Penedo Charitable Organization FY2022 filing

Chicago, ILUnknown exempt organization EIN 26-4036381Revenue $35K in FY2022Latest return filed Jul 23, 2024

On file with the IRSpenedocharitable.com20 N Michigan Ave Ste 210 210 · Chicago, IL

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The mission of the Penedo Charitable Organization is to educate girls to become women of knowledge, women of service and women of faith. The Organization will DO this by identifying at-risk middle school girls and guiding them through a mentoring sequence that provides them with sustained tutoring, resources and financial support to a selected college, university or vocational education program.

100¢ of each $1 spent went to programs.
$16K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $2K a year · 5% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$16K
to officers and key staff · 60% of spending
Concern: pay to officers and key staff is 60% of spending; over 30%.
Pt VII · Sec A
8 mo
of spending, in cash
Looks good: 7.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $15K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$35K
-11% vs prior year
Spent
$27K
To programs
100%
Net assets
$17K
By yearFY2020–FY2023
Revenue
$35K
FY2022▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$89K
FY2021$39K
FY2022$35K
FY2023$24K
Expenses
$27K
FY2022▼ -65%
Tap a bar for its year
Expenses by fiscal year
FY2020$52K
FY2021$77K
FY2022$27K
FY2023$41K
Net assets
$17K
FY2022▲ +88%
Tap a bar for its year
Net assets by fiscal year
FY2020$46K
FY2021$9K
FY2022$17K
FY2023$0

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $27K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $16K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$16,269Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2023FY2022FY2021FY2020
Onelia J Berringer$24,801$16,269$30,000$25,231

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 Penedo Charitable Organization 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

Guides at-risk middle school girls through mentoring, tutoring, and financial support for college or vocational programs.

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1 program · $27K · in their own filed words · FY2022
01

Pco provides academic, social, emotional, and mentoring support to at-risk girls in chicago's edgewater community. The organization currently services 10 young women after school monday through thursday and saturdays throughout the school year.

$27Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 3 funders$15K
See all 3 funders →
Grants paid · 1 grant · $30K · 2021–2021
Depaul UniversityIL · FY2021$30,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$35K
Ln 12
Gifts and grantsLn 1h$29K
Other incomeLn 4–11$6K
Money outPt IX
$27K
Ln 25
Programscol B$27K
Owns and owesPt X
$17K
net assets · Ln 32
Cash and savingsLn 1–2$17K
Total assetsLn 16$17K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$29K
Other incomeLn 4–11$6K
Total revenueLn 12$35K
Assets in detailPt X, end of year
CashLn 1$17K
Cash and savings togetherLn 1–2$17K
Total assetsLn 16$17K
LiabilitiesLn 26$0
Net assetsLn 32$17K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$14K$17K
Total assetsLn 16$14K$17K
LiabilitiesLn 26$6K$0
Net assetsLn 32$9K$17K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$16K$16K
Payroll taxesLn 10$6K$6K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$1K$1K
Office expensesLn 13$301$301
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$27K$27K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS Jul 23, 2024 $24K$41K−$17K$0 990 PDF
FY2022 ViewingFiled with the IRS Nov 15, 2023 $35K$27K$8K$17K 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $39K$77K−$37K$9K 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $89K$52K$37K$46K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $34,773 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $39,189$29,253
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$5,520
I-12 Total revenuePrior year $39,189$34,773
I-13 Grants and similar amounts paidPrior year $30,000$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $34,964$21,935
I-16a Professional fundraising feesPrior year $5,800$0
I-17 Other expensesPrior year $5,866$5,002
I-18 Total expensesPrior year $76,630$26,937
I-19 Revenue less expensesPrior year −$37,441$7,836
Part VI · Governance 0 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $34,773 across 4 lines filed
VIII-1f All other contributions, gifts and grants$29,253
VIII-1h Total contributions, gifts and grants$29,253
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,520$5,520
VIII-12 Total revenueRelated to mission $5,520 · Unrelated business $0 · Excluded from tax $0$34,773
Part IX · Statement of functional expenses $26,937 across 6 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $16,269$16,269
IX-10 Payroll taxesPrograms $5,666$5,666
IX-11c Accounting feesPrograms $2,025$2,025
IX-11g Other fees for servicesPrograms $1,303$1,303
IX-13 Office expensesPrograms $301$301
IX-24 Other expenses (24a–d)Programs $1,373$1,373
IX-25 Total functional expensesPrograms $26,937 · Management $0 · Fundraising $0$26,937
Part X · Balance sheet $16,776 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $14,460$16,776
X-16 Total assetsStart of year $14,460$16,776
X-25 Other liabilitiesStart of year $5,520$0
X-26 Total liabilitiesStart of year $5,520$0
X-32 Total net assets or fund balancesStart of year $8,940$16,776
X-33 Total liabilities and net assetsStart of year $14,460$16,776
Part XI · Reconciliation of net assets $16,776 net assets at year end
XI-1 Total revenue$34,773
XI-2 Total expenses$26,937
XI-3 Revenue less expenses$7,836
XI-4 Net assets at start of year$8,940
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$16,776

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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