Held Gso INC FY2024 filing

Tax-deductible

Greensboro, NC501(c)(3)Since 2023Human ServicesEIN 92-1490505Revenue $302K in FY2024

On file with the IRSheldgso.org1000 W Friendly Ave, 27401-1808 · Greensboro, NCTax-exempt since Mar 2023Publicly supported charity — 170(b)(1)(A)(vi)

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Held Gso partners with community based social service organizations and municipalities to design, implement, evaluate, and fund guaranteed income for the people that they serve.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$75K 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $57K a year · 12% 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
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $113K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$302K
+86% vs prior year
Spent
$282K
To programs
76%
Net assets
$48K
By yearFY2023–FY2025
Revenue
$302K
FY2024▲ +86%
Tap a bar for its year
Revenue by fiscal year
FY2023$163K
FY2024$302K
FY2025$630K
Expenses
$282K
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2023Not on file
FY2024$282K
FY2025$536K
Net assets
$48K
FY2024▲ +69%
Tap a bar for its year
Net assets by fiscal year
FY2023$29K
FY2024$48K
FY2025$142K

From the FY2024 Form 990 · see the original

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

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2023.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $215K Management & general 24% · $67K

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

8 people listed on the 990; $75K paid to officers and key staff.

Part VII, Section A · reportable compensation
$75,423Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

John Charles Thornton JR’s $78K as Executive Di is at the 69th percentile of top reported officer pay among 2168 $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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023
John Charles Thornton JR$77,700——
John Charles Thorton JR—$75,423$73,715

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 Held Gso INC 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 15aYes

Programs and updates

Provides guaranteed income programs through partnerships with local service groups and governments.

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Provided by the organization

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1 program · $215K · in their own filed words · FY2024
01

We provide financial assistance to households in need in order to supply them on their journey to financial security. We do this by partnering with other social service organizations in our community to ensure that the people we support are surrounded by people that care for them and that can further support them with services and…

$215Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$113K
See all 3 funders →
Grants paid · 1 grant · $343K · 2025–2025
Unitemized GrantFY2025$342,991

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$302K
Ln 12
Gifts and grantsLn 1h$232K
Fees for servicesLn 2g$69K
Other incomeLn 4–11$500
Money outPt IX
$282K
Ln 25
Programscol B$215K
Managementcol C$67K
Owns and owesPt X
$48K
net assets · Ln 32
Cash and savingsLn 1–2$37K
Total assetsLn 16$48K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$232K
Fees for servicesLn 2g$69K
Other incomeLn 4–11$500
Total revenueLn 12$302K
Assets in detailPt X, end of year
CashLn 1$37K
Cash and savings togetherLn 1–2$37K
Total assetsLn 16$48K
LiabilitiesLn 26$0
Net assetsLn 32$48K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$29K$37K
Total assetsLn 16$29K$48K
LiabilitiesLn 26$0$0
Net assetsLn 32$29K$48K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$109K$55K$55K
Other employee benefitsLn 9$7K$3K$4K
Payroll taxesLn 10$9K$5K$5K
Accounting feesLn 11c$7K$3K$3K
Other fees for servicesLn 11g$144K$144K$172
Office expensesLn 13$166$166
Conferences, conventions and meetingsLn 19$5K$5K
InsuranceLn 23$952$952
Total functional expensesLn 25$282K$215K$67K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $630K$536K$94K$142K 990 PDF
FY2024 Viewing $302K$282K$20K$48K 990 PDF
FY2023 $163K$29K 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 FY2024 990 (6 parts)
Part I · Summary $301,773 revenue, 12 lines filed
I-8 Contributions and grants$232,203
I-9 Program service revenue$69,070
I-10 Investment income$0
I-11 Other revenue$500
I-12 Total revenue$301,773
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$125,355
I-16a Professional fundraising fees$0
I-17 Other expenses$156,634
I-18 Total expenses$281,989
I-19 Revenue less expenses$19,784
Part VI · Governance 7 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $301,773 across 5 lines filed
VIII-1f All other contributions, gifts and grants$232,203
VIII-1h Total contributions, gifts and grants$232,203
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $69,070$69,070
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $500$500
VIII-12 Total revenueRelated to mission $69,570$301,773
Part IX · Statement of functional expenses $281,989 across 8 lines filed
IX-7 Other salaries and wagesPrograms $54,666 · Management $54,667$109,333
IX-9 Other employee benefitsPrograms $3,422 · Management $3,536$6,958
IX-10 Payroll taxesPrograms $4,532 · Management $4,532$9,064
IX-11c Accounting feesPrograms $3,349 · Management $3,351$6,700
IX-11g Other fees for servicesPrograms $143,975 · Management $172$144,147
IX-13 Office expensesManagement $166$166
IX-19 Conferences, conventions and meetingsPrograms $4,669$4,669
IX-23 InsuranceManagement $952$952
IX-25 Total functional expensesPrograms $214,613 · Management $67,376 · Fundraising $0$281,989
Part X · Balance sheet $48,458 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $28,674$37,065
X-9 Prepaid expenses and deferred charges$11,393
X-16 Total assetsStart of year $28,674$48,458
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $28,674$48,458
X-32 Total net assets or fund balancesStart of year $28,674$48,458
X-33 Total liabilities and net assetsStart of year $28,674$48,458
Part XI · Reconciliation of net assets $48,458 net assets at year end
XI-1 Total revenue$301,773
XI-2 Total expenses$281,989
XI-3 Revenue less expenses$19,784
XI-4 Net assets at start of year$28,674
XI-10 Net assets at end of year$48,458

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

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