P1440 Org Foundation INC FY2023 filing

Tax-deductible

Thousand Oaks, CA501(c)(3)Mental HealthEIN 88-4008504

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P1440 aims to unite, empower, and inspire through the transformative sport of beach volleyball.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$298K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $33K a year · 2% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$298K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $715K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$161K
69% of total assets
Worth a look: liabilities are 69% 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
$1.2M
Spent
$1.2M
To programs
70%
Net assets
$73K
By yearFY2023–FY2024
Revenue
$1.2M
FY2023
Revenue by fiscal year
FY2023$1.2M
FY2024$1.5M
Expenses
$1.2M
FY2023
Expenses by fiscal year
FY2023$1.2M
FY2024$1.6M
Net assets
$73K
FY2023
Net assets by fiscal year
FY2023$73K
FY2024−$63K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2023.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $808K Management & general 24% · $272K Fundraising 7% · $75K

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

4 people listed on the 990; $298K paid to officers and key staff.

Part VII, Section A · reportable compensation
$208,442Pt VII · Sec A
$90,000Pt VII · Sec A
Director/Treasurer/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

E Ashley Dean’s $225K as CEO is at the 90th percentile of top reported officer pay among 1683 $1–10M mental health 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.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023
E Ashley Dean$225,000$208,442
Kerri Walsh Jennings$120,000$90,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See P1440 Org 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Unites, empowers, and inspires through beach volleyball.

Provided by the organization

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1 program · $808K · in their own filed words · FY2023
01

Founded by four-time Olympian, three-time gold medalist and all-time beach volleyball leader in career victories, Kerri Walsh Jennings, p1440.org Foundation ("P1440") focuses its charitable mission on providing resources for aspiring athletes, coaches, clubs, fans and all those seeking to live a life full of intention and inspiration…

$808Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$715K
Grants paid · 1 grant · $25K · 2024–2024
Unitemized GrantFY2024$24,900

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.0M
Fees for servicesLn 2g$222K
Investment incomeLn 3$1
Money outPt IX
$1.2M
Ln 25
Programscol B$808K
Managementcol C$272K
Fundraisingcol D$75K
Owns and owesPt X
$73K
net assets · Ln 32
Cash and savingsLn 1–2$99K
Total assetsLn 16$234K
LiabilitiesLn 26$161K
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Fundraising eventsLn 1c$19K
Fees for servicesLn 2g$222K
Investment incomeLn 3$1
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$1K
SavingsLn 2$98K
Cash and savings togetherLn 1–2$99K
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$0
Total assetsLn 16$234K
LiabilitiesLn 26$161K
Net assetsLn 32$73K
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
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 FY23End FY23
Cash and savingsLn 1–2$4K$99K
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$4K$234K
LiabilitiesLn 26$0$161K
Net assetsLn 32$4K$73K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K$2K
Pay of current officers, directors and key staffLn 5$90K$63K$18K$9K
Management feesLn 11a$534K$374K$107K$53K
Legal feesLn 11b$27K$19K$5K$3K
Accounting feesLn 11c$53K$53K
Other fees for servicesLn 11g$67K$47K$20K$0
Advertising and promotionLn 12$102K$72K$20K$10K
Office expensesLn 13$24K$20K$5K
Information technologyLn 14$1K$1K
OccupancyLn 16$8K$8K
TravelLn 17$79K$75K$4K
Conferences, conventions and meetingsLn 19$798$798
InsuranceLn 23$10K$3K$8K
Other expenses (24a–d)Ln 24$155K$133K$22K
All other expensesLn 24e$2K$2K$0$0
Total functional expensesLn 25$1.2M$808K$272K$75K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.5M$1.6M−$136K−$63K 990 PDF
FY2023 Viewing $1.2M$1.2M$70K$73K 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 $1,224,777 across 7 lines filed
Lines not itemized here account for −$6,461 of total revenue; see the IRS return.
VIII-1c Fundraising events$19,350
VIII-1f All other contributions, gifts and grants$991,420
VIII-1h Total contributions, gifts and grants$1,010,770
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $221,817$221,817
VIII-3 Investment incomeExcluded from tax $1$1
VIII-8 Net income from fundraising eventsExcluded from tax −$1,350−$1,350
VIII-12 Total revenueRelated to mission $215,356 · Unrelated business $0 · Excluded from tax −$1,349$1,224,777
Part IX · Statement of functional expenses $1,155,067 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $1,650$1,650
IX-5 Pay of current officers, directors and key staffPrograms $63,000 · Management $18,000 · Fundraising $9,000$90,000
IX-11a Management feesPrograms $373,800 · Management $106,800 · Fundraising $53,400$534,000
IX-11b Legal feesPrograms $18,767 · Management $5,362 · Fundraising $2,681$26,810
IX-11c Accounting feesManagement $53,348$53,348
IX-11g Other fees for servicesPrograms $46,821 · Management $20,066 · Fundraising $0$66,887
IX-12 Advertising and promotionPrograms $71,659 · Management $20,474 · Fundraising $10,237$102,370
IX-13 Office expensesPrograms $19,624 · Management $4,792$24,416
IX-14 Information technologyManagement $1,071$1,071
IX-16 OccupancyManagement $7,556$7,556
IX-17 TravelPrograms $74,906 · Management $3,759$78,665
IX-19 Conferences, conventions and meetingsManagement $798$798
IX-23 InsurancePrograms $2,683 · Management $7,607$10,290
IX-24 Other expenses (24a–d)Programs $132,803 · Management $22,376$155,179
IX-24e All other expensesPrograms $2,027 · Management $0 · Fundraising $0$2,027
IX-25 Total functional expensesPrograms $807,740 · Management $272,009 · Fundraising $75,318$1,155,067
Part X · Balance sheet $234,051 assets, 14 lines filed
Asset lines not itemized here account for $165; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $3,726$1,125
X-2 Savings and temporary cash investments$97,825
X-4 Accounts receivable$18,506
X-8 Inventories for sale or use$97,375
X-9 Prepaid expenses and deferred charges$14,972
X-10c Land, buildings and equipment, net$4,083
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $3,726$234,051
X-17 Accounts payable and accrued expenses$64,190
X-19 Deferred revenue$96,425
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$160,615
X-32 Total net assets or fund balancesStart of year $3,726$73,436
X-33 Total liabilities and net assetsStart of year $3,726$234,051
Part XI · Reconciliation of net assets $73,436 net assets at year end
XI-1 Total revenue$1,224,777
XI-2 Total expenses$1,155,067
XI-3 Revenue less expenses$69,710
XI-4 Net assets at start of year$3,726
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$73,436

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

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