Pennacle Foundation INC FY2020 filing

Tax-deductible

Los Angeles, CA501(c)(3)Mental HealthEIN 91-1960461Revenue $636K in FY2020

On file with the IRSpennaclefoundationinc.orgPo Box 18224, 90018-0224 · Los Angeles, CATax-exempt since Oct 2000Publicly supported charity — 170(b)(1)(A)(vi)

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Residential care and treatment for emotionally and physically neglected children

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$84 paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $176K a year · 32% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$84
to officers and key staff · <0.01% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$575K
495% of total assets
Concern: liabilities are 495% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 5 voting members
Worth a look: 2 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$636K
Spent
$946K
To programs
85%
Net assets
−$459K
By yearFY2020–FY2023
Revenue
$636K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$636K
FY2021$486K
FY2022$576K
FY2023$503K
Expenses
$946K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$946K
FY2021$519K
FY2022$814K
FY2023$626K
Net assets
−$459K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$459K
FY2021−$505K
FY2022−$766K
FY2023−$903K

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 (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Oct 2000.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $802K Management & general 15% · $144K

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; $84 paid to officers and key staff.

Part VII, Section A · reportable compensation
$46Pt VII · Sec A
Exec Dir of Programs
$38Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Carolyn C Ruffin’s $38 as Exec Dir of Programs is at the 1st percentile of top reported officer pay among 185 <$100K 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

NameFY2022FY2020
Lawrence L Thomas—$46
Carolyn C Ruffin$38$38

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.

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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

Provides residential care and treatment for neglected children.

Provided by the organization

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1 program · $946K · in their own filed words · FY2020
01

Program is a state licensed provider of services under title 22 foster care services. Progam maintains residential facilities that house 6 youth in the age range of 12 - 17 who are in the fostercare system. Program provides mental health treatment and life skills training.

$946Kprogram 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$15K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$636K
Ln 12
Fees for servicesLn 2g$611K
Gifts and grantsLn 1h$25K
Money outPt IX
$946K
Ln 25
Programscol B$802K
Managementcol C$144K
Owns and owesPt X
−$459K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$116K
LiabilitiesLn 26$575K
PeoplePt VI, VII
3
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$25K
Fundraising eventsLn 1c$25K
Fees for servicesLn 2g$611K
Total revenueLn 12$636K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Land, buildings, equipmentLn 10c$10K
Other assetsLn 15$25K
Total assetsLn 16$116K
LiabilitiesLn 26$575K
Net assetsLn 32−$459K
OperationsPt I, VI
EmployeesI 526
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$1K$3K
Land, buildings, equipmentLn 10c$17K$10K
Total assetsLn 16$145K$116K
LiabilitiesLn 26$318K$575K
Net assetsLn 32−$173K−$459K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$66K$66K
Other salaries and wagesLn 7$529K$511K$18K
Other employee benefitsLn 9$33K$30K$3K
Payroll taxesLn 10$59K$51K$7K
Legal feesLn 11b$747$747
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$2K$2K$54
Office expensesLn 13$8K$3K$5K
Information technologyLn 14$10K$9K$2K
OccupancyLn 16$106K$86K$21K
TravelLn 17$17K$15K$2K
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$67K$67K
All other expensesLn 24e$11K$7K$4K
Total functional expensesLn 25$946K$802K$144K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $503K$626K−$123K−$903K 990 PDF
FY2022 $576K$814K−$237K−$766K 990 PDF
FY2021 $486K$519K−$33K−$505K 990 PDF
FY2020 Viewing $636K$946K−$310K−$459K 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 $635,669 revenue, 12 lines filed
I-8 Contributions and grants$25,146
I-9 Program service revenue$610,523
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$635,669
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$687,084
I-16a Professional fundraising fees$0
I-17 Other expenses$258,875
I-18 Total expenses$945,959
I-19 Revenue less expenses−$310,290
Part VI · Governance 2 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members2
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $635,669 across 6 lines filed
VIII-1c Fundraising events$25,000
VIII-1f All other contributions, gifts and grants$25,146
VIII-1h Total contributions, gifts and grants$25,146
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $610,523$610,523
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $610,523$635,669
Part IX · Statement of functional expenses $945,959 across 16 lines filed
IX-5 Pay of current officers, directors and key staffManagement $66,500$66,500
IX-7 Other salaries and wagesPrograms $511,194 · Management $17,500$528,694
IX-9 Other employee benefitsPrograms $30,069 · Management $3,111$33,180
IX-10 Payroll taxesPrograms $51,235 · Management $7,475$58,710
IX-11b Legal feesManagement $747$747
IX-11c Accounting feesManagement $15,631$15,631
IX-11g Other fees for servicesPrograms $1,757 · Management $54$1,811
IX-13 Office expensesPrograms $3,367 · Management $4,954$8,321
IX-14 Information technologyPrograms $8,583 · Management $1,583$10,166
IX-16 OccupancyPrograms $85,870 · Management $20,583$106,453
IX-17 TravelPrograms $15,298 · Management $2,000$17,298
IX-19 Conferences, conventions and meetingsPrograms $2,251$2,251
IX-22 Depreciation, depletion and amortizationPrograms $6,916$6,916
IX-23 InsurancePrograms $11,388$11,388
IX-24 Other expenses (24a–d)Programs $66,776$66,776
IX-24e All other expensesPrograms $7,377 · Management $3,740$11,117
IX-25 Total functional expensesPrograms $802,081 · Management $143,878 · Fundraising $0$945,959
Part X · Balance sheet $116,133 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,241$3,369
X-4 Accounts receivableStart of year $70,354$75,366
X-9 Prepaid expenses and deferred chargesStart of year $3,372$2,286
X-10c Land, buildings and equipment, netStart of year $16,832$9,916
X-15 Other assetsStart of year $53,134$25,196
X-16 Total assetsStart of year $144,933$116,133
X-17 Accounts payable and accrued expensesStart of year $62,314$31,985
X-25 Other liabilitiesStart of year $212,876$538,311
X-26 Total liabilitiesStart of year $317,574$574,766
X-32 Total net assets or fund balancesStart of year −$172,641−$458,633
X-33 Total liabilities and net assetsStart of year $144,933$116,133
Part XI · Reconciliation of net assets −$458,633 net assets at year end
XI-1 Total revenue$635,669
XI-2 Total expenses$945,959
XI-3 Revenue less expenses−$310,290
XI-4 Net assets at start of year−$172,641
XI-10 Net assets at end of year−$458,633

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

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