Electcrafts Incorporated FY2020 filing

Not tax-deductible

San Francisco, CAMutual-benefit / member-servingCommunity DevelopmentEIN 94-6100643

Hold title and collect rent on non-debt financed property for an affiliated tax-exempt organization.

$3K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
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
5 of 5
filings with a surplus
Average surplus $117K a year · 36% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$3K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
66 mo
of spending, in cash
Looks good: 65.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$28K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 10 voting members
Looks good: 7 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$312K
Spent
$214K
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$312K
FY2020
Revenue by fiscal year
FY2020$312K
FY2021$318K
FY2022$322K
FY2023$339K
FY2024$343K
Expenses
$214K
FY2020
Expenses by fiscal year
FY2020$214K
FY2021$200K
FY2022$188K
FY2023$225K
FY2024$219K
Net assets
$1.3M
FY2020
Net assets by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$1.6M
FY2023$1.7M
FY2024$1.8M

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 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 Jun 2017.

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

Who runs it and what they're paid

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

Part VII, Section A · reportable compensation
Executive Board
$302Pt VII · Sec A
Executive Board
$301Pt VII · Sec A
$301Pt VII · Sec A
$224Pt VII · Sec A
Recording Secretary
$223Pt VII · Sec A
Vice President
$223Pt VII · Sec A
$223Pt VII · Sec A
Executive Board
$223Pt VII · Sec A

Russell Au Yeung’s $356 as President is at the 0th percentile of top reported officer pay among 1709 $100K–1M community development 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Russell Au Yeung$356$341$325$314$301
John Langley$356$341$323$314$78
Jennifer Kramer$356$341$243$234$78
Michael O'Mahoney$356$257$83——
Brendan Greene$88$341$323$314$78
Anthony Sandoval$177$341——$302
Andthony Sandoval——$323$234—
Ronald J Lewis$176$256$243$314—

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 Electcrafts Incorporated 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 15aNo

Programs and updates

Manages property ownership and rent collection for a tax-exempt group.

Provided by the organization

This section is blank until Electcrafts Incorporated claims this page.

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1 program service, described in the organization's own filed words · FY2020.
01

Hold title and collect rents on non-debt financed property for its parent organization.

Pt IX · col B

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$312K
Ln 12
Fees for servicesLn 2g$301K
Investment incomeLn 3$11K
Money outPt IX
$214K
Ln 25
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.3M
LiabilitiesLn 26$28K
PeoplePt VI, VII
15
listed · VII A
PaidVII A14
Voting boardVI 1a10
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$301K
Investment incomeLn 3$11K
Total revenueLn 12$312K
Assets in detailPt X, end of year
CashLn 1$397K
SavingsLn 2$776K
Cash and savings togetherLn 1–2$1.2M
Land, buildings, equipmentLn 10c$155K
Total assetsLn 16$1.3M
LiabilitiesLn 26$28K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.1M$1.2M
Land, buildings, equipmentLn 10c$173K$155K
Total assetsLn 16$1.2M$1.3M
LiabilitiesLn 26$28K$28K
Net assetsLn 32$1.2M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$3K
Accounting feesLn 11c$6K
Office expensesLn 13$2K
OccupancyLn 16$165K
Depreciation, depletion and amortizationLn 22$39K
Total functional expensesLn 25$214K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $343K$219K$124K$1.8M 990 PDF
FY2023 $339K$225K$113K$1.7M 990 PDF
FY2022 $322K$188K$134K$1.6M 990 PDF
FY2021 $318K$200K$117K$1.4M 990 PDF
FY2020 Viewing $312K$214K$98K$1.3M 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $312,292 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $301,269$301,269
VIII-3 Investment incomeExcluded from tax $11,023$11,023
VIII-12 Total revenueRelated to mission $301,269 · Unrelated business $0 · Excluded from tax $11,023$312,292
Part IX · Statement of functional expenses $214,272 across 5 lines filed
IX-5 Pay of current officers, directors and key staff$2,559
IX-11c Accounting fees$6,000
IX-13 Office expenses$1,619
IX-16 Occupancy$165,319
IX-22 Depreciation, depletion and amortization$38,775
IX-25 Total functional expenses$214,272
Part X · Balance sheet $1,327,488 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $403,443$396,553
X-2 Savings and temporary cash investmentsStart of year $653,429$775,585
X-10c Land, buildings and equipment, netStart of year $172,596$155,350
X-16 Total assetsStart of year $1,229,468$1,327,488
X-25 Other liabilitiesStart of year $28,203$28,203
X-26 Total liabilitiesStart of year $28,203$28,203
X-27 Net assets without donor restrictionsStart of year $1,201,265$1,299,285
X-32 Total net assets or fund balancesStart of year $1,201,265$1,299,285
X-33 Total liabilities and net assetsStart of year $1,229,468$1,327,488
Part XI · Reconciliation of net assets $1,299,285 net assets at year end
XI-1 Total revenue$312,292
XI-2 Total expenses$214,272
XI-3 Revenue less expenses$98,020
XI-4 Net assets at start of year$1,201,265
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,299,285

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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