Halos and Hearts Foundation FY2020 filing

Tax-deductible

Spanish Fork, UT501(c)(3)HousingEIN 84-3333461Revenue $884K in FY2020

On file with the IRS403 S 800 W, 84660-4640 · Spanish Fork, UTTax-exempt since Feb 2020Publicly supported charity — 170(b)(1)(A)(vi)

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Address, educate, coordinate and provide aid and relief to people affected by poverty, natural & economic disasters.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $30K a year · 12% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$57K
66% of total assets
Worth a look: liabilities are 66% of assets; over 65%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$884K
Spent
$855K
To programs
100%
Net assets
$29K
By yearFY2020–FY2024
Revenue
$884K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$884K
FY2021$77K
FY2022$66K
FY2023$93K
FY2024$78K
Expenses
$855K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$855K
FY2021$33K
FY2022$70K
FY2023$46K
FY2024$46K
Net assets
$29K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$29K
FY2021$78K
FY2022$73K
FY2023$121K
FY2024$153K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 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 Feb 2020.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $855K

Form 990 Part IX, line 25. 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
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Halos and Hearts Foundation 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps people affected by poverty and disasters with aid, education, and coordination.

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Provided by the organization

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2 programs · $855K · in their own filed words · FY2020
01

Halos and hearts foundation (HHF) distributed donated food items from carribean produce to needy families during the covid 19 pandemic. A total of 7,182 food boxes containing produce, milk products and meat were distributed to thousands of puerto rican families.

$724Kprogram expense
02

Halos and hearts foundation (HHF) rebuilt a total of 8 roofs completely destroyed by hurricanes irma & maria in various communities in puerto rico to include ponce,humacao, naguabo and maunabo. HHF also installed new kitchen cabinets and plumbing to a home in guayama.

$131Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$884K
Ln 12
Gifts and grantsLn 1h$884K
Money outPt IX
$855K
Ln 25
Programscol B$855K
Owns and owesPt X
$29K
net assets · Ln 32
Cash and savingsLn 1–2$78K
Total assetsLn 16$86K
LiabilitiesLn 26$57K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$884K
Noncash giftsLn 1g$802K
Total revenueLn 12$884K
Assets in detailPt X, end of year
CashLn 1$78K
Cash and savings togetherLn 1–2$78K
Other assetsLn 15$8K
Total assetsLn 16$86K
LiabilitiesLn 26$57K
Net assetsLn 32$29K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6142
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 FY20End FY20
Cash and savingsLn 1–2$78K
Total assetsLn 16$0$86K
LiabilitiesLn 26$0$57K
Net assetsLn 32$0$29K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$1K$1K
Office expensesLn 13$1K$1K
OccupancyLn 16$2K$2K
TravelLn 17$4K$4K
InsuranceLn 23$376$376
Other expenses (24a–d)Ln 24$41K$41K
All other expensesLn 24e$805K$805K
Total functional expensesLn 25$855K$855K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $78K$46K$32K$153K 990 PDF
FY2023 $93K$46K$47K$121K 990 PDF
FY2022 $66K$70K−$4K$73K 990 PDF
FY2021 $77K$33K$44K$78K 990 PDF
FY2020 Viewing $884K$855K$29K$29K 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 FY2020 990 (6 parts)
Part I · Summary $883,655 revenue, 12 lines filed
I-8 Contributions and grants$883,655
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$883,655
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$854,645
I-18 Total expenses$854,645
I-19 Revenue less expenses$29,010
Part VI · Governance 0 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
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 $883,655 across 4 lines filed
VIII-1f All other contributions, gifts and grants$883,655
VIII-1g Noncash contributions (included above)$801,985
VIII-1h Total contributions, gifts and grants$883,655
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$883,655
Part IX · Statement of functional expenses $854,645 across 7 lines filed
IX-11a Management feesPrograms $1,080$1,080
IX-13 Office expensesPrograms $1,176$1,176
IX-16 OccupancyPrograms $1,590$1,590
IX-17 TravelPrograms $3,971$3,971
IX-23 InsurancePrograms $376$376
IX-24 Other expenses (24a–d)Programs $41,388$41,388
IX-24e All other expensesPrograms $805,064$805,064
IX-25 Total functional expensesPrograms $854,645 · Management $0 · Fundraising $0$854,645
Part X · Balance sheet $86,262 assets, 9 lines filed
X-1 Cash, non-interest-bearing$78,412
X-15 Other assets$7,850
X-16 Total assetsStart of year $0$86,262
X-17 Accounts payable and accrued expenses$49,337
X-25 Other liabilities$7,915
X-26 Total liabilitiesStart of year $0$57,252
X-27 Net assets without donor restrictions$29,010
X-32 Total net assets or fund balancesStart of year $0$29,010
X-33 Total liabilities and net assetsStart of year $0$86,262
Part XI · Reconciliation of net assets $29,010 net assets at year end
XI-1 Total revenue$883,655
XI-2 Total expenses$854,645
XI-3 Revenue less expenses$29,010
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$29,010

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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