Professional Foundation INC FY2020 filing

Tax-deductible

Niwot, CO501(c)(3)HospitalsEIN 84-1180730Revenue $63K in FY2020

On file with the IRScarelinkdayprogram.com8573 Monte Vista Ave, 80503-7190 · Niwot, COTax-exempt since Mar 1992Publicly supported charity — 170(b)(1)(A)(vi)

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Provide adult day care services.

501(c)(3) charity; gifts are tax-deductible.
98¢ 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
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $14K a year · 46% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$34K
80% of total assets
Worth a look: liabilities are 80% of assets; over 65%.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$63K
Spent
$86K
To programs
98%
Net assets
$8K
By yearFY2020–FY2021
Revenue
$63K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$63K
FY2021$0
Expenses
$86K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$86K
FY2021$6K
Net assets
$8K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$8K
FY2021$3K

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 (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021. IRS ruling in Mar 1992.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $84K Management & general 2% · $1K Fundraising 0% · $50

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
President & CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Professional 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers daytime care and activities for adults.

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Provided by the organization

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1 program · $84K · in their own filed words · FY2020
01

Provide adult day care services.

$84Kprogram 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 · FY2020
Total grants receivedfrom 1 funder$7

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$63K
Ln 12
Fees for servicesLn 2g$63K
Money outPt IX
$86K
Ln 25
Programscol B$84K
Managementcol C$1K
Fundraisingcol D$50
Owns and owesPt X
$8K
net assets · Ln 32
Cash and savingsLn 1–2$35K
Total assetsLn 16$42K
LiabilitiesLn 26$34K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$63K
Gains on assetsLn 7$0
Total revenueLn 12$63K
Assets in detailPt X, end of year
CashLn 1$35K
SavingsLn 2$0
Cash and savings togetherLn 1–2$35K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1K
Other assetsLn 15$1
Total assetsLn 16$42K
LiabilitiesLn 26$34K
Net assetsLn 32$8K
OperationsPt I, VI
EmployeesI 58
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$29K$35K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1K$1K
Total assetsLn 16$43K$42K
LiabilitiesLn 26$11K$34K
Net assetsLn 32$31K$8K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$55K$55K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$748$748
Payroll taxesLn 10$16K$16K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$1K$1K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$50$50
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$149$149
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$343$343
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$7K$7K$350
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$86K$84K$1K$50

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $0$6K−$6K$3K 990 PDF
FY2020 Viewing $63K$86K−$23K$8K 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 $62,641 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $169,849$62,641
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $169,849$62,641
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $102,967$71,790
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $66,942$13,883
I-18 Total expensesPrior year $169,909$85,673
I-19 Revenue less expensesPrior year −$60−$23,032
Part VI · Governance 2 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
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 $62,641 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $62,641$62,641
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $62,641$62,641
Part IX · Statement of functional expenses $85,673 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $54,542$54,542
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $748$748
IX-10 Payroll taxesPrograms $16,500$16,500
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $1,050$1,050
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionFundraising $50$50
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $149$149
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $343$343
IX-23 InsurancePrograms $2,222$2,222
IX-24 Other expenses (24a–d)Programs $7,077 · Management $350$7,427
IX-24e All other expensesPrograms $2,642$2,642
IX-25 Total functional expensesPrograms $84,223 · Management $1,400 · Fundraising $50$85,673
Part X · Balance sheet $42,398 assets, 18 lines filed
Asset lines not itemized here account for $278; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $29,064$35,121
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $9,780$3,603
X-8 Inventories for sale or useStart of year $2,286$2,286
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $1,452$1,109
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $1$1
X-16 Total assetsStart of year $42,861$42,398
X-17 Accounts payable and accrued expensesStart of year $11,491$11,491
X-26 Total liabilitiesStart of year $11,491$34,060
X-27 Net assets without donor restrictionsStart of year $31,370$8,338
X-32 Total net assets or fund balancesStart of year $31,370$8,338
X-33 Total liabilities and net assetsStart of year $42,861$42,398
Part XI · Reconciliation of net assets $8,338 net assets at year end
XI-1 Total revenue$62,641
XI-2 Total expenses$85,673
XI-3 Revenue less expenses−$23,032
XI-4 Net assets at start of year$31,370
XI-10 Net assets at end of year$8,338

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

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