Patriot Boot Camp FY2021 filing

Denver, COUnknown exempt organizationEIN 47-2000389Revenue $364K in FY2021

On file with the IRSpatriotbootcamp.org1050 Walnut St Ste 202 · Denver, CO

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Helping military veterans and spouses build technology companies

72¢ of each $1 spent went to programs.
$125K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average deficit $18K a year · 6% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$125K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $82
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$170K
128% of total assets
Concern: liabilities are 128% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$364K
-23% vs prior year
Spent
$483K
To programs
72%
Net assets
−$37K
By yearFY2020–FY2022
Revenue
$364K
FY2021▼ -23%
Tap a bar for its year
Revenue by fiscal year
FY2020$470K
FY2021$364K
FY2022$129K
Expenses
$483K
FY2021▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$440K
FY2021$483K
FY2022$92K
Net assets
−$37K
FY2021▼ -145%
Tap a bar for its year
Net assets by fiscal year
FY2020$83K
FY2021−$37K
FY2022$0

From the FY2021 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $350K Management & general 24% · $115K Fundraising 4% · $18K

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

8 people listed on the 990; $125K paid to officers and key staff.

Part VII, Section A · reportable compensation
$124,923Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Jen Pilcher$124,923$130,000

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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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 15aYes

Programs and updates

Helps veterans and spouses launch technology businesses.

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Provided by the organization

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1 program · $350K · in their own filed words · FY2021
01

The objective of PBC is to provide service members, veterans, and their spouses with access to mentors, educational programming, and a robust community of experts and peers to help them innovate and build the next generation of high-growth, scalable and impactful companies.

$350Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$82
Grants paid · 1 grant · $65K · 2022–2022
Disabled American VeteransKY · FY2022$65,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$364K
Ln 12
Gifts and grantsLn 1h$364K
Investment incomeLn 3$23
Money outPt IX
$483K
Ln 25
Programscol B$350K
Managementcol C$115K
Fundraisingcol D$18K
Owns and owesPt X
−$37K
net assets · Ln 32
Cash and savingsLn 1–2$127K
Total assetsLn 16$133K
LiabilitiesLn 26$170K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$364K
Government grantsLn 1e$122K
Investment incomeLn 3$23
Total revenueLn 12$364K
Assets in detailPt X, end of year
CashLn 1$127K
Cash and savings togetherLn 1–2$127K
Other assetsLn 15$6K
Total assetsLn 16$133K
LiabilitiesLn 26$170K
Net assetsLn 32−$37K
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$285K$127K
Total assetsLn 16$296K$133K
LiabilitiesLn 26$213K$170K
Net assetsLn 32$83K−$37K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$600$600
Other salaries and wagesLn 7$383K$292K$74K$17K
Other employee benefitsLn 9$5K$5K
Payroll taxesLn 10$27K$21K$5K$1K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$23K$23K
Other fees for servicesLn 11g$7K$5K$1K$30
Information technologyLn 14$3K$3K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$29K$27K$1K
All other expensesLn 24e$90$90
Total functional expensesLn 25$483K$350K$115K$18K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $129K$92K$37K$0 990 PDF
FY2021 Viewing $364K$483K−$120K−$37K 990 PDF
FY2020 $470K$440K$29K$83K 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 FY2021 990 (6 parts)
Part I · Summary $363,819 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $469,369$363,796
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $133$23
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $469,502$363,819
I-13 Grants and similar amounts paidPrior year $0$600
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $379,840$415,255
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $60,470$67,593
I-18 Total expensesPrior year $440,310$483,448
I-19 Revenue less expensesPrior year $29,192−$119,629
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $363,819 across 5 lines filed
VIII-1e Government grants$122,270
VIII-1f All other contributions, gifts and grants$241,526
VIII-1h Total contributions, gifts and grants$363,796
VIII-3 Investment incomeUnrelated business $23$23
VIII-12 Total revenueRelated to mission $0 · Unrelated business $23 · Excluded from tax $0$363,819
Part IX · Statement of functional expenses $483,448 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $600$600
IX-7 Other salaries and wagesPrograms $292,113 · Management $74,089 · Fundraising $16,913$383,115
IX-9 Other employee benefitsManagement $4,917$4,917
IX-10 Payroll taxesPrograms $20,607 · Management $5,322 · Fundraising $1,294$27,223
IX-11b Legal feesManagement $5,000$5,000
IX-11c Accounting feesManagement $22,939$22,939
IX-11g Other fees for servicesPrograms $5,468 · Management $1,209 · Fundraising $30$6,707
IX-14 Information technologyPrograms $3,119$3,119
IX-23 InsurancePrograms $1,061$1,061
IX-24 Other expenses (24a–d)Programs $27,233 · Management $1,444$28,677
IX-24e All other expensesManagement $90$90
IX-25 Total functional expensesPrograms $350,201 · Management $115,010 · Fundraising $18,237$483,448
Part X · Balance sheet $132,911 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $285,224$127,296
X-15 Other assetsStart of year $10,623$5,615
X-16 Total assetsStart of year $295,847$132,911
X-17 Accounts payable and accrued expenses$39,155
X-19 Deferred revenueStart of year $206,248$128,746
X-25 Other liabilitiesStart of year $7,068$2,108
X-26 Total liabilitiesStart of year $213,316$170,009
X-32 Total net assets or fund balancesStart of year $82,531−$37,098
X-33 Total liabilities and net assetsStart of year $295,847$132,911
Part XI · Reconciliation of net assets −$37,098 net assets at year end
XI-1 Total revenue$363,819
XI-2 Total expenses$483,448
XI-3 Revenue less expenses−$119,629
XI-4 Net assets at start of year$82,531
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$37,098

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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