Yap Community Action Program Yapcap EIN 98-0053906 Form 990 (PDF) Claim this org

Yap Community Action Program Yapcap

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Offers affordable housing loans and supports environmental, cultural, and sustainable development for Yap families. For fiscal year 2023 it reported $521K in revenue, $373K in expenses, and $3.0M in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Yap, FM
Filings
3 on file (2021–2023)
Revenue
$521KFY2023
Expenses
$373K
Net assets
$3.0M
People
10
Filings
3
Updates
0
More identity details & actions ⌄
EIN  98-0053906 Public charity (501(c)(3)) Yap, FM
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers affordable housing loans and supports environmental, cultural, and sustainable development for Yap families.
Leadership
Sabino Sauchomal · Executive Director · $20K
Money in and out
$521K revenue, $373K expenses
Bottom line
51% program efficiency
Where the money goes · FY2023
Total revenue
$521K
Pt VIII · Ln 12
Total expenses
$373K
Pt IX · Ln 25
Net assets
$3.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $149K
Where spending went · Part IX cols B–D
Program services $0.51 Management & general $0.49
Program efficiency
51%
of spending reaches programs▼ -33% vs prior filing year
Operating runway
33.2mo
months of highly liquid reserves at operating expense rate▼ -21% vs prior filing year
Surplus margin
+28%
revenue over expenses, this year▼ -26% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$521K
FY2023▲ +22%
Expenses
$373K
FY2023▲ +41%
Total assets
$3.0M
FY2023▲ +5%
Total liabilities
$21K
FY2023▲ +41%
Total revenue
$521K
Pt VIII · Ln 12
Total expenses
$373K
Pt IX · Ln 25
Net assets
$3.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$149K
Total assetsPt X · Ln 16$3.0M
Program-expense ratioPt IX · col B51%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CYap Community Action Program Yapcap
EINHdr · item D98-0053906
Principal addressHdr · item CYap, FM
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFM
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1983

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
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 · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$20,425Pt VII · Sec A
Deputy Director
$18,447Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Vice-Chairman
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022FY2021
Sabino Sauchomal$20,425$20,140$21,853
Julian Tewasilpiy$18,447$18,190$19,691

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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Mission & Programs · Part III

Where the work happens

3 program services account for $190K of program spending, described in the organization's own filed words · FY2022.
01

Yap state government appropriates funds to yap community for it's operations in carrying out community services on yap.

$122Kprogram expense
02

Assist in social, cultural, economic benefits, community development & infrastructure projects in the state.

$44Kprogram expense
03

To develop a system and process intended to support communities in the protection and management of natural resources and coral reef monitoring.

$24Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$432K · 83%
Investment income$89K · 17%
Contributions & grants83%$432K
Investment income17%$89K
Total revenueLn 12$521K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.51 Management & general $0.49
Program services51%$190K
Management & general49%$183K
Total functional expensesLn 25$373K

Balance Sheet

Part X · end of year
CashLn 1$1.0M
Total assetsLn 16$3.0M
Total liabilitiesLn 26$21K
Total net assetsLn 32$3.0M
Months of cash on handcomputed33.2

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.0M · Operating expenses/yr $373K
33.2 months
Where the money goes
Program services
Program services $190K · Total expenses $373K
51%
Management & General
Management & general $183K · Total expenses $373K
49%
Fundraising
Fundraising $0 · Total expenses $373K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $304K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $432K · Total revenue $521K
83%
Government reliance
Government grants — · Total revenue $521K
Earned-income share
Program service revenue $0 · Total revenue $521K
0%
Investment reliance
Investment income $89K · Total revenue $521K
+17%
Program self-sufficiency
Program service revenue $0 · Total expenses $373K
0%
Growth & trend
Revenue growth (YoY)
This year $521K · Prior year $429K
+22%
Net-asset trend (YoY)
End of year $3.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $521K · Expenses $373K
+28%
Liabilities-to-Assets
Total liabilities — · Total assets $3.0M
Net-asset ratio
Net assets $3.0M · Total assets $3.0M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Sabino Sauchomal · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $20K · Total expenses $373K
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $182K · Total expenses $373K
49%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 51%
Overhead ratio 49%
Fundraising cost ratio 0%
Revenue growth 22%

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
FY2023 (Latest)$521K revenue · viewing · ⤓ 990 PDF
FY2022$429K revenue · ⤓ 990 PDF
FY2021$223K 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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