Operation Conquest INC EIN 94-2683371 Form 990 (PDF) Claim this org

Operation Conquest INC FY2023 filing

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Provides affordable housing for adults with mental disabilities. For fiscal year 2023 it reported $222K in revenue, $184K in expenses, and $319K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Sandy, UT
Filings
5 on file (2020–2023)
Revenue
$222KFY2023
Expenses
$184K
Net assets
$319K
People
2
Filings
5
Updates
0
More identity details & actions ⌄
EIN  94-2683371 Public charity (501(c)(3)) Sandy, UT
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Provides affordable housing for adults with mental disabilities.
Leadership
James Whipple · President
Money in and out
$222K revenue, $184K expenses
Bottom line
69% program efficiency
Where the money goes · FY2023
Total revenue
$222K
Pt VIII · Ln 12
Total expenses
$184K
Pt IX · Ln 25
Net assets
$319K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $38K
Where spending went · Part IX cols B–D
Program services $0.69 Management & general $0.31
Program efficiency
69%
of spending reaches programs
Operating runway
12.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+17%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$222K
FY2023▲ +2%
Expenses
$184K
FY2023+0.1%
Total assets
$367K
FY2023▼ -6%
Total liabilities
$47K
FY2023▼ -57%
Total revenue
$222K
Pt VIII · Ln 12
Total expenses
$184K
Pt IX · Ln 25
Net assets
$319K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$38K
Total assetsPt X · Ln 16$367K
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COperation Conquest INC
EINHdr · item D94-2683371
Principal addressHdr · item CSandy, UT
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MUT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P73Z)
Ruling yearIRS BMFOct 1980

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Sec/Treasurer
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $126K of program spending, described in the organization's own filed words · FY2023.
01

Low income housing for mentally disadvantaged adults. Approximately 15 individuals benefited during the year.

$126Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$222K
Investment income$15
Total revenueLn 12$222K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.31
Program services69%$126K
Management & general31%$57K
Total functional expensesLn 25$184K

Balance Sheet

Part X · end of year
CashLn 1$193K
Total assetsLn 16$367K
Total liabilitiesLn 26$47K
Total net assetsLn 32$319K
Months of cash on handcomputed12.6

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $193K · Operating expenses/yr $184K
12.6 months
Where the money goes
Program services
Program services $126K · Total expenses $184K
69%
Management & General
Management & general $57K · Total expenses $184K
31%
Fundraising
Fundraising $0 · Total expenses $184K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $222K
0%
Government reliance
Government grants — · Total revenue $222K
Earned-income share
Program service revenue $222K · Total revenue $222K
100%
Investment reliance
Investment income $15 · Total revenue $222K
<0.01%
Program self-sufficiency
Program service revenue $222K · Total expenses $184K
121%
Growth & trend
Revenue growth (YoY)
This year $222K · Prior year $217K
+2%
Net-asset trend (YoY)
End of year $319K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $222K · Expenses $184K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $367K
Net-asset ratio
Net assets $319K · Total assets $367K
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $367K
0%
People & payroll
Highest Reported Total Compensation
Individual James Whipple · Reported title President · Highest reported compensation $0 · Total expenses $184K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $184K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 69%
Overhead ratio 31%
Revenue growth 2%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 6%
Fundraising fee ratio 0%

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.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$234K revenue · ⤓ 990 PDF
FY2023$222K revenue · viewing · ⤓ 990 PDF
FY2022$217K revenue · ⤓ 990 PDF
FY2021$216K revenue · ⤓ 990 PDF
FY2020$205K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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