Civic Intelligence

Pennacle Foundation Inc.

990 • Fiscal year 2023 • EIN 91-1960461

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

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

100th percentile

23.53x

Higher debt load relative to assets than 100% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

95th percentile

1.88x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

14th percentile

-24%

Higher net margin than 14% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

2nd percentile

-63%

Faster asset growth than 2% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

23rd percentile

-13%

Faster revenue growth than 23% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets100th percentile

Assets

Flat

$40,091

Flat from 2023

Net Assets

Flat

-$903,212

Flat from 2023

Liabilities

Flat

$943,303

Flat from 2023

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin14th percentile

Revenue

Flat

$502,845

Flat from 2023

Expenses

Flat

$625,767

Flat from 2023

Net Income

Flat

-$122,922

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth2nd 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: -$903,2122023Assets 2023: $40,091Liabilities 2023: $943,303Net Assets 2023: -$903,2122023

Highlighted filing

2023

Assets$40,091
Liabilities$943,303
Net Assets-$903,212
Open 2023 Filing

Operations Trend

Revenue Growth23rd 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: -$122,9222023Revenue 2023: $502,845Expenses 2023: $625,767Net Income 2023: -$122,9222023

Highlighted filing

2023

Revenue$502,845
Expenses$625,767
Net Income-$122,922
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 1, 2024
Return Version
2023v5.1
Gross Receipts
$502,845
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$59,243--
Loans From Officers Directors$8,870$57,250▲ $48,380
Prepaid Expenses and Deferred Charges$29,894--
Cash and Non-Interest-Bearing Accounts$-115$22,343▲ $22,458
Land, Buildings, and Equipment, Net$3,000$9,035▲ $6,035
Total Assets$107,169$40,091▼ $67,078
Other Assets Total$15,147$8,713▼ $6,434
Liabilities
Unsecured Notes Loans Payable$500,000$500,000→ $0
Other Liabilities$286,402$313,025▲ $26,623
Accounts Payable and Accrued Expenses$77,517$73,028▼ $4,489
Total Liabilities$872,789$943,303▲ $70,514
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-765,620$-903,212▼ $137,592
Total Net Assets Fund Balance$-765,620$-903,212▼ $137,592
Total Liabilities and Net Assets / Fund Balance$107,169$40,091▼ $67,078

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,035--
Other Assets Org$6,213--
Compensation and Service Providers
Top Officer Pay54th 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
$0
Program Service Revenue
$502,845
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-122,922
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$443,462
Other Expenses$182,305
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$238,247$10,950-$249,197
Current Officers, Directors, Trustees, and Key Employees$61,625$64,000-$125,625
Occupancy$46,328$92-$46,420
All Other Expenses$31,019$9,404-$40,423
Payroll Taxes$37,565--$37,565
Other Employee Benefits$31,075--$31,075
Insurance$26,913--$26,913
Information Technology$8,315$5,361-$13,676
Office Expenses$10,729$2,215-$12,944
Other Expenses$7,673--$7,673
Travel$2,898--$2,898
Conferences and Meetings-$1,500-$1,500
Total Functional Expenses$532,245$93,522$0$625,767
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$8,870$57,250▲ $48,380
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
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

“All documents made available to all members upon written request when made”

Part VI Line 11B

“and given a reasonable amount of time to produce.”

Part VI Line 12C

“A special group of members were designated to investigate, and report to”

Part VI Line 12C

“board their findings and recommend resolution to matter. Member advised”

Part VI Line 19

“Upon request when requested and provided a reasonable time to produce.”

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
2024-11-01

Organization Details

Principal Officer
Lawrence L Thomas
Formed
2000
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
3
Employees
20
Supplemental Narrative

Additional Explanations

Part III Line 3

“Closed one of our facilities and ceased operations”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Closed one of our facilities and ceased operations
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All documents made available to all members upon written request when made
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2and given a reasonable amount of time to produce.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A special group of members were designated to investigate, and report to
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Upon request when requested and provided a reasonable time to produce.
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/Filer/PhoneNum03237502400
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ReturnHeader/ReturnTs02024-11-01T16:15:33-05:00
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$40,091
Liabilities
$943,303
Net assets
-$903,212
Revenue
$502,845
Expenses
$625,767
Net income
-$122,922
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.04$0.94$0.90$0.50$0.63$0.12
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
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$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