P I Foundation
- Assets
- $11.9m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Newton, IA
- Founding
- 09/1979
- Data as of
- 06/2023
- EIN
- 42-1126653
Organization Overview
P I Foundation is located in Newton, IA. The organization was established in 1979. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. P I Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, P I Foundation generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $565.6k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AID TO TAX EXEMPT REHABILITATION FACILITIES THAT HELP INDIVIDUALS WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL AND REHABILITATION PROGRAM: PROVIDES SPACE, EQUIPMENT, AND PROGRAMMING FOR THE REHABILITATION OF DISABLED INDIVIDUALS
RESIDENTIAL HOUSING: PROVIDES HOUSING FOR DISABLED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra K Ham President/ceo/asst Secreta | OfficerTrustee | 9 | $30,164 |
Geri A Doyle Trustee | Trustee | 1 | $0 |
John D Mcneer Trustee | Trustee | 1 | $0 |
Brian Buch Chair | OfficerTrustee | 1.5 | $0 |
Jeff Hoebelheinrich Secretary | OfficerTrustee | 1.5 | $0 |
Amy Davis Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,971 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,971 |
| Total Program Service Revenue | $590,796 |
| Investment income | $241,086 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,977 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,172,120 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $59,059 |
| Compensation of current officers, directors, key employees. | $59,059 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,981 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $20,644 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,597 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,551 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,958 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,519 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34,154 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $135,991 |
| Insurance | $26,578 |
| All other expenses | $0 |
| Total functional expenses | $565,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $493,845 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $490,364 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,752 |
| Net Land, buildings, and equipment | $2,561,681 |
| Investments—publicly traded securities | $7,973,872 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $406,357 |
| Total assets | $11,927,871 |
| Accounts payable and accrued expenses | $37,906 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $727,743 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,530 |
| Total liabilities | $768,179 |
| Net assets without donor restrictions | $10,854,747 |
| Net assets with donor restrictions | $304,945 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,927,871 |