Perspectability INC EIN 84-2694895

Perspectability INC FY2023 filing

EIN  84-2694895 Public foundation / grantmaker Centerton, AR
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports neurodivergent adults with housing, education, and independent living, fostering self-advocacy and community inclusion.
Leadership
Kelli Jensen · President
Money in and out
$165K revenue, $111K expenses
Bottom line
93% program efficiency

Supports neurodivergent adults with housing, education, and independent living, fostering self-advocacy and community inclusion. For fiscal year 2023 it reported $165K in revenue, $111K in expenses, and $241K in net assets.Pt I

Grants paid & assets · FY2023
Total revenue
$165K
Pt VIII · Ln 12
Total expenses
$111K
Pt IX · Ln 25
Net assets
$241K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $55K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.07
Program efficiency
93%
of spending reaches programs
Operating runway
11.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+33%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$165K
FY2023▼ -8%
Expenses
$111K
FY2023
Total assets
$616K
FY2023
Total liabilities
$375K
FY2023
Total revenue
$165K
Pt VIII · Ln 12
Total expenses
$111K
Pt IX · Ln 25
Net assets
$241K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$55K
Total assetsPt X · Ln 16$616K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $95K of program spending, described in the organization's own filed words · FY2023.
01

Tulip farm a regional attraction for the northwest arkansas community that provides an opportunity to employ neurodivergent adults while creating a social and educational platform for the community. All proceeds further the perspectability vision for inclusion.

$90Kprogram expense
02

Community collaborationit is within our philosophy to not only work toward the building and supporting of those that are neurodivergent, but also to model and educate the community on the potential barriers and needs. We are working on a community collaboration design that ultimately results in a holistic approach to true inclusion.

$3Kprogram expense
03

Continuing educationgenerate continuing education opportunities with a focus on the individual's choice of skills that will foster growth that meets the current and changing needs of those being served. Residents will have the opportunity to choose to learn new applicable skills to fit their goals.

$3Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPerspectability INC
EINHdr · item D84-2694895
Principal addressHdr · item CCenterton, AR
WebsiteHdr · item Jperspectability.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T50)
Ruling yearIRS BMFApr 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
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
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director of Marketing
$0Pt VII · Sec A
$0Pt VII · Sec A

Natalie Vowell’s $13K as Executive Director is at the 12th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking 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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Statement of Revenue

Part VIII
Program service revenue$124K · 75%
Contributions & grants$42K · 25%
Program service revenue75%$124K
Contributions & grants25%$42K
Total revenueLn 12$165K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$102K
Management & general7%$8K
Total functional expensesLn 25$111K

Balance Sheet

Part X · end of year
CashLn 1$107K
Total assetsLn 16$616K
Total liabilitiesLn 26$375K
Total net assetsLn 32$241K
Months of cash on handcomputed11.6

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $107K · Operating expenses/yr $111K
11.6 months
Where the money goes
Program services
Program services $102K · Total expenses $111K
93%
Management & General
Management & general $8K · Total expenses $111K
7%
Fundraising
Fundraising $0 · Total expenses $111K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $42K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $42K · Total revenue $165K
25%
Government reliance
Government grants — · Total revenue $165K
Earned-income share
Program service revenue $124K · Total revenue $165K
75%
Investment reliance
Investment income $0 · Total revenue $165K
0%
Program self-sufficiency
Program service revenue $124K · Total expenses $111K
112%
Growth & trend
Revenue growth (YoY)
This year $165K · Prior year $180K
-8%
Net-asset trend (YoY)
End of year $241K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $165K · Expenses $111K
+33%
Liabilities-to-Assets
Total liabilities — · Total assets $616K
Net-asset ratio
Net assets $241K · Total assets $616K
39%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $616K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kelli Jensen · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $111K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $111K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 7%
Fundraising cost ratio 0%
Revenue growth -8%
Legal fee ratio 2%
Accounting fee ratio 1%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$21K

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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)$167K revenue · ⤓ 990 PDF
FY2023$165K revenue · viewing · ⤓ 990 PDF
FY2022$180K revenue · ⤓ 990 PDF
FY2021$149K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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