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Nonprofiteer
← PRESIDENTS COUNCIL FOUNDATION INC

Form 990 for tax year 2024

Filed by PRESIDENTS COUNCIL FOUNDATION INC.

Totals

Total revenue
$466,001
Total expenses
$685,985
Contributions and grants received
$464,450
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$1,551
Total assets, end of year
$886,686
Total liabilities, end of year
$74,037
Net assets or fund balances, end of year
$812,649
Program services expenses (Part IX)
$314,383
Management and general expenses
$313,071
Fundraising expenses
$58,531
Program service expenses (Part III)
$314,383

Program services were 45.8% 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.

  • 1b · Membership dues

    $156,250

  • 1f · All other contributions, gifts and grants

    $308,200

  • 1g · Noncash contributions included above

    $13,200

  • 11a · Other revenue: MISCELLANEOUS

    total $1,551 · related or exempt $1,551

  • 11e · Other revenue, total

    $1,551

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $303,678 · program services $187,933 · management and general $115,745

  • 8 · Pension plan contributions

    total $2,008 · program services $1,205 · management and general $803

  • 9 · Other employee benefits

    total $25,049 · program services $15,029 · management and general $10,020

  • 10 · Payroll taxes

    total $18,222 · program services $11,424 · management and general $6,798

  • 11g · Fees: other

    total $27,957 · management and general $27,957

  • 12 · Advertising and promotion

    total $33,175 · program services $17,742 · fundraising $15,433

  • 13 · Office expenses

    total $29,933 · program services $1,379 · management and general $26,381 · fundraising $2,173

  • 14 · Information technology

    total $13,276 · program services $13,276

  • 16 · Occupancy

    total $24,798 · management and general $24,798

  • 17 · Travel

    total $9,549 · program services $9,549

  • 22 · Depreciation, depletion and amortization

    total $1,355 · management and general $1,355

  • 23 · Insurance

    total $4,443 · management and general $4,443

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $87,500 · management and general $87,500

  • 24b · Other expenses: PROGRAM EXPENSES

    total $55,977 · program services $8,010 · management and general $7,271 · fundraising $40,696

  • 24c · Other expenses: PROGRAM EVENTS

    total $35,240 · program services $35,011 · fundraising $229

  • 24d · Other expenses: MEALS

    total $13,825 · program services $13,825

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $149,216

  • 4 · Accounts receivable

    beginning of year $462,500 · end of year $879,687

  • 9 · Prepaid expenses and deferred charges

    beginning of year $280,389 · end of year $2,367

  • 10a · Land, buildings and equipment: cost or other basis

    $10,319

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,860

  • 10c · Land, buildings and equipment, net

    end of year $4,459

  • 11 · Investments: publicly traded securities

    end of year $173

  • 15 · Other assets

    beginning of year $164,923

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,040 · end of year $74,037

  • 23 · Secured mortgages and notes payable

    beginning of year $437,855

  • 27 · Net assets without donor restrictions

    beginning of year $590,133 · end of year $477,649

  • 28 · Net assets with donor restrictions

    end of year $335,000

Mission and programs · 2024

Mission

AS A CATALYST OF INCLUSION THE PRESIDENTS COUNCIL SUPPORT, DEVELOPS & ADVOCATES FOR ITS REGION'S CURRENT AND FUTURE GENERATIONS

  • THE PRESIDENTS' COUNCIL RECOGNIZES THAT BLACK BUSINESS GROWTH CREATES A WEALTH GENERATION MODEL THAT PROVIDES A POWERFUL IMPACT ON OUR COMMUNITY. FOSTERING THAT GROWTH THROUGH OUR EVENTS, PC SCHOLARS PROGRAM AND BUSINESS SOLUTIONS SUITE EMPOWERS BLACK BUSINESS OWNERS WITH THE KNOWLEDGE, ATTITUDES, SKILLS AND ASPIRATIONS NEEDED TO PRODUCE A POSITIVE EFFECT ON THE COMMUNITY AT LARGE.

    Expenses $314,383

As filed on the 2024 return.

Listed in Part VII

  • Nicholas Perry

    OUTGOING PRE

    Total calculated
    $154,019
    From this org
    $154,019
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $154,019
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $154,019

  • Michael Bowen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joesph Chubb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Necole Cumberlander

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terrell Dillard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andre Goosby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Hall

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Eddie Taylor Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Suzanne Miklos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Perry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Larese Purnell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tameka Taylor

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Thomas Waltermire

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jamie Warder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Williams

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Danielle Sydnor

    INCOMING PRE

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.0
Source object
202543219349318874

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