P I Foundation FY2023 filing

Newton, IA · Public charity (501(c)(3)) · Housing

✓ Tax-deductible
Revenue
$1.2M
-9% vs prior year
Spent
$566K
To programs
74%
Net assets
$11.2M
By yearFY2020–FY2025
Revenue
$1.2M
FY2023▼ -9%
Revenue by fiscal year
FY2020$933K
FY2021$1.3M
FY2022$1.3M
FY2023$1.2M
FY2024$962K
FY2025$1.6M
Expenses
$566K
FY2023▼ -10%
Expenses by fiscal year
FY2020$559K
FY2021$591K
FY2022$626K
FY2023$566K
FY2024$652K
FY2025$855K
Net assets
$11.2M
FY2023▲ +9%
Net assets by fiscal year
FY2020$9.6M
FY2021$11.2M
FY2022$10.2M
FY2023$11.2M
FY2024$12.0M
FY2025$13.3M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CP I Foundation
EINHdr · item D42-1126653
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFSep 1979
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CNewton, IA
NTEE classificationIRS BMFHousing (L20)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.26 Fundraising $0.00
Program services74%$416K
Management & general26%$148K
Fundraising$2K
Total functional expensesLn 25$566K

Financial health

Is it on solid ground?

Program efficiency
74%
of spending reaches programs
Operating runway
179.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+52%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$11.9M
FY2023▲ +5%
Total assets by fiscal year
FY2020$10.6M
FY2021$12.1M
FY2022$11.3M
FY2023$11.9M
FY2024$12.3M
FY2025$13.3M
Total liabilities
$768K
FY2023▼ -30%
Total liabilities by fiscal year
FY2020$925K
FY2021$880K
FY2022$1.1M
FY2023$768K
FY2024$313K
FY2025$44K
Revenue less expensesPt I · Ln 19$607K
Total assetsPt X · Ln 16$11.9M
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 410

Balance Sheet

Part X · end of year
CashLn 1$494K
Total assetsLn 16$11.9M
Total liabilitiesLn 26$768K
Total net assetsLn 32$11.2M
Months of cash on handcomputed10.5

Statement of Revenue

Part VIII
Program service revenue$591K · 50%
Investment income$269K · 23%
Other revenue$240K · 21%
Contributions & grants$72K · 6%
Program service revenue50%$591K
Investment income23%$269K
Other revenue21%$240K
Contributions & grants6%$72K
Total revenueLn 12$1.2M

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $8.5M · Operating expenses/yr $566K
179.7 months
Where the money goes
Program services
Program services $416K · Total expenses $566K
74%
Management & General
Management & general $148K · Total expenses $566K
26%
Fundraising
Fundraising $2K · Total expenses $566K
0.3%
Cost to raise $1
Fundraising expense (3-yr avg) $3K · Solicited contributions (3-yr avg) $97K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $72K · Total revenue $1.2M
6%
Government reliance
Government grants — · Total revenue $1.2M
—
Earned-income share
Program service revenue $591K · Total revenue $1.2M
50%
Investment reliance
Investment income $269K · Total revenue $1.2M
+23%
Program self-sufficiency
Program service revenue $591K · Total expenses $566K
104%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $1.3M
-9%
Net-asset trend (YoY)
End of year $11.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $566K
+52%
Liabilities-to-Assets
Total liabilities — · Total assets $11.9M
—
Net-asset ratio
Net assets $11.2M · Total assets $11.9M
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $8.0M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $11.9M
67%
People & payroll
Highest Reported Total Compensation
Individual Sandra K Ham · Reported title PRESIDENT/CEO/ASST SECRETA · Highest reported compensation $30K · Total expenses $566K
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $112K · Total expenses $566K
20%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 74%——
Overhead ratio 26%——
Fundraising cost ratio 3%——
Revenue growth -9%——
Investment management fee ratio 0.5%——
Accounting fee ratio 4%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President/CEO/Asst Secreta
$30,164Pt VII · Sec A
Controller
$8,746Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A

Sandra K Ham’s $30K as President/CEO/Asst Secreta is at the 3rd percentile of top reported officer pay among 2036 $1–10M housing 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Sandra K Ham$29,617$28,603$30,164$29,345$28,925$30,905
Stefanie Squire$17,010$15,956$8,746$13,645$7,320$3,758
Mark Cahill—————$3,741

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.

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Governance & Policies

Part VI
  • 11Voting board membersPt VI · Ln 1a
  • 10Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Supports rehabilitation facilities helping individuals with disabilities.

Provided by the organization

This section is blank until P I Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

2 program services account for $416K of program spending, described in the organization's own filed words · FY2022.
01

Residential Housing

Provides housing for disabled individuals.

$285Kprogram expense
02

Residential and Rehabilitation Program

Provides space, equipment, and programming for the rehabilitation of disabled individuals

$131Kprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $1.6M$855K+71% 990 PDF
FY2024 $962K$652K-18% 990 PDF
FY2023 Viewing $1.2M$566K-9% 990 PDF
FY2022 $1.3M$626K-2% 990 PDF
FY2021 $1.3M$591K+42% 990 PDF
FY2020 $933K$559K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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