Civic Intelligence

Perpetual Use Inc.

990 • Fiscal year 2023 • EIN 87-3792832

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

510 Columbia DriveTampa, FL 33606

(202) 390-1586

Siviq Scores

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

Liabilities / Assets

57th percentile

0.11x

Higher debt load relative to assets than 57% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

39th percentile

0.04x

Higher debt load relative to revenue than 39% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

83rd percentile

32%

Higher net margin than 83% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

85th percentile

$163,560

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 15.7% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

99th percentile

801%

Faster asset growth than 99% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

98th percentile

432%

Faster revenue growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$373,964

Up $332,469 (+801%) from 2022

Net Assets

Up

$332,899

Up $347,542 (+2373%) from 2022

Liabilities

Down

$41,065

Down $15,073 (-27%) from 2022

Revenue

Up

$1,039,060

Up $843,636 (+432%) from 2022

Expenses

Up

$706,425

Up $349,524 (+98%) from 2022

Net Income

Up

$332,635

Up $494,112 (+306%) from 2022

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0-$200KAssets 2022: $41,495Liabilities 2022: $56,138Net Assets 2022: -$14,6432022Assets 2023: $373,964Liabilities 2023: $41,065Net Assets 2023: $332,8992023Assets 2024: $618,214Liabilities 2024: $56,199Net Assets 2024: $562,0152024

Highlighted filing

2023

Assets$373,964
Liabilities$41,065
Net Assets$332,899

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2022: $195,424Expenses 2022: $356,901Net Income 2022: -$161,4772022Revenue 2023: $1,039,060Expenses 2023: $706,425Net Income 2023: $332,6352023Revenue 2024: $1,449,652Expenses 2024: $1,220,536Net Income 2024: $229,1162024

Highlighted filing

2023

Revenue$1,039,060
Expenses$706,425
Net Income$332,635
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$1,039,060
Mission and Program Overview

Mission

The organization facilitates a community-driven design and the implementation of reduction in disposable foodware usage and its associated harms including GHG emissions, waste, and human and evironmental impacts from production, disposal, and leakage.

The organization facilitates a community-driven design and the implementation of reduction in disposable foodware usage and its associated harms.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$36,495$192,238▲ $155,743
Pledges and Grants Receivable-$147,842-
Prepaid Expenses and Deferred Charges-$31,979-
Accounts Receivable-$1,905-
Total Assets$41,495$373,964▲ $332,469
Other Assets Total$5,000--
Liabilities
Accounts Payable and Accrued Expenses$25,322$41,065▲ $15,743
Unsecured Notes Loans Payable$24,380--
Other Liabilities$6,436--
Total Liabilities$56,138$41,065▼ $15,073
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-14,643$257,899▲ $272,542
Net Assets With Donor Restrictions-$75,000-
Total Net Assets Fund Balance$-14,643$332,899▲ $347,542
Total Liabilities and Net Assets / Fund Balance$41,495$373,964▲ $332,469
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elizabeth MossExecutive DirectorFT$163,560$163,560

Board Members and Trustees

NameTitle
Daniel KatzPresident
Leslie ParkSecretary / Vice President
Adam WolfensohnDirector
Dagny TuckerDirector
Trinity WellsDirector
Alik HincksonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,035,528
Program Service Revenue
$3,424
Investment Income
$108
Other Revenue
$0
All Other Contributions
$1,035,528
Change in Net Assets
$332,635

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,039,060
Revenue Not Reported on Form 990
$14,907
Total Revenue per Audited Statements
$1,053,967
Total Revenue per Form 990
$1,039,060
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$417,000
Grants and Similar Amounts Paid$193,559
Other Expenses$95,866
Total Fundraising Expense$31,155
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$193,559--$193,559
Other Salaries and Wages$140,740$18,167$14,784$173,691
Current Officers, Directors, Trustees, and Key Employees$139,511$13,258$10,791$163,560
Other Employee Benefits$43,344$4,119$3,353$50,816
Payroll Taxes$24,053$2,690$2,190$28,933
Travel$21,508$3,995-$25,503
Fees for Services Other$22,057$1,590-$23,647
Fees for Services Accounting-$15,665-$15,665
Occupancy$3,182$7,098-$10,280
Advertising-$9,109-$9,109
Insurance$119$3,707-$3,826
Information Technology-$3,078-$3,078
Other Expenses-$2,271-$2,271
Office Expenses$1,528$172$37$1,737
Fees for Services Legal$750--$750
Total Functional Expenses$590,351$84,919$31,155$706,425

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$706,425
Total Expenses per Audited Statements$706,425
Total Expenses per Form 990$706,425
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Vessel WorksLyons, CO501c3Subgrant for establishment of resuasable foodware system$54,673
Turtle Island Restoration NetworkGalveston, TX501c3Community Engagement Environmental Research$34,000
Inquiring Systems IncSanta Rosa, CA501c3Community Engagement Environmental Research$30,130
Aranya SolutionsKapauu, HI501c3Community Engagement Environmental Research$29,640
Live Zero Waste IncBrooklyn, NY501c3Community Engagement Environmental Research$28,438
Recycle Ann ArborAnn Arbor, MI501c3Community Engagement Environmental Research$10,250
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Credit Card Liabilities-
Payroll Liabilities-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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, Part VI, Section B, Line 11B

The organization reviews the 990 form at a board meeting prior to submitting to the IRS.

Form 990, Part VI, Section B, Line 12C

The organization enforced compliance with its conflict of interest policy by reviewing it periodically at board meetings.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Form 990, Part VI, Section B, Line 15A

The organization uses the following methods to establish compensation packages for its employees. Compensation Survey or Study Approval by the Board

Form 990, Part VI, Section A, Line 4

The organization amended its Articles to update the board members and board structure.

Filing and Contact Details

Filer

Filer Name
Perpetual Use Inc
EIN
87-3792832
Phone
2023901586
Address
510 Columbia Drive, Tampa, FL 33606

Signing Officer

Name
Elizabeth Moss
Title
Executive Director
Phone
2023901586
Signed
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Moss
Formed
2021
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
6
Volunteers
16

Preparer

Firm
Foundation Group Inc
Address
2451 Atrium Way Suite 300, Nashville, TN 37214
Preparer
Andrew D Payne EA
Phone
6153619445
Supplemental Narrative

Financial Statement Notes

XII 1

The organizations auditor has reported 54,673 of the total expenses as salaries and wages on the CPA audit report. However, this amount is a grant to Vessel Works to pay the payroll of the employee through Vessel Works. There is a contractual collaboration agreement between Perpetual Use and Vessel works and 54,673 of the grant provided is to be used for the salary amount with Vessel Works. The intended use of this amount is to pay for work for the specific programs indicated in the grant. The audit report classifies this amount as salary amount for Perpetual Use however, we are reporting this amount as it should be in grant to another organization. The amount on the IRS Form 990 will differ from the audit only with these expense account categorization, but total expenses remain the same on both.

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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt014907
IRS990ScheduleD/ExpensesSubtotalAmt0706425
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Credit Card Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Payroll Liabilities
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueNotReportedAmt014907
IRS990ScheduleD/RevenueSubtotalAmt01039060
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The organizations auditor has reported 54,673 of the total expenses as salaries and wages on the CPA audit report. However, this amount is a grant to Vessel Works to pay the payroll of the employee through Vessel Works. There is a contractual collaboration agreement between Perpetual Use and Vessel works and 54,673 of the grant provided is to be used for the salary amount with Vessel Works. The intended use of this amount is to pay for work for the specific programs indicated in the grant. The audit report classifies this amount as salary amount for Perpetual Use however, we are reporting this amount as it should be in grant to another organization. The amount on the IRS Form 990 will differ from the audit only with these expense account categorization, but total expenses remain the same on both.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0XII 1
IRS990ScheduleD/TotalExpensesPerForm990Amt0706425
IRS990ScheduleD/TotalRevenuePerForm990Amt01039060
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01053967
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0706425
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt034000
IRS990ScheduleI/RecipientTable/CashGrantAmt129640
IRS990ScheduleI/RecipientTable/CashGrantAmt228438
IRS990ScheduleI/RecipientTable/CashGrantAmt310250
IRS990ScheduleI/RecipientTable/CashGrantAmt430130
IRS990ScheduleI/RecipientTable/CashGrantAmt554673
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501c3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501c3
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501c3
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501c3
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501c3
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501c3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Community Engagement Environmental Research
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Community Engagement Environmental Research
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Community Engagement Environmental Research
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Community Engagement Environmental Research
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4Community Engagement Environmental Research
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5Subgrant for establishment of resuasable foodware system
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Turtle Island Restoration Network
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Aranya Solutions
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Live Zero Waste Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Recycle Ann Arbor
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Inquiring Systems Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5Vessel Works
IRS990ScheduleI/RecipientTable/RecipientEIN0911818080
IRS990ScheduleI/RecipientTable/RecipientEIN1821512607
IRS990ScheduleI/RecipientTable/RecipientEIN2823030599
IRS990ScheduleI/RecipientTable/RecipientEIN3382224861
IRS990ScheduleI/RecipientTable/RecipientEIN4942524840
IRS990ScheduleI/RecipientTable/RecipientEIN5824647823
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01028 Broadway Ave J
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1PO Box 494
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2872 Jefferson Ave 3R
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3PO Box 7180
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4887 Sonoma Ave 23
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5PO Box 925
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Galveston
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Kapauu
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Brooklyn
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Ann Arbor
IRS990ScheduleI/RecipientTable/USAddress/CityNm4Santa Rosa
IRS990ScheduleI/RecipientTable/USAddress/CityNm5Lyons
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1HI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5CO
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd077550
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd196755
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd211221
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd348107
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd495404
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd580540
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The board of directors reviews proposed recipients to determine needs and proposed uses of grant funds. The recipients are then routinely monitored via financial progress reports, to ensure the funds are being used accordingly to accomplish the proposed purpose.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 2
IRS990ScheduleI/Total501c3OrgCnt05
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization reviews the 990 form at a board meeting prior to submitting to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization enforced compliance with its conflict of interest policy by reviewing it periodically at board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization uses the following methods to establish compensation packages for its employees. Compensation Survey or Study Approval by the Board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization amended its Articles to update the board members and board structure.
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 C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section A, Line 4
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/StatesWhereCopyOfReturnIsFldCd1FL
IRS990/StatesWhereCopyOfReturnIsFldCd2HI
IRS990/StatesWhereCopyOfReturnIsFldCd3IL
IRS990/StatesWhereCopyOfReturnIsFldCd4MI
IRS990/StatesWhereCopyOfReturnIsFldCd5NJ
IRS990/StatesWhereCopyOfReturnIsFldCd6NY
IRS990/StatesWhereCopyOfReturnIsFldCd7TX
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt041495
IRS990/TotalAssetsEOYAmt0373964
IRS990/TotalAssetsGrp/BOYAmt041495
IRS990/TotalAssetsGrp/EOYAmt0373964
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01035528
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt031155
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt084919
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0590351
IRS990/TotalFunctionalExpensesGrp/TotalAmt0706425
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt056138
IRS990/TotalLiabilitiesEOYAmt041065
IRS990/TotalLiabilitiesGrp/BOYAmt056138
IRS990/TotalLiabilitiesGrp/EOYAmt041065
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-14643

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