Operation of a summer academic enrichment program for students

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$30K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $23K a year · 8% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$30K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$133K
Spent
$184K
To programs
93%
Net assets
$57K
By yearFY2020–FY2025
Revenue
$133K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$133K
FY2021$118K
FY2022$2K
FY2023$462K
FY2024$471K
FY2025$523K
Expenses
$184K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$184K
FY2021$138K
FY2022$17K
FY2023$368K
FY2024$439K
FY2025$426K
Net assets
$57K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$57K
FY2021$37K
FY2022$22K
FY2023$115K
FY2024$146K
FY2025$243K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2012-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Oct 2014.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $170K Management & general 7% · $14K

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

4 people listed on the 990; $30K paid to officers and key staff.

Part VII, Section A · reportable compensation
$30,000Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Susan Warren’s $22K as CFO is at the 16th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2021FY2020
Susan Warren$22,500$30,000

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 Pt Education INC DBA Project Think 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

Provides summer academic enrichment programs for students.

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Provided by the organization

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1 program · $170K · in their own filed words · FY2020
01

PT education operates a summer academic enrichment program for students in the kindergarten through the 8TH GRADE.HELD in two three week sessions,the program is designed to stimulate and motivate students to embrace a wide variety of interests.

$170Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$133K
Ln 12
Fees for servicesLn 2g$133K
Money outPt IX
$184K
Ln 25
Programscol B$170K
Managementcol C$14K
Owns and owesPt X
$57K
net assets · Ln 32
Cash and savingsLn 1–2$57K
Total assetsLn 16$57K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$133K
Gains on assetsLn 7$0
Total revenueLn 12$133K
Assets in detailPt X, end of year
CashLn 1$57K
SavingsLn 2$0
Cash and savings togetherLn 1–2$57K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$57K
LiabilitiesLn 26$0
Net assetsLn 32$57K
OperationsPt I, VI
EmployeesI 545
VolunteersI 693
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 FY20End FY20
Cash and savingsLn 1–2$108K$57K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$108K$57K
LiabilitiesLn 26$0$0
Net assetsLn 32$108K$57K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$30K$30K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$66K$66K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$3K$3K
Payroll taxesLn 10$10K$10K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$8K$8K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$7K$6K$690
Office expensesLn 13$6K$5K$1K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$2K$2K$200
TravelLn 17$700$630$70
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$4K$3K$385
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$1K$952$50
Other expenses (24a–d)Ln 24$45K$43K$2K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$184K$170K$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $523K$426K$97K$243K 990 PDF
FY2024 $471K$439K$31K$146K 990 PDF
FY2023 $462K$368K$93K$115K 990 PDF
FY2022 $2K$17K−$15K$22K 990 PDF
FY2021 $118K$138K−$20K$37K 990 PDF
FY2020 Viewing $133K$184K−$51K$57K 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 FY2020 990 (6 parts)
Part I · Summary $132,743 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $312,088$132,743
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $312,088$132,743
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$109,135
I-16a Professional fundraising fees$0
I-17 Other expenses$74,630
I-18 Total expenses$183,765
I-19 Revenue less expensesPrior year $312,088−$51,022
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $132,743 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $132,743$132,743
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $132,743$132,743
Part IX · Statement of functional expenses $183,765 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $30,000$30,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $66,167$66,167
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $3,098$3,098
IX-10 Payroll taxesPrograms $9,870$9,870
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $8,113$8,113
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionPrograms $6,212 · Management $690$6,902
IX-13 Office expensesPrograms $5,045 · Management $1,043$6,088
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $1,800 · Management $200$2,000
IX-17 TravelPrograms $630 · Management $70$700
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $3,470 · Management $385$3,855
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $952 · Management $50$1,002
IX-24 Other expenses (24a–d)Programs $42,952 · Management $1,800$44,752
IX-24e All other expensesManagement $1,218$1,218
IX-25 Total functional expensesPrograms $170,196 · Management $13,569 · Fundraising $0$183,765
Part X · Balance sheet $56,778 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $107,500$56,778
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $107,500$56,778
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $107,500$56,778
X-33 Total liabilities and net assetsStart of year $107,500$56,778
Part XI · Reconciliation of net assets $56,778 net assets at year end
XI-1 Total revenue$132,743
XI-2 Total expenses$183,765
XI-3 Revenue less expenses−$51,022
XI-4 Net assets at start of year$107,500
XI-8 Prior period adjustments$300
XI-10 Net assets at end of year$56,778

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

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