Zabs Place FY2024 filing

Tax-deductible

Charlotte, NC501(c)(3)EmploymentEIN 86-2748481

Our mission is to help young adults with special needs harness their own special talents and prepare them to transition to rewarding careers and realize their dreams of leading meaningful lives.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
3 of 4
filings with a surplus
Average surplus $77K a year · 16% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 14.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $4K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$706K
+72% vs prior year
Spent
$371K
To programs
80%
Net assets
$517K
By yearFY2021–FY2025
Revenue
$706K
FY2024▲ +72%
Revenue by fiscal year
FY2021$80K
FY2022$392K
FY2023$411K
FY2024$706K
FY2025$453K
Expenses
$371K
FY2024▼ -17%
Expenses by fiscal year
FY2021Not on file
FY2022$386K
FY2023$449K
FY2024$371K
FY2025$446K
Net assets
$517K
FY2024▲ +184%
Net assets by fiscal year
FY2021$213K
FY2022$219K
FY2023$182K
FY2024$517K
FY2025$523K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2022.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $297K Management & general 20% · $74K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Foundation Manager
$0Pt VII · Sec A
Foundation Manager
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
See Zabs Place 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 15aYes

Programs and updates

Empowering young adults with special needs to find careers and live fulfilling lives.

Provided by the organization

This section is blank until Zabs Place claims this page.

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1 program service account for $297K of program spending, described in the organization's own filed words · FY2024.
01

We offer Job Skills Training, based on the interests and abilities of each of our Specially Talented trainees. During 2022 52 individuals particpated in our job training program. Additionally our ZABSpreneurs program helps individuals with special talents develop and market products they create.

$297Kprogram 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 · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$4K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$706K
Ln 12
Gifts and grantsLn 1h$442K
Fees for servicesLn 2g$245K
Other incomeLn 4–11$14K
Money outPt IX
$371K
Ln 25
Programscol B$297K
Managementcol C$74K
Owns and owesPt X
$517K
net assets · Ln 32
Cash and savingsLn 1–2$443K
Total assetsLn 16$523K
LiabilitiesLn 26$7K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$442K
Fees for servicesLn 2g$245K
Investment incomeLn 3$6K
Other incomeLn 4–11$14K
Total revenueLn 12$706K
Assets in detailPt X, end of year
CashLn 1$443K
Cash and savings togetherLn 1–2$443K
Land, buildings, equipmentLn 10c$26K
Other assetsLn 15$54K
Total assetsLn 16$523K
LiabilitiesLn 26$7K
Net assetsLn 32$517K
OperationsPt I, VI
EmployeesI 523
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 FY24End FY24
Cash and savingsLn 1–2$120K$443K
Land, buildings, equipmentLn 10c$43K$26K
Total assetsLn 16$214K$523K
LiabilitiesLn 26$32K$7K
Net assetsLn 32$182K$517K
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$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$189K$189K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$16K$16K
Management feesLn 11a$0
Legal feesLn 11b$250$250
Accounting feesLn 11c$5K$5K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$8K$8K
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$16K$16K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$84K$84K
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$17K$17K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$17K$9K$8K
All other expensesLn 24e$249$249
Total functional expensesLn 25$371K$297K$74K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $453K$446K$6K$523K 990 PDF
FY2024 Viewing $706K$371K$335K$517K 990 PDF
FY2023 $411K$449K−$37K$182K 990 PDF
FY2022 $392K$386K$6K$219K 990 PDF
FY2021 $80K$213K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $706,091 across 6 lines filed
VIII-1f All other contributions, gifts and grants$441,843
VIII-1h Total contributions, gifts and grants$441,843
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $244,658$244,658
VIII-3 Investment incomeRelated to mission $5,677$5,677
VIII-8 Net income from fundraising events$13,913
VIII-12 Total revenueRelated to mission $250,335$706,091
Part IX · Statement of functional expenses $371,349 across 30 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 staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $188,666$188,666
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $15,884$15,884
IX-11a Management fees$0
IX-11b Legal feesManagement $250$250
IX-11c Accounting feesManagement $4,850$4,850
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $8,455$8,455
IX-12 Advertising and promotionManagement $9,670$9,670
IX-13 Office expensesManagement $16,354$16,354
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $83,763$83,763
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 amortizationManagement $17,248$17,248
IX-23 InsuranceManagement $9,005$9,005
IX-24 Other expenses (24a–d)Programs $8,969 · Management $7,986$16,955
IX-24e All other expensesManagement $249$249
IX-25 Total functional expensesPrograms $297,282 · Management $74,067 · Fundraising $0$371,349
Part X · Balance sheet $523,447 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $120,497$443,261
X-10c Land, buildings and equipment, netStart of year $43,122$25,874
X-15 Other assetsStart of year $50,047$54,312
X-16 Total assetsStart of year $213,666$523,447
X-17 Accounts payable and accrued expensesStart of year $6,634$6,673
X-26 Total liabilitiesStart of year $31,634$6,673
X-27 Net assets without donor restrictionsStart of year $182,032$516,774
X-32 Total net assets or fund balancesStart of year $182,032$516,774
X-33 Total liabilities and net assetsStart of year $213,666$523,447
Part XI · Reconciliation of net assets $516,774 net assets at year end
XI-1 Total revenue$706,091
XI-2 Total expenses$371,349
XI-3 Revenue less expenses$334,742
XI-4 Net assets at start of year$182,032
XI-10 Net assets at end of year$516,774

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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