Ioas INC FY2023 filing

Not tax-deductible

Hagerstown, MD501(c)(6)EIN 91-1770988Revenue $2.2M in FY2023

On file with the IRSioas.org706 Summit Ave, 21740-6359 · Hagerstown, MDTax-exempt since Jul 1998

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Ioas, INC provides evaluation and accreditation services for companies and organizations that certify organic and sustainable producers and processors.

$4K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
3 of 5
filings with a surplus
Average deficit $52K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$4K
to officers and key staff · 0.2% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$114K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 8 voting members
Concern: none of 8 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
+39% vs prior year
Spent
$2.1M
Net assets
$911K
By yearFY2020–FY2024
Revenue
$2.2M
FY2023▲ +39%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$1.4M
FY2022$1.6M
FY2023$2.2M
FY2024$1.8M
Expenses
$2.1M
FY2023▲ +35%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.6M
FY2023$2.1M
FY2024$2.1M
Net assets
$911K
FY2023▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$806K
FY2021$839K
FY2022$835K
FY2023$911K
FY2024$655K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 ruling in Jul 1998.

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

Who runs it and what they're paid

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

Part VII, Section A · reportable compensation
Treasurer
$4,000Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Michael Sligh$2,550—$2,750$1,000$14,188
Peggy Miars—$4,000$3,000$1,000—
Vitoon Ruenglertpanyakul——$2,850$2,000$2,000
Francis Blake——$2,500$1,000$1,000
Monica Gutierrez Alcantara——$1,507——
Kathryn Lockyer——$1,500$1,000$1,000
Sarah Compson——$1,000——
Rikke Lundsgaard———$1,000$1,000

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Certifies companies that verify organic and sustainable producers and processors.

Provided by the organization

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1 program · in their own filed words · FY2023
01

Ioas, inc. Is a tax-exempt organization incorporated in north dakota. The organization was established for the purpose of providing evaluation and accreditation services for companies and organizations that ceritfy organic and sustainable producers and processers. The organization is supported primarily through fees charged for services.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $263K · 2020–2024
Alliance of Organic IntegrityFY2024$48,750
Alliance of Organic IntegrityFY2023$30,000
Alliance of Organic IntegrityFY2022$50,000
Alliance of Organic IntegrityFY2021$50,000
Alliance of Organic IntegrityFY2020$70,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Fees for servicesLn 2g$2.2M
Investment incomeLn 3$13K
Other incomeLn 4–11$2K
Money outPt IX
$2.1M
Ln 25
Owns and owesPt X
$911K
net assets · Ln 32
Cash and savingsLn 1–2$583K
Total assetsLn 16$1.0M
LiabilitiesLn 26$114K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.2M
Investment incomeLn 3$13K
Other incomeLn 4–11$2K
Gains on assetsLn 7$2K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$469K
SavingsLn 2$115K
Cash and savings togetherLn 1–2$583K
InvestmentsLn 11–13$130K
Land, buildings, equipmentLn 10c$88K
Total assetsLn 16$1.0M
LiabilitiesLn 26$114K
Net assetsLn 32$911K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$412K$583K
InvestmentsLn 11–13$117K$130K
Land, buildings, equipmentLn 10c$84K$88K
Total assetsLn 16$966K$1.0M
LiabilitiesLn 26$131K$114K
Net assetsLn 32$835K$911K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$44K
Pay of current officers, directors and key staffLn 5$122K
Other salaries and wagesLn 7$79K
Payroll taxesLn 10$8K
Accounting feesLn 11c$78K
Other fees for servicesLn 11g$1.5M
Advertising and promotionLn 12$35K
Office expensesLn 13$26K
Information technologyLn 14$2K
OccupancyLn 16$49K
TravelLn 17$86K
Depreciation, depletion and amortizationLn 22$26K
InsuranceLn 23$16K
Other expenses (24a–d)Ln 24$78K
Total functional expensesLn 25$2.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.8M$2.1M−$260K$655K 990 PDF
FY2023 Viewing $2.2M$2.1M$68K$911K 990 PDF
FY2022 $1.6M$1.6M$4K$835K 990 PDF
FY2021 $1.4M$1.3M$33K$839K 990 PDF
FY2020 $1.1M$1.2M−$103K$806K 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
See the full FY2023 990 (6 parts)
Part I · Summary $2,188,341 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,568,330$2,172,726
I-10 Investment incomePrior year $5,884$13,182
I-11 Other revenuePrior year $2,259$2,433
I-12 Total revenuePrior year $1,576,473$2,188,341
I-13 Grants and similar amounts paidPrior year $50,000$44,369
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $76,475$209,064
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,446,475$1,866,627
I-18 Total expensesPrior year $1,572,950$2,120,060
I-19 Revenue less expensesPrior year $3,523$68,281
Part VI · Governance 0 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,188,341 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,172,726$2,172,726
VIII-3 Investment incomeExcluded from tax $11,160$11,160
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,022$2,022
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,433$2,433
VIII-12 Total revenueRelated to mission $2,175,159 · Unrelated business $0 · Excluded from tax $13,182$2,188,341
Part IX · Statement of functional expenses $2,120,060 across 14 lines filed
IX-1 Grants to domestic organizations$44,369
IX-5 Pay of current officers, directors and key staff$122,200
IX-7 Other salaries and wages$78,648
IX-10 Payroll taxes$8,216
IX-11c Accounting fees$77,730
IX-11g Other fees for services$1,469,879
IX-12 Advertising and promotion$34,991
IX-13 Office expenses$26,116
IX-14 Information technology$2,192
IX-16 Occupancy$48,990
IX-17 Travel$86,431
IX-22 Depreciation, depletion and amortization$25,992
IX-23 Insurance$16,432
IX-24 Other expenses (24a–d)$77,874
IX-25 Total functional expenses$2,120,060
Part X · Balance sheet $1,025,082 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $302,339$468,725
X-2 Savings and temporary cash investmentsStart of year $109,839$114,716
X-4 Accounts receivableStart of year $314,364$171,707
X-9 Prepaid expenses and deferred chargesStart of year $38,419$51,613
X-10c Land, buildings and equipment, netStart of year $84,354$88,157
X-11 Publicly traded securitiesStart of year $116,697$130,164
X-16 Total assetsStart of year $966,012$1,025,082
X-17 Accounts payable and accrued expensesStart of year $31,424$75,883
X-19 Deferred revenueStart of year $44,300$19,412
X-25 Other liabilitiesStart of year $4,847$18,401
X-26 Total liabilitiesStart of year $130,571$113,696
X-27 Net assets without donor restrictionsStart of year $835,441$911,386
X-32 Total net assets or fund balancesStart of year $835,441$911,386
X-33 Total liabilities and net assetsStart of year $966,012$1,025,082
Part XI · Reconciliation of net assets $911,386 net assets at year end
XI-1 Total revenue$2,188,341
XI-2 Total expenses$2,120,060
XI-3 Revenue less expenses$68,281
XI-4 Net assets at start of year$835,441
XI-5 Net unrealized gains (losses) on investments$7,664
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$911,386

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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