Peter-Paul Development Center INC FY2020 filing

Tax-deductible

Richmond, VA501(c)(3)Since 1979Human ServicesEIN 54-1137164Revenue $2.5M in FY2020

On file with the IRSpeterpaulrva.org1708 N 22nd St, 23223-4432 · Richmond, VATax-exempt since May 1980Publicly supported charity — 170(b)(1)(A)(vi)

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Peter Paul Development Center is an outreach and community Center serving children and families in church hill and neighboring communities in richmond's east end. Founded by john coleman in 1979, Peter Paul is the oldest continually operating community Center in the area. The organization changed its focus from recreation to education in 2008, following a project sponsored by virginia commonwealth university to assess the academic Development of children in the community. Using nationally standardized testing, the assessment revealed that 75 percent of school children in our area tested one or more grade levels behind academically. Today, our mission is one of empowerment through education: to support the residents of the east end and educate its students, enabling them to serve as positive role contributors to their family, community, and society. Under the leadership of our chief executive officer, corey taylor, mpa, we achieve our mission through three program areas. First, we serve

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$120K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
2 of 5
filings with a surplus
Average surplus $289K a year · 11% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$120K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
34
named funders · $1.1M
Looks good: 34 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$438K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.5M
Spent
$2.8M
To programs
78%
Net assets
$5.6M
By yearFY2020–FY2024
Revenue
$2.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.5M
FY2021$3.1M
FY2022$3.4M
FY2023$2.5M
FY2024$2.0M
FY2024$2.1M
Expenses
$2.8M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.8M
FY2021$2.0M
FY2022$2.6M
FY2023$2.6M
FY2024$2.1M
FY2024$2.5M
Net assets
$5.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$5.6M
FY2021$6.9M
FY2022$7.7M
FY2023$7.7M
FY2024$7.7M
FY2024$7.4M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1980.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $2.2M Management & general 12% · $338K Fundraising 9% · $257K

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

21 people listed on the 990; $120K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$120,000Pt VII · Sec A
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Corey Taylor’s $135K as CEO is at the 64th percentile of top reported officer pay among 3869 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Damon Jiggetts——$135,794———
Corey Taylor$134,550$97,497————
Damon Jiggitts———$122,850$120,100$120,000
Alisha Turner$89,672$14,416————

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 15aNo

Programs and updates

Empowering Richmond's East End residents and students for community service and success.

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Provided by the organization

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3 programs · $2.2M · in their own filed words · FY2019
01

The Youth Program, comprised of the After School Learning Immersion Program and Summer Promise, provides year-round out-of-school time support for youth in the densest concentration of poverty in the City of Richmond.

$1.8Mprogram expense
02

Community supports include community events, food distribution, and community development work in collaboration with neighbors and other service partners. In addition, Peter Paul supports families during holiday seasons with food and provide gifts to children and families during the Christmas season.

$338Kprogram expense
03

Twice-weekly programming for senior citizens in partnership with the Senior Center of Greater Richmond. This program provides a hot lunch, exercise, field trips, speakers, and many more activities for senior citizens who live in the Peter Paul neighborhood.

$15Kprogram 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 · FY2024
See all 34 funders →
Grants paid · 4 grants · $25K · 2019–2020
Unitemized GrantFY2020$15,856
Unitemized GrantFY2020$2,498
Unitemized GrantFY2019$6,145
Unitemized GrantFY2019$325

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.5M
Ln 12
Gifts and grantsLn 1h$2.5M
Investment incomeLn 3$15K
Other incomeLn 4–11$12K
Money outPt IX
$2.8M
Ln 25
Programscol B$2.2M
Managementcol C$338K
Fundraisingcol D$257K
Owns and owesPt X
$5.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$6.0M
LiabilitiesLn 26$438K
PeoplePt VI, VII
21
listed · VII A
PaidVII A1
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.5M
Government grantsLn 1e$216K
Noncash giftsLn 1g$92K
Investment incomeLn 3$15K
Other incomeLn 4–11$12K
Gains on assetsLn 7$10K
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$2.2M
Cash and savings togetherLn 1–2$2.2M
InvestmentsLn 11–13$564K
Land, buildings, equipmentLn 10c$3.0M
Other assetsLn 15$12K
Total assetsLn 16$6.0M
LiabilitiesLn 26$438K
Net assetsLn 32$5.6M
OperationsPt I, VI
EmployeesI 546
VolunteersI 6238
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$1.9M$2.2M
InvestmentsLn 11–13$564K
Land, buildings, equipmentLn 10c$3.1M$3.0M
Total assetsLn 16$5.9M$6.0M
LiabilitiesLn 26$44K$438K
Net assetsLn 32$5.9M$5.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$24K$24K
Pay of current officers, directors and key staffLn 5$134K$67K$33K$33K
Other salaries and wagesLn 7$1.7M$1.5M$109K$89K
Pension plan contributionsLn 8$21K$18K$2K$1K
Other employee benefitsLn 9$90K$77K$7K$6K
Payroll taxesLn 10$141K$121K$11K$9K
Accounting feesLn 11c$18K$6K$5K$6K
Investment management feesLn 11f$6K$6K
Other fees for servicesLn 11g$66K$23K$19K$24K
Office expensesLn 13$7K$207$7K$69
OccupancyLn 16$45K$33K$11K
Conferences, conventions and meetingsLn 19$14K$2K$12K$344
Depreciation, depletion and amortizationLn 22$147K$74K$59K$15K
InsuranceLn 23$36K$16K$20K
Other expenses (24a–d)Ln 24$245K$170K$8K$67K
All other expensesLn 24e$54K$20K$30K$5K
Total functional expensesLn 25$2.8M$2.2M$338K$257K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.0M$2.1M−$92K$7.7M 990 PDF
FY2023 $2.5M$2.6M−$57K$7.7M 990 PDF
FY2022 $3.4M$2.6M$752K$7.7M 990 PDF
FY2021 $3.1M$2.0M$1.1M$6.9M 990 PDF
FY2020 Viewing $2.5M$2.8M−$273K$5.6M 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 FY2020 990 (6 parts)
Part I · Summary $2,482,691 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,378,367$2,455,652
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $25,069$14,965
I-11 Other revenuePrior year $53,733$12,074
I-12 Total revenuePrior year $2,457,169$2,482,691
I-13 Grants and similar amounts paidPrior year $15,150$24,008
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,740,800$2,093,701
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $625,218$638,036
I-18 Total expensesPrior year $2,381,168$2,755,745
I-19 Revenue less expensesPrior year $76,001−$273,054
Part VI · Governance 20 of 20 board members independent, 2 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
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
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $2,482,691 across 11 lines filed
VIII-1a Federated campaigns$60,502
VIII-1e Government grants$215,988
VIII-1f All other contributions, gifts and grants$2,179,162
VIII-1g Noncash contributions (included above)$92,363
VIII-1h Total contributions, gifts and grants$2,455,652
VIII-3 Investment incomeExcluded from tax $4,965$4,965
VIII-6 Net rental income or lossExcluded from tax $3,700$3,700
VIII-7 Net gain or loss on sales of assetsExcluded from tax $10,000$10,000
VIII-8 Net income from fundraising eventsExcluded from tax $1,837$1,837
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,537$6,537
VIII-12 Total revenueRelated to mission $6,537 · Unrelated business $0 · Excluded from tax $20,502$2,482,691
Part IX · Statement of functional expenses $2,755,745 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $24,008$24,008
IX-5 Pay of current officers, directors and key staffPrograms $66,750 · Management $33,375 · Fundraising $33,375$133,500
IX-7 Other salaries and wagesPrograms $1,509,684 · Management $109,181 · Fundraising $88,670$1,707,535
IX-8 Pension plan contributionsPrograms $18,306 · Management $1,647 · Fundraising $1,433$21,386
IX-9 Other employee benefitsPrograms $76,873 · Management $6,915 · Fundraising $6,017$89,805
IX-10 Payroll taxesPrograms $121,103 · Management $10,894 · Fundraising $9,478$141,475
IX-11c Accounting feesPrograms $6,284 · Management $5,198 · Fundraising $6,319$17,801
IX-11f Investment management feesManagement $5,880$5,880
IX-11g Other fees for servicesPrograms $23,359 · Management $19,322 · Fundraising $23,512$66,193
IX-13 Office expensesPrograms $207 · Management $6,629 · Fundraising $69$6,905
IX-16 OccupancyPrograms $33,200 · Management $11,364$44,564
IX-19 Conferences, conventions and meetingsPrograms $1,787 · Management $11,612 · Fundraising $344$13,743
IX-22 Depreciation, depletion and amortizationPrograms $73,654 · Management $58,923 · Fundraising $14,731$147,308
IX-23 InsurancePrograms $16,202 · Management $19,804$36,006
IX-24 Other expenses (24a–d)Programs $169,880 · Management $7,994 · Fundraising $67,337$245,211
IX-24e All other expensesPrograms $19,500 · Management $29,572 · Fundraising $5,353$54,425
IX-25 Total functional expensesPrograms $2,160,797 · Management $338,310 · Fundraising $256,638$2,755,745
Part X · Balance sheet $6,033,094 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,897,394$2,179,710
X-3 Pledges and grants receivableStart of year $334,260$271,857
X-10c Land, buildings and equipment, netStart of year $3,095,301$3,005,136
X-12 Other securities$564,324
X-15 Other assetsStart of year $12,087$12,067
X-16 Total assetsStart of year $5,917,959$6,033,094
X-17 Accounts payable and accrued expensesStart of year $43,683$437,737
X-26 Total liabilitiesStart of year $43,683$437,737
X-27 Net assets without donor restrictionsStart of year $5,205,383$5,141,898
X-28 Net assets with donor restrictionsStart of year $668,893$453,459
X-32 Total net assets or fund balancesStart of year $5,874,276$5,595,357
X-33 Total liabilities and net assetsStart of year $5,917,959$6,033,094
Part XI · Reconciliation of net assets $5,595,357 net assets at year end
XI-1 Total revenue$2,482,691
XI-2 Total expenses$2,755,745
XI-3 Revenue less expenses−$273,054
XI-4 Net assets at start of year$5,874,276
XI-5 Net unrealized gains (losses) on investments−$5,865
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,595,357

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

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