Civic Intelligence

Pt Fund Inc

990 • Fiscal year 2020 • EIN 85-0920996

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 28, 2021

Organization ProfileN/A
GW 2201 WISCONSIN AVE NW Suite 320Washington, DC 20007

(202) 342-6000

Siviq Scores

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

Liabilities / Assets

67th percentile

0.27x

Higher debt load relative to assets than 67% of similar nonprofits.

2020 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

36th percentile

0.12x

Higher debt load relative to revenue than 36% of similar nonprofits.

2020 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2020

Net Margin

77th percentile

32%

Higher net margin than 77% of similar nonprofits.

2020 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

31st percentile

$85,732

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2020 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets67th percentile

Assets

$11,332,187

No earlier filing loaded for comparison.

Net Assets

$8,274,852

No earlier filing loaded for comparison.

Liabilities

$3,057,335

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin77th percentile

Revenue

$26,109,681

No earlier filing loaded for comparison.

Expenses

$17,834,829

No earlier filing loaded for comparison.

Net Income

$8,274,852

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$15M$10M$5.0M$0Assets 2020: $11,332,187Liabilities 2020: $3,057,335Net Assets 2020: $8,274,8522020Assets 2021: $1,857,256Liabilities 2021: $35,572Net Assets 2021: $1,821,6842021Assets 2022: $1,408,335Liabilities 2022: $32,550Net Assets 2022: $1,375,7852022Assets 2023: $1,253,167Liabilities 2023: $18,664Net Assets 2023: $1,234,5032023Assets 2024: $1,189,299Liabilities 2024: $0Net Assets 2024: $1,189,2992024

Highlighted filing

2020

Assets$11,332,187
Liabilities$3,057,335
Net Assets$8,274,852
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$30M$20M$10M$0-$10MRevenue 2020: $26,109,681Expenses 2020: $17,834,829Net Income 2020: $8,274,8522020Revenue 2021: $2,899,847Expenses 2021: $9,353,015Net Income 2021: -$6,453,1682021Revenue 2022: $0Expenses 2022: $445,899Net Income 2022: -$445,8992022Revenue 2023: $0Expenses 2023: $141,282Net Income 2023: -$141,2822023Revenue 2024: $0Expenses 2024: $45,204Net Income 2024: -$45,2042024

Highlighted filing

2020

Revenue$26,109,681
Expenses$17,834,829
Net Income$8,274,852
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 28, 2021
Return Version
2020v4.1
Gross Receipts
$26,109,681
Mission and Program Overview

Mission

To facilitate the orderly transition of the executive branch of the federal government to the biden harris administration.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$6,046,492▲ $6,046,492
Accounts Receivable$0$5,023,882▲ $5,023,882
Prepaid Expenses and Deferred Charges$0$256,032▲ $256,032
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$0$11,332,187▲ $11,332,187
Other Assets Total$0$5,781▲ $5,781
Liabilities
Accounts Payable and Accrued Expenses$0$2,911,653▲ $2,911,653
Other Liabilities$0$145,682▲ $145,682
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$3,057,335▲ $3,057,335
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$0$8,274,852▲ $8,274,852
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$0$8,274,852▲ $8,274,852
Total Liabilities and Net Assets / Fund Balance$0$11,332,187▲ $11,332,187
Compensation and Service Providers
Top Officer Pay31st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Yohannes AbrahamDirector/treas/sec/exec DirectorFT$81,750$3,982$85,732

Board Members and Trustees

NameTitle
Jeffrey ZientsDirector/president
Edward KaufmanDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Castle Point TechnologiesEvent Prdtn/facil12400 WILSHIRE BOULEVARD STE 1275, Los Angeles, CA 90025$911,753
Ejcr Dba Advanced Aviation TeamTravel4201 WILSON BLVD, Arlington, VA 22203$406,402
Sidley Austin LLPLegal Services1501 K STREET NW, Washington, DC 20005$270,010
RRI LLC dba REGER RESEARCHResearch30 SUSSEX DRIVE, Lewes, DE 19958$199,800
Jones MandelResearch1752 NW MARKET STREET730, Seattle, WA 98107$134,993
Revenue and Support

Revenue Composition

Contributions and Grants
$25,820,971
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$288,710
All Other Contributions
$21,232,696
Change in Net Assets
$8,274,852

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,109,681
Total Revenue per Audited Statements
$26,109,681
Total Revenue per Form 990
$26,109,681
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,754,883
Other Expenses$8,079,946
Total Fundraising Expense$1,270,132
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,045,215$289,238$332,970$8,667,423
Conferences and Meetings$1,918,133--$1,918,133
Information Technology$1,346,530$6,685$1,987$1,355,202
Travel$1,079,718--$1,079,718
Other Expenses$1,047,241-$871,558$1,047,241
Payroll Taxes$754,174$24,566$28,850$807,590
Fees for Services Legal$330,841$272,603$25,000$628,444
Office Expenses$230,467$3,397-$233,864
Other Employee Benefits$165,441$18,930$9,767$194,138
Occupancy$148,280--$148,280
Fees for Services Other$62,675$43,881-$106,556
Current Officers, Directors, Trustees, and Key Employees$85,732--$85,732
Insurance$3,577$62,875-$66,452
Fees for Services Accounting-$49,075-$49,075
Total Functional Expenses$15,793,447$771,250$1,270,132$17,834,829

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$17,834,829
Total Expenses per Audited Statements$17,834,829
Total Expenses per Form 990$17,834,829
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Contribution Refunds Payable$145,682
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
No
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
Yes
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 PART VI, SECTION B, LINE 11B

“The organization's form 990 was prepared by an outside cpa firm in conjunction with the organization's legal counsel. The draft form was then provided to all board members for review and changes before filing.”

Form 990 Part VI, Section B, Line 12C

“The organization has a conflict of interest policy in place that all officers, directors, and employees are expected to be in compliance with. Each director must review and sign a conflict of interest form that requires disclosure of all conflicts of interest to ethics counsel. Employees are required to participate in ethics training during onboarding. All conflicts raised are investigated and resolved by ethics counsel.”

Form 990 Part VI, Section B, Lines 15A and 15B

“The process used to determine compensaton for officers and key employees included a review of comparable salaries to ensure they are commensurate with industry standards and approval by independent board members.”

Form 990 Part VI, Section C, Line 19

“The organization provides copies of the form 990 upon request.”

Filing and Contact Details

Filer

Filer Name
Pt Fund Inc
EIN
85-0920996
In Care Of
% GILBERT & WOLFAND PC
Phone
2023426000
Address
GW 2201 WISCONSIN AVE NW Suite 320, Washington, DC 20007

Signing Officer

Name
Awenate Cobbina
Title
Treasurer
Phone
2023426000
Signed
2021-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Awenate Cobbina
Formed
2020
Legal Domicile
De
Voting Board Members
3
Independent Board Members
2
Employees
426

Preparer

Firm
Gilbert & Wolfand Pc
Address
2201 WISCONSIN AVE NW SUITE 320, WASHINGTON, DC 20007
Preparer
Amy C Gilbert CPA
Phone
2023426000
Supplemental Narrative

Financial Statement Notes

Fasb Asc 740-10

“For the period from may 1, 2020(inception) through december 31,2020, the organization has documented its consideration of fasb asc 740-10, income taxes, that provides guidance for reporting uncertainty in income taxes, and has determined that no material uncertain tax positions qualify for either recognition or disclosure in the financial statements.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OccupancyGrp/ProgramServicesAmt0148280
IRS990/OccupancyGrp/TotalAmt0148280
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03397
IRS990/OfficeExpensesGrp/ProgramServicesAmt0230467
IRS990/OfficeExpensesGrp/TotalAmt0233864
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IRS990/Organization501cInd0X
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IRS990/OtherAssetsTotalGrp/EOYAmt05781
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt09767
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt018930
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0165441
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0194138
IRS990/OtherExpensesGrp/Desc0CREDIT CARD PROCESSING FEES
IRS990/OtherExpensesGrp/Desc1COVID PROTOCOLS
IRS990/OtherExpensesGrp/Desc2COMMUNICATIONS
IRS990/OtherExpensesGrp/FundraisingAmt0871558
IRS990/OtherExpensesGrp/ProgramServicesAmt0575423
IRS990/OtherExpensesGrp/ProgramServicesAmt11047241
IRS990/OtherExpensesGrp/TotalAmt0871558
IRS990/OtherExpensesGrp/TotalAmt1575423
IRS990/OtherExpensesGrp/TotalAmt21047241
IRS990/OtherLiabilitiesGrp/BOYAmt00
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IRS990/OtherRevenueMiscGrp/Desc0PRESS REIMBURSEMENTS
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IRS990/OtherRevenueTotalAmt0288710
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0332970
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0289238
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08045215
IRS990/OtherSalariesAndWagesGrp/TotalAmt08667423
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt028850
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt024566
IRS990/PayrollTaxesGrp/ProgramServicesAmt0754174
IRS990/PayrollTaxesGrp/TotalAmt0807590
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0256032
IRS990/PrincipalOfficerNm0AWENATE COBBINA
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt08274852
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt017834829
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0145682
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONTRIBUTION REFUNDS PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt026109681
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FOR THE PERIOD FROM MAY 1, 2020(INCEPTION) THROUGH DECEMBER 31,2020, THE ORGANIZATION HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES, AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FASB ASC 740-10
IRS990ScheduleD/TotalExpensesPerForm990Amt017834829
IRS990ScheduleD/TotalLiabilityAmt0145682
IRS990ScheduleD/TotalRevenuePerForm990Amt026109681
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt026109681
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt017834829
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S FORM 990 WAS PREPARED BY AN OUTSIDE CPA FIRM IN CONJUNCTION WITH THE ORGANIZATION'S LEGAL COUNSEL. THE DRAFT FORM WAS THEN PROVIDED TO ALL BOARD MEMBERS FOR REVIEW AND CHANGES BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY IN PLACE THAT ALL OFFICERS, DIRECTORS, AND EMPLOYEES ARE EXPECTED TO BE IN COMPLIANCE WITH. EACH DIRECTOR MUST REVIEW AND SIGN A CONFLICT OF INTEREST FORM THAT REQUIRES DISCLOSURE OF ALL CONFLICTS OF INTEREST TO ETHICS COUNSEL. EMPLOYEES ARE REQUIRED TO PARTICIPATE IN ETHICS TRAINING DURING ONBOARDING. ALL CONFLICTS RAISED ARE INVESTIGATED AND RESOLVED BY ETHICS COUNSEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS USED TO DETERMINE COMPENSATON FOR OFFICERS AND KEY EMPLOYEES INCLUDED A REVIEW OF COMPARABLE SALARIES TO ENSURE THEY ARE COMMENSURATE WITH INDUSTRY STANDARDS AND APPROVAL BY INDEPENDENT BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION PROVIDES COPIES OF THE FORM 990 UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 PART VI, SECTION B, LINE 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990 PART VI, SECTION B, LINES 15A AND 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
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IRS990/StatesWhereCopyOfReturnIsFldCd6HI
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IRS990/StatesWhereCopyOfReturnIsFldCd8KS
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IRS990/StatesWhereCopyOfReturnIsFldCd10MD
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IRS990/StatesWhereCopyOfReturnIsFldCd18OH
IRS990/StatesWhereCopyOfReturnIsFldCd19OR
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IRS990/StatesWhereCopyOfReturnIsFldCd21SC
IRS990/StatesWhereCopyOfReturnIsFldCd22TN
IRS990/StatesWhereCopyOfReturnIsFldCd23UT
IRS990/StatesWhereCopyOfReturnIsFldCd24VA
IRS990/StatesWhereCopyOfReturnIsFldCd25WA
IRS990/StatesWhereCopyOfReturnIsFldCd26WI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt00
IRS990/TotalAssetsEOYAmt011332187
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt011332187
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt025820971
IRS990/TotalEmployeeCnt0426

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$11,332,187
Liabilities
$3,057,335
Net assets
$8,274,852
Revenue
$26,109,681
Expenses
$17,834,829
Net income
$8,274,852
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.19$0.00$0.05$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.25$0.02$1.23$0.00$0.14$0.14
2022Detailed filing. Detailed filing data is available for this year.$1.41$0.03$1.38$0.00$0.45$0.45
2021Detailed filing. Detailed filing data is available for this year.$1.86$0.04$1.82$2.90$9.35$6.45
2020Detailed filing. Detailed filing data is available for this year.$11.3$3.06$8.27$26.1$17.8$8.27