Spirits Training Entrepreneurship Program for Underrepresented Professiona FY2023 filing

Oakton, VA · Public charity (501(c)(3)) · Since 2020 · Education

✓ Tax-deductible
Revenue
$47K
-95% vs prior year
Spent
$227K
To programs
54%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$47K
FY2023▼ -95%
Revenue by fiscal year
FY2020$0
FY2021$774K
FY2022$975K
FY2023$47K
FY2024$50K
FY2025$31K
Expenses
$227K
FY2023▼ -4%
Expenses by fiscal year
FY2020Not on file
FY2021$66K
FY2022$236K
FY2023$227K
FY2024$229K
FY2025$160K
Net assets
$1.3M
FY2023▼ -12%
Net assets by fiscal year
FY2020−$2K
FY2021$706K
FY2022$1.5M
FY2023$1.3M
FY2024$1.1M
FY2025$968K

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CSpirits Training Entrepreneurship Program for Underrepresented Professiona
EINHdr · item D85-2454665
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 2021
Year of formationHdr · item L2020
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item COakton, VA
NTEE classificationIRS BMFEducation (B60)
WebsiteHdr · item Jstepupinternship.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.54 Management & general $0.38 Fundraising $0.08
Program services54%$122K
Management & general38%$86K
Fundraising8%$19K
Total functional expensesLn 25$227K

Financial health

Is it on solid ground?

Program efficiency
54%
of spending reaches programs
Operating runway
57.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-381%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$1.3M
FY2023▼ -14%
Total assets by fiscal year
FY2020Not on file
FY2021$709K
FY2022$1.5M
FY2023$1.3M
FY2024$1.1M
FY2025$978K
Total liabilities
$24K
FY2023▼ -50%
Total liabilities by fiscal year
FY2020Not on file
FY2021$3K
FY2022$49K
FY2023$24K
FY2024$635
FY2025$10K
Revenue less expensesPt I · Ln 19−$180K
Total assetsPt X · Ln 16$1.3M
Program-expense ratioPt IX · col B54%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Balance Sheet

Part X · end of year
CashLn 1$1.1M
Total assetsLn 16$1.3M
Total liabilitiesLn 26$24K
Total net assetsLn 32$1.3M
Months of cash on handcomputed57.6

Statement of Revenue

Part VIII
Investment income$25K · 54%
Contributions & grants$22K · 46%
Investment income54%$25K
Contributions & grants46%$22K
Total revenueLn 12$47K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.1M · Operating expenses/yr $227K
57.6 months
Where the money goes
Program services
Program services $122K · Total expenses $227K
54%
Management & General
Management & general $86K · Total expenses $227K
38%
Fundraising
Fundraising $19K · Total expenses $227K
8%
Cost to raise $1
Fundraising expense (3-yr avg) $6K · Solicited contributions (3-yr avg) $590K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $22K · Total revenue $47K
46%
Government reliance
Government grants — · Total revenue $47K
—
Earned-income share
Program service revenue $0 · Total revenue $47K
0%
Investment reliance
Investment income $25K · Total revenue $47K
+54%
Program self-sufficiency
Program service revenue $0 · Total expenses $227K
0%
Growth & trend
Revenue growth (YoY)
This year $47K · Prior year $975K
-95%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $47K · Expenses $227K
-381%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3M
—
Net-asset ratio
Net assets $1.3M · Total assets $1.3M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Chris Underwood · Reported title Director · Highest reported compensation $0 · Total expenses $227K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $54K · Total expenses $227K
24%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 54%——
Overhead ratio 38%——
Fundraising cost ratio 87%——
Revenue growth -95%——
Accounting fee ratio 8%——
Fundraising fee ratio 4%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director Secretary
$0Pt VII · Sec A
Director Treasurer
$0Pt VII · Sec A
Director President
$0Pt VII · Sec A
$0Pt VII · Sec A
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Governance & Policies

Part VI
  • 7Voting board membersPt VI · Ln 1a
  • 7Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Trains and supports underrepresented individuals to enter the craft spirits industry.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $367K of program spending, described in the organization's own filed words · FY2023.
01

Provided the underserved and underrepresented individuals with hands-on training and education, encouragement, and opportunities to enter the spirits community through a comprehensive internship program like no other in the alcohol beverage industry.

$122Kprogram expense
02

Provided the underserved and underrepresented individuals with hands-on training and education, encouragement, and opportunities to enter the spirits community through a comprehensive internship program like no other in the alcohol beverage industry.

$122Kprogram expense
03

Provided the underserved and underrepresented individuals with hands-on training and education, encouragement, and opportunities to enter the spirits community through a comprehensive internship program like no other in the alcohol beverage industry.

$122Kprogram 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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$100K
Grants paid · 2 grants · $58K · 2024–2025
Unitemized GrantFY2025$14,733
Unitemized GrantFY2024$42,900

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $31K$160K-39% 990 PDF
FY2024 $50K$229K+6% 990 PDF
FY2023 Viewing $47K$227K-95% 990 PDF
FY2022 $975K$236K+26% 990 PDF
FY2021 $774K$66K 990 PDF
FY2020 $0— 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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