Civic Intelligence

Public Asset Management Inc

EIN 27-0231297 • 501(c)3 • West Pittston, PA

Profile

Acquisition of tax claims from govt taxing auth

16 Luzerne AvenueWest Pittston, PA 18643

n/A

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.00x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

62nd percentile

9.1%

Higher net margin than 62% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

62nd percentile

5.2%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

48th percentile

-2.9%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Down

$81,510

Down $10,760 (-12%) from 2022

Liabilities

Flat

$335

Flat from 2022

Net Assets

Down

$81,175

Down $10,760 (-12%) from 2022

Operations
Liabilities / Revenue66th percentileNet Margin62nd percentile

Revenue

Down

$32,294

Down $18,167 (-36%) from 2022

Expenses

Down

$43,054

Down $2,838 (-6.2%) from 2022

Net Income

Down

-$10,760

Down $15,329 (-336%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth62nd percentile

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

$150K$100K$50K$0Assets 2016: $96,842Liabilities 2016: $235Net Assets 2016: $96,6072016Assets 2017: $130,072Liabilities 2017: $365Net Assets 2017: $129,7072017Assets 2019: $98,132Liabilities 2019: $365Net Assets 2019: $97,7672019Assets 2020: $96,905Liabilities 2020: $365Net Assets 2020: $96,5402020Assets 2021: $87,701Liabilities 2021: $335Net Assets 2021: $87,3662021Assets 2022: $92,270Liabilities 2022: $335Net Assets 2022: $91,9352022Assets 2023: $81,510Liabilities 2023: $335Net Assets 2023: $81,1752023

Highlighted filing

2023

Assets$81,510
Liabilities$335
Net Assets$81,175
Open 2023 Filing

Operations Trend

Revenue Growth48th percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2016: $69,443Expenses 2016: $51,212Net Income 2016: $18,2312016Revenue 2017: $166,478Expenses 2017: $133,378Net Income 2017: $33,1002017Revenue 2019: $39,829Expenses 2019: $47,479Net Income 2019: -$7,6502019Revenue 2020: $47,710Expenses 2020: $48,937Net Income 2020: -$1,2272020Revenue 2021: $51,953Expenses 2021: $61,127Net Income 2021: -$9,1742021Revenue 2022: $50,461Expenses 2022: $45,892Net Income 2022: $4,5692022Revenue 2023: $32,294Expenses 2023: $43,054Net Income 2023: -$10,7602023

Highlighted filing

2023

Revenue$32,294
Expenses$43,054
Net Income-$10,760
Open 2023 Filing

Filings

Most recent year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$81,510
Liabilities
$335
Net assets
$81,175
Revenue
$32,294
Expenses
$43,054
Net income
-$10,760
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.81$0.32$0.43$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$0.50$0.46$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.87$0.52$0.61$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$0.48$0.49$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$0.40$0.47$0.08
2017Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$1.66$1.33$0.33
2016Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$0.69$0.51$0.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$32,294
Mission and Program Overview

Mission

Acquisition of tax claims from govt taxing auth

Program Services

DescriptionGrantsExpenses
ACQUISITION OF TAX CLAIMS FROM GOVERNMENT TAXING AUTHORITIES AND ALL LAWFUL BUSINESS FOR WHICH CORPORATIONS MAY BE INCORPORATED.-$43,054
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARGARET THOMASPresident-$0--
ANDY REILLYSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Public Asset Management Inc
EIN
27-0231297
Address
16 LUZERNE AVENUE, WEST PITTSTON, PA 18643

Signing Officer

Name
Margaret Thomas
Title
President
Phone
5706553329
Signed
2024-11-15

Preparer

Firm
J H Williams & Co LLC
Address
230 WYOMING AVE FL 2, KINGSTON, PA 18704
Preparer
Raymond G Zavada
Phone
5702883651
Supplemental Narrative

Additional Explanations

Form 990-ez, Part II, Line 24

“Accounts receivable 16,492 13,792 due from redevelopment authy luz cty 30,099 30,099 computer equip, net of accum dep 5,299 5,299 total 51,890 49,190”

Form 990-ez, Part II, Line 26

“ACCOUNTS PAYABLE 335 335”

Raw XML Appendix107 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0PUBLIC ASSET MANAGEMENT
IRS990EZ/BooksInCareOfDetail/PhoneNum05706553329
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt016 LUZERNE AVENUE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WEST PITTSTON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd018643
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt040380
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt032320
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt032147
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-10760
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt092270
IRS990EZ/Form990TotalAssetsGrp/EOYAmt081510
IRS990EZ/GrossReceiptsAmt032294
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InvestmentIncomeAmt0147
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt091935
IRS990EZ/NetAssetsOrFundBalancesEOYAmt081175
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt091935
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt081175
IRS990EZ/OccupancyRentUtltsAndMaintAmt043054
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MARGARET THOMAS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ANDY REILLY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt051890
IRS990EZ/OtherAssetsTotalDetail/EOYAmt049190
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0ACQUISITION OF TAX CLAIMS FROM GOVT TAXING AUTH
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ACQUISITION OF TAX CLAIMS FROM GOVERNMENT TAXING AUTHORITIES AND ALL LAWFUL BUSINESS FOR WHICH CORPORATIONS MAY BE INCORPORATED.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt043054
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0335
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0335
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt043054
IRS990EZ/TotalProgramServiceExpensesAmt043054
IRS990EZ/TotalRevenueAmt032294
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt032147
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt032147
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0147
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt032147
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt032147
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt032147
IRS990ScheduleA/TotalSupportAmt032147
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACCOUNTS RECEIVABLE 16,492 13,792 DUE FROM REDEVELOPMENT AUTHY LUZ CTY 30,099 30,099 COMPUTER EQUIP, NET OF ACCUM DEP 5,299 5,299 TOTAL 51,890 49,190
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS PAYABLE 335 335
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MARGARET THOMAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05706553329
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PUBLIC ASSET MANAGEMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0PUBL
ReturnHeader/Filer/EIN0270231297
ReturnHeader/Filer/USAddress/AddressLine1Txt016 LUZERNE AVENUE
ReturnHeader/Filer/USAddress/CityNm0WEST PITTSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd018643
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0851446081
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0J H WILLIAMS & CO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0230 WYOMING AVE FL 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KINGSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd018704
ReturnHeader/PreparerPersonGrp/PhoneNum05702883651
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RAYMOND G ZAVADA
ReturnHeader/ReturnTs02024-11-15T16:23:53-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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