Psatma Endowment Foundation FY2023 filing

Tax-deductible

Everson, WA501(c)(3)Since 2022EducationEIN 87-4110333

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To support the mission of the puget sound antique tractor & machinery association through financial support.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $131K a year · 99% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
3950 mo
of spending, in cash
Looks good: 3950.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$204K
+55% vs prior year
Spent
$620
To programs
0%
Net assets
$327K
By yearFY2022–FY2025
Revenue
$204K
FY2023▲ +55%
Revenue by fiscal year
FY2022$132K
FY2023$204K
FY2024$165K
FY2025$28K
Expenses
$620
FY2023
Expenses by fiscal year
FY2022Not on file
FY2023$620
FY2024$228
FY2025$4K
Net assets
$327K
FY2023▲ +154%
Net assets by fiscal year
FY2022$129K
FY2023$327K
FY2024$501K
FY2025$533K

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2023.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $620

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Psatma Endowment Foundation 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fund antique tractor and machinery preservation and events.

Provided by the organization

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1 program service, described in the organization's own filed words · FY2023.
01

to provide financial security services

Pt IX · col B

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By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$204K
Ln 12
Gifts and grantsLn 1h$201K
Investment incomeLn 3$3K
Money outPt IX
$620
Ln 25
Managementcol C$620
Owns and owesPt X
$327K
net assets · Ln 32
Cash and savingsLn 1–2$204K
Total assetsLn 16$327K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$201K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$3K
Total revenueLn 12$204K
Assets in detailPt X, end of year
CashLn 1$204K
SavingsLn 2$0
Cash and savings togetherLn 1–2$204K
InvestmentsLn 11–13$123K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$327K
LiabilitiesLn 26$0
Net assetsLn 32$327K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$132K$204K
InvestmentsLn 11–13$0$123K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$132K$327K
LiabilitiesLn 26$0$0
Net assetsLn 32$132K$327K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other expenses (24a–d)Ln 24$620$0$620$0
Total functional expensesLn 25$620$0$620$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $28K$4K$24K$533K 990 PDF
FY2024 $165K$228$165K$501K 990 PDF
FY2023 Viewing $204K$620$203K$327K 990 PDF
FY2022 $132K$129K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $204,086 across 13 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$201,005
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$201,005
VIII-3 Investment incomeRelated to mission $3,081 · Unrelated business $0 · Excluded from tax $0$3,081
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $3,081 · Unrelated business $0 · Excluded from tax $0$204,086
Part IX · Statement of functional expenses $620 across 1 line filed
IX-24 Other expenses (24a–d)Programs $0 · Management $620 · Fundraising $0$620
IX-25 Total functional expensesPrograms $0 · Management $620 · Fundraising $0$620
Part X · Balance sheet $326,955 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $131,704$204,087
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$122,868
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $131,704$326,955
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $131,704$326,955
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $131,704$326,955
X-33 Total liabilities and net assetsStart of year $131,704$326,955
Part XI · Reconciliation of net assets $326,955 net assets at year end
XI-1 Total revenue$204,086
XI-2 Total expenses$620
XI-3 Revenue less expenses$203,466
XI-5 Net unrealized gains (losses) on investments−$8,215
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$326,955

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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