Passel Provides Foundation EIN 83-1808792 Form 990 (PDF) Claim this org

Passel Provides Foundation

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Provides sustainable programs to make food accessible to all. For fiscal year 2024 it reported $102K in revenue, $491K in expenses, and $245K in net assets.Pt I

Type
Public charity (501(c)(3)) · Food & Agriculture
Location
Emmetsburg, IA
Website
www.cactusfeederscares.com
Filings
5 on file (2020–2024)
Revenue
$102KFY2024
Expenses
$491K
Net assets
$245K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  83-1808792 Public charity (501(c)(3)) Emmetsburg, IA
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides sustainable programs to make food accessible to all.
Leadership
Bill Dyer · Secretary
Money in and out
$102K revenue, $491K expenses
Bottom line
91% program efficiency
Where the money goes · FY2024
Total revenue
$102K
Pt VIII · Ln 12
Total expenses
$491K
Pt IX · Ln 25
Net assets
$245K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$389K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.07 Fundraising $0.02
Program efficiency
91%
of spending reaches programs▲ +12% vs prior filing year
Operating runway
6.0mo
months of highly liquid reserves at operating expense rate▼ -44% vs prior filing year
Surplus margin
-381%
revenue over expenses, this year▼ -1995% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$102K
FY2024▼ -85%
Expenses
$491K
FY2024▼ -13%
Total assets
$247K
FY2024▼ -61%
Total liabilities
$2K
FY2024
Total revenue
$102K
Pt VIII · Ln 12
Total expenses
$491K
Pt IX · Ln 25
Net assets
$245K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$389K
Total assetsPt X · Ln 16$247K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPassel Provides Foundation
EINHdr · item D83-1808792
Principal addressHdr · item CEmmetsburg, IA
WebsiteHdr · item Jwww.cactusfeederscares.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFood & Agriculture (K11)
Ruling yearIRS BMFJun 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $447K of program spending, described in the organization's own filed words · FY2024.
01

Weekend food bag programs that provide nonperishable food for food insecure elementary school age children. Power program and other public outreach as well.

$443Kprogram expense
02

Scholarship and educational assistance provided based on donor restricted gift policy.

$3Kprogram expense
03

Provide leadership & renewal support to organizations focused on supporting programs that improve the well-being of their communities primarily focusing on the food insecure and in support of agricultural programs.

$1Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$102K
Investment income$381
Total revenueLn 12$102K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.07 Fundraising $0.02
Program services91%$447K
Management & general7%$33K
Fundraising2%$11K
Total functional expensesLn 25$491K

Balance Sheet

Part X · end of year
CashLn 1$245K
Total assetsLn 16$247K
Total liabilitiesLn 26$2K
Total net assetsLn 32$245K
Months of cash on handcomputed6.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $245K · Operating expenses/yr $491K
6.0 months
Where the money goes
Program services
Program services $447K · Total expenses $491K
91%
Management & General
Management & general $33K · Total expenses $491K
7%
Fundraising
Fundraising $11K · Total expenses $491K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $31K · Solicited contributions (3-yr avg) $344K
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $102K · Total revenue $102K
100%
Government reliance
Government grants — · Total revenue $102K
Earned-income share
Program service revenue $0 · Total revenue $102K
0%
Investment reliance
Investment income $381 · Total revenue $102K
+0.4%
Program self-sufficiency
Program service revenue $0 · Total expenses $491K
0%
Growth & trend
Revenue growth (YoY)
This year $102K · Prior year $703K
-85%
Revenue CAGR
FY2020 $195K · FY2024 $102K
-15%
Net-asset trend (YoY)
End of year $245K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $102K · Expenses $491K
-381%
Liabilities-to-Assets
Total liabilities — · Total assets $247K
Net-asset ratio
Net assets $245K · Total assets $247K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $247K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Bill Dyer · Reported title SECRETARY · Highest reported compensation $0 · Total expenses $491K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $491K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 7%
Fundraising cost ratio 11%
Revenue growth -85%
Legal fee ratio 0.9%
Accounting fee ratio 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 · FY2023
Total grants receivedfrom 2 funders$16K
Grants paid · 12 grants · $352K · 2020–2023
Unitemized GrantFY2023$60,000
Snack Pak 4 KidsTX · FY2023$10,525
Unitemized GrantFY2022$54,875
Snack Pak 4 KidsTX · FY2022$7,500
Unitemized GrantFY2021$58,750
Amarillo Area Foundation INCTX · FY2021$10,000
Unitemized GrantFY2020$55,125
Snack Pak 4 KidsTX · FY2020$18,000

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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)$102K revenue · viewing · ⤓ 990 PDF
FY2023$703K revenue · ⤓ 990 PDF
FY2022$288K revenue · ⤓ 990 PDF
FY2021$687K revenue · ⤓ 990 PDF
FY2020$195K 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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