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Nonprofiteer
← OVERMONT CORP

Form 990 for tax year 2023

Filed by OVERMONT CORP.

Totals

Total revenue
$3,411,525
Total expenses
$5,052,219
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,381,632
Investment income
$27,166
Other revenue
$2,727
Total assets, end of year
$37,160,642
Total liabilities, end of year
$35,740,614
Net assets or fund balances, end of year
$1,420,028
Program services expenses (Part IX)
$3,356,793
Management and general expenses
$1,695,426
Fundraising expenses
$0
Program service expenses (Part III)
$3,356,793

Program services were 66.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KENNETH J VEIT DO

    PRESIDENT

    Total calculated
    $874,827
    From this org
    $0
    From related orgs
    $807,335
    Other
    $67,492
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $650,735 related
    Bonus
    $0 + $150,000 related
    Other
    $0 + $6,600 related
    Deferred
    $0 + $49,500 related
    Nontaxable benefits
    $0 + $17,992 related
    Filer's total
    $0 + $874,827 related

  • PETER DOULIS CPA

    EXECUTIVE VP AND CFO (UNTIL 06/24)

    Total calculated
    $701,389
    From this org
    $0
    From related orgs
    $620,763
    Other
    $80,626
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $514,163 related
    Bonus
    $0 + $100,000 related
    Other
    $0 + $6,600 related
    Deferred
    $0 + $49,500 related
    Nontaxable benefits
    $0 + $31,126 related
    Filer's total
    $0 + $701,389 related

  • DAVID F SIMON

    SECRETARY (UNTIL 06/24)

    Total calculated
    $560,972
    From this org
    $0
    From related orgs
    $491,357
    Other
    $69,615
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $389,757 related
    Bonus
    $0 + $95,000 related
    Other
    $0 + $6,600 related
    Deferred
    $0 + $49,500 related
    Nontaxable benefits
    $0 + $20,115 related
    Filer's total
    $0 + $560,972 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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE OFFICERS OF OVERMONT WERE COMPENSATED BY A RELATED ORGANIZATION. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE COMPENSATION COMMITTEE.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202521339349302867

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