Loiter FY2021 filing

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Our mission is to confront the effects of systemic racism and encourag intentional re-investment needed to build successful community owned enterprises that result in spatial and economic justice

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$13K 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 3
filings with a surplus
Average surplus $50K a year · 25% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$13K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $140K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$20K
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 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
$106K
Spent
$89K
To programs
100%
Net assets
$37K
By yearFY2021–FY2024
Revenue
$106K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$106K
FY2022$201K
FY2024$291K
Expenses
$89K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$89K
FY2022$139K
FY2024$221K
Net assets
$37K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$37K
FY2022$77K
FY2024$123K

From the FY2021 Form 990 (year ending September 2021) · 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 Nov 2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $89K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990; $13K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Co Founder Chief Equity Officer
$13,000Pt VII · Sec A

Ismail Samad’s $27K as Cofounder is at the 14th percentile of top reported officer pay among 1709 $100K–1M community development 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 · 1 named individual · Part VII

NameFY2022FY2021
Ismail Samad$26,884$13,000

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 Loiter 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

Fights systemic racism by funding community-owned businesses for economic justice.

Questions for Loiter

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3 programs · $40K · in their own filed words · FY2020
01

Sanctuary Homes Pilot is designed to be a neighborhood improvement program that works with homeowners, and property owners to increase the value in their land and property.

$20Kprogram expense
02

Voive and Culture pilot will bring the dreams, hidden stories, history, lifeways and realities of East Cleveland's African-American community to life through gatherings, podcasts, books, news, service, art, music, film and video.

$10Kprogram expense
03

Loiter Sports health and wellness pilot is a community offering to help address health and wellbeing through recreation

$10Kprogram 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 3 funders$140K
See all 3 funders →
Grants paid · 1 grant · $20K · 2020–2020
Unitemized GrantFY2020$20,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$106K
Ln 12
Gifts and grantsLn 1h$106K
Money outPt IX
$89K
Ln 25
Programscol B$89K
Owns and owesPt X
$37K
net assets · Ln 32
Cash and savingsLn 1–2$17K
Total assetsLn 16$57K
LiabilitiesLn 26$20K
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$106K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$106K
Assets in detailPt X, end of year
CashLn 1$17K
Cash and savings togetherLn 1–2$17K
Prepaid expenses and deferred chargesLn 9$20K
Other assetsLn 15$20K
Total assetsLn 16$57K
LiabilitiesLn 26$20K
Net assetsLn 32$37K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$106K$17K
InvestmentsLn 11–13$0$0
Total assetsLn 16$106K$57K
LiabilitiesLn 26$0$20K
Net assetsLn 32$106K$37K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$20K$20K
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$3K$3K
Pay of disqualified personsLn 6$0$0
Other salaries and wagesLn 7$0$0
Pension plan contributionsLn 8$0$0
Other employee benefitsLn 9$0$0
Payroll taxesLn 10$740$740
Management feesLn 11a$17K$17K
Legal feesLn 11b$125$125
Accounting feesLn 11c$300$300
Lobbying feesLn 11d$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$19K$19K
Office expensesLn 13$406$406
Information technologyLn 14$0$0
RoyaltiesLn 15$0$0
OccupancyLn 16$15K$15K
TravelLn 17$274$274
Travel and entertainment for public officialsLn 18$0$0
Conferences, conventions and meetingsLn 19$0$0
InterestLn 20$0$0
Payments to affiliatesLn 21$0$0
Depreciation, depletion and amortizationLn 22$0$0
InsuranceLn 23$900$900
All other expensesLn 24e$10K$10K
Total functional expensesLn 25$89K$89K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Jul 3, 2026 $291K$221K$70K$123K 990 PDF
FY2023 Not on file
FY2022Filed with the IRS Mar 13, 2024 $201K$139K$62K$77K 990 PDF
FY2021 ViewingFiled with the IRS Mar 21, 2022 $106K$89K$17K$37K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $106,500 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$106,500
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$106,500
I-13 Grants and similar amounts paid$20,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$3,590
I-16a Professional fundraising fees$0
I-17 Other expenses$65,432
I-18 Total expensesPrior year $0$89,022
I-19 Revenue less expensesPrior year $0$17,478
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $106,500 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$106,500
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$106,500
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$106,500
Part IX · Statement of functional expenses $89,022 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $20,000$20,000
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $2,850$2,850
IX-6 Pay of disqualified personsPrograms $0$0
IX-7 Other salaries and wagesPrograms $0$0
IX-8 Pension plan contributionsPrograms $0$0
IX-9 Other employee benefitsPrograms $0$0
IX-10 Payroll taxesPrograms $740$740
IX-11a Management feesPrograms $17,000$17,000
IX-11b Legal feesPrograms $125$125
IX-11c Accounting feesPrograms $300$300
IX-11d Lobbying feesPrograms $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0$0
IX-11g Other fees for servicesPrograms $2,000$2,000
IX-12 Advertising and promotionPrograms $19,391$19,391
IX-13 Office expensesPrograms $406$406
IX-14 Information technologyPrograms $0$0
IX-15 RoyaltiesPrograms $0$0
IX-16 OccupancyPrograms $14,920$14,920
IX-17 TravelPrograms $274$274
IX-18 Travel and entertainment for public officialsPrograms $0$0
IX-19 Conferences, conventions and meetingsPrograms $0$0
IX-20 InterestPrograms $0$0
IX-21 Payments to affiliatesPrograms $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0$0
IX-23 InsurancePrograms $900$900
IX-24e All other expensesPrograms $10,116$10,116
IX-25 Total functional expensesPrograms $89,022 · Management $0 · Fundraising $0$89,022
Part X · Balance sheet $57,478 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $106,500$17,478
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $0$0
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans 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$20,000
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 assets$20,000
X-16 Total assetsStart of year $106,500$57,478
X-18 Grants payableStart of year $0$20,000
X-26 Total liabilitiesStart of year $0$20,000
X-27 Net assets without donor restrictionsStart of year $106,500$37,478
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $106,500$37,478
X-33 Total liabilities and net assetsStart of year $106,500$57,478
Part XI · Reconciliation of net assets $37,478 net assets at year end
XI-1 Total revenue$106,500
XI-2 Total expenses$89,022
XI-3 Revenue less expenses$17,478
XI-4 Net assets at start of year$106,500
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$86,500
XI-10 Net assets at end of year$37,478

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

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