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Polywogs Charities INC EIN 46-1681461

Polywogs Charities INC

EIN  46-1681461 Public foundation / grantmaker St Petersburg, FL Founded 2013
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Size
$100K–1M
What they do
Raises money for children's charities.
Leadership
Jeff Paonessa · President
Money in and out
$442K revenue, $332K expenses
Bottom line
99% program efficiency

Raises money for children's charities. For fiscal year 2025 it reported $442K in revenue, $332K in expenses, and $230K in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$442K
Pt VIII · Ln 12
Total expenses
$332K
Pt IX · Ln 25
Net assets
$230K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $109K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.00 Fundraising $0.00
Program efficiency
99%
of spending reaches programs0% vs prior filing year
Operating runway
8.6mo
months of highly liquid reserves at operating expense rate▲ +39% vs prior filing year
Surplus margin
+25%
revenue over expenses, this year▲ +15% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$442K
FY2025▲ +43%
Expenses
$332K
FY2025▲ +37%
Total assets
$230K
FY2025▲ +90%
Total liabilities
$0
FY2025
Total revenue
$442K
Pt VIII · Ln 12
Total expenses
$332K
Pt IX · Ln 25
Net assets
$230K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$109K
Total assetsPt X · Ln 16$230K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

1 program service account for $330K of program spending, described in the organization's own filed words · FY2025.
01

The organization supported six local 501(c)(3) charitable organizations with contributions of 45,000 each, and aother local 501(c)(3) charitable organization with 60,000.

$330Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPolywogs Charities INC
EINHdr · item D46-1681461
Principal addressHdr · item CSt Petersburg, FL
WebsiteHdr · item Jwww.thepolywogs.org
Year of formationHdr · item L2013
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFFeb 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Jeff Paonessa
President
$0Pt VII · Sec A
Phil Powell
Immed Past P
$0Pt VII · Sec A
Lee Martino
Vice Preside
$0Pt VII · Sec A
Michael Price
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Drew Toth
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Keith Begin
Director
$0Pt VII · Sec A
See Polywogs Charities INC executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$361K · 82%
Other revenue$71K · 16%
Investment income$9K · 2%
Contributions & grants82%$361K
Other revenue16%$71K
Investment income2%$9K
Total revenueLn 12$442K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.00 Fundraising $0.00
Program services99%$330K
Management & general$2K
Fundraising$829
Total functional expensesLn 25$332K

Balance Sheet

Part X · end of year
CashLn 1$230K
Total assetsLn 16$230K
Total liabilitiesLn 26$0
Total net assetsLn 32$230K
Months of cash on handcomputed8.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $230K · Operating expenses (Pt IX) $332K · Less non-cash grants $13K · Cash operating expenses/yr $320K
8.6 months
Where the money goes
Program services
Program services $330K · Total expenses $332K
99%
Management & General
Management & general $2K · Total expenses $332K
0%
Fundraising
Fundraising $829 · Total expenses $332K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $276 · Solicited contributions (3-yr avg) $287K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $361K · Total revenue $442K
82%
Government reliance
Government grants — · Total revenue $442K
—
Earned-income share
Program service revenue $0 · Total revenue $442K
0%
Investment reliance
Investment income $9K · Total revenue $442K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $332K
0%
Growth & trend
Revenue growth (YoY)
This year $442K · Prior year $309K
+43%
Revenue CAGR
FY2020 $161K · FY2025 $442K
+22%
Net-asset trend (YoY)
End of year $230K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $442K · Expenses $332K
+25%
Liabilities-to-Assets
Total liabilities — · Total assets $230K
—
Net-asset ratio
Net assets $230K · Total assets $230K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $230K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jeff Paonessa · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $332K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $332K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%——
Overhead ratio 0%——
Fundraising cost ratio 0%——
Revenue growth 43%——

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.

Grants

Schedule I · received and paid
Grants received · FY2024
Rostair FoundationFY2024$15K
Morgan Stanley Global Impact Funding Trust INCFY2024$5K
Godbold Foundation INCFY2024$250
Total grants receivedfrom 3 funders$20K
See all 3 funders →
Grants paid · 19 grants · $780K · 2023–2025
Copperhead Charities INCFL · FY2025$60,000
Ready for Life INCFL · FY2025$45,000
St Petersburg Free Clinic INCFL · FY2025$45,000
R Club Child Care INCFL · FY2025$45,000
Childrens Dream Fund INCFL · FY2025$45,000
Tftsp Youth Golf Council St Petersburg Florida INCFL · FY2025$45,000
Johns Hopkins All Children's Foundation INCMD · FY2025$45,000
Ready for Life INCFL · FY2024$40,000
St Petersburg Free Clinic INCFL · FY2024$40,000
R Club Child Care INCFL · FY2024$40,000
Childrens Dream Fund INCFL · FY2024$40,000
Tftsp Youth Golf Council St Petersburg Florida INCFL · FY2024$40,000
Johns Hopkins All Children's Foundation INCMD · FY2024$40,000
Tftsp Youth Golf Council St Petersburg Florida INCFL · FY2023$35,000
St Petersburg Free Clinic INCFL · FY2023$35,000
Ready for LifeFY2023$35,000
R Club Child Care INCFL · FY2023$35,000
Childrens Dream Fund INCFL · FY2023$35,000
See all 19 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$442K revenue · viewing · ⤓ 990 PDF
FY2024$309K revenue · ⤓ 990 PDF
FY2023$262K revenue · ⤓ 990 PDF
FY2022$146K revenue · ⤓ 990 PDF
FY2021$145K revenue · ⤓ 990 PDF
FY2020$161K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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