Triple V FY2024 filing

San Diego, CA · Public charity (501(c)(3)) · Since 2022 · Education

✓ Tax-deductible
Revenue
$1.1M
+86% vs prior year
Spent
$1.3M
To programs
83%
Net assets
$177K
By yearFY2022–FY2025
Revenue
$1.1M
FY2024▲ +86%
Revenue by fiscal year
FY2022$520K
FY2023$600K
FY2024$1.1M
FY2025$1.3M
Expenses
$1.3M
FY2024▲ +84%
Expenses by fiscal year
FY2022$49K
FY2023$710K
FY2024$1.3M
FY2025$1.5M
Net assets
$177K
FY2024▼ -51%
Net assets by fiscal year
FY2022$471K
FY2023$361K
FY2024$177K
FY2025−$36K

From the FY2024 Form 990 · see the original

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

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?
Yes — filed FY2025
Legal name (IRS)Hdr · item CTriple V
EINHdr · item D88-4134795
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFNov 2023
Year of formationHdr · item L2022
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CSan Diego, CA
NTEE classificationIRS BMFEducation (B82)
WebsiteHdr · item Jwww.triple3v.org

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 $0.83 Management & general $0.17
Program services83%$1.1M
Management & general17%$228K
Total functional expensesLn 25$1.3M

Financial health

Is it on solid ground?

Program efficiency
83%
of spending reaches programs
Operating runway
1.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
-16%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$215K
FY2024▼ -43%
Total assets by fiscal year
FY2022$472K
FY2023$376K
FY2024$215K
FY2025$39K
Total liabilities
$39K
FY2024▲ +161%
Total liabilities by fiscal year
FY2022$1K
FY2023$15K
FY2024$39K
FY2025$75K
Revenue less expensesPt I · Ln 19−$185K
Total assetsPt X · Ln 16$215K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$188K
Total assetsLn 16$215K
Total liabilitiesLn 26$39K
Total net assetsLn 32$177K
Months of cash on handcomputed1.7

Statement of Revenue

Part VIII
Contributions & grants100%$1.1M
Investment income$15
Total revenueLn 12$1.1M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $188K · Operating expenses/yr $1.3M
1.7 months
Where the money goes
Program services
Program services $1.1M · Total expenses $1.3M
83%
Management & General
Management & general $228K · Total expenses $1.3M
17%
Fundraising
Fundraising $0 · Total expenses $1.3M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $747K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.1M · Total revenue $1.1M
100%
Government reliance
Government grants — · Total revenue $1.1M
—
Earned-income share
Program service revenue $0 · Total revenue $1.1M
0%
Investment reliance
Investment income $15 · Total revenue $1.1M
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.3M
0%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year $600K
+86%
Net-asset trend (YoY)
End of year $177K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $1.3M
-16%
Liabilities-to-Assets
Total liabilities — · Total assets $215K
—
Net-asset ratio
Net assets $177K · Total assets $215K
82%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $215K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Manyi Zhang · Reported title CEO · Highest reported compensation $0 · Total expenses $1.3M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $586K · Total expenses $1.3M
45%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%——
Overhead ratio 17%——
Fundraising cost ratio 0%——
Revenue growth 86%——
Legal fee ratio 3%——
Accounting fee ratio 4%——

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
$0Pt VII · Sec A
See Triple V executive salaries →

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Governance & Policies

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

Mission and programs

What it does.

Helps students with financial, social, and educational programs for higher education.

Provided by the organization

This section is blank until Triple V claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $1.1M of program spending, described in the organization's own filed words · FY2024.
01

Triple v is a non-profit organization aims to identify outstanding youth and provide them with the platform to inspire others with their stories and backgrounds

$1.1Mprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $1.3M$1.5M+13% 990 PDF
FY2024 Viewing $1.1M$1.3M+86% 990 PDF
FY2023 $600K$710K+15% 990 PDF
FY2022 $520K$49K 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

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
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