Civic Intelligence

Patrick Peterson Foundation for Success Inc.

990 • Fiscal year 2016 • EIN 80-0764100

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 03, 2017

Organization ProfileWWW.PATRICKPETERSON.ORG
PO Box 471113Charlotte, NC 28247

(980) 218-9763

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

75th percentile

0.00x

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

2016 filings • NTEE T • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

75th percentile

0.00x

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

2016 filings • NTEE T • $500k-$1M nonprofits • Source year 2016

Net Margin

39th percentile

-22%

Higher net margin than 39% of similar nonprofits.

2016 filings • NTEE T • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

2016 filings • NTEE T • $500k-$1M nonprofits • Source year 2016

Asset Growth

3rd percentile

-45%

Faster asset growth than 3% of similar nonprofits.

2016 filings • NTEE T • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

50th percentile

-9.0%

Faster revenue growth than 50% of similar nonprofits.

2016 filings • NTEE T • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets75th percentile

Assets

Down

$90,524

Down $75,390 (-45%) from 2015

Net Assets

Down

$90,524

Down $75,390 (-45%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin39th percentile

Revenue

Down

$340,195

Down $33,502 (-9.0%) from 2015

Expenses

Up

$415,585

Up $172,246 (+71%) from 2015

Net Income

Down

-$75,390

Down $205,748 (-158%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2016

Assets$90,524
Liabilities$0
Net Assets$90,524
Open 2016 Filing

Operations Trend

Revenue Growth50th percentile

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$340,195
Expenses$415,585
Net Income-$75,390
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 3, 2017
Return Version
2016v3.0
Gross Receipts
$508,179
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$155,982$74,493▼ $81,489
Inventories for Sale or Use$9,070$16,031▲ $6,961
Accounts Receivable$862--
Total Assets$165,914$90,524▼ $75,390
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$165,914$90,524▼ $75,390
Total Net Assets Fund Balance$165,914$90,524▼ $75,390
Total Liabilities and Net Assets / Fund Balance$165,914$90,524▼ $75,390
Compensation and Service Providers
Top Officer Pay80th percentile

Board Members and Trustees

NameTitle
Patrick PetersonPresident
Antonique PetersonSecretary/ T
Revenue and Support

Revenue Composition

Contributions and Grants
$306,979
Program Service Revenue
$33,200
Investment Income
$14
Other Revenue
$2
All Other Contributions
$75,739
Change in Net Assets
$-75,390
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$334,033
Total Fundraising Expense$204,984
Grants and Similar Amounts Paid$81,552
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$5,082$6,760$114,773$126,615
Fees for Services Management-$55,810$27,905$83,715
Grants to Domestic Individuals$81,552--$81,552
Travel$8,305$108$36,189$44,602
Advertising$17,255$5,255$18,014$40,524
Office Expenses$190$28,874$6,361$35,425
Insurance--$1,742$1,742
Conferences and Meetings-$1,410-$1,410
Total Functional Expenses$112,384$98,217$204,984$415,585
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$159,430
Fundraising Gross Income$128,935
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Celebrity Golf$225,477$66,007-$66,007
Celebrity Waite$134,698$62,928$38,285$24,643
Total Events$360,175$128,935$159,430$-30,495
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
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Patrick peterson antonique peterson president vp husband/wife”

Form 990, Page 6, Part VI, Line 11B

“Return reviewed by board of directors prior to signature and filing.”

Form 990, Page 6, Part VI, Line 12C

“Conflict of interest policy reviewed and discussed at meetings as applicable.”

Form 990, Page 6, Part VI, Line 19

“Documents available upon request”

Filing and Contact Details

Filer

Filer Name
Patrick Peterson Foundation
EIN
80-0764100
Phone
9802189763
Address
PO BOX 471113, CHARLOTTE, NC 28247

Signing Officer

Name
Patrick Peterson
Title
President
Signed
2017-10-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Peterson
Legal Domicile
Fl
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Keith & Associates Pllc
Address
715 BAKEWELL ST, COVINGTON, KY 41011-1227
Preparer
R Frederick Keith
Phone
8592616800
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“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.”

Form 990, Part IX, Line 11G

“Bank/merchant fees 0 2,978 0 contract services 5,082 3,782 0 celebrity waiter night contract services 0 0 8,048 banking/merchant fees 0 0 3,262 0 0 0 celebrity golf outing contract services 0 0 100,051 banking/merchant fees 0 0 3,412 total 5,082 6,760 114,773”

Form 990, Part XI, Line 9

“ROUNDING ADJUSTMENT 0”

Raw XML Appendix347 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/ProgSrvcAccomActy2Grp/Desc0PATRICK PETERSON FOUNDATION ALSO PERFORMS THE FOLLOWING PROGRAM SERVICES: (I) PICK OUT A BOOK - BOOK FAIR AND (II) SHOP WITH A JOCK. PICK OUT A BOOK IS A SCHOLASTIC BOOK FAIR THAT PROVIDES STUDENTS WITH A READING CERTIFICATE TO SELECT A NEW BOOK FROM AMONG 4,000 TITLES TO TAKE HOME TO HELP BUILD HOME LIBRARIES AND FOSTER A LIFELONG LOVE FOR READING. SHOP WITH A JOCK IS A FESTIVE HOLIDAY EVENT FOR LOW-INCOME AND AT-RISK INNER CITY FAMILIES, WHO WOULD, OTHERWISE, HAVE A VERY LIMITED CHRISTMAS, IF ANY AT ALL, AT A PHOENIX-AREA RETAILER WHERE THEY RECEIVE A PRE-BAGGED HOLIDAY MEAL AND A UNIQUE HOLIDAY SHOPPING EXPERIENCE.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE 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.
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0PATRICK'S CORNER
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SHOP WITH A JOCK
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2GENERAL ASSISTANCE
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt22556
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0READING CORNERS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc1HOLIDAY EVENT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc2BOOK FAIR
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt120
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PATRICK PETERSON ANTONIQUE PETERSON PRESIDENT VP HUSBAND/WIFE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RETURN REVIEWED BY BOARD OF DIRECTORS PRIOR TO SIGNATURE AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICT OF INTEREST POLICY REVIEWED AND DISCUSSED AT MEETINGS AS APPLICABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BANK/MERCHANT FEES 0 2,978 0 CONTRACT SERVICES 5,082 3,782 0 CELEBRITY WAITER NIGHT CONTRACT SERVICES 0 0 8,048 BANKING/MERCHANT FEES 0 0 3,262 0 0 0 CELEBRITY GOLF OUTING CONTRACT SERVICES 0 0 100,051 BANKING/MERCHANT FEES 0 0 3,412 TOTAL 5,082 6,760 114,773
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ROUNDING ADJUSTMENT 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0AZ
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0165914
IRS990/TotalAssetsEOYAmt090524
IRS990/TotalAssetsGrp/BOYAmt0165914
IRS990/TotalAssetsGrp/EOYAmt090524
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0306979
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0204984
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt098217
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0112384
IRS990/TotalFunctionalExpensesGrp/TotalAmt0415585
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0165914
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt090524
IRS990/TotalProgramServiceExpensesAmt0112384
IRS990/TotalProgramServiceRevenueAmt033200
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt063711
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0340195
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0165914
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt090524
IRS990/TravelGrp/FundraisingAmt036189
IRS990/TravelGrp/ManagementAndGeneralAmt0108
IRS990/TravelGrp/ProgramServicesAmt08305
IRS990/TravelGrp/TotalAmt044602
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0165914
IRS990/UnrestrictedNetAssetsGrp/EOYAmt090524
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 471113
IRS990/USAddress/CityNm0CHARLOTTE
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028247
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.PATRICKPETERSON.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICK PETERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PATRICK PETERSON FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOR SUCCESS
ReturnHeader/Filer/BusinessNameControlTxt0PATR
ReturnHeader/Filer/EIN0800764100
ReturnHeader/Filer/PhoneNum09802189763
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 471113
ReturnHeader/Filer/USAddress/CityNm0CHARLOTTE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028247
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId09938157D323318A97BAB71A056CDE4886C361A49
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09938157D323318A97BAB71A056CDE4886C361A49
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0352349774
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KEITH & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0715 BAKEWELL ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COVINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0410111227
ReturnHeader/PreparerPersonGrp/PhoneNum08592616800
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0R FREDERICK KEITH
ReturnHeader/ReturnTs02017-11-15T10:36:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$90,524
Liabilities
$0
Net assets
$90,524
Revenue
$340,195
Expenses
$415,585
Net income
-$75,390
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.47$0.00$2.47$2.11$2.00$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.93$0.00$1.93$2.56$2.19$0.37
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.57$0.00$1.57$2.83$2.17$0.66
2016Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$3.40$4.16$0.75
2015Summary only. Only limited summary data is available for this year.$1.66$0.00$1.66$3.74$2.43$1.30
2014Summary only. Only limited summary data is available for this year.$0.36$0.00$0.36$2.61$2.26$0.36
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00