Penultimate Development
- Assets
- $106.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Jefferson City, TN
- Founding
- 10/2017
- Data as of
- 12/2023
- EIN
- 82-2025109
Organization Overview
Penultimate Development is located in Jefferson City, TN. The organization was established in 2017. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penultimate Development 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 12/2023, Penultimate Development generated $120.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $100.1k during the year ending 12/2023. While expenses have increased by 1.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
10 MONTH RESIDENCY, LEADERSHIP, AND CAREER DEVELOPMENT PROGRAM DESIGNED TO TRANSFORM AT-RISK YOUTH FROM FOLLOWERS TO LEADERS BY IMPROVING THEIR SPIRITUAL, PERSONAL, AND FUTURE LEADERSHIP POSITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diondre Jackson President | 0 | $0 | |
Andrew Huck Director | 0 | $0 | |
Ralph Silvan Director | 0 | $0 | |
Troy Smith Director | 0 | $0 | |
Ryan Mcgrew Director | 0 | $0 | |
Hallerin Hill Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,547 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $120,547 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $68,793 |
| Professional fees and other payments to independent contractors | $2,572 |
| Occupancy, rent, utilities, and maintenance | $5,600 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $23,119 |
| Total expenses | $100,084 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $64,613 |
| Other assets | $0 |
| Total assets | $106,134 |
| Total liabilities | $18,378 |
| Net assets or fund balances | $87,756 |