Civic Intelligence

Pt Fund Inc

990 • Fiscal year 2022 • EIN 85-0920996

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 02, 2023

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

44th percentile

0.02x

Higher debt load relative to assets than 44% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2022

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2022

Top Officer Pay

69th percentile

$10,000

Higher top officer pay than 69% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Asset Growth

7th percentile

-24%

Faster asset growth than 7% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets44th percentile

Assets

Down

$1,408,335

Down $448,921 (-24%) from 2021

Net Assets

Down

$1,375,785

Down $445,899 (-24%) from 2021

Liabilities

Down

$32,550

Down $3,022 (-8.5%) from 2021

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $2,899,847 (-100%) from 2021

Expenses

Down

$445,899

Down $8,907,116 (-95%) from 2021

Net Income

Up

-$445,899

Up $6,007,269 (+93%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

2022

Assets$1,408,335
Liabilities$32,550
Net Assets$1,375,785
Open 2022 Filing

Operations Trend

Revenue Growth1st percentile

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

2022

Revenue$0
Expenses$445,899
Net Income-$445,899
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 2, 2023
Return Version
2022v5.0
Gross Receipts
$0
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$1,744,686$1,302,030▼ $442,656
Accounts Receivable$112,570$0▼ $112,570
Prepaid Expenses and Deferred Charges$0$106,305▲ $106,305
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$1,857,256$1,408,335▼ $448,921
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$35,572$32,550▼ $3,022
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$35,572$32,550▼ $3,022
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,821,684$1,375,785▼ $445,899
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$1,821,684$1,375,785▼ $445,899
Total Liabilities and Net Assets / Fund Balance$1,857,256$1,408,335▼ $448,921
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleBaseTotal
Cecilia MunozDirector/president$10,000$10,000
Kwesi Awenate CobbinaDirector/treasurer$10,000$10,000
Tara McguinnessDirector/secretary$7,500$7,500
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-445,899
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$418,399
Salaries, Compensation, and Employee Benefits$27,500
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal-$132,277-$132,277
Other Expenses-$80,761-$80,761
Fees for Services Accounting-$80,095-$80,095
Fees for Services Other-$60,937-$60,937
Insurance-$40,835-$40,835
Current Officers, Directors, Trustees, and Key Employees-$27,500-$27,500
Information Technology-$18,089-$18,089
Office Expenses-$5,405-$5,405
Total Functional Expenses$0$445,899$0$445,899
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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 maintains a conflict of interest policy which applies to all officers, directors, and employees. Each must review and agree to the policy which requires disclosure of all conflicts of interest to 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
2023-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Awenate Cobbina
Formed
2020
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

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

Additional Explanations

Form 990 Part IX Line 11G

“Description:administrative consulting serv total fees:60937”

Raw XML Appendix349 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.

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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 MAINTAINS A CONFLICT OF INTEREST POLICY WHICH APPLIES TO ALL OFFICERS, DIRECTORS, AND EMPLOYEES. EACH MUST REVIEW AND AGREE TO THE POLICY WHICH REQUIRES DISCLOSURE OF ALL CONFLICTS OF INTEREST TO 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/ExplanationTxt4DESCRIPTION:ADMINISTRATIVE CONSULTING SERV TOTAL FEES:60937
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART IX LINE 11G
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01857256
IRS990/TotalAssetsEOYAmt01408335
IRS990/TotalAssetsGrp/BOYAmt01857256
IRS990/TotalAssetsGrp/EOYAmt01408335
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0445899
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0445899
IRS990/TotalGrossUBIAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01821684
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IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt027500
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt00
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/TotReportableCompRltdOrgAmt00
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IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020007
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0AWENATE COBBINA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02023426000
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PT FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0PTFU
ReturnHeader/Filer/EIN0850920996
ReturnHeader/Filer/InCareOfNm0% GILBERT & WOLFAND PC
ReturnHeader/Filer/PhoneNum02023426000
ReturnHeader/Filer/USAddress/AddressLine1Txt0GW 2201 WISCONSIN AVE NW Suite 320
ReturnHeader/Filer/USAddress/CityNm0Washington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020007
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GILBERT & WOLFAND PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02201 WISCONSIN AVE NW SUITE 320
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WASHINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0DC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020007
ReturnHeader/PreparerPersonGrp/PhoneNum02023426000
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AMY C GILBERT CPA
ReturnHeader/ReturnTs02023-11-13T13:04:51-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0AWENATE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0COBBINA
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,408,335
Liabilities
$32,550
Net assets
$1,375,785
Revenue
$0
Expenses
$445,899
Net income
-$445,899
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