Performance Initiatives INC FY2024 filing

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The organization operates a community outreach center in order to educate and mentor youth and adults mentally, physically, and spiritually by using athletics, fitness, and educational classes.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$25K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $275K a year · 47% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$25K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $275K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$111K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+274% vs prior year
Spent
$301K
To programs
80%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$1.6M
FY2024▲ +274%
Tap a bar for its year
Revenue by fiscal year
FY2020$274K
FY2021$318K
FY2022$265K
FY2023$425K
FY2024$1.6M
FY2025$655K
Expenses
$301K
FY2024▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$259K
FY2021$356K
FY2022$324K
FY2023$309K
FY2024$301K
FY2025$325K
Net assets
$1.3M
FY2024▲ ×44
Tap a bar for its year
Net assets by fiscal year
FY2020$24K
FY2021−$14K
FY2022−$86K
FY2023$30K
FY2024$1.3M
FY2025$1.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $242K Management & general 20% · $59K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $25K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$25,461Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Kerri Goodrich’s $30K as Executive Di is at the 45th percentile of top reported officer pay among 1016 $100K–1M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kerri Goodrich$30,000$25,461$20,800$19,350$16,900$15,850

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Performance Initiatives INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Operates a fitness center to mentor youth and adults mentally, physically, and spiritually through athletics.

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1 program · $242K · in their own filed words · FY2024
01

The organization continued to provide services to the community in line with its mission to inspire and implement principles in programs which will enrich the lives of others pysically, psychologically, and spiritually.

$242Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.6M
Fees for servicesLn 2g$34K
Investment incomeLn 3$3K
Money outPt IX
$301K
Ln 25
Programscol B$242K
Managementcol C$59K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$43K
Total assetsLn 16$1.4M
LiabilitiesLn 26$111K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$1.5M
Noncash giftsLn 1g$1.3M
Fees for servicesLn 2g$34K
Investment incomeLn 3$3K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$11K
SavingsLn 2$32K
Cash and savings togetherLn 1–2$43K
Accounts receivableLn 4$12K
Prepaid expenses and deferred chargesLn 9$2K
Land, buildings, equipmentLn 10c$1.4M
Total assetsLn 16$1.4M
LiabilitiesLn 26$111K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 59
VolunteersI 6250
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$1.3M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$102K$43K
Land, buildings, equipmentLn 10c$73K$1.4M
Total assetsLn 16$178K$1.4M
LiabilitiesLn 26$148K$111K
Net assetsLn 32$30K$1.3M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$25K$20K$5K
Other salaries and wagesLn 7$61K$49K$12K
Payroll taxesLn 10$7K$5K$1K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$5K$5K
Advertising and promotionLn 12$801$641$160
Office expensesLn 13$22K$17K$4K
Information technologyLn 14$14K$11K$3K
OccupancyLn 16$7K$5K$1K
TravelLn 17$27K$27K
InterestLn 20$3K$2K$558
Depreciation, depletion and amortizationLn 22$20K$16K$4K
InsuranceLn 23$20K$16K$4K
Other expenses (24a–d)Ln 24$59K$54K$5K
All other expensesLn 24e$21K$19K$3K
Total functional expensesLn 25$301K$242K$59K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 8, 2026 $655K$325K$330K$1.6M 990 PDF
FY2024 ViewingFiled with the IRS Nov 7, 2025 $1.6M$301K$1.3M$1.3M 990 PDF
FY2023Filed with the IRS Nov 7, 2025 $425K$309K$116K$30K 990 PDF
FY2022Filed with the IRS Feb 1, 2024 $265K$324K−$59K−$86K 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $318K$356K−$39K−$14K 990 PDF
FY2020Filed with the IRS Nov 11, 2021 $274K$259K$15K$24K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,590,827 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $399,357$1,557,793
I-9 Program service revenuePrior year $24,800$34,425
I-10 Investment incomePrior year $711$2,651
I-11 Other revenuePrior year $130−$4,042
I-12 Total revenuePrior year $424,998$1,590,827
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $113,301$92,843
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $195,587$208,593
I-18 Total expensesPrior year $308,888$301,436
I-19 Revenue less expensesPrior year $116,110$1,289,391
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,590,827 across 8 lines filed
VIII-1a Federated campaigns$42,500
VIII-1e Government grants$1,515,293
VIII-1g Noncash contributions (included above)$1,300,000
VIII-1h Total contributions, gifts and grants$1,557,793
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $34,425$34,425
VIII-3 Investment incomeRelated to mission $2,651$2,651
VIII-8 Net income from fundraising eventsExcluded from tax −$4,042−$4,042
VIII-12 Total revenueRelated to mission $37,076 · Excluded from tax −$4,042$1,590,827
Part IX · Statement of functional expenses $301,436 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $20,369 · Management $5,092$25,461
IX-7 Other salaries and wagesPrograms $48,542 · Management $12,136$60,678
IX-10 Payroll taxesPrograms $5,363 · Management $1,341$6,704
IX-11c Accounting feesManagement $10,750$10,750
IX-11g Other fees for servicesManagement $5,260$5,260
IX-12 Advertising and promotionPrograms $641 · Management $160$801
IX-13 Office expensesPrograms $17,433 · Management $4,358$21,791
IX-14 Information technologyPrograms $10,841 · Management $2,710$13,551
IX-16 OccupancyPrograms $5,366 · Management $1,341$6,707
IX-17 TravelPrograms $27,314$27,314
IX-20 InterestPrograms $2,230 · Management $558$2,788
IX-22 Depreciation, depletion and amortizationPrograms $15,931 · Management $3,983$19,914
IX-23 InsurancePrograms $15,642 · Management $3,911$19,553
IX-24 Other expenses (24a–d)Programs $54,111 · Management $4,927$59,038
IX-24e All other expensesPrograms $18,557 · Management $2,569$21,126
IX-25 Total functional expensesPrograms $242,340 · Management $59,096 · Fundraising $0$301,436
Part X · Balance sheet $1,430,597 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,713$10,985
X-2 Savings and temporary cash investmentsStart of year $100,711$31,547
X-4 Accounts receivable$12,342
X-9 Prepaid expenses and deferred chargesStart of year $2,379$2,379
X-10c Land, buildings and equipment, netStart of year $72,882$1,373,344
X-16 Total assetsStart of year $177,685$1,430,597
X-17 Accounts payable and accrued expensesStart of year $46,468$9,989
X-24 Unsecured notes and loans payableStart of year $101,100$101,100
X-26 Total liabilitiesStart of year $147,568$111,089
X-27 Net assets without donor restrictionsStart of year −$57,383$1,252,383
X-28 Net assets with donor restrictionsStart of year $87,500$67,125
X-32 Total net assets or fund balancesStart of year $30,117$1,319,508
X-33 Total liabilities and net assetsStart of year $177,685$1,430,597
Part XI · Reconciliation of net assets $1,319,508 net assets at year end
XI-1 Total revenue$1,590,827
XI-2 Total expenses$301,436
XI-3 Revenue less expenses$1,289,391
XI-4 Net assets at start of year$30,117
XI-10 Net assets at end of year$1,319,508

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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