Pete Foundation for Depression Prevention

Tax-deductible

Louisville, KY501(c)(3)Since 2016Mental HealthEIN 81-4667398Revenue $210K in FY2025

On file with the IRSthepetefoundation.org2323 Lime Kiln Ln, 40222-3416 · Louisville, KYTax-exempt since Dec 2016Publicly supported — 509(a)(2)

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The Pete Foundation was formed to raise awareness of the impact of mental wellness in early adolescence, to advocate for improved mental wellness programs, and increase understanding of the conditions of mental illness.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$2K 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

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $11K a year · 8% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2K
to officers and key staff · 1% of spending
Top officer’s pay lower than 99% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$23K
10% of total assets
Looks good: liabilities are 10% 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
$210K
+39% vs prior year
Spent
$201K
To programs
81%
Net assets
$193K
By yearFY2020–FY2025
Revenue
$210K
FY2025▲ +39%
Tap a bar for its year
Revenue by fiscal year
FY2020$82K
FY2021$77K
FY2022$166K
FY2023$200K
FY2024$152K
FY2025$210K
Expenses
$201K
FY2025▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$96K
FY2021$98K
FY2022$74K
FY2023$134K
FY2024$216K
FY2025$201K
Net assets
$193K
FY2025▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$101K
FY2021$80K
FY2022$172K
FY2023$221K
FY2024$173K
FY2025$193K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2016.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $162K Management & general 6% · $13K Fundraising 13% · $26K

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

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

Part VII, Section A · reportable compensation
Secretary Treasurer
$2,431Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Molly C Jones’s $2K as Secretary Treasurer is at the 1st percentile of top reported officer pay among 2094 $100K–1M mental health 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

NameFY2025FY2024FY2023
Molly C Jones$2,431$2,400$1,100

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes mental wellness awareness and advocates for better programs for early adolescents.

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Provided by the organization

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1 program · $162K · in their own filed words · FY2025
01

We envision a world in which every individual is equipped with the tools necessary to understand, express, and seek support for themselves and others. It is a world free of social stigmas surrounding mental health, with a complete understanding of its effects.

$162Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$210K
Ln 12
Gifts and grantsLn 1h$196K
Investment incomeLn 3$11K
Fees for servicesLn 2g$3K
Money outPt IX
$201K
Ln 25
Programscol B$162K
Managementcol C$13K
Fundraisingcol D$26K
Owns and owesPt X
$193K
net assets · Ln 32
Cash and savingsLn 1–2$82K
Total assetsLn 16$216K
LiabilitiesLn 26$23K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$196K
Fees for servicesLn 2g$3K
Investment incomeLn 3$11K
Total revenueLn 12$210K
Assets in detailPt X, end of year
CashLn 1$82K
Cash and savings togetherLn 1–2$82K
InvestmentsLn 11–13$101K
Land, buildings, equipmentLn 10c$33K
Total assetsLn 16$216K
LiabilitiesLn 26$23K
Net assetsLn 32$193K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$27K$82K
InvestmentsLn 11–13$111K$101K
Land, buildings, equipmentLn 10c$47K$33K
Total assetsLn 16$205K$216K
LiabilitiesLn 26$32K$23K
Net assetsLn 32$173K$193K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6K$6K
Pay of current officers, directors and key staffLn 5$2K$2K$486
Other salaries and wagesLn 7$93K$74K$19K
Other employee benefitsLn 9$12K$9K$61$2K
Payroll taxesLn 10$8K$6K$39$2K
Other fees for servicesLn 11g$6K$5K$855$284
Advertising and promotionLn 12$20K$16K$3K$995
Office expensesLn 13$27K$22K$4K$1K
OccupancyLn 16$11K$8K$2K$525
TravelLn 17$2K$1K$254$85
InterestLn 20$1K$915$171$57
Depreciation, depletion and amortizationLn 22$14K$11K$2K$713
Other expenses (24a–d)Ln 24$43$34$7$2
Total functional expensesLn 25$201K$162K$13K$26K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $210K$201K$9K$193K 990 PDF
FY2024 $152K$216K−$64K$173K 990 PDF
FY2023 $200K$134K$66K$221K 990 PDF
FY2022 $166K$74K$92K$172K 990 PDF
FY2021 $77K$98K−$22K$80K 990 PDF
FY2020 $82K$96K−$14K$101K 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 FY2025 990 (6 parts)
Part I · Summary $210,468 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $144,001$195,907
I-9 Program service revenuePrior year $4,889$3,361
I-10 Investment incomePrior year $2,880$11,200
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $151,770$210,468
I-13 Grants and similar amounts paidPrior year $1,600$6,100
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $112,869$114,570
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $101,374$80,333
I-18 Total expensesPrior year $215,843$201,003
I-19 Revenue less expensesPrior year −$64,073$9,465
Part VI · Governance 19 of 19 board members independent, 1 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $210,468 across 5 lines filed
VIII-1f All other contributions, gifts and grants$195,907
VIII-1h Total contributions, gifts and grants$195,907
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $3,361$3,361
VIII-3 Investment incomeExcluded from tax $11,200$11,200
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $14,561$210,468
Part IX · Statement of functional expenses $201,003 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $6,100$6,100
IX-5 Pay of current officers, directors and key staffPrograms $1,945 · Management $486$2,431
IX-7 Other salaries and wagesPrograms $74,070 · Fundraising $18,518$92,588
IX-9 Other employee benefitsPrograms $9,475 · Management $61 · Fundraising $2,308$11,844
IX-10 Payroll taxesPrograms $6,166 · Management $39 · Fundraising $1,502$7,707
IX-11g Other fees for servicesPrograms $4,560 · Management $855 · Fundraising $284$5,699
IX-12 Advertising and promotionPrograms $15,917 · Management $2,985 · Fundraising $995$19,897
IX-13 Office expensesPrograms $21,674 · Management $4,064 · Fundraising $1,355$27,093
IX-16 OccupancyPrograms $8,407 · Management $1,576 · Fundraising $525$10,508
IX-17 TravelPrograms $1,356 · Management $254 · Fundraising $85$1,695
IX-20 InterestPrograms $915 · Management $171 · Fundraising $57$1,143
IX-22 Depreciation, depletion and amortizationPrograms $11,404 · Management $2,138 · Fundraising $713$14,255
IX-24 Other expenses (24a–d)Programs $34 · Management $7 · Fundraising $2$43
IX-25 Total functional expensesPrograms $162,023 · Management $12,636 · Fundraising $26,344$201,003
Part X · Balance sheet $215,752 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $26,537$81,690
X-10c Land, buildings and equipment, netStart of year $47,212$32,957
X-12 Other securitiesStart of year $110,587$101,105
X-16 Total assetsStart of year $205,228$215,752
X-25 Other liabilitiesStart of year $31,738$22,505
X-26 Total liabilitiesStart of year $31,738$22,505
X-32 Total net assets or fund balancesStart of year $173,490$193,247
X-33 Total liabilities and net assetsStart of year $205,228$215,752
Part XI · Reconciliation of net assets $193,247 net assets at year end
XI-1 Total revenue$210,468
XI-2 Total expenses$201,003
XI-3 Revenue less expenses$9,465
XI-4 Net assets at start of year$173,490
XI-5 Net unrealized gains (losses) on investments$10,292
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$193,247

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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