Venti-Now FY2020 filing

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To provide access to ventilators to individuals and organizations worldwide in order to provide treatment for covid-19 and other respiratory ailments.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 85-0529241) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest 990-N e-Postcard
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Spent on programs
80%
of spending
80% of spending went to programs.
Pt IX · Ln 25 · col B
8.6 mo
of spending, in cash
8.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$635K
Spent
$369K
To programs
80%
Net assets
$266K
By yearFY2020–FY2022
Revenue
$635K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$635K
FY2021$38K
FY2022$61K
Net assets
$266K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$266K
FY2021$57K
FY2022$59K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Files the 990-N e-Postcard (latest 2024). Last full Form 990: 2022. IRS ruling in Jul 2021.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $295K Management & general 19% · $72K Fundraising 1% · $2K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Dir. of Engi
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Corp Secreta
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Judith Meritz’s $5K as Fda Team Lea is at the 17th percentile of top reported officer pay among 90 <$100K medical research 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.

See Venti-Now executive salaries →

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

Provides ventilators globally for COVID-19 and other respiratory treatments.

Questions for Venti-Now

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1 program · $295K · in their own filed words · FY2020
01

To provide lightweight, portable, and inexpensive ventilator for use on patients who need assistance in breathing. A total of 55 ventilators have been built and sent around the world to countries including africa and asia.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 85-0529241) · Dispute this line
$295Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$635K
Ln 12
Gifts and grantsLn 1h$631K
Other incomeLn 4–11$4K
Money outPt IX
$369K
Ln 25
Programscol B$295K
Managementcol C$72K
Fundraisingcol D$2K
Owns and owesPt X
$266K
net assets · Ln 32
Cash and savingsLn 1–2$266K
Total assetsLn 16$266K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$631K
Other incomeLn 4–11$4K
Total revenueLn 12$635K
Assets in detailPt X, end of year
CashLn 1$266K
Cash and savings togetherLn 1–2$266K
Total assetsLn 16$266K
LiabilitiesLn 26$0
Net assetsLn 32$266K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$161K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$266K
Total assetsLn 16$0$266K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$266K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$161K$161K
Legal feesLn 11b$34K$34K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$96K$81K$14K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$10K$2K$8K
Information technologyLn 14$5K$5K
TravelLn 17$4K$4K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$47K$47K$31
Total functional expensesLn 25$369K$295K$72K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 LatestFiled with the IRS Aug 28, 2023 $61K$59K 990 PDF
FY2021Filed with the IRS May 12, 2022 $38K$57K 990 PDF
FY2020 ViewingFiled with the IRS Jan 7, 2022 $635K$369K$266K$266K 990 PDF

Files the 990-N e-Postcard (latest 2024). Last full Form 990: 2022. The 990-N has no money details, and postcard years before 2024 are not published by the IRS.

Schedules filed Part IV

A · Public support F · Foreign I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $634,921 revenue, 12 lines filed
I-8 Contributions and grants$630,800
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$4,121
I-12 Total revenue$634,921
I-13 Grants and similar amounts paid$161,178
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$208,234
I-18 Total expenses$369,412
I-19 Revenue less expenses$265,509
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $634,921 across 4 lines filed
VIII-1f All other contributions, gifts and grants$630,800
VIII-1h Total contributions, gifts and grants$630,800
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,121$4,121
VIII-12 Total revenueRelated to mission $4,121$634,921
Part IX · Statement of functional expenses $369,412 across 10 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $161,178$161,178
IX-11b Legal feesManagement $34,199$34,199
IX-11c Accounting feesManagement $5,519$5,519
IX-11g Other fees for servicesPrograms $81,448 · Management $14,456$95,904
IX-12 Advertising and promotionFundraising $2,233$2,233
IX-13 Office expensesPrograms $2,353 · Management $7,525$9,878
IX-14 Information technologyManagement $4,720$4,720
IX-17 TravelPrograms $3,628$3,628
IX-23 InsuranceManagement $5,236$5,236
IX-24 Other expenses (24a–d)Programs $46,886 · Management $31$46,917
IX-25 Total functional expensesPrograms $295,493 · Management $71,686 · Fundraising $2,233$369,412
Part X · Balance sheet $265,509 assets, 6 lines filed
X-1 Cash, non-interest-bearing$265,509
X-16 Total assetsStart of year $0$265,509
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$265,509
X-32 Total net assets or fund balancesStart of year $0$265,509
X-33 Total liabilities and net assetsStart of year $0$265,509
Part XI · Reconciliation of net assets $265,509 net assets at year end
XI-1 Total revenue$634,921
XI-2 Total expenses$369,412
XI-3 Revenue less expenses$265,509
XI-10 Net assets at end of year$265,509

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

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