Puzzle Pieces INC FY2024 filing

Tax-deductible

Owensboro, KY501(c)(3)Since 2011Human ServicesEIN 45-3042804Revenue $5.7M in FY2024

On file with the IRSpuzzle-pieces.org2401 New Hartford Rd, 42303-1312 · Owensboro, KYTax-exempt since Jan 2012Publicly supported charity — 170(b)(1)(A)(vi)

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Puzzle Pieces, INC. Was created as a non-profit entity for the purpose of providing a safe and structured activity center for individuals who have intellectual disabilities and to promote independence, life skills, community involvement, social interaction, communication, and most importantly to build trusting relationships betweeen clients, staff and families.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
4 of 6
filings with a surplus
Average surplus $211K a year · 5% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $61K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.9M
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.7M
+5% vs prior year
Spent
$5.7M
To programs
84%
Net assets
$2.0M
By yearFY2020–FY2025
Revenue
$5.7M
FY2024▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.1M
FY2021$3.2M
FY2022$3.7M
FY2023$5.4M
FY2024$5.7M
FY2025$6.5M
Expenses
$5.7M
FY2024▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$2.7M
FY2022$3.7M
FY2023$4.5M
FY2024$5.7M
FY2025$6.3M
Net assets
$2.0M
FY2024▼ -0.5%
Tap a bar for its year
Net assets by fiscal year
FY2020$579K
FY2021$1.0M
FY2022$1.1M
FY2023$2.0M
FY2024$2.0M
FY2025$2.1M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2012.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $4.8M Management & general 15% · $867K Fundraising 1% · $67K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Puzzle Pieces 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

Offers safe activities and life skills training to promote independence and community involvement for individuals with intellectual disabilities.

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Provided by the organization

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1 program · $4.8M · in their own filed words · FY2023
01

Providing a safe and structured activity center for individuals who have intellectual disabilities and to promote independence, life skills, community involvement, social interaction, communication, and most importantly to build trusting relationships between clients, staff and families.

$4.8Mprogram expense

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
Total grants receivedfrom 3 funders$61K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5.7M
Ln 12
Fees for servicesLn 2g$5.3M
Other incomeLn 4–11$219K
Gifts and grantsLn 1h$186K
Money outPt IX
$5.7M
Ln 25
Programscol B$4.8M
Managementcol C$867K
Fundraisingcol D$67K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$4.9M
LiabilitiesLn 26$2.9M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$186K
Noncash giftsLn 1g$11K
Fees for servicesLn 2g$5.3M
Investment incomeLn 3$33K
Other incomeLn 4–11$219K
Gains on assetsLn 7−$122
Total revenueLn 12$5.7M
Assets in detailPt X, end of year
CashLn 1$1.4M
Cash and savings togetherLn 1–2$1.4M
Land, buildings, equipmentLn 10c$355K
Other assetsLn 15$2.8M
Total assetsLn 16$4.9M
LiabilitiesLn 26$2.9M
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 5136
VolunteersI 6100
Fiscal year endsHeaderJune
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 FY24End FY24
Cash and savingsLn 1–2$1.5M$1.4M
Land, buildings, equipmentLn 10c$185K$355K
Total assetsLn 16$5.2M$4.9M
LiabilitiesLn 26$3.3M$2.9M
Net assetsLn 32$2.0M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$3.3M$2.7M$573K$49K
Other employee benefitsLn 9$94K$77K$15K$2K
Payroll taxesLn 10$252K$204K$44K$4K
Accounting feesLn 11c$14K$14K
Advertising and promotionLn 12$3K$446$2K
Office expensesLn 13$4K$4K$4
OccupancyLn 16$1.0M$886K$153K$8K
Depreciation, depletion and amortizationLn 22$35K$26K$8K$702
Other expenses (24a–d)Ln 24$956K$909K$47K$0
All other expensesLn 24e$21K$11K$8K$1K
Total functional expensesLn 25$5.7M$4.8M$867K$67K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.5M$6.3M$187K$2.1M 990 PDF
FY2024 Viewing $5.7M$5.7M−$10K$2.0M 990 PDF
FY2023 $5.4M$4.5M$904K$2.0M 990 PDF
FY2022 $3.7M$3.7M$39K$1.1M 990 PDF
FY2021 $3.2M$2.7M$446K$1.0M 990 PDF
FY2020 $2.1M$2.4M−$302K$579K 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 $5,706,968 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $731,874$186,286
I-9 Program service revenuePrior year $4,503,601$5,268,806
I-10 Investment incomePrior year −$287$32,963
I-11 Other revenuePrior year $198,342$218,913
I-12 Total revenuePrior year $5,433,530$5,706,968
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 $2,990,911$3,636,857
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,538,919$2,080,596
I-18 Total expensesPrior year $4,529,830$5,717,453
I-19 Revenue less expensesPrior year $903,700−$10,485
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $5,706,968 across 9 lines filed
Lines not itemized here account for $16,683 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$186,286
VIII-1g Noncash contributions (included above)$11,232
VIII-1h Total contributions, gifts and grants$186,286
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,268,806$5,268,806
VIII-3 Investment incomeExcluded from tax $33,085$33,085
VIII-7 Net gain or loss on sales of assetsRelated to mission −$122−$122
VIII-8 Net income from fundraising eventsExcluded from tax $198,915$198,915
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,315$3,315
VIII-12 Total revenueRelated to mission $5,288,682 · Unrelated business $0 · Excluded from tax $232,000$5,706,968
Part IX · Statement of functional expenses $5,717,453 across 10 lines filed
IX-7 Other salaries and wagesPrograms $2,668,693 · Management $572,703 · Fundraising $49,252$3,290,648
IX-9 Other employee benefitsPrograms $77,001 · Management $15,280 · Fundraising $1,520$93,801
IX-10 Payroll taxesPrograms $204,450 · Management $43,920 · Fundraising $4,038$252,408
IX-11c Accounting feesManagement $13,650$13,650
IX-12 Advertising and promotionManagement $446 · Fundraising $2,376$2,822
IX-13 Office expensesManagement $4,326 · Fundraising $4$4,330
IX-16 OccupancyPrograms $885,721 · Management $153,398 · Fundraising $8,442$1,047,561
IX-22 Depreciation, depletion and amortizationPrograms $26,328 · Management $8,075 · Fundraising $702$35,105
IX-24 Other expenses (24a–d)Programs $909,349 · Management $46,831 · Fundraising $0$956,180
IX-24e All other expensesPrograms $11,478 · Management $8,388 · Fundraising $1,082$20,948
IX-25 Total functional expensesPrograms $4,783,020 · Management $867,017 · Fundraising $67,416$5,717,453
Part X · Balance sheet $4,882,509 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,528,311$1,357,378
X-3 Pledges and grants receivableStart of year $110,000$5,000
X-4 Accounts receivableStart of year $322,552$385,375
X-8 Inventories for sale or useStart of year $738$2,969
X-9 Prepaid expenses and deferred chargesStart of year $39,083$15,272
X-10c Land, buildings and equipment, netStart of year $185,354$355,420
X-15 Other assetsStart of year $3,056,685$2,761,095
X-16 Total assetsStart of year $5,242,723$4,882,509
X-17 Accounts payable and accrued expensesStart of year $231,721$177,582
X-25 Other liabilitiesStart of year $3,042,459$2,746,869
X-26 Total liabilitiesStart of year $3,274,180$2,924,451
X-27 Net assets without donor restrictionsStart of year $1,954,270$1,948,235
X-28 Net assets with donor restrictionsStart of year $14,273$9,823
X-32 Total net assets or fund balancesStart of year $1,968,543$1,958,058
X-33 Total liabilities and net assetsStart of year $5,242,723$4,882,509
Part XI · Reconciliation of net assets $1,958,058 net assets at year end
XI-1 Total revenue$5,706,968
XI-2 Total expenses$5,717,453
XI-3 Revenue less expenses−$10,485
XI-4 Net assets at start of year$1,968,543
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,958,058

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

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