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Private Equity Foundation I INC

Tax-deductible

New York, NY501(c)(3)Foundations & GrantmakersEIN 43-2116245Revenue $185K in FY2024

On file with the IRS1350 Ave of the Americas Fl2 Ste266, 10019-4703 · New York, NYTax-exempt since Oct 2007Publicly supported charity — 170(b)(1)(A)(vi)

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To support individuals in disadvantaged communities, enabling them to achieve a sense of self-worth and personal success. Their talents as developed can benefit society.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $121K a year · 96% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
647 mo
of spending, in cash
Looks good: 646.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100K
Fine: 1 funder names it on their filings; under 3.
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
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$185K
+50% vs prior year
Spent
$16K
To programs
0%
Net assets
$852K
By yearFY2020–FY2024
Revenue
$185K
FY2024▲ +50%
Tap a bar for its year
Revenue by fiscal year
FY2020$89K
FY2021$187K
FY2022$72K
FY2023$123K
FY2024$185K
Expenses
$16K
FY2024▲ ×1054
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$90
FY2023$15
FY2024$16K
Net assets
$852K
FY2024▲ +25%
Tap a bar for its year
Net assets by fiscal year
FY2020$300K
FY2021$488K
FY2022$559K
FY2023$683K
FY2024$852K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2007.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $16K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Nathaniel Sloane
Resigned '24
$0Pt VII · Sec A
Karl Peterson
Resigned '24
$0Pt VII · Sec A
$0Pt VII · Sec A
Nancy Bikson
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Private Equity Foundation I 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

Empowers disadvantaged individuals to build self-worth and achieve success, benefiting society.

Questions for Private Equity Foundation I INC

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Provided by the organization

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1 program · in their own filed words · FY2024
01

To support individuals in disadvantaged communities, enabling them to achieve a sense of self-worth and personal success. Their talents, as developed, can benefit society.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Boston Foundation INCFY2024$100K
Total grants receivedfrom 1 funder$100K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$185K
Ln 12
Gifts and grantsLn 1h$185K
Money outPt IX
$16K
Ln 25
Managementcol C$16K
Owns and owesPt X
$852K
net assets · Ln 32
Cash and savingsLn 1–2$852K
Total assetsLn 16$852K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$185K
Total revenueLn 12$185K
Assets in detailPt X, end of year
CashLn 1$852K
Cash and savings togetherLn 1–2$852K
Total assetsLn 16$852K
LiabilitiesLn 26$0
Net assetsLn 32$852K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$683K$852K
Total assetsLn 16$683K$852K
LiabilitiesLn 26$0$0
Net assetsLn 32$683K$852K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$14K$14K
Accounting feesLn 11c$1K$1K
Other expenses (24a–d)Ln 24$260$260
Total functional expensesLn 25$16K$0$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $185K$16K$169K$852K 990 PDF
FY2023 $123K$15$123K$683K 990 PDF
FY2022 $72K$90$72K$559K 990 PDF
FY2021 $187K$488K 990 PDF
FY2020 $89K$300K 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
See the full FY2024 990 (6 parts)
Part I · Summary $185,141 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $123,250$185,141
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $123,250$185,141
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $15$15,808
I-18 Total expensesPrior year $15$15,808
I-19 Revenue less expensesPrior year $123,235$169,333
Part VI · Governance 2 of 2 board members independent, 1 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $185,141 across 3 lines filed
VIII-1f All other contributions, gifts and grants$185,141
VIII-1h Total contributions, gifts and grants$185,141
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$185,141
Part IX · Statement of functional expenses $15,808 across 3 lines filed
IX-11a Management feesManagement $14,276$14,276
IX-11c Accounting feesManagement $1,272$1,272
IX-24 Other expenses (24a–d)Management $260$260
IX-25 Total functional expensesPrograms $0 · Management $15,808 · Fundraising $0$15,808
Part X · Balance sheet $852,043 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $682,710$852,043
X-16 Total assetsStart of year $682,710$852,043
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $682,710$852,043
X-32 Total net assets or fund balancesStart of year $682,710$852,043
X-33 Total liabilities and net assetsStart of year $682,710$852,043
Part XI · Reconciliation of net assets $852,043 net assets at year end
XI-1 Total revenue$185,141
XI-2 Total expenses$15,808
XI-3 Revenue less expenses$169,333
XI-4 Net assets at start of year$682,710
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$852,043

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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