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Sterling Point Community Association

Not tax-deductible

Cypress, TX501(c)(4)Housing EIN 88-1141973Revenue $1.0M in FY2024

On file with the IRS12603 Louetta Rd Ste 101, 77429-0001 · Cypress, TXTax-exempt since Jun 2023

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To provide services to the Community at large much like a quasi governmental unit for the health safety and welfare

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
81¢ 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)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
2 of 2
filings with a surplus
Average surplus $277K a year · 37% 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
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 19.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$264K
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
+134% vs prior year
Spent
$606K
To programs
81%
Net assets
$733K
By yearFY2022–FY2024
Revenue
$1.0M
FY2024▲ +134%
Tap a bar for its year
Revenue by fiscal year
FY2022$88K
FY2023$444K
FY2024$1.0M
Expenses
$606K
FY2024▲ +88%
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023$322K
FY2024$606K
Net assets
$733K
FY2024▲ +142%
Tap a bar for its year
Net assets by fiscal year
FY2022$50K
FY2023$303K
FY2024$733K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2023.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $488K Management & general 19% · $118K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Joi Green
President
$0Pt VII · Sec A
Kenneth McManis
Vice President
$0Pt VII · Sec A
Zainab Tariq
Secretary
$0Pt VII · Sec A
See Sterling Point Community Association 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

Offers community services for health, safety, and welfare, like a government agency.

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Provided by the organization

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1 program · $488K · in their own filed words · FY2024
01

The Association provides services to the community at large to provide for the health, safety and welfare.

$488Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$805K
Other incomeLn 4–11$228K
Investment incomeLn 3$5K
Money outPt IX
$606K
Ln 25
Programscol B$488K
Managementcol C$118K
Owns and owesPt X
$733K
net assets · Ln 32
Cash and savingsLn 1–2$996K
Total assetsLn 16$996K
LiabilitiesLn 26$264K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$805K
Investment incomeLn 3$5K
Other incomeLn 4–11$228K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$996K
Cash and savings togetherLn 1–2$996K
Total assetsLn 16$996K
LiabilitiesLn 26$264K
Net assetsLn 32$733K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$408K$996K
Total assetsLn 16$408K$996K
LiabilitiesLn 26$106K$264K
Net assetsLn 32$303K$733K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$33K$33K
Legal feesLn 11b$31K$31K
Accounting feesLn 11c$500$500
Office expensesLn 13$6K$6K
InsuranceLn 23$42K$42K
Other expenses (24a–d)Ln 24$493K$488K$4K
Total functional expensesLn 25$606K$488K$118K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.0M$606K$432K$733K 990 PDF
FY2023 $444K$322K$122K$303K 990 PDF
FY2022 $88K$50K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,038,123 revenue, 12 lines filed
I-8 Contributions and grants$805,320
I-9 Program service revenue$0
I-10 Investment income$5,106
I-11 Other revenue$227,697
I-12 Total revenue$1,038,123
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$606,104
I-18 Total expenses$606,104
I-19 Revenue less expenses$432,019
Part VI · Governance 4 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,038,123 across 6 lines filed
Lines not itemized here account for $13,678 of total revenue; see the IRS return.
VIII-1b Membership dues$805,320
VIII-1h Total contributions, gifts and grants$805,320
VIII-3 Investment incomeRelated to mission $5,106$5,106
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $214,019$214,019
VIII-12 Total revenueRelated to mission $232,803 · Unrelated business $0 · Excluded from tax $0$1,038,123
Part IX · Statement of functional expenses $606,104 across 6 lines filed
IX-11a Management feesManagement $33,308$33,308
IX-11b Legal feesManagement $31,346$31,346
IX-11c Accounting feesManagement $500$500
IX-13 Office expensesManagement $6,298$6,298
IX-23 InsuranceManagement $41,964$41,964
IX-24 Other expenses (24a–d)Programs $488,467 · Management $4,221$492,688
IX-25 Total functional expensesPrograms $488,467 · Management $117,637 · Fundraising $0$606,104
Part X · Balance sheet $996,420 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $408,254$996,420
X-16 Total assetsStart of year $408,254$996,420
X-19 Deferred revenueStart of year $105,701$263,563
X-26 Total liabilitiesStart of year $105,701$263,563
X-32 Total net assets or fund balancesStart of year $302,553$732,857
X-33 Total liabilities and net assetsStart of year $408,254$996,420
Part XI · Reconciliation of net assets $732,857 net assets at year end
XI-1 Total revenue$1,038,123
XI-2 Total expenses$606,104
XI-3 Revenue less expenses$432,019
XI-4 Net assets at start of year$302,553
XI-8 Prior period adjustments−$1,715
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$732,857

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

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