Civic Intelligence

Permobil Foundation

990 • Fiscal year 2021 • EIN 81-3029754

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 03, 2022

300 Duke DriveLebanon, TN 37090

(615) 973-4644

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.08x

Higher debt load relative to assets than 52% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

33rd percentile

0.03x

Higher debt load relative to revenue than 33% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

35th percentile

4.5%

Higher net margin than 35% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

68th percentile

20%

Faster asset growth than 68% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

69th percentile

34%

Faster revenue growth than 69% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,257,369

Up $212,863 (+20%) from 2020

Net Assets

Up

$1,158,149

Up $165,852 (+17%) from 2020

Liabilities

Up

$99,220

Up $47,011 (+90%) from 2020

Revenue

Up

$3,679,623

Up $939,631 (+34%) from 2020

Expenses

Up

$3,513,771

Up $1,208,361 (+52%) from 2020

Net Income

Down

$165,852

Down $268,730 (-62%) from 2020

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2017: $142,610Liabilities 2017: $0Net Assets 2017: $142,6102017Assets 2018: $300,216Liabilities 2018: $8,900Net Assets 2018: $291,3162018Assets 2019: $595,446Liabilities 2019: $37,731Net Assets 2019: $557,7152019Assets 2020: $1,044,506Liabilities 2020: $52,209Net Assets 2020: $992,2972020Assets 2021: $1,257,369Liabilities 2021: $99,220Net Assets 2021: $1,158,1492021Assets 2022: $1,420,487Liabilities 2022: $69,692Net Assets 2022: $1,350,7952022Assets 2023: $1,476,452Liabilities 2023: $43,388Net Assets 2023: $1,433,0642023Assets 2024: $1,796,485Liabilities 2024: $49,983Net Assets 2024: $1,746,5022024

Highlighted filing

2021

Assets$1,257,369
Liabilities$99,220
Net Assets$1,158,149

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0Revenue 2017: $1,052,833Expenses 2017: $916,513Net Income 2017: $136,3202017Revenue 2018: $1,541,284Expenses 2018: $1,392,578Net Income 2018: $148,7062018Revenue 2019: $1,949,278Expenses 2019: $1,682,879Net Income 2019: $266,3992019Revenue 2020: $2,739,992Expenses 2020: $2,305,410Net Income 2020: $434,5822020Revenue 2021: $3,679,623Expenses 2021: $3,513,771Net Income 2021: $165,8522021Revenue 2022: $1,107,890Expenses 2022: $972,542Net Income 2022: $135,3482022Revenue 2023: $1,080,113Expenses 2023: $997,843Net Income 2023: $82,2702023Revenue 2024: $1,096,095Expenses 2024: $782,657Net Income 2024: $313,4382024

Highlighted filing

2021

Revenue$3,679,623
Expenses$3,513,771
Net Income$165,852
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 3, 2022
Return Version
2021v4.0
Gross Receipts
$3,777,643
Mission and Program Overview

Mission

The permobil foundation is dedicated to enhancing the quality of life by empowering strength andindependence through community support, employee engagement and grant funding. We work in partnershipwith non-profit organizations and agencies to provide support and services so individuals can live a lifewithout limitations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$607,557$1,030,549▲ $422,992
Pledges and Grants Receivable$336,949$126,370▼ $210,579
Investments in Publicly Traded Securities$100,000$100,450▲ $450
Total Assets$1,044,506$1,257,369▲ $212,863
Liabilities
Accounts Payable and Accrued Expenses$52,209$99,220▲ $47,011
Total Liabilities$52,209$99,220▲ $47,011
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$992,297$1,158,149▲ $165,852
Total Net Assets Fund Balance$992,297$1,158,149▲ $165,852
Total Liabilities and Net Assets / Fund Balance$1,044,506$1,257,369▲ $212,863
Compensation and Service Providers

Board Members and Trustees

NameTitle
Chuck WitkowskiBoard Chair
Heidi WilkinsonBoard Member
John GoetzBoard Member
Kerri MorganBoard Member
Michael IsaacsonBoard Member
Tim AscherlBoard Member
Ashley DavisExecutive Di
Amy BurnettSecretary
John RichardsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,627,877
Program Service Revenue
$0
Investment Income
$962
Other Revenue
$50,784
All Other Contributions
$619,368
Change in Net Assets
$165,852

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$2,733,509Fair Market Value (FMV)
Total Noncash Contributions1$2,733,509-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,679,623
Revenue Not Reported on Form 990
$105,388
Total Revenue per Audited Statements
$3,785,011
Total Revenue per Form 990
$3,679,623
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,989,412
Other Expenses$461,002
Salaries, Compensation, and Employee Benefits$63,357
Total Fundraising Expense$15,839
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,733,509--$2,733,509
Grants to Domestic Orgs$255,903--$255,903
Other Salaries and Wages-$47,518$15,839$63,357
Fees for Services Accounting-$12,900-$12,900
Office Expenses-$12,452-$12,452
Travel-$9,888-$9,888
Other Expenses$422,032$2,795-$2,795
Insurance-$935-$935
Total Functional Expenses$3,411,444$86,488$15,839$3,513,771

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,619,159
Expenses per Audited Statements$3,513,771
Total Expenses per Form 990$3,513,771
Expenses Not Reported on Form 990$105,388
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Als AssociationWashington, DC(c)(3)Event Sponsorships$76,042
Muscular DystrophyChicago, IL(c)(3)Tn Gala, Clinic Book$36,000
Team GleasonNashville, TN(c)(3)-$25,000
Christopher & Dana Reeves FoundShort Hills, NJ(c)(3)-$10,000
National Multiple SclerosisBrentwood, TN(c)(3)-$10,000
Tennessee Titans FoundNashville, TN(c)(3)-$10,000
Cure SmaElk Grove Village, IL(c)(3)Grant$6,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$148,713
Fundraising Direct Expenses$98,020
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Charity$71,821$71,821$10,573$61,248
Roll the Dice$71,199$71,199$16,603$54,596
Total Events$148,713$148,713$98,020$50,693
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
Audit committee
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
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 11B

Permobil foundation will review form 990 at monthly board meeting with the board of directors and the 990 will be used to assit with appications for grant writing and guidestar.

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

Permobil foundation's conflict of interest policy is monitored throughout the year as the board of directors meet on a monthly basis.

Form 990, Page 6, Part VI, Line 19

Financial statements are available on the organization's website and upon request.

Filing and Contact Details

Filer

Filer Name
Permobil Foundation
EIN
81-3029754
Phone
6159734644
Address
300 DUKE DRIVE, LEBANON, TN 37090

Signing Officer

Name
Ashley Davis
Title
Executive Director
Phone
6159734644
Signed
2022-10-03

Organization Details

Principal Officer
Ashley Davis
Formed
2016
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
55

Preparer

Firm
Patterson Hardee & Ballentine Pc
Address
1889 GENERAL GEORGE PATTON DR SUIT, FRANKLIN, TN 37067-6294
Preparer
Sarah C Hardee CPA
Phone
6157505537
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The permobil foundation is dedicated to enhancing the quality of life by empowering strength andindependence through community support, employee engagement and grant funding. We work in partnershipwith non-profit organizations and agencies to provide support and services so individuals can live a lifewithout limitations.

Form 990, Part XI, Line 9

Special events expense 0 special events expense 0

Financial Statement Notes

Schedule D, Page 3, Part X

We are exempt from income taxes under section 501(c)(3) of the internal revenue code and qualify for charitable deduction. We are not classified as a private organization. In accounting for uncertain income taxes, we recognized a tax position as a benefit only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit greater than 50 percent likely of being realized on examination. For tax positions not meeting the more likely than not test, no tax benefit is recorded. At december 31, 2021, we have no uncertain tax positions. We recognized interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. We have no amounts accrued for interest or penalties as of december 31, 2021. We are no longer subject to examination by u.s federal and state taxing authorities for fiscal years ending before 2019.

Schedule D, Page 4, Part XI, Line 4B

SPECIAL EVENTS EXPENSE 0

Schedule D, Page 4, Part XII, Line 4B

SPECIAL EVENTS EXPENSE 0

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0WE ARE EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND QUALIFY FOR CHARITABLE DEDUCTION. WE ARE NOT CLASSIFIED AS A PRIVATE ORGANIZATION. IN ACCOUNTING FOR UNCERTAIN INCOME TAXES, WE RECOGNIZED A TAX POSITION AS A BENEFIT ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT GREATER THAN 50 PERCENT LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE LIKELY THAN NOT TEST, NO TAX BENEFIT IS RECORDED. AT DECEMBER 31, 2021, WE HAVE NO UNCERTAIN TAX POSITIONS. WE RECOGNIZED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. WE HAVE NO AMOUNTS ACCRUED FOR INTEREST OR PENALTIES AS OF DECEMBER 31, 2021. WE ARE NO LONGER SUBJECT TO EXAMINATION BY U.S FEDERAL AND STATE TAXING AUTHORITIES FOR FISCAL YEARS ENDING BEFORE 2019.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENTS EXPENSE 0
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENTS EXPENSE 0
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF CHARITY
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
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IRS990ScheduleI/GrantRecordsMaintainedInd0false
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0CHAIRS AND PART
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
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IRS990ScheduleI/RecipientTable/CashGrantAmt16000
IRS990ScheduleI/RecipientTable/CashGrantAmt236000
IRS990ScheduleI/RecipientTable/CashGrantAmt310000
IRS990ScheduleI/RecipientTable/CashGrantAmt410000
IRS990ScheduleI/RecipientTable/CashGrantAmt525000
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2(C)(3)
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IRS990ScheduleI/RecipientTable/IRCSectionDesc4(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc5(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc6(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EVENT SPONSORSHIPS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GRANT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2TN GALA, CLINIC BOOK
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ALS ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CURE SMA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2MUSCULAR DYSTROPHY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3CHRISTOPHER & DANA REEVES FOUND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4NATIONAL MULTIPLE SCLEROSIS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5TEAM GLEASON
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6TENNESSEE TITANS FOUND
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6460 GREAT CIRCLE ROAD
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IRS990ScheduleI/RecipientTable/USAddress/CityNm4BRENTWOOD
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1IL
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IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0CHAIRS AND PART
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PERMOBIL FOUNDATION IS DEDICATED TO ENHANCING THE QUALITY OF LIFE BY EMPOWERING STRENGTH ANDINDEPENDENCE THROUGH COMMUNITY SUPPORT, EMPLOYEE ENGAGEMENT AND GRANT FUNDING. WE WORK IN PARTNERSHIPWITH NON-PROFIT ORGANIZATIONS AND AGENCIES TO PROVIDE SUPPORT AND SERVICES SO INDIVIDUALS CAN LIVE A LIFEWITHOUT LIMITATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PERMOBIL FOUNDATION WILL REVIEW FORM 990 AT MONTHLY BOARD MEETING WITH THE BOARD OF DIRECTORS AND THE 990 WILL BE USED TO ASSIT WITH APPICATIONS FOR GRANT WRITING AND GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PERMOBIL FOUNDATION'S CONFLICT OF INTEREST POLICY IS MONITORED THROUGHOUT THE YEAR AS THE BOARD OF DIRECTORS MEET ON A MONTHLY BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SPECIAL EVENTS EXPENSE 0 SPECIAL EVENTS EXPENSE 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd3false
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd2N/A

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