50by40 INC

Leawood, KSUnknown exempt organizationEIN 84-4814993

We are a global, collective impact organization aiming to cut the global production and consumption of animal products by 50% by 2040.

74¢ of each $1 spent went to programs.
$4K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
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
2 of 4
filings with a surplus
Average surplus $0 a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Named funders
1
named funder · $42
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 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
$55
-100% vs prior year
Spent
$42K
To programs
74%
Net assets
$0
By yearFY2020–FY2023
Revenue
$55
FY2023▼ -100%
Revenue by fiscal year
FY2020$833K
FY2021$1.1M
FY2022$388K
FY2023$55
Expenses
$42K
FY2023▼ -93%
Expenses by fiscal year
FY2020$631K
FY2021$1.0M
FY2022$601K
FY2023$42K
Net assets
$0
FY2023▼ -100%
Net assets by fiscal year
FY2020$202K
FY2021$255K
FY2022$42K
FY2023$0

From the FY2023 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $31K Management & general 26% · $11K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

3 people listed on the 990; $4K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO & Board Vice Chair/Vic
$4,185Pt VII · Sec A
Board Chair/Vice President
$0Pt VII · Sec A
Board Treasurer/Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Lasse Bruun$4,185$120,000$112,500$86,000
Sebastian Joy——$24,000—

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Reducing global animal product use by half by 2040.

Provided by the organization

This section is blank until 50by40 INC claims this page.

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1 program service account for $31K of program spending, described in the organization's own filed words · FY2023.
01

Dissolution of operations

$31Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$42

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$55
Ln 12
Gifts and grantsLn 1h$42
Investment incomeLn 3$13
Money outPt IX
$42K
Ln 25
Programscol B$31K
Managementcol C$11K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$42
Investment incomeLn 3$13
Total revenueLn 12$55
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY23End FY23
Cash and savingsLn 1–2$42K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$42K$0
LiabilitiesLn 26$0$0
Net assetsLn 32$42K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K$2K
Other salaries and wagesLn 7$30K$30K
Payroll taxesLn 10$37$37
Management feesLn 11a$4K$4K
Advertising and promotionLn 12$250$250
Office expensesLn 13$1K$1K
Information technologyLn 14$3K$3K
InsuranceLn 23$3K$3K
Total functional expensesLn 25$42K$31K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $55$42K−$42K$0 990 PDF
FY2022 $388K$601K−$212K$42K 990 PDF
FY2021 $1.1M$1.0M$53K$255K 990 PDF
FY2020 $833K$631K$202K$202K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $55 across 4 lines filed
VIII-1f All other contributions, gifts and grants$42
VIII-1h Total contributions, gifts and grants$42
VIII-3 Investment incomeExcluded from tax $13$13
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $13$55
Part IX · Statement of functional expenses $42,330 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $1,541$1,541
IX-7 Other salaries and wagesPrograms $29,719$29,719
IX-10 Payroll taxesPrograms $37$37
IX-11a Management feesManagement $3,624$3,624
IX-12 Advertising and promotionManagement $250$250
IX-13 Office expensesManagement $1,402$1,402
IX-14 Information technologyManagement $2,578$2,578
IX-23 InsuranceManagement $3,179$3,179
IX-25 Total functional expensesPrograms $31,297 · Management $11,033 · Fundraising $0$42,330
Part X · Balance sheet $0 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $42,275$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $42,275$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $42,275$0
X-33 Total liabilities and net assetsStart of year $42,275$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$55
XI-2 Total expenses$42,330
XI-3 Revenue less expenses−$42,275
XI-4 Net assets at start of year$42,275
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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