Pine Tree Apple Classic Fund EIN 82-4314989 Form 990 (PDF) Claim this org

Pine Tree Apple Classic Fund

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Funds research and provides programs for children with diseases and their families. For fiscal year 2024 it reported $544K in revenue, $540K in expenses, and $99K in net assets.Pt I

Type
Public charity (501(c)(3)) · Health Care
Location
Saint Paul, MN
Website
www.ptacf.org
Filings
5 on file (2020–2024)
Revenue
$544KFY2024
Expenses
$540K
Net assets
$99K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-4314989 Public charity (501(c)(3)) Saint Paul, MN
Form 990 (PDF)
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Size
$100K–1M
What they do
Funds research and provides programs for children with diseases and their families.
Leadership
Kevin Werwie · President
Money in and out
$544K revenue, $540K expenses
Bottom line
85% program efficiency
Where the money goes · FY2024
Total revenue
$544K
Pt VIII · Ln 12
Total expenses
$540K
Pt IX · Ln 25
Net assets
$99K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.15
Program efficiency
85%
of spending reaches programs▲ +6% vs prior filing year
Operating runway
2.3mo
months of highly liquid reserves at operating expense rate▼ -23% vs prior filing year
Surplus margin
+0.6%
revenue over expenses, this year▼ -93% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$544K
FY2024▲ +18%
Expenses
$540K
FY2024▲ +28%
Total assets
$99K
FY2024▲ +3%
Total liabilities
$0
FY2024
Total revenue
$544K
Pt VIII · Ln 12
Total expenses
$540K
Pt IX · Ln 25
Net assets
$99K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3K
Total assetsPt X · Ln 16$99K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPine Tree Apple Classic Fund
EINHdr · item D82-4314989
Principal addressHdr · item CSaint Paul, MN
WebsiteHdr · item Jwww.ptacf.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E12)
Ruling yearIRS BMFMay 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treas(end 11/24)/Director(beg 12/24)
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director (end 2024)
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $460K of program spending, described in the organization's own filed words · FY2024.
01

The pine tree apple tennis classic was started with the goal to raise money to provide the medical professionals at children's minnesota hospital a means and a way to research cancer treatments, while still being able to perform the crucial efforts of treating children with cancer.

$460Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$564K · 104%
Investment income$7K · 1%
Contributions & grants104%$564K
Investment income1%$7K
Total revenueLn 12$544K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.15
Program services85%$460K
Management & general15%$80K
Total functional expensesLn 25$540K

Balance Sheet

Part X · end of year
CashLn 1$99K
Total assetsLn 16$99K
Total liabilitiesLn 26$0
Total net assetsLn 32$99K
Months of cash on handcomputed2.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $99K · Operating expenses (Pt IX) $540K · Less non-cash grants $29K · Cash operating expenses/yr $511K
2.3 months
Where the money goes
Program services
Program services $460K · Total expenses $540K
85%
Management & General
Management & general $80K · Total expenses $540K
15%
Fundraising
Fundraising $0 · Total expenses $540K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $488K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $564K · Total revenue $544K
104%
Government reliance
Government grants — · Total revenue $544K
Earned-income share
Program service revenue $0 · Total revenue $544K
0%
Investment reliance
Investment income $7K · Total revenue $544K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $540K
0%
Growth & trend
Revenue growth (YoY)
This year $544K · Prior year $462K
+18%
Revenue CAGR
FY2020 $269K · FY2024 $544K
+19%
Net-asset trend (YoY)
End of year $99K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $544K · Expenses $540K
+0.6%
Liabilities-to-Assets
Total liabilities — · Total assets $99K
Net-asset ratio
Net assets $99K · Total assets $99K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $99K
0%
People & payroll
Highest Reported Total Compensation
Individual Kevin Werwie · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $540K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $540K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 15%
Fundraising cost ratio 0%
Revenue growth 18%
Accounting fee ratio 0.5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 7 funders →
Grants paid · 4 grants · $1.3M · 2020–2024

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$544K revenue · viewing · ⤓ 990 PDF
FY2023$462K revenue · ⤓ 990 PDF
FY2022$500K revenue · ⤓ 990 PDF
FY2021$368K revenue · ⤓ 990 PDF
FY2020$269K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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