P3 Foundation INC FY2020 filing

Tax-deductible

Denver, CO501(c)(3)Since 2017Human ServicesEIN 82-2912570Revenue $3.3M in FY2020

On file with the IRS200 Quebec St Bldg 300-111, 80230-7149 · Denver, COTax-exempt since Mar 2018Publicly supported — 509(a)(2)

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To partner with public and charitable entities to develop services, activities, and programs designed for senior housing, education, health care facilities, affordable housing, and governments.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
Surplus or deficit
1 of 5
filings with a surplus
Average surplus $341K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$77.5M
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 6 voting members
Fine: 3 of 6 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.3M
Spent
$3.8M
To programs
90%
Net assets
$227K
By yearFY2020–FY2024
Revenue
$3.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.3M
FY2021$5.1M
FY2022$10.9M
FY2023$16.1M
FY2024$39.6M
Expenses
$3.8M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.8M
FY2021$9.5M
FY2022$14.3M
FY2023$16.1M
FY2024$29.6M
Net assets
$227K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$227K
FY2021−$4.1M
FY2022−$7.5M
FY2023−$37.8M
FY2024−$18.7M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
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 Mar 2018.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $3.4M Management & general 10% · $384K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A

Kim Wyatt’s $462K as Executive Di is at the 94th percentile of top reported officer pay among 3122 $10–100M 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.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022
Kim Wyatt$461,702$24,487$12,764
Greg Fawcett$300,000——
Louise Waller$30,000——

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 15aNo

Programs and updates

Develops services and programs for senior housing, education, healthcare, and affordable housing.

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Provided by the organization

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3 programs · $3.4M · in their own filed words · FY2020
01

Student Housing Facilities

Lease and management of student housing consisting of 246 beds in residential properties located in the vicinity of franklin & marshall college in lancaster, pa under a master lease agreement with the college.

$2.0Mprogram expense
02

Student Housing Facilities

Lease and management of student housing consisting of 238 beds in residential property located on the campus of claremont graduate university in claremont, california under a master lease agreement with the college.

$1.3Mprogram expense
03

Providing services, activities and programs dedicated to furthering community development, education, and lessening the burdens of government.

$104Kprogram expense

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 · 18 grants · $210K · 2020–2024
City of Refuge SacramentoCA · FY2024$10,000
Mustard Tree Foundation INCGA · FY2024$10,000
The Jonnycake Center INCRI · FY2024$10,000
Jll FoundationAZ · FY2024$10,000
Ruhs FoundationFY2024$10,000
The Relatives INCNC · FY2024$10,000
City of Refuge SacramentoCA · FY2023$10,000
Fuqua SchoolVA · FY2022$21,000
Cleanaire North CarolinaNC · FY2020$10,833

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.3M
Ln 12
Fees for servicesLn 2g$3.3M
Investment incomeLn 3$3K
Money outPt IX
$3.8M
Ln 25
Programscol B$3.4M
Managementcol C$384K
Owns and owesPt X
$227K
net assets · Ln 32
Cash and savingsLn 1–2$3.3M
Total assetsLn 16$77.8M
LiabilitiesLn 26$77.5M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$3.3M
Investment incomeLn 3$3K
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$2.1M
Cash and savings togetherLn 1–2$3.3M
Land, buildings, equipmentLn 10c$206K
Other assetsLn 15$74.1M
Total assetsLn 16$77.8M
LiabilitiesLn 26$77.5M
Net assetsLn 32$227K
OperationsPt I, VI
EmployeesI 50
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 FY20End FY20
Cash and savingsLn 1–2$555K$3.3M
Land, buildings, equipmentLn 10c$31K$206K
Total assetsLn 16$26.9M$77.8M
LiabilitiesLn 26$26.7M$77.5M
Net assetsLn 32$238K$227K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$65K$65K
Other salaries and wagesLn 7$139K$67K$71K
Other employee benefitsLn 9$17K$8K$9K
Payroll taxesLn 10$12K$6K$6K
Other fees for servicesLn 11g$435K$230K$205K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$25K$25K
Information technologyLn 14$15K$15K
OccupancyLn 16$560K$560K$486
TravelLn 17$5K$3K$1K
InterestLn 20$1.7M$1.7M
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$88K$88K
Other expenses (24a–d)Ln 24$750K$750K$167
All other expensesLn 24e$30K−$15K$45K
Total functional expensesLn 25$3.8M$3.4M$384K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $39.6M$29.6M$10.0M−$18.7M 990 PDF
FY2023 $16.1M$16.1M−$53K−$37.8M 990 PDF
FY2022 $10.9M$14.3M−$3.4M−$7.5M 990 PDF
FY2021 $5.1M$9.5M−$4.4M−$4.1M 990 PDF
FY2020 Viewing $3.3M$3.8M−$511K$227K 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 $3,313,490 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,218,122$3,310,321
I-10 Investment incomePrior year $4,072$3,169
I-11 Other revenue$0
I-12 Total revenuePrior year $1,222,194$3,313,490
I-13 Grants and similar amounts paid$65,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$167,757
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $990,205$3,591,795
I-18 Total expensesPrior year $990,205$3,824,552
I-19 Revenue less expensesPrior year $231,989−$511,062
Part VI · Governance 3 of 6 board members independent, 5 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $3,313,490 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,310,321$3,310,321
VIII-3 Investment incomeExcluded from tax $3,169$3,169
VIII-12 Total revenueRelated to mission $3,310,321 · Excluded from tax $3,169$3,313,490
Part IX · Statement of functional expenses $3,824,552 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $65,000$65,000
IX-7 Other salaries and wagesPrograms $67,477 · Management $71,234$138,711
IX-9 Other employee benefitsPrograms $8,361 · Management $8,826$17,187
IX-10 Payroll taxesPrograms $5,769 · Management $6,090$11,859
IX-11g Other fees for servicesPrograms $229,865 · Management $204,999$434,864
IX-12 Advertising and promotionManagement $5,766$5,766
IX-13 Office expensesManagement $25,293$25,293
IX-14 Information technologyManagement $15,439$15,439
IX-16 OccupancyPrograms $559,771 · Management $486$560,257
IX-17 TravelPrograms $3,460 · Management $1,101$4,561
IX-20 InterestPrograms $1,671,075$1,671,075
IX-22 Depreciation, depletion and amortizationPrograms $7,009$7,009
IX-23 InsurancePrograms $87,611$87,611
IX-24 Other expenses (24a–d)Programs $750,156 · Management $167$750,323
IX-24e All other expensesPrograms −$15,431 · Management $45,028$29,597
IX-25 Total functional expensesPrograms $3,440,123 · Management $384,429 · Fundraising $0$3,824,552
Part X · Balance sheet $77,767,451 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $555,229$1,149,813
X-2 Savings and temporary cash investments$2,117,636
X-4 Accounts receivable$69,018
X-9 Prepaid expenses and deferred charges$136,223
X-10c Land, buildings and equipment, netStart of year $31,295$205,553
X-15 Other assetsStart of year $26,356,839$74,089,208
X-16 Total assetsStart of year $26,943,363$77,767,451
X-17 Accounts payable and accrued expensesStart of year $376,273$2,598,776
X-20 Tax-exempt bond liabilitiesStart of year $26,595,000$56,520,000
X-25 Other liabilitiesStart of year −$820,864$16,846,613
X-26 Total liabilitiesStart of year $26,705,409$77,540,389
X-27 Net assets without donor restrictionsStart of year $237,954$227,062
X-32 Total net assets or fund balancesStart of year $237,954$227,062
X-33 Total liabilities and net assetsStart of year $26,943,363$77,767,451
Part XI · Reconciliation of net assets $227,062 net assets at year end
XI-1 Total revenue$3,313,490
XI-2 Total expenses$3,824,552
XI-3 Revenue less expenses−$511,062
XI-4 Net assets at start of year$237,954
XI-8 Prior period adjustments$500,170
XI-10 Net assets at end of year$227,062

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

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