Civic Intelligence

Parkinson Place Inc.

990 • Fiscal year 2021 • EIN 84-1890153

Jan 01, 2021 to Dec 31, 2021 • Filed on Feb 25, 2022

5969 Cattleridge Blvd STE 100Sarasota, FL 34232

(941) 870-4438

Siviq Scores

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

Liabilities / Assets

98th percentile

1.96x

Higher debt load relative to assets than 98% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

62nd percentile

0.09x

Higher debt load relative to revenue than 62% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

41st percentile

7.1%

Higher net margin than 41% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

82nd percentile

$81,000

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 14.5% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

1st percentile

-92%

Faster asset growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

82nd percentile

79%

Faster revenue growth than 82% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$24,807

Down $272,039 (-92%) from 2020

Net Assets

Up

-$23,781

Up $39,725 (+63%) from 2020

Liabilities

Down

$48,588

Down $311,764 (-87%) from 2020

Revenue

Up

$559,483

Up $246,282 (+79%) from 2020

Expenses

Up

$519,758

Up $144,151 (+38%) from 2020

Net Income

Up

$39,725

Up $102,131 (+164%) from 2020

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200KAssets 2019: $35,099Liabilities 2019: $36,199Net Assets 2019: -$1,1002019Assets 2020: $296,846Liabilities 2020: $360,352Net Assets 2020: -$63,5062020Assets 2021: $24,807Liabilities 2021: $48,588Net Assets 2021: -$23,7812021Assets 2022: $18,905Liabilities 2022: $9,691Net Assets 2022: $9,2142022Assets 2023: $87,832Liabilities 2023: $22,235Net Assets 2023: $65,5972023Assets 2024: $110,674Liabilities 2024: $4,289Net Assets 2024: $106,3852024

Highlighted filing

2021

Assets$24,807
Liabilities$48,588
Net Assets-$23,781

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2019: $1,1002019Revenue 2020: $313,201Expenses 2020: $375,607Net Income 2020: -$62,4062020Revenue 2021: $559,483Expenses 2021: $519,758Net Income 2021: $39,7252021Revenue 2022: $452,649Expenses 2022: $419,654Net Income 2022: $32,9952022Revenue 2023: $541,842Expenses 2023: $485,459Net Income 2023: $56,3832023Revenue 2024: $476,546Expenses 2024: $435,758Net Income 2024: $40,7882024

Highlighted filing

2021

Revenue$559,483
Expenses$519,758
Net Income$39,725
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Feb 25, 2022
Return Version
2021v4.1
Gross Receipts
$559,483
Mission and Program Overview

Mission

To meet the physical, mental, emotional and social needs of those living with Parkinsons disease through education, empowerment, support and community resources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$292,346$21,307▼ $271,039
Prepaid Expenses and Deferred Charges$4,500$3,500▼ $1,000
Total Assets$296,846$24,807▼ $272,039
Liabilities
Other Liabilities$356,829$36,459▼ $320,370
Accounts Payable and Accrued Expenses$3,523$12,129▲ $8,606
Total Liabilities$360,352$48,588▼ $311,764
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-63,506$-23,781▲ $39,725
Total Net Assets Fund Balance$-63,506$-23,781▲ $39,725
Total Liabilities and Net Assets / Fund Balance$296,846$24,807▼ $272,039
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Lawrence HoffheimerPresidentPT$81,000$81,000
Linda PattersonVice-President Treasurer-$70,000$70,000

Board Members and Trustees

NameTitle
Elli BaldwinDirector
James PurdyDirector
Tammy KarpDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$556,147
Program Service Revenue
$0
Investment Income
$1,533
Other Revenue
$1,803
All Other Contributions
$556,147
Change in Net Assets
$39,725

Audited Revenue Reconciliation

Revenue per Audited Statements
$559,483
Total Revenue per Audited Statements
$559,483
Total Revenue per Form 990
$559,483
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$281,834
Other Expenses$237,924
Total Fundraising Expense$6,836
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$194,426$21,603$5,000$221,029
Occupancy$108,300$5,700-$114,000
Fees for Services Other$74,785--$74,785
Other Employee Benefits$39,244$4,360$808$44,412
Advertising$20,415$53-$20,468
Payroll Taxes$14,460$1,605$328$16,393
Other Expenses$3,996$1,196$700$5,192
Fees for Services Accounting-$4,414-$4,414
Office Expenses$2,899$317-$3,216
Fees for Services Legal-$500-$500
Insurance-$478-$478
Total Functional Expenses$471,995$40,927$6,836$519,758

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$519,758
Total Expenses per Audited Statements$519,758
Total Expenses per Form 990$519,758
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Joanna HoffheimnerFamily Member of CEOEmployee processes state registrationsNo$28,150
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$36,459
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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 governing body review Part VI line 11

Form 990 is reviewed by management prior to mailing.

Conflict of interest policy compliance Part VI line 12C

A conflict of interest disclosure statement is completed and signed annually by all board members. All conflicts of interest must be disclosed to the board.

CEO executive director top management comp Part VI line 15A

The President compensation is reviewed annually by the board and compared with other entities as reported on their 990s.

Other officer or key employee compensation Part VI line 15B

Officers compensation is reviewed annually by the board and compared with other entities as reported on their 990s.

Governing documents etc available to public Part VI line 19

Governing documents are available upon request. Financial audits and tax returns are available on the organizations website.

Filing and Contact Details

Filer

Filer Name
Parkinson Place Inc
EIN
84-1890153
Address
5969 Cattleridge Blvd STE 100, Sarasota, FL 34232

Signing Officer

Name
Lawrence Hoffheimer
Title
President
Phone
9418704438
Signed
2022-02-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lawrence Hoffheimer
Formed
2019
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
3
Employees
4

Preparer

Firm
Linda Patterson CPA PA
Address
5732 Whistlewood Circle, Sarasota, FL 34232
Preparer
Linda Patterson
Phone
9412371040
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Program Insturctors 62,785Medical Director 12,000

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A conflict of interest disclosure statement is completed and signed annually by all board members. All conflicts of interest must be disclosed to the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The President compensation is reviewed annually by the board and compared with other entities as reported on their 990s.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Officers compensation is reviewed annually by the board and compared with other entities as reported on their 990s.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents are available upon request. Financial audits and tax returns are available on the organizations website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Program Insturctors 62,785Medical Director 12,000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other fees for services expenses Part IX line 11g
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Parkinson Research Foundation Inc
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