Pan Fire INC FY2020 filing

Jonesboro, ARUnknown exempt organizationSince 2010 EIN 27-2414230Revenue $977K in FY2020

On file with the IRSfujisteakhousejonesboro.com2810 E Highland Drive Suite G · Jonesboro, AR

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Operate a social club in which alcoholic beverages are sold in a dining environment.

$131K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
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
5 of 6
filings with a surplus
Average surplus $76K a year · 18% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$131K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$757K
98% of total assets
Concern: liabilities are 98% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$977K
Spent
$977K
To programs
0%
Net assets
$13K
By yearFY2020–FY2025
Revenue
$977K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$977K
FY2021$811K
FY2022$351K
FY2023$435K
FY2024$0
FY2025$21K
Expenses
$977K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$977K
FY2021$808K
FY2022$353K
FY2023$0
FY2024$0
FY2025$0
Net assets
$13K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$13K
FY2021$123K
FY2022$472K
FY2023$907K
FY2024$907K
FY2025$928K

From the FY2020 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Who runs it and what they're paid

3 people listed on the 990; $131K paid to officers and key staff.

Part VII, Section A · reportable compensation
Vice Preside
$71,100Pt VII · Sec A
President
$37,317Pt VII · Sec A
Secretary/Tr
$23,073Pt VII · Sec A
See Pan Fire 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

Sells alcoholic beverages in a dining environment for a social club.

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1 program · in their own filed words · FY2020
01

Operate a social club in which alcoholic beverages are sold in a dining environment.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$977K
Ln 12
Other incomeLn 4–11$821K
Gifts and grantsLn 1h$155K
Money outPt IX
$977K
Ln 25
Owns and owesPt X
$13K
net assets · Ln 32
Cash and savingsLn 1–2$425K
Total assetsLn 16$770K
LiabilitiesLn 26$757K
PeoplePt VI, VII
3
listed · VII A
PaidVII A3
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$155K
Government grantsLn 1e$155K
Other incomeLn 4–11$821K
Total revenueLn 12$977K
Assets in detailPt X, end of year
CashLn 1$425K
Cash and savings togetherLn 1–2$425K
Land, buildings, equipmentLn 10c$156K
Total assetsLn 16$770K
LiabilitiesLn 26$757K
Net assetsLn 32$13K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$100K$425K
Land, buildings, equipmentLn 10c$170K$156K
Total assetsLn 16$460K$770K
LiabilitiesLn 26$440K$757K
Net assetsLn 32$19K$13K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$131K
Management feesLn 11a$266K
Accounting feesLn 11c$23K
Advertising and promotionLn 12$11K
Office expensesLn 13$74K
OccupancyLn 16$225K
Depreciation, depletion and amortizationLn 22$8K
InsuranceLn 23$16K
Other expenses (24a–d)Ln 24$219K
All other expensesLn 24e$3K
Total functional expensesLn 25$977K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $21K$0$21K$928K 990 PDF
FY2024 $0$0$0$907K 990 PDF
FY2023 $435K$0$435K$907K 990 PDF
FY2022 $351K$353K−$3K$472K 990 PDF
FY2021 $811K$808K$3K$123K 990 PDF
FY2020 Viewing $977K$977K$0$13K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $976,568 revenue, 12 lines filed
I-8 Contributions and grants$155,320
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $928,427$821,248
I-12 Total revenuePrior year $928,427$976,568
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $203,686$131,490
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $726,108$845,078
I-18 Total expensesPrior year $929,794$976,568
I-19 Revenue less expensesPrior year −$1,367$0
Part VI · Governance 0 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $976,568 across 3 lines filed
Lines not itemized here account for $821,248 of total revenue; see the IRS return.
VIII-1e Government grants$155,320
VIII-1h Total contributions, gifts and grants$155,320
VIII-12 Total revenueRelated to mission $821,248$976,568
Part IX · Statement of functional expenses $976,568 across 10 lines filed
IX-5 Pay of current officers, directors and key staff$131,490
IX-11a Management fees$265,632
IX-11c Accounting fees$22,647
IX-12 Advertising and promotion$11,200
IX-13 Office expenses$74,158
IX-16 Occupancy$225,311
IX-22 Depreciation, depletion and amortization$7,764
IX-23 Insurance$16,025
IX-24 Other expenses (24a–d)$219,350
IX-24e All other expenses$2,991
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$976,568
Part X · Balance sheet $769,616 assets, 8 lines filed
Asset lines not itemized here account for $189,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $100,346$424,953
X-10c Land, buildings and equipment, netStart of year $170,227$155,663
X-16 Total assetsStart of year $459,573$769,616
X-17 Accounts payable and accrued expensesStart of year $103,553$182,839
X-25 Other liabilitiesStart of year $336,686$574,243
X-26 Total liabilitiesStart of year $440,239$757,082
X-32 Total net assets or fund balancesStart of year $19,334$12,534
X-33 Total liabilities and net assetsStart of year $459,573$769,616
Part XI · Reconciliation of net assets $12,534 net assets at year end
XI-1 Total revenue$976,568
XI-2 Total expenses$976,568
XI-3 Revenue less expenses$0
XI-4 Net assets at start of year$19,334
XI-9 Other changes in net assets−$6,800
XI-10 Net assets at end of year$12,534

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

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