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Nonprofiteer
← TWIN OAKS JUVENILE DEVELOPMENT INC

Form 990 for tax year 2023

Filed by TWIN OAKS JUVENILE DEVELOPMENT INC.

Totals

Total revenue
$42,075,173
Total expenses
$44,604,821
Contributions and grants received
$26,955,233
Grants paid
$8,658
Program service revenue
$15,073,459
Investment income
$10,784
Other revenue
$35,697
Total assets, end of year
$10,266,355
Total liabilities, end of year
$7,650,816
Net assets or fund balances, end of year
$2,615,539
Program services expenses (Part IX)
$35,294,212
Management and general expenses
$9,310,609
Fundraising expenses
$0
Program service expenses (Part III)
$35,294,212

Program services were 79.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DONALD B READ

    CEO AND DIRECTOR

    Total calculated
    $366,000
    From this org
    $7,000
    From related orgs
    $359,000
    Other
    $0
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $7,000 + $359,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $7,000 + $359,000 related

  • VENISHA BUCHANON

    PROGRAM DIRECTOR AND DIREC

    Total calculated
    $97,440
    From this org
    $96,000
    From related orgs
    $0
    Other
    $1,440
    Hours/week
    40

  • DAVID READ

    PROGRAM DIRECTOR AND DIREC

    Total calculated
    $193,150
    From this org
    $121,440
    From related orgs
    $67,200
    Other
    $4,510
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,440 + $67,200 related
    Bonus
    $0
    Other
    $0
    Deferred
    $1,822 + $2,688 related
    Nontaxable benefits
    $0
    Filer's total
    $123,262 + $69,888 related

  • CHARLES CHERVANIK

    COO AND DIRECTOR

    Total calculated
    $144,000
    From this org
    $132,000
    From related orgs
    $12,000
    Other
    $0
    Hours/week
    40

  • B DAYNE READ

    CFO AND DIRECTOR

    Total calculated
    $206,340
    From this org
    $12,900
    From related orgs
    $186,000
    Other
    $7,440
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $12,900 + $186,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,440 related
    Nontaxable benefits
    $0
    Filer's total
    $12,900 + $193,440 related

  • BENJIMAN D READ

    SECRETARY

    Total calculated
    $396,500
    From this org
    $12,000
    From related orgs
    $372,000
    Other
    $12,500
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $12,000 + $372,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,500 related
    Nontaxable benefits
    $0
    Filer's total
    $12,000 + $384,500 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

  • 3 · Approval by the board or compensation committee

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
POLICIES AND PROCEDURES ARE SET BY THE RELATED ORGANIZATION THAT PAYS THE COMPENSATION AND BENEFITS.

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.

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 corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501349349312055

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