FIVE TALENTS U S A: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
FIVE TALENTS U S A (EIN 54-1940918)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-01
IRS object ID
202431229349302298
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-01T15:05:24-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Hozik & Company PLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1374 Maple Ave E Ste 305AddressLine1Txt
CityViennaCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22180ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN541940918EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Five Talents USABusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFIVEBusinessNameControlTxt
Phone7032277166PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 331AddressLine1Txt
CityViennaCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22183ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonElizabeth HaPersonNm
Person TitleCEOPersonTitleTxt
Phone7032277166PhoneNum
Signature2024-04-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstElizabethPersonFirstNm
Person LastHaPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCorrie ScottPreparerPersonNm
PTINP01295891PTIN
Phone8588633319PhoneNum
Preparation2024-05-01PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerElizabeth HaPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 331AddressLine1Txt
CityViennaCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22183ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,436,390GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.fivetalents.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1999FormationYr
Legal Domicile StateVALegalDomicileStateCd
Activity Or MissionFive Talents' mission is to transform lives through economic empowerment. We seek to eradicate extreme poverty to the flourishing of communities through development of microenterprise programs.ActivityOrMissionDesc
Voting Members Governing Body12VotingMembersGoverningBodyCnt
Voting Members Independent12VotingMembersIndependentCnt
Total Employee10TotalEmployeeCnt
Total Volunteers30TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,135,095PYContributionsGrantsAmt
CY Contributions Grants$1,341,589CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$7,015PYInvestmentIncomeAmt
CY Investment Income$6,956CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue-$6,572CYOtherRevenueAmt
PY Total Revenue$1,142,110PYTotalRevenueAmt
CY Total Revenue$1,341,973CYTotalRevenueAmt
PY Grants And Similar Paid$495,911PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$597,314CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$489,358PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$489,113CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$200PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$1,358CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$170,369CYTotalFundraisingExpenseAmt
PY Other Expenses$209,516PYOtherExpensesAmt
CY Other Expenses$132,899CYOtherExpensesAmt
PY Total Expenses$1,194,985PYTotalExpensesAmt
CY Total Expenses$1,220,684CYTotalExpensesAmt
PY Revenues Less Expenses-$52,875PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$121,289CYRevenuesLessExpensesAmt
Total Assets BOY$700,400TotalAssetsBOYAmt
Total Assets EOY$858,248TotalAssetsEOYAmt
Total Liabilities BOY$12,403TotalLiabilitiesBOYAmt
Total Liabilities EOY$33,360TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$687,997NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$824,888NetAssetsOrFundBalancesEOYAmt
MissionFive Talents' mission is to transform lives through economic empowerment. The Organization's vision is to eradicate poverty by restoring human dignity and creating strong, sustainable communities. Partnering with local churches around the world, Five Talents works to combat poverty in the developing world by: (1) empowering families living in poverty with knowledge and skills to read, write, save, and invest, (2) developing community savings groups and helping families to launch and grow small businesses.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$927,581ExpenseAmt
Grant$597,314GrantAmt
Revenue$27,526RevenueAmt
DescSee attached for details on program service accomplishments.Desc
Total Program Service Expenses$927,581TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficeYes (true)ForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgYes (true)MoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document3IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee10EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members12GoverningBodyVotingMembersCnt
Independent Voting Member12IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldOHStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldTNStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldVAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldDCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonElizabeth HaPersonNm
Phone7032426016PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 331AddressLine1Txt
CityViennaCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22183ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
Elizabeth Ha
CEO40.00Yes (X)$106,293$0$3,189
Deb Conver
Director1.00$0$0$0Yes (X)
Bill Eggbeer
Director1.00$0$0$0Yes (X)
Donna Ivey
Director1.00$0$0$0Yes (X)
Jim Lewis
Director1.00$0$0$0Yes (X)
Corky Eddins
Director1.00$0$0$0Yes (X)
Danielle Tate
Director1.00$0$0$0Yes (X)
Dana Wichterman
Director1.00$0$0$0Yes (X)
April Young
Director1.00$0$0$0Yes (X)
Kim Pacala
Chair6.00Yes (X)$0$0$0Yes (X)
Francine Maestri
Vice Chair4.00Yes (X)$0$0$0Yes (X)
Steve Tees
Treasurer2.00Yes (X)$0$0$0Yes (X)
Jim Oakes
Secretary4.00Yes (X)$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$106,293TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$3,189TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Fundraising$300,855FundraisingAmt
All Other Contributions$1,040,734AllOtherContributionsAmt
Noncash Contributions$63,318NoncashContributionsAmt
Total Contributions$1,341,589TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,087TotalRevenueColumnAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$4,087ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$63,188SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$60,319SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$2,869SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,869TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$2,869ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$26,550FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$300,855ContriRptFundraisingEventAmt
Fundraising Direct Expenses$34,098FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$7,548TotalRevenueColumnAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$7,548ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOther incomeDesc
Business900099BusinessCd
Total Revenue Column$976TotalRevenueColumnAmt
Related Or Exempt Func Income$976RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$976OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,341,973TotalRevenueColumnAmt
Related Or Exempt Func Income$976RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$592ExclusionAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$597,314TotalAmt
Program Services$597,314ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$112,052TotalAmt
Program Services$63,502ProgramServicesAmt
Management And General$7,476ManagementAndGeneralAmt
Fundraising$41,074FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$307,821TotalAmt
Program Services$173,224ProgramServicesAmt
Management And General$54,670ManagementAndGeneralAmt
Fundraising$79,927FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$8,240TotalAmt
Program Services$4,687ProgramServicesAmt
Management And General$1,513ManagementAndGeneralAmt
Fundraising$2,040FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$29,352TotalAmt
Program Services$16,552ProgramServicesAmt
Management And General$4,365ManagementAndGeneralAmt
Fundraising$8,435FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$31,648TotalAmt
Program Services$17,846ProgramServicesAmt
Management And General$4,706ManagementAndGeneralAmt
Fundraising$9,096FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$450TotalAmt
Program Services$0ProgramServicesAmt
Management And General$450ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$1,358TotalAmt
Fundraising$1,358FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$23,943TotalAmt
Program Services$2,360ProgramServicesAmt
Management And General$21,390ManagementAndGeneralAmt
Fundraising$193FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$5,526TotalAmt
Program Services$3,116ProgramServicesAmt
Management And General$822ManagementAndGeneralAmt
Fundraising$1,588FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$44,707TotalAmt
Program Services$9,901ProgramServicesAmt
Management And General$18,758ManagementAndGeneralAmt
Fundraising$16,048FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$12,000TotalAmt
Program Services$6,767ProgramServicesAmt
Management And General$1,784ManagementAndGeneralAmt
Fundraising$3,449FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$7,689TotalAmt
Program Services$4,336ProgramServicesAmt
Management And General$1,143ManagementAndGeneralAmt
Fundraising$2,210FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$10,190TotalAmt
Program Services$3,857ProgramServicesAmt
Management And General$4,199ManagementAndGeneralAmt
Fundraising$2,134FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$243TotalAmt
Program Services$137ProgramServicesAmt
Management And General$36ManagementAndGeneralAmt
Fundraising$70FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$7,677TotalAmt
Program Services$4,329ProgramServicesAmt
Management And General$1,142ManagementAndGeneralAmt
Fundraising$2,206FundraisingAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Other program evaluation and support$18,591$18,591$0$0
Miscellaneous$1,883$1,062$280$541

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,220,684TotalAmt
Program Services$927,581ProgramServicesAmt
Management And General$122,734ManagementAndGeneralAmt
Fundraising$170,369FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$230,079BOYAmt
EOY$479,510EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$348,701BOYAmt
EOY$240,495EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$10,352BOYAmt
EOY$7,529EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$3,309LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,897LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$655BOYAmt
EOY$412EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$110,613BOYAmt
EOY$130,302EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$700,400BOYAmt
EOY$858,248EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$12,403BOYAmt
EOY$33,360EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$12,403BOYAmt
EOY$33,360EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$525,006BOYAmt
EOY$573,892EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$162,991BOYAmt
EOY$250,996EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$687,997BOYAmt
EOY$824,888EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$700,400BOYAmt
EOY$858,248EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$121,289ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$15,602NetUnrlzdGainsLossesInvstAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind
Other Support Sum$0OtherSupportSumAmt

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,071,633CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$559,330CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,244,357CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,135,095CurrentTaxYearMinus1YearAmt
Current Tax Year$1,341,589CurrentTaxYearAmt
Total$5,352,004TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,071,633CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$559,330CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,244,357CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,135,095CurrentTaxYearMinus1YearAmt
Current Tax Year$1,341,589CurrentTaxYearAmt
Total$5,352,004TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$326,318SubstantialContributorsTotAmt
Public Support Total170$5,025,686PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$10,042CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,307CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$14,061CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,256CurrentTaxYearMinus1YearAmt
Current Tax Year$4,087CurrentTaxYearAmt
Total$42,753TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$976CurrentTaxYearAmt
Total$976TotalAmt
FieldValueIRS element (for citing)
Total Support$5,395,733TotalSupportAmt
Gross Receipts Rltd Activities$26,550GrossReceiptsRltdActivitiesAmt
Public Support CY1700.93140PublicSupportCY170Pct
Public Support PY1700.86480PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind
Public Support Total509$0PublicSupportTotal509Amt
Public Support CY5090PublicSupportCY509Pct
Investment Income CY0InvestmentIncomeCYPct

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePt II Ln 10FormAndLineReferenceDesc
ExplanationOther Income Part II, Line 10 Description: Other income 2019: 0. 2020: 0. 2021: 0. 2022: 0. 2023: 976.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Book Value$0BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,309OtherCostOrOtherBasisAmt
Depreciation$2,897DepreciationAmt
Book Value$412BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$412TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$1,405,506TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$15,602NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$13,833DonatedServicesAndUseFcltsAmt
Revenue Not Reported$29,435RevenueNotReportedAmt
Revenue Subtotal$1,376,071RevenueSubtotalAmt
Other Revenues Not Included-$34,098OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$34,098RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,341,973TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,268,615TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$13,833DonatedServicesUseFcltsAmt
Other Expenses Included$34,098OtherExpensesIncludedAmt
Expenses Not Reported$47,931ExpensesNotReportedAmt
Expenses Subtotal$1,220,684ExpensesSubtotalAmt
Total Expenses Per Form990$1,220,684TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt XI, Line 4bSpecial event expenses netted against income.
Pt XII, Line 2dSpecial event expenses netted against income.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Sub-Saharan Africa00GrantsLiteracy/Financial/Technical$525,814
South America00GrantsLiteracy/Financial/Technical$30,000
East Asia and Pacific00GrantsLiteracy/Financial/Technical$41,500
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$597,314SubtotalSpentAmt
Total Spent$597,314TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (3 entries)

RegionRegionTxtPurpose Of GrantPurposeOfGrantTxtCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxtNon Cash AssistanceNonCashAssistanceAmtDescription Of Non Cash AsstDescriptionOfNonCashAsstTxtValuation Method UsedValuationMethodUsedDesc
Sub-Saharan AfricaLiteracy, Assistance$525,814Wire Transfer$0N/AFMV
South AmericaLiteracy, Assistance$30,000Wire Transfer$0N/AFMV
East Asia and PacificLiteracy, Assistance$41,500Wire Transfer$0N/AFMV
FieldValueIRS element (for citing)
Total501c3 Org10Total501c3OrgCnt
Transfer To Foreign CorpfalseTransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipfalseForeignCorpOwnershipInd
Passive Foreign Investmest CofalsePassiveForeignInvestmestCoInd
Foreign PartnershipfalseForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt I Line 2Fund disbursements and incurred expenses are subjected to the following controls: (1) approval required by CEO along with a receipt or invoice submission (except for recurring or routine expenses) (2) accountant requires receipt for all credit card purchases, (3) the credit card statement is reviewed and reconciled monthly (4) secondary approval (Board Chair or Vice-Chair) is required for expenses over $5,000 or for Elizabeth (CEO) over $100, and (5) all expenses (detailed revenue and expenses) are reconciled monthly against checking and credit card statements. The CEO and Treasurer review and approve the detailed expense report, statement, and reconciliations monthly.
Pt I Line 3 Col (F)Five Talents requires a signed memorandum of understanding from organizations it grants to detailing the purpose of any funding received. Five Talents requires quarterly reporting from all organizations who receive funding and Five Talents requires regular audits by an independent agency. Five Talents uses outside consultants to provide technical assistance and program oversight to recipient organizations. The organizations are visited by Five Talents staff members.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1AuctionEvent1Nm
Gross Receipts Event1$327,405GrossReceiptsEvent1Amt
Charitable Contri Event1$300,855CharitableContriEvent1Amt
Gross Revenue Event1$26,550GrossRevenueEvent1Amt
Rent Facility Costs Event1$3,600RentFacilityCostsEvent1Amt
Food And Beverage Event1$27,076FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$3,422OtherDirectExpensesEvent1Amt
Gross Receipts Total$327,405GrossReceiptsTotalAmt
Charitable Contributions Tot$300,855CharitableContributionsTotAmt
Gross Revenue Total Events$26,550GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$3,600RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$27,076FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$3,422OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$34,098DirectExpenseSummaryEventsAmt
Net Income Summary-$7,548NetIncomeSummaryAmt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution14ContributionCnt
Noncash Contributions Rpt F990$60,319NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Desc100 tumblersDesc
Contribution1ContributionCnt
Noncash Contributions Rpt F990$2,999NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt VI, Line 11bThe Form 990 is reviewed by the Governing Body, CEO and Audit and Finance Committee prior to filing.
Pt VI, Line 12cThe Organization requires that officers must disclose the existence of a financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board delegated powers considering a proposed transaction or arrangement after disclosure of the financial interest and all material facts. After any discussion with the interested person, they shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists.
Pt VI, Line 15aThe Personnel Committee establishes compensation for the CEO, and the whole Five Talent board votes on personnel costs once a year at a full board meeting. Benefits for the CEO are also decided by the Personnel Committee. The Personnel Committee takes into consideration comparable job title/responsibilities from the DMV area for like-sized non-profit organizations. The Personnel Committee documents its compensation review, along with its performance review, in its minutes.
Pt VI, Line 19The Organization made its governing documents, conflict of interest policy, and financial statements available to the public upon request during the tax year.
Pt XII, Line 2cFive Talents did not change either its oversight process or selection process during the tax year.

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