Civic Intelligence

Patrick Peterson Foundation for Success Inc

EIN 80-0764100 • 501(c)3 • Charlotte, NC

Charlotte, NC
Siviq Scores

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

Liabilities / Assets

73rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE T30 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

73rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE T30 • <$500k nonprofits • Source year 2019

Net Margin

52nd percentile

5.2%

Higher net margin than 52% of similar nonprofits.

NTEE T30 • <$500k nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

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

NTEE T30 • <$500k nonprofits • Source year 2019

Asset Growth

75th percentile

28%

Faster asset growth than 75% of similar nonprofits.

NTEE T30 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

37th percentile

-18%

Faster revenue growth than 37% of similar nonprofits.

NTEE T30 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$246,825

Up $53,628 (+28%) from 2018

Liabilities

Flat

$0

Flat from 2018

Net Assets

Up

$246,825

Up $53,628 (+28%) from 2018

Revenue

Down

$210,764

Down $44,753 (-18%) from 2018

Expenses

Down

$199,727

Down $19,137 (-8.7%) from 2018

Net Income

Down

$11,037

Down $25,616 (-70%) from 2018

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2012: $1Liabilities 2012: $02012Assets 2014: $35,553Liabilities 2014: $0Net Assets 2014: $35,5532014Assets 2015: $165,914Liabilities 2015: $0Net Assets 2015: $165,9142015Assets 2016: $90,524Liabilities 2016: $0Net Assets 2016: $90,5242016Assets 2017: $156,544Liabilities 2017: $0Net Assets 2017: $156,5442017Assets 2018: $193,197Liabilities 2018: $0Net Assets 2018: $193,1972018Assets 2019: $246,825Liabilities 2019: $0Net Assets 2019: $246,8252019

Highlighted filing

2019

Assets$246,825
Liabilities$0
Net Assets$246,825

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Revenue 2014: $261,230Expenses 2014: $225,677Net Income 2014: $35,5532014Revenue 2015: $373,697Expenses 2015: $243,339Net Income 2015: $130,3582015Revenue 2016: $340,195Expenses 2016: $415,585Net Income 2016: -$75,3902016Revenue 2017: $283,355Expenses 2017: $217,335Net Income 2017: $66,0202017Revenue 2018: $255,517Expenses 2018: $218,864Net Income 2018: $36,6532018Revenue 2019: $210,764Expenses 2019: $199,727Net Income 2019: $11,0372019

Highlighted filing

2019

Revenue$210,764
Expenses$199,727
Net Income$11,037

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$269,345
Mission and Program Overview

Mission

The mission of the patrick peterson foundation for success is to provide low-income and inner city youth with opportunities and resources to reach their full potential.

The mission of the patrick peterson foundation for success is to provide low-income and inner-city youth with opportunities and resources to reach their full potential.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$177,207$246,825▲ $69,618
Rtn Earn Endowment Incm Other Fnds$177,207$246,825▲ $69,618
Total Assets$177,207$246,825▲ $69,618
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$177,207$246,825▲ $69,618
Total Liabilities and Net Assets / Fund Balance$177,207$246,825▲ $69,618
Compensation and Service Providers

Board Members and Trustees

NameTitle
Patrick PetersonPresidentdirector
Antonique PetersonSecretarytreasurerdirector
Revenue and Support

Revenue Composition

Contributions and Grants
$144,566
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$66,198
Change in Net Assets
$11,037
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$166,497
Total Fundraising Expense$44,026
Professional Fundraising Fees$20,230
Grants and Similar Amounts Paid$13,000
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$42,000$9,000$9,000$60,000
Fees for Services Professional Fundraising--$20,230$20,230
Conferences and Meetings$14,141$3,030$3,030$20,201
Travel$13,933$2,986$2,986$19,905
Other Expenses$12,310$2,638$2,638$17,586
Fees for Services Accounting$10,500$2,250$2,250$15,000
Grants to Domestic Orgs$13,000--$13,000
Advertising$7,852$1,682$1,682$11,216
Fees for Services Other$7,856--$7,856
Fees for Services Legal$3,603$772$772$5,147
Office Expenses$3,133$671$671$4,475
Insurance$1,436$308$308$2,052
Total Functional Expenses$131,905$23,796$44,026$199,727
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
United Food BankMesa, AZC 3Food Bank$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$124,779
Fundraising Direct Expenses$58,581
Professional Fundraising Fees$20,230

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf$210,764$66,198-$66,198
Total Events$210,764$66,198-$66,198
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
No
Annual disclosure for covered persons
Yes
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 organization contemporaneously documented the meetings held by each committee with authority to act on behalf of the governing body.

Form 990 governing body review Part VI line 11

The draft form 990 is reviewed and approved by the governing body and legal counsel before the return is filed with the irs.

Conflict of interest policy compliance Part VI line 12C

Members of the board of directors review and sign the conflict of interest policy on an annual basis. For any items that present a conflict of interest, any director that is conflicted abstains from participating in discussion or voting on such issue.

CEO executive director top management comp Part VI line 15A

It was determined that there are no compensated persons, inlcuding ceo, executive director, or top management official.

Other officer or key employee compensation Part VI line 15B

It was determined that there are no compensated persons, including other officers or key employees of the organization.

Governing documents etc available to public Part VI line 19

All documents subject to public disclosure are available upon request.

Filing and Contact Details

Filer

Filer Name
Patrick Peterson Foundation for Success
EIN
80-0764100
Address
PO BOX 471113, Charlotte, NC 28247-1113

Signing Officer

Name
Patrick Peterson
Title
President
Phone
9802189763
Signed
2020-11-16
Discuss with paid preparer
No

Organization Details

Formed
2012
Legal Domicile
Az
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
20

Preparer

Firm
Sonia Amin CPA PC
Address
PO Box 471113, Charlotte, NC 28247
Preparer
Sonia Amin
Phone
9802189763
Raw XML Appendix359 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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IRS990/FormerOfcrEmployeesListedInd0false
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IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt02
IRS990/GrantAmt03000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt013000
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IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0269345
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt0308
IRS990/InsuranceGrp/ManagementAndGeneralAmt0308
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IRS990/InsuranceGrp/TotalAmt02052
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0AZ
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt0246825
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt066198
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc0AUCTION
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/Desc2LICENSES & PERMITS
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IRS990/ProgSrvcAccomActy2Grp/Desc0SHOP WITH A JOCK - WITH THE HELP OF SANTA, PATRICK HOSTS SHOP WITH A JOCK-A FESTIVE HOLIDAY EVENT FOR LOW-INCOME AND AT-RISK INNER-CITY FAMILIES, WHO WOULD, OTHERWISE, HAVE A VERY LIMITED CHRISTMAS. THE EVENT IS HELD AT A PHOENIX-AREA RETAILER WHERE THEY RECEIVE A PRE-BAGGED HOLIDAY MEAL AND A UNIQUE HOLIDAY SHOPPING EXPERIENCE.
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0C 3
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IRS990ScheduleI/RecipientTable/RecipientEIN0860505273
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0245 SOUTH NINA DRIVE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION CONTEMPORANEOUSLY DOCUMENTED THE MEETINGS HELD BY EACH COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DRAFT FORM 990 IS REVIEWED AND APPROVED BY THE GOVERNING BODY AND LEGAL COUNSEL BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS OF THE BOARD OF DIRECTORS REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. FOR ANY ITEMS THAT PRESENT A CONFLICT OF INTEREST, ANY DIRECTOR THAT IS CONFLICTED ABSTAINS FROM PARTICIPATING IN DISCUSSION OR VOTING ON SUCH ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IT WAS DETERMINED THAT THERE ARE NO COMPENSATED PERSONS, INLCUDING CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IT WAS DETERMINED THAT THERE ARE NO COMPENSATED PERSONS, INCLUDING OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL DOCUMENTS SUBJECT TO PUBLIC DISCLOSURE ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
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