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Nonprofiteer
← ACTS LENDING INC

Form 990 for tax year 2023

Filed by ACTS LENDING INC.

Totals

Total revenue
$1,531,192
Total expenses
$505,922
Contributions and grants received
$1,192,569
Grants paid
$0
Program services expenses (Part IX)
$402,314
Management and general expenses
$89,077
Fundraising expenses
$14,531
Program service expenses (Part III)
$402,314

Program services were 79.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MICHAEL GOSMAN

    PRESIDENT & CEO

    Total calculated
    $236,025
    From this org
    $0
    From related orgs
    $196,948
    Other
    $39,077
    Hours/week
    3 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,948 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $39,077 related
    Filer's total
    $0 + $236,025 related

  • KELLY ANDREW

    VP STRATEGIC PARTNERSHIPS

    Total calculated
    $135,503
    From this org
    $0
    From related orgs
    $118,469
    Other
    $17,034
    Hours/week
    9 + 36 related

  • DOROTHY YORK

    VP REAL ESTATE

    Total calculated
    $145,694
    From this org
    $0
    From related orgs
    $129,880
    Other
    $15,814
    Hours/week
    0 + 45 related

  • DEATRA KEMP

    VP PROGRAMS

    Total calculated
    $123,198
    From this org
    $0
    From related orgs
    $100,989
    Other
    $22,209
    Hours/week
    3 + 42 related

  • HEATHER RAMIREZ

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ANTHONY FRANDA

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • DOUG LEVY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RAE JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ANTHONY MCHENRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • OSCAR TOVAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 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 — 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

  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE EXECUTIVE DIRECTOR RECEIVED A BONUS 2023 OF $15,000

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
2023
Filed
30 October 2024
IRS schema version
2023v5.1
Source object
202433049349301553

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

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