Peacework Development Fund INC EIN 54-1621784

Peacework Development Fund INC FY2021 filing

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Develops and manages international programs for education and service in developing communities. For fiscal year 2021 it reported $410K in revenue, $456K in expenses, and $-17K in net assets.Pt I

Type
Public charity (501(c)(3)) · International
Location
Blacksburg, VA
Website
www.peacework.org
Filings
5 on file (2021–2021)
Revenue
$410KFY2021
Expenses
$456K
Net assets
$-17K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  54-1621784 Public charity (501(c)(3)) Blacksburg, VA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Develops and manages international programs for education and service in developing communities.
Leadership
Patricia Wilbourne · President
Money in and out
$410K revenue, $456K expenses
Bottom line
44% program efficiency
Where the money goes · FY2021
Total revenue
$410K
Pt VIII · Ln 12
Total expenses
$456K
Pt IX · Ln 25
Net assets
$-17K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$45K
Where spending went · Part IX cols B–D
Program services $0.44 Management & general $0.55 Fundraising $0.01
Program efficiency
44%
of spending reaches programs
Operating runway
3.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$410K
FY2021
Expenses
$456K
FY2021
Total assets
$130K
FY2021
Total liabilities
$148K
FY2021
Total revenue
$410K
Pt VIII · Ln 12
Total expenses
$456K
Pt IX · Ln 25
Net assets
$-17K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$45K
Total assetsPt X · Ln 16$130K
Program-expense ratioPt IX · col B44%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $199K of program spending, described in the organization's own filed words · FY2020.
01

International development, education, service projects, logistics, materials, and management costs

$199Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPeacework Development Fund INC
EINHdr · item D54-1621784
Principal addressHdr · item CBlacksburg, VA
WebsiteHdr · item Jwww.peacework.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q300)
Ruling yearIRS BMFMay 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
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 · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$357K · 87%
Contributions & grants$53K · 13%
Program service revenue87%$357K
Contributions & grants13%$53K
Investment income$16
— government grantsLn 1e$6K
Total revenueLn 12$410K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.44 Management & general $0.55 Fundraising $0.01
Program services44%$199K
Management & general55%$252K
Fundraising1%$5K
Total functional expensesLn 25$456K

Balance Sheet

Part X · end of year
CashLn 1$122K
Total assetsLn 16$130K
Total liabilitiesLn 26$148K
Total net assetsLn 32$-17K
Months of cash on handcomputed3.2

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $122K · Operating expenses/yr $456K
3.2 months
Where the money goes
Program services
Program services $199K · Total expenses $456K
44%
Management & General
Management & general $252K · Total expenses $456K
55%
Fundraising
Fundraising $5K · Total expenses $456K
1%
Cost to raise $1
Fundraising expense $5K · Solicited contributions $47K
$0.10 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $53K · Total revenue $410K
13%
Government reliance
Government grants $6K · Total revenue $410K
1%
Earned-income share
Program service revenue $357K · Total revenue $410K
87%
Investment reliance
Investment income $16 · Total revenue $410K
<0.01%
Program self-sufficiency
Program service revenue $357K · Total expenses $456K
78%
Growth & trend
Revenue growth (YoY)
This year $410K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $-17K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $410K · Expenses $456K
-11%
Liabilities-to-Assets
Total liabilities — · Total assets $130K
Net-asset ratio
Net assets $-17K · Total assets $130K
-13%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $130K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Patricia Wilbourne · Reported title President · Highest reported compensation $0 · Total expenses $456K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $119K · Total expenses $456K
26%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 44%
Overhead ratio 55%
Fundraising cost ratio 9%
Accounting fee ratio 0.7%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$13K

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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)$807K revenue · ⤓ 990 PDF
FY2024$626K revenue · ⤓ 990 PDF
FY2023$384K revenue · ⤓ 990 PDF
FY2022$359K revenue · ⤓ 990 PDF
FY2021$410K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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