Peter-Paul Development Center INC FY2021 filing

Tax-deductible

Richmond, VA501(c)(3)Since 1979Human ServicesEIN 54-1137164

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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.
71¢ 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

FY2021 · 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
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$120K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
17 mo
of spending, in cash
Looks good: 17.2 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
$69K
1.0% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.1M
+27% vs prior year
Spent
$2.0M
To programs
71%
Net assets
$6.9M
By yearFY2020–FY2024
Revenue
$3.1M
FY2021▲ +27%
Revenue by fiscal year
FY2020$2.5M
FY2021$3.1M
FY2022$3.4M
FY2023$2.5M
FY2024$2.0M
FY2024$2.1M
Expenses
$2.0M
FY2021▼ -26%
Expenses by fiscal year
FY2020$2.8M
FY2021$2.0M
FY2022$2.6M
FY2023$2.6M
FY2024$2.1M
FY2024$2.5M
Net assets
$6.9M
FY2021▲ +24%
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 FY2021 Form 990 (year ending June 2021) · 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: FY2024. IRS ruling in May 1980.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $1.4M Management & general 15% · $310K Fundraising 14% · $284K

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

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

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$120,100Pt 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.

Provided by the organization

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3 program services account for $1.4M of program spending, described in the organization's own filed words · FY2020.
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.

$1.0Mprogram 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.

$394Kprogram 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.

$431program expense

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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 FY2021 990, line by line.

1The main four
Money inPt VIII
$3.1M
Ln 12
Gifts and grantsLn 1h$3.1M
Other incomeLn 4–11$6K
Investment incomeLn 3$1K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.4M
Managementcol C$310K
Fundraisingcol D$284K
Owns and owesPt X
$6.9M
net assets · Ln 32
Cash and savingsLn 1–2$2.9M
Total assetsLn 16$7.0M
LiabilitiesLn 26$69K
PeoplePt VI, VII
20
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.1M
Government grantsLn 1e$890K
Noncash giftsLn 1g$157K
Investment incomeLn 3$1K
Other incomeLn 4–11$6K
Total revenueLn 12$3.1M
Assets in detailPt X, end of year
CashLn 1$2.9M
Cash and savings togetherLn 1–2$2.9M
InvestmentsLn 11–13$801K
Land, buildings, equipmentLn 10c$2.9M
Other assetsLn 15$14K
Total assetsLn 16$7.0M
LiabilitiesLn 26$69K
Net assetsLn 32$6.9M
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 FY21End FY21
Cash and savingsLn 1–2$2.2M$2.9M
InvestmentsLn 11–13$564K$801K
Land, buildings, equipmentLn 10c$3.0M$2.9M
Total assetsLn 16$6.0M$7.0M
LiabilitiesLn 26$438K$69K
Net assetsLn 32$5.6M$6.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$19K$19K
Pay of current officers, directors and key staffLn 5$145K$58K$43K$43K
Other salaries and wagesLn 7$994K$782K$82K$130K
Pension plan contributionsLn 8$24K$21K$2K$2K
Other employee benefitsLn 9$124K$106K$10K$8K
Payroll taxesLn 10$86K$74K$7K$6K
Accounting feesLn 11c$13K$4K$4K$4K
Investment management feesLn 11f$6K$6K
Other fees for servicesLn 11g$106K$54K$23K$29K
Office expensesLn 13$12K$5K$7K$730
OccupancyLn 16$71K$62K$9K
Conferences, conventions and meetingsLn 19$18K$3K$14K$655
Depreciation, depletion and amortizationLn 22$147K$75K$58K$15K
InsuranceLn 23$36K$28K$8K
Other expenses (24a–d)Ln 24$172K$135K$11K$26K
All other expensesLn 24e$59K$13K$28K$18K
Total functional expensesLn 25$2.0M$1.4M$310K$284K

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 Viewing $3.1M$2.0M$1.1M$6.9M 990 PDF
FY2020 $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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $3,146,096 across 10 lines filed
VIII-1a Federated campaigns$58,000
VIII-1e Government grants$890,401
VIII-1f All other contributions, gifts and grants$2,190,245
VIII-1g Noncash contributions (included above)$156,914
VIII-1h Total contributions, gifts and grants$3,138,646
VIII-3 Investment incomeExcluded from tax $1,194$1,194
VIII-6 Net rental income or lossExcluded from tax $2,400$2,400
VIII-8 Net income from fundraising eventsExcluded from tax $800$800
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,056$3,056
VIII-12 Total revenueRelated to mission $3,056 · Unrelated business $0 · Excluded from tax $4,394$3,146,096
Part IX · Statement of functional expenses $2,033,478 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $18,714$18,714
IX-5 Pay of current officers, directors and key staffPrograms $57,820 · Management $43,365 · Fundraising $43,365$144,550
IX-7 Other salaries and wagesPrograms $782,029 · Management $81,624 · Fundraising $130,341$993,994
IX-8 Pension plan contributionsPrograms $20,910 · Management $1,881 · Fundraising $1,637$24,428
IX-9 Other employee benefitsPrograms $106,462 · Management $9,577 · Fundraising $8,332$124,371
IX-10 Payroll taxesPrograms $73,771 · Management $6,636 · Fundraising $5,774$86,181
IX-11c Accounting feesPrograms $4,465 · Management $3,694 · Fundraising $4,491$12,650
IX-11f Investment management feesManagement $6,085$6,085
IX-11g Other fees for servicesPrograms $54,293 · Management $22,829 · Fundraising $29,180$106,302
IX-13 Office expensesPrograms $5,243 · Management $6,523 · Fundraising $730$12,496
IX-16 OccupancyPrograms $61,812 · Management $9,472$71,284
IX-19 Conferences, conventions and meetingsPrograms $3,329 · Management $14,041 · Fundraising $655$18,025
IX-22 Depreciation, depletion and amortizationPrograms $74,705 · Management $57,963 · Fundraising $14,741$147,409
IX-23 InsurancePrograms $28,159 · Management $7,592$35,751
IX-24 Other expenses (24a–d)Programs $135,076 · Management $10,858 · Fundraising $26,307$172,241
IX-24e All other expensesPrograms $12,661 · Management $28,054 · Fundraising $18,282$58,997
IX-25 Total functional expensesPrograms $1,439,449 · Management $310,194 · Fundraising $283,835$2,033,478
Part X · Balance sheet $7,016,700 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $2,179,710$2,912,663
X-3 Pledges and grants receivableStart of year $271,857$407,976
X-10c Land, buildings and equipment, netStart of year $3,005,136$2,880,714
X-12 Other securitiesStart of year $564,324$801,098
X-15 Other assetsStart of year $12,067$14,249
X-16 Total assetsStart of year $6,033,094$7,016,700
X-17 Accounts payable and accrued expensesStart of year $437,737$68,966
X-26 Total liabilitiesStart of year $437,737$68,966
X-27 Net assets without donor restrictionsStart of year $5,141,898$6,285,369
X-28 Net assets with donor restrictionsStart of year $453,459$662,365
X-32 Total net assets or fund balancesStart of year $5,595,357$6,947,734
X-33 Total liabilities and net assetsStart of year $6,033,094$7,016,700
Part XI · Reconciliation of net assets $6,947,734 net assets at year end
XI-1 Total revenue$3,146,096
XI-2 Total expenses$2,033,478
XI-3 Revenue less expenses$1,112,618
XI-4 Net assets at start of year$5,595,357
XI-5 Net unrealized gains (losses) on investments$239,759
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,947,734

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

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