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← PERIS FOUNDATION

Form 990 for tax year 2022

Filed by PERIS FOUNDATION.

Totals

Total revenue
$448,769
Total expenses
$207,850
Contributions and grants received
$419,314
Grants paid
$165,200
Program service revenue
$0
Investment income
$29,455
Other revenue
$0
Total assets, end of year
$1,291,728
Total liabilities, end of year
$2,323
Net assets or fund balances, end of year
$1,289,405
Program services expenses (Part IX)
$175,201
Management and general expenses
$32,649
Fundraising expenses
$0
Program service expenses (Part III)
$175,201

Program services were 84.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $419,314

  • 3 · Investment income

    total $29,455 · excluded $29,455

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $165,200 · program services $165,200

  • 7 · Other salaries and wages

    total $8,957 · program services $8,957

  • 8 · Pension plan contributions

    total $358 · program services $358

  • 10 · Payroll taxes

    total $686 · program services $686

  • 11b · Fees: legal

    total $6,026 · management and general $6,026

  • 11c · Fees: accounting

    total $23,132 · management and general $23,132

  • 11g · Fees: other

    total $1,119 · management and general $1,119

  • 12 · Advertising and promotion

    total $950 · management and general $950

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $1,252 · management and general $1,252

  • 24b · Other expenses: FILING FEES

    total $170 · management and general $170

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,562 · end of year $81,743

  • 4 · Accounts receivable

    beginning of year $38,090 · end of year $228,151

  • 7 · Other notes and loans receivable

    beginning of year $981,834 · end of year $981,834

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $2,323

  • 27 · Net assets without donor restrictions

    beginning of year $1,048,486 · end of year $1,289,405

Mission and programs · 2022

Mission

TO OVERSEE AND CHAMPION PERIS HILL, A HOUSING COMMUNITY WHICH SUPPORTS YOUNG PEOPLE WHO HAVE EXPERIENCED FOSTER CARE THRIVE.

Activities or mission (Part I)

TO DEVELOP AND MAINTAIN A SUPPORTIVE HOUSING PROGRAM FOR YOUTH AGING OUT OF FOSTER CARE.

  • PERIS FOUNDATION OVERSEES AND CHAMPIONS PERIS HILL, AN INTENTIONAL HOUSING COMMUNITY IN HENNEPIN COUNTY THAT SUPPORTS AND EMPOWERS YOUNG PEOPLE WHO HAVE EXPERIENCED FOSTER CARE TO DEVELOP AND THRIVE.

    Expenses $175,201 · Grants $165,200

As filed on the 2022 return.

Listed in Part VII

  • Denise A Graves

    EMERITUS

    Total calculated
    $0
    Hours/week
    2.5 + 1 related

  • Tariro Chapinduka

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Lucina Kayee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Vinodh Kutty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Katie Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Kristi Pearson

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • Manire Vaughn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Courtney Kiernat

    DIRECTOR

    Total calculated
    $6,500
    From this org
    $0
    From related orgs
    $6,250
    Other
    $250
    Hours/week
    0.25

  • Carla Godwin

    EXECUTIVE DIRECTOR

    Total calculated
    $101,926
    From this org
    $0
    From related orgs
    $91,420
    Other
    $10,506
    Hours/week
    29 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • THE LINK

    $165,000

    TO SUPPORT YOUNG ADULTS PURSUING THEIR GOALS AND AND MOVING NEEDS.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • PERIS HOUSING LIMITED PARTNERSHIP

    RELATED · REAL ESTATE · MN · 1% owned · general or managing partner

    Directly controlled by PERIS FOUNDATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PERIS HOUSING GP LLC

    C · REAL ESTATE · MN · 100% owned · share of assets $981,706 · controlled entity

    Directly controlled by PERIS FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202323179349304577

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