Civic Intelligence

Platt Foundation Inc.

990EZ • Fiscal year 2020 • EIN 81-4688501

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

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 2020

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2020

Net Margin

92nd percentile

91%

Higher net margin than 92% of similar nonprofits.

2020 filings • NTEE B82 • <$500k nonprofits • Source year 2020

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

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

2020 filings • NTEE B82 • <$500k nonprofits • Source year 2020

Asset Growth

87th percentile

44%

Faster asset growth than 87% of similar nonprofits.

2020 filings • NTEE B82 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

66th percentile

-2.4%

Faster revenue growth than 66% of similar nonprofits.

2020 filings • NTEE B82 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$279,801

Up $85,033 (+44%) from 2019

Net Assets

Up

$279,801

Up $85,033 (+44%) from 2019

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin92nd percentile

Revenue

Down

$92,954

Down $2,307 (-2.4%) from 2019

Expenses

Up

$7,922

Up $6,922 (+692%) from 2019

Net Income

Down

$85,032

Down $9,229 (-9.8%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth87th 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

2020

Assets$279,801
Liabilities-
Net Assets$279,801
Open 2020 Filing

Operations Trend

Revenue Growth66th 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

2020

Revenue$92,954
Expenses$7,922
Net Income$85,032
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$92,954
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
SCHOLARSHIPS--
Compensation and Service Providers
Top Officer Pay94th 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
2021-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Lifetime Tax Management LLC
Address
801 CORPORATE CENTER DRIVE SUITE 11, RALEIGH, NC 27607
Preparer
Courtney C Campbell CPA
Phone
9194651265
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses irs late filing penalty 5,901 accounting & tax services 1,765 office expense 241 postage 15 total 7,922”

Form 990-ez, Part I, Line 20

“Income tax withheld on 1099 r 0”

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
CompensationExplanation/CompensationExplanationGrp/PersonNm0CORRY PLATT
CompensationExplanation/CompensationExplanationGrp/PersonNm1RYAN PLATT
CompensationExplanation/CompensationExplanationGrp/PersonNm2CHARLES PLATT III
CompensationExplanation/CompensationExplanationGrp/PersonNm3CHARLES PLATT IV
CompensationExplanation/CompensationExplanationGrp/PersonNm4JENNIFER PLATT
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0CORRY PLATT
IRS990EZ/BooksInCareOfDetail/PhoneNum09196565799
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0104 EAGLES NEST COURT
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CARY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd027513
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0194769
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0279801
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt092954
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt085032
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0194769
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0279801
IRS990EZ/GrossReceiptsAmt092954
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0194769
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0279801
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IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0279801
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt4000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
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/OtherExpensesTotalAmt07922
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/DescriptionProgramSrvcAccomTxt0SCHOLARSHIPS
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt07922
IRS990EZ/TotalRevenueAmt092954
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt092954
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt095261
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0118010
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0306225
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0306225
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt092954
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt095261
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0118010
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0306225
IRS990ScheduleA/TotalSupportAmt0306225
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES IRS LATE FILING PENALTY 5,901 ACCOUNTING & TAX SERVICES 1,765 OFFICE EXPENSE 241 POSTAGE 15 TOTAL 7,922
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INCOME TAX WITHHELD ON 1099 R 0
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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CORRY PLATT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09196565799
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
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
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0852685067
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LIFETIME TAX MANAGEMENT LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0801 CORPORATE CENTER DRIVE SUITE 11
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027607
ReturnHeader/PreparerPersonGrp/PhoneNum09194651265
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0COURTNEY C CAMPBELL CPA
ReturnHeader/ReturnTs02021-11-15T13:18:03-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CORRY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PLATT
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$279,801
Liabilities
-
Net assets
$279,801
Revenue
$92,954
Expenses
$7,922
Net income
$85,032
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