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Pvf Roundtable Charitable Foundation INC

Tax-deductible

Stafford, TX501(c)(3)Foundations & Grantmakers EIN 81-5311423Revenue $304K in FY2024

On file with the IRSPo Box 2352, 77497-2352 · Stafford, TXTax-exempt since Mar 2017Publicly supported charity — 170(b)(1)(A)(vi)

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Providing of education funds to organizations that provide training in the pipe, valves, and fitting industry with the hope of encouraging growth in the Pvf field.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 60 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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 deficit $83 a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$100K
66% of total assets
Worth a look: liabilities are 66% of assets; over 65%.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$304K
-20% vs prior year
Spent
$324K
To programs
93%
Net assets
$51K
By yearFY2020–FY2024
Revenue
$304K
FY2024▼ -20%
Tap a bar for its year
Revenue by fiscal year
FY2020$166K
FY2021$244K
FY2022$381K
FY2023$381K
FY2024$304K
Expenses
$324K
FY2024▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2020$9K
FY2021$420K
FY2022$342K
FY2023$383K
FY2024$324K
Net assets
$51K
FY2024▼ -28%
Tap a bar for its year
Net assets by fiscal year
FY2020$208K
FY2021$33K
FY2022$73K
FY2023$71K
FY2024$51K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2017.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $300K Management & general 7% · $24K

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

15 people listed on the 990.

Part VII, Section A · reportable compensation
Joe Pro
Director
$0Pt VII · Sec A
Joe Costanzo
Director
$0Pt VII · Sec A
Kay Peters
Secretary/Treasurer
$0Pt VII · Sec A
Mike Jordan
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Robert Nunn
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Pvf Roundtable Charitable Foundation INC executive salaries →

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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 training programs to grow the pipe, valve, and fitting industry.

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Provided by the organization

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1 program · $300K · in their own filed words · FY2024
01

Raised over $300,000 in funds that provided scholarships to those interested in pursuing a career in the pipe, valves, and fitting industry. Funds of over $300,000 were donated to institutions of higher learning in the gulf coast area of texas and louisiana.

$300Kprogram expense

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 · FY2020
Mrc Global FoundationFY2020$15K
Total grants receivedfrom 1 funder$15K
Grants paid · 24 grants · $1.4M · 2021–2024
Del Mar College Foundation INCTX · FY2024$50,000
Associated Builders & Contractors INCLA · FY2024$50,000
Lee College Foundation INCTX · FY2024$50,000
Lamar Institute of Technology FoundationTX · FY2024$50,000
San Jacinto Community College Foundation Pasadena TexasTX · FY2024$50,000
Houston Community College FoundationTX · FY2024$50,000
San Jacinto Community College Foundation Pasadena TexasTX · FY2023$70,000
Associated Builders & Contractors INCLA · FY2023$65,000
Lee College Foundation INCTX · FY2023$65,000
Lamar Institute of Technology FoundationTX · FY2023$65,000
Houston Community College FoundationTX · FY2023$65,000
Del Mar College Foundation INCTX · FY2023$25,000
Lee College Foundation INCTX · FY2022$65,000
Lamar Institute of Technology FoundationTX · FY2022$65,000
San Jacinto Community College Foundation Pasadena TexasTX · FY2022$65,000
Houston Community College FoundationTX · FY2022$65,000
Associated Builders & Contractors INCLA · FY2022$59,000
Lee College Foundation INCTX · FY2021$75,309
See all 24 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$304K
Ln 12
Other incomeLn 4–11$279K
Gifts and grantsLn 1h$25K
Money outPt IX
$324K
Ln 25
Programscol B$300K
Managementcol C$24K
Owns and owesPt X
$51K
net assets · Ln 32
Cash and savingsLn 1–2$151K
Total assetsLn 16$151K
LiabilitiesLn 26$100K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$25K
Other incomeLn 4–11$279K
Total revenueLn 12$304K
Assets in detailPt X, end of year
CashLn 1$151K
Cash and savings togetherLn 1–2$151K
Total assetsLn 16$151K
LiabilitiesLn 26$100K
Net assetsLn 32$51K
OperationsPt I, VI
EmployeesI 50
VolunteersI 660
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$71K$151K
Total assetsLn 16$71K$151K
LiabilitiesLn 26$0$100K
Net assetsLn 32$71K$51K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$300K$300K
Accounting feesLn 11c$9K$9K
Office expensesLn 13$4K$4K
Other expenses (24a–d)Ln 24$11K$11K
Total functional expensesLn 25$324K$300K$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $304K$324K−$20K$51K 990 PDF
FY2023 $381K$383K−$2K$71K 990 PDF
FY2022 $381K$342K$40K$73K 990 PDF
FY2021 $244K$420K−$176K$33K 990 PDF
FY2020 $166K$9K$157K$208K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $303,946 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $72,600$25,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $308,235$278,946
I-12 Total revenuePrior year $380,835$303,946
I-13 Grants and similar amounts paidPrior year $355,000$300,000
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 $27,588$23,530
I-18 Total expensesPrior year $382,588$323,530
I-19 Revenue less expensesPrior year −$1,753−$19,584
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $303,946 across 4 lines filed
VIII-1f All other contributions, gifts and grants$25,000
VIII-1h Total contributions, gifts and grants$25,000
VIII-8 Net income from fundraising eventsExcluded from tax $278,946$278,946
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $278,946$303,946
Part IX · Statement of functional expenses $323,530 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $300,000$300,000
IX-11c Accounting feesManagement $8,664$8,664
IX-13 Office expensesManagement $4,239$4,239
IX-24 Other expenses (24a–d)Management $10,627$10,627
IX-25 Total functional expensesPrograms $300,000 · Management $23,530 · Fundraising $0$323,530
Part X · Balance sheet $151,228 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $70,812$151,228
X-16 Total assetsStart of year $70,812$151,228
X-25 Other liabilitiesStart of year $0$100,000
X-26 Total liabilitiesStart of year $0$100,000
X-27 Net assets without donor restrictionsStart of year $70,812$51,228
X-32 Total net assets or fund balancesStart of year $70,812$51,228
X-33 Total liabilities and net assetsStart of year $70,812$151,228
Part XI · Reconciliation of net assets $51,228 net assets at year end
XI-1 Total revenue$303,946
XI-2 Total expenses$323,530
XI-3 Revenue less expenses−$19,584
XI-4 Net assets at start of year$70,812
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$51,228

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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