Point Loma Trust: FY2020 Nonprofit Profile & Form 990 (EIN 81-1295536)

Revenue by fiscal year
FY2020	$5K
FY2021	$11

Expenses by fiscal year
FY2020	$73K
FY2021	$69K

Net assets by fiscal year
FY2020	$482K
FY2021	$412K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021. IRS ruling in Apr 2016.

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

Where the money goes

41 cents of each dollar spent went to programs.

41%

59%

Program services 41% · $30K Management & general 59% · $43K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation

Joseph Watkins

Chairman of the Board

$0Pt VII · Sec A

Greg Jamison

Chief Executive Officer

$0Pt VII · Sec A

Joy Blount

Board Member

$0Pt VII · Sec A

Bill Davidson

Board Member

$0Pt VII · Sec A

Jason Mackenzie

Board Member

$0Pt VII · Sec A

Monty Ortman

Board Member

$0Pt VII · Sec A

Michael Van Buskirk

Board Member

$0Pt VII · Sec A

Keith Allen-Niesen

Board Member

$0Pt VII · Sec A

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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

Funds deserving students and programs at Point Loma Nazarene University.

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1 program · $30K · in their own filed words · FY2020

01

Point loma nazarene university

$30Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$5K

Ln 12

Gifts and grantsLn 1h$5K

Investment incomeLn 3$29

Money outPt IX

$73K

Ln 25

Programscol B$30K

Managementcol C$43K

Owns and owesPt X

$482K

net assets · Ln 32

Cash and savingsLn 1–2$55K

Total assetsLn 16$1.3M

LiabilitiesLn 26$839K

PeoplePt VI, VII

9

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$5K

Government grantsLn 1e$0

Noncash giftsLn 1g$0

Fundraising eventsLn 1c$0

Investment incomeLn 3$29

Total revenueLn 12$5K

Assets in detailPt X, end of year

CashLn 1$55K

SavingsLn 2$0

Cash and savings togetherLn 1–2$55K

InvestmentsLn 11–13$0

Other assetsLn 15$10K

Total assetsLn 16$1.3M

LiabilitiesLn 26$839K

Net assetsLn 32$482K

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$81K	$55K
InvestmentsLn 11–13	$0	$0
Total assetsLn 16	$1.4M	$1.3M
LiabilitiesLn 26	$808K	$839K
Net assetsLn 32	$550K	$482K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$30K	$30K
Legal feesLn 11b	$553		$553
Accounting feesLn 11c	$12K		$12K
TravelLn 17	$1K		$1K
InsuranceLn 23	$30K		$30K
Other expenses (24a–d)Ln 24	$151	$0	$151	$0
Total functional expensesLn 25	$73K	$30K	$43K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2021 Latest	$11	$69K	−$69K	$412K	990 PDF
FY2020 Viewing	$5K	$73K	−$68K	$482K	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 $5,204 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $64,200$5,175

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$29

I-11 Other revenuePrior year $35$0

I-12 Total revenuePrior year $64,235$5,204

I-13 Grants and similar amounts paidPrior year $0$30,000

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $69,565$43,481

I-18 Total expensesPrior year $69,565$73,481

I-19 Revenue less expensesPrior year −$5,330−$68,277

Part VI · Governance 6 of 9 board members independent, 3 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members6

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 $5,204 across 11 lines filed

VIII-1a Federated campaigns$0

VIII-1b Membership dues$0

VIII-1c Fundraising events$0

VIII-1d Related organizations$0

VIII-1e Government grants$0

VIII-1f All other contributions, gifts and grants$5,175

VIII-1g Noncash contributions (included above)$0

VIII-1h Total contributions, gifts and grants$5,175

VIII-3 Investment incomeRelated to mission $29 · Unrelated business $0 · Excluded from tax $0$29

VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-12 Total revenueRelated to mission $29 · Unrelated business $0 · Excluded from tax $0$5,204

Part IX · Statement of functional expenses $73,481 across 6 lines filed

IX-1 Grants to domestic organizationsPrograms $30,000$30,000

IX-11b Legal feesManagement $553$553

IX-11c Accounting feesManagement $12,000$12,000

IX-17 TravelManagement $1,015$1,015

IX-23 InsuranceManagement $29,762$29,762

IX-24 Other expenses (24a–d)Programs $0 · Management $151 · Fundraising $0$151

IX-25 Total functional expensesPrograms $30,000 · Management $43,481 · Fundraising $0$73,481

Part X · Balance sheet $1,321,076 assets, 20 lines filed

Asset lines not itemized here account for $1,109,834; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $81,240$54,750

X-2 Savings and temporary cash investmentsStart of year $0$0

X-3 Pledges and grants receivableStart of year $0$0

X-4 Accounts receivableStart of year $111,361$146,492

X-8 Inventories for sale or useStart of year $0$0

X-9 Prepaid expenses and deferred chargesStart of year $0$0

X-11 Publicly traded securitiesStart of year $0$0

X-12 Other securitiesStart of year $0$0

X-13 Program-related investmentsStart of year $0$0

X-14 Intangible assetsStart of year $0$0

X-15 Other assetsStart of year $10,000$10,000

X-16 Total assetsStart of year $1,358,101$1,321,076

X-17 Accounts payable and accrued expensesStart of year $115,240$146,492

X-18 Grants payableStart of year $0$0

X-19 Deferred revenueStart of year $0$0

X-20 Tax-exempt bond liabilitiesStart of year $0$0

X-24 Unsecured notes and loans payableStart of year $693,000$693,000

X-26 Total liabilitiesStart of year $808,240$839,492

X-32 Total net assets or fund balancesStart of year $549,861$481,584

X-33 Total liabilities and net assetsStart of year $1,358,101$1,321,076

Part XI · Reconciliation of net assets $481,584 net assets at year end

XI-1 Total revenue$5,204

XI-2 Total expenses$73,481

XI-3 Revenue less expenses−$68,277

XI-4 Net assets at start of year$549,861

XI-5 Net unrealized gains (losses) on investments$0

XI-6 Donated services and use of facilities$0

XI-7 Investment expenses$0

XI-8 Prior period adjustments$0

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$481,584

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

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Point Loma Trust FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Point Loma Trust

By the numbers

Filing history

Schedules filed Part IV