The Please Foundation EIN 26-1662327 Form 990 (PDF) Claim this org

The Please Foundation FY2022 filing

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Empowers at-risk students with mentoring, training, and scholarships for college success. For fiscal year 2022 it reported $756K in revenue, $897K in expenses, and $110K in net assets.Pt I

Type
Public charity (501(c)(3)) · Youth Development
Location
New Orleans, LA
Website
www.pleasefoundation.org
Filings
5 on file (2020–2022)
Revenue
$756KFY2022
Expenses
$897K
Net assets
$110K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-1662327 Public charity (501(c)(3)) New Orleans, LA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Empowers at-risk students with mentoring, training, and scholarships for college success.
Leadership
Mark Woods JR · Secretary
Money in and out
$756K revenue, $897K expenses
Bottom line
84% program efficiency
Where the money goes · FY2022
Total revenue
$756K
Pt VIII · Ln 12
Total expenses
$897K
Pt IX · Ln 25
Net assets
$110K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$141K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.16
Program efficiency
84%
of spending reaches programs
Operating runway
1.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-19%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$756K
FY2022▲ +58%
Expenses
$897K
FY2022▲ +194%
Total assets
$111K
FY2022▼ -56%
Total liabilities
$2K
FY2022▼ -57%
Total revenue
$756K
Pt VIII · Ln 12
Total expenses
$897K
Pt IX · Ln 25
Net assets
$110K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$141K
Total assetsPt X · Ln 16$111K
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $750K of program spending, described in the organization's own filed words · FY2022.
01

Educational Scholarships

$750Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Please Foundation
EINHdr · item D26-1662327
Principal addressHdr · item CNew Orleans, LA
WebsiteHdr · item Jwww.pleasefoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MLA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFSep 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See The Please Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants100%$756K
Investment income$453
Total revenueLn 12$756K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.16
Program services84%$750K
Management & general16%$147K
Total functional expensesLn 25$897K

Balance Sheet

Part X · end of year
CashLn 1$111K
Total assetsLn 16$111K
Total liabilitiesLn 26$2K
Total net assetsLn 32$110K
Months of cash on handcomputed1.5

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $111K · Operating expenses/yr $897K
1.5 months
Where the money goes
Program services
Program services $750K · Total expenses $897K
84%
Management & General
Management & general $147K · Total expenses $897K
16%
Fundraising
Fundraising $0 · Total expenses $897K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $10K · Solicited contributions (3-yr avg) $481K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $756K · Total revenue $756K
100%
Government reliance
Government grants — · Total revenue $756K
Earned-income share
Program service revenue $0 · Total revenue $756K
0%
Investment reliance
Investment income $453 · Total revenue $756K
+0.06%
Program self-sufficiency
Program service revenue $0 · Total expenses $897K
0%
Growth & trend
Revenue growth (YoY)
This year $756K · Prior year $478K
+58%
Net-asset trend (YoY)
End of year $110K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $756K · Expenses $897K
-19%
Liabilities-to-Assets
Total liabilities — · Total assets $111K
Net-asset ratio
Net assets $110K · Total assets $111K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $111K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mark Woods JR · Reported title Secretary · Highest reported compensation $0 · Total expenses $897K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $105K · Total expenses $897K
12%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 16%
Fundraising cost ratio 0%
Revenue growth 58%
Accounting fee ratio 0.5%

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.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$12K
Grants paid · 5 grants · $683K · 2020–2024
Unitemized GrantFY2024$141,022
Unitemized GrantFY2023$115,175
Unitemized GrantFY2022$217,147
Unitemized GrantFY2021$42,469
Unitemized GrantFY2020$167,315

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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)$1.1M revenue · ⤓ 990 PDF
FY2023$1.0M revenue · ⤓ 990 PDF
FY2022$756K revenue · viewing · ⤓ 990 PDF
FY2021$478K revenue · ⤓ 990 PDF
FY2020$246K 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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