Sostento INC FY2021 filing

Tax-deductible

Montclair, NJ501(c)(3)Health CareEIN 84-3739888Revenue $1.6M in FY2021

On file with the IRSsostento.org9 Portland Pl, 07042-2810 · Montclair, NJTax-exempt since Feb 2020Publicly supported charity — 170(b)(1)(A)(vi)

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Sostento is a nonprofit organization whose mission is to help frontline public health workers save lives.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$352K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
3 of 5
filings with a surplus
Average deficit $11K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$352K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $672K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$171K
33% of total assets
Looks good: liabilities are 33% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+216% vs prior year
Spent
$1.3M
To programs
90%
Net assets
$354K
By yearFY2020–FY2024
Revenue
$1.6M
FY2021▲ +216%
Tap a bar for its year
Revenue by fiscal year
FY2020$514K
FY2021$1.6M
FY2022$7.4M
FY2023$1.8M
FY2024$1.3M
Expenses
$1.3M
FY2021▲ +158%
Tap a bar for its year
Expenses by fiscal year
FY2020$498K
FY2021$1.3M
FY2022$6.6M
FY2023$2.5M
FY2024$1.8M
Net assets
$354K
FY2021▲ ×22
Tap a bar for its year
Net assets by fiscal year
FY2020$16K
FY2021$354K
FY2022$1.2M
FY2023$460K
FY2024−$58K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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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 Feb 2020.

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% · $1.1M Management & general 8% · $97K Fundraising 3% · $37K

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

6 people listed on the 990; $352K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/Treasurer/CEO - Dir.
$156,646Pt VII · Sec A
$102,333Pt VII · Sec A
Secretary - Director
$92,949Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Joseph M Agoada’s $137K as Board President and Treasurer is at the 46th percentile of top reported officer pay among 3128 $1–10M health care 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Joseph M Agoada$136,875$150,000$150,150$156,646$84,000
Jennifer Estevez$117,208$145,000$143,900$102,333—
Betsy Kalven—$145,000$115,203——
Daniel Acquah—$106,333$133,567——
Emily Ronning—$115,000$123,147——
Jennifer Liang——$120,359$92,949$34,040
Kim Karlsrud—$115,000———
Kristyne Hong$105,000————

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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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 15aYes

Programs and updates

Empowers public health workers to save lives through vital support and resources.

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Provided by the organization

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2 programs · $1.1M · in their own filed words · FY2021
01

Project Finish Line

Is a national initiative to mobilize funding, educational resources and digital tools and services to 100 free and charitable clinics in underserved neighborhoods, across 15 states, so that they can increase equitable access to the COVID-19 vaccine. See schedule o for further information.

$923Kprogram expense
02

Recovery-Gps

Recoverygps is an opioid response outreach and recovery tool for peer COUNSELORS.THE tool allows peer counselors to access the supplies, support and data collection they need to do effective outreach to individuals facing substance use disorders. See schedule o for further information.

$225Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$672K
Grants paid · 136 grants · $4.6M · 2021–2024
Unitemized GrantFY2024$24,923
Unitemized GrantFY2023$56,577
Unitemized GrantFY2023$56,577
St John Bosco Clinic INCFL · FY2023$6,500
Hope Clinic and Care Center INCFY2023$6,500
Dupage Health CoalitionIL · FY2023$6,500
People's Health Clinic INCUT · FY2023$6,500
Community Clinic of Southwest MissouriIL · FY2023$6,500
Ibn Sina Foundation INCTX · FY2023$6,500
St John Bosco Clinic INCFL · FY2023$6,500
See all 136 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.6M
Fees for servicesLn 2g$68K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.1M
Managementcol C$97K
Fundraisingcol D$37K
Owns and owesPt X
$354K
net assets · Ln 32
Cash and savingsLn 1–2$340K
Total assetsLn 16$525K
LiabilitiesLn 26$171K
PeoplePt VI, VII
6
listed · VII A
PaidVII A3
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$133K
Noncash giftsLn 1g$125K
Fees for servicesLn 2g$68K
Gains on assetsLn 7$0
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$340K
SavingsLn 2$0
Cash and savings togetherLn 1–2$340K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$525K
LiabilitiesLn 26$171K
Net assetsLn 32$354K
OperationsPt I, VI
EmployeesI 55
VolunteersI 63
Fiscal year endsHeaderDecember
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$86K$340K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$94K$525K
LiabilitiesLn 26$77K$171K
Net assetsLn 32$16K$354K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$119K$119K
Grants to domestic individualsLn 2$39K$39K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$309K$255K$32K$22K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$136K$123K$6K$6K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$30K$25K$3K$2K
Management feesLn 11a$0
Legal feesLn 11b$800$800
Accounting feesLn 11c$8K$8K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$581K$538K$38K$5K
Advertising and promotionLn 12$30$30
Office expensesLn 13$17K$15K$2K
Information technologyLn 14$12K$5K$4K$3K
RoyaltiesLn 15$0
OccupancyLn 16$13K$13K$177
TravelLn 17$8K$8K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$7K$7K
Total functional expensesLn 25$1.3M$1.1M$97K$37K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.3M$1.8M−$518K−$58K 990 PDF
FY2023 $1.8M$2.5M−$709K$460K 990 PDF
FY2022 $7.4M$6.6M$815K$1.2M 990 PDF
FY2021 Viewing $1.6M$1.3M$341K$354K 990 PDF
FY2020 $514K$498K$16K$16K 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 $1,623,900 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $487,805$1,555,700
I-9 Program service revenuePrior year $26,500$68,200
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $514,305$1,623,900
I-13 Grants and similar amounts paidPrior year $0$158,715
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $132,703$474,578
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $365,312$649,610
I-18 Total expensesPrior year $498,015$1,282,903
I-19 Revenue less expensesPrior year $16,290$340,997
Part VI · Governance 3 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,623,900 across 11 lines filed
VIII-1e Government grants$132,624
VIII-1f All other contributions, gifts and grants$1,423,076
VIII-1g Noncash contributions (included above)$124,657
VIII-1h Total contributions, gifts and grants$1,555,700
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $68,200$68,200
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $68,200$1,623,900
Part IX · Statement of functional expenses $1,282,903 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $119,400$119,400
IX-2 Grants to domestic individualsPrograms $39,315$39,315
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $254,867 · Management $32,363 · Fundraising $21,513$308,743
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $123,334 · Management $6,115 · Fundraising $6,117$135,566
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $24,517 · Management $3,331 · Fundraising $2,421$30,269
IX-11a Management fees$0
IX-11b Legal feesPrograms $800$800
IX-11c Accounting feesManagement $8,200$8,200
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $538,383 · Management $38,234 · Fundraising $4,574$581,191
IX-12 Advertising and promotionPrograms $30$30
IX-13 Office expensesPrograms $15,067 · Management $1,537$16,604
IX-14 Information technologyPrograms $5,495 · Management $4,044 · Fundraising $2,856$12,395
IX-15 Royalties$0
IX-16 OccupancyPrograms $12,911 · Management $177$13,088
IX-17 TravelPrograms $8,085$8,085
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $2,521$2,521
IX-24 Other expenses (24a–d)Programs $6,696$6,696
IX-25 Total functional expensesPrograms $1,148,900 · Management $96,522 · Fundraising $37,481$1,282,903
Part X · Balance sheet $525,145 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $86,014$340,065
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$159,674
X-4 Accounts receivableStart of year $7,500$23,756
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$1,650
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $93,514$525,145
X-17 Accounts payable and accrued expensesStart of year $22,224$70,673
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$100,480
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $55,000$0
X-26 Total liabilitiesStart of year $77,224$171,153
X-27 Net assets without donor restrictionsStart of year −$53,177$175,650
X-28 Net assets with donor restrictionsStart of year $69,467$178,342
X-32 Total net assets or fund balancesStart of year $16,290$353,992
X-33 Total liabilities and net assetsStart of year $93,514$525,145
Part XI · Reconciliation of net assets $353,992 net assets at year end
XI-1 Total revenue$1,623,900
XI-2 Total expenses$1,282,903
XI-3 Revenue less expenses$340,997
XI-4 Net assets at start of year$16,290
XI-8 Prior period adjustments−$3,295
XI-10 Net assets at end of year$353,992

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

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