Premier Catalog Group INC FY2020 filing

Not tax-deductible

Virginia Bch, VA501(c)(6)Community DevelopmentEIN 23-3035273Revenue $377K in FY2020

On file with the IRSpremiermember.com249 Central Park Ave Ste 300 # 101, 23462-3271 · Virginia Bch, VATax-exempt since Oct 2008

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Products nationwide who are committed to the betterment and success of each other's businesses.

24¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $29K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
24%
of spending
Concern: 24% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 11.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$226K
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$377K
Spent
$292K
To programs
24%
Net assets
$333K
By yearFY2020–FY2024
Revenue
$377K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$377K
FY2021$400K
FY2022$558K
FY2023$696K
FY2024$977K
Expenses
$292K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$292K
FY2021$402K
FY2022$651K
FY2023$608K
FY2024$912K
Net assets
$333K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$333K
FY2021$331K
FY2022$269K
FY2023$357K
FY2024$423K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2008.

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

Where the money goes

24 cents of each dollar spent went to programs.

Program services 24% · $69K Management & general 76% · $223K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Director Emeritus
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Premier Catalog Group INC executive salaries →

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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 15aYes

Programs and updates

Connects businesses nationwide to foster mutual growth and success.

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Provided by the organization

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3 programs · $69K · in their own filed words · FY2020
01

The creation of a catalogue for the promotion of suppliers members' products.

$45Kprogram expense
02

The creation and maintenance of a website for member's use as a reference tool.

$14Kprogram expense
03

To organize and facilitate meetings at trade gatherings, most notably the organization's annual meeting, for the purpose of acquainting members of the organization with one another and with their products, services and skills.

$10Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$377K
Ln 12
Fees for servicesLn 2g$375K
Investment incomeLn 3$2K
Money outPt IX
$292K
Ln 25
Programscol B$69K
Managementcol C$223K
Owns and owesPt X
$333K
net assets · Ln 32
Cash and savingsLn 1–2$276K
Total assetsLn 16$559K
LiabilitiesLn 26$226K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$375K
Investment incomeLn 3$2K
Total revenueLn 12$377K
Assets in detailPt X, end of year
CashLn 1$276K
Cash and savings togetherLn 1–2$276K
InvestmentsLn 11–13$73K
Total assetsLn 16$559K
LiabilitiesLn 26$226K
Net assetsLn 32$333K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$280K$276K
InvestmentsLn 11–13$63K$73K
Total assetsLn 16$531K$559K
LiabilitiesLn 26$283K$226K
Net assetsLn 32$248K$333K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$172K$172K
Other salaries and wagesLn 7$580$580
Payroll taxesLn 10$14K$14K
Management feesLn 11a$887$887
Legal feesLn 11b$800$800
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$893$893
Advertising and promotionLn 12$13K$13K
Office expensesLn 13$9K$9K
Information technologyLn 14$1K$1K
TravelLn 17$5K$5K
Conferences, conventions and meetingsLn 19$19K$10K$9K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$45K$45K$597
Total functional expensesLn 25$292K$69K$223K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $977K$912K$65K$423K 990 PDF
FY2023 $696K$608K$88K$357K 990 PDF
FY2022 $558K$651K−$93K$269K 990 PDF
FY2021 $400K$402K−$2K$331K 990 PDF
FY2020 Viewing $377K$292K$85K$333K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $376,907 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $546,938$374,630
I-10 Investment incomePrior year $2,924$2,277
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $549,862$376,907
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $194,765$186,501
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $359,731$105,740
I-18 Total expensesPrior year $554,496$292,241
I-19 Revenue less expensesPrior year −$4,634$84,666
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $376,907 across 3 lines filed
Lines not itemized here account for $17,860 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $356,770$356,770
VIII-3 Investment incomeExcluded from tax $2,277$2,277
VIII-12 Total revenueRelated to mission $374,630 · Unrelated business $0 · Excluded from tax $2,277$376,907
Part IX · Statement of functional expenses $292,241 across 15 lines filed
IX-6 Pay of disqualified personsManagement $172,025$172,025
IX-7 Other salaries and wagesManagement $580$580
IX-10 Payroll taxesManagement $13,896$13,896
IX-11a Management feesManagement $887$887
IX-11b Legal feesManagement $800$800
IX-11c Accounting feesManagement $2,885$2,885
IX-11g Other fees for servicesManagement $893$893
IX-12 Advertising and promotionPrograms $13,113$13,113
IX-13 Office expensesManagement $8,820$8,820
IX-14 Information technologyPrograms $1,146$1,146
IX-17 TravelManagement $5,062$5,062
IX-19 Conferences, conventions and meetingsPrograms $9,803 · Management $9,089$18,892
IX-22 Depreciation, depletion and amortizationManagement $3,721$3,721
IX-23 InsuranceManagement $4,034$4,034
IX-24 Other expenses (24a–d)Programs $44,890 · Management $597$45,487
IX-25 Total functional expensesPrograms $68,952 · Management $223,289 · Fundraising $0$292,241
Part X · Balance sheet $558,599 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $279,762$275,844
X-4 Accounts receivableStart of year $119,647$168,530
X-9 Prepaid expenses and deferred chargesStart of year $68,600$40,924
X-11 Publicly traded securitiesStart of year $62,732$73,301
X-16 Total assetsStart of year $530,741$558,599
X-17 Accounts payable and accrued expensesStart of year $26,942$3,536
X-19 Deferred revenueStart of year $251,495$209,640
X-25 Other liabilitiesStart of year $4,113$12,566
X-26 Total liabilitiesStart of year $282,550$225,742
X-32 Total net assets or fund balancesStart of year $248,191$332,857
X-33 Total liabilities and net assetsStart of year $530,741$558,599
Part XI · Reconciliation of net assets $332,857 net assets at year end
XI-1 Total revenue$376,907
XI-2 Total expenses$292,241
XI-3 Revenue less expenses$84,666
XI-4 Net assets at start of year$248,191
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$332,857

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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