Third Act Initiative INC FY2022 filing

New York, NYUnknown exempt organization EIN 88-0776955Revenue $896K in FY2022

On file with the IRSthirdact.org169 Madison Ave · New York, NY

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To build a community of americans over the age of sixty determined to change the world for the better.

52¢ of each $1 spent went to programs.
$86K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
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 $95K a year · 6% 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
52%
of spending
Worth a look: 52% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$86K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $749K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% 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
$896K
Spent
$731K
To programs
52%
Net assets
$166K
By yearFY2022–FY2024
Revenue
$896K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$896K
FY2023$2.0M
FY2024$1.6M
Expenses
$731K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$731K
FY2023$1.9M
FY2024$1.5M
Net assets
$166K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$166K
FY2023$255K
FY2024$260K

From the FY2022 Form 990 · 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

52 cents of each dollar spent went to programs.

Program services 52% · $382K Management & general 42% · $308K Fundraising 6% · $41K

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

4 people listed on the 990; $86K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$86,250Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022
Kafia Ahmed$162,500$120,938—
Vanessa Arcara$162,119$120,938$86,250
Simone Salvo$107,447——

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.

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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

Empowers Americans over sixty to collaborate and improve the world.

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Provided by the organization

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1 program · $382K · in their own filed words · FY2022
01

The organization develops and supports third act working groups in geographic and interest-based communities across the united states, who carry out programmatic campaigns to safeguard democracy and civil rights, and to protect our climate.

$382Kprogram expense

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 · FY2024
Total grants receivedfrom 3 funders$749K
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$896K
Ln 12
Gifts and grantsLn 1h$896K
Money outPt IX
$731K
Ln 25
Programscol B$382K
Managementcol C$308K
Fundraisingcol D$41K
Owns and owesPt X
$166K
net assets · Ln 32
Cash and savingsLn 1–2$166K
Total assetsLn 16$166K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$896K
Total revenueLn 12$896K
Assets in detailPt X, end of year
CashLn 1$166K
Cash and savings togetherLn 1–2$166K
Total assetsLn 16$166K
LiabilitiesLn 26$0
Net assetsLn 32$166K
OperationsPt I, VI
EmployeesI 58
VolunteersI 61,000
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$166K
Total assetsLn 16$0$166K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$166K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$86K$74K$7K$5K
Other salaries and wagesLn 7$224K$45K$174K$4K
Other employee benefitsLn 9$44K$17K$26K$1K
Payroll taxesLn 10$29K$11K$17K$825
Accounting feesLn 11c$29K$29K
Other fees for servicesLn 11g$132K$113K$2K$17K
Advertising and promotionLn 12$107K$106K$683
Office expensesLn 13$12K$6K$4K$2K
Information technologyLn 14$39K$1K$37K$710
TravelLn 17$9K$8K$750$40
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$12K$2K$10K
Total functional expensesLn 25$731K$382K$308K$41K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.6M$1.5M$29K$260K 990 PDF
FY2023 $2.0M$1.9M$89K$255K 990 PDF
FY2022 Viewing $896K$731K$166K$166K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $896,157 revenue, 12 lines filed
I-8 Contributions and grants$896,157
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$896,157
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$382,376
I-16a Professional fundraising fees$0
I-17 Other expenses$348,207
I-18 Total expenses$730,583
I-19 Revenue less expenses$165,574
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $896,157 across 3 lines filed
VIII-1f All other contributions, gifts and grants$896,157
VIII-1h Total contributions, gifts and grants$896,157
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$896,157
Part IX · Statement of functional expenses $730,583 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $74,473 · Management $7,022 · Fundraising $4,755$86,250
IX-7 Other salaries and wagesPrograms $45,199 · Management $174,219 · Fundraising $4,206$223,624
IX-9 Other employee benefitsPrograms $16,978 · Management $25,714 · Fundraising $1,271$43,963
IX-10 Payroll taxesPrograms $11,022 · Management $16,692 · Fundraising $825$28,539
IX-11c Accounting feesManagement $29,400$29,400
IX-11g Other fees for servicesPrograms $113,193 · Management $1,938 · Fundraising $17,010$132,141
IX-12 Advertising and promotionPrograms $106,000 · Management $683$106,683
IX-13 Office expensesPrograms $5,895 · Management $4,055 · Fundraising $1,956$11,906
IX-14 Information technologyPrograms $1,085 · Management $37,488 · Fundraising $710$39,283
IX-17 TravelPrograms $8,119 · Management $750 · Fundraising $40$8,909
IX-23 InsuranceManagement $7,944$7,944
IX-24 Other expenses (24a–d)Management $1,851 · Fundraising $10,090$11,941
IX-25 Total functional expensesPrograms $381,964 · Management $307,756 · Fundraising $40,863$730,583
Part X · Balance sheet $165,574 assets, 6 lines filed
X-1 Cash, non-interest-bearing$165,574
X-16 Total assetsStart of year $0$165,574
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$165,574
X-32 Total net assets or fund balancesStart of year $0$165,574
X-33 Total liabilities and net assetsStart of year $0$165,574
Part XI · Reconciliation of net assets $165,574 net assets at year end
XI-1 Total revenue$896,157
XI-2 Total expenses$730,583
XI-3 Revenue less expenses$165,574
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$165,574

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

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