Blue Grit FY2023 filing

Tax-deductible

Cheyenne, WY501(c)(3)EducationEIN 92-1730790Revenue $7.4M in FY2023

On file with the IRS1718 Capitol Ave, 82001-4528 · Cheyenne, WYTax-exempt since Mar 2023Publicly supported charity — 170(b)(1)(A)(vi)

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To support the welding industry by operating a technical school and by offering scholarships and grants to individuals so that they may obtain the needed education to begin a career in welding.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$176K 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

FY2023 · 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 deficit $341K 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
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$176K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $600K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.8M
56% of total assets
Fine: liabilities are 56% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.4M
Spent
$4.5M
To programs
77%
Net assets
$3.0M
By yearFY2023–FY2024
Revenue
$7.4M
FY2023
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Revenue by fiscal year
FY2023$7.4M
FY2024$2.5M
Expenses
$4.5M
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$4.5M
FY2024$6.1M
Net assets
$3.0M
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$3.0M
FY2024−$682K

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

Form 990 (PDF) Claim
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 Mar 2023.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $3.5M Management & general 21% · $926K Fundraising 2% · $82K

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

3 people listed on the 990; $176K paid to officers and key staff.

Part VII, Section A · reportable compensation
President, VP, Director
$66,650Pt VII · Sec A
Secretary, Director
$58,121Pt VII · Sec A
Treasurer, Director
$51,634Pt VII · Sec A

Tyler Sasse’s $91K as President, VP, Director is at the 25th percentile of top reported officer pay among 3395 $1–10M education 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
Tyler Sasse$90,769$66,650
Nathan Ponder$75,468$58,121
Dirk Anderson$58,794$51,634

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
  • Loans to or from officersSch L · Pt II3 listed

Programs and updates

Trains welders and funds their education through scholarships and grants.

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Provided by the organization

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1 program · $3.5M · in their own filed words · FY2023
01

Operation of a technical school to train individuals who want to begin a career in welding. This includes the provision of student housing while they attend school. Support the welding industry by offerings scholarships and grants to individuals so that they may obtain the needed education to begin a career in welding.

$3.5Mprogram 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 · FY2023
Total grants receivedfrom 2 funders$600K
Grants paid · 1 grant · $157K · 2024–2024
Unitemized GrantFY2024$156,995

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$7.4M
Ln 12
Fees for servicesLn 2g$6.7M
Gifts and grantsLn 1h$721K
Money outPt IX
$4.5M
Ln 25
Programscol B$3.5M
Managementcol C$926K
Fundraisingcol D$82K
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$299K
Total assetsLn 16$6.8M
LiabilitiesLn 26$3.8M
PeoplePt VI, VII
3
listed · VII A
PaidVII A3
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$721K
Fees for servicesLn 2g$6.7M
Total revenueLn 12$7.4M
Assets in detailPt X, end of year
CashLn 1$299K
Cash and savings togetherLn 1–2$299K
Other assetsLn 15$27K
Total assetsLn 16$6.8M
LiabilitiesLn 26$3.8M
Net assetsLn 32$3.0M
OperationsPt I, VI
EmployeesI 566
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$0$299K
Total assetsLn 16$0$6.8M
LiabilitiesLn 26$0$3.8M
Net assetsLn 32$0$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$204K$72K$124K$8K
Other salaries and wagesLn 7$1.2M$1.1M$120K$24K
Other employee benefitsLn 9$171K$150K$17K$3K
Payroll taxesLn 10$112K$90K$20K$3K
Management feesLn 11a$35K$35K
Legal feesLn 11b$1K$1K
Advertising and promotionLn 12$143K$133K$10K
Office expensesLn 13$263K$263K
Information technologyLn 14$10K$10K
OccupancyLn 16$1.5M$1.2M$260K$34K
TravelLn 17$153K$76K$76K
Conferences, conventions and meetingsLn 19$11K$11K
InsuranceLn 23$53K$53K
Other expenses (24a–d)Ln 24$612K$612K
Total functional expensesLn 25$4.5M$3.5M$926K$82K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.5M$6.1M−$3.7M−$682K 990 PDF
FY2023 Viewing $7.4M$4.5M$3.0M$3.0M 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 $7,432,954 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$720,943
I-9 Program service revenuePrior year $0$6,712,011
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $0$7,432,954
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$1,686,212
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$2,773,774
I-18 Total expensesPrior year $0$4,459,986
I-19 Revenue less expensesPrior year $0$2,972,968
Part VI · Governance 0 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
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 $7,432,954 across 4 lines filed
VIII-1f All other contributions, gifts and grants$720,943
VIII-1h Total contributions, gifts and grants$720,943
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,712,011$6,712,011
VIII-12 Total revenueRelated to mission $6,712,011 · Unrelated business $0 · Excluded from tax $0$7,432,954
Part IX · Statement of functional expenses $4,459,986 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $72,172 · Management $124,109 · Fundraising $7,914$204,195
IX-7 Other salaries and wagesPrograms $1,054,958 · Management $119,882 · Fundraising $23,976$1,198,816
IX-9 Other employee benefitsPrograms $150,362 · Management $17,086 · Fundraising $3,417$170,865
IX-10 Payroll taxesPrograms $90,247 · Management $19,536 · Fundraising $2,553$112,336
IX-11a Management feesManagement $35,220$35,220
IX-11b Legal feesManagement $1,175$1,175
IX-12 Advertising and promotionPrograms $132,935 · Fundraising $10,000$142,935
IX-13 Office expensesManagement $262,968$262,968
IX-14 Information technologyManagement $9,728$9,728
IX-16 OccupancyPrograms $1,198,981 · Management $259,544 · Fundraising $33,923$1,492,448
IX-17 TravelPrograms $76,463 · Management $76,464$152,927
IX-19 Conferences, conventions and meetingsPrograms $11,224$11,224
IX-23 InsurancePrograms $52,914$52,914
IX-24 Other expenses (24a–d)Programs $612,235$612,235
IX-25 Total functional expensesPrograms $3,452,491 · Management $925,712 · Fundraising $81,783$4,459,986
Part X · Balance sheet $6,773,573 assets, 10 lines filed
Asset lines not itemized here account for $3,056,668; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $0$298,736
X-4 Accounts receivable$3,391,333
X-15 Other assetsStart of year $0$26,836
X-16 Total assetsStart of year $0$6,773,573
X-17 Accounts payable and accrued expenses$96,276
X-19 Deferred revenue$3,092,710
X-25 Other liabilitiesStart of year $0$59,000
X-26 Total liabilitiesStart of year $0$3,800,605
X-32 Total net assets or fund balancesStart of year $0$2,972,968
X-33 Total liabilities and net assetsStart of year $0$6,773,573
Part XI · Reconciliation of net assets $2,972,968 net assets at year end
XI-1 Total revenue$7,432,954
XI-2 Total expenses$4,459,986
XI-3 Revenue less expenses$2,972,968
XI-4 Net assets at start of year$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,972,968

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

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