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Penultimate Development FY2020 filing

Tax-deductible

Jefferson Cty, TN501(c)(3)Human Services EIN 82-2025109Revenue $113K in FY2020

On file with the IRSpenultimatedevelopment.org104 E Old Andrew Johnson Hwy, 37760-1735 · Jefferson Cty, TNTax-exempt since Oct 2017Publicly supported charity — 170(b)(1)(A)(vi)

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A 10 month residency leadership and career development program designed to transform atrisk youth from followers to leaders

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$46K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$46K
to officers and key staff · 41% of spending
Concern: pay to officers and key staff is 41% of spending; over 30%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $70K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$11K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$113K
Spent
$113K
To programs
86%
Net assets
$64K
By yearFY2020–FY2024
Revenue
$113K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$113K
FY2021$118K
FY2022$135K
FY2023$121K
FY2024$105K
Net assets
$64K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$64K
FY2021$54K
FY2022$67K
FY2023$88K
FY2024$49K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Oct 2017.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $97K Management & general 14% · $16K

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

6 people listed on the 990; $46K paid to officers and key staff.

Part VII, Section A · reportable compensation
Diondre Jackson
Executive Director
$46,500Pt VII · Sec A
Andrew Huck
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Ralph Silvan
Director
$0Pt VII · Sec A
Troy Smith
Director
$0Pt VII · Sec A
Ryan McGrew
Director
$0Pt VII · Sec A

Diondre Jackson’s $46K as Executive Director is at the 35th percentile of top reported officer pay among 2168 $100K–1M human services 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.

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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 15aYes

Programs and updates

Develops at-risk youth into leaders through a 10-month residency program.

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Provided by the organization

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1 program · $97K · in their own filed words · FY2020
01

10 month residency, leadership, and career development program designed to transform at-risk youth from followers to leaders by improving their spiritual, personal, and future leadership positions.

$97Kprogram 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
Vanguard Charitable Endowment ProgramFY2024$35K
East Tennessee FoundationFY2024$25K
United Way of Greater Knoxville INCFY2024$10K
Total grants receivedfrom 3 funders$70K
See all 3 funders →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$113K
Ln 12
Gifts and grantsLn 1h$113K
Money outPt IX
$113K
Ln 25
Programscol B$97K
Managementcol C$16K
Owns and owesPt X
$64K
net assets · Ln 32
Cash and savingsLn 1–2$29K
Total assetsLn 16$75K
LiabilitiesLn 26$11K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$113K
Government grantsLn 1e$28K
Total revenueLn 12$113K
Assets in detailPt X, end of year
CashLn 1$29K
Cash and savings togetherLn 1–2$29K
Land, buildings, equipmentLn 10c$46K
Total assetsLn 16$75K
LiabilitiesLn 26$11K
Net assetsLn 32$64K
OperationsPt I, VI
EmployeesI 50
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 FY20End FY20
Cash and savingsLn 1–2$33K$29K
Land, buildings, equipmentLn 10c$46K$46K
Total assetsLn 16$79K$75K
LiabilitiesLn 26$14K$11K
Net assetsLn 32$64K$64K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$14K$14K
Pay of disqualified personsLn 6$46K$37K$9K
Other salaries and wagesLn 7$6K$6K
Payroll taxesLn 10$4K$4K$418
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$286$286
Office expensesLn 13$2K$2K
OccupancyLn 16$30K$30K
TravelLn 17$333$333
InsuranceLn 23$5K$5K
Total functional expensesLn 25$113K$97K$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $105K$49K 990 PDF
FY2023 $121K$88K 990 PDF
FY2022 $135K$67K 990 PDF
FY2021 $118K$54K 990 PDF
FY2020 Viewing $113K$113K−$347$64K 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 FY2020 990 (6 parts)
Part I · Summary $113,113 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $81,395$113,113
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $81,395$113,113
I-13 Grants and similar amounts paidPrior year $2,544$14,186
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $47,510$57,113
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $43,853$42,161
I-18 Total expensesPrior year $93,907$113,460
I-19 Revenue less expensesPrior year −$12,512−$347
Part VI · Governance 6 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
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 $113,113 across 5 lines filed
VIII-1e Government grants$28,195
VIII-1f All other contributions, gifts and grants$84,918
VIII-1h Total contributions, gifts and grants$113,113
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$113,113
Part IX · Statement of functional expenses $113,460 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $14,186$14,186
IX-6 Pay of disqualified personsPrograms $37,200 · Management $9,300$46,500
IX-7 Other salaries and wagesPrograms $6,118$6,118
IX-10 Payroll taxesPrograms $4,077 · Management $418$4,495
IX-11c Accounting feesManagement $4,619$4,619
IX-12 Advertising and promotionPrograms $286$286
IX-13 Office expensesManagement $1,794$1,794
IX-16 OccupancyPrograms $30,473$30,473
IX-17 TravelPrograms $333$333
IX-23 InsurancePrograms $4,656$4,656
IX-25 Total functional expensesPrograms $97,329 · Management $16,131 · Fundraising $0$113,460
Part X · Balance sheet $74,881 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $32,568$28,947
X-10c Land, buildings and equipment, netStart of year $45,934$45,934
X-16 Total assetsStart of year $78,502$74,881
X-17 Accounts payable and accrued expensesStart of year $14,107$10,832
X-26 Total liabilitiesStart of year $14,107$10,832
X-32 Total net assets or fund balancesStart of year $64,395$64,049
X-33 Total liabilities and net assetsStart of year $78,502$74,881
Part XI · Reconciliation of net assets $64,049 net assets at year end
XI-1 Total revenue$113,113
XI-2 Total expenses$113,460
XI-3 Revenue less expenses−$347
XI-4 Net assets at start of year$64,395
XI-10 Net assets at end of year$64,049

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

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