Civic Intelligence

Pennacle Foundation Inc.

990 • Fiscal year 2021 • EIN 91-1960461

Jan 01, 2021 to Dec 31, 2021 • Filed on Jan 16, 2023

Organization Profilepennaclefoundationinc.org
PO Box 18224Los Angeles, CA 90018

(323) 750-2400

Siviq Scores

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

Liabilities / Assets

99th percentile

6.76x

Higher debt load relative to assets than 99% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

95th percentile

1.22x

Higher debt load relative to revenue than 95% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

27th percentile

-6.8%

Higher net margin than 27% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

16th percentile

-25%

Faster asset growth than 16% of similar nonprofits.

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

Revenue Growth

29th percentile

-24%

Faster revenue growth than 29% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$87,526

Down $28,607 (-25%) from 2020

Net Assets

Down

-$504,555

Down $45,922 (-10%) from 2020

Liabilities

Up

$592,081

Up $17,315 (+3.0%) from 2020

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin27th percentile

Revenue

Down

$485,946

Down $149,723 (-24%) from 2020

Expenses

Down

$518,808

Down $427,151 (-45%) from 2020

Net Income

Up

-$32,862

Up $277,428 (+89%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

$1.0M$500K$0-$500K-$1.0MAssets 2010: $89,636Liabilities 2010: $102,824Net Assets 2010: -$13,1882010Assets 2011: $152,261Liabilities 2011: $152,219Net Assets 2011: $422011Assets 2012: $117,168Liabilities 2012: $137,087Net Assets 2012: -$19,9192012Assets 2013: $169,267Liabilities 2013: $173,263Net Assets 2013: -$3,9962013Assets 2014: $118,573Liabilities 2014: $207,069Net Assets 2014: -$88,4962014Assets 2015: $40,359Liabilities 2015: $291,598Net Assets 2015: -$251,2392015Assets 2016: $79,042Liabilities 2016: $277,984Net Assets 2016: -$198,9422016Assets 2017: $151,470Liabilities 2017: $512,460Net Assets 2017: -$360,9902017Assets 2018: $130,854Liabilities 2018: $375,283Net Assets 2018: -$244,4292018Assets 2019: $144,933Liabilities 2019: $317,576Net Assets 2019: -$172,6432019Assets 2020: $116,133Liabilities 2020: $574,766Net Assets 2020: -$458,6332020Assets 2021: $87,526Liabilities 2021: $592,081Net Assets 2021: -$504,5552021Assets 2022: $107,169Liabilities 2022: $872,789Net Assets 2022: -$765,6202022Assets 2023: $40,091Liabilities 2023: $943,303Net Assets 2023: -$903,2122023

Highlighted filing

2021

Assets$87,526
Liabilities$592,081
Net Assets-$504,555
Open 2021 Filing

Operations Trend

Revenue Growth29th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $907,0832010Expenses 2011: $1,106,3652011Expenses 2012: $1,090,0212012Revenue 2013: $1,628,350Expenses 2013: $1,505,757Net Income 2013: $122,5932013Revenue 2014: $1,209,797Expenses 2014: $1,285,435Net Income 2014: -$75,6382014Revenue 2015: $556,208Expenses 2015: $709,476Net Income 2015: -$153,2682015Revenue 2016: $689,122Expenses 2016: $677,371Net Income 2016: $11,7512016Revenue 2017: $977,913Expenses 2017: $926,203Net Income 2017: $51,7102017Revenue 2018: $1,027,130Expenses 2018: $1,006,017Net Income 2018: $21,1132018Revenue 2019: $988,981Expenses 2019: $973,989Net Income 2019: $14,9922019Revenue 2020: $635,669Expenses 2020: $945,959Net Income 2020: -$310,2902020Revenue 2021: $485,946Expenses 2021: $518,808Net Income 2021: -$32,8622021Revenue 2022: $576,472Expenses 2022: $813,585Net Income 2022: -$237,1132022Revenue 2023: $502,845Expenses 2023: $625,767Net Income 2023: -$122,9222023

Highlighted filing

2021

Revenue$485,946
Expenses$518,808
Net Income-$32,862
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jan 16, 2023
Return Version
2021v4.2
Gross Receipts
$485,946
Mission and Program Overview

Mission

Residential care and treatment of emotionally and physically neglected children.

Residential care and treatment for emotionally and physically neglected children

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$75,366$39,854▼ $35,512
Cash and Non-Interest-Bearing Accounts$3,369$18,158▲ $14,789
Prepaid Expenses and Deferred Charges$2,286$11,367▲ $9,081
Loans From Officers Directors$4,470$9,782▲ $5,312
Land, Buildings, and Equipment, Net$9,916$3,000▼ $6,916
Rtn Earn Endowment Incm Other Fnds$-458,633$-504,555▼ $45,922
Total Assets$116,133$87,526▼ $28,607
Other Assets Total$25,196$15,147▼ $10,049
Liabilities
Unsecured Notes Loans Payable-$260,792-
Other Liabilities$538,311$231,683▼ $306,628
Accounts Payable and Accrued Expenses$31,985$89,824▲ $57,839
Total Liabilities$574,766$592,081▲ $17,315
Net Assets / Fund Balance
Total Net Assets Fund Balance$-458,633$-504,555▼ $45,922
Total Liabilities and Net Assets / Fund Balance$116,133$87,526▼ $28,607

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,000$59,843-
Other Assets Org$15,147--
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Paul RuffinBoard Member
Sandra D ButlerBoard Member
Carolyn C RuffinExec Director of Programs
Lawrence L ThomasCEO
Hasani GordenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$222,541
Program Service Revenue
$263,405
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-32,862
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$306,366
Other Expenses$212,442
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$192,415$2,500-$194,915
Occupancy$54,100$16,894-$70,994
Current Officers, Directors, Trustees, and Key Employees$34,534$30,629-$65,163
All Other Expenses$29,840$2,269-$32,109
Other Employee Benefits$22,076$2,055-$24,131
Payroll Taxes$16,839$5,318-$22,157
Fees for Services Legal$17,631--$17,631
Fees for Services Management$13,650--$13,650
Fees for Services Accounting$5,000$5,950-$10,950
Other Expenses$9,304--$9,304
Office Expenses$5,544$2,742-$8,286
Depreciation Depletion$6,916--$6,916
Information Technology$4,508$1,932-$6,440
Travel$2,045$700-$2,745
Insurance-$1,036-$1,036
Interest-$688-$688
Total Functional Expenses$446,095$72,713$0$518,808
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$4,470$9,782▲ $5,312
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Tax Liabilites$231,683
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
No
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

Part VI Line 11B

“990 forms are made available for review upon request that are made in a”

Part VI Line 11B

“reasonable amount of time and during normal business hours.”

Part VI Line 12C

“COI matters are discussed and investigated by a select group of members”

Part VI Line 12C

“to determine if COI harms organization and if so, member must fix immediate”

Part VI Line 19

“Upon Request”

Filing and Contact Details

Filer

Filer Name
Pennacle Foundation Inc
EIN
91-1960461
In Care Of
% LAWRENCE L THOMAS
Phone
3237502400
Address
PO Box 18224, Los Angeles, CA 90018
Doing Business As
Pennacle Foundation Inc

Signing Officer

Name
Lawrence L Thomas
Title
CEO
Phone
5623554217
Signed
2023-01-16

Organization Details

Principal Officer
Lawrence L Thomas
Formed
2000
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
26
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990 forms are made available for review upon request that are made in a
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1reasonable amount of time and during normal business hours.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COI matters are discussed and investigated by a select group of members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3to determine if COI harms organization and if so, member must fix immediate
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Upon Request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI Line 12c
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IRS990/USAddress/ZIPCd090714
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LAWRENCE L THOMAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05623554217
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-01-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Pennacle Foundation Inc
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Pennacle Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0PENN
ReturnHeader/Filer/EIN0911960461
ReturnHeader/Filer/InCareOfNm0% LAWRENCE L THOMAS
ReturnHeader/Filer/PhoneNum03237502400
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 18224
ReturnHeader/Filer/USAddress/CityNm0Los Angeles
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090018
ReturnHeader/ReturnTs02023-01-16T12:21:18-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LAWRENCE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0THOMAS
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$87,526
Liabilities
$592,081
Net assets
-$504,555
Revenue
$485,946
Expenses
$518,808
Net income
-$32,862
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$0.04$0.94$0.90$0.50$0.63$0.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.87$0.77$0.58$0.81$0.24
2021Detailed filing. Detailed filing data is available for this year.$0.09$0.59$0.50$0.49$0.52$0.03
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.57$0.46$0.64$0.95$0.31
2019Summary only. Only limited summary data is available for this year.$0.14$0.32$0.17$0.99$0.97$0.01
2018Summary only. Only limited summary data is available for this year.$0.13$0.38$0.24$1.03$1.01$0.02
2017Summary only. Only limited summary data is available for this year.$0.15$0.51$0.36$0.98$0.93$0.05
2016Summary only. Only limited summary data is available for this year.$0.08$0.28$0.20$0.69$0.68$0.01
2015Summary only. Only limited summary data is available for this year.$0.04$0.29$0.25$0.56$0.71$0.15
2014Summary only. Only limited summary data is available for this year.$0.12$0.21$0.09$1.21$1.29$0.08
2013Detailed filing. Detailed filing data is available for this year.$0.17$0.17$0.00$1.63$1.51$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.14$0.02$1.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.15$0.00$1.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.10$0.01$0.91