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Therayouth Foundation

Tax-deductible

Basking Ridge, NJ501(c)(3)EIN 86-1970973Revenue $348K in FY2025

On file with the IRStherayouth.org104 Victoria Dr, 07920-2534 · Basking Ridge, NJTax-exempt since Nov 2021Publicly supported charity — 170(b)(1)(A)(vi)

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Therayouth's mission is to promote wellness and provide access to thestate-of-the-art physical therapy, occupational therapy, speech therapy tounderprivileged youth ages (0-21 years old) on a local and national level. We area not-for-profit organization that believes in the bright future of all childrenand are looking to bridge the gap in medical inequity affecting many communitiesof american cities.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $46K a year · 15% 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
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $20K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$328K
74% of total assets
Worth a look: liabilities are 74% of assets; over 65%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$348K
+24% vs prior year
Spent
$297K
To programs
63%
Net assets
$118K
By yearFY2021–FY2025
Revenue
$348K
FY2025▲ +24%
Tap a bar for its year
Revenue by fiscal year
FY2021$6K
FY2022$30K
FY2023$99K
FY2024$281K
FY2025$348K
Expenses
$297K
FY2025▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023Not on file
FY2024$241K
FY2025$297K
Net assets
$118K
FY2025▲ +77%
Tap a bar for its year
Net assets by fiscal year
FY2021$3K
FY2022$25K
FY2023$26K
FY2024$66K
FY2025$118K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2021.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $188K Management & general 21% · $62K Fundraising 16% · $47K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation
Irina Marcoff
Executive Director
$0Pt VII · Sec A
Korie Caruso
President
$0Pt VII · Sec A
Igor Berin
Vice President
$0Pt VII · Sec A
Andrea Pisani
Director of Finance
$0Pt VII · Sec A
Jaslynn Vesuvio
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Nipu Patel
Secretary
$0Pt VII · Sec A
Jennifer Allen
Clinical Director
$0Pt VII · Sec A
See Therayouth Foundation 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

Provides physical, occupational, and speech therapy to underprivileged youth.

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Provided by the organization

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1 program · in their own filed words · FY2025
01

DR. Marcoff created therayouth to provide children of all ages and challenges with comprehensive, personalize, expert care in communities where vital services currently don't exist. Therayouth strives to give all children from every income level the opportunity for a healther and stronger future.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Alexis Foundation INCFY2025$15K
Financial Resources Fcu FoundationsincFY2025$5K
Total grants receivedfrom 2 funders$20K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$348K
Ln 12
Gifts and grantsLn 1h$348K
Investment incomeLn 3$9
Money outPt IX
$297K
Ln 25
Programscol B$188K
Managementcol C$62K
Fundraisingcol D$47K
Owns and owesPt X
$118K
net assets · Ln 32
Cash and savingsLn 1–2$124K
Total assetsLn 16$446K
LiabilitiesLn 26$328K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$348K
Fundraising eventsLn 1c$41K
Investment incomeLn 3$9
Total revenueLn 12$348K
Assets in detailPt X, end of year
CashLn 1$124K
Cash and savings togetherLn 1–2$124K
Other assetsLn 15$322K
Total assetsLn 16$446K
LiabilitiesLn 26$328K
Net assetsLn 32$118K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY25End FY25
Cash and savingsLn 1–2$54K$124K
Total assetsLn 16$67K$446K
LiabilitiesLn 26$791$328K
Net assetsLn 32$66K$118K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$100K$100K
Payroll taxesLn 10$11K$11K
Other fees for servicesLn 11g$109K$3K$59K$47K
Office expensesLn 13$19K$19K
OccupancyLn 16$48K$48K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$3K$3K
Total functional expensesLn 25$297K$188K$62K$47K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $348K$297K$51K$118K 990 PDF
FY2024 $281K$241K$40K$66K 990 PDF
FY2023 $99K$26K 990 PDF
FY2022 $30K$25K 990 PDF
FY2021 $6K$3K 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 FY2025 990 (6 parts)
Part I · Summary $348,069 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $281,461$348,060
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2$9
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $281,463$348,069
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 $118,611$111,568
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $122,818$185,161
I-18 Total expensesPrior year $241,429$296,729
I-19 Revenue less expensesPrior year $40,034$51,340
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $348,069 across 6 lines filed
VIII-1c Fundraising events$40,609
VIII-1f All other contributions, gifts and grants$307,451
VIII-1h Total contributions, gifts and grants$348,060
VIII-3 Investment incomeRelated to mission $9$9
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $9 · Unrelated business $0 · Excluded from tax $0$348,069
Part IX · Statement of functional expenses $296,729 across 7 lines filed
IX-7 Other salaries and wagesPrograms $100,412$100,412
IX-10 Payroll taxesPrograms $11,156$11,156
IX-11g Other fees for servicesPrograms $3,190 · Management $59,429 · Fundraising $46,652$109,271
IX-13 Office expensesPrograms $19,363$19,363
IX-16 OccupancyPrograms $48,032$48,032
IX-23 InsurancePrograms $5,702$5,702
IX-24 Other expenses (24a–d)Management $2,793$2,793
IX-25 Total functional expensesPrograms $187,855 · Management $62,222 · Fundraising $46,652$296,729
Part X · Balance sheet $446,123 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $53,626$123,812
X-15 Other assetsStart of year $10,239$322,311
X-16 Total assetsStart of year $67,220$446,123
X-17 Accounts payable and accrued expensesStart of year $791$11,132
X-25 Other liabilitiesStart of year $0$317,222
X-26 Total liabilitiesStart of year $791$328,354
X-32 Total net assets or fund balancesStart of year $66,429$117,769
X-33 Total liabilities and net assetsStart of year $67,220$446,123
Part XI · Reconciliation of net assets $117,769 net assets at year end
XI-1 Total revenue$348,069
XI-2 Total expenses$296,729
XI-3 Revenue less expenses$51,340
XI-4 Net assets at start of year$66,429
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$117,769

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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