Civic Intelligence

Platt Foundation Inc.

990EZ • Fiscal year 2019 • EIN 81-4688501

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 06, 2020

Organization ProfileN/A
104 Eagles Nest CourtCary, NC 27513

(919) 656-5799

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2019

Net Margin

96th percentile

99%

Higher net margin than 96% of similar nonprofits.

2019 filings • NTEE B82 • <$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.

2019 filings • NTEE B82 • <$500k nonprofits • Source year 2019

Asset Growth

91st percentile

78%

Faster asset growth than 91% of similar nonprofits.

2019 filings • NTEE B82 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

31st percentile

-19%

Faster revenue growth than 31% of similar nonprofits.

2019 filings • NTEE B82 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$194,768

Up $85,442 (+78%) from 2018

Net Assets

Up

$194,768

Up $85,442 (+78%) from 2018

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin96th percentile

Revenue

Down

$95,261

Down $22,749 (-19%) from 2018

Expenses

Up

$1,000

Up $875 (+700%) from 2018

Net Income

Down

$94,261

Down $23,624 (-20%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$600K$400K$200K$0Assets 2018: $109,326Net Assets 2018: $109,3262018Assets 2019: $194,768Net Assets 2019: $194,7682019Assets 2020: $279,801Net Assets 2020: $279,8012020Assets 2021: $378,635Net Assets 2021: $378,6352021Assets 2022: $484,452Net Assets 2022: $484,4522022Assets 2023: $479,682Liabilities 2023: $0Net Assets 2023: $479,6822023

Highlighted filing

2019

Assets$194,768
Liabilities-
Net Assets$194,768
Open 2019 Filing

Operations Trend

Revenue Growth31st percentile

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

$150K$100K$50K$0-$50KRevenue 2018: $118,010Expenses 2018: $125Net Income 2018: $117,8852018Revenue 2019: $95,261Expenses 2019: $1,000Net Income 2019: $94,2612019Revenue 2020: $92,954Expenses 2020: $7,922Net Income 2020: $85,0322020Revenue 2021: $101,093Expenses 2021: $3,196Net Income 2021: $97,8972021Revenue 2022: $108,630Expenses 2022: $1,877Net Income 2022: $106,7532022Revenue 2023: $0Expenses 2023: $4,770Net Income 2023: -$4,7702023

Highlighted filing

2019

Revenue$95,261
Expenses$1,000
Net Income$94,261
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 6, 2020
Return Version
2019v5.0
Gross Receipts
$95,261
Mission and Program Overview

Mission

Our mission is to help people improve themselves through training, education, and professional certifications. We will do this by providing scholarships to people of all ages (including platt family members) to help financially support their endeavors in developing themselves in the hopes of a brighter future.

Program Services

DescriptionGrantsExpenses
SCHOLARSHIP AWARD-$1,000
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CORRY PLATTPresident-$0--
RYAN PLATTTreasurer-$0--
CHARLES PLATT IIIV. President-$0--
CHARLES PLATT IVSecretary-$0--
JENNIFER PLATTParliamentar-$0--
Filing and Contact Details

Filer

Filer Name
Platt Foundation Inc
EIN
81-4688501
Phone
9196565799
Address
104 EAGLES NEST COURT, CARY, NC 27513

Signing Officer

Name
Corry Platt
Title
President
Phone
9196565799
Signed
2020-11-06
Discuss with paid preparer
Yes

Preparer

Firm
Lifetime Tax Management LLC
Address
51 KILMAYNE DR 201, CARY, NC 27511
Preparer
Courtney C Campbell CPA
Phone
9194651265
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses scholarship 1,000 total 1,000”

Form 990-ez, Part I, Line 20

“Income tax withheld on 1099 r -8,819”

Form 990-ez, Part III

“Our mission is to help people improve themselves through training, education, and professional certifications. We will do this by providing scholarships to people of all ages (including platt family members) to help financially support their endeavors in developing themselves in the hopes of a brighter future.”

Raw XML Appendix126 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
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IRS990EZ/BooksInCareOfDetail/PhoneNum09196565799
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CARY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd027513
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0109326
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IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0109326
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt4000.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CORRY PLATT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1RYAN PLATT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2CHARLES PLATT III
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3CHARLES PLATT IV
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JENNIFER PLATT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2V. PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4PARLIAMENTAR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt0-8819
IRS990EZ/OtherExpensesTotalAmt01000
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0OUR MISSION IS TO HELP PEOPLE IMPROVE THEMSELVES THROUGH TRAINING, EDUCATION, AND PROFESSIONAL CERTIFICATIONS. WE WILL DO THIS BY PROVIDING SCHOLARSHIPS TO PEOPLE OF ALL AGES (INCLUDING PLATT FAMILY MEMBERS) TO HELP FINANCIALLY SUPPORT THEIR ENDEAVORS IN DEVELOPING THEMSELVES IN THE HOPES OF A BRIGHTER FUTURE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0SCHOLARSHIP AWARD
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt01000
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt01000
IRS990EZ/TotalProgramServiceExpensesAmt01000
IRS990EZ/TotalRevenueAmt095261
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt095261
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0118010
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0213271
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0213271
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt095261
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0118010
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0213271
IRS990ScheduleA/TotalSupportAmt0213271
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES SCHOLARSHIP 1,000 TOTAL 1,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INCOME TAX WITHHELD ON 1099 R -8,819
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OUR MISSION IS TO HELP PEOPLE IMPROVE THEMSELVES THROUGH TRAINING, EDUCATION, AND PROFESSIONAL CERTIFICATIONS. WE WILL DO THIS BY PROVIDING SCHOLARSHIPS TO PEOPLE OF ALL AGES (INCLUDING PLATT FAMILY MEMBERS) TO HELP FINANCIALLY SUPPORT THEIR ENDEAVORS IN DEVELOPING THEMSELVES IN THE HOPES OF A BRIGHTER FUTURE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02021-04-22 16:20:28Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09196565799
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PLATT FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0PLAT
ReturnHeader/Filer/EIN0814688501
ReturnHeader/Filer/PhoneNum09196565799
ReturnHeader/Filer/USAddress/AddressLine1Txt0104 EAGLES NEST COURT
ReturnHeader/Filer/USAddress/CityNm0CARY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027513
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.38.98.93
ReturnHeader/FilingSecurityInformation/IPDt02020-11-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm014:47:56
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0852685067
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LIFETIME TAX MANAGEMENT LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt051 KILMAYNE DR 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CARY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027511
ReturnHeader/PreparerPersonGrp/PhoneNum09194651265
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0COURTNEY C CAMPBELL CPA
ReturnHeader/ReturnTs02020-11-16T14:47:56-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$194,768
Liabilities
-
Net assets
$194,768
Revenue
$95,261
Expenses
$1,000
Net income
$94,261
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$4.80$0.00$4.80$0.00$0.05$0.05
2022Detailed filing. Detailed filing data is available for this year.$4.84$4.84$1.09$0.02$1.07
2021Detailed filing. Detailed filing data is available for this year.$3.79$3.79$1.01$0.03$0.98
2020Detailed filing. Detailed filing data is available for this year.$2.80$2.80$0.93$0.08$0.85
2019Detailed filing. Detailed filing data is available for this year.$1.95$1.95$0.95$0.01$0.94
2018Detailed filing. Detailed filing data is available for this year.$1.09$1.09$1.18$0.00$1.18