Loiter FY2022 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.
62¢ of each $1 spent went to programs.
$27K 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

FY2022 · 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
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$27K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
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
$123K
62% of total assets
Fine: liabilities are 62% of assets; 50% to 65%.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$201K
+88% vs prior year
Spent
$139K
To programs
62%
Net assets
$77K
By yearFY2021–FY2024
Revenue
$201K
FY2022▲ +88%
Tap a bar for its year
Revenue by fiscal year
FY2021$106K
FY2022$201K
FY2024$291K
Expenses
$139K
FY2022▲ +56%
Tap a bar for its year
Expenses by fiscal year
FY2021$89K
FY2022$139K
FY2024$221K
Net assets
$77K
FY2022▲ +106%
Tap a bar for its year
Net assets by fiscal year
FY2021$37K
FY2022$77K
FY2024$123K

From the FY2022 Form 990 (year ending September 2022) · see the original

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You’re viewing the FY2022 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

62 cents of each dollar spent went to programs.

Program services 62% · $86K Management & general 38% · $53K

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

7 people listed on the 990; $27K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Cofounder
$26,884Pt VII · Sec A
Cofounder President
$0Pt VII · Sec A
$0Pt VII · Sec A
Exec Director
$0Pt VII · Sec A
Exec Director
$0Pt VII · Sec A
Program Mgr
$0Pt VII · Sec A
Director
$0Pt 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.

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2 programs · $139K · in their own filed words · FY2021
01

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

$86Kprogram expense
02

Wake Robin Foods support local sustainable agriculture, local farmers and the local economy through the establishment of a community owned supply chain and ecosystem in East Cleveland

$53Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$201K
Ln 12
Gifts and grantsLn 1h$82K
Fees for servicesLn 2g$70K
Other incomeLn 4–11$49K
Money outPt IX
$139K
Ln 25
Programscol B$86K
Managementcol C$53K
Owns and owesPt X
$77K
net assets · Ln 32
Cash and savingsLn 1–2$51K
Total assetsLn 16$200K
LiabilitiesLn 26$123K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$82K
Fees for servicesLn 2g$70K
Other incomeLn 4–11$49K
Total revenueLn 12$201K
Assets in detailPt X, end of year
CashLn 1$51K
Cash and savings togetherLn 1–2$51K
Land, buildings, equipmentLn 10c$145K
InvestmentsLn 11–13$5K
Total assetsLn 16$200K
LiabilitiesLn 26$123K
Net assetsLn 32$77K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderSeptember
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 FY22End FY22
Cash and savingsLn 1–2$17K$51K
InvestmentsLn 11–13$5K
Land, buildings, equipmentLn 10c$145K
Total assetsLn 16$57K$200K
LiabilitiesLn 26$20K$123K
Net assetsLn 32$37K$77K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$27K$27K
Other salaries and wagesLn 7$36K$23K$13K
Payroll taxesLn 10$8K$5K$3K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$3K$3K
Information technologyLn 14$4K$4K
OccupancyLn 16$25K$25K
TravelLn 17$11K$11K
InsuranceLn 23$721$721
Other expenses (24a–d)Ln 24$17K$8K$8K
All other expensesLn 24e$6K$4K$2K
Total functional expensesLn 25$139K$86K$53K$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
FY2022 ViewingFiled with the IRS Mar 13, 2024 $201K$139K$62K$77K 990 PDF
FY2021Filed 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 FY2022 990 (6 parts)
Part I · Summary $200,696 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $106,500$81,643
I-9 Program service revenue$70,000
I-10 Investment income$0
I-11 Other revenue$49,053
I-12 Total revenuePrior year $106,500$200,696
I-13 Grants and similar amounts paidPrior year $20,000$0
I-14 Benefits paid to membersPrior year $2,850$0
I-15 Salaries and benefits$71,083
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $66,172$67,965
I-18 Total expensesPrior year $89,022$139,048
I-19 Revenue less expensesPrior year $17,478$61,648
Part VI · Governance 2 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $200,696 across 5 lines filed
Lines not itemized here account for $49,053 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$81,643
VIII-1h Total contributions, gifts and grants$81,643
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $70,000$70,000
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $70,000$200,696
Part IX · Statement of functional expenses $139,048 across 11 lines filed
IX-6 Pay of disqualified personsManagement $26,884$26,884
IX-7 Other salaries and wagesPrograms $23,281 · Management $12,734$36,015
IX-10 Payroll taxesPrograms $5,252 · Management $2,932$8,184
IX-12 Advertising and promotionPrograms $1,850$1,850
IX-13 Office expensesPrograms $2,910$2,910
IX-14 Information technologyPrograms $3,537$3,537
IX-16 OccupancyPrograms $25,125$25,125
IX-17 TravelPrograms $10,778$10,778
IX-23 InsurancePrograms $721$721
IX-24 Other expenses (24a–d)Programs $8,390 · Management $8,339$16,729
IX-24e All other expensesPrograms $4,227 · Management $2,088$6,315
IX-25 Total functional expensesPrograms $86,071 · Management $52,977 · Fundraising $0$139,048
Part X · Balance sheet $200,331 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $17,478$50,585
X-10c Land, buildings and equipment, net$144,746
X-13 Program-related investments$5,000
X-16 Total assetsStart of year $57,478$200,331
X-23 Secured mortgages and notes payable$123,311
X-26 Total liabilitiesStart of year $20,000$123,311
X-27 Net assets without donor restrictionsStart of year $37,478$77,020
X-32 Total net assets or fund balancesStart of year $37,478$77,020
X-33 Total liabilities and net assetsStart of year $57,478$200,331
Part XI · Reconciliation of net assets $77,020 net assets at year end
XI-1 Total revenue$200,696
XI-2 Total expenses$139,048
XI-3 Revenue less expenses$61,648
XI-4 Net assets at start of year$37,478
XI-10 Net assets at end of year$77,020

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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