Save Our Savings FY2020 filing

Reston, VAUnknown exempt organizationEIN 85-2227801Revenue $892K in FY2020

On file with the IRS1818 Library St Suite 500 · Reston, VA

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To further the common good and general welfare of u.s. Citizens by engaging in education & advocacy efforts to protect retirement accounts of americans from excessive taxation

92¢ of each $1 spent went to programs.
$5K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $76K a year · 6% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5K
to officers and key staff · 0.6% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$892K
Spent
$880K
To programs
92%
Net assets
$12K
By yearFY2020–FY2022
Revenue
$892K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$892K
FY2021$1.5M
FY2022$0
Expenses
$880K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$880K
FY2021$1.4M
FY2022Not on file
Net assets
$12K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$12K
FY2021$153K
FY2022$0

From the FY2020 Form 990 · see the original

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

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $810K Management & general 8% · $70K

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

2 people listed on the 990; $5K paid to officers and key staff.

Part VII, Section A · reportable compensation
$5,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Timothy Hyland$5,000$5,000

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.

See Save Our Savings 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

Educates and advocates to protect Americans' retirement accounts from excessive taxation.

Questions for Save Our Savings

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Provided by the organization

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1 program · $810K · in their own filed words · FY2020
01

To further the common good and general welfare of U.S. Citizens by engaging in education & advocacy efforts to protect retirement accounts of americans from excessive taxation.

$810Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$892K
Ln 12
Gifts and grantsLn 1h$892K
Money outPt IX
$880K
Ln 25
Programscol B$810K
Managementcol C$70K
Owns and owesPt X
$12K
net assets · Ln 32
Cash and savingsLn 1–2$12K
Total assetsLn 16$12K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$892K
Gains on assetsLn 7$0
Total revenueLn 12$892K
Assets in detailPt X, end of year
CashLn 1$12K
SavingsLn 2$0
Cash and savings togetherLn 1–2$12K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$12K
LiabilitiesLn 26$0
Net assetsLn 32$12K
OperationsPt I, VI
EmployeesI 50
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 FY20End FY20
Cash and savingsLn 1–2$0$12K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$0$12K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$12K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
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$5K$5K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$43K$43K
Legal feesLn 11b$14K$14K
Accounting feesLn 11c$8K$8K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$810K$810K
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
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$0
Total functional expensesLn 25$880K$810K$70K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $0$0 990 PDF
FY2021 $1.5M$1.4M$141K$153K 990 PDF
FY2020 Viewing $892K$880K$12K$12K 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 $891,500 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$891,500
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $0$891,500
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$5,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$874,836
I-18 Total expensesPrior year $0$879,836
I-19 Revenue less expensesPrior year $0$11,664
Part VI · Governance 1 of 1 board members independent, 1 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members1
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $891,500 across 8 lines filed
VIII-1f All other contributions, gifts and grants$891,500
VIII-1h Total contributions, gifts and grants$891,500
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 revenue$891,500
Part IX · Statement of functional expenses $879,836 across 29 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
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 staffManagement $5,000$5,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesManagement $42,625$42,625
IX-11b Legal feesManagement $14,324$14,324
IX-11c Accounting feesManagement $8,012$8,012
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $809,875$809,875
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
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 Insurance$0
IX-25 Total functional expensesPrograms $809,875 · Management $69,961 · Fundraising $0$879,836
Part X · Balance sheet $11,664 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $0$11,664
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
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 $0$11,664
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
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 $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $0$11,664
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$11,664
X-33 Total liabilities and net assetsStart of year $0$11,664
Part XI · Reconciliation of net assets $11,664 net assets at year end
XI-1 Total revenue$891,500
XI-2 Total expenses$879,836
XI-3 Revenue less expenses$11,664
XI-4 Net assets at start of year$0
XI-10 Net assets at end of year$11,664

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

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