Civic Intelligence

Paddle 4 Troops Inc.

990EZ • Fiscal year 2022 • EIN 82-2084177

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 30, 2023

PO Box 2428Surf City, NC 28445

(910) 279-3532

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.00x

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

2022 filings • NTEE W • <$500k nonprofits • Source year 2022

Liabilities / Revenue

63rd percentile

0.00x

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

2022 filings • NTEE W • <$500k nonprofits • Source year 2022

Net Margin

55th percentile

26%

Higher net margin than 55% of similar nonprofits.

2022 filings • NTEE W12 • <$500k nonprofits • Source year 2022

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.

2022 filings • NTEE W12 • <$500k nonprofits • Source year 2022

Asset Growth

76th percentile

36%

Faster asset growth than 76% of similar nonprofits.

2022 filings • NTEE W • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

46th percentile

3.5%

Faster revenue growth than 46% of similar nonprofits.

2022 filings • NTEE W • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$139,716

Up $36,786 (+36%) from 2021

Net Assets

Up

$139,716

Up $36,786 (+36%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$140,934

Up $4,755 (+3.5%) from 2021

Expenses

Up

$104,148

Up $44,116 (+73%) from 2021

Net Income

Down

$36,786

Down $39,361 (-52%) from 2021

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2018: $57,675Liabilities 2018: $0Net Assets 2018: $57,6752018Assets 2019: $41,870Liabilities 2019: $0Net Assets 2019: $41,8702019Assets 2020: $26,783Liabilities 2020: $0Net Assets 2020: $26,7832020Assets 2021: $102,930Liabilities 2021: $0Net Assets 2021: $102,9302021Assets 2022: $139,716Liabilities 2022: $0Net Assets 2022: $139,7162022Assets 2023: $137,842Liabilities 2023: $0Net Assets 2023: $137,8422023Assets 2024: $84,213Net Assets 2024: $84,2132024

Highlighted filing

2022

Assets$139,716
Liabilities$0
Net Assets$139,716

Operations Trend

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

$150K$100K$50K$0-$50K-$100KRevenue 2018: $80,647Expenses 2018: $48,662Net Income 2018: $31,9852018Revenue 2019: $88,300Expenses 2019: $104,105Net Income 2019: -$15,8052019Revenue 2020: $12,555Expenses 2020: $27,642Net Income 2020: -$15,0872020Revenue 2021: $136,179Expenses 2021: $60,032Net Income 2021: $76,1472021Revenue 2022: $140,934Expenses 2022: $104,148Net Income 2022: $36,7862022Revenue 2023: $126,172Expenses 2023: $128,046Net Income 2023: -$1,8742023Revenue 2024: $55,588Expenses 2024: $109,217Net Income 2024: -$53,6292024

Highlighted filing

2022

Revenue$140,934
Expenses$104,148
Net Income$36,786
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 30, 2023
Return Version
2022v5.0
Gross Receipts
$172,380
Mission and Program Overview

Mission

Paddle 4 troops (p4t) is a dedicated group of volunteers with one common mission: to provide support and assistance to local veterans, active duty, retired military and their families. Located in surf city, nc p4t has been assisting our nation's brave and noble since 2011. Since its early days with josh and dwight torres vision of supporting those in need, paddle 4 troops has provided more than 200,000 in assistance to local military and their families. Whether it is time, financial support, or helping hand, p4t is there to support those in need.

Program Services

DescriptionGrantsExpenses
PADDLE 4 TROOPS (P4T) IS A DEDICATED GROUP OF VOLUNTEERS WITH ONE COMMON MISSION: TO PROVIDE SUPPORT AND ASSISTANCE TO LOCAL VETERANS, ACTIVE DUTY, RETIRED MILITARY AND THEIR FAMILIES. LOCATED IN SURF CITY, NC P4T HAS BEEN ASSISTING OUR NATION'S BRAVE AND NOBLE SINCE 2011. SINCE ITS EARLY DAYS WITH JOSH AND DWIGHT TORRES VISION OF SUPPORTING THOSE IN NEED, PADDLE 4 TROOPS HAS PROVIDED MORE THAN 200,000 IN ASSISTANCE TO LOCAL MILITARY AND THEIR FAMILIES. WHETHER IT IS TIME, FINANCIAL SUPPORT, OR HELPING HAND, P4T IS THERE TO SUPPORT THOSE IN NEED.$89,702$89,702
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DWIGHT TORRESBoard MemberPT$0--
JOSH TORRESBoard - PresPT$0--
LORI CHANEYBoard - SecrPT$0--
SUSAN GRIFFINBoard - TreaPT$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Paddle Event$96,806$61,206$18,411$42,795
Honors Golf Tou$45,553$39,553$13,035$26,518
Total Events$142,359$100,759$31,446$69,313
Filing and Contact Details

Filer

Filer Name
Paddle 4 Troops Inc
EIN
82-2084177
Phone
9102793532
Address
PO BOX 2428, SURF CITY, NC 28445

Signing Officer

Name
Dwight Torres
Title
Board Member & CEO
Phone
9102793532
Signed
2023-10-30
Discuss with paid preparer
Yes

Preparer

Firm
Langdon & Company Llp
Address
223 US HIGHWAY 70 EAST SUITE 100, GARNER, NC 27529-4051
Preparer
Susan Dean
Phone
9196621001
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

Cash contribution: 5,971 cash contribution: 73,731

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 500 software 1,164 office supplies 969 dues & subscriptions 190 indirect fundraising exp. 9,730 total 12,553

Form 990-ez, Part II, Line 24

Other asset 138 138 total 138 138

Form 990-ez, Part III

Paddle 4 troops (p4t) is a dedicated group of volunteers with one common mission: to provide support and assistance to local veterans, active duty, retired military and their families. Located in surf city, nc p4t has been assisting our nation's brave and noble since 2011. Since its early days with josh and dwight torres vision of supporting those in need, paddle 4 troops has provided more than 200,000 in assistance to local military and their families. Whether it is time, financial support, or helping hand, p4t is there to support those in need.

Form 990-ez, Part III, Line 28

Paddle 4 troops (p4t) is a dedicated group of volunteers with one common mission: to provide support and assistance to local veterans, active duty, retired military and their families. Located in surf city, nc p4t has been assisting our nation's brave and noble since 2011. Since its early days with josh and dwight torres vision of supporting those in need, paddle 4 troops has provided more than 200,000 in assistance to local military and their families. Whether it is time, financial support, or helping hand, p4t is there to support those in need.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CASH CONTRIBUTION: 5,971 CASH CONTRIBUTION: 73,731
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING AND PROMOTION 500 SOFTWARE 1,164 OFFICE SUPPLIES 969 DUES & SUBSCRIPTIONS 190 INDIRECT FUNDRAISING EXP. 9,730 TOTAL 12,553
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OTHER ASSET 138 138 TOTAL 138 138
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PADDLE 4 TROOPS (P4T) IS A DEDICATED GROUP OF VOLUNTEERS WITH ONE COMMON MISSION: TO PROVIDE SUPPORT AND ASSISTANCE TO LOCAL VETERANS, ACTIVE DUTY, RETIRED MILITARY AND THEIR FAMILIES. LOCATED IN SURF CITY, NC P4T HAS BEEN ASSISTING OUR NATION'S BRAVE AND NOBLE SINCE 2011. SINCE ITS EARLY DAYS WITH JOSH AND DWIGHT TORRES VISION OF SUPPORTING THOSE IN NEED, PADDLE 4 TROOPS HAS PROVIDED MORE THAN 200,000 IN ASSISTANCE TO LOCAL MILITARY AND THEIR FAMILIES. WHETHER IT IS TIME, FINANCIAL SUPPORT, OR HELPING HAND, P4T IS THERE TO SUPPORT THOSE IN NEED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PADDLE 4 TROOPS (P4T) IS A DEDICATED GROUP OF VOLUNTEERS WITH ONE COMMON MISSION: TO PROVIDE SUPPORT AND ASSISTANCE TO LOCAL VETERANS, ACTIVE DUTY, RETIRED MILITARY AND THEIR FAMILIES. LOCATED IN SURF CITY, NC P4T HAS BEEN ASSISTING OUR NATION'S BRAVE AND NOBLE SINCE 2011. SINCE ITS EARLY DAYS WITH JOSH AND DWIGHT TORRES VISION OF SUPPORTING THOSE IN NEED, PADDLE 4 TROOPS HAS PROVIDED MORE THAN 200,000 IN ASSISTANCE TO LOCAL MILITARY AND THEIR FAMILIES. WHETHER IT IS TIME, FINANCIAL SUPPORT, OR HELPING HAND, P4T IS THERE TO SUPPORT THOSE IN NEED.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/ReturnTs02023-11-14T15:05:57-05:00
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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