Avenue Shared Services EIN 88-3403577 Form 990 (PDF) Claim this org

Avenue Shared Services FY2024 filing

Not yet claimed Claim this org →

Ensures consistent community services across Avenue Scholars programs. For fiscal year 2024 it reported $463K in revenue, $413K in expenses, and $107K in net assets.Pt I

Founded
2022
Type
Supporting organization · Human Services
Location
Omaha, NE
Filings
2 on file (2023–2024)
Revenue
$463KFY2024
Expenses
$413K
Net assets
$107K
People
5
Filings
2
Updates
0
More identity details & actions ⌄
EIN  88-3403577 Supporting organization Omaha, NE Founded 2022
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Avenue Shared Services claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Ensures consistent community services across Avenue Scholars programs.
Leadership
Michael Alvano · VP/CFO/Treasurer · $251K
Money in and out
$463K revenue, $413K expenses
Bottom line
+11% net inflow
Money in and out · FY2024
Total revenue
$463K
Pt VIII · Ln 12
Total expenses
$413K
Pt IX · Ln 25
Net assets
$107K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $50K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Net inflow
+11%
revenue over expenses, this year
Pass-through gifts
100%
of revenue from contributions
Program spending
86%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$463K
FY2024▲ +2%
Expenses
$413K
FY2024▲ +5%
Total assets
$107K
FY2024▲ +86%
Total liabilities
$0
FY2024
Total revenue
$463K
Pt VIII · Ln 12
Total expenses
$413K
Pt IX · Ln 25
Net assets
$107K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$50K
Total assetsPt X · Ln 16$107K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAvenue Shared Services
EINHdr · item D88-3403577
Principal addressHdr · item COmaha, NE
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2022
State of legal domicileHdr · item MNE
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFNov 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
VP/CFO/Treasurer
$250,776Pt VII · Sec A
President/CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Michael Alvano’s $250K as VP/CFO/Treasurer is at the 100th percentile of top reported officer pay among 2165 $100K–1M human services 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 · 1 named individual · Part VII

NameFY2024FY2024FY2023
Michael Alvano$249,665$250,776$75,193

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.

See Avenue Shared Services executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

1 program service account for $355K of program spending, described in the organization's own filed words · FY2023.
01

Avenue shared services contracts with third parties to provide the services to the avenue scholars organizations and other charitable organizations. The board dedicates a majority of its time to coordinating such services to ensure value and consistency are being provided to the avenue scholars organizations.

$355Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants100%$462K
Other revenue$635
Total revenueLn 12$463K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$355K
Management & general14%$58K
Total functional expensesLn 25$413K

Balance Sheet

Part X · end of year
CashLn 1$107K
Total assetsLn 16$107K
Total liabilitiesLn 26$0
Total net assetsLn 32$107K
Months of cash on handcomputed3.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $107K · Operating expenses/yr $413K
3.1 months
Where the money goes
Program services
Program services $355K · Total expenses $413K
86%
Management & General
Management & general $58K · Total expenses $413K
14%
Fundraising
Fundraising $0 · Total expenses $413K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $457K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $462K · Total revenue $463K
100%
Government reliance
Government grants — · Total revenue $463K
Earned-income share
Program service revenue $0 · Total revenue $463K
0%
Investment reliance
Investment income $0 · Total revenue $463K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $413K
0%
Growth & trend
Revenue growth (YoY)
This year $463K · Prior year $453K
+2%
Net-asset trend (YoY)
End of year $107K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $463K · Expenses $413K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $107K
Net-asset ratio
Net assets $107K · Total assets $107K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $107K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Michael Alvano · Reported title VP/CFO/TREASURER · Highest reported compensation $251K · Total expenses $413K
61%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $405K · Total expenses $413K
98%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Fundraising cost ratio 0%
Revenue growth 2%

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.

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$463K revenue · viewing · ⤓ 990 PDF
FY2023$453K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

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

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.