Slco Pfs 1 INC FY2020 filing

Salt Lake City, UTUnknown exempt organization EIN 47-3854619Latest return filed Mar 1, 2024

On file with the IRS2257 South 1100 East Suite 205 · Salt Lake City, UT

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Promote certain pay for success programs within the community which assist the underprivileged including without limitation prisoners, women and children, and the homeless, and lessening the burdens of government.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $0 a year · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Liabilities
$6.7M
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
Spent
$0
Net assets
$0
By yearFY2020–FY2023
Revenue
$0
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
Expenses
$0
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
Net assets
$0
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Slco Pfs 1 INC executive salaries →

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

Improves lives of underprivileged people through innovative community programs, reducing government burdens.

Questions for Slco Pfs 1 INC

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1 program · in their own filed words · FY2020
01

The organization functions as the financial and legal intermediary for salt lake county's pay for success projects that promote programs to assist the underprivileged, including, without limitation, prisoners, women and children, and the homeless, lessening the burden of the government.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$0
Ln 25
Owns and owesPt X
$0
net assets · Ln 32
Cash and savingsLn 1–2$276K
Total assetsLn 16$6.7M
LiabilitiesLn 26$6.7M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
SavingsLn 2$276K
Cash and savings togetherLn 1–2$276K
Other assetsLn 15$6.5M
Total assetsLn 16$6.7M
LiabilitiesLn 26$6.7M
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$397K$276K
Total assetsLn 16$4.5M$6.7M
LiabilitiesLn 26$4.5M$6.7M
Net assetsLn 32$0$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Total functional expensesLn 25$0$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS Mar 1, 2024 $0$0$0$0 990 PDF
FY2022Filed with the IRS Aug 14, 2023 $0$0$0$0 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $0$0$0$0 990 PDF
FY2020 ViewingFiled with the IRS Nov 3, 2021 $0$0$0$0 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $0 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$0
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$0
I-18 Total expenses$0
I-19 Revenue less expenses$0
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $0 across 1 lines filed
VIII-12 Total revenue$0
Part IX · Statement of functional expenses $0 across 0 lines filed
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0
Part X · Balance sheet $6,730,000 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $397,017$276,291
X-15 Other assetsStart of year $4,055,805$6,453,709
X-16 Total assetsStart of year $4,455,000$6,730,000
X-26 Total liabilitiesStart of year $4,455,000$6,730,000
X-32 Total net assets or fund balancesStart of year $0$0
X-33 Total liabilities and net assetsStart of year $4,455,000$6,730,000
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$0
XI-3 Revenue less expenses$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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