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Pendleton INC

Not tax-deductible

Franklin, WVMutual-benefit / member-servingCommunity Development EIN 26-1339779Revenue $295K in FY2024

On file with the IRSPo Box 700, 26807-0700 · Franklin, WVTax-exempt since Apr 2009

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Title holding corporation for related exempt organizations.

Mission: Form 990 Part I, line 1

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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
0 of 5
filings with a surplus
Average deficit $688K a year · 243% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Liabilities
$2.6M
18% of total assets
Looks good: liabilities are 18% 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
$295K
-3% vs prior year
Spent
$1.6M
Net assets
$11.8M
By yearFY2020–FY2024
Revenue
$295K
FY2024▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$271K
FY2021$269K
FY2022$279K
FY2023$304K
FY2024$295K
Expenses
$1.6M
FY2024▲ +46%
Tap a bar for its year
Expenses by fiscal year
FY2020$750K
FY2021$730K
FY2022$702K
FY2023$1.1M
FY2024$1.6M
Net assets
$11.8M
FY2024▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$11.6M
FY2021$12.9M
FY2022$13.4M
FY2023$12.6M
FY2024$11.8M

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2009.

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

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Greg Bowers
President
$0Pt VII · Sec A
Lynn Vandevander
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ann Bennett
Director
$0Pt VII · Sec A
See Pendleton 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 15aNo

Programs and updates

Holds titles for related tax-exempt organizations.

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1 program · in their own filed words · FY2024
01

Hold title to certain properties used by related charitable entities which provide facilities, care and services to the aged and infirmed in the pendleton county, WV and surrounding area.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$295K
Ln 12
Fees for servicesLn 2g$289K
Other incomeLn 4–11$6K
Investment incomeLn 3$39
Money outPt IX
$1.6M
Ln 25
Owns and owesPt X
$11.8M
net assets · Ln 32
Total assetsLn 16$14.5M
LiabilitiesLn 26$2.6M
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$289K
Investment incomeLn 3$39
Other incomeLn 4–11$6K
Total revenueLn 12$295K
Assets in detailPt X, end of year
CashLn 1$0
Land, buildings, equipmentLn 10c$14.5M
Total assetsLn 16$14.5M
LiabilitiesLn 26$2.6M
Net assetsLn 32$11.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$51K$0
Land, buildings, equipmentLn 10c$15.3M$14.5M
Total assetsLn 16$15.4M$14.5M
LiabilitiesLn 26$2.8M$2.6M
Net assetsLn 32$12.6M$11.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$19K
Information technologyLn 14$53
OccupancyLn 16$3K
InterestLn 20$137K
Depreciation, depletion and amortizationLn 22$976K
Other expenses (24a–d)Ln 24$451K
Total functional expensesLn 25$1.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $295K$1.6M−$1.3M$11.8M 990 PDF
FY2023 $304K$1.1M−$785K$12.6M 990 PDF
FY2022 $279K$702K−$423K$13.4M 990 PDF
FY2021 $269K$730K−$461K$12.9M 990 PDF
FY2020 $271K$750K−$479K$11.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $295,448 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $283,427$289,096
I-10 Investment incomePrior year $250$39
I-11 Other revenuePrior year $20,335$6,313
I-12 Total revenuePrior year $304,012$295,448
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,088,619$1,586,463
I-18 Total expensesPrior year $1,088,619$1,586,463
I-19 Revenue less expensesPrior year −$784,607−$1,291,015
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $295,448 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $289,096$289,096
VIII-3 Investment incomeRelated to mission $39$39
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,313$6,313
VIII-12 Total revenueRelated to mission $295,448 · Unrelated business $0 · Excluded from tax $0$295,448
Part IX · Statement of functional expenses $1,586,463 across 6 lines filed
IX-11c Accounting fees$18,896
IX-14 Information technology$53
IX-16 Occupancy$3,064
IX-20 Interest$137,280
IX-22 Depreciation, depletion and amortization$975,895
IX-24 Other expenses (24a–d)$451,275
IX-25 Total functional expenses$1,586,463
Part X · Balance sheet $14,470,965 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $50,643$0
X-4 Accounts receivableStart of year $24,870$479
X-10c Land, buildings and equipment, netStart of year $15,298,493$14,470,486
X-16 Total assetsStart of year $15,374,006$14,470,965
X-17 Accounts payable and accrued expensesStart of year $59,239$23,021
X-25 Other liabilitiesStart of year $660,362$133,144
X-26 Total liabilitiesStart of year $2,752,013$2,637,749
X-27 Net assets without donor restrictionsStart of year $12,621,993$11,833,216
X-32 Total net assets or fund balancesStart of year $12,621,993$11,833,216
X-33 Total liabilities and net assetsStart of year $15,374,006$14,470,965
Part XI · Reconciliation of net assets $11,833,216 net assets at year end
XI-1 Total revenue$295,448
XI-2 Total expenses$1,586,463
XI-3 Revenue less expenses−$1,291,015
XI-4 Net assets at start of year$12,621,993
XI-8 Prior period adjustments$2,238
XI-9 Other changes in net assets$500,000
XI-10 Net assets at end of year$11,833,216

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

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