Nonprofit · EIN 85-3107828
BYNEFIT INC
Tax-exempt · ATLANTA, GA 30315
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2024 | 990-EZ | $20,000 | $20,000 | $0 | $7,000 | $0 | $7,000 |
| August 31, 2023 | 990-EZ | $0 | $0 | $0 | $7,000 | $0 | $7,000 |
Financial details: 990-EZ for the year ended August 31, 2024
Revenue
- Contributions, gifts and grants
- $20,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Occupancy
- $20,000
- Program services (functional)
- $20,000
Balance sheet and other
- Total assets, start of year
- $7,000
- Total assets, end of year
- $7,000
- Total liabilities, end of year
- $0
- Net assets, end of year
- $7,000
- Cash, savings and investments
- $7,000
- Gross receipts
- $20,000
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended August 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Racean Ford | Executive Director | 40 | $0 |
| Melvin Williams | President, Advisory Director of Operational Services | 11 | $0 |
| Joseph Lanzot | Advisory Director of Technology Services | 5 | $0 |
| Anthony Henry | Director and Coordinator of Community Operational Services | 1 | $0 |
| MarQuis McCoy | Director of Quality Assurance Services | 7 | $0 |
| Cheslee Shelton | Director of Educational and Community Health Services | 13 | $0 |
990-EZ for the year ended August 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Racean Ford | Executive Director | 35 | $0 |
| Melvin Williams | President, Advisory Director of Operational Services | 7 | $0 |
| Joseph Lanzot | Advisory Director of Technology Services | 3 | $0 |
| Anthony Henry | Director and Coordinator of Community Operational Services | 3 | $0 |
| MarQuis McCoy | Director of Quality Assurance Services | 3 | $0 |
| Cheslee Shelton | Director of Educational and Community Health Services | 15 | $0 |
Address and contacts
- Address (IRS master file)
- 1333 REDFORD DR SE, ATLANTA, GA 30315-8634
- In care of
- % OTTIES WOODS
- Mailing address (990-N for 2019)
- 1333 REDFORD DR SE, ATLANTA GA 30315
- Principal officer (990-N for 2019)
- OTTIES WOODS JR, 1333 REDFORD DR SE, ATLANTA GA 30315
- Signed the 990-EZ
- Racean Ford, Executive Director
- Phone
- (678) 605-9994
- Website
- BRIGHT1SPATH.ORG
Mission
Bynefit Inc. is dedicated to enhancing the well-being and overall quality of life within our community. Our mission is to empower individuals through transformative initiatives that focus on education, mental and physical health, and addressing food insecurities. We are committed to building a resilient, thriving, and inclusive community by providing access to education, promoting holistic well-being, and ensuring food security. Bynefit Inc. leverages innovative technology to drive positive change in underserved communities, tackling economic disparities, mental health challenges, homelessness, and health stigmas. We develop and deploy cutting-edge technology solutions, create impactful apps, and collaborate with brands to raise awareness and foster a life worth living for all community members.
Program accomplishments
- Senior Citizen Food Delivery Program, General Food Delivery Program, HIV, AIDS Education, Prevention and Referral Program, Christmas on Us Program, Economic Development and TrainingExpenses $20,000
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | Not on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990-EZ on file |
IRS record
- EIN
- 85-3107828
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- August
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Health care (E60)
- Assets (IRS master file)
- $7,000
- Income (IRS master file)
- $20,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | August 2024 | $20,000 | $20,000 | $7,000 | XML |
| 990-EZ | August 2023 | $0 | $0 | $7,000 | XML |
| 990-EZ | August 2022 | – | – | – | IRS |
| 990-EZ | August 2021 | – | – | – | IRS |
| 990-N for 2019 Officer: OTTIES WOODS JR | August 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-3107828).
Questions about BYNEFIT INC
- What is the EIN of BYNEFIT INC?
- The employer identification number (EIN) of BYNEFIT INC is 85-3107828.
- Is BYNEFIT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to BYNEFIT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BYNEFIT INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of BYNEFIT INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BYNEFIT INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended August 2024.
- Who is the principal officer of BYNEFIT INC?
- The 990-N for 2019 names OTTIES WOODS JR.
- Who are the officers and directors of BYNEFIT INC?
- The 990-EZ for the year ended August 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does BYNEFIT INC have?
- On its 990-EZ for the year ended August 31, 2024 it reported revenue of $20,000, expenses of $20,000 and total assets of $7,000 at year end.
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