Pendleton INC EIN 26-1339779

Pendleton INC FY2022 filing

EIN  26-1339779 Mutual-benefit / member-serving Franklin, WV
Form 990 (PDF)
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Size
$100K–1M
What they do
Holds titles for related tax-exempt organizations.
Leadership
Greg Bowers · President
Money in and out
$279K revenue, $702K expenses
Bottom line
-152% surplus margin

Holds titles for related tax-exempt organizations. For fiscal year 2022 it reported $279K in revenue, $702K in expenses, and $13.4M in net assets.Pt I

Reported financial activity · FY2022
Total revenue
$279K
Pt VIII · Ln 12
Total expenses
$702K
Pt IX · Ln 25
Net assets
$13.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$423K
Surplus margin
-152%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$279K
FY2022▲ +4%
Expenses
$702K
FY2022▼ -4%
Total assets
$14.2M
FY2022▲ +2%
Total liabilities
$810K
FY2022▼ -30%
Total revenue
$279K
Pt VIII · Ln 12
Total expenses
$702K
Pt IX · Ln 25
Net assets
$13.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$423K
Total assetsPt X · Ln 16$14.2M
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2022.
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

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPendleton INC
EINHdr · item D26-1339779
Principal addressHdr · item CFranklin, WV
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWV
Exempt statusHdr · item I501(c)(2) · active
NTEE classificationIRS BMFCommunity Development (S47)
Ruling yearIRS BMFApr 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
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
Director
$0Pt VII · Sec A
See Pendleton INC executive salaries →

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Statement of Revenue

Part VIII
Program service revenue100%$278K
Investment income$327
Total revenueLn 12$279K

Balance Sheet

Part X · end of year
CashLn 1$475K
Total assetsLn 16$14.2M
Total liabilitiesLn 26$810K
Total net assetsLn 32$13.4M
Months of cash on handcomputed8.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $475K · Operating expenses/yr $702K
8.1 months
Where the money goes
Program services
Program services — · Total expenses $702K
Management & General
Management & general — · Total expenses $702K
Fundraising
Fundraising — · Total expenses $702K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $279K
0%
Government reliance
Government grants — · Total revenue $279K
Earned-income share
Program service revenue $278K · Total revenue $279K
100%
Investment reliance
Investment income $327 · Total revenue $279K
0%
Program self-sufficiency
Program service revenue $278K · Total expenses $702K
40%
Growth & trend
Revenue growth (YoY)
This year $279K · Prior year $269K
+4%
Net-asset trend (YoY)
End of year $13.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $279K · Expenses $702K
-152%
Liabilities-to-Assets
Total liabilities — · Total assets $14.2M
Net-asset ratio
Net assets $13.4M · Total assets $14.2M
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $14.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Greg Bowers · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $702K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $702K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 4%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$295K revenue · ⤓ 990 PDF
FY2023$304K revenue · ⤓ 990 PDF
FY2022$279K revenue · viewing · ⤓ 990 PDF
FY2021$269K revenue · ⤓ 990 PDF
FY2020$271K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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