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Nonprofiteer
← KAUFFMAN FASTTRAC INC

Form 990 for tax year 2024

Filed by KAUFFMAN FASTTRAC INC.

Totals

Total revenue
$52,110
Total expenses
$232,193
Contributions and grants received
$47,210
Grants paid
$0
Program service revenue
$4,900
Investment income
$0
Other revenue
$0
Total assets, end of year
$118,112
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$118,112
Program services expenses (Part IX)
$227,605
Management and general expenses
$4,588
Fundraising expenses
$0
Program service expenses (Part III)
$227,605

Program services were 98.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $47,210

  • 2a · Program service revenue: APPLICATION FEES

    total $4,900 · related or exempt $4,900

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $3,412 · management and general $3,412

  • 14 · Information technology

    total $47,098 · program services $47,098

  • 22 · Depreciation, depletion and amortization

    total $180,507 · program services $180,507

  • 24a · Other expenses: DUES AND FEES

    total $1,176 · management and general $1,176

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,858 · end of year $6,282

  • 10a · Land, buildings and equipment: cost or other basis

    $541,522

  • 10b · Land, buildings and equipment: accumulated depreciation

    $429,692

  • 10c · Land, buildings and equipment, net

    beginning of year $292,337 · end of year $111,830

  • 27 · Net assets without donor restrictions

    beginning of year $298,195 · end of year $118,112

Mission and programs · 2024

Mission

DEVELOP AND DELIVER INNOVATIVE AND PROVEN EDUCATIONAL PROGRAMS THAT (1) HELP ENTREPRENEURS LEARN ABOUT LAUNCHING NEW VENTURES OR GROWING EXISTING ONES, AND (2) TRAIN SELF-SUFFICIENT AND THOUGHTFUL BUSINESS LEADERS.

Activities or mission (Part I)

DEVELOP AND DELIVER EDUC PROGRAMS THAT (1) HELP ENTREPRENEURS LEARN ABOUT LAUNCHING NEW VENTURES OR GROWING EXISTING ONES, AND (2) TRAIN SELF-SUFFICIENT AND THOUGHTFUL LEADERS.

  • SEE SCHEDULE O

    Expenses $227,605

As filed on the 2024 return.

Listed in Part VII

  • John Tyler

    BOARD MEMBER/SECRETARY

    Total calculated
    $607,826
    From this org
    $0
    From related orgs
    $559,584
    Other
    $48,242
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $504,244 related
    Bonus
    $0 + $356 related
    Other
    $0 + $54,984 related
    Deferred
    $0 + $46,000 related
    Nontaxable benefits
    $0 + $2,242 related
    Filer's total
    $0 + $607,826 related
  • Kristin Bechard

    BOARD MEMBER/TREASURER

    Total calculated
    $491,155
    From this org
    $0
    From related orgs
    $414,733
    Other
    $76,422
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $387,408 related
    Bonus
    $0
    Other
    $0 + $27,325 related
    Deferred
    $0 + $46,000 related
    Nontaxable benefits
    $0 + $30,422 related
    Filer's total
    $0 + $491,155 related
  • Susan Klusmeier

    BOARD MEMBER/PRESIDENT

    Total calculated
    $412,856
    From this org
    $0
    From related orgs
    $351,260
    Other
    $61,596
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $312,695 related
    Bonus
    $0 + $30,000 related
    Other
    $0 + $8,565 related
    Deferred
    $0 + $46,000 related
    Nontaxable benefits
    $0 + $15,596 related
    Filer's total
    $0 + $412,856 related
  • Philip Gaskin

    FORMER PRESIDENT

    Total calculated
    $404,849
    From this org
    $0
    From related orgs
    $394,456
    Other
    $10,393
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $394,456 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $10,393 related
    Filer's total
    $0 + $404,849 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
COMPENSATION INCLUDES AN OBLIGATION TO PAY BASE COMPENSATION TO PHILIP GASKIN PER THE TRANSITION AGREEMENT AFTER THE DEC. 31, 2023 TAX YEAR OVER A 12 MONTH PERIOD OF 394,456 DURING WHICH THERE ARE ONGOING OBLIGATIONS FROM HIM.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202503219349312835

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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