Talisman INC

Tax-deductible

Zirconia, NC501(c)(3)Recreation & SportsEIN 88-1543009

Talisman offers young people with learning differences exceptional opportunities to increase self-confidence, independence, motivation and social competence in a safe and nuturing environment.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$68K 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

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
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
1 of 2
filings with a surplus
Average surplus $79K a year · 7% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$68K
to officers and key staff · 6% of spending
Top officer’s pay lower than 89% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $400
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$362K
76% of total assets
Worth a look: liabilities are 76% of assets; over 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+27% vs prior year
Spent
$1.1M
To programs
91%
Net assets
$112K
By yearFY2022–FY2024
Revenue
$1.3M
FY2024▲ +27%
Revenue by fiscal year
FY2022$107K
FY2023$1.0M
FY2024$1.3M
Expenses
$1.1M
FY2024▲ +5%
Expenses by fiscal year
FY2022Not on file
FY2023$1.0M
FY2024$1.1M
Net assets
$112K
FY2024▲ +46%
Net assets by fiscal year
FY2022$104K
FY2023$77K
FY2024$112K

From the FY2024 Form 990 · see the original

Give Claim

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CTalisman INC
EINHdr · item D88-1543009
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFOct 2022
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CZirconia, NC
NTEE classificationIRS BMFRecreation & Sports (N20)
WebsiteHdr · item Jtalismancamps.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.08 Fundraising $0.01
Program services91%$982K
Management & general8%$88K
Fundraising1%$14K
Total functional expensesLn 25$1.1M

Finances

Money in and out, what it owns and owes

Program efficiency
91%
of spending reaches programs▼ -0.6% vs prior filing year
Months of spending covered by cash
3.7mo
months of highly liquid reserves at operating expense rate▼ -29% vs prior filing year
Surplus margin
+15%
revenue over expenses, this year▲ +638% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$474K
FY2024▼ -16%
Total assets by fiscal year
FY2022Not on file
FY2023$567K
FY2024$474K
Total liabilities
$362K
FY2024▼ -26%
Total liabilities by fiscal year
FY2022Not on file
FY2023$490K
FY2024$362K
Revenue less expensesPt I · Ln 19$186K
Total assetsPt X · Ln 16$474K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Balance Sheet

Part X · end of year
CashLn 1$330K
Total assetsLn 16$474K
Total liabilitiesLn 26$362K
Total net assetsLn 32$112K
Months of cash on handcomputed3.7

Statement of Revenue

Part VIII
Program service revenue$1.2M · 94%
Contributions & grants$69K · 5%
Other revenue$10K · 1%
Program service revenue94%$1.2M
Contributions & grants5%$69K
Other revenue1%$10K
Total revenueLn 12$1.3M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Months of spending covered by cash
Highly liquid reserves $330K · Operating expenses/yr $1.1M
3.7 months
Where the money goes
Program services
Program services $982K · Total expenses $1.1M
91%
Management & General
Management & general $88K · Total expenses $1.1M
8%
Fundraising
Fundraising $14K · Total expenses $1.1M
1%
Cost to raise $1
Fundraising expense (2-yr avg) $13K · Solicited contributions (2-yr avg) $149K
$0.09 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $69K · Total revenue $1.3M
5%
Government reliance
Government grants — · Total revenue $1.3M
—
Earned-income share
Program service revenue $1.2M · Total revenue $1.3M
94%
Investment reliance
Investment income $0 · Total revenue $1.3M
0%
Program self-sufficiency
Program service revenue $1.2M · Total expenses $1.1M
110%
Growth & trend
Revenue growth (YoY)
This year $1.3M · Prior year $1.0M
+27%
Net-asset trend (YoY)
End of year $112K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.3M · Expenses $1.1M
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $474K
—
Net-asset ratio
Net assets $112K · Total assets $474K
24%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $474K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Margaret Kelso · Reported title Executive Director · Highest reported compensation $54K · Total expenses $1.1M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $565K · Total expenses $1.1M
52%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 91%——
Overhead ratio 8%——
Fundraising cost ratio 21%——
Revenue growth 27%——
Accounting fee ratio 0.5%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$53,708Pt VII · Sec A
Departing Ed / Board Member
$13,800Pt VII · Sec A
$0Pt VII · Sec A
Vice-Chair / Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Margaret Kelso’s $54K as Executive Director is at the 11th percentile of top reported officer pay among 1842 $1–10M recreation & sports 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 · 3 named individuals · Part VII

NameFY2024FY2023
Margaret Kelso$53,708—
Linda Tatsapauch—$45,966
Linda Tatspaugh$13,800—

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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Governance & Policies

Part VI
  • 7Voting board membersPt VI · Ln 1a
  • 7Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Helps young people with learning differences build confidence, independence, and social skills in a supportive setting.

Provided by the organization

This section is blank until Talisman INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $982K of program spending, described in the organization's own filed words · FY2024.
01

We transitioned a new Camp Director and Executive Director into their roles and had a successful summer with a lot of exceptional community connections. The Executive Director was asked to speak at several conferences on neurodivergent programming. .

$982Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$400

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $1.3M$1.1M+27% 990 PDF
FY2023 $1.0M$1.0M+838% 990 PDF
FY2022 $107K— 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

Full filing: Form 990 for FY2024

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $1,269,560 across 5 lines filed
Lines not itemized here account for $1,061 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$68,670
VIII-1h Total contributions, gifts and grants$68,670
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$1,191,049
VIII-6 Net rental income or lossExcluded from tax $8,780$8,780
VIII-12 Total revenueRelated to mission $1,191,049 · Unrelated business $0 · Excluded from tax $9,841$1,269,560
Part IX · Statement of functional expenses $1,084,028 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $62,377 · Management $5,545 · Fundraising $1,386$69,308
IX-7 Other salaries and wagesPrograms $393,144 · Management $34,946 · Fundraising $8,737$436,827
IX-9 Other employee benefitsPrograms $14,991 · Management $1,333 · Fundraising $333$16,657
IX-10 Payroll taxesPrograms $37,748 · Management $3,355 · Fundraising $839$41,942
IX-11c Accounting feesPrograms $0 · Management $5,938 · Fundraising $0$5,938
IX-11g Other fees for servicesPrograms $5,929 · Management $1,914 · Fundraising $0$7,843
IX-12 Advertising and promotionPrograms $21,936 · Management $5,701 · Fundraising $0$27,637
IX-13 Office expensesPrograms $41,470 · Management $2,415 · Fundraising $0$43,885
IX-14 Information technologyPrograms $32,270 · Management $388 · Fundraising $2,785$35,443
IX-16 OccupancyPrograms $158,013 · Management $5,490 · Fundraising $0$163,503
IX-17 TravelPrograms $14,893 · Management $4,025 · Fundraising $0$18,918
IX-19 Conferences, conventions and meetingsPrograms $7,963 · Management $0 · Fundraising $0$7,963
IX-22 Depreciation, depletion and amortizationPrograms $16,365 · Management $334 · Fundraising $0$16,699
IX-23 InsurancePrograms $35,312 · Management $6,936 · Fundraising $261$42,509
IX-24 Other expenses (24a–d)Programs $123,905 · Management $8,435 · Fundraising $0$132,340
IX-24e All other expensesPrograms $15,249 · Management $1,367 · Fundraising $0$16,616
IX-25 Total functional expensesPrograms $981,565 · Management $88,122 · Fundraising $14,341$1,084,028
Part X · Balance sheet $474,195 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $430,755$330,228
X-4 Accounts receivableStart of year $1,004$6,735
X-10c Land, buildings and equipment, netStart of year $134,989$137,232
X-16 Total assetsStart of year $566,748$474,195
X-17 Accounts payable and accrued expensesStart of year $1,524$923
X-19 Deferred revenueStart of year $488,384$360,900
X-26 Total liabilitiesStart of year $489,908$361,823
X-27 Net assets without donor restrictionsStart of year $76,840$112,372
X-32 Total net assets or fund balancesStart of year $76,840$112,372
X-33 Total liabilities and net assetsStart of year $566,748$474,195
Part XI · Reconciliation of net assets $112,372 net assets at year end
XI-1 Total revenue$1,269,560
XI-2 Total expenses$1,084,028
XI-3 Revenue less expenses$185,532
XI-4 Net assets at start of year$76,840
XI-8 Prior period adjustments−$150,000
XI-10 Net assets at end of year$112,372

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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