Folk-Time INC FY2023 filing

Tax-deductible

Tigard, OR501(c)(3)Since 1996Human ServicesEIN 93-1222522Revenue $1.1M in FY2023

On file with the IRSfolktime.org13333 Sw 68th Pwky, 97223-9196 · Tigard, ORTax-exempt since Sep 1997Publicly supported charity — 170(b)(1)(A)(vi)

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Connecting people who share the experience of living with mental illness through peer support and community based activities.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
4 of 5
filings with a surplus
Average surplus $373K a year · 24% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $53K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$120K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
-17% vs prior year
Spent
$1.1M
To programs
83%
Net assets
$657K
By yearFY2020–FY2024
Revenue
$1.1M
FY2023▼ -17%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$1.6M
FY2022$1.4M
FY2023$1.1M
FY2024$2.3M
FY2024$3.8M
Expenses
$1.1M
FY2023▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.5M
FY2021$1.2M
FY2022$1.2M
FY2023$1.1M
FY2024$963K
FY2024$2.7M
Net assets
$657K
FY2023▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$104K
FY2021$517K
FY2022$599K
FY2023$657K
FY2024$1.9M
FY2024$1.5M

From the FY2023 Form 990 (year ending June 2023) · 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 Sep 1997.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $878K Management & general 15% · $155K Fundraising 3% · $30K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Peter Starkey’s $120K as Executive Director is at the 53rd percentile of top reported officer pay among 3869 $1–10M 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 · 5 named individuals · Part VII

NameFY2024FY2024FY2022FY2021FY2020
Peter Starkey$120,000$80,367———
Angel Prater————$84,975
Michael Hlebechuk——$79,391——
Angel Prater 070120-122820———$49,853—
Michael Hlebechuk 122820-063021———$38,000—

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects people with mental illness through peer support and community activities.

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Provided by the organization

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2 programs · $691K · in their own filed words · FY2022
01

Specialists have created a comfort room for de-escalation and meet one on one with clients who are in severe distress. Peers participate in community visits and conduct outreach efforts for county residents with chronic hospitalizations.

$420Kprogram expense
02

Social Programs Including Ftbm and Oregon City

Socializing with others helps people with mental health diagnoses prevent relapse and have a higher level of life satisfaction. Participants are known as members and make friends, learn new skills, share talents and interests with others, and more. The socialization programs are created by and for members.

$271Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Careoregon INCFY2024$35K
Total grants receivedfrom 2 funders$53K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$1.1M
Other incomeLn 4–11$7K
Investment incomeLn 3$35
Money outPt IX
$1.1M
Ln 25
Programscol B$878K
Managementcol C$155K
Fundraisingcol D$30K
Owns and owesPt X
$657K
net assets · Ln 32
Cash and savingsLn 1–2$414K
Total assetsLn 16$776K
LiabilitiesLn 26$120K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$698K
Investment incomeLn 3$35
Other incomeLn 4–11$7K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$353K
SavingsLn 2$61K
Cash and savings togetherLn 1–2$414K
InvestmentsLn 11–13$153K
Total assetsLn 16$776K
LiabilitiesLn 26$120K
Net assetsLn 32$657K
OperationsPt I, VI
EmployeesI 521
VolunteersI 65
Fiscal year endsHeaderJune
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$406K$414K
InvestmentsLn 11–13$153K$153K
Total assetsLn 16$730K$776K
LiabilitiesLn 26$131K$120K
Net assetsLn 32$599K$657K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$37K$31K$5K$973
Other salaries and wagesLn 7$671K$566K$87K$18K
Other employee benefitsLn 9$74K$63K$10K$2K
Payroll taxesLn 10$82K$69K$11K$2K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$38K$37K$1K
Office expensesLn 13$73K$53K$13K$7K
Information technologyLn 14$8K$3K$5K
OccupancyLn 16$32K$23K$9K
TravelLn 17$20K$20K$562
Conferences, conventions and meetingsLn 19$3K$3K
InsuranceLn 23$9K$5K$5K
Other expenses (24a–d)Ln 24$6K$6K
Total functional expensesLn 25$1.1M$878K$155K$30K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.3M$963K$1.4M$1.9M 990 PDF
FY2023 Viewing $1.1M$1.1M$58K$657K 990 PDF
FY2022 $1.4M$1.2M$107K$599K 990 PDF
FY2021 $1.6M$1.2M$403K$517K 990 PDF
FY2020 $1.4M$1.5M−$65K$104K 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 $1,120,426 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,345,639$1,113,823
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $7,390$35
I-11 Other revenuePrior year $0$6,568
I-12 Total revenuePrior year $1,353,029$1,120,426
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 $997,407$863,675
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $248,292$199,135
I-18 Total expensesPrior year $1,245,699$1,062,810
I-19 Revenue less expensesPrior year $107,330$57,616
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
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 $1,120,426 across 5 lines filed
Lines not itemized here account for $6,568 of total revenue; see the IRS return.
VIII-1e Government grants$698,107
VIII-1f All other contributions, gifts and grants$415,716
VIII-1h Total contributions, gifts and grants$1,113,823
VIII-3 Investment incomeExcluded from tax $35$35
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $6,603$1,120,426
Part IX · Statement of functional expenses $1,062,810 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $31,086 · Management $4,786 · Fundraising $973$36,845
IX-7 Other salaries and wagesPrograms $565,931 · Management $87,123 · Fundraising $17,710$670,764
IX-9 Other employee benefitsPrograms $62,560 · Management $9,631 · Fundraising $1,958$74,149
IX-10 Payroll taxesPrograms $69,114 · Management $10,640 · Fundraising $2,163$81,917
IX-11c Accounting feesManagement $9,769$9,769
IX-11g Other fees for servicesPrograms $36,866 · Management $1,351$38,217
IX-13 Office expensesPrograms $53,024 · Management $12,690 · Fundraising $7,160$72,874
IX-14 Information technologyPrograms $2,900 · Management $5,191$8,091
IX-16 OccupancyPrograms $22,976 · Management $8,880$31,856
IX-17 TravelPrograms $19,759 · Management $562$20,321
IX-19 Conferences, conventions and meetingsPrograms $2,697$2,697
IX-23 InsurancePrograms $4,932 · Management $4,509$9,441
IX-24 Other expenses (24a–d)Programs $5,869$5,869
IX-25 Total functional expensesPrograms $877,714 · Management $155,132 · Fundraising $29,964$1,062,810
Part X · Balance sheet $776,081 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $351,043$352,994
X-2 Savings and temporary cash investmentsStart of year $54,543$60,578
X-4 Accounts receivableStart of year $171,024$209,490
X-11 Publicly traded securitiesStart of year $153,019$153,019
X-16 Total assetsStart of year $729,629$776,081
X-17 Accounts payable and accrued expensesStart of year $74,756$63,592
X-25 Other liabilitiesStart of year $55,928$55,928
X-26 Total liabilitiesStart of year $130,684$119,520
X-27 Net assets without donor restrictionsStart of year $331,836$334,994
X-28 Net assets with donor restrictionsStart of year $267,109$321,567
X-32 Total net assets or fund balancesStart of year $598,945$656,561
X-33 Total liabilities and net assetsStart of year $729,629$776,081
Part XI · Reconciliation of net assets $656,561 net assets at year end
XI-1 Total revenue$1,120,426
XI-2 Total expenses$1,062,810
XI-3 Revenue less expenses$57,616
XI-4 Net assets at start of year$598,945
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$656,561

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

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