P20 INC FY2023 filing

Not tax-deductible

Atlanta, GA501(c)(6)Community DevelopmentEIN 61-1813480Revenue $401K in FY2023

On file with the IRSpayments20.com4630 Brook Hollow Dr Nw, 30327-3513 · Atlanta, GATax-exempt since Jul 2019

This page gets seen. Tell your story. Claim this org.

Providing a platform for industry leaders, regulators and government officials to collaborate in harmonizing a global approach and developing solutions to non-competitive issues in the payments industry in the areas of regulation, cyber security, and financial inclusion.

$204K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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 $35K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$204K
to officers and key staff · 36% of spending
Concern: pay to officers and key staff is 36% of spending; over 30%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$401K
-49% vs prior year
Spent
$568K
Net assets
$352K
By yearFY2020–FY2024
Revenue
$401K
FY2023▼ -49%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$415K
FY2022$793K
FY2023$401K
FY2024$487K
Expenses
$568K
FY2023▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$703K
FY2021$733K
FY2022$522K
FY2023$568K
FY2024$575K
Net assets
$352K
FY2023▼ -32%
Tap a bar for its year
Net assets by fiscal year
FY2020$566K
FY2021$247K
FY2022$519K
FY2023$352K
FY2024$264K

From the FY2023 Form 990 · see the original

Give Claim
You’re viewing the FY2023 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 Jul 2019.

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

Who runs it and what they're paid

2 people listed on the 990; $204K paid to officers and key staff.

Part VII, Section A · reportable compensation
$204,120Pt VII · Sec A
CEO and Secretary
$0Pt VII · Sec A

Peter Radcliffe’s $194K as President is at the 96th percentile of top reported officer pay among 1709 $100K–1M community development 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Peter Radcliffe$194,400$204,120$189,000$172,500$135,300

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.

See P20 INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Harmonizes global payments regulation, cybersecurity, and financial inclusion through industry collaboration.

Questions for P20 INC

Tap to ask. P20 INC sees how many people are interested.

Your first name shows with your question. P20 INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · in their own filed words · FY2023
01

The main pillars of P20'S work are regulation, cyber security and financial inclusion.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $20K · 2020–2021

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$401K
Ln 12
Fees for servicesLn 2g$250K
Gifts and grantsLn 1h$145K
Investment incomeLn 3$6K
Money outPt IX
$568K
Ln 25
Owns and owesPt X
$352K
net assets · Ln 32
Cash and savingsLn 1–2$352K
Total assetsLn 16$352K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$145K
Fees for servicesLn 2g$250K
Investment incomeLn 3$6K
Total revenueLn 12$401K
Assets in detailPt X, end of year
CashLn 1$152K
SavingsLn 2$200K
Cash and savings togetherLn 1–2$352K
Total assetsLn 16$352K
LiabilitiesLn 26$0
Net assetsLn 32$352K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY23End FY23
Cash and savingsLn 1–2$519K$352K
Total assetsLn 16$519K$352K
LiabilitiesLn 26$0$0
Net assetsLn 32$519K$352K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$204K
Accounting feesLn 11c$2K
Other fees for servicesLn 11g$247K
Advertising and promotionLn 12$35K
Office expensesLn 13$2K
TravelLn 17$72K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$3K
Total functional expensesLn 25$568K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $487K$575K−$88K$264K 990 PDF
FY2023 Viewing $401K$568K−$167K$352K 990 PDF
FY2022 $793K$522K$271K$519K 990 PDF
FY2021 $415K$733K−$318K$247K 990 PDF
FY2020 $1.2M$703K$475K$566K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2023 990 (6 parts)
Part I · Summary $401,008 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $340,000$145,000
I-9 Program service revenuePrior year $425,000$250,000
I-10 Investment incomePrior year $0$6,008
I-11 Other revenuePrior year $27,890$0
I-12 Total revenuePrior year $792,890$401,008
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $189,000$204,120
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $332,707$363,920
I-18 Total expensesPrior year $521,707$568,040
I-19 Revenue less expensesPrior year $271,183−$167,032
Part VI · Governance 0 of 2 board members independent, 3 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
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 $401,008 across 5 lines filed
VIII-1f All other contributions, gifts and grants$145,000
VIII-1h Total contributions, gifts and grants$145,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $250,000$250,000
VIII-3 Investment incomeExcluded from tax $6,008$6,008
VIII-12 Total revenueRelated to mission $250,000 · Unrelated business $0 · Excluded from tax $6,008$401,008
Part IX · Statement of functional expenses $568,040 across 8 lines filed
IX-5 Pay of current officers, directors and key staff$204,120
IX-11c Accounting fees$2,151
IX-11g Other fees for services$247,133
IX-12 Advertising and promotion$35,352
IX-13 Office expenses$1,781
IX-17 Travel$71,518
IX-23 Insurance$3,089
IX-24 Other expenses (24a–d)$2,896
IX-25 Total functional expenses$568,040
Part X · Balance sheet $351,524 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $318,556$151,524
X-2 Savings and temporary cash investmentsStart of year $200,000$200,000
X-16 Total assetsStart of year $518,556$351,524
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $518,556$351,524
X-32 Total net assets or fund balancesStart of year $518,556$351,524
X-33 Total liabilities and net assetsStart of year $518,556$351,524
Part XI · Reconciliation of net assets $351,524 net assets at year end
XI-1 Total revenue$401,008
XI-2 Total expenses$568,040
XI-3 Revenue less expenses−$167,032
XI-4 Net assets at start of year$518,556
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$351,524

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.