Civic Intelligence

The Penny Brown Reynolds Foundation Inc

EIN 26-3525905 • 501(c)3 • Atlanta, GA

Profile

The Foundation is a charitable, tax exempt organization, dedicated to strenghtening families, women, youth and children by providing a voice for the poor through education, advocacy and service.

2280 Godby Rd Suite 105Atlanta, GA 30349
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

64th percentile

0.00x

Higher debt load relative to assets than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

74th percentile

0.02x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

70th percentile

15%

Higher net margin than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

61st percentile

3.7%

Faster asset growth than 61% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

16th percentile

-56%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$324,099

Up $11,536 (+3.7%) from 2018

Liabilities

Up

$1,440

Up $1,440 from 2018

Net Assets

Up

$322,659

Up $10,096 (+3.2%) from 2018

Revenue

Down

$66,589

Down $85,873 (-56%) from 2018

Expenses

Down

$56,494

Down $64,726 (-53%) from 2018

Net Income

Down

$10,095

Down $21,147 (-68%) from 2018

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2015: $180,436Liabilities 2015: $4,756Net Assets 2015: $175,6802015Assets 2016: $208,922Liabilities 2016: $302Net Assets 2016: $208,6202016Assets 2017: $282,388Liabilities 2017: $0Net Assets 2017: $282,3882017Assets 2018: $312,563Liabilities 2018: $0Net Assets 2018: $312,5632018Assets 2019: $324,099Liabilities 2019: $1,440Net Assets 2019: $322,6592019

Highlighted filing

2019

Assets$324,099
Liabilities$1,440
Net Assets$322,659

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0Revenue 2015: $245,751Expenses 2015: $178,334Net Income 2015: $67,4172015Revenue 2016: $168,155Expenses 2016: $135,215Net Income 2016: $32,9402016Revenue 2017: $207,229Expenses 2017: $133,460Net Income 2017: $73,7692017Revenue 2018: $152,462Expenses 2018: $121,220Net Income 2018: $31,2422018Revenue 2019: $66,589Expenses 2019: $56,494Net Income 2019: $10,0952019

Highlighted filing

2019

Revenue$66,589
Expenses$56,494
Net Income$10,095

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 6, 2020
Return Version
2019v5.1
Gross Receipts
$66,589
Mission and Program Overview

Mission

The Foundation is a charitable, tax exempt organization, dedicated to strenghtening families, women, youth and children by providing a voice for the poor through education, advocacy and service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$312,563$324,099▲ $11,536
Total Assets$312,563$324,099▲ $11,536
Liabilities
Accounts Payable and Accrued Expenses-$1,440-
Total Liabilities$0$1,440▲ $1,440
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$312,563$322,659▲ $10,096
Total Net Assets Fund Balance$312,563$322,659▲ $10,096
Total Liabilities and Net Assets / Fund Balance$312,563$324,099▲ $11,536
Compensation and Service Providers

Board Members and Trustees

NameTitle
Penny Brown ReynoldsPresident & CEO
Edward S ReynoldsVice President & CFO
Erica WilsonBoard member
Keisha BrownBoard Member
Michael Armour JrBoard Member
Deborah DeJoieSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$66,426
Program Service Revenue
$0
Investment Income
$163
Other Revenue
$0
Change in Net Assets
$10,095
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$56,494
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$46,996--$46,996
Fees for Services Legal$3,000--$3,000
Fees for Services Accounting$2,500--$2,500
Office Expenses$1,559--$1,559
All Other Expenses$582--$582
Other Expenses$214--$214
Interest$87--$87
Advertising$80--$80
Total Functional Expenses$56,494$0$0$56,494
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

The family relationship is that the President & CEO, Penny Brown Reynolds, is married to the Vice President & CFO, Edward S. Reynolds.

Form 990 governing body review Part VI line 11

The Form 990 will be completed annually by a Certified Public Accountant and copies will be provided to the entire governing Board as well as the Presdient/CEO of the organization. At that time, the President/CEO will review the Form 990 with the fiscal officer. Any necessary changes, if any, will then be updated on the form. Once all necessary changes are made and the President/CEO is in agreement with the fiscal officer on the finished Form 990, it will be signed by the President/CEO, dated and submitted by the filing deadline. A copy of the approved Form 990 will be provided to all of the officers and directors before the return is filed.

Conflict of interest policy compliance Part VI line 12C

The conflict of interest policy is reviewed during the annual meeting to review and approve the Form 990. During that review, Board members will be asked to report existing conflicts or confirm that no conflicts exist. Board members will also be asked to renew receipt of the written conflict of interest policy.

CEO executive director top management comp Part VI line 15A

The process for determining compensation would be determined by the Board if and when compensation is paid to top management. Presently, there are no paid staff members. Individuals volunteer for particular projects sponsored by the Foundation.

Other officer or key employee compensation Part VI line 15B

The process for determining compensation would be determined by the Board if and when compensation is paid to officers or key employees other than top management. Presently, there are no paid officers or employees. Individuals volunteer for particular projects sponsored by the Foundation.

Governing documents etc available to public Part VI line 19

All governing documents, conflict of interest policy, and financial statements are made available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
The Penny Brown Reynolds Foundation Inc
EIN
26-3525905
Address
2280 Godby Rd Suite 105, Atlanta, GA 30349

Signing Officer

Name
Penny Brown Reynolds
Title
President & CEO
Phone
4047689002
Signed
2020-07-06
Discuss with paid preparer
No

Organization Details

Principal Officer
Penny Brown Reynolds
Formed
2009
Legal Domicile
Ga
Voting Board Members
6
Independent Board Members
4
Employees
0

Preparer

Firm
Shirley A Langley CPA
Address
1106 Ralph D Abernathy Blvd SW, Atlanta, GA 30310
Preparer
Shirley Langley
Phone
4047555533
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Change in net assets was due to rounding.

General explanation attachment

Continuation of Achievements (Page 2, Part III)Justice Issues, Womens Entrepreneurial Development Workshops, Financial Education Workshops, Home Buying and Credit Repair Workshops, Saturday Tutorial Programs, Drug Awareness and Prevention Programs, HIV/AIDS testing and Education, Womens Self-Esteem Workshop and Co-Sponsored Homeless Advocacy Groups.

Raw XML Appendix327 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The family relationship is that the President & CEO, Penny Brown Reynolds, is married to the Vice President & CFO, Edward S. Reynolds.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 will be completed annually by a Certified Public Accountant and copies will be provided to the entire governing Board as well as the Presdient/CEO of the organization. At that time, the President/CEO will review the Form 990 with the fiscal officer. Any necessary changes, if any, will then be updated on the form. Once all necessary changes are made and the President/CEO is in agreement with the fiscal officer on the finished Form 990, it will be signed by the President/CEO, dated and submitted by the filing deadline. A copy of the approved Form 990 will be provided to all of the officers and directors before the return is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The conflict of interest policy is reviewed during the annual meeting to review and approve the Form 990. During that review, Board members will be asked to report existing conflicts or confirm that no conflicts exist. Board members will also be asked to renew receipt of the written conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The process for determining compensation would be determined by the Board if and when compensation is paid to top management. Presently, there are no paid staff members. Individuals volunteer for particular projects sponsored by the Foundation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The process for determining compensation would be determined by the Board if and when compensation is paid to officers or key employees other than top management. Presently, there are no paid officers or employees. Individuals volunteer for particular projects sponsored by the Foundation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All governing documents, conflict of interest policy, and financial statements are made available to the public upon written request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Change in net assets was due to rounding.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Continuation of Achievements (Page 2, Part III)Justice Issues, Womens Entrepreneurial Development Workshops, Financial Education Workshops, Home Buying and Credit Repair Workshops, Saturday Tutorial Programs, Drug Awareness and Prevention Programs, HIV/AIDS testing and Education, Womens Self-Esteem Workshop and Co-Sponsored Homeless Advocacy Groups.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7General explanation attachment
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IRS990/TotalLiabilitiesGrp/EOYAmt01440
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0312563
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0322659
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt056494
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0163
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt066589
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0312563
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0324099
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-11-06 18:47:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Penny Brown Reynolds
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04047689002
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Penny Brown Reynolds Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0PENN
ReturnHeader/Filer/EIN0263525905
ReturnHeader/Filer/USAddress/AddressLine1Txt02280 Godby Rd Suite 105
ReturnHeader/Filer/USAddress/CityNm0Atlanta
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030349
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0324B1476FED0ACC9B1C6EEF4D1B662965FD4303C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0324B1476FED0ACC9B1C6EEF4D1B662965FD4303C
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId05869642020189zfpx4ha
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-07-07
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.73.195.182
ReturnHeader/FilingSecurityInformation/IPDt02020-07-07
ReturnHeader/FilingSecurityInformation/IPTm016:18:52
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0582178122
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Shirley A Langley CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01106 Ralph D Abernathy Blvd SW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Atlanta
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030310
ReturnHeader/PreparerPersonGrp/PhoneNum04047555533
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Shirley Langley
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-07-07T16:08:46-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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