities — · Total assets $925K
Net-asset ratio
Net assets $597K · Total assets $925K
65%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $925K
0%
People & payroll
Highest Reported Total Compensation
Individual Richard Fisher · Reported title President · Highest reported compensation $0 · Total expenses $261K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $261K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1%
Fundraising cost ratio 0%
Revenue growth -51%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$23K
Grants paid · 5 grants · $629K · 2022–2024
Unitemized GrantFY2024$145,535
Unitemized GrantFY2024$1,304
Unitemized GrantFY2023$112,616
Unitemized GrantFY2022$120,000

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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
FY2025 (Latest)$1.8M revenue · ⤓ 990 PDF
FY2024$1.5M revenue · ⤓ 990 PDF
FY2023$295K revenue · viewing · ⤓ 990 PDF
FY2022$607K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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